# Lowest brokerage in India 2026 · 19 Jun
> What ChatGPT, Gemini, and Google AI Mode said about: Lowest brokerage in India 2026. Brands named, sources cited, sentiment per engine on 19 Jun.

Canonical URL: https://cite.solutions/state-of-ai-india/investing-apps/reports/2026-06-19/p/27
Source: Cite Solutions (cite.solutions)
Published: 2026-06-19
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[← Investing Apps · 19 June 2026](/state-of-ai-india/investing-apps/reports/2026-06-19)One prompt · three engines

Prompt 27 · 19 June 2026

# Lowest brokerage in India 2026

Three engines were asked the exact prompt above on 19 June 2026. Below is the verbatim answer each one gave, the brands it named, and the URLs it cited.

ChatGPTgpt-5-5

Answered 19 June 2026

In 2026, \*\*brokerage in India is dominated by discount brokers\*\*, and most of them now charge \*almost the same headline rates\*. The real differences are in hidden charges (AMC, DP charges), not basic brokerage. ### 🥇 Lowest brokerage in India (2026 overview) #### ⚡ 1\. Zero brokerage on delivery (buy & hold stocks) Most major brokers now offer: - Zerodha → ₹0 delivery brokerage - Groww → ₹0 delivery brokerage - Upstox → ₹0 delivery brokerage (conditions may apply earlier) - Angel One → ₹0 delivery brokerage 👉 So for long-term investing, \*\*all top brokers are effectively tied for lowest brokerage = ₹0\*\* --- #### ⚡ 2\. Intraday & F&O (most important for traders) For active trading, brokerage is usually: - ₹20 per order \*\*flat\*\* OR - 0.03% per trade (whichever is lower) This is standard across: - Zerodha - Upstox - Groww - Angel One 👉 So again, \*\*no single winner among top brokers for basic brokerage\*\* --- ### 🥇 Absolute cheapest broker (niche winner) If you go beyond mainstream apps: - Some brokers like \*\*mStock\*\* offer \~\*\*₹5 per order (F&O)\*\* → currently among the lowest in India for heavy traders --- ### 📊 Simple conclusion (most important) | Type of user | Cheapest option | |------|------| | Long-term investor | All major brokers (₹0 delivery) | | Beginner investor | Groww / Zerodha (simple + ₹0 delivery) | | Active trader | Zerodha / Upstox / Angel One (₹20 flat) | | Heavy F&O trader | mStock (very low per order) | --- ### ⚠️ Real truth most people miss Even though brokerage is “₹0 or ₹20”, your \*\*actual cost includes DP charges, STT, GST, AMC\*\*, etc. These can matter more than brokerage itself. --- ### ✅ Bottom line In 2026 India: > \*\*There is no single “lowest brokerage broker” anymore among top apps — they are all almost equal.\*\* If you want, I can compare \*\*Zerodha vs Groww vs Upstox vs Angel One in detail for your exact usage (trading vs investing)\*\* and tell you the cheapest for YOU.

Brands named

[Zerodha](https://zerodha.com "Visit Zerodha")[Groww](https://groww.in "Visit Groww")[Upstox](https://upstox.com "Visit Upstox")[Angel One](https://angelone.in "Visit Angel One")

Sources cited · 2

* [Best Stock Brokers in India 2026 — Compare Zerodha, Groww, Upstox & More | StockVizstockviz.in/brokers.html](https://www.stockviz.in/brokers.html?utm%5Fsource=chatgpt.com)
* [Zerodha, Groww, Angel One Brokerage Charges 2026 —...stockcalc.in/blog/stock-broker-charges-india-2026](https://stockcalc.in/blog/stock-broker-charges-india-2026?utm%5Fsource=chatgpt.com)

Geminigemini-3-flash

Answered 19 June 2026

In India's stock broking landscape, the race to provide the lowest brokerage has divided into two main camps: \*\*Strictly Zero-Brokerage Brokers\*\* (which charge nothing for trades across major segments) and \*\*Standard Discount Brokers\*\* (which charge a flat ₹20 per trade). Here is a breakdown of the cheapest options available in 2026\. --- ## 1\. Absolute Zero-Brokerage Brokers These platforms are popular with high-frequency traders because they eliminate per-order fees entirely across multiple segments. \* \*\*Flattrade:\*\* Truly a zero-brokerage platform. It charges \*\*₹0 brokerage\*\* across Equity Delivery, Intraday, F&O, Commodities, and Currencies. They also feature a lifetime-free Demat account with zero Annual Maintenance Charges (AMC). \* \*\*m.Stock (by Mirae Asset):\*\* Offers a "Zero Brokerage for Life" plan for a one-time upfront fee (around ₹999). After that, brokerage is \*\*₹0\*\* across all segments including Intraday and F&O. They also offer a low-cost alternative plan of flat ₹10 per trade. \* \*\*Kotak Neo:\*\* Specifically target intraday traders by offering \*\*₹0 brokerage on all Intraday trades\*\* (Equity, F&O, and Commodity). However, they do charge for equity delivery (often up to 0.49%) unless you are under special subscription plans like their Youth Offer. --- ## 2\. Flat-Fee Discount Brokers (The ₹20 Industry Standard) If you prefer major mainstream platforms with massive ecosystems, the industry standard is flat-fee pricing. They generally charge \*\*₹0 for Equity Delivery\*\* and a flat \*\*₹20 per executed order\*\* for Intraday and F&O. | Broker | Equity Delivery Brokerage | Intraday / F&O Brokerage | Annual Maintenance Charges (AMC) | |:--- |:--- |:--- |:--- | | \*\*Groww\*\* | ₹0 (or lower of ₹20 / 0.01%) | Flat ₹20 per order | \*\*₹0 (Free)\*\* | | \*\*Zerodha\*\* | \*\*₹0\*\* | Flat ₹20 or 0.03% (whichever lower) | ₹300 + GST / year | | \*\*Angel One\*\* | ₹0 (or lower of ₹20 / 0.1%) | Flat ₹20 or 0.03% | ₹240 / year (1st year free) | | \*\*Upstox\*\* | ₹0 (or lower of ₹20 / 0.05%) | Flat ₹20 or 0.05% | \*\*₹0 (Free)\*\* | --- ## ⚠️ Important Note: The "Hidden" Costs Even if a broker advertises "Zero Brokerage," \*\*trading is never entirely free.\*\* No broker can waive statutory fees and taxes mandated by the government and exchanges. You will always have to pay: 1\. \*\*STT (Securities Transaction Tax):\*\* Usually the largest chunk of transaction costs (0.1% on delivery). 2\. \*\*DP (Depository Participant) Charges:\*\* Charged by CDSL/NSDL (plus the broker's processing fee) whenever you \*\*sell\*\* shares from your Demat account (usually around ₹13.5 to ₹20 per company per day). 3\. \*\*Exchange Transaction Charges:\*\* Fees collected by the NSE/BSE. 4\. \*\*SEBI Turnover Fees & GST (18%):\*\* Applied to the brokerage and transaction charges. \*\*Which segment are you planning to trade in the most (e.g., long-term delivery, day trading, or F&O)?\*\*

Brands named

[Groww](https://groww.in "Visit Groww")[Zerodha](https://zerodha.com "Visit Zerodha")[Angel One](https://angelone.in "Visit Angel One")[Upstox](https://upstox.com "Visit Upstox")

Sources cited · 3

* [Flattrade: Zero Brokerage Trading App in Indiaflattrade.in](https://flattrade.in/)
* [Discount broker with zero brokerage | Mirae Asset - m.Stockmstock.com/articles/low-cost-discount-brokerage-in-india](https://www.mstock.com/articles/low-cost-discount-brokerage-in-india#:~:text=This%20is%20because%20they%20provide,10%20brokerage%20across%20all%20trades.)
* [Best Demat Accounts in India 2026 - Zero AMC & Lowest Brokerage - Pocketfulpocketful.in/blog/demat/best-demat-accounts-in-india](https://www.pocketful.in/blog/demat/best-demat-accounts-in-india/#:~:text=of%20%E2%82%B920-,Flat%20Brokerage%20per%20order%20of%20%E2%82%B920,per%20order%20of%20%E2%82%B910)

AI ModeGoogle AI Mode

Answered 19 June 2026

The lowest brokerage options in India for 2026 are split between \*\*true zero-brokerage models\*\* (like, Finvasia, and m.Stock) that charge ₹0 across segments, and \*\*flat discount models\*\* (like, Groww, and Upstox) that charge a flat ₹20 per trade. Choosing the cheapest option depends heavily on your trading volume and whether you prefer an absolute zero-cost model or a reliable, feature-rich ecosystem. Compare the Lowest Brokerage Charges in 2026 The following structured table outlines the top low-cost and zero-brokerage stockbrokers in India: | Broker Type | Stock Broker | Equity Delivery Fee | Intraday & F&O Fee | Account Maintenance (AMC) | Key Attribute | |---|---|---|---|---|---| | \*\*Lifetime Zero Brokerage\*\* | Flattrade | \*\*₹0\*\* | \*\*₹0\*\* | ₹0 | 100% free across all segments, no subscription. | | \*\*Lifetime Zero Brokerage\*\* | Finvasia (Shoonya) | \*\*₹0\*\* | \*\*₹0\*\* | ₹0 | Completely free, built-in AI tools for trading. | | \*\*Subscription-Based Zero\*\* | m.Stock (Mirae Asset) | \*\*₹0\*\* | \*\*₹0\*\* (with ₹999 plan) | ₹0 (with ₹999 upfront fee) | ₹999 one-time payment gives lifetime ₹0 trading. | | \*\*Flat Discount (Premium)\*\* | Zerodha | \*\*₹0\*\* | \*\*Flat ₹20\*\* or 0.03% | ₹300 / year | Market leader, most robust execution tech. | | \*\*Flat Discount (Premium)\*\* | Groww | \*\*₹0\*\* or 0.05% | \*\*Flat ₹20\*\* or 0.05% | \*\*₹0\*\* | India's largest broker, beginner-friendly. | | \*\*Flat Discount (Premium)\*\* | Kotak Neo | \*\*₹0\*\* | \*\*₹0\*\* (Intraday) / ₹20 (F&O) | ₹0 (under youth plan) | Free intraday trades backed by a major bank. | Step-by-Step Guide to Actioning Your Broker Selection To maximize your cost savings, follow this operational sequence to match a broker to your routine: 1\. \*\*Assess Your Trading Frequency\*\*: If you place more than 50 trades a month, shift entirely to absolute zero-brokerage models (Flattrade or m.Stock) to prevent flat fees from biting into profits. 2\. \*\*Review Hidden Regulatory Taxes\*\*: Remember that "Zero Brokerage" does not mean zero trading costs. You will still pay government-mandated fees such as Securities Transaction Tax (STT), SEBI turnover fees, Stamp Duty, and 18% GST. 3\. \*\*Verify the DP (Depository Participant) Charges\*\*: When selling equity delivery stocks, discount brokers charge a "DP fee" (typically ₹13.5 to ₹20 + GST per company, per day). Ensure you review this if you frequently sell small long-term equity quantities. 4\. \*\*Test the Trading Terminal\*\*: Open a free account with your top pick to check app latency and execution speed during live market hours before deploying heavy capital. Critical Considerations to Prevent Dead Ends - \*\*Platform Stability vs. Cost\*\*: True zero-fee platforms (Flattrade, Finvasia) save maximum cash but can occasionally lag during peak market volatility (such as budget days or major market crashes). If uptime is your priority, paying a flat ₹20 to Zerodha or Upstox behaves like insurance for smooth trade routing. - \*\*Upfront Costs\*\*: Subscriptions like m.Stock's ₹999 plan only break even if you plan to trade actively for at least 3–6 months. To help me tailor a more specific recommendation, what is your \*\*primary trading style\*\* (e.g., long-term investor, intraday trader, or F&O scalper), and what is your \*\*estimated monthly order volume\*\*?

Brands named

[Zerodha](https://zerodha.com "Visit Zerodha")[Groww](https://groww.in "Visit Groww")[Upstox](https://upstox.com "Visit Upstox")

Sources cited · 5

* [Flattradeflattrade.in](https://flattrade.in/)
* [Zerodhazerodha.com/charges](https://zerodha.com/charges/)
* [articles / low cost discount brokerage in indiamstock.com/articles/low-cost-discount-brokerage-in-india](https://www.mstock.com/articles/low-cost-discount-brokerage-in-india)
* [pricingstoxkart.com/pricing](https://www.stoxkart.com/pricing)
* [lowest brokerage charges in indiaequitylogy.in/lowest-brokerage-charges-in-india](https://equitylogy.in/lowest-brokerage-charges-in-india/)

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