# Lowest brokerage in India 2026 · 24 Jun
> What ChatGPT, Gemini, and Google AI Mode said about: Lowest brokerage in India 2026. Brands named, sources cited, sentiment per engine on 24 Jun.

Canonical URL: https://cite.solutions/state-of-ai-india/investing-apps/reports/2026-06-24/p/27
Source: Cite Solutions (cite.solutions)
Published: 2026-06-24
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[← Investing Apps · 24 June 2026](/state-of-ai-india/investing-apps/reports/2026-06-24)One prompt · three engines

Prompt 27 · 24 June 2026

# Lowest brokerage in India 2026

Three engines were asked the exact prompt above on 24 June 2026. Below is the verbatim answer each one gave, the brands it named, and the URLs it cited.

ChatGPTgpt-5-5

Answered 24 June 2026

In \*\*2026, brokerage in India is almost completely dominated by “discount brokers”\*\* — and the difference between the cheapest options is now very small. ### 🥇 Lowest brokerage in India (2026 reality) For most retail traders, these brokers are effectively the \*\*lowest-cost options\*\*: - \*\*\*\* → ₹0 delivery, ₹20 per order (intraday/F&O) - \*\*\*\* → ₹0 delivery, ₹20 per order - \*\*\*\* → ₹20 per order (delivery may apply on some plans) - \*\*\*\* → ₹0 delivery, ₹20 per order - \*\*\*\* → flat ₹20 per order (some plans even lower effective cost) 📊 Across multiple 2026 comparisons, most brokers now follow the same model: - \*\*Delivery investing:\*\* ₹0 brokerage on top discount brokers - \*\*Intraday / F&O:\*\* flat ₹20 per order (or \~0.03% whichever is lower) --- ## 🧾 So who is actually “cheapest” in 2026? ### 🏆 Overall lowest cost (most cases) - \*\*Zerodha / Upstox / Angel One\*\* → tied for lowest effective brokerage ### 💡 Best for beginners (low hidden cost + simple app) - Groww (easy UI, but not always the absolute cheapest on every trade) ### ⚡ Cheapest for active traders - Zerodha or Upstox (flat ₹20 + strong ecosystem) --- ## ⚠️ Important reality (most people miss this) Even if brokerage is “zero”, you still pay: - STT (government tax) - Exchange charges - GST - DP charges (on selling shares) So actual trading cost is always there (\~0.08%–0.15% per trade in many cases) --- ## 🧠 Final answer (simple) 👉 \*\*Lowest brokerage in India in 2026 = Zerodha / Upstox / Angel One (tie at \~₹20 flat + zero delivery)\*\* --- If you want, I can also tell you: - Best broker for \*\*intraday only\*\* - Best for \*\*long-term investing\*\* - Cheapest broker including \*\*DP charges (hidden cost comparison)\*\*

Brands named

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

Sources cited · 2

* [Lowest Brokerage Demat Account in India 2026 - Compared | TheFinBaba Blogthefinbaba.com/blog/lowest-brokerage-demat-account-india-2026](https://www.thefinbaba.com/blog/lowest-brokerage-demat-account-india-2026?utm%5Fsource=chatgpt.com)
* [Zerodha, Groww, Angel One Brokerage Charges 2026 — Compare All Brokers | StockCalc.instockcalc.in/blog/stock-broker-charges-india-2026](https://stockcalc.in/blog/stock-broker-charges-india-2026?utm%5Fsource=chatgpt.com)

Geminigemini-3-flash

Answered 24 June 2026

In 2026, the Indian stockbroking landscape is highly competitive, with discount brokers leading the charge by offering significantly lower fees than traditional full-service brokers. The title for the "lowest brokerage" depends entirely on your trading style, as different brokers structure their fees to target specific types of investors. --- ## 1\. Zero Brokerage on Equity Delivery (Best for Long-Term Investors) If you mainly buy stocks and hold them for days, weeks, or years (Delivery trading), several major discount brokers charge \*\*₹0 brokerage\*\*. \* \*\*Zerodha:\*\* ₹0 for Equity Delivery. (Intraday and F&O are flat ₹20 or 0.03%, whichever is lower). \* \*\*Angel One:\*\* ₹0 for Equity Delivery. (Intraday and F&O are flat ₹20 or 0.1%, whichever is lower). \* \*\*m.Stock (by Mirae Asset):\*\* Offers a lifetime zero-brokerage plan across \*all\* segments (Delivery, Intraday, F&O) for a one-time upfront subscription fee. ## 2\. Ultra-Low Flat Fee Brokers (Best for Active F&O and Intraday Traders) While the industry standard for discount brokers has long been a flat ₹20 per executed order, newer platforms and specific discount plans have undercut this price for active traders: \* \*\*Sahi Trading Platform:\*\* Charges a flat \*\*₹10 per order\*\* for Intraday and F&O, making it roughly 50% cheaper on brokerage than standard discount platforms. \* \*\*Flat ₹20 per order players:\*\* Industry giants like \*\*Groww\*\*, \*\*Upstox\*\*, and \*\*5paisa\*\* maintain a flat ₹20 per executed order (or 0.05% to 0.1% whichever is lower) for Intraday and F&O segments. --- ## The Big Comparison at a Glance | Broker | Equity Delivery Brokerage | Intraday & F&O Brokerage | Annual Maintenance Charges (AMC) | |:--- |:--- |:--- |:--- | | \*\*Sahi\*\* | ₹10 or 0.05% (whichever lower) | \*\*₹10 Flat\*\* | Free | | \*\*Groww\*\* | ₹20 or 0.1% (whichever lower) | ₹20 Flat | Free | | \*\*Zerodha\*\* | \*\*₹0 (Free)\*\* | ₹20 or 0.03% (whichever lower) | ₹300/year | | \*\*Angel One\*\* | \*\*₹0 (Free)\*\* | ₹20 or 0.1% (whichever lower) | Free for 1st year, then ₹20-25/month | | \*\*5paisa\*\* | ₹20 Flat | ₹20 Flat | Flat ₹300/year | | \*\*m.Stock\*\* | ₹0 (With paid lifetime plan) | ₹0 (With paid lifetime plan) | Varies by onboarding plan | --- ## ⚠️ The "Hidden" Costs: Look Beyond Headline Brokerage When looking for the cheapest option, remember that brokerage is only one part of the equation. Following the regulatory changes and Union Budget updates up to 2026, \*\*statutory and hidden charges often cost more than the brokerage itself.\*\* Keep an eye on: \* \*\*Securities Transaction Tax (STT):\*\* Following statutory hikes, STT on F&O and equity segments represents the largest chunk of your trading bill. This remains identical across all brokers. \* \*\*DP Charges (Depository Participant Fee):\*\* Charged only when you \*\*sell\*\* shares from your Demat account. This typically ranges from ₹13.5 to ₹20 per company/ISIN per day, regardless of the broker's "zero brokerage" claim. \* \*\*Auto Square-Off Charges:\*\* If you leave an intraday position open and the broker's system closes it out for you, platforms can charge anywhere from ₹10 to ₹50 per position. \* \*\*Slippage Cost:\*\* A platform with a glitchy server or slow execution might cost you more in delayed trade execution than you'll ever save on a ₹10 discount. \*\*Summary Recommendation:\*\* If you are a long-term investor, go for brokers with \*\*₹0 delivery\*\* like \*\*Zerodha\*\* or \*\*Angel One\*\*. If you are a high-volume Intraday or Options trader, platforms offering a flat \*\*₹10-20 structure\*\* like \*\*Sahi\*\* or \*\*Groww\*\* will protect your margins.

Brands named

[Dhan](https://dhan.co "Visit Dhan")[Zerodha](https://zerodha.com "Visit Zerodha")[Angel One](https://angelone.in "Visit Angel One")[Groww](https://groww.in "Visit Groww")[Upstox](https://upstox.com "Visit Upstox")[5paisa](https://5paisa.com "Visit 5paisa")

Sources cited · 6

* [Lowest Brokerage Charges in India | IIFL Knowledge Centerindiainfoline.com/knowledge-center/demat-account/lowest-brokerage-charges-in-india](https://www.indiainfoline.com/knowledge-center/demat-account/lowest-brokerage-charges-in-india#:~:text=All%20brokers%20in%20India%20are,lowest%20brokerage%20rates%20in%20India.)
* [Top 10 Best Stock Brokers in India 2026 by NSE Active Aclients - Dhandhan.co/blog/news/top-10-best-stock-brokers-in-india](https://dhan.co/blog/news/top-10-best-stock-brokers-in-india/#:~:text=Its%20Kite%20trading%20platform%20remains,20%20for%20all%20options%20trades.)
* [Demat Account with Lowest Charges in India 2026 | Best Low Brokerage Optionslucknowlions.com/blogs/latest/demat-account-lowest-brokerage-options-charges-india](https://www.lucknowlions.com/blogs/latest/demat-account-lowest-brokerage-options-charges-india)
* [Low-Cost & Transparent Brokerage Pricing | Sahi Trading Platformsahi.com/pricing](https://www.sahi.com/pricing#:~:text=As%20per%20the%20regular%20order,mobile%2C%20desktop%E2%80%94all%20free%29)
* [Low-Cost & Transparent Brokerage Pricing | Sahi Trading Platformsahi.com/pricing](https://www.sahi.com/pricing#:~:text=Compare%3A%20Sahi%20vs%20Other%20Brokers,than%20brokerage%20at%20any%20broker.)
* [Low-Cost & Transparent Brokerage Pricing | Sahi Trading Platformsahi.com/pricing](https://www.sahi.com/pricing#:~:text=Who%20Is%20Sahi%20Pricing%20Best,High-frequency%20traders)

AI ModeGoogle AI Mode

Answered 24 June 2026

As of mid-2026, the lowest brokerage in India is primarily offered by discount brokers who provide zero-cost equity delivery and flat-fee trading for intraday and derivatives. Top brokers competing for the lowest fees in 2026 include: - \*\*:\*\* Offers free account opening, zero Annual Maintenance Charges (AMC), and zero brokerage on equity delivery. Intraday and F&O are charged at ₹20 per executed order. - \*\*:\*\* Known for advanced trading tools, it offers free equity delivery, zero AMC, and a flat ₹20 per executed order for intraday/F&O. - \*\*:\*\* A leader in discount broking, providing free equity delivery and a maximum of ₹20 per executed order on intraday/F&O. - \*\*:\*\* Offers very low brokerage fees, often at ₹15 or 0.01% per executed order. - \*\*:\*\* Popular for a simple interface with free delivery and flat-fee charges. \*\*Key Considerations for 2026:\*\* - \*\*Flat Fee Structure:\*\* Most discount brokers charge ₹20 per executed order, regardless of trade size, which is highly cost-effective for large trades. - \*\*Zero Brokerage Segments:\*\* Equity Delivery and Direct Mutual Funds are generally free across these top platforms. - \*\*Additional Charges:\*\* While brokerage is low, it is important to factor in statutory charges such as STT, transaction charges, and GST. To help you narrow down the best broker for you, could you tell me: - \*\*What is your primary focus?\*\* (e.g., Long-term investing vs. Daily trading) - \*\*Which segment do you trade most?\*\* (e.g., Equity Delivery, F&O, Commodity) - \*\*Do you prioritize advanced charting tools over low cost?\*\* I can then give you a more specific recommendation based on your needs.

Brands named

[Dhan](https://dhan.co "Visit Dhan")[Zerodha](https://zerodha.com "Visit Zerodha")[Groww](https://groww.in "Visit Groww")

Sources cited · 7

* [blogs / latest / demat account lowest brokerage options charges indialucknowlions.com/blogs/latest/demat-account-lowest-brokerage-options-charges-india](https://www.lucknowlions.com/blogs/latest/demat-account-lowest-brokerage-options-charges-india)
* [Dhandhan.co](https://dhan.co/)
* [FYERSfyers.in](https://fyers.in/)
* [Zerodhazerodha.com](https://zerodha.com/)
* [Alice Bluealiceblueonline.com](https://www.aliceblueonline.com/)
* [Growwgroww.in](https://groww.in/)
* [blog / news / top 10 best stock brokers in indiadhan.co/blog/news/top-10-best-stock-brokers-in-india](https://dhan.co/blog/news/top-10-best-stock-brokers-in-india/)

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