Lowest brokerage in India 2026

If you're looking for the **lowest brokerage broker in India in 2026**, the answer depends on whether you're an investor or an active trader. | Broker | Equity Delivery | Intraday | F&O | AMC | |----------|----------|----------|----------|----------| | m.Stock | ₹0 | As low as ₹5/order | ₹5/order | Lifetime plans available | | 5paisa | ₹20/order | ₹10–20/order (plan-based) | ₹10–20/order | Low/free plans | | Zerodha | ₹0 | ₹20 or 0.03% (lower) | ₹20/order | ~₹300/year | | Upstox | ₹0 | ₹20/order | ₹20/order | Often ₹0 AMC | | Groww | ₹0–20 depending on segment/plan | ₹20/order | ₹20/order | ₹0 AMC | | Angel One | ₹0 | ₹20/order | ₹20/order | Usually low/₹0 plans | Sources comparing 2026 brokerage schedules show that most major discount brokers have converged around **₹20 per order** for intraday and F&O, while m.Stock and some niche brokers offer lower flat fees. ### Best choice by use case - **Lowest brokerage overall for active traders:** m.Stock (₹5/order plans) - **Lowest-cost mainstream broker:** Upstox or Groww (₹0 AMC on many plans) - **Best balance of cost and platform quality:** Zerodha (slightly higher AMC but excellent tools and lower DP charges than many rivals) - **For beginners:** Groww because of its simple interface and ₹0 AMC. One thing many investors miss: **brokerage is not the only cost**. DP charges, AMC, exchange fees, GST, and stamp duty can sometimes matter more than the difference between ₹5 and ₹20 brokerage. If you tell me: 1. Long-term investing or trading? 2. Equity only or F&O? 3. Expected trades per month? I can recommend the cheapest broker specifically for your usage.

In 2026, the Indian stockbroking landscape is incredibly competitive, driving transaction costs lower than ever. When searching for the lowest brokerage, you will primarily look at **discount brokers** and **zero-brokerage platforms**. The lowest brokerage options in India are broken down into categories depending on your trading style: --- ### 1. The True "Zero-Brokerage" Platforms If your primary goal is to pay ₹0 in brokerage across all segments (Delivery, Intraday, and F&O), a few platforms offer absolute zero-brokerage models. However, they usually charge a one-time onboarding or subscription fee. * **Flattrade:** Offers **₹0 brokerage** across Equity Delivery, Intraday, F&O, Currency, and Commodities with no lifetime AMC (Account Maintenance Charges). * **m.Stock (by Mirae Asset):** Offers a lifetime zero-brokerage plan across all segments (including F&O and Intraday) for a one-time account opening fee of ₹999. Alternatively, they offer a flat **₹10 per trade** plan, which is lower than the industry standard. ### 2. The Budget & Options-Focused Brokers * **Sahi:** A fast-growing platform tailored specifically for options traders, offering a disrupted flat rate of **₹10 per executed options order** with no hidden per-lot fees. * **Dhan:** Charges **₹0 for Equity Delivery**, and a flat ₹20 or 0.03% (whichever is lower) for Intraday and F&O. Notably, they offer a 50% discount on brokerage (₹10 per trade) for women investors. ### 3. The Major Industry Giants (Flat ₹20 Standard) The pioneers of discount broking still hold the largest market share and offer highly stable tech architectures for a flat fee of **₹20 per trade** (or 0.03%–0.05%, whichever is lower), while **Equity Delivery is completely free**. * **Zerodha (Kite):** ₹0 Delivery / Flat ₹20 for Intraday & F&O. * **Groww:** ₹0 Delivery / Flat ₹20 or 0.1% (whichever is lower) for Intraday. * **Angel One & Upstox:** Both follow the ₹0 Delivery / Flat ₹20 intraday and derivatives model with robust API integrations for tech-savvy traders. --- ### Quick Comparison Summary | Broker | Equity Delivery | Equity Intraday / F&O | Key Highlight | |:--- |:--- |:--- |:--- | | **Flattrade** | ₹0 | ₹0 | Completely free, no AMC | | **m.Stock** | ₹0 | ₹0 (with ₹999 one-time fee) or ₹10 | Great backing by Mirae Asset | | **Sahi** | ₹0 | ₹10 (for Options) | Built for high-speed options scalping | | **Dhan** | ₹0 | ₹20 (₹10 for women) | Outstanding TradingView chart features | | **Zerodha / Groww** | ₹0 | ₹20 or percentage (lower) | Industry leaders, most stable apps | ### ⚠️ A Note on "Hidden" Regulatory Charges Even if a broker charges ₹0 in brokerage, you cannot trade entirely for free in India. Every single transaction incurs mandatory statutory charges mandated by SEBI and the government. Always factor in: * **STT (Securities Transaction Tax):** The heaviest tax, especially on delivery buys/sells (0.1%) and intraday sells (0.025%). * **DP (Depository Participant) Charges:** Charged only when you **sell** shares from your Demat account (usually ranges from ₹13.5 to ₹18.5 per company per day). * **Exchange Transaction Charges, SEBI turnover fees, and 18% GST** on the accumulated transaction/brokerage fees. > **Pro Tip:** If you are a high-frequency trader or scalper, platforms like Flattrade, m.Stock, or Sahi will save you thousands monthly. If you are a long-term investor who only buys delivery shares, giants like Zerodha or Groww cost virtually the same because Delivery is free across almost all discount platforms.

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