If you're looking for the **best zero-brokerage / low-cost trading app in India in 2026**, the top choices are: | Feature | Dhan | Zerodha | Groww | Upstox | |----------|----------|----------|----------|----------| | Equity delivery brokerage | ₹0 | ₹0 | ₹0–₹20 (plan-dependent) | Varies by plan | | AMC | ₹0 | ₹300/year | ₹0 | ₹150–300/year | | Trading brokerage | ₹20/order | ₹20/order | ₹20/order | ₹20/order | | Best for | Active traders | Long-term investors & traders | Beginners | Budget traders | | App experience | Advanced | Excellent | Simplest | Good | Sources comparing 2026 brokerage structures and features consistently place Zerodha, Groww, Upstox, and Dhan among the leading discount brokers. ### My ranking for 2026 **1. Dhan — Best overall value** - Zero AMC - Zero delivery brokerage - Strong charting and trader-focused tools - Popular among active traders and F&O users - Community reviews frequently rate it highly for combining low costs with advanced features. **2. Zerodha — Most trusted** - India's largest retail broker by active clients - Excellent Kite platform - ₹0 delivery brokerage - Best ecosystem for serious investors and traders - Only downside is AMC. **3. Groww — Best for beginners** - Very easy-to-use app - Zero AMC - Great for SIPs, mutual funds, and casual investing - Less feature-rich for advanced traders. **4. Upstox — Good budget alternative** - Competitive pricing - Fast platform and API support - Not usually rated as highly as Zerodha for reliability or ecosystem. ### Quick recommendation - **New investor:** Groww - **Long-term investor:** Zerodha - **Active trader / F&O trader:** Dhan - **Lowest overall cost:** Dhan For most people opening a new demat account in 2026, **Dhan and Zerodha are the strongest choices**, with Dhan slightly ahead on costs and Zerodha ahead on maturity and ecosystem.
Sources cited · 5
- Best Discount Brokers India 2026 — Zerodha vs Groww vs Upstox | InvestingPro | InvestingPro Indiainvestingpro.in/demat-accounts/discount
- Honest Broker Review: Dhan vs Zerodha vs Groww vs Shoonya (My Experience)reddit.com/r/IndianStockSpace/comments/1ruzyz5/honest_broker_review_dhan_vs_zerodha_vs_groww_vs
- Best Apps for Stock Trading in India 2026: Features, Char... | InvestingPro Indiainvestingpro.in/articles/best-apps-for-stock-trading-in-india-2026-features-charges-and-reviews
- Zerodha vs Groww vs Upstox 2026: The Honest Comparison (Brokerage, App, Customer Support) | Vitthubvitthub.com/blog/zerodha-vs-groww-vs-upstox-2026
- Groww vs Upstox — Brokerage, MTF Rates & Features Compared (2026) | Downstoxdownstox.com/vs/upstox-vs-groww