Lowest brokerage in India 2026

In 2026, **India’s lowest brokerage brokers are mostly discount brokers**, and many of them now offer **₹0 delivery brokerage and ₹20 flat intraday/F&O charges**. ### 🥇 Lowest brokerage in India (2026 – real market leaders) Based on latest comparisons: #### 🟢 ₹0 Delivery Brokerage (cheapest overall for long-term investing) These brokers charge **zero brokerage for delivery (buy & hold stocks):** - Zerodha — ₹0 delivery, ₹20/order intraday & F&O - Upstox — ₹0 delivery, ₹20/order intraday/F&O - Angel One — ₹0 delivery, ₹20/order intraday/F&O 👉 These are effectively the **lowest-cost brokers for investors**. --- #### 🟡 ₹20 Flat Fee Brokers (best for active traders) - Groww — ₹20 per order, simple pricing - 5paisa — ₹10–₹20 per order (among lowest for trading) - Dhan — similar flat ₹20 structure (popular with traders) --- #### 🟣 Ultra-low niche broker (cheapest per trade) - SAS Online — around **₹9 per executed order** (one of the lowest in India, but less popular UI/support) --- ### 📊 Simple answer (who is “lowest” overall?) - **Best for investing (₹0 brokerage):** Zerodha / Upstox / Angel One - **Best balance app + cost:** Groww / Dhan - **Absolute lowest per trade (active trading):** SAS Online (~₹9/order) - **Best mainstream cheapest combo:** Zerodha or Upstox (most widely used + stable) --- ### ⚠️ Important reality (many people miss this) Even with “zero brokerage”, you still pay: - STT (government tax) - Exchange charges - GST - DP charges when selling shares So **true cost is never zero**, but broker choice still saves a lot. --- If you want, I can also tell you: 👉 “Best broker for beginners in 2026” 👉 “Best broker for intraday trading” 👉 “Cheapest for options trading specifically”

The landscape for stockbrokers in India has evolved into a tight competition primarily led by discount brokers offering massive savings. If you are looking for the absolute **lowest brokerage in India**, options are generally divided into two main categories: **Flat-Fee Discount Brokers** and **True Zero-Brokerage Brokers**. Here is a breakdown of the cheapest options available: --- ### 1. True Zero-Brokerage Platforms (Absolute Lowest Cost) These brokers offer a completely zero-brokerage model across all segments, usually generating revenue from hidden tech services, account maintenance, or premium add-ons rather than individual trades. * **Flattrade:** Offers completely **₹0 brokerage** across all segments including Equity Delivery, Intraday, Futures, and Options (F&O) forever. It also features a lifetime free Demat account with zero annual maintenance charges (AMC). * **m.Stock (by Mirae Asset):** Offers a lifetime zero-brokerage account across all segments (Delivery, Intraday, F&O) for a one-time upfront subscription fee (typically around ₹999). ### 2. Industry Leaders: Flat ₹20 Discount Brokers These are the most popular tech-first platforms. While they don't charge anything for long-term investments (Delivery), they charge a flat, capped fee for trading. | Stock Broker | Equity Delivery Brokerage | Intraday & F&O Brokerage | Notable Features | |:--- |:--- |:--- |:--- | | **Groww** | ₹0 (or 0.1% whichever is lower) | Lower of ₹20 or 0.1% per order | India's largest broker by active users; incredibly simple UI. | | **Zerodha** | **₹0** (Completely Free) | Lower of ₹20 or 0.03% per order | Highly reliable Kite platform; zero hidden costs; excellent tracking tools. | | **Angel One** | **₹0** | Lower of ₹20 or 0.1% per order | Combines discount pricing with AI-driven advisory and research. | --- ### ⚠️ Important: Look Beyond "Zero Brokerage" When trying to find the absolute cheapest account, "lowest brokerage" doesn't mean "completely free trading." Every single trader in India must pay mandatory regulatory and statutory costs that the broker doesn't control: * **STT (Securities Transaction Tax):** Charged at 0.1% on delivery (buy/sell) and 0.025% on intraday (sell). This is usually the largest component of your bill. * **DP Charges:** Charged by the depository (CDSL/NSDL) and the broker whenever you *sell* shares from your Demat account (usually ranges between ₹13 to ₹20 per company per day). * **GST:** 18% applied on the brokerage amount and exchange transaction charges. * **Slippage:** A broker with poor execution speed might save you ₹20 in brokerage but lose you ₹200 because your trade executed late. Opt for highly reliable servers like Zerodha or Groww if you are trading volatile segments like Options.

As of June 2026, the lowest brokerage in India is dominated by discount brokers offering flat-fee models, with some offering zero-brokerage plans. The top choices for low-cost trading based on 2026 data include, Groww, Zerodha, and. **Top Low Brokerage Firms 2026** - **m.Stock (by Mirae Asset):** Known for offering zero brokerage plans for equity, F&O, and intraday, often charging only a minimal flat fee (around ₹10 in some plans). - **Groww:** Currently leading in active clients in 2026, it offers a simple pricing structure with zero charges on equity delivery and a flat rate on intraday. - **Zerodha:** Remains a top contender for the lowest fees, with zero brokerage on equity delivery and a maximum of ₹20 or 0.03% per executed order for intraday/F&O. - **Dhan:** Offers zero brokerage on equity delivery and a flat ₹20 fee for intraday and F&O, aimed at traders needing fast execution. - **Angel One & Upstox:** Provide competitive flat-fee structures similar to Zerodha, focusing on high-volume traders. **Key Considerations for 2026** - **Flat Fee vs. Percentage:** Most brokers charge a flat fee (e.g., ₹20) instead of a percentage, which benefits high-volume traders. - **Hidden Costs:** While brokerage is low, remember to calculate STT, SEBI turnover fees, stamp duty, and GST, which are standard across all platforms. - **Platform Fees:** Some brokers, such as m.Stock, offer zero brokerage for life with a one-time account opening fee. Would you like me to compare: - The **exact brokerage charges** for intraday vs. delivery? - **Account opening fees**? - **App features** and user experience? Let me know which is most important to you!