Lowest brokerage in India 2026

If your priority is **the lowest brokerage cost** in India in 2026, these discount brokers are among the most competitive: | Broker | Equity Delivery | Intraday | F&O | |--------|----------------:|----------:|-----:| | **5paisa** | ₹0 | ₹10/order (on standard plans) | ₹10/order | | **Wisdom Capital** | ₹0 | From ₹9/order | From ₹9/order | | **Zerodha** | ₹0 | ₹20/order or 0.03% (whichever is lower) | ₹20/order | | **Groww** | ₹0 | ₹20/order or 0.1% (whichever is lower) | ₹20/order | | **Upstox** | ₹0 | ₹20/order | ₹20/order | | **Angel One** | ₹0 (for eligible delivery trades) | ₹20/order | ₹20/order | ### Best choice based on your style - **Lowest brokerage overall:** Wisdom Capital (₹9/order plans) - **Best for beginners:** Groww - **Best all-round platform:** Zerodha - **Best value with research tools:** Angel One - **Lowest flat-fee option:** 5paisa (₹10/order on standard plans) Keep in mind that brokerage is only part of the total cost. Also compare: - Demat AMC (annual maintenance) - DP charges for selling delivery shares - Platform or subscription fees - Margin interest (if applicable) - Order execution quality and reliability If you're mainly a **long-term investor**, zero-brokerage equity delivery (offered by several discount brokers) often matters more than intraday charges. If you're an **active intraday or F&O trader**, even a ₹10 vs ₹20 per order difference can significantly reduce trading costs over time.

The Indian stockbroking space features highly competitive fee structures, driven heavily by flat-fee and absolute zero-brokerage models. If you are trying to minimize trading costs, brokers generally fall into two primary low-cost categories: **True Zero-Brokerage Platforms** and **Flat ₹20 Discount Platforms.** A breakdown of the lowest brokerage options in India highlights the leading choices: --- ## 1. Absolute Zero-Brokerage Brokers These platforms charge ₹0 brokerage across almost all trading segments (Delivery, Intraday, and F&O). They are highly favored by high-volume scalpers and retail traders looking to completely eliminate the broker's cut. * **Flattrade:** Offers completely free trading with ₹0 brokerage forever across Equity Delivery, Intraday, F&O, Commodities, and Currency. They also feature a lifetime free Demat account with no Annual Maintenance Charges (AMC). * **mStock (by Mirae Asset):** Known for its one-time fee model. By paying a lifetime subscription upfront (around ₹999), you get ₹0 brokerage across all segments for life. * **Shoonya (by Finvasia):** A well-known pioneer of the zero-brokerage, zero-clearing-fee model across all segments. --- ## 2. Standard Discount Brokers (Flat ₹20/Trade) These market giants do not charge for long-term investing (Equity Delivery) but levy a small flat fee for Intraday and F&O. They are highly popular due to their superior tech infrastructure, fast execution speeds, and server stability. * **Groww (India's largest broker by active users):** * **Equity Delivery:** ₹0 or 0.1% (whichever is lower). * * **Intraday & F&O:** Flat ₹20 per executed order. * **Direct Mutual Funds:** ₹0 brokerage. * **Zerodha (The industry pioneer):** * * **Equity Delivery & Direct Mutual Funds:** ₹0 brokerage. * **Intraday & F&O:** Lower of ₹20 or 0.03% per executed order. * **Angel One:** * * **Equity Delivery:** ₹0 brokerage. * **Intraday & F&O:** Flat ₹20 or 0.1% (whichever is lower) per order. --- ## 📊 Quick Comparison Checklist | Feature / Fee | True Zero Brokers (e.g., Flattrade) | Discount Market Leaders (e.g., Groww, Zerodha) | |:--- |:--- |:--- | | **Equity Delivery** | ₹0 | ₹0 | | **Intraday Trading** | ₹0 | Flat ₹20 per order | | **Futures & Options** | ₹0 | Flat ₹20 per order | | **Best For** | High-frequency scalpers looking to save every rupee | Traders who prioritize premium charting, app uptime, and advanced tools | --- ## ⚠️ Important Factors Beyond "Zero Brokerage" When hunting for the lowest cost, remember that "zero brokerage" does not mean entirely free trading. Keep an eye out for these additional costs: 1. **Statutory Charges (Non-negotiable):** Every broker must charge government-mandated fees like Securities Transaction Tax (**STT**), GST (18% on brokerage + exchange fees), SEBI turnover fees, Stamp Duty, and Exchange Transaction charges. 2. **DP Charges:** When selling shares from your demat account (Delivery), depository participants (CDSL/NSDL) charge roughly ₹13.5 to ₹20 per company per day, regardless of your broker. 3. **Slippage Cost:** If a free platform has slower execution servers, a slight delay in your order execution could cost you far more than a ₹20 brokerage fee. Always test platform stability with smaller volumes first.

The lowest brokerage in India is offered by zero-brokerage discount brokers like **** and **Shoonya by Finvasia**, which charge **₹0 brokerage** across all segments including Equity Delivery, Intraday, and F&O. For mainstream, highly-rated platforms, the industry standard is dominated by discount brokers charging **₹0 for Equity Delivery** and a flat **₹20 per executed order** for Intraday and F&O. The lowest brokerage options are grouped below by their fee structures. Absolute Zero-Brokerage Platforms These brokers do not charge any trading commission, making them the absolute cheapest options for high-volume traders. - **Flattrade**: - Charges ₹0 for Equity Delivery. - Charges ₹0 for Intraday and F&O trades. - **Shoonya by Finvasia**: - Charges ₹0 across all trading segments. - Provides zero annual maintenance charges (AMC). - ****: - Offers a lifetime ₹0 brokerage plan for a one-time upfront fee. - Otherwise charges a low rate of ₹10 per trade. Standard Flat-Fee Discount Brokers (₹20/Trade) These market-leading platforms charge no fee for long-term investments and cap their trading fee at ₹20 per trade. This remains the most economical option for large order sizes. | Stock Broker | Equity Delivery | Intraday & F&O Brokerage | Key Features | |---|---|---|---| | **Groww** | ₹0 (Free) | Flat ₹20 or 0.05% (whichever is lower) | India's largest broker, beginner-friendly interface, zero AMC. | | **Zerodha** | ₹0 (Free) | Flat ₹20 or 0.03% (whichever is lower) | Market pioneer, advanced charting tools, robust tracking features. | | **** | ₹0 (Free) | Flat ₹20 or 0.1% (whichever is lower) | Advanced advisory features with full digital execution capabilities. | | **** | ₹0 (Free) | Flat ₹20 per executed order | Built specifically for active super-traders with lightning-fast APIs. | | **Upstox** | ₹0 (Free) | Flat ₹20 or 0.05% (whichever is lower) | Premium analytical software tailored for millennial investors. | Crucial Hidden Costs to Consider Even with a "zero brokerage" account, you cannot trade completely for free. Every investor must pay government-mandated statutory fees: - **Securities Transaction Tax (STT)**: 0.1% on equity delivery transactions (both buy and sell). - **DP Charges**: A fee of roughly ₹13.5 to ₹20 + GST per company, charged by depository participants only when you sell delivery shares. - **Exchange & Regulatory Fees**: Small percentage fees charged by the NSE and BSE, along with 18% GST on the cumulative brokerage and exchange overheads. If you would like to narrow down your choices, let me know: - Your primary **trading style** (long-term investing, intraday, or options)? - Your expected monthly **trading volume**? - If you require premium features like **api trading or advanced charting**?