Lowest brokerage in India 2026

If you're looking for the **lowest brokerage stock broker in India in 2026**, here are some of the most competitive options: | Broker | Equity Delivery | Intraday | F&O | |--------|----------------:|----------:|----:| | **Wisdom Capital** | ₹0 | ₹9/order (or unlimited plans) | ₹9/order or unlimited plans | | **Zerodha** | ₹0 | ₹20/order | ₹20/order | | **Groww** | ₹0 | 0.1% or ₹20 (whichever is lower) | 0.1% or ₹20 | | **Upstox** | ₹0 | ₹20/order | ₹20/order | | **Angel One** | ₹0 | ₹20/order | ₹20/order | | **m.Stock** | ₹0 (selected plans) | Very low/zero brokerage plans available | For most investors: - **Lowest per-order brokerage:** Wisdom Capital (₹9/order or unlimited plans). - **Best overall value:** Zerodha—₹0 equity delivery and ₹20 per executed order for intraday/F&O, with a highly regarded platform. - **Best for beginners:** Groww or Upstox, thanks to simple apps and competitive pricing. Keep in mind that brokerage is only one part of trading costs. You'll also pay statutory charges such as STT, exchange transaction charges, GST, SEBI fees, and stamp duty, regardless of the broker. If your focus is **F&O trading**, **intraday**, or **long-term investing**, I can narrow down the best broker for that specific use case.

When looking for the lowest brokerage in India, stockbrokers are generally divided into two main pricing structures: **Absolutely Zero Brokerage** and the industry-standard **Flat ₹20/order Discount Brokerage**. The current lowest brokerage options in India categorized by their fee structures are detailed below. --- ## 1. True "Zero Brokerage" Platforms (Cheapest Overall) A few newer or specialized platforms have eliminated the standard flat fee entirely, charging **₹0 brokerage across all segments** (Delivery, Intraday, and F&O). * **Flattrade:** Currently offers completely free trading with ₹0 brokerage forever on Equity Delivery, Intraday, Futures, and Options. They also offer zero account opening fees and zero Annual Maintenance Charges (AMC). * **Kotak Neo:** Highly popular among beginners and active traders. It offers a "Neo Freedom" subscription model where intraday trading across all segments is completely free (₹0), though delivery trades may have standard charges depending on the plan. --- ## 2. Industry-Standard Discount Brokers (Flat ₹20/Order) The largest and most heavily used tech-first brokers in India operate on a model where **Equity Delivery is entirely free (₹0)**, but Intraday and F&O trades are capped at a maximum of **₹20 per executed order**. | Broker | Equity Delivery | Intraday Brokerage | F&O Brokerage | Active User Base Note | |:--- |:--- |:--- |:--- |:--- | | **Groww** | ₹0 | Lower of 0.1% or ₹20 | ₹20 per flat trade | India's largest broker by active users. Highly user-friendly for beginners. | | **Zerodha** | ₹0 | Lower of 0.03% or ₹20 | ₹20 per flat trade | The pioneer of discount broking. Renowned for its stable Kite platform and zero spam policy. | | **Angel One** | ₹0 | Lower of 0.1% or ₹20 | ₹20 per flat trade | Frequently runs promotional offers like ₹0 brokerage for the first 30 days. Good for algorithmic/API traders. | | **Dhan** | ₹0 | Lower of 0.03% or ₹20 | ₹20 per flat trade | Popular among active options traders due to advanced charting and fast execution. | --- ## The Catch: "Hidden" Statutory & Operational Fees Even if a broker advertises ₹0 brokerage, you will never pay *absolutely nothing*. Every trade on the NSE or BSE incurs non-broker charges mandated by the government and depositories: * **STT (Securities Transaction Tax):** The heaviest regulatory charge (e.g., 0.1% on delivery buy/sell). * **DP Charges:** Charged by CDSL/NSDL when you **sell** shares from your Demat account for equity delivery. It usually ranges between ₹13.5 to ₹20 per company per day. * **Exchange Transaction Charges:** Charged by the NSE/BSE (approx. 0.00297% to 0.00375%). * **GST:** 18% applied on the accumulated total of the brokerage fee, exchange transaction charges, and DP charges. > **Pro-Tip:** If you are a long-term investor who only buys and holds, choose a broker like **Groww** or **Zerodha** because Equity Delivery is 100% free. If you are a high-volume intraday or options scalper, a platform like **Flattrade** or **Kotak Neo** will save you thousands of rupees in monthly flat fees.

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**?