Lowest brokerage in India 2026

If your priority is **the lowest brokerage** in India in 2026, these are among the most competitive options: | Broker | Equity Delivery | Intraday / F&O | |--------|-----------------|----------------| | **Wisdom Capital** | ₹0 | Plans starting around ₹9/order or unlimited brokerage plans depending on the plan chosen. | | **5paisa** | ₹0 | ₹10/order (selected plans). | | **Zerodha** | ₹0 | ₹20/order or 0.03%, whichever is lower. | | **Groww** | ₹0 | ₹20/order (or 0.1%, whichever is lower in some segments). | | **Upstox** | ₹0 | ₹20/order. | | **Angel One** | ₹0 | ₹20/order. | ### Which is best? - **Lowest cost for active traders:** Wisdom Capital (depending on the brokerage plan). - **Best value overall:** Zerodha (excellent platform, stable execution, transparent pricing). - **Best for beginners:** Groww (simple interface). - **Lowest flat brokerage:** 5paisa (₹10 plans). Keep in mind that brokerage is only one part of trading costs. You'll also pay exchange transaction charges, GST, SEBI fees, stamp duty, and DP charges where applicable. If you mainly trade **F&O**, **intraday**, or **long-term investing**, I can recommend the most cost-effective broker specifically for that style.

When looking for the lowest brokerage in India, the market is divided into two major types of brokers: **True Zero-Brokerage Brokers** (who charge absolutely ₹0 across segments) and **Standard Flat-Fee Discount Brokers** (who pioneered the flat ₹20 per trade model). The leading platforms offering the lowest brokerage options are broken down below. --- ## 1. True Zero-Brokerage Brokers These platforms charge absolutely zero brokerage across Equity, Intraday, and F&O. They are ideal for high-volume traders and scalpers looking to completely eliminate brokerage fees. | Broker | Equity Delivery | Equity Intraday | Futures & Options (F&O) | Account / AMC Details | |:--- |:--- |:--- |:--- |:--- | | **Flattrade** | **₹0** | **₹0** | **₹0** | ₹0 Account Opening & Lifetime Free AMC | | **Navia** | **₹0** | **₹0** | **₹0** | ₹0 Account Opening & Zero AMC | | **m.Stock** (by Mirae Asset) | **₹0** | **₹0** | **₹0** | Requires a one-time upfront fee of ₹999 for life; otherwise ₹20/order | --- ## 2. Standard Flat-Fee Discount Brokers These are the industry giants. While they charge a flat fee for Intraday and F&O, they offer incredibly robust, stable, and highly rated trading platforms. For long-term investors, their delivery trades are usually completely free. | Broker | Equity Delivery | Equity Intraday | Futures & Options (F&O) | Why Choose Them | |:--- |:--- |:--- |:--- |:--- | | **Zerodha** | **₹0** | Lower of ₹20 or 0.03% | Flat ₹20 per order | India's largest broker; highly stable platform, exceptional charting tools (Kite). | | **Groww** | Lower of ₹20 or 0.1% | Lower of ₹20 or 0.1% | Flat ₹20 per order | Extremely beginner-friendly interface; great all-in-one app for stocks & mutual funds. | | **Angel One / Upstox** | **₹0** | Lower of ₹20 or 0.03% | Flat ₹20 per order | Advanced algo trading tools, powerful APIs, and extensive research insights. | --- > ### ⚠️ The Expert Catch: "Zero Brokerage" ≠ "Free Trading" ### How to choose? * If you are a **frequent intraday or options scalper**, a true zero-brokerage platform like **Flattrade** or **m.Stock** can save you thousands of rupees every month. * If you value **platform stability, speed, and premium technical charts**, paying the flat ₹20 fee to market leaders like **Zerodha** or **Angel One** is often worth it to prevent slippage (losses due to execution delays).

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**?