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 from ₹9/order, with some subscription plans offering zero brokerage in selected segments | | **5paisa** | ₹10/order (plan-dependent) | ₹10/order | | **Groww** | ₹0 | ₹20 or 0.1% (whichever is lower) per order | | **Zerodha** | ₹0 | ₹20 or 0.03% (whichever is lower) per executed order | | **Upstox** | ₹0 | ₹20/order | | **Angel One** | ₹0 (promotional terms may apply) | ₹20/order | ### Which is best? - **Lowest possible brokerage:** Wisdom Capital (especially for high-volume traders using its subscription plans). - **Best overall for most traders:** Zerodha (strong platform and transparent pricing). - **Best for beginners:** Groww (simple interface, free equity delivery). - **Best value if you trade frequently:** 5paisa (₹10/order plans). 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 you mainly trade **options**, **intraday**, or are a **long-term investor**, I can recommend the most cost-effective broker specifically for your trading style.

In 2026, the Indian stockbroking landscape is heavily dominated by discount brokers offering ultra-low or flat-fee models. When looking for the lowest brokerage, the market is primarily divided into **True Zero-Brokerage Platforms** (no fee across segments) and **Flat ₹20/Order Discount Brokers** (the industry benchmark). Here is a breakdown of the lowest brokerage options in India for 2026: ## 1. Absolute Zero-Brokerage Platforms These brokers have disrupted the market by eliminating the standard per-trade fee entirely across major segments like Equity, F&O, and Commodities. * **Flattrade:** Offers **₹0 brokerage forever** across all segments including Equity Delivery, Intraday, F&O, Currency, and Commodities. They also feature ₹0 Demat Annual Maintenance Charges (AMC), making them one of the absolute cheapest options for high-frequency traders. * **m.Stock (by Mirae Asset):** Offers a lifetime zero-brokerage plan across all segments (including Intraday and F&O) for a one-time upfront account opening fee. (Alternatively, they offer a flat ₹10 per order plan). * **Shoonya (by Finvasia):** A well-known player in the zero-brokerage ecosystem that charges ₹0 for trading across all segments with no hidden platform fees. --- ## 2. Market Leaders (Flat ₹20 Discount Model) The most popular and highly stable platforms in India use the "Free Delivery + Flat ₹20 Intraday/F&O" pricing structure. While not completely free for intraday, they offer institutional-grade platform stability and execution speed. | Broker | Equity Delivery | Equity Intraday | Futures & Options (F&O) | |:--- |:--- |:--- |:--- | | **Groww** (India's largest by active users) | Free (₹0) | Lower of ₹20 or 0.1% per order | Flat ₹20 per executed order | | **Zerodha** (Pioneer of discount broking) | Free (₹0) | Lower of ₹20 or 0.03% per order | Flat ₹20 per executed order | | **Angel One** | Free (₹0) | Lower of ₹20 or 0.1% per order | Flat ₹20 per executed order | --- ## ⚠️ Crucial: The "Hidden" Costs Beyond Brokerage Even if a broker advertises "Zero Brokerage," you will still have to pay Government and Statutory charges mandatory by SEBI and the exchanges. When calculating your total trading costs, always account for: * **STT (Securities Transaction Tax):** 0.1% on Buy/Sell for Delivery; 0.025% on Sell for Intraday. * **DP (Depository Participant) Charges:** Charged only when you **sell** shares from your Demat account (usually ranges between ₹13.5 to ₹20 + GST per company per day). * **Exchange Transaction Charges & SEBI Turnover Fees:** Fractions of a percentage charged by NSE/BSE. * **GST:** 18% applied on the brokerage amount, DP charges, and exchange transaction fees. * **Auto Square-Off / Call & Trade Fees:** If you leave an intraday position open and the broker's system automatically closes it for you, most platforms charge an extra fee (often ₹20 to ₹50 per position). ### The Verdict If you are a **long-term investor** who only buys and holds (Equity Delivery), **Groww, Zerodha, and Angel One** are practically free. If you are an **aggressive intraday or options trader** looking to save every rupee on heavy volumes, platforms like **Flattrade** or **m.Stock's lifetime plan** will yield the highest cost savings.

The **lowest brokerage structures in India** are offered by 100% "true zero-brokerage" platforms like **** and ****, which completely waive transaction commissions across all segments. Following closely are market leaders like **Zerodha** and **Groww**, which levy zero fees for long-term equity deliveries but implement a flat, industry-standard cap of **₹20 per trade** for intraday and derivatives. Lowest Brokerage Comparison (Top Discount Brokers) | Stock Broker | Equity Delivery Brokerage | Intraday / F&O Brokerage | Account Maintenance (AMC) | |---|---|---|---| | **m.Stock** | **₹0** | **₹0** (with ₹999 paid plan) | **₹0** (with upfront fee) | | **Flattrade** | **₹0** | **₹0** (no hidden conditions) | **₹0** (Lifetime Free) | | **Zerodha** | **₹0** | Flat ₹20 or 0.03% (lower) | ~₹300 / year | | **Groww** | ₹20 or 0.05% (lower) | Flat ₹20 or 0.05% (lower) | **₹0** (Lifetime Free) | | **** | **₹0** | Flat ₹20 | **₹0** (Lifetime Free) | | **Angel One** | **₹0** (after first 30 days) | Flat ₹20 or 0.03% (lower) | ~₹240 / year | | **Upstox** | Flat ₹20 or 2.5% | Flat ₹20 or 0.05% (lower) | Small plan-based fee | Key Categories Breakdown 1. True Absolute Zero Brokers - **Flattrade**: Charges **zero brokerage** across all segments including Options, Futures, and Intraday forever, without requiring a massive one-time activation premium. - **m.Stock by Mirae Asset**: Requires a one-time onboarding payment of ₹999 to unlock **free lifetime trading** on all intraday, delivery, and F&O positions. 2. Free Delivery Giants (Best for Long-Term Investors) - **Zerodha**: Zero brokerage on equity investments. Best for users demanding high-reliability charting architecture via their Kite application. - **Dhan**: Free equity delivery execution combined with premium access to TradingView features at zero extra charge. 3. Low-Cost Beginner Platforms - **Groww**: Though it charges a micro-percentage for deliveries (up to ₹20), it remains highly popular for its minimalist user interface and **zero annual maintenance fees**. Critical Warnings Regarding Hidden Charges Even with a "Zero Brokerage" tag, every trade is subject to mandatory **statutory government taxes** that no broker can waive: - **Securities Transaction Tax (STT)**: 0.1% on equity delivery trades (both buy and sell side). - **DP Charges**: Charged when selling shares from your Demat account (typically ranges between ₹13.5 to ₹20 + GST per company per day). - **Other Levies**: 18% GST on the accrued brokerage/exchange fees, SEBI turnover charges, and state stamp duties. To pick the exact right platform, tell me about your typical trading habits: - Are you a **long-term investor** or an **active intraday/F&O trader**? - Do you prefer a **completely free app** or are you willing to pay a **one-time subscription fee** for zero commissions?