# Lowest brokerage in India 2026 · 3 Jul
> What ChatGPT, Gemini, and Google AI Mode said about: Lowest brokerage in India 2026. Brands named, sources cited, sentiment per engine on 3 Jul.

Canonical URL: https://cite.solutions/state-of-ai-india/investing-apps/reports/2026-07-03/p/27
Source: Cite Solutions (cite.solutions)
Published: 2026-07-03
---

[← Investing Apps · 3 July 2026](/state-of-ai-india/investing-apps/reports/2026-07-03)One prompt · three engines

Prompt 27 · 3 July 2026

# Lowest brokerage in India 2026

Three engines were asked the exact prompt above on 3 July 2026. Below is the verbatim answer each one gave, the brands it named, and the URLs it cited.

ChatGPTgpt-5-5

Answered 3 July 2026

If your goal is \*\*the lowest brokerage for active trading in India (2026)\*\*, these are among the most competitive options: | Broker | Equity Delivery | Intraday | F&O | |--------|----------------:|----------:|-----:| | \*\*Wisdom Capital\*\* | ₹0 | ₹9/order (or unlimited plans) | ₹9/order or unlimited plans | | \*\*5paisa\*\* | ₹20/order | ₹10–20/order (plan-dependent) | ₹10–20/order | | \*\*Zerodha\*\* | ₹0 | ₹20/order | ₹20/order | | \*\*Groww\*\* | ₹0 | ₹20/order | ₹20/order | | \*\*Upstox\*\* | ₹0 | ₹20/order | ₹20/order | | \*\*Angel One\*\* | ₹0 | Up to ₹20/order | Up to ₹20/order | ### Best choices by use case - \*\*Lowest overall brokerage:\*\* Wisdom Capital (₹9 per trade or unlimited brokerage plans). - \*\*Best for most traders:\*\* Zerodha (₹0 delivery, ₹20 for intraday/F&O, excellent platform). - \*\*Best value with research/features:\*\* Angel One or Upstox. - \*\*Lowest cost for long-term investing:\*\* Zerodha, Groww, Upstox, and several other discount brokers offer \*\*₹0 brokerage on equity delivery\*\*. Keep in mind that \*\*brokerage isn't the only cost\*\*. You'll still pay statutory charges such as exchange transaction fees, SEBI fees, GST, stamp duty, and STT, regardless of the broker. If you mainly trade \*\*options\*\*, I can also compare the \*\*total cost per lot\*\* (brokerage + exchange charges + taxes) across Zerodha, Dhan, Upstox, Groww, Angel One, and others, which is often more useful than comparing brokerage alone.

Brands named

[5paisa](https://5paisa.com "Visit 5paisa")[Zerodha](https://zerodha.com "Visit Zerodha")[Groww](https://groww.in "Visit Groww")[Upstox](https://upstox.com "Visit Upstox")[Angel One](https://angelone.in "Visit Angel One")[Dhan](https://dhan.co "Visit Dhan")

Sources cited · 4

* [Lowest Brokerage Charges in India 2026 - EquityLogyequitylogy.in/lowest-brokerage-charges-in-india](https://equitylogy.in/lowest-brokerage-charges-in-india/?utm%5Fsource=chatgpt.com)
* [Discount Broker in Indiawisdomcapital.in/which-is-best-discount-broker-in-india](https://wisdomcapital.in/which-is-best-discount-broker-in-india?utm%5Fsource=chatgpt.com)
* [Zerodhaen.wikipedia.org/wiki/Zerodha](https://en.wikipedia.org/wiki/Zerodha?utm%5Fsource=chatgpt.com)
* [Lowest Brokerage Charges Simplifiedangelone.in/knowledge-center/demat-account/lowest-brokerage-option-in-india](https://www.angelone.in/knowledge-center/demat-account/lowest-brokerage-option-in-india?utm%5Fsource=chatgpt.com)

Geminigemini-3-flash

Answered 3 July 2026

In 2026, the retail broking landscape in India is highly competitive, resulting in rock-bottom trading costs for investors and traders. Stockbrokers are primarily classified into \*\*True Zero-Brokerage Brokers\*\* (who charge absolutely no brokerage across all segments) and \*\*Standard Discount Brokers\*\* (who charge zero for long-term investments and a flat ₹20 fee for active trading). A breakdown of the lowest brokerage options in India reveals the leading platforms for 2026\. --- ## 1\. True "Zero Brokerage" Platforms (Cheapest Overall) These brokers have completely eliminated the standard execution fees across all trading segments, including Intraday and Futures & Options (F&O). ### Flattrade \* \*\*Equity Delivery:\*\* ₹0 \* \*\*Intraday & F&O:\*\* ₹0 \* \*\*Account Maintenance Charge (AMC):\*\* ₹0 (Lifetime Free) \* \*\*Best For:\*\* High-volume scalpers and active F&O traders looking to entirely eliminate brokerage. ### Navia \* \*\*Equity Delivery:\*\* ₹0 \* \*\*Intraday & F&O:\*\* ₹0 \* \*\*AMC:\*\* ₹0 \* \*\*Best For:\*\* Budget-conscious traders looking for zero-brokerage trading ecosystem across equities and derivatives. ### Kotak Neo (Youth / Neo Plan) \* \*\*Equity Delivery:\*\* ₹0 \* \*\*Intraday & F&O:\*\* ₹0 (Free for under-30 individuals under specific plans, or a flat fee for others). \* \*\*Best For:\*\* Young traders who want the safety and backing of a major institutional bank without the steep full-service fees. --- ## 2\. Industry-Leading Discount Brokers (Flat ₹20/Trade) These market leaders charge zero for holding long-term investments, but apply a highly predictable flat fee for trading. They are widely preferred due to platform stability, advanced charting tools, and strong execution speeds. | Broker | Equity Delivery | Intraday / F&O | Annual Maintenance (AMC) | Best For | |:--- |:--- |:--- |:--- |:--- | | \*\*Groww\*\* | ₹0 | Lower of ₹20 or 0.1% | ₹0 | Beginners & Mutual Fund investors | | \*\*Dhan\*\* | ₹0 | ₹20 flat (50% off for women) | ₹0 | Options traders (TradingView integration) | | \*\*Zerodha\*\* | ₹0 | ₹20 flat | ₹300 / year | Advanced traders, stability, and tools | | \*\*Angel One\*\* | ₹0 | ₹20 flat | ₹240 / year (1st year free) | Investors seeking research + discount pricing | | \*\*Upstox\*\* | ₹0 | ₹20 flat | ₹150 / year | Active traders needing modern UI | --- ## ⚠️ Important: The "Hidden" Non-Brokerage Charges Even if a broker advertises \*\*₹0 Brokerage\*\*, they cannot waive statutory and government-mandated taxes. When calculating your total cost of trading, always factor in these unavoidable charges: \* \*\*Securities Transaction Tax (STT):\*\* Charged by the government (0.1% on delivery buy/sell; 0.025% on intraday sell). \* \*\*DP (Depository Participant) Charges:\*\* Levied every time you \*\*sell\*\* shares from your Demat account (usually ranges between ₹13.50 to ₹20 per company/ISIN per day, regardless of the broker). \* \*\*Exchange Transaction Charges:\*\* Charged by NSE/BSE (approx. 0.003% to 0.004%). \* \*\*GST:\*\* 18% applied on the total accumulated brokerage, DP charges, and transaction fees. \* \*\*Slippage Cost:\*\* If a "free" broker has buggy software or delayed execution, a fractional price delay can cost you far more than a ₹20 brokerage fee. ### Summary Recommendation \* If your primary goal is \*\*absolute lowest cost\*\* for active trading: Go with \*\*Flattrade\*\* or \*\*Kotak Neo\*\*. \* If your primary goal is \*\*reliability, premium UI, and charting features\*\*: \*\*Groww\*\* (for ease of use), \*\*Dhan\*\* (for features), or \*\*Zerodha\*\* (for stability) remain the safest bets.

Brands named

[Groww](https://groww.in "Visit Groww")[Dhan](https://dhan.co "Visit Dhan")[Zerodha](https://zerodha.com "Visit Zerodha")[Angel One](https://angelone.in "Visit Angel One")[Upstox](https://upstox.com "Visit Upstox")

Sources cited · 4

* [Flattrade: Zero Brokerage Trading App in Indiaflattrade.in](https://flattrade.in/#:~:text=All%20Markets%2C%20One%20Platform,Mutual%20Funds%20%E2%82%B9)
* [Flattrade: Zero Brokerage Trading App in Indiaflattrade.in](https://flattrade.in/)
* [Navia — Zero Brokerage. For Life. | Stocks, F&O, Mutual Funds & IPOsnavia.co.in](https://navia.co.in/)
* [Brokerage Charges & Pricing - Growwgroww.in/pricing](https://groww.in/pricing#:~:text=START%20INVESTING)

AI ModeGoogle AI Mode

Answered 3 July 2026

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?

Brands named

[Zerodha](https://zerodha.com "Visit Zerodha")[Groww](https://groww.in "Visit Groww")[Dhan](https://dhan.co "Visit Dhan")[Angel One](https://angelone.in "Visit Angel One")[Upstox](https://upstox.com "Visit Upstox")

Sources cited · 7

* [m.Stockmstock.com/articles/low-cost-discount-brokerage-in-india](https://www.mstock.com/articles/low-cost-discount-brokerage-in-india)
* [Flattradeflattrade.in](https://flattrade.in/)
* [lowest brokerage charges in indiaequitylogy.in/lowest-brokerage-charges-in-india](https://equitylogy.in/lowest-brokerage-charges-in-india/)
* [Dhandhan.co/pricing](https://dhan.co/pricing/)
* [top stock brokers in india 2026 best stock broking company and top 5 brokerage firmsganeshstock.com/top-stock-brokers-in-india-2026-best-stock-broking-company-and-top-5-brokerage-firms](http://ganeshstock.com/top-stock-brokers-in-india-2026-best-stock-broking-company-and-top-5-brokerage-firms)
* [blog / low brokerage demat accountjainam.in/blog/low-brokerage-demat-account](https://www.jainam.in/blog/low-brokerage-demat-account/)
* [blog / finance / lowest brokerage broker indialemonn.co.in/blog/finance/lowest-brokerage-broker-india](https://lemonn.co.in/blog/finance/lowest-brokerage-broker-india/)

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