Lowest brokerage in India 2026

If your priority is **the lowest brokerage cost** in India in 2026, these are among the most competitive discount brokers: | Broker | Equity Delivery | Intraday | F&O | |--------|----------------:|----------:|-----:| | Wisdom Capital | ₹0 | From ₹9/order (or zero under certain plans) | From ₹9/order or subscription plans | | 5paisa | ₹0 | ₹10/order | ₹10/order (standard plan) | | Zerodha | ₹0 | ₹20/order or 0.03% (whichever is lower) | ₹20/order | | Groww | ₹0 | 0.1% or ₹20 (whichever is lower; minimum ₹5) | ₹20/order | | Upstox | ₹0 | ₹20/order | ₹20/order | | Angel One | ₹0 | ₹20/order | ₹20/order | ### Which is best? - **Lowest brokerage overall:** Wisdom Capital (especially if you trade frequently and can benefit from its subscription/zero-brokerage plans). - **Best value for most traders:** Zerodha—excellent platform, reliability, and transparent pricing. - **Lowest flat fee without subscription:** 5paisa at around ₹10 per order. Keep in mind that brokerage is only part of the trading cost. You'll also pay statutory charges such as exchange transaction fees, STT, GST, SEBI charges, stamp duty, and DP charges where applicable. If you mainly trade **options**, **intraday**, or are a **long-term investor**, I can recommend the most cost-effective broker specifically for that style.

In 2026, the Indian stockbroking landscape is split between **Absolute Zero Brokerage** platforms (who charge nothing across segments, often for a one-time fee) and the **Standard Discount Brokers** (who charge a flat ₹20 fee). The breakdown of the cheapest brokerage options in India categorized by their pricing models includes: --- ## 1. Absolute Zero Brokerage Platforms These brokers offer **₹0 brokerage** across all segments—including Intraday and F&O—usually by shifting to a subscription or one-time onboarding fee model. | Broker | Equity Delivery | Intraday | Futures & Options (F&O) | Key Catch / Model | |:--- |:--- |:--- |:--- |:--- | | **Flattrade** | ₹0 | ₹0 | ₹0 | Completely free; standard statutory charges apply. | | **m.Stock** (by Mirae Asset) | ₹0 | ₹0 | ₹0 | Requires a one-time account opening fee (~₹999) for lifetime zero brokerage. | | **Kotak Neo** | ₹0 | ₹0 | ₹0 (for youth) | Free intraday. Under their "Youth Plan" (under 30), F&O is also free. | | **Navia** | ₹0 | ₹0 | ₹0 | True zero brokerage model across all segments. | --- ## 2. Industry Leaders: Standard Flat ₹20 Discount Brokers If platform stability, heavy trading volume, and advanced ecosystem tools matter more to you than saving the last ₹20, these market giants offer the benchmark flat-fee pricing. | Broker | Equity Delivery | Intraday | Futures & Options (F&O) | |:--- |:--- |:--- |:--- | | **Zerodha** | ₹0 | Lower of ₹20 or 0.03% | Flat ₹20 per executed order | | **Groww** | Lower of ₹20 or 0.05% | Lower of ₹20 or 0.05% | Flat ₹20 per executed order | | **Angel One** | ₹0 | Lower of ₹20 or 0.03% | Flat ₹20 per executed order | | **Dhan** | ₹0 | Lower of ₹20 or 0.03% | Flat ₹20 per executed order (₹10 for women) | --- ## 💡 The "Hidden Costs" Check "Zero Brokerage" does not mean "Zero Tax." Regardless of which broker you choose, you will always have to pay government-mandated **statutory charges**, which often make up the bulk of your transaction costs: * **STT/CTT** (Securities/Commodities Transaction Tax) * **Exchange Transaction Charges** * **SEBI Turnover Fees** * **Stamp Duty** * **GST** (18% on the sum of brokerage + exchange charges) * **DP (Depository Participant) Charges:** Usually ₹13.5 to ₹20 per company, charged only when you *sell* shares from your Demat account. > **Pro-Tip:** If you are a long-term investor who only buys and holds (Equity Delivery), giants like **Zerodha, Dhan, and Angel One** are effectively free anyway. If you are a high-frequency Intraday or F&O trader, switching to a platform like **Flattrade** or **m.Stock** can save you thousands in brokerage over a year. Are you looking for a broker primarily for long-term investing, or are you planning on frequent intraday and F&O trading?

In **2026**, the stockbroking landscape in India is divided between **True Zero-Brokerage Brokers** (who charge absolute zero across all or most segments) and **Flat-Fee Discount Brokers** (who charge a maximum of ₹20 per trade). If your goal is to find the absolute lowest cost, apps like ****, **Shoonya**, and **m.Stock** lead the market with zero-brokerage models, while mainstream platforms like **Groww** and **Zerodha** offer standard flat discount structures. 1. Absolute Zero Brokerage Platforms These stockbrokers do not charge commissions on trades. However, some may require a one-time onboarding fee to unlock lifetime free trading. - **Flattrade**: Offers absolute **₹0 brokerage** across all major segments including Equity Delivery, Intraday, Futures, and Options without any recurring monthly charges. - **Shoonya (by Finvasia)**: A long-standing **100% zero-brokerage platform** with no clearing fees, no brokerage, and no account maintenance fees (AMC) across all segments. - **m.Stock (by Mirae Asset)**: Provides a **Lifetime Zero Brokerage plan** for a one-time onboarding fee of ₹999. If you do not opt for this upfront plan, it charges a low flat fee of ₹20 per trade. 2. Standard Flat-Fee Discount Brokers (Market Leaders) These platforms dominate the industry by active user base. They charge a maximum of ₹20 per executed order, and most offer completely free Equity Delivery. | Stock Broker | Equity Delivery | Equity Intraday | Futures & Options (F&O) | |---|---|---|---| | **** | **₹0 (Free)** | Lower of ₹20 or 0.03% | Flat ₹20 per order | | **** | Lower of ₹20 or 0.05% | Lower of ₹20 or 0.05% | Flat ₹20 per order | | **** | Flat ₹20 or 0.1% | Lower of ₹20 or 0.03% | Flat ₹20 per order | | **** | **₹0 (Free)** | Lower of ₹20 or 0.05% | Flat ₹20 per order | | **** | **₹0 (Free)** | Lower of ₹20 or 0.03% | Flat ₹20 per order | Important Cost Considerations Beyond Brokerage When looking for the cheapest option, remember that "zero brokerage" does not mean entirely free trading. You are still legally required to pay government and regulatory statutory taxes across all brokers: - **Securities Transaction Tax (STT):** Charged on both buy and sell sides for delivery, and only on the sell side for intraday. - **DP (Depository Participant) Charges:** Levied per debit transaction from your Demat account on Equity Delivery days (usually around ₹13.5 to ₹20 + GST). - **Other Regulatory Fees:** Standard charges include SEBI turnover fees, exchange transaction charges, Stamp Duty, and 18% GST on the cumulative total of your transaction fees. If you would like to narrow this down, please let me know: - Your primary trading style (**long-term investing** or **frequent intraday/F&O trading**)? - Your preference between a **completely free interface** or paying a **one-time fee** for advanced platform tools?