Lowest brokerage in India 2026

If you're looking for the **lowest brokerage stock broker in India (2026)**, these are among the most competitive options: | Broker | Equity Delivery | Intraday | F&O | |--------|-----------------|-----------|------| | Wisdom Capital | ₹0 | ₹9/order | ₹9/order (or unlimited plans) | | Zerodha | ₹0 | ₹20/order or 0.03% (lower applies) | ₹20/order | | Groww | ₹0 | ₹20/order or 0.1% (minimum ₹5) | ₹20/order | | Upstox | ₹0 | ₹20/order | ₹20/order | | Angel One | ₹0 | ₹20/order | ₹20/order | | 5paisa | ₹0 | ₹10/order (selected plans) | ₹10/order (selected plans) | ### Which is best? - **Absolute lowest brokerage:** Wisdom Capital (₹9 per order, with some zero-brokerage subscription plans). - **Best overall for most traders:** Zerodha (excellent platform, transparent pricing). - **Best for beginners:** Groww or Upstox (easy-to-use apps). - **Lowest-cost active trading:** 5paisa if its plan suits your trading volume. Keep in mind that **brokerage is only one part of trading costs**. You'll also pay statutory charges such as exchange transaction fees, SEBI charges, GST, stamp duty, and STT, regardless of the broker. If your priority is **F&O trading**, I can also compare brokers based on the **total cost per lot**, which is often more useful than comparing brokerage alone.

The brokerage landscape in India has evolved into highly competitive models, categorized into **true zero-brokerage platforms** (subscription or completely free) and **flat-fee discount brokers** (charging a maximum of ₹20 per trade). Here is the breakdown of the options offering the lowest brokerage in India. --- ## 1. Absolute "Zero Brokerage" Platforms These brokers do not charge any brokerage fees across core segments like Equity Delivery, Intraday, and F&O. They usually make money via one-time onboarding fees, premium tools, or interest on Margin Trading Facility (MTF). | Broker | Delivery Fee | Intraday Fee | F&O Fee | Account Maintenance (AMC) | Special Note | |:--- |:--- |:--- |:--- |:--- |:--- | | **Flattrade** | ₹0 | ₹0 | ₹0 | ₹0 | Completely free across all major segments without upfront fees. | | **m.Stock** (by Mirae Asset) | ₹0 | ₹0 | ₹0 | ₹0 (If paid upfront) | Requires a one-time onboarding fee (~₹999) for lifetime zero brokerage across all segments. | | **Navia** | ₹0 | ₹0 | ₹0 | ₹0 | Offers lifetime zero brokerage across all trading segments. | | **Kotak Neo** | ₹0 | ₹0 | ₹0 (under 30) | ₹0 | Free delivery and intraday. For F&O, it is free for youth under 30 years old (via the Youth Plan). | --- ## 2. Flat-Fee Discount Brokers (The Big Giants) If you prefer major institutional scale, high platform reliability, and advanced charting tools, the industry standard is the flat **₹20 per executed order** model. Notably, these platforms charge **₹0 for Equity Delivery**. | Broker | Equity Delivery | Intraday / F&O | Key Highlights | |:--- |:--- |:--- |:--- | | **Groww** | ₹0 | Lower of ₹20 or 0.1% | Currently India's largest broker by active user base. Clean, beginner-friendly interface. | | **Zerodha** | ₹0 | Lower of ₹20 or 0.03% | The pioneer of discount broking. Highly reliable "Kite" platform with zero spam/gamification. | | **Angel One** | ₹0 | Lower of ₹20 or 0.25% | Great integration of AI-driven data, portfolio advisory, and automated algo-trading (SmartAPI). | | **Dhan** | ₹0 | ₹20 flat | Highly optimized for hardcore option traders with custom built-in strategy builders. | --- ### ⚠️ The Catch: Regulatory & Statutory Charges While a broker can waive *their* brokerage fee down to ₹0, no broker can waive government and exchange taxes. Whenever you trade, you will still have to pay: * **STT (Securities Transaction Tax):** 0.1% on delivery (buy/sell) and 0.025% on intraday (sell). * **Exchange Transaction Charges:** Charged by NSE/BSE. * **DP (Depository Participant) Charges:** Usually ₹13.5 to ₹18.5 + GST per company, charged only when you *sell* shares from your Demat holding. * **GST:** 18% applied on the brokerage, exchange charges, and DP charges. ### Which one should you choose? * **For High-Volume Intraday & F&O Traders:** Look at **Flattrade** or **m.Stock** to save thousands in cumulative ₹20 order fees. * **For Long-Term Investors:** **Zerodha** or **Groww** are incredibly safe and user-friendly, as equity delivery is free anyway.

The **lowest brokerage options in India for 2026** are offered by **discount brokers providing absolute zero-brokerage models** across various segments, or a **flat fee of ₹20 per trade**. The industry features three main pricing tiers: **Zero Brokerage Brokers** (completely free trading models), **Flat ₹20 Discount Brokers** (industry-standard budget models), and **Traditional Full-Service Brokers** (higher volume-based percentage pricing). Top 10 Lowest Brokerage Demat Accounts (Compared) The following table presents a structured breakdown of the most cost-effective stock brokers operating in India as of 2026: | Broker | Equity Delivery Brokerage | Intraday & F&O Brokerage | Highlight Feature | |---|---|---|---| | **** | **₹0 (Free)** | **₹0 (Free)** | 100% zero brokerage across all segments. | | **** | **₹0 (Free)** | **₹0 (Free)** | Zero brokerage for life via a one-time upfront fee. | | **Shoonya by Finvasia** | **₹0 (Free)** | **₹0 (Free)** | Zero trading fees and free algorithmic trading APIs. | | **** | **₹0 (Free)** | **₹0 (Free)** | Zero brokerage pricing framework. | | **Zerodha** | **₹0 (Free)** | **Flat ₹20** or 0.03% (lower) | Largest ecosystem with clean interface and tools. | | **Groww** | **₹0 (Free)** | **Flat ₹20** or 0.05% (lower) | India's largest broker by active client volume. | | **** | **₹0 (Free)** | **Flat ₹20** or 0.1% (lower) | Modernized full-service tools at discount prices. | | **** | **₹0 (Free)** | **Flat ₹20** | Highly optimized interface built specifically for traders. | | **Upstox** | **₹0 (Free)** | **Flat ₹20** or 0.05% (lower) | Fast technology infrastructure with strong charting tools. | | **5Paisa** | Flat ₹20 | **Flat ₹20** | Uniform pricing tier suited for heavy volume traders. | Hidden Costs to Keep in Mind Even if a platform claims to have **₹0 brokerage**, you are still required by Indian regulations to pay mandatory, non-negotiable statutory fees on every transaction: - **Securities Transaction Tax (STT)**: 0.1% on delivery (both buy and sell), and 0.025% on intraday (sell side only). - **Demat DP Charges**: A flat transaction fee (usually ₹13.5 to ₹20 + GST) charged by the depositaries (CDSL/NSDL) and the broker every time you sell shares from your delivery holdings. - **Exchange Transaction Charges**: Fees charged directly by the **NSE or BSE** to clear your trades. - **GST**: A standard 18% tax calculated on the combined value of your brokerage and exchange transaction charges. Which Broker Type is Best For You? - **For Long-Term Delivery Investors**: Choose mainstream platforms like **Groww**, **Zerodha**, or **Dhan**. They charge a **₹0 brokerage fee for equity delivery holdings** while offering highly reliable server uptime. - **For Active Intraday and F&O Traders**: Look into absolute zero-brokerage apps like **Flattrade** or **m.Stock**. Saving ₹40 per round-trip trade will significantly improve your overall profit margins. To help tailor a recommendation, what **segments** do you trade most (e.g., Equity Delivery, Intraday, or Options)? Also, let me know if your monthly **trading volume** is high or if you prefer a platform with **zero Annual Maintenance Charges (AMC)**.