# Lowest brokerage in India 2026 · 8 Jul
> What ChatGPT, Gemini, and Google AI Mode said about: Lowest brokerage in India 2026. Brands named, sources cited, sentiment per engine on 8 Jul.

Canonical URL: https://cite.solutions/state-of-ai-india/investing-apps/reports/2026-07-08/p/27
Source: Cite Solutions (cite.solutions)
Published: 2026-07-08
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[← Investing Apps · 8 July 2026](/state-of-ai-india/investing-apps/reports/2026-07-08)One prompt · three engines

Prompt 27 · 8 July 2026

# Lowest brokerage in India 2026

Three engines were asked the exact prompt above on 8 July 2026. Below is the verbatim answer each one gave, the brands it named, and the URLs it cited.

ChatGPTgpt-5-5

Answered 8 July 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.

Brands named

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

Sources cited · 6

* [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)
* [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)
* [Zerodhaen.wikipedia.org/wiki/Zerodha](https://en.wikipedia.org/wiki/Zerodha?utm%5Fsource=chatgpt.com)
* [Top 10 best Stock Brokers in India 2026 by NSE active clientsdhan.co/blog/news/top-10-best-stock-brokers-in-india](https://dhan.co/blog/news/top-10-best-stock-brokers-in-india/?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)
* [Top Discount Brokers in India with the Best Trading Platforms in 2025vocal.media/chapters/top-discount-brokers-in-india-with-the-best-trading-platforms-in-2025](https://vocal.media/chapters/top-discount-brokers-in-india-with-the-best-trading-platforms-in-2025?utm%5Fsource=chatgpt.com)

Geminigemini-3-flash

Answered 8 July 2026

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.

Brands named

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

Sources cited · 3

* [Brokerage Charges & Pricing - Growwgroww.in/pricing](https://groww.in/pricing#:~:text=START%20INVESTING)
* [Brokerage Charges & Pricing - Growwgroww.in/pricing](https://groww.in/pricing)
* [Zerodha brokerage charges, fees & taxes on trading and investingzerodha.com/charges](https://zerodha.com/charges/)

AI ModeGoogle AI Mode

Answered 8 July 2026

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)\*\*.

Brands named

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

Sources cited · 7

* [blog / low brokerage demat accountjainam.in/blog/low-brokerage-demat-account](https://www.jainam.in/blog/low-brokerage-demat-account/)
* [Flattradeflattrade.in](https://flattrade.in/)
* [m.Stock by Mirae Assetmstock.com/articles/low-cost-discount-brokerage-in-india](https://www.mstock.com/articles/low-cost-discount-brokerage-in-india)
* [Stoxkartstoxkart.com/pricing](https://www.stoxkart.com/pricing)
* [Angel Oneangelone.in/knowledge-center/demat-account/lowest-brokerage-option-in-india](https://www.angelone.in/knowledge-center/demat-account/lowest-brokerage-option-in-india)
* [Dhandhan.co/pricing](https://dhan.co/pricing/)
* [lowest brokerage charges in indiaequitylogy.in/lowest-brokerage-charges-in-india](https://equitylogy.in/lowest-brokerage-charges-in-india/)

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