Lowest brokerage in India 2026

If you're looking for the **lowest brokerage broker in India in 2026**, these are among the most competitive options: | Broker | Equity Delivery | Intraday / F&O | |--------|-----------------|----------------| | **Zerodha** | ₹0 | ₹20 or 0.03% per order (whichever is lower) | | **Groww** | ₹20 per executed order (free for some ETFs/offerings may vary) | ₹20 per executed order | | **Angel One** | Usually ₹0 on delivery (plan-dependent) | Up to ₹20 per order | | **Dhan** | ₹0 | ₹20 per order | | **Upstox** | ₹0 | ₹20 per order | | **m.Stock (Mirae Asset)** | ₹0 with lifetime brokerage plan (one-time fee) or low-cost plans | ₹0 under eligible lifetime plan | | **Wisdom Capital** | Low fixed plans available | ₹9–₹15–₹20 depending on plan | ### Which is best? - **Lowest ongoing brokerage:** **m.Stock** (if you opt for its lifetime zero-brokerage plan and it suits your trading style). - **Best overall value:** **Zerodha** for reliability, platform quality, and transparent pricing. - **Best for active F&O traders:** **Dhan**, **Zerodha**, and **m.Stock** are popular choices. Keep in mind that **brokerage isn't the only cost**. You'll also pay exchange transaction charges, SEBI fees, GST, stamp duty, and STT/CTT where applicable, regardless of the broker. If your priority is: - **F&O trading** - **Intraday** - **Long-term investing** - **Scalping/high-frequency trading** I can recommend the most cost-effective broker specifically for that use case.

When looking for the lowest brokerage in India, stockbrokers generally fall into two categories: **True Zero-Brokerage Brokers** (who charge absolutely ₹0 across segments) and **Flat-Fee Discount Brokers** (who charge a maximum of ₹20 per trade). Here is the breakdown of the lowest brokerage options available for your trading and investing needs: ## 1. True Zero-Brokerage Brokers These brokers have disrupted the market by eliminating standard trading fees entirely, making them highly popular for high-volume traders. * **Shoonya (by Finvasia):** Truly zero brokerage across all segments—Equity Delivery, Intraday, F&O, and Commodities. They also feature zero Account Opening Charges (AOC) and zero Annual Maintenance Charges (AMC). * **Navia:** Offers a lifetime zero-brokerage model across all trading segments (Stocks, F&O, Commodities) with zero account opening fees and zero AMC. * **m.Stock (by Mirae Asset):** Offers a lifetime zero brokerage plan across all segments (including Intraday and F&O) for a **one-time upfront fee** of ₹999. If you don't opt for the paid plan, standard discount pricing applies. --- ## 2. Industry-Standard Discount Brokers (Flat ₹20/Trade) These market leaders charge nothing for long-term equity investing (Delivery) and cap their intraday/F&O charges at a flat ₹20 per executed order. They are widely preferred for their superior app stability, charting tools, and ecosystems. | Broker | Equity Delivery | Intraday & F&O | Annual Maintenance Charges (AMC) | |:--- |:--- |:--- |:--- | | **Groww** | Lower of ₹20 or 0.05% | Flat ₹20 per order | **₹0 (Free)** | | **Angel One** | ₹0 | Flat ₹20 or 0.03% | ₹240/year (1st year free) | | **Dhan** | ₹0 | Flat ₹20 or 0.03% | **₹0 (Free)** | | **Upstox** | Lower of ₹20 or 2.5% | Flat ₹20 or 0.05% | **₹0 (Free)** | | **Zerodha** | ₹0 | Flat ₹20 or 0.03% | ₹300 + GST / year | --- ## 3. Subscription/Unlimited Trading Plans If you are an active, high-frequency intraday or options trader executing dozens of orders a day, a flat-monthly subscription might save you the most money. * **ProStocks:** Offers an unlimited monthly trading plan at **₹899/month** for Equity and Derivatives, allowing you to execute unlimited trades without paying per-order fees. * **Kotak Neo:** Features a "Youth Plan" (for users under 30) that offers zero brokerage on Intraday and F&O for an annual subscription fee. > ⚠️ **Important Note on "Hidden" Government Charges** Even if a broker advertises "Zero Brokerage," you will **always** have to pay mandatory government taxes and regulatory fees on every transaction. These include **STT** (Securities Transaction Tax), **GST (18%)**, **Stamp Duty**, **Exchange Transaction Charges**, and **DP Charges** (levied by the depository whenever you sell a stock from your demat account). What type of asset class (e.g., long-term stock investing, intraday, or options trading) do you plan on trading the most?

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)**.