# Lowest brokerage in India 2026 · 9 Jul
> What ChatGPT, Gemini, and Google AI Mode said about: Lowest brokerage in India 2026. Brands named, sources cited, sentiment per engine on 9 Jul.

Canonical URL: https://cite.solutions/state-of-ai-india/investing-apps/reports/2026-07-09/p/27
Source: Cite Solutions (cite.solutions)
Published: 2026-07-09
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[← Investing Apps · 9 July 2026](/state-of-ai-india/investing-apps/reports/2026-07-09)One prompt · three engines

Prompt 27 · 9 July 2026

# Lowest brokerage in India 2026

Three engines were asked the exact prompt above on 9 July 2026. Below is the verbatim answer each one gave, the brands it named, and the URLs it cited.

ChatGPTgpt-5-5

Answered 9 July 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.

Brands named

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

Sources cited · 4

* [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)
* [Discount broker with zero brokerage | Mirae Assetmstock.com/articles/low-cost-discount-brokerage-in-india](https://www.mstock.com/articles/low-cost-discount-brokerage-in-india?utm%5Fsource=chatgpt.com)
* [Lowest Brokerage Charges for Online Trading in Indiawisdomcapital.in/brokerage-plan](https://wisdomcapital.in/brokerage-plan?utm%5Fsource=chatgpt.com)

Geminigemini-3-flash

Answered 9 July 2026

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?

Brands named

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

Sources cited · 4

* [20+ Best Stock Broker Companies in India in 2026 - Decentrodecentro.tech/blog/stock-broker-companies](https://decentro.tech/blog/stock-broker-companies/)
* [Navia — Zero Brokerage. For Life. | Stocks, F&O, Mutual Funds & IPOsnavia.co.in](https://navia.co.in/#:~:text=Lifetime%20zero%20brokerage%20%C2%B7%20live%20now,free%20account%20in%205%20min)
* [Lowest Brokerage Charges Simplified - 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)
* [Compare Brokerages Charges of Top Stock Brokers in India - Select by Finologyselect.finology.in/broker/brokerage-comparison](https://select.finology.in/broker/brokerage-comparison)

AI ModeGoogle AI Mode

Answered 9 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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