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 Brokerage | Best For | |--------|-----------------|-------------------------|-----------| | **m.Stock (Mirae Asset)** | ₹0 | ₹0 with lifetime/paid plans, otherwise low-cost plans | Lowest overall brokerage | | **Zerodha** | ₹0 | ₹20 or 0.03% per order (whichever is lower) | Reliability and ecosystem | | **Groww** | ₹0 | 0.1% or ₹20 (whichever is lower), minimum ₹5 | Beginners | | **Dhan** | ₹0 | ₹20 or 0.03% per order | Active traders | | **Upstox** | ₹0 | Up to ₹20 per order | Good trading platform | | **Angel One** | ₹0 | Up to ₹20 per order | Research + trading | | **5paisa** | ₹0 | Around ₹10–₹20 depending on plan | Cost-conscious traders | ### Which is the cheapest? - **Absolute lowest:** **m.Stock**, especially if you choose its lifetime zero-brokerage plan for eligible segments. - **Best value for most traders:** **Zerodha** and **Dhan** due to their stable platforms and transparent pricing. - **Best for beginners:** **Groww** because of its simple interface and competitive charges. Keep in mind that **brokerage isn't the only cost**. You'll also pay statutory charges such as STT, exchange transaction charges, SEBI fees, GST, and stamp duty, regardless of the broker. If your priority is: - **Lowest total cost for F&O trading** → m.Stock or Dhan - **Long-term investing** → Zerodha or Groww - **High-frequency/intraday trading** → Dhan, m.Stock, or Zerodha

When looking for the lowest brokerage in India, stockbrokers are generally divided into two main categories: **True Zero-Brokerage Brokers** (who charge absolutely no brokerage across segments) and **Flat-Fee Discount Brokers** (who typically charge a flat ₹20 per trade). Here is a breakdown of the cheapest options available in the Indian market: ## 1. Absolute Zero-Brokerage Brokers These platforms charge **₹0 brokerage** across major segments like Equity Delivery, Intraday, and F&O. They are ideal for high-volume traders looking to completely eliminate brokerage costs. * **Flattrade:** Offers a lifetime free trading model with ₹0 brokerage across Equity, F&O, Commodities, and Currency. There are also no Account Maintenance Charges (AMC). * **Navia:** Another rising platform offering 100% zero brokerage for life across all segments (Stocks, F&O, Commodities) with zero account opening fees and zero AMC. * **Shoonya (by Finvasia):** A well-known pioneer in the zero-brokerage space, offering a completely free trading platform across all segments with no hidden brokerage fees. * **Kotak Neo:** Offers a dedicated "Youth Plan" (for individuals under 30) that provides zero brokerage on intraday, delivery, and F&O trades for a limited time or via a small initial subscription. --- ## 2. Low-Cost Discount Brokers (Flat Fee) These platforms charge zero for equity delivery but levy a tiny flat fee—usually capped at **₹20 per executed order**—for Intraday and F&O. They are widely trusted for their robust tech infrastructure and advanced charting tools. | Broker | Equity Delivery Brokerage | Intraday / F&O Brokerage | Account Maintenance (AMC) | |:--- |:--- |:--- |:--- | | **Groww** | Free (or 0.1% up to ₹20) | Lower of 0.05% or ₹20 | ₹0 | | **Zerodha** | ₹0 | Lower of 0.03% or ₹20 | ₹300 / year | | **Dhan** | ₹0 | ₹20 (50% off for women) | ₹0 | | **Angel One** | ₹0 | Lower of 0.03% or ₹20 | ₹240 / year | | **m.Stock** | ₹0 (with a 1-time fee) | Flat ₹10 (Standard plan) | Free plans available | --- ## ⚠️ Important Points to Keep in Mind > **Don't forget the Government Charges:** Even if a broker advertised "Zero Brokerage", you will still have to pay regulatory taxes on every trade. These include **STT** (Securities Transaction Tax), **SEBI turnover fees**, **Exchange Transaction Charges**, **Stamp Duty**, and **18% GST**. * **DP Charges:** When you sell equity delivery shares from your Demat account, a Depository Participant (DP) fee (typically between ₹13.5 to ₹16.5 + GST per company per day) is charged. This is deducted by the depository (CDSL/NSDL) and the broker, regardless of the brokerage plan. Are you primarily looking to do long-term investing (delivery) or high-frequency intraday and F&O trading?

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)**.