# Lowest brokerage in India 2026 · 10 Jul
> What ChatGPT, Gemini, and Google AI Mode said about: Lowest brokerage in India 2026. Brands named, sources cited, sentiment per engine on 10 Jul.

Canonical URL: https://cite.solutions/state-of-ai-india/investing-apps/reports/2026-07-10/p/27
Source: Cite Solutions (cite.solutions)
Published: 2026-07-10
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[← Investing Apps · 10 July 2026](/state-of-ai-india/investing-apps/reports/2026-07-10)One prompt · three engines

Prompt 27 · 10 July 2026

# Lowest brokerage in India 2026

Three engines were asked the exact prompt above on 10 July 2026. Below is the verbatim answer each one gave, the brands it named, and the URLs it cited.

ChatGPTgpt-5-5

Answered 10 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 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

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 · 4

* [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)
* [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 10 July 2026

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?

Brands named

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

Sources cited · 3

* [Flattrade: Zero Brokerage Trading App in Indiaflattrade.in](https://flattrade.in/#:~:text=Lifetime%20free%20Demat%20account%20with,Gold%2C%20Silver%2C%20Crude%20%26%20more)
* [Flattrade: Zero Brokerage Trading App in Indiaflattrade.in](https://flattrade.in/#:~:text=Contact%20us-,Login,Demat%20AMC%205&text=Lifetime%20free%20Demat%20account%20with,Gold%2C%20Silver%2C%20Crude%20%26%20more)
* [Navia — Zero Brokerage. For Life. | Stocks, F&O, Mutual Funds & IPOsnavia.co.in](https://navia.co.in/#:~:text=No%20AMC.,Instant)

AI ModeGoogle AI Mode

Answered 10 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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