# Lowest brokerage in India 2026 · 11 Jul
> What ChatGPT, Gemini, and Google AI Mode said about: Lowest brokerage in India 2026. Brands named, sources cited, sentiment per engine on 11 Jul.

Canonical URL: https://cite.solutions/state-of-ai-india/investing-apps/reports/2026-07-11/p/27
Source: Cite Solutions (cite.solutions)
Published: 2026-07-11
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[← Investing Apps · 11 July 2026](/state-of-ai-india/investing-apps/reports/2026-07-11)One prompt · three engines

Prompt 27 · 11 July 2026

# Lowest brokerage in India 2026

Three engines were asked the exact prompt above on 11 July 2026. Below is the verbatim answer each one gave, the brands it named, and the URLs it cited.

ChatGPTgpt-5-5

Answered 11 July 2026

If you're looking for the \*\*lowest brokerage stock broker in India in 2026\*\*, these are among the most competitive options: | Broker | Equity Delivery | Intraday/F&O Brokerage | Notes | |--------|-----------------|-------------------------|-------| | m.Stock | ₹0 | ₹0 with lifetime brokerage plans (or flat plan depending on account type) | Often the cheapest for active traders. | | Zerodha | ₹0 | ₹20 or 0.03% (whichever is lower) | Industry benchmark for discount broking. | | Groww | ₹0 | 0.1% or ₹20 (whichever is lower), minimum ₹5 | Popular for beginners. | | Dhan | ₹0 | ₹20 per order | Good for active traders. | | Angel One | ₹0 | Around ₹20 per executed order | Includes research and advisory features. | | Upstox | ₹0 | ₹20 per order | Strong trading platform. | ### Which is the cheapest? - \*\*Lowest overall:\*\* \*\*m.Stock\*\*, especially if you opt for its lifetime zero-brokerage plan for eligible segments. - \*\*Best standard pricing:\*\* Zerodha, Dhan, Groww, Angel One, and Upstox all charge around \*\*₹20 per executed order\*\* for intraday and F&O while keeping equity delivery brokerage at \*\*₹0\*\*. If your primary trading is \*\*F&O (options/futures)\*\*, I can also compare \*\*total trading cost\*\* (brokerage + exchange charges + GST + STT + stamp duty), which often matters more than brokerage alone.

Brands named

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

Sources cited · 5

* [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)
* [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)
* [Leading Indian brokerages gear up to offer seamless access to global stocks via GIFT Citym.economictimes.com/markets/stocks/news/leading-indian-brokerages-gear-up-to-offer-seamless-access-to-global-stocks-via-gift-city/articleshow/132081641.cms](https://m.economictimes.com/markets/stocks/news/leading-indian-brokerages-gear-up-to-offer-seamless-access-to-global-stocks-via-gift-city/articleshow/132081641.cms?utm%5Fsource=chatgpt.com)

Geminigemini-3-flash

Answered 11 July 2026

In 2026, the stock broking landscape in India features incredibly competitive pricing, transitioning from the standard ₹20 per trade model to \*\*absolute zero-brokerage\*\* or \*\*unlimited subscription models\*\*. The platforms offering the lowest brokerage charges in India are detailed below, categorized by their pricing models: ## 1\. Absolute Zero-Brokerage Brokers (True ₹0) These platforms have completely disrupted the market by charging zero brokerage across all trading segments, including Intraday and Futures & Options (F&O). \* \*\*Flattrade:\*\* One of the market leaders in true cost-saving. It offers \*\*₹0 brokerage\*\* forever across all segments—Equity Delivery, Intraday, F&O, Currency, and Commodities. Account maintenance charges (AMC) are also free. \* \*\*m.Stock (by Mirae Asset):\*\* Offers a "Zero Brokerage for Life" plan. By paying a one-time account opening fee (usually around ₹999), you get ₹0 brokerage across all segments (Delivery, Intraday, F&O, Mutual Funds) forever. Alternatively, they offer a basic plan with a flat \*\*₹10 per trade\*\* across all segments, which is still half the industry standard. --- ## 2\. Flat Subscription/Fixed Plan Brokers If you are a high-volume trader or scalper, fixed monthly plans can save you a massive amount of money compared to per-order fees. \* \*\*Wisdom Capital:\*\* Offers flat subscription plans (e.g., Freedom Plan) providing \*\*₹0 brokerage\*\* on NSE cash/delivery, or a fixed monthly subscription (around ₹999/month) for unlimited trading in F&O and commodities. Alternatively, they offer a very low flat rate of \*\*₹9 per executed order\*\*. --- ## 3\. Standard Discount Brokers (The ₹20 Flat-Fee Era) The pioneers of discount broking still dominate the market in terms of user experience, stability, and active clients. They generally follow a dual model: \*\*Free Equity Delivery\*\* but a flat fee for Intraday and Derivatives. | Broker | Equity Delivery Brokerage | Intraday & F&O Brokerage | Demat AMC | |:--- |:--- |:--- |:--- | | \*\*Zerodha\*\* | ₹0 (Free) | Lower of ₹20 or 0.03% per order | ₹300 / year | | \*\*Groww\*\* | Lower of ₹20 or 0.1% | Lower of ₹20 or 0.1% per order | ₹0 (Free) | | \*\*Angel One\*\* | ₹0 (Free) | Lower of ₹20 or 0.25% per order | Variable (Free 1st yr) | | \*\*Dhan\*\* | ₹0 (Free) | Lower of ₹20 or 0.03% per order | ₹0 (Free) | --- ### 💡 Keep in Mind: The "Hidden" Charges Even if a broker charges \*\*₹0\*\* or \*\*₹20\*\* in brokerage, you will always have to pay statutory government and exchange taxes. These apply equally across all brokers: \* \*\*STT (Securities Transaction Tax):\*\* The largest component, charged mostly on the sell side (or both sides for equity delivery). \* \*\*Exchange Transaction Charges:\*\* Charged by the NSE/BSE. \* \*\*DP Charges:\*\* Charged by the depository (CDSL/NSDL) when you sell shares from your Demat account (usually around ₹13.5 to ₹20 per company per day). \* \*\*GST:\*\* 18% applied on the brokerage and exchange charges combined. \*\*Recommendation:\*\* If you are a long-term investor who only buys and holds, \*\*Zerodha, Groww, or Dhan\*\* are exceptionally cheap (free delivery). If you are an active day trader or F&O scalper executing dozens of orders daily, choosing a true zero-brokerage platform like \*\*Flattrade\*\* or \*\*m.Stock\*\* will save you thousands of rupees every month.

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")

Sources cited · 6

* [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)
* [Discount broker with zero brokerage | Mirae Asset - m.Stockmstock.com/articles/low-cost-discount-brokerage-in-india](https://www.mstock.com/articles/low-cost-discount-brokerage-in-india#:~:text=Zero%20Brokerage%3A%20Discount%20broker%20with%20zero%20brokerage%20%7C%20Mirae%20Asset)
* [Discount broker with zero brokerage | Mirae Asset - m.Stockmstock.com/articles/low-cost-discount-brokerage-in-india](https://www.mstock.com/articles/low-cost-discount-brokerage-in-india#:~:text=What%20are%20the%20different%20factors,and%20not%20recommendatory%20in%20nature)
* [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)
* [Brokerage Charges & Pricing - Growwgroww.in/pricing](https://groww.in/pricing#:~:text=Intraday,BUYSELL)

AI ModeGoogle AI Mode

Answered 11 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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