Lowest brokerage in India 2026

If your goal is **the lowest brokerage for stock trading in India (2026)**, these are among the most competitive options: | Broker | Equity Delivery | Intraday | F&O | |--------|------------------|-----------|------| | **Zerodha** | ₹0 | ₹20/order or 0.03% (lower) | ₹20/order | | **Groww** | ₹0 | ₹20 or 0.1% (lower) | ₹20/order | | **Upstox** | ₹0 | ₹20/order | ₹20/order | | **Angel One** | ₹0 | Up to ₹20/order | Up to ₹20/order | | **Dhan** | ₹0 | ₹20/order | ₹20/order | Some brokers advertise even lower costs under special plans: - **Wisdom Capital** offers lifetime zero-brokerage plans (usually with conditions such as a one-time fee or plan eligibility). - **m.Stock (Mirae Asset)** offers plans with zero brokerage after purchasing a lifetime subscription, making it attractive for very active traders. **Which is best?** - **For beginners/investors:** Zerodha or Groww. - **For active traders:** Dhan, Upstox, or m.Stock. - **For the absolute lowest long-term brokerage:** Wisdom Capital or m.Stock (if you're comfortable with their subscription/lifetime plans). If your priority is **the cheapest broker for F&O trading**, I can also compare all charges—including brokerage, AMC, platform fees, and taxes—to identify the lowest total cost.

In India's current 2026 stock broking landscape, the industry is split into two primary low-cost segments: **True Zero-Brokerage Platforms** (which charge ₹0 across almost all segments) and **Flat Discount Brokers** (which charge a maximum capped fee of ₹20 per trade). The lowest brokerage options available in India vary depending on your preferred trading model: --- ## 1. True Zero-Brokerage Brokers These platforms are ideal for high-frequency traders, scalpers, and active intraday/F&O players because they charge absolutely nothing for trades. Instead, they make money via upfront subscription fees, tech usage fees, or Margin Trading Funding (MTF). | Broker | Equity Delivery | Equity Intraday | Futures & Options (F&O) | Special Conditions / Fee Structure | |:--- |:--- |:--- |:--- |:--- | | **m.Stock (Mirae Asset)** | ₹0 | ₹0 | ₹0 | Requires a one-time lifetime fee of **₹999** for zero brokerage across all segments. | | **Flattrade** | ₹0 | ₹0 | ₹0 | Completely free. **₹0 account maintenance (AMC)** and no upfront subscription fees. | | **Kotak Neo** | ₹0 | ₹0 | ₹20 per order | Offers a **Neo Freedom Plan** (usually for youth under 30) providing ₹0 intraday and delivery. | | **Navia** | ₹0 | ₹0 | ₹0 | Offers flat ₹0 brokerage across segments for life. | | **Stoxkart** | ₹0 | ₹0 | ₹15 per order | Only charges you for F&O or if your intraday trade turns a profit (under specific plan features). | --- ## 2. Flat Discount Brokers (Standard ₹20/Order) These are the industry leaders who pioneered low-cost investing. While they charge a flat fee, they do not offer absolute "zero" trading for intraday or derivatives, though they usually offer **₹0 on Equity Delivery** (long-term investing). * **Groww:** ₹0 for Equity Delivery; Lower of **0.05% or ₹20 per executed order** for Intraday and F&O. * **Zerodha:** ₹0 for Equity Delivery; Lower of **0.03% or ₹20 per executed order** for Intraday and F&O. * **Dhan / Angel One:** ₹0 for Equity Delivery; Flat **₹20 or 0.03%** per order for Intraday and F&O. --- ### ⚠️ The Catch: Government Taxes & Statutory Charges Even if a broker advertises "Zero Brokerage," **no trade is ever entirely free.** Every single transaction incurs mandatory government-mandated regulatory costs: * **STT (Securities Transaction Tax):** Usually the largest chunk of external cost. * **Exchange Transaction Charges:** Charged by the NSE/BSE. * **SEBI Turnover Fees & Stamp Duty**. * **DP Charges:** Charged by depositories (CDSL/NSDL) when you *sell* delivery shares (usually ₹13.5 to ₹20 per company per day). * **GST:** 18% applied on the brokerage + transaction charges + DP charges. To help narrow down the best platform for your specific needs, what segment do you plan on trading in the most (e.g., long-term delivery, fast-paced F&O, or daily intraday)?

As of July 2026, the lowest brokerage in India is dominated by discount brokers offering zero brokerage on equity delivery and flat-fee structures for trading, according to and. **Top Discount Brokers with Lowest Brokerage (2026):** - **Zerodha:** Remains a top choice with ₹0 brokerage on equity delivery and flat ₹20 per executed order for intraday and F&O, reports Ruchir Gupta. - **Groww:** Highly recommended for beginners for its user-friendly interface and zero AMC, per. - **Upstox:** Known for its fast, modern platform suitable for active traders Ruchir Gupta. - **Angel One:** Offers a balance of low brokerage and research services Ruchir Gupta. - **5Paisa:** Offers competitive, budget-friendly pricing, notes Ruchir Gupta. **Key Brokerage Structure in 2026:** - **Equity Delivery:** Most discount brokers offer 0% brokerage on delivery trades, says. - **Intraday/F&O:** Flat fee of ₹20 or 0.03%–0.05% per executed order (whichever is lower), explains EquityLogy. - **Additional Charges:** Besides the brokerage, traders need to account for mandatory government charges: STT (0.1% delivery, 0.025% intraday sell), exchange transaction charges, GST (18% on brokerage), and stamp duty Jainam. While Zerodha often holds the top spot for its platforms and transparent pricing, brokers like Groww and Angel One compete closely for the lowest cost, particularly for beginners or those seeking research, says Ruchir Gupta. Would you like me to compare: - **AMC charges** - **Trading platforms** (app usability) - **Research tools** between these specific brokers to help you decide?