# Lowest brokerage in India 2026 · 15 Jul
> What ChatGPT, Gemini, and Google AI Mode said about: Lowest brokerage in India 2026. Brands named, sources cited, sentiment per engine on 15 Jul.

Canonical URL: https://cite.solutions/state-of-ai-india/investing-apps/reports/2026-07-15/p/27
Source: Cite Solutions (cite.solutions)
Published: 2026-07-15
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[← Investing Apps · 15 July 2026](/state-of-ai-india/investing-apps/reports/2026-07-15)One prompt · three engines

Prompt 27 · 15 July 2026

# Lowest brokerage in India 2026

Three engines were asked the exact prompt above on 15 July 2026. Below is the verbatim answer each one gave, the brands it named, and the URLs it cited.

ChatGPTgpt-5-5

Answered 15 July 2026

If you're looking for the \*\*lowest brokerage broker in India (2026)\*\*, here are the leading options: | Broker | Equity Delivery | Intraday | F&O | |--------|-----------------|-----------|------| | Zerodha | ₹0 | ₹20/order or 0.03% (lower) | ₹20/order | | Groww | ₹20 or 0.1% (lower) | ₹20 or 0.1% (lower) | ₹20/order | | Upstox | ₹20/order | ₹20/order | ₹20/order | | Angel One | Typically ₹0 delivery | ₹20/order | ₹20/order | | Dhan | ₹0 delivery | ₹20/order | ₹20/order | | m.Stock | Offers zero-brokerage plans on eligible subscriptions | Subscription-based options | Subscription-based options | ### Lowest overall - \*\*For delivery investing:\*\* Zerodha and Dhan offer \*\*₹0 brokerage\*\* on equity delivery. - \*\*For intraday and F&O:\*\* Most major discount brokers charge a \*\*maximum of ₹20 per executed order\*\*, so there is little difference in brokerage alone. - \*\*For very active traders:\*\* Subscription-based plans such as those from m.Stock or certain brokers may reduce brokerage further, but you'll need to compare the subscription cost against your trading volume. If your goal is to \*\*minimize total trading costs\*\* (brokerage + AMC + platform fees + margin + execution quality), a practical ranking is: 1\. Zerodha 2\. Dhan 3\. Upstox 4\. Groww 5\. Angel One If you trade mostly \*\*F&O\*\*, tell me your \*\*approximate number of trades per month\*\*, and I can calculate which broker will be the cheapest for your trading style.

Brands named

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

Sources cited · 2

* [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)

Geminigemini-3-flash

Answered 15 July 2026

In India's stock broking landscape of \*\*2026\*\*, "lowest brokerage" has moved past the traditional ₹20 per order industry standard. Brokers now fall into three competitive pricing tiers: \*\*True Zero-Brokerage\*\*, \*\*Ultra-Low Flat-Fee\*\*, and \*\*Standard Discount\*\* models. Below is a breakdown of the lowest brokerage options in India for 2026, categorized by how they charge. --- ## 1\. The True "Zero-Brokerage" Platforms These brokers charge \*\*₹0 brokerage across all segments\*\*—including Equity Delivery, Intraday, and Futures & Options (F&O). \*Note: While they don't charge brokerage, you still have to pay government-mandated statutory taxes like STT, GST, and Stamp Duty.\* | Broker | Delivery Brokerage | Intraday Brokerage | F&O Brokerage | Account Opening / AMC | Catch / Hidden Fees | |:--- |:--- |:--- |:--- |:--- |:--- | | \*\*Flattrade\*\* | \*\*₹0\*\* | \*\*₹0\*\* | \*\*₹0\*\* | ₹200 Opening / \*\*₹0 AMC\*\* | Standard basic trading interface; less advanced charts compared to premium apps. | | \*\*Navia\*\* | \*\*₹0\*\* | \*\*₹0\*\* | \*\*₹0\*\* | \*\*₹0\*\* Opening / \*\*₹0 AMC\*\* | Charges apply if you utilize their Margin Trading Facility (MTF). | | \*\*m.Stock\*\* (by Mirae Asset) | \*\*₹0\*\* | \*\*₹0\*\* | \*\*₹0\*\* | ₹999 + GST one-time setup | To get lifetime zero-brokerage on all segments, you must pay a one-time upfront fee of ₹999\. Otherwise, they default to a flat fee. | | \*\*Shoonya\*\* (by Finvasia) | \*\*₹0\*\* | \*\*₹0\*\* | \*\*₹0\*\* | \*\*₹0\*\* Opening / \*\*₹0 AMC\*\* | Basic UI designed strictly for execution, not for advanced research or analytics. | --- ## 2\. The "Ultra-Low Flat-Fee" Platforms (₹10/Order) To disrupt the ₹20-per-order market, several new platforms have introduced flat \*\*₹10 per order\*\* pricing. This is ideal for active options traders who want highly stable, premium trading terminals but don't want to pay the standard ₹20 rate. \* \*\*Sahi Trading:\*\* Charges \*\*₹10 flat per order\*\* across Intraday, Delivery, and F&O segments. They also offer zero brokerage for the first 30 days. \* \*\*m.Stock (Lite Plan):\*\* If you choose not to pay their upfront ₹999 lifetime free package, they offer a flat \*\*₹10 per order\*\* across all segments. --- ## 3\. The Standard Discount Giants (₹20/Order) These are the most reliable, high-volume, and technologically mature platforms in India. They charge \*\*₹0 for Equity Delivery\*\* but a flat \*\*₹20 (or 0.03%, whichever is lower) for Intraday and F&O\*\*. | Broker | Delivery Brokerage | Intraday Brokerage | F&O Brokerage | Why Choose Them? | |:--- |:--- |:--- |:--- |:--- | | \*\*Zerodha\*\* | \*\*₹0\*\* | Flat ₹20 | Flat ₹20 | Industry leader with the most stable terminal (Kite), excellent risk management tools (Kill Switch), and no ad spam. | | \*\*Groww\*\* | \*\*₹0\*\* | Flat ₹20 or 0.05% | Flat ₹20 | Best, most intuitive UI for beginners who invest in Mutual Funds alongside stocks. | | \*\*Angel One\*\* | \*\*₹0\*\* | Flat ₹20 or 0.03% | Flat ₹20 | Offers robust API access, integrated algorithmic tools, and research advisory. | --- ## ⚠️ Important "Hidden" Charges to Keep in Mind When comparing "lowest brokerage", remember that \*\*brokerage is only one part of the bill\*\*. Even with a 100% free zero-brokerage broker, you will still pay: 1\. \*\*STT (Securities Transaction Tax):\*\* Following the Budget changes, STT represents the largest chunk of a trader's transaction costs—especially in F&O. 2\. \*\*DP Charges (Depository Participant Charges):\*\* Levied by the depository (CDSL/NSDL) and the broker whenever you \*\*sell\*\* shares from your Demat account (usually around ₹13 to ₹20 + GST per company per day). 3\. \*\*Call & Trade Charges:\*\* If you place an order over the phone or if your broker auto-squares off your open intraday position, they can charge an extra ₹20 to ₹50 per order. 4\. \*\*Exchange Transaction Charges & GST:\*\* 18% GST is applicable on the sum of your brokerage, exchange charges, and SEBI fees. ### Summary Recommendation: \* If you are a \*\*frequent/high-volume F&O or Intraday trader\*\*, choosing a zero-brokerage broker like \*\*Flattrade\*\* or \*\*Shoonya\*\* can save you thousands of rupees every month in pure brokerage costs. \* If you are a \*\*long-term investor\*\* who buys and holds, \*\*Zerodha\*\* or \*\*Groww\*\* are highly recommended. Because delivery is already free (₹0) on these platforms, you get the benefit of industry-leading, crash-resistant apps without paying any extra brokerage.

Brands named

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

Sources cited · 10

* [Flattrade: Zero Brokerage Trading App in Indiaflattrade.in](https://flattrade.in/#:~:text=All%20Markets%2C%20One%20Platform.%20Trade%20across%20all,your%20account.%20Sovereign%20Gold%20Bonds%20%28SGB%29%20%E2%82%B90.)
* [Zero Brokerage: Is It Really Saving Investors Money, or Costing Them More? - Finnovatefinnovate.in/learn/blog/zero-brokerage-good-for-investors-india](https://www.finnovate.in/learn/blog/zero-brokerage-good-for-investors-india#:~:text=Zero%20brokerage%20means%20the%20broker%20charges%20no,DP%20charges%20apply%20on%20delivery%20sell%20transactions.)
* [Low-Cost & Transparent Brokerage Pricing | Sahi Trading Platformsahi.com/pricing](https://www.sahi.com/pricing#:~:text=Free%20%28some%20brokers%20charge%20up%20to%20%E2%82%B9200,software%20fees.%20Zero%20%28web%2C%20mobile%2C%20desktop%E2%80%94all%20free%29)
* [Low-Cost & Transparent Brokerage Pricing | Sahi Trading Platformsahi.com/pricing](https://www.sahi.com/pricing#:~:text=Who%20Is%20Sahi%20Pricing%20Best%20For%3F%20%E2%9C%85,you%20learn%20without%20cost%20pressure.%20High-frequency%20traders.)
* [Low-Cost & Transparent Brokerage Pricing | Sahi Trading Platformsahi.com/pricing](https://www.sahi.com/pricing#:~:text=There%20is%20Zero%20brokerage%20on%20all%20trades,plan.%20No%20action%20needed%20from%20your%20side.)
* [Zerodha brokerage charges, fees & taxes on trading and investingzerodha.com/charges](https://zerodha.com/charges/#:~:text=Charges%20-%20Free%20equity%20delivery.%20All%20equity,%E2%80%94%20%E2%82%B9%200%20commissions%20%26%20DP%20charges.)
* [Low-Cost & Transparent Brokerage Pricing | Sahi Trading Platformsahi.com/pricing](https://www.sahi.com/pricing#:~:text=Compare%3A%20Sahi%20vs%20Other%20Brokers.%20STT%20charges,costs%20more%20than%20brokerage%20at%20any%20broker.)
* [Zerodha brokerage charges, fees & taxes on trading and investingzerodha.com/charges](https://zerodha.com/charges/#:~:text=Transaction%20charges.%20NSE%3A%200.00307%25%20BSE%3A%200.00375%25%20NSE%3A,%28brokerage%20%2B%20SEBI%20charges%20%2B%20transaction%20charges%29)
* [Flattrade: Zero Brokerage Trading App in Indiaflattrade.in](https://flattrade.in/#:~:text=Flattrade%3A%20Zero%20Brokerage%20Trading%20App%20in%20India.)
* [Zero Brokerage: Is It Really Saving Investors Money, or Costing Them More? - Finnovatefinnovate.in/learn/blog/zero-brokerage-good-for-investors-india](https://www.finnovate.in/learn/blog/zero-brokerage-good-for-investors-india#:~:text=The%20Verdict.%20Zero%20brokerage%20is%20genuinely%20beneficial,as%20an%20investor%20rather%20than%20a%20trader.)

AI ModeGoogle AI Mode

Answered 15 July 2026

Based on market data for 2026, the lowest brokerage in India is generally offered by discount brokers, which charge ₹0 for equity delivery and a flat fee of ₹20 or less for intraday and F&O trades. Here are the top brokers with the lowest brokerage fees in India as of 2026: 1\. Zero Brokerage (Best for Delivery & Active Trading) - \*\*:\*\* Offers zero brokerage across all segments, including Equity Delivery, Intraday, and F&O. - \*\*:\*\* Provides a zero-brokerage plan for a one-time fee, offering ₹0 brokerage on all trades. - \*\*:\*\* Offers unlimited trading plans with zero brokerage. 2\. Lowest Flat Fee Brokers (₹10 - ₹20 per trade) - \*\*:\*\* Offers very low brokerage, starting at ₹10 per trade. - \*\*:\*\* Charges ₹0 for delivery and flat ₹20 or 0.03% (whichever is lower) for intraday/F&O. - \*\*:\*\* Known for low cost and ease of use, charging ₹0 for delivery and flat ₹20 or 0.05% for intraday/F&O. - \*\*:\*\* Charges ₹0 for delivery and flat ₹20 for intraday/F&O. - \*\*:\*\* Offers ₹0 brokerage on delivery and flat ₹20 for intraday, with specialized features for traders. Comparison of Key Brokers 2026 | Broker | Equity Delivery | Intraday / F&O | |---|---|---| | \*\*Flattrade\*\* | ₹0 | ₹0 | | \*\*m.Stock\*\* | ₹0 | ₹0 (with plan) | | \*\*Zerodha\*\* | ₹0 | ₹20 per executed order | | \*\*Groww\*\* | ₹0 | ₹20 per executed order | | \*\*Upstox\*\* | ₹0 | ₹20 per executed order | | \*\*5paisa\*\* | ₹0 | ₹10 - ₹20 per order | Key Considerations - \*\*Free Equity Delivery:\*\* Most top discount brokers provide free equity delivery (long-term investing). - \*\*Flat Fee Structure:\*\* Discount brokers charge a flat fee of ₹20 per executed order for intraday, F&O, currency, and commodity, regardless of the order size. - \*\*Other Charges:\*\* While brokerage is low, other charges like STT, Exchange Turnover Charges, GST, and Stamp Duty still apply and are determined by the government/exchange. If you can tell me: - Are you primarily doing \*\*Delivery (long-term)\*\*, \*\*Intraday\*\*, or \*\*F&O\*\*? - What is your typical \*\*trade size\*\*? I can tell you which of these brokers will be the absolute cheapest for your specific strategy.

Brands named

[5paisa](https://5paisa.com "Visit 5paisa")[Zerodha](https://zerodha.com "Visit Zerodha")[Groww](https://groww.in "Visit Groww")[Upstox](https://upstox.com "Visit Upstox")[Dhan](https://dhan.co "Visit Dhan")

Sources cited · 11

* [top 10 stock brokers in india in 2026ruchirgupta.in/top-10-stock-brokers-in-india-in-2026](https://ruchirgupta.in/top-10-stock-brokers-in-india-in-2026/)
* [Flattradeflattrade.in](https://flattrade.in/)
* [m.Stockmstock.com/articles/low-cost-discount-brokerage-in-india](https://www.mstock.com/articles/low-cost-discount-brokerage-in-india)
* [ProStocksprostocks.com](https://www.prostocks.com/)
* [5paisa5paisa.com](https://www.5paisa.com/)
* [Zerodhazerodha.com](https://zerodha.com/)
* [Growwgroww.in](https://groww.in/)
* [Upstoxupstox.com](https://upstox.com/)
* [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/)
* [blog / low brokerage demat accountjainam.in/blog/low-brokerage-demat-account](https://www.jainam.in/blog/low-brokerage-demat-account/)

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