Lowest brokerage in India 2026

If your priority is **the lowest possible brokerage** in India (2026), these are the main contenders: | Broker | Equity Delivery | Intraday / F&O | |--------|-----------------|----------------| | **Shoonya (Finvasia)** | ₹0 | ₹0 brokerage on most segments (check current plan terms) | | **m.Stock (Mirae Asset)** | ₹0 with eligible plans | ₹0 with lifetime/plan-based pricing | | **Wisdom Capital** | Offers lifetime zero-brokerage plans (subject to plan conditions) | | **Zerodha** | ₹0 delivery | ₹20 or 0.03% per executed order (whichever is lower) | | **Groww** | ₹20/order (or applicable capped brokerage) for trades; delivery pricing depends on product | Competitive flat pricing | | **Upstox** | ₹20/order cap | ₹20/order cap | ### Best choices by trading style - **Lowest overall brokerage:** Shoonya or m.Stock (if their pricing model fits your needs). - **Best for active F&O traders:** Zerodha or Shoonya, balancing pricing with platform reliability. - **Best for long-term investors:** Zerodha (₹0 delivery) is often preferred for its platform and ecosystem despite not being the absolute cheapest. Keep in mind that **brokerage is only one part of your trading cost**. Also compare: - DP charges (for selling shares) - Annual Maintenance Charges (AMC) - Platform/API fees - Margin funding costs - Order execution quality and platform reliability If you're mainly trading **Futures & Options**, I can also rank the **top 5 brokers by total trading cost (brokerage + statutory charges + platform quality)**.

The "lowest brokerage" in India depends heavily on your trading volume and style. The discount broking space is split into **True Zero-Brokerage Brokers** (who charge absolutely no brokerage for anything) and **Flat-Fee Discount Brokers** (who charge a maximum of ₹20 per trade). The following breakdown details the lowest brokerage options available in India: ### 1. The True "Zero Brokerage" Pioneers (₹0 Brokerage Across All Segments) These platforms have completely stripped away brokerage fees for all segments, including Intraday and F&O, making them highly popular among high-frequency traders. * **Flattrade:** Truly ₹0 brokerage across Equity Delivery, Intraday, F&O, Currency, and Commodities. They charge zero account maintenance charges (AMC) and no hidden platform fees. * **m.Stock (by Mirae Asset):** Offers a lifetime zero-brokerage plan across all segments (Delivery, Intraday, F&O, Mutual Funds). To unlock this, you pay a one-time upfront fee of ₹999. If you don't want the upfront fee, they offer a flat ₹20/trade plan. * **Shoonya (by Finvasia):** Another strict zero-brokerage player that charges ₹0 for account opening, AMC, and across all asset classes and trading segments. --- ### 2. The Flat-Fee Discount Heavyweights (Free Delivery, ₹20 per Intraday/F&O Trade) These are India’s largest, highly stable platforms. They don't charge anything for long-term investing (Delivery), but they charge a tiny, flat fee per executed order for trading. | Broker | Equity Delivery | Equity Intraday | Futures & Options (F&O) | Account Maintenance (AMC) | |:--- |:--- |:--- |:--- |:--- | | **Groww** | ₹0 | Lower of ₹20 or 0.1% | ₹20 per order | ₹0 (Lifetime Free) | | **Zerodha** | ₹0 | Lower of ₹20 or 0.03% | ₹20 per order | ₹300 / year | | **Angel One** | ₹0 | Lower of ₹20 or 0.25% | ₹20 per order | ₹0 for 1st year, then ₹20/month | | **Dhan** | ₹0 | Lower of ₹20 or 0.03% | ₹20 per order | ₹0 (Lifetime Free) | > **Note on Dhan:** Dhan offers a **50% discount on brokerage** (₹10 per order instead of ₹20) for female traders across all intraday and F&O trades to encourage women investors. --- ### 3. Subscription/Unlimited Monthly Trading Plans If you execute dozens of orders a day, paying even ₹20 per order can add up. Some niche brokers offer a flat subscription fee. * **ProStocks:** Offers an unlimited trading plan for **₹499/month** per exchange. You can do an infinite number of trades in that month without paying a single rupee of brokerage. If you trade less, you can opt for their flat ₹15 per trade plan. --- ### ⚠️ The Catch: "Zero Brokerage" \neq "Free" Even if a broker charges ₹0 in brokerage, you still have to pay Government and Statutory taxes mandated by SEBI and the exchanges. These include: 1. **STT (Securities Transaction Tax):** The largest chunk of your tax bill. 2. **Exchange Transaction Charges:** Charged by NSE/BSE. 3. **DP (Depository Participant) Charges:** Charged when you *sell* shares from your Demat holding (usually around ₹13.5 to ₹20 per company per day). 4. **SEBI Turnover Fees & GST (18%)**. ### Summary Recommendation * **For Long-term Investors (Delivery & Mutual Funds):** **Groww** or **Dhan** are excellent because they charge zero brokerage and have ₹0 AMC. * **For Hardcore/High-Volume Traders:** **Flattrade** or **m.Stock** (with the upfront paid plan) will save you the most money in the long run. * **For Tech-First UI & Stability:** **Zerodha** or **Dhan** provide the most stable infrastructures, which is well worth the minor fee. What kind of trading or investing do you plan on doing the most? I can help you calculate the exact cost breakdown for it.

As of July 2026, the lowest brokerage fees in India are primarily offered by discount brokers, which generally charge zero fees for equity delivery and a flat rate for intraday/F&O. **Top Lowest Brokerage Firms in 2026:** - **:** Offers a unique ₹10 brokerage plan on all trades. - **ProStocks:** Known for offering zero brokerage for equity delivery. - **Shoonya by Finvasia:** Offers true zero brokerage across all segments including F&O. - **:** Offers zero brokerage across all segments. - **Zerodha:** Market leader with zero brokerage on equity delivery and ₹20 or 0.03% (lower) for intraday. - **Groww:** Popular for beginners with zero AMC and flat ₹20 or 0.05% (lower) for intraday. - **Angel One:** Offers zero brokerage for the first 30 days, then ₹20 per order. **Brokerage Structure Breakdown (2026):** - **Equity Delivery:** Most top brokers like Zerodha, Groww, and Upstox offer zero brokerage. - **Intraday & F&O:** Usually a flat fee of ₹20 per executed order, regardless of trade size. - **Zero Brokerage Brokers:** Companies like Finvasia and Flattrade do not charge brokerage on any segment, including futures and options. **Key Considerations:** - Discount brokers are generally 60% cheaper than traditional full-service brokers. - While brokerage is low, transaction charges, STT, and other statutory taxes still apply. To help you find the **absolute lowest** cost for your specific needs, could you tell me: - Are you primarily doing **intraday trading**, **long-term delivery**, or **F&O**? - What is your **approximate monthly trading volume** (in terms of ₹)? I can then tell you which of these brokers will be the most cost-effective.