Lowest brokerage in India 2026

If you're looking for the **lowest brokerage broker in India (2026)**, these are among the cheapest options: | Broker | Equity Delivery | Intraday/F&O Brokerage | |--------|-----------------|-------------------------| | Zerodha | ₹0 | ₹20 or 0.03% per executed order (whichever is lower) | | Groww | ₹0 | ₹20 or 0.1% (whichever is lower), minimum ₹5 | | Upstox | ₹0 | ₹20 per order (typical discount brokerage model) | | Dhan | ₹0 | ₹20 per order | | m.Stock | Offers zero-brokerage plans on eligible plans/products | Depends on plan chosen | ### Which is the cheapest? - **For long-term investors (delivery):** Zerodha, Groww, Upstox, and Dhan all offer **₹0 brokerage** on equity delivery. - **For active traders:** Most leading discount brokers charge a flat **₹20 per executed order**, so brokerage differences are small. Other costs like platform stability, margin, AMC, and features become more important. - **If you want the absolute lowest brokerage:** Brokers with prepaid or subscription-style plans, such as m.Stock, can reduce brokerage further depending on the plan you choose. If your priority is a balance of **low cost, reliability, and trading platform quality**, Zerodha and Dhan are commonly considered strong choices, while Groww is popular for beginners.

Finding the "lowest brokerage" in India depends heavily on your trading style. The discount broking space is divided into **Absolute Zero-Brokerage Platforms** (perfect for active day traders or F&O players) and **Standard Flat-Fee Discount Brokers** (industry giants who charge minimal, fixed fees). The most cost-effective brokers in India are detailed below. --- ### 1. Absolute Zero-Brokerage Platforms These brokers stand out because they charge **₹0 brokerage** across equity, intraday, and derivatives (F&O), making them popular for high-volume traders trying to eliminate friction costs. | Broker | Equity Delivery | Equity Intraday | Futures & Options (F&O) | Demat AMC | Key Details | |:--- |:--- |:--- |:--- |:--- |:--- | | **Flattrade** | ₹0 | ₹0 | ₹0 | Free | Truly free model across all major segments. | | **Navia** | ₹0 | ₹0 | ₹0 | Free | Offers zero brokerage for life across all segments. | | **m.Stock** (by Mirae Asset) | ₹0 | ₹0 | ₹0 | ₹0 (With paid plan) | Requires a **one-time upfront fee** of ₹999 to unlock lifetime ₹0 brokerage. Alternatively, they charge a lower flat fee (around ₹10/trade). | --- ### 2. Premium Flat-Fee Discount Brokers If you value industry-leading technology, advanced charting tools, and stable order execution architectures over absolute zero fees, these platforms charge a flat, capped fee per trade. | Broker | Equity Delivery | Equity Intraday | Futures & Options (F&O) | Why Choose Them? | |:--- |:--- |:--- |:--- |:--- | | **Zerodha** | ₹0 | Lower of ₹20 or 0.03% | Flat ₹20 per executed order | The market leader. Exceptional UI/UX, best-in-class reporting (Console), and zero delivery fees. | | **Groww** | Lower of ₹20 or 0.1% | Lower of ₹20 or 0.1% | Flat ₹20 per executed order | Highly beginner-friendly app. Unlike Zerodha, they do charge a minor fee on long-term delivery trades. | | **Dhan** | ₹0 | Lower of ₹20 or 0.03% | Flat ₹20 per executed order | Highly favored by Option traders due to deep integration with TradingView and free advanced API tools. | | **Angel One** | Lower of ₹20 or 0.1% | Lower of ₹20 or 0.1% | Flat ₹20 per executed order | A hybrid full-service/discount broker offering research advisory alongside competitive pricing. | --- ### 💡 Crucial "Hidden" Costs to Remember Even if a broker claims to have **₹0 Brokerage**, you will never pay exactly zero to trade in India. Stock exchanges and government regulations enforce mandatory statutory charges on every transaction, including: * **STT (Securities Transaction Tax):** Usually the heaviest tax component, charged on buy/sell values. * **DP (Depository Participant) Charges:** Charged by CDSL/NSDL + your broker every time you *sell* shares from your long-term holdings (typically ranges from ₹13.5 to ₹20 + GST per scrip/day). * **SEBI Turnover Fees & Exchange Transaction Charges**. * **18% GST** on the brokerage, exchange fees, and DP charges. ### Which one should you choose? * Choose **Flattrade** or **m.Stock** if you are a heavy intraday/F&O scalper where saving ₹20 per order amounts to thousands of rupees a month. * Choose **Zerodha** or **Dhan** if you want the absolute best charting reliability, technical stability, and ecosystem for long-term investing. To help narrow down the perfect platform for you, what financial segment do you intend to trade in most frequently (e.g., long-term stock investing, intraday equity, or F&O derivatives)?

As of mid-2026, the lowest brokerage in India is dominated by discount brokers offering **zero brokerage on equity delivery** and flat fee models for intraday and derivatives. Several platforms have emerged as leaders based on low-cost structures, with some offering specialized, ultra-low fees. Top Low Brokerage Platforms 2026 - **:** Positioned as a very low-cost leader offering ₹10 per trade across segments. - **:** Offers zero brokerage across all segments, including equity intraday and F&O. - **:** Continues to be a market leader with zero brokerage on delivery and ₹20/order on intraday/F&O. - **:** Highly popular for beginners with zero AMC and ₹20/order for intraday. - **:** Offers unlimited trading plans or zero brokerage plans, catering to high-volume traders. - **:** Offers zero brokerage for the first 30 days, followed by ₹20/order (or 0.1% lower). Key Pricing Trends 2026 1. **Equity Delivery:** Almost all major discount brokers (Zerodha, Groww, Upstox, Angel One) provide equity delivery at ₹0 brokerage. 2. **Intraday & F&O:** Most brokers charge a flat rate, usually ₹20 per executed order, regardless of trade size. 3. **Flat Fee vs. Percentage:** Discount brokers are preferred over full-service brokers because they charge over 60% lower brokerage fees, saving investors money. 4. **Transaction Charges:** While brokerage is low, it is important to factor in statutory levies (STT, SEBI fee, GST). Choosing the Best Option - **For Beginners:** Groww is highlighted for its user-friendly interface. - **For Active Traders:** Zerodha and Upstox are preferred for robust platforms and low flat fees. - **For Absolute Lowest Cost:** Flattrade or m.Stock are strong contenders for minimizing trading fees. *Note: Brokerage plans and AMC (Annual Maintenance Charges) can change. Always verify the current fee structure on the broker's official website before opening an account.* Would you like a comparison of **account opening charges** or **annual maintenance fees (AMC)** for these brokers to help you choose, or perhaps a closer look at their **trading apps**?