Lowest brokerage in India 2026

If you're looking for the **lowest brokerage broker in India (2026)**, here are the leading options: | Broker | Equity Delivery | Intraday / F&O Brokerage | Best For | |--------|------------------|--------------------------|----------| | **m.Stock** | ₹0 | ₹0 with its One-Time Plan (or flat pricing depending on plan) | Lowest lifetime brokerage | | **Wisdom Capital** | ₹0 | Plans starting around ₹9 per trade; some plans offer zero brokerage | Active traders | | **Zerodha** | ₹0 | ₹20 or 0.03% per executed order (whichever is lower) | Reliable platform, long-term investors | | **Groww** | ₹0 | 0.1% or ₹20 per order (whichever is lower) | Beginners and investors | | **Upstox** | ₹0 | ₹20 per executed order | Frequent traders | | **Angel One** | ₹0 | Flat-fee discount brokerage (plan-dependent) | Trading + research | ### Which one is actually the cheapest? - **Lowest overall:** **m.Stock** (especially if you choose its one-time lifetime brokerage plan). - **Best value for most traders:** **Zerodha** or **Groww**, thanks to simple pricing and strong platforms. - **For high-volume intraday/F&O:** **Wisdom Capital** can be cheaper under certain plans. Keep in mind that **brokerage isn't the only cost**. You'll also pay statutory charges such as STT, exchange transaction charges, SEBI fees, GST, and stamp duty regardless of the broker. If your focus is **intraday, options trading, or long-term investing**, I can recommend the most cost-effective broker specifically for that style.

In 2026, the Indian stockbroking landscape is highly competitive, with traditional "flat-fee" structures facing tough competition from "zero-brokerage" and ultra-low-cost subscription models. When looking for the lowest brokerage, brokers generally fall into two categories: **Zero-Brokerage Pioneers** and **Flat-Fee Giants**. --- ## 1. Zero-Brokerage Brokers (Absolute Lowest Cost) These brokers charge ₹0 brokerage across almost all segments (Equity Delivery, Intraday, and F&O). They make their revenue through auxiliary services, interest on margin funding, or minor tech/DP fees. * **Flattrade:** True to its name, it offers **₹0 brokerage** across Equity Delivery, Intraday, Futures, and Options forever. It also features ₹0 Demat Account Maintenance Charges (AMC), making it one of the absolute cheapest options for high-volume traders. * **m.Stock (by Mirae Asset):** Offers a lifetime zero-brokerage plan across all segments (including Intraday and F&O) for a one-time upfront subscription fee. Alternatively, their non-subscription flat rate is ultra-low at ₹10 per trade. * **Ashlar Securities (Freedom Plan):** Offers a lifetime free brokerage model after a one-time upfront fee, or a "Pro Plan" that charges ₹9 per executed order for F&O and 0.01% for Equity. --- ## 2. Industry Giants (Flat ₹20 Discount Brokers) If you prefer scale, massive active client bases, and highly advanced tech platforms, the market leaders offer highly competitive pricing that heavily reduces trading costs compared to traditional banks. * **Groww & Zerodha:** The two largest stockbrokers in India. Both offer **₹0 brokerage on Equity Delivery** (long-term investments) and a direct mutual fund platform with zero commission. For Intraday and F&O, they charge **Flat ₹20 or 0.03%** (whichever is lower) per executed order. * **Angel One & Upstox:** Similarly follow the **₹0 Delivery / Flat ₹20 Intraday & F&O** model. Angel One frequently offers promotions like zero brokerage for the first 30 days for new users. --- ## 3. Quick Brokerage Comparison | Broker | Equity Delivery | Equity Intraday | F&O (Futures & Options) | Demat AMC | |:--- |:--- |:--- |:--- |:--- | | **Flattrade** | ₹0 | ₹0 | ₹0 | ₹0 | | **m.Stock** | ₹0 (with upfront plan) | ₹0 (with upfront plan) | ₹0 (with upfront plan) | Varies by plan | | **Zerodha** | ₹0 | Flat ₹20 or 0.03% | Flat ₹20 | ₹300/year (Waived under ₹4L holding) | | **Groww** | ₹0 | Flat ₹20 or 0.05% | Flat ₹20 | ₹0 | | **Upstox** | ₹0 | Flat ₹20 or 0.01% | Flat ₹20 | ₹150/year | --- > ⚠️ **Important Note on Hidden "Government" Charges:** > While a broker can waive *their* brokerage fee to ₹0, you will **always** have to pay mandatory statutory charges mandated by SEBI and the government. These include Securities Transaction Tax (STT), Exchange Transaction Charges, GST (18% on brokerage + transaction charges), SEBI turnover fees, and Stamp Duty. These apply equally across all brokers. Are you looking for a broker primarily for long-term investing, or do you plan to do frequent intraday and options trading?

As of July 2026, the lowest brokerage fees in India are primarily offered by discount brokers, with several firms providing zero brokerage on equity delivery and flat fees of ₹10–₹20 per executed order for intraday and F&O. **Top Low-Brokerage Brokers in India (2026):** - ** (Mirae Asset):** Known for offering zero brokerage plans across all segments (delivery, intraday, F&O) for a one-time fee. - **Zerodha:** Continues to be a market leader offering zero brokerage on equity delivery and a flat rate of ₹20 per executed order for intraday and F&O. - **Groww:** Extremely popular among beginners, offering ₹0 brokerage on equity delivery and a flat ₹20 or 0.05% (whichever is lower) for intraday. - **5paisa:** Known for aggressive pricing, with brokerages starting as low as ₹10 per trade. - **ProStocks:** Offers zero brokerage on equity delivery and fixed monthly unlimited trading plans. - **Shoonya by Finvasia:** Offers zero commission trading across all segments. - **Angel One:** A major player with competitive pricing in the top 10 rankings. - **Upstox:** Offers flat ₹20 brokerage per order. **Key Takeaways for 2026:** - **Equity Delivery:** Free with most discount brokers (e.g., Zerodha, Groww). - **Intraday/F&O:** Generally ₹20 per order or less (e.g., 5paisa, m.Stock). - **Zero Brokerage Brokers:** Brokers like and Stoxkart also advertise zero brokerage in certain segments. **Important Notes:** - **Other Charges:** While brokerage is low, transaction charges, SEBI fees, GST, and stamp duty still apply. - **Account Opening & AMC:** Many discount brokers offer free account opening, but some may charge annual maintenance charges (AMC). - **Best for Beginners:** Groww is highly rated for its simple user interface. - **Best for Traders:** Zerodha and Upstox are preferred for their robust platforms and speed. Would you like a detailed comparison of **5paisa and m.Stock**, or are you looking for the best broker for **F&O specifically**?