Lowest brokerage in India 2026

If your priority is **the lowest brokerage for stock trading in India (2026)**, these are among the most competitive discount brokers: | Broker | Equity Delivery | Intraday / F&O Brokerage | Best for | |--------|-----------------|---------------------------|----------| | Zerodha | ₹0 | ₹20/order or lower | Active traders, reliability | | Groww | ₹0 | 0.1% or ₹20 (whichever is lower), minimum ₹5 | Beginners | | Upstox | ₹0 | Up to ₹20/order | Active traders | | Dhan | ₹0 | Up to ₹20/order | F&O traders | | m.Stock | ₹0 on select plans | ₹5–₹20 depending on plan | Lowest-cost frequent trading | | 5paisa | ₹0 | ₹20/order | Budget trading | Most discount brokers now charge **₹0 for equity delivery** and **a maximum of ₹20 per executed order** for intraday and derivatives, though some plans (such as m.Stock's subscription model) can reduce the effective brokerage further. ### Which one offers the lowest overall cost? - **m.Stock**: Often the cheapest for high-volume traders if its subscription plan suits your trading style. - **Zerodha**: Best balance of low cost, stability, and platform quality. - **Dhan**: Popular among F&O traders because of its advanced tools. - **Groww**: Excellent for beginners who invest and trade occasionally. If you're mainly trading **options (Nifty/Bank Nifty)**, I can also compare brokers based on the **total cost per trade**, including brokerage, exchange charges, GST, STT, and other statutory fees.

When evaluating stockbrokers with the lowest brokerage in India, brokers generally fall into two categories: **True Zero-Brokerage Brokers** (0 brokerage across all/most segments) and **Flat-Fee Discount Brokers** (free equity delivery, flat ₹20/order for intraday & F&O). --- ## 1. True Zero-Brokerage Brokers These platforms charge ₹0 brokerage across Equity Delivery, Intraday, and Futures & Options (F&O). | Broker | Equity Delivery | Equity Intraday | F&O (Futures & Options) | Key Highlights | |:--- |:--- |:--- |:--- |:--- | | **Flattrade** | ₹0 | ₹0 | ₹0 | Completely free trading across all segments. Zero AMC (Account Maintenance Charge) for life. | | **Navia** | ₹0 | ₹0 | ₹0 | Lifetime zero brokerage across stocks, F&O, commodities, and currency. No AMC. | | **m.Stock (by Mirae Asset)** | ₹0 (One-time plan) | ₹0 (One-time plan) | ₹0 (One-time plan) | Requires a one-time onboarding fee (₹999 + GST) for lifetime ₹0 brokerage. Standard account is flat ₹10/trade. | | **Shoonya (by Finvasia)** | ₹0 | ₹0 | ₹0 | No brokerage across all segments, no AMC, zero account opening charges. | --- ## 2. Standard Flat-Fee Discount Brokers Most popular discount brokers in India offer **free equity delivery investments**, but charge a flat ₹20 per executed order for Intraday and F&O trades. * **Zerodha:** ₹0 for Equity Delivery & Mutual Funds | Flat ₹20 or 0.03% (whichever is lower) for Intraday & F&O. * **Groww:** ₹0 or 0.1% for Delivery | Flat ₹20 or 0.05% for Intraday & F&O. * **Angel One:** ₹0 Delivery (promotional/first month) | Flat ₹20 or 0.1% for Intraday & F&O. * **ProStocks:** ₹0 Delivery | Flat ₹15 per executed order (or an optional ₹499/month unlimited trading plan). --- ## Important Statutory & Hidden Charges to Consider Even with **₹0 brokerage**, every trader and investor must pay government-mandated taxes and exchange fees, which include: * **DP Charges:** Charged when you sell shares from your Demat account (typically ₹13.5 to ₹20 + GST per company/scrip per day). * **STT (Securities Transaction Tax):** Mandatory tax levied by the Indian government on delivery, intraday, and F&O transactions. * **Exchange Transaction Charges & GST:** 18% GST applies on brokerage, exchange transaction charges, and DP fees. * **Stamp Duty & SEBI Turnover Fees:** Minor regulatory charges calculated on order turnover value.

As of July 2026, the lowest brokerage fees in India are dominated by discount brokers offering free equity delivery and flat-fee trading for intraday and derivatives. Based on 2026 market data, here are the top brokers offering the lowest brokerage: - **Zerodha:** Continues to be the market leader, charging **₹0** for equity delivery and a flat **₹20** per executed order for intraday & F&O. - **Groww:** A top choice for beginners, featuring zero account maintenance charges (AMC) and a flat fee of **₹20** or 0.05% (whichever is lower) for intraday. - **m.Stock:** Offers a specialized zero-brokerage plan, often listing a **₹0 brokerage on all products** (delivery, intraday, F&O) under their subscription plans. - **Angel One:** Offers a competitive pricing structure of **₹0 brokerage for the first 30 days** (up to ₹500), then a flat ₹20 per order. - **Finvasia / Shoonya:** Known for offering zero brokerage across all segments (including F&O) permanently, with no hidden costs. - **ProStocks:** Provides zero brokerage on equity delivery and offers subscription-based unlimited trading plans. **Key 2026 Brokerage Trends:** - **Delivery Trading:** Almost all major discount brokers (Zerodha, Groww, Upstox) offer **free equity delivery**. - **Intraday/F&O:** The industry standard for low-cost trading is **₹20 per executed order**. - **Account Fees:** Free Account Opening (Zero AMC) is commonly offered by apps like Groww. *Note: Brokerage charges can change, and they do not include taxes (STT, GST) or transaction charges, which are regulatory expenses.* If you want to know which broker is best for you, tell me: - Are you an **intraday trader**, **F&O trader**, or a **long-term investor**? - What is your **estimated monthly turnover**? - Do you need **research reports/advisory**? I can pinpoint the best option for your specific strategy.