Recently, lots of people in India have started putting their money into the stock market because it’s growing fast. This means more regular people are getting involved in buying and selling stocks.
Plus, with online trading that offers discounts, it’s become really easy and cheap for them to invest in things like stocks, currencies, and other market stuff.
And what’s interesting is that the brokers who charge the least for their services in India are doing better than the ones who charge more.
The reason is clear: when stockbrokers charge lower fees, it means investors pay less for trading. If you want to invest in stocks without spending a lot, it’s smart to pick a stockbroker with low fees in India.
But what exactly are low brokerage charges and which stockbrokers offer them? You’ll find out everything right here in this post.
Table of Contents
What Are The Lowest Brokerage Charges?
The lowest brokerage charges mean the lowest price a stockbroker can charge for their services. This happens when the calculated brokerage fee is less than the minimum brokerage charges, with a minimum amount set by the stockbroker. Each stockbroker has their own minimum brokerage fee.
According to SEBI (Securities & Exchange Board of India), stock brokers can’t charge more than 2.5% of the total order value as brokerage fee.
But there’s no rule from SEBI about the minimum brokerage. Stockbrokers can set their own minimum brokerage Charge.
Here, we’ll talk about the best stock brokers in India with the lowest brokerage charges for F&O. We’ll compare their brokerage fees too.
Why are Lowest Brokerage Charges Important?
In any stock-related transaction happening over the stock market, the role of stock broker is paramount. And to avail their services, an investor needs to pay a certain amount to the broker against the chosen services.
This is known as brokerage. The higher the brokerage charges, the more will be the overall trading cost.
The more stocks you buy or sell, the more brokerage fees you are liable to pay, which means higher trading costs. Therefore, a majority of investors choose stockbrokers with the lowest brokerage charge rate so as to keep their overall trading costs in control.
GST is yet another essential component that gets affected due to brokerage. This is because the brokerage charges are subject to an 18% GST tax. The tax of full-service brokers is more than the brokerage itself of cheap brokers, which may be quite surprising but true.
Taxes are also increased by brokerage, which is deducted from our ledger. Therefore, having a Demat account with the lowest brokerage charges in india is crucial.
How to Choose a Broker with the Lowest Brokerage Charges?
An investor may save a good deal of money by selecting the correct broker. Here are some important considerations for choosing the best decision:
Brokerage Structure: Different brokers have different charge structures. Therefore, the investor must compare the costs in order to choose which broker would be the most economical.
Minimum amount Requirement: A few brokers may demand that the investor have a certain minimum amount in their trading account. Therefore, while selecting a broker, this must be taken into account.
Hidden costs: A broker may impose hidden costs for account opening, software, and other services, which might raise the cost of trading overall. Investors must select a broker that is open about the costs they charge.
Extra Offers: Investors can also look for any additional discounts and promotions that the broker may be offering. The investor’s wallet is therefore spared from some additional expenses.
Customer Support: Last but not least, choosing the best broker requires considering customer service. Pick a company that provides exceptional and helpful services to its clients.
Top 5 Stock Brokers with Lowest Brokerage Charges In India
If you are looking for the top stock brokers in India with the lowest brokerage charges, look at the following stock brokers falling under this category.
1. M.Stock
M.Stock is a product by Mirae Asset, which is counted among the top financial service providers globally. m.Stock is an investment platform by the stockbroker.
The new trading product combines access to several trading and investment products under one roof with a zero-brokerage and no-commission business model. The stockbroker provides India’s lowest brokerage fees.
Also Read: m.Stock Review
For the lowest brokerage for intraday, delivery, and F&O trading orders, there is no brokerage charge levied by the stockbroker. The brokerage details are given below:
| Category | Brokerage Charges |
| Equity Delivery | Zero |
| Equity Intraday | ₹5 per order |
| Equity Futures | ₹5 per order |
| Equity Options | ₹5 per order |
| Currency Futures | ₹5 |
| Currency Options | ₹5 |
| Commodity Futures | N/A |
| Commodity Options | N/A |
2. Kotak Securities
Kotak Securities is a popular stockbroker in India. It’s well-known for its fast and simple ways to invest in mutual funds, commodities, and stocks. It’s part of Kotak Mahindra Bank, a big banking group in India.
Besides helping with investments, Kotak Securities offers other services like insurance, market research, keeping securities safe, and managing portfolios.
The lowest brokerage charges in India are offered by Kotak Securities, which stands at just Rs. 10 per order for trading in futures and options.
The Trade Free Plan, Trade Free Youth, and Trade Free Pro are all offered by Kotak Securities.
| Category | Trade Free Plan | Trade Free Youth | Trade Free Pro |
|---|---|---|---|
| Equity Delivery | 0.20% | ₹0 | 0.10% |
| Equity Intraday | ₹10 per order or 0.05% | ₹10 per order or 0.05% | ₹10 per order or 0.05% |
| Equity Futures | ₹10 per order | ₹10 per order | ₹10 per order |
| Equity Options | ₹10 per order | ₹10 per order | ₹10 per order |
| Currency Futures | ₹10 per order | ₹10 per order | ₹10 per order |
| Currency Options | ₹10 per order | ₹10 per order | ₹10 per order |
| Commodity Futures | ₹10 per order | ₹10 per order | ₹10 per order |
| Commodity Options | ₹10 per order | ₹10 per order | ₹10 per order |
3. Zerodha
Zerodha comes at the top of the list of best discount stockbrokers in India. It is the first stockbroker which brought the concept of stock broking in India.
Actually, one of the brokers that introduced the flat-fee Rs. 20 brokerage model to India and contributed to the spread of the concept of low brokerage was Zerodha.
In addition to having the lowest brokerage charges in India, the stockbroker is recognised for its speedy and user-friendly Kite trading platform, which can be used from both web browsers and mobile phones.
Zerodha, which costs a brokerage fee of ₹20 per order (or 0.03%) for trading intraday stock, equity derivatives, commodities, and currencies, is one of the most affordable brokers. There are no brokerage costs associated with stock delivery.
Also Read: Zerodha Review
| Trading Categories | Brokerage |
| Equity Delivery | ₹ 0 (Free) |
| Equity Intraday | ₹20 or 0.03% (whichever is lower) per traded order |
| Equity Future | ₹20 or 0.03% (whichever is lower) per traded order |
| Equity Options | ₹20 per executed order |
| Currency Futures | ₹20 or 0.03% (whichever is lower) per traded order |
| Currency Options | ₹20 per trader order |
| Commodity Futures | ₹20 or 0.03% (whichever is lower) per trader order |
| Commodity Options | ₹20 per trader order |
4. Shoonya by Finvasia
Shoonya by Finvasia is a commission-free online trading platform designed for Indian investors and traders. It allows users to trade equities, futures, options, commodities, currencies, mutual funds, ETFs, bonds, and IPOs across NSE, BSE, MCX, and NCDEX. Shoonya is known for its zero brokerage, zero account opening charges, and zero annual maintenance charges.
The platform offers advanced charting tools, screeners, TradingView integration, and free APIs for algo trading. Available on mobile, web, and desktop, Shoonya suits both beginners and active traders. Its simple interface and low-cost structure make it popular among frequent market participants today, seeking affordable and efficient trading solutions.
| Trading Category | Brokerage |
| Equity Delivery | Zero |
| Equity Intraday | 0.03% or ₹5 per executed order |
| Equity Futures | 0.03% or ₹5 per executed order |
| Equity Options | Flat ₹5 plus GST per executed order |
| Currency Futures | 0.03% or ₹5 per executed order |
| Currency Options | Flat ₹5 plus GST per executed order |
| Commodity Futures | 0.03% or ₹5 per executed order |
| Commodity Options | Flat ₹5 plus GST per executed order |
5. Angel One
Angel One is a well-known stockbroker in India. It started in 1987. They have a fancy trading platform with lots of cool stuff.
Angel One changed its brokerage fees. Before, full-service stock brokers in India charged a small percentage of the value of each trade. But because there were lots of other cheap brokers around, Angel One decided to charge a flat fee instead.
Also Read: Angel One Review
| Trading Category | Brokerage |
| Equity Delivery | ₹20 per executed order |
| Equity Intraday | ₹20 per executed order |
| Equity Futures | ₹20 per executed order |
| Equity Options | ₹20 per executed order |
| Currency Futures | ₹20 per executed order |
| Currency Options | ₹20 per executed order |
| Commodity Futures | Rs 20 per executed order |
| Commodity Options | Rs 20 per executed order |
Brokerage Charges Comparison of Top 5 Stock Brokers in India
Below is a table that highlights the top features and lowest brokerage charges levied by the top 5 stock brokers in India.
| S.NO | Stockbroker Name | Lowest Brokerage Charges |
| 1 | Mirae Asset | Zero for equity delivery and Rs 5 for other segments |
| 2 | Kotak Securities | 0 for equity delivery and max Rs. 20 for other categories |
| 3 | Zerodha | 0 for equity delivery and Flat Rs. 20 or 0.03% for other categories |
| 4 | Nuvama | Flat Rs. 10 per executed order |
| 5 | Angel One | 0 for equity delivery and Flat Rs. 20 per executed order across other categories |
Conclusion
In the Indian stock market, when you invest, you’ll always have to deal with brokerage fees. This is important, especially if you trade a lot, as a big chunk of your money goes to brokerage.
So, most investors aim for the lowest brokerage charges in India to save money and make more profit.
Nowadays, many stockbrokers offer low brokerage charges in India. You can compare these charges and choose the best one for yourself.
FAQs on Lowest Brokerage Charges
Q.1. Does Zerodha offer zero brokerage?
Ans. Yes, Zerodha, one of the leading stock brokers in India, charges zero brokerage for trading in the equity delivery segment.
Q.2. What are the lowest brokerage charges in India in 2026?
Ans. Punch Trade offers one of the lowest brokerage charges in India, with just ₹1 per order. This ultra-low pricing makes it a highly affordable option for traders compared to brokers charging ₹20 per order.
Q.3. What is the cheapest brokerage?
Ans. The cheapest brokerage is zero which is levied by various stockbrokers in India like Zerodha, Kotak Securities and others in a few or all trading segments.
Q.4. Which is India’s largest broker?
Ans. Zerodha is the largest broker in India in terms of active client base which stands at over six million.
Q.5. Which Demat account is free of cost?
Ans. There are several stockbrokers in India that provide a free Demat account to their clients. Some of them are Zerodha, Upstox, and others.