Getting the lowest brokerage charges in India is an essential factor in maximizing your returns. Minimum brokerage charges are the minimum commission you pay every time you buy or sell stocks and other securities. Discount brokers provide the lowest brokerage fees, as they charge almost zero brokerage on trades, i.e., you don’t have to pay any commission on buying and selling stocks.
For low brokerage demat account, always choose Discount brokers because they offer low brokerage in India compare to full service stock broker.
List of Stock Brokers Offering Lowest Brokerage Charges in India:
| Stock Brokers | Intraday | Delivery | Futures | Options | AMC |
|---|---|---|---|---|---|
| Zerodha | ₹20 or 0.03% | ₹0 | ₹20 or 0.03% | ₹20 | ₹300 |
| Upstox | ₹20 or 0.1% | ₹20 | ₹20 or 0.05% | ₹20 | ₹300 |
| Angel One | ₹20 or 0.1% | ₹20 or 0.03% | ₹20 | ₹20 | ₹240 |
| Groww | ₹20 or 0.1% | ₹20 or 0.1% | ₹20 | ₹20 | ₹0 |
| m.Stock | ₹5 | ₹0 | ₹5 | ₹5 | ₹880 |
| 5paisa | ₹20 | ₹20 | ₹20 | ₹20 | ₹200 |
| ICICI Direct | ₹20 | ₹20 | ₹20 | ₹20 | ₹300 |
| Kotak Securities | ₹10 | ₹10 | ₹10 | ₹10 | ₹100 |
| Dhan | ₹20 | ₹0 | ₹20 | ₹20 | ₹0 |
| Motilal Oswal | 0.02% | 0.20% | 0.02% | ₹20 | ₹200 |
How to choose the right broker with lowest brokerage charges?
For each investor or trader, selecting the broker with the low brokerage is an essential choice. Making the perfect decision might be difficult with so many alternatives available. Here is some points to consider while choosing: –
- Examine the brokerage fees that various brokers are offering. Choose brokers with cheap flat fees or with special deals for active traders.
- Read for terms and conditions, mark if any hidden fees are there.
- Next, think over the tools and trading platforms that each broker offers. Your trading productivity and experience can be improved by using a platform that is both user-friendly and feature-rich.
- Customer assistance is a further crucial element. Pick a broker who provides efficient and dependable client support across many platforms including phone, email, or live chat.
- You may find a trustworthy and cost-effective broker who satisfies your trading needs by taking these elements into account in addition to the lowest brokerage fees.
Compare Stock Brokers With Their Brokerage Charges
here are some top stock brokers and we have listed brokerage charges for all the brokers you can compare all these charges-
| Stock Brokers | Brokerage charges for delivery trades | Max Brokerage charges for intraday/per trade | Max Brokerage charges for F&O/per trade | Max Brokerage charges for commodity/per trade | Max Brokerage charges for currency trades/per trade |
|---|---|---|---|---|---|
| m.Stock | Zero | 5/- | 5/- | – | – |
| Zerodha | Zero | 20/- | 20/- | 20/- | 20/- |
| Upstox | 20/- | 20/- | 20/- | 20/- | 20/- |
| Angel One | 20/- | 20/- | 20/- | 20/- | 20/- |
| 5paisa | 20/- | 20/- | 20/- | 20/- | 20/- |
Top Stock Brokers with Lowest Brokerage Charges
Zerodha
Zerodha offers a free account opening for Indian residents and charges zero brokerage on equity delivery, Rs 20 or 0.03% for intraday, Rs 20 or 0.03% for Futures, and Rs 20 for Options. Zerodha charges Annual Maintenance Charges (AMC) of Rs 300 for maintaining your demat account. Account opening fees for NRI are Rs 500 and a yearly AMC of Rs 500. NRI equity brokerage is Rs 50 or 0.5% for Non-PIS (Portfolio Investment Scheme) accounts, and charges for Futures & Options are Rs 50 for Non-PIS and Rs 200 for PIS accounts.
Key Features:-
- Zero brokerage of equity delivery
- Secure by 2 factor authentication
- Multiple trading platforms
- Basket order placement
Fees & Charges:
| Account Opening Fee | AMC | Equity Delivery | Equity Intraday | Call & Trade Charges |
|---|---|---|---|---|
| ₹0 | ₹300 | Zero | ₹20 or 0.03% | ₹20 |
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Upstox
Upstox offers a free account opening and charges Rs 20 brokerage on equity delivery, Rs 20 or 0.1% for intraday, Rs 20 or 0.05% for Futures, and Rs 20 for Options. Upstox charges Annual Maintenance Charges (AMC) of Rs 300 for maintaining your demat account. Upstox does not offer trading services to NRIs.
Key Features:-
- Advance charting tools
- Seamless trading platform
- 24/7 customer support
Fees & Charges:
| Account Opening Fees | AMC | Equity Delivery | Equity Intraday | Call & Trade Charges |
|---|---|---|---|---|
| Free | ₹300 | ₹20 | ₹20 or 0.1% | ₹20 |
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Angel One
Angel One offers a free account opening and charges Rs 20 brokerage on equity delivery, Rs 20 or 0.03% for intraday, Rs 20 or 0.1% for Futures, and Rs 20 for Options. Angel One charges Annual Maintenance Charges (AMC) of Rs 240 for maintaining your demat account. Account opening fees for NRIs are Rs 500 and AMC is Rs 450 for one year or a one-time fee of Rs 2950 for lifetime. Charges for NRI equity delivery are 0.50% per order.
Key Features:-
- No account opening fee
- Free online courses on Investments
- Live chat and support
- two-in-one account
Fees & Charges:
| Account Opening Fees | AMC | Equity Delivery | Equity Intraday | Call & Trade Charges |
|---|---|---|---|---|
| Free | ₹240 | ₹20 or 0.03% | ₹20 or 0.1% | ₹20 |
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5Paisa
5Paisa offers a free account opening and charges Rs 20 brokerage on equity delivery, Rs 20 for intraday, Rs 20 for Futures, and Rs 20 for Options. 5Paisa charges Annual Maintenance Charges (AMC) of Rs 200 for maintaining a demat account. 5Paisa does not offer NRI trading and Demat accounts.
Key Features:-
- Easy UI of trading platforms
- Multiple trading tools available
- Secure and encrypted server
Fees & Charges:
| Account Opening Fees | AMC | Equity Delivery | Equity Intraday | Call & Trade Charges |
|---|---|---|---|---|
| Free | ₹200 | ₹20 | ₹20 | ₹20 |
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Groww
Groww offers a free account opening and charges Rs 20 or 0.1% brokerage on equity delivery, Rs 20 or 0.1% for intraday, Rs 20 for Futures, and Rs 20 for Options. Groww does not charge Annual Maintenance Charges (AMC) for maintaining a demat account. Groww charges a one-time fee of Rs 500 for account opening and Rs 500 for AMC. NRI equity delivery brokerage charges are Rs 20 or 0.05% per trade and Rs 20 for Futures & Options.
Key Features:-
- Zero account opening fee
- User friendly interface
- Financial Planning Calculator
Groww Fees & Charges:
| Account Opening Fees | AMC | Equity Delivery | Equity Intraday | Call & Trade Charges |
|---|---|---|---|---|
| Free | Zero | ₹20 or 0.1% | ₹20 or 0.1% | ₹20 |
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How is the Brokerage Fee Calculated?
Making wise judgements regarding your assets can be aided by having a solid understanding of how brokerage fees are determined and how they operate. Stock brokers determine three separate brokerage fees in the following three ways:
Percent-based charge – A predetermined proportion of the transaction value is the basis for the percentage-based charge. For instance, if the deal value is Rs. 10,000 and the brokerage cost is 0.2%, the investor needs pay Rs. 20 in brokerage fees.
Per-trade flat rate – The broker charges a predetermined fee per trade, say Rs. 20, regardless of the magnitude of each transaction they carry out.
Hybrid refueling – In the hybrid fee system, flat fees and percentage-based fees are both employed.
Example – The brokerage fee typically varies from 0.01% to 0.5% of the entire transaction amount. For instance, the total fee would be Rs. 10 if the share was worth Rs. 10,000 and the brokerage fee was 0.1%. Additionally, a number of brokers impose a set brokerage price each trade that typically runs from Rs. 10 to 100.
Why Low Brokerage Charges Are Important?
Finding a stock broker that levies reasonable brokerage charges is one of the most important things to take into account before entering the world of stock market investments. After all, cutting expenditures may have a big effect on your total profits. In the field of stockbroking, investors spend a lot of money on the brokerage which may be a downside for many of them.
This is where choosing the stock broker with lowest brokerage charges in India becomes necessary for them. Today, there are numerous stock brokers available in the market like Zerodha, m.Stock that give a new dimension to brokerage fees. If you are looking to save big on brokerage, it is necessary to keep a close watch on the competitive brokerage charges.
Lowest Brokerage Charges for Futures
The intraday brokerage costs may vary depending on the pricing structure and the broker. Brokerage costs for futures are generally either a flat amount per trade or a percentage-based expense. The price may be in the range of 0.01% to 0.05% of the total contract value in terms of percentage-based fees. The cheapest brokerage charge is 0.01%. However, in the case of flat fee brokerage, the brokers charge a predetermined fee that might be anywhere between Rs 10 and Rs 100 for each sale.
Additionally, it’s critical to be aware that brokerage fees might vary from broker to broker based on the type of account and trading activity of the trader.
| S.No. | Stock Broker | Low brokerage in Future |
|---|---|---|
| 1 | m.Stock | ₹5 per Executed Order |
| 2 | Zerodha | ₹20 per executed order |
| 3 | Upstox | ₹20 per executed order |
| 4 | Groww | ₹20 per executed order |
Lowest Brokerage Charges For Intraday
The brokerage fees for intraday trading will vary in a manner similar to this based on the fee schedules supplied by various brokers. A fixed rate per trade or a percentage-based charge are also possibilities. While percentage-based brokerage fees range from 0.01% to 0.05% of the total transaction value, the lowest brokerage prices are 0.01%. On the other hand, each deal has fixed charges that vary from Rs. 10 to Rs. 20. Percentage-based fees are calculated as follows:
If an investor sells or buys shares worth Rs. 5,00,000 in a single day at a 0.05% charge, they must pay Rs. 250 as the brokerage charges.
Low Brokerage Charges in India For Delivery
Both flat fees per trade and percentage-based fees are included in the brokerage expenses for delivery. The percentage fees might range from 0.10 to 0.50 percent of the transaction’s total value. The smallest brokerage charge for delivery is 0.10%. As a result, the investor will be accountable for paying Rs. 300 in brokerage costs if they purchase shares for Rs. 1,00,000 with a 0.30% brokerage cost. Additionally, each trade has a fixed fee between Rs. 10 and Rs. 25. One must consider the broker fee structure before starting to trade.
Lowest Brokerage Charges for Options in India
For trading options, percentage-based brokerage costs might range from 0.1% to 0.05% of the overall contract value. For instance, the investor would be required to pay the broker Rs. 50 if the contract they purchased is worth Rs. 1,000,000 and the brokerage fee is Rs. Each trade might cost anything between Rs. 10 and Rs. 100 if the brokerage has a defined fee. As with any other form of trading, the brokerage fee, or the low brokerage charges for options in India, can change based on the number of transactions and the type of trading account that investor controls.
| S.No. | Stock Broker | Low brokerage in Options trading |
|---|---|---|
| 1 | m.Stock | ₹5 per executed Order |
| 2 | Zerodha | ₹20 per executed order |
| 3 | Upstox | ₹20 per executed order |
| 4 | Groww | ₹20 per executed order |
Low Brokerage Demat Account in India
Several brokerage firms in India were known to offer low brokerage Demat accounts. However, the specific brokerage fees and account terms may change over time, so it’s essential to check with the latest information and compare various options to find the one that best suits your needs. Some of the brokers that were known for offering low brokerage Demat accounts in India included:
| Low Brokerage Demat Account | Account Opening Charges | Account Maintenance Charges |
|---|---|---|
| Groww | Free | Zero |
| Zerodha | Free | Rs 300 |
| Upstox | Free | Rs 300 |
| m.Stock | Free | Rs. 880 |
Conclusion
An investor must have a Demat account in India before investing in the stock market through a stock broker with the lowest brokerage fees. There are several online tools that may provide you all the information you need to start a career as an investor.
The intraday brokerage costs may vary depending on the pricing structure and the broker. Brokerage costs for futures are generally either a flat amount per trade or a percentage-based expense. The price may be in the range of 0.01% to 0.05% of the total contract value in terms of percentage-based fees. The cheapest brokerage charge is 0.01%. However, with flat fee brokerage, the brokers charge a predetermined fee for each trade that they complete.
Frequently Asked Questions
What does “Lowest Brokerage” really mean?
“Lowest Brokerage” refers to the lowest cost a broker charges for the execution of trades on your behalf. In India, the most common way of entering the space is by using a discount broker, which gives you the following well-known plans: ₹0 brokerage on equity delivery trades or a fixed low fee (e.g. ₹20) for intraday, F&O and/or currency trades no matter the size of the transaction.
Which brokers offer the lowest brokerage in India?
Discount brokers generally have the lowest brokerage where they provide a decent trading platform but do not provide advisory services so they can operate at lower costs. Examples of popular discount brokers in India are Zerodha, Angel One, Upstox, Groww, and 5paisa.
What Is maximum Brokerage Fee Charged by A Broker?
According to the guidelines set by the SEBI, no stock broker can charge more than 2.5% of the overall trade value for equity delivery trades and 0.25 & for intraday trade orders.
Is “Zero Brokerage” really free?
“Zero Brokerage” typically applies only to equity delivery trades (where you purchase and hold stocks for more than a day). For all other segments such as intraday trading, F&O and currency, brokerages do charge a small fee. Also, remember that even for “zero brokerage” trades, statutory charges such as STT, GST, and SEBI charges are charged even if there are no brokerage charges.
Is brokerage the only charge I need to pay?
No, and this is the most important point. Brokerage is just one component. Even with zero brokerage, you must pay mandatory statutory charges, which include:
1. Securities Transaction Tax (STT)
2. Goods and Services Tax (GST)
3. Transaction Charges (by NSE/BSE)
4. Stamp Duty
5. SEBI Turnover Fee
So, while your brokerage cost might be zero, your trade is never completely free.
Is it possible to transfer my Demat account to a cheaper broker?
Yes, absolutely. You can easily switch your Demat account from an expensive broker to a cheaper one through a process called Demat Account Transfer or off-market transfer. It is a seamless, fully digital process managed by your new broker, and you don’t need to sell your existing holdings.
Who is less expensive: a full-service broker or a discount broker?
Typically, discount brokers are a lot less expensive, especially for most retail investors and traders. Full-service brokers (like ICICI Direct, HDFC Sec, Kotak Sec) are typically charging a percentage-based brokerage (for example, 0.25%-0.50%) and this can get very expensive for larger trade values. The expense is reasonable if you are receiving research, advisory, and other support services for the cost.