When it comes to investing in the stock market, every rupee saved on brokerage is a rupee that can be reinvested. Even small charges eat into returns over time, especially for frequent traders. Finding a broker with the lowest brokerage charges is no longer just a preference—it’s a strategy for maximizing your returns. We break down the complex fee structures of top brokers, providing a clear, up-to-date comparison of who truly offers the lowest brokerage charges for equity, F&O, and intraday trading in India.
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 | Delivery Brokerage | Intraday Fee | F&O Charge | Commodity Charge | Currency Fee |
|---|---|---|---|---|---|
| m.Stock | Zero | ₹5 | ₹5 | NA | NA |
| 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:
| AOC | 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:
| AOC | 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:
| AOC | 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:
| AOC | 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:
| AOC | 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.
| Stock Broker | Low brokerage in Future |
|---|---|
| m.Stock | ₹5 per Executed Order |
| Zerodha | ₹20 per executed order |
| Upstox | ₹20 per executed order |
| 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.
| Stock Broker | Options Brokerage |
|---|---|
| m.Stock | ₹5 per executed Order |
| Zerodha | ₹20 per executed order |
| Upstox | ₹20 per executed order |
| 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 | Opening Charges | Maintenance Charges |
|---|---|---|
| Groww | Free | Zero |
| Zerodha | Free | Rs 300 |
| Upstox | Free | Rs 300 |
| m.Stock | Free | Rs. 880 |
Conclusion
The performance of your portfolio can be significantly improved by selecting a broker with the lowest brokerage charges. However, the cheapest isn’t always the best; the right one is the one that aligns with your trading habits and goals. While brokers like Zerodha, m.Stock, Upstox, Angel One, Groww, and others offer some of the lowest charges in India, it’s important to weigh other factors too — such as platform usability, hidden fees, customer support, and reliability. Use this guide as a benchmark, compare your options carefully, and switch or open a new Demat account only after confirming costs and services.
User Experience – Lowest Brokerage Charges in India
I’ve been trading in the Indian stock market for the past few years, mostly doing intraday and occasional F&O trades. One thing I learned the hard way is that brokerage charges really matter — especially when you trade frequently. Even ₹20 per trade adds up faster than we realize.
When I came across this article on lowest brokerage charges in India for online trading, it honestly simplified things for me.
Earlier, I used to compare brokers randomly — checking one website for Zerodha charges, another for Groww, and somewhere else for m.Stock. It was confusing and time-consuming. This article brought everything together in one place — intraday, delivery, futures, options, and even AMC charges. That comparison table saved me a lot of effort.
What I personally liked:
- The side-by-side brokerage comparison
- Clear explanation of percentage-based vs flat fee brokerage
- Separate breakdown for Futures, Intraday, Options, and Delivery
- AMC and account opening charges mentioned clearly
As someone who trades options frequently, the section on lowest brokerage charges for Options was especially helpful. Seeing that m.Stock charges ₹5 per executed order while others charge ₹20 helped me evaluate whether switching brokers would make sense for my trading volume.
Another useful part was the explanation that lowest brokerage isn’t everything. Earlier, I only focused on charges. But after reading this, I started considering platform stability, customer support, and hidden charges too.
For beginners, this article works like a complete starting guide. For active traders, it works as a benchmarking tool to calculate potential savings.
If you’re trading regularly and not tracking your brokerage expenses, this article might open your eyes like it did for me. Even small savings per trade can significantly improve long-term returns.
Overall, this article didn’t just list brokers — it helped me think more strategically about brokerage selection.
Frequently Asked Questions
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.
Does low brokerage mean lower service quality?
Not necessarily. Many low brokerage brokers offer advanced trading apps, fast order execution, and strong technology. However, research reports and advisory services may be limited compared to full-service brokers.
Is the lowest brokerage broker suitable for beginners?
A broker offering the lowest brokerage charges can be suitable for beginners if it provides a user-friendly trading platform, research tools, and good customer support. Cost savings are important, but ease of use and reliability matter equally.
Are discount brokers cheaper than full-service brokers?
Yes, discount brokers generally offer the lowest brokerage charges in India because they operate on a flat-fee model. Full-service brokers typically charge a percentage-based brokerage, which can be higher for active traders.
