Lowest Brokerage Charges in India 2021

Lowest Brokerage Charges in India For Online Trading

For all those who are looking for a stock broker, this blog not only helps you in trading but also helps you to find the lowest brokerage charges in India offered by stock brokers, it is first essential to understand the two basic classifications of brokers in India.

lowest brokerage charge in india

All the brokers in India is classified into two categories, namely full-service broker and discount broker.

Full-Service Broker

Full-service or a traditional broker not only provides you the services of buying and selling of shares but also offers a variety of services to make your share trading experience a profitable one.

The customers get personal trading advice from their brokers, which helps them in making trading decisions that generate good returns.

Discount Broker

A discount broker, on the other hand is the one which charges a discounted rate of brokerage or a flat fee brokerage for every executed order. So If you are looking for Lowest Brokerage Charges in India then Discount Broker might be your good option.

Discount brokers offer you advanced trading technology. However, they lack the helping hand required for trading.

The brokerage charged is fixed irrespective of the number of stocks traded by the investors.

How to choose the right broker for you?

Selecting between a full-service broker and a discount broker depends upon the purpose and time duration of the investment.

For traders trading multiple times in a day, it is beneficial to associate with a discount broker as they charge a low amount or a flat amount of brokerage irrespective of the size and number of trades.

Also, discount brokers are suitable for people planning to make a short-term investment. This is again because they offer a lowest brokerage charges.

On the other hand, people investing in the stock market for a longer duration, it is beneficial to associate with a full-service broker. This is because when you follow the strategy of buy and hold the stock, the data should be accurate so that you can make the best investment decisions.

Also, they will provide personal assistance through experts who understand the market trends well and can build an active investment strategy for you.

No matter whether you select a full-service broker or a discount broker, make sure that you pay attention to the reputation of the stock broker in the market. Before trusting any broker with your money, research well about the background, the relevant experience, reviews from existing customers, complaints regarding the broker, if any, and their personal experience.

Always choose a broker who has good experience and has up to date knowledge of market trends.

Lowest Brokerage Charges in India

The lowest brokerage is something that every trader wants to have, whether he is a beginner or an experienced trader. But, none of the traders want to compromise on the quality of services that they receive.

Earlier, most of the brokers operating in India were full-service brokers who made trading a costly affair.

With the advancement in technology, the dynamics of stockbroking have changed with a lot of online brokers operating in the market.

The main focus point of the discount brokers is the high brokerage charged by the full-service brokers.
With so many stockbrokers willing to serve the traders and investors, it becomes extremely difficult for them to choose which stock broker is the best for them.

For the convenience of all the traders and investors, we have curated a list of top 10 stock brokers in India comparing the various Demat Account charges charged by them.

Here is a list comparing the various charges charged by different stock brokers in India:


S.No. Top Stock Brokers in India Account Opening Charges Demat Maintenance Charges Brokerage in all NSE Segments Online Trading platform
1 Wisdom Capital Free Rs.999+GST 0.00 in all NSE, BSE segments NSE NOW, NEST, Fox Trader
2 ICICI Direct Rs. 975 Rs. 500 (1 year onwards) For Less than ₹ 25 Lakhs, 0.75% Normal: 0.55% Trade Racer
3 RKSV Rs. 150 Rs. 150 Rs. 20/executed order or 0.01% UPSTOX PRO
4 Kotak Securities Rs. 975 Rs. 500 (1 year onwards) 0.59% KEAT PRO X
5 SAS Online Rs. 200 Rs. 200 per year Rs 9/executed order SAS Online Trader
6 HDFC Securities Rs. 999 Rs. 750 0.50% HDFC Securities Blink
7 Zerodha Rs. 300 Rs. 300 per year Rs 20/trade or 0.01% whichever is lower Zerodha PI
8 SBI Securities Rs. 850 Rs. 500 0.15% intraday & 0.5% delivery SBI Smart Express
9 5 Paisa Rs. 650 Rs. 400 per year Rs 10 /executed order or 0.1% 5 Paisa Trade Station
10 Sharekhan Classic Acc: Rs.750; Trade tiger Acc: Rs. 1000 Rs. 400 0.50% Trade Tiger

Top 5 Brokers with Lowest Brokerage Charges in India

Here is a list of top 5 stock brokers in India that offer stock broking services at the lowest brokerage charges. If you still have some doubts, you can consider choosing from these brokers for opening a Demat and Trading Account for meeting your trading needs.

  • Zerodha – It offers one of the lowest brokerage charges in NSE options trading.
  • Upstox – The account opening charged is Rs. 200, and the first five trades in a month are free of cost.
  • Wisdom Capital – It does not charge any amount as a brokerage for trades made by the account holders.
  • 5paisa – The account opening charges are Rs.150, and the minimum brokerage charges are Rs.10 per trade. However, the Annual Maintenance Charge is Rs.400/-.
  • SAS Online – The brokerage charged by SAS Online is Rs.9/-per trade, however, the account opening charge is Rs.400, and the Demat AMC charged is Rs.500 per year.

Conclusion – Lowest Brokerage Charges in India

Though there are a lot of stock brokers operating in India, choosing the right broker for yourself that also have lowest brokerage charges is still a tough task for many new and experienced traders. To select the best stock broker to meet your financial goals and requirements is to pay attention to a variety of aspects. These are the account opening charges, lowest brokerage charges, Demat AMC charge, call n trade facility provided by the stock broker, margin facility, expert advisory services, trading platforms, and other facilities offered. Since it is an important decision to make, don’t rush with the process of choosing the best stock broker for yourself.

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