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

All the brokers in India is classified into two categories, namely full-service broker and discount broker. Like the name discount brokers offer the lowest brokerage charges compare to full service brokers.

Discount brokers offer you low brokerage demat account and advanced trading technology at Lowest Brokerage Charges in India. However, they lack the helping hand required for trading.


List of Lowest Brokerage Charges charged by various Stock Brokers in India:

S.No. Top Stock Brokers in India Account Opening Charges Demat Maintenance Charges Brokerage in all NSE Segments Get Started Now
1 Aliceblue Free Rs.400+GST Rs 15 per order
2 Angel Broking Free Rs.250 (1 year onwards) Zero
3 Upstox Rs. 150 Rs. 150 Rs. 20/executed order or 0.01%
4 Kotak Securities Rs. 975 Rs. 500 (1 year onwards) 0.59%
5 SAS Online Rs. 200 Rs. 200 per year Rs 9/executed order
6 HDFC Securities Rs. 999 Rs. 750 0.50%
7 Zerodha Rs. 300 Rs. 300 per year Rs 20/trade or 0.01% whichever is lower
8 SBI Securities Rs. 850 Rs. 500 0.15% intraday & 0.5% delivery
9 5 Paisa Rs. 650 Rs. 400 per year Rs 10 /executed order or 0.1%
10 Sharekhan Classic Acc: Rs.750; Trade tiger Acc: Rs. 1000 Rs. 400 0.50%


How to choose the right broker in terms of brokerage charges?

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 lowest brokerage 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 the 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.

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

Stock Broker with Lowest Brokerage Charges in India

Stock Broker  Brokerage fee(Lowest) Account Opening Fees Brokerage for Equity Delivery No. of Active Clients
ICICI Direct Rs 35 per trade in I-Secure Plan Rs 0 (Free) 0.55% 3,031,192
Kotak Securities Rs 21 per executed order Rs 0 (Free) 0.25% 1,256,001
Motilal Oswal Rs 25 for Delivery and Rs 12 for Intraday Rs 0 0.50% 896,851
Sharekhan Intraday: 5 paisa, Delivery: 10 paisa, Future Rs 0.001 per share Rs 0 (Free) 0.50% 764,250
SBI Securities Rs 0.05 for Cash, Rs 0.01 Future Rs 850 0.50% 635,384
Axis Direct Rs 20 per trade Rs 900 0.50% 422,358
Geojit 1p per share or Rs 20/contract whichever is higher Rs 425 0.30% 234,546
Edelweiss 0.03% Equity delivery, 0.01% Intra-day & Futures Rs 0 (Free) Rs 10 per executed order 193,041
Aditya Birla Money Rs 20 per executed order Rs 750 0.30% 68,292
IDBI Capital Rs 25/trade or 2.5% of the trade value whichever is lower. Rs 500 0.50% 66,639


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. These 5 brokers also offer low brokerage demat account. 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.Note: – They also provide lowest brokerage trading app in India, we have mentioned the brokerage charges on trading offered by these top 5 brokers.

Lowest Brokerage Charges in India

The lowest brokerage charges is something that every trader wants to have, whether he is a beginner or any among top traders in India. 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 offer lowest brokerage charges in India.

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, lowest brokerage demat account charges, call n trade facility provided by the stock broker, 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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