Lowest Brokerage Charges in India For Online Trading

Last updated on September 19, 2023

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 charges in India

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.

In this article we have listed top 10 stock brokers that offer lowest brokerage charges in India.

List of Stock Brokers with Lowest Brokerage Charges in India:

S.No. Top Stock Brokers in India Account Opening Charges Demat AMC Brokerage in all NSE Segments Get Started Now
1 ICICI Direct Free Nil for the first year ₹ 0/Order Open Account
2 Zerodha Free Free ₹ 0/Order Open Account
3 Angel Broking Free ₹ 250/ year ₹ 0/Order Open Account
4 Upstox ₹ 150 ₹ 150/ Year ₹ 20/Order Open Account
5 Kotak Securities ₹ 975 ₹ 500/ year 0.59% Open Account
6 SAS Online ₹ 200 ₹ 200/ year ₹ 9/Order Open Account
7 HDFC Securities ₹ 999 ₹ 750/ year 0.50% Open Account
8 SBI Securities ₹ 850 ₹ 500/ year 0.15% Open Account
9 m.Stock Free Free ₹ 0/Order Open Account
10 5 Paisa ₹ 650 ₹ 400/ year ₹ 10/ Order Open Account
Top Stock Brokers in India Brokerage Start Now
ICICI Direct ₹ 0/Order Open Account
Zerodha ₹ 0/Order Open Account
Angel Broking ₹ 0/Order Open Account
Upstox ₹ 20/Order Open Account
Kotak Securities 0.59% Open Account
SAS Online ₹ 9/Order Open Account
HDFC Securities 0.50% Open Account
SBI Securities 0.15% Open Account
m.Stock ₹ 0/Order Open Account
5 Paisa ₹ 10/Order Open Account

Why Lowest Brokerage Charges is Important?

For a trader main goal is earn maximum profit and to gain maximum profit they have to minimize the expenses and brokerage charges is such expenses. So it is very important to choose the broker with lowest brokerage charges in India while trading.

Since Discount brokers have lower brokerage charges compare to full service or traditional brokers. For example, If you will invest 1 lakh with full services broker at 0.5 % interest rate, you will have to pay Rs 500 as brokerage charges. Instead of this if you choose any discount broker with no or less brokerage charges you will gain Rs 500  extra that’s why lowest brokerage charges is important.

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

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

  • Broker’s Type – 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, because of its lowest brokerage charges.
  • Investment Duration – 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.
  • Customer Support & Asistance – If you want support and personal assistance through experts who understand the market trends well and can build an active investment strategy for you, go for full service broker

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

Comparision of Brokers 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 0 for Futures, Rs 10/lot in Options, 0.1% Equity delivery Rs 0 (Free) As low as 0.1% with Prime plan 37,56,987
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.

    • ICICI Direct– Nil account opening charges with Equity delivery as low as 0.1% with Prime.
    • 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.
    • 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.

Top Stock Brokers and 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 to find out the broker with lowest brokerage charges in India.

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
ICICI Direct 0.1% 20/- 20/- 20/- 20/-
Zerodha Zero 20/- 20/- 20/- 20/-
Upstox Zero 20/- 20/- 20/- 20/-
5paisa 15/- 15/- 15/- 15/- 15/-
Samco 20/- 20/- 20/- 20/- 20/-

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 – Minimum 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.

FAQs About Lowest Brokerage Charges

  1. What Is mean by Brokerage Fee?

Purchasing or selling stocks through a stockbroker in India involves a brokerage fee. The stockbroker charges this fee to facilitate the transaction between the buyer and seller, and the buyer and seller usually pay it separately. In percentage terms, it represents the total amount of the transaction.

Commission or lower brokerage charges are other names for the brokerage fee. To get the best deal at the Lowest brokerage charges in India, please compare the brokerage fees charged by various stock brokers.

  1. How Are Brokerage Charges Calculated?

Making wise judgments regarding your investments can be aided by understanding how brokerage fees operate. Stockbrokers charge three types of brokerage fees:

  • Percentage-based fee

A certain proportion of the trade value determines the percentage-based charge. For instance, if the deal value is Rs. 10,000 and the brokerage cost is 0.2%, the investor must pay Rs. 20 in brokerage fees.

  • Flat fee per trade

If the broker charges a flat price per trade, such as Rs. 20, they do so regardless of the value of each trade they execute.

  • Hybrid fee

The hybrid fee system combines flat fees and percentage-based fees.

  1. What Is The Lowest brokerage charges in India?

While some stockbrokers charge a flat fee, others take a percentage of the transaction’s value as their fee. Before creating an account, it is crucial to check several stockbrokers’ brokerage fees to ensure you are receiving the best price. Select a broker with lowest brokerage charges structure, matching your trading preferences and investing goals.

  1. What Is Maximum Brokerage Fee Charged by A Broker ?

The SEBI governs the maximum brokerage fee a broker may charge. For stock delivery trades, the maximum brokerage fee is 2.5% of the transaction amount, and for intraday trades, the maximum brokerage fee is 0.25%.

  1. What Are The Least brokerage charges in India For Futures?

India’s intraday brokerage fees might vary depending on the broker and fee structure. Futures trading can result in a flat cost per trade that ranges typically from Rs 10 – Rs 100 or a percentage-based fee that ranges from 0.01% to 0.05% of the contract value.

It’s crucial to remember that brokerage costs differ between brokers depending on trading volume and account type. To obtain the most affordable solution for their trading needs, investors must examine the fee structures offered by various brokers.

  1. What Are The Lowest brokerage charges in India For Intraday?

Brokers in India impose intraday trading fees as a percentage of the transaction value or as a flat cost per trade.

The percentage-based fees range between 0.01% and 0.05%. In contrast, flat costs typically range between Rs. 10 and Rs. 20. Assume you have an Rs. 1,000,000 trade. If the percentage-based charge is 0.05%, your brokerage cost will be Rs. 50. If the flat fee per trade is Rs. 20, you will pay Rs. 20 in brokerage fees.

  1. What are the minimum brokerage charges in India For Delivery?

Brokerage costs for delivery include both percentage and flat fees on each deal. The price might range between 0.1% and 0.5% of the transaction amount. For example, if an investor acquires Rs. 1,000,000 shares and the brokerage charge is 0.3%, the investor must pay Rs. 300 in brokerage fees. The Lowest brokerage charge in India starts at 0.1%.

Some brokers levy a flat fee for each trade ranging from Rs. 10 to Rs. 25.

  1. What Are The Lowest brokerage charges in India For Options?

In India, brokerage rates for options trading can be either percentage-based or flat-fee-based. As with futures and intraday trading, percentage-based brokerage costs generally vary from 0.01% to 0.05% of the transaction amount. For example, if an investor buys a contract for Rs. 1,000,000 and the brokerage price is 0.05%, the investor must pay Rs. 50 in brokerage expenses.

  1. How To Choose The Right Broker In Terms Of Brokerage Charges?

Consider the following elements before choosing an Indian broker:

  • Brokerage charges: Seek out brokers with reasonable fees.
  • Compare brokerage charges: Besides brokerage fees, consider other expenses, including minimum balance requirements, hidden fees and all.
  • Trading platform: Examine the broker’s trading platform’s characteristics.
  • Customer support: Verify the broker’s availability of dependable customer assistance.
  • Research reports: Assess the broker’s research report’s level of quality.

By selecting the proper broker based on these considerations, you can obtain the most value for your money and a smooth trading experience.

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