Lowest Brokerage Charges in India For Online Trading

By TBS Team | June 10, 2024

For those looking to witness an amazing appreciation on their investments, investing in stocks seems to be the best way forward. If you are looking for a stock broker with the lowest brokerage charges in India, this post is especially meant for you.

Lowest brokerage charges in India

With the rapid industrialization and sustainable growth of Indian economy, Indian stock markets have been delivering superior performance to retail investors. In addition, the advent of online trading in India has compelled investors to invest in stocks, currencies, commodities, and derivatives.

For low brokerage demat account, always choose Discount brokers because they offer Low Brokerage in India compare to full service stock broker.


Top Stock Brokers Offering 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 Zerodha Free Free ₹ 0/Order Open Account
2 Upstox ₹ 150 ₹ 150/ Year ₹ 20/Order Open Account
3 Angel One Free ₹ 250/ year ₹ 0/Order Open Account
4 5 Paisa ₹ 650 ₹ 400/ year ₹ 10/ Order Open Account
5 ICICI Direct Free Nil for 1 year ₹ 0/Order Open Account
6 Kotak Securities ₹ 975 ₹ 500/ year 0.59% Open Account
7 SAS Online ₹ 200 ₹ 200/ year ₹ 9/Order Open Account
8 HDFC Securities ₹ 999 ₹ 750/ year 0.50% Open Account
9 SBI Securities ₹ 850 ₹ 500/ year 0.15% Open Account
10 m.Stock Free Free ₹ 0/Order Open Account
Top Stock Brokers in India Brokerage Start Now
Zerodha ₹ 0/Order Open Account
Upstox ₹ 20/Order Open Account
Angel One ₹ 0/Order Open Account
5 Paisa ₹ 10/Order Open Account
ICICI Direct ₹ 0/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


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

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 platform 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 and Their Lowest 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
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/-

List of Stock Brokers with Lowest Brokerage Charges in India

1. Zerodha
2. Upstox
3. Angel One
4. 5 Paisa
5. Groww

1. Zerodha

Zerodha, founded by Nithin Kamath kick-started its operations in the year 2010 to break all barriers that traders and investors face in India in terms of cost, support, and technology. They have over 8+ million clients who place millions of orders every day, contributing over 15% of all Indian retail trading volumes.

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
₹200 ₹300 Zero 0.03% ₹50

Get Offer:

2. Upstox

Upstox (also known as RKSV), founded in 2011 by Shrini Viswanath, Ravi Kumar, and Kavitha Subramanian, Upstox is an India-based brokerage firm that offers online stock trading services for long-term investors, pro traders, and part-time traders through customized portfolio solutions.

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 ₹150 2.5% 0.05% ₹50

Get Offer:

3. Angel One

Angel One Limited (formerly known as Angel Broking Limited) incorporated in 1987 is one of the largest full-service retail brokers in India offering online discount brokerage services. They have 7 Million+ Registered Clients, 16000+ Authorised Persons, 12 Million+ App downloads, and have a presence in over 1800+ cities in India.

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 Zero 0.25% ₹20

Get Offer:

4. 5Paisa

5Paisa is a financial services company with a focus on “discount broking” services, providing financial products through an online technology platform and mobile application. IIFL (India Infoline) launched 5 paisa to compete in the fastest-growing broking industry. 5paisa has been catering to over 2.5 million+ customers and supporting them to manage their portfolio with ease.

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 ₹300 ₹10 ₹10 Free

Get Offer:

5. Groww

It is an online investment platform that allows investors to invest in stocks and mutual funds. They started as a mutual fund investment platform in the year 2016, and after looking at the increase in demand for equity investment, they started offering equity trading in the year 2020. They have 20+ million customers and 500+ team members. It is one of the highly-rated apps in the Play Store and App Store with a rating of over 4.4 and 4.5 stars respectively.

Key Features:-

  • Zero account opening fee
  • User friendly interface
  • Financial Planning Calculator

Fees & Charges: 

Account Opening Fees AMC Equity Delivery Equity Intraday Call & Trade Charges
Free Zero RS 20/Order RS 20/Order ₹50

Get Offer:


What are the lowest brokerage charges?

It refers to the lowermost brokerage amount levied by stock brokers in India. The lowest brokerage fees often come into play when the computed brokerage amount is less than the minimum brokerage amount since each stock broker has a different minimum brokerage amount in place.

How is the brokerage fee calculated? – Understand with an Example

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 Rs. 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 – In India, 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 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 charges. If you are looking to save big on brokerage, it is necessary to keep a close watch on the competitive brokerage charges and the stock broker that are behind them.

Lowest Future Brokerage Charges

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 Wisdom Capital ₹9/Executed Order or 999/Month
2 Zerodha Rs 20/per executed order
3 Upstox Rs 20/per executed order
4 SAMCO Rs 20/per executed order


Lowest Brokerage Charges in India 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 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. 1,000,000 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 Options Brokerage Charges 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 Wisdom Capital ₹9/Executed Order or 999/Month
2 Zerodha Rs 20/per executed order
3 Upstox Rs 20/per executed order
4 SAMCO Rs 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
Wisdom Capital Free Zero*
Zerodha Rs 200 Rs 300
Upstox Rs 200 Rs 150 per year
SAMCO Zero Rs. 400/ year


Conclusion – Minimum Brokerages Charges in India

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.

FAQs

1. Which broker has lowest brokerage charges?

Ans- As of now, m.Stock offers zero brokerage across all segments under its 999 plan.

2. What Is Lowest Brokerage Fee Charged by A Broker?

Ans- The lowest brokerage fee charged by a broker is 0.01%.

3. What Is maximum Brokerage Fee Charged by A Broker?

Ans- 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.

4. What Are The Lowest brokerage charges For Option trading?

Ans- Zerodha is known to have the lowest brokerage for options trading at flat Rs. 20 per order.

5. Which app has zero brokerage?

Ans- m.Stock by Mirae Assets has zero brokerage across all trading segments under its 999 plan.

6. Which broker is cheapest in India?

Ans- Mirae Assets is considered the cheapest stock broker in India followed by Zerodha.

Disclaimer: This blog is written for educational purpose only. Data, Securities, Advisory and Quotes mentioned here are for guidance only. Doing research by investors itself is highly recommended.

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