Lowest Brokerage Charges in India For Online Trading

Last updated on: February 14, 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 Lowest brokerage charges and low brokerage demat account, always choose Discount brokers because they offer Low Brokerage in India compare to full service stock broker.

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


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 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


What are the lowest brokerage charges?

Understanding the lowest brokerage charges is very simple. 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 lowest 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.

Lowest 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. 1,000,000 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 lowest brokerage charges for options in India, can change based on the number of transactions and the type of trading account that investor controls. Some brokers offering lowest brokerage charges for options trading are –

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


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

For each investor or trader, selecting the broker with the lowest brokerage charges is an essential choice. Making the perfect decision might be difficult with so many alternatives available. You may, however, locate a broker that meets your needs by taking a few essential aspects into account.

  • Examine the brokerage fees that various brokers are offering. Choose brokers with cheap flat fees or with special deals for active traders. Read the small print carefully since certain brokers may have additional hidden fees.
  • 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.
  • Examine the broker’s reputation generally as well. To determine other customers’ experiences and degrees of satisfaction, read their reviews.
  • Check to see whether the broker gives you access to research papers and instructional materials so you can choose your investments wisely.
  • 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 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/-


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 about Lowest Brokerage Charges in India

1. Which broker has lowest brokerage charges?

Ans- As of now, m.Stock has the lowest brokerage charges in India with 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 charges 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.

7. Which broker offer the lowest brokerage charges in India For Options?

Ans- In India, brokerage rates for options trading can be either percentage-based or flat-fee-based. As with futures and options 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.

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