Lowest Brokerage Charges for Online Trading in India

In trading, we aim to maximise profit and minimise costs. Yet higher brokerage fees can affect profits, making the right stockbroker significantly essential for trading.

A stockbroker charges a commission for buying and selling orders in the stock market, as well as a brokerage fee for carrying out a trade. It is computed as either a fixed fee per trade or a percentage of your trade value, whichever is greater.

A brokerage fee, however, significantly impacts your profits, making it essential to choose a stockbroker that charges the lowest brokerage fees for higher profitability. Before you start trading frequently or in large volumes, let us understand how you can choose the best broker with the lowest brokerage charges. We will also explore several factors that help you choose the best broker.

Top 5 Brokers with Lowest Brokerage Charges in India

1. Zerodha

Zerodha, best known for its credibility and speed, is one of the top low-fee brokerage firms, with advanced features. It offers simple, on-the-go trading with its in-house trading app, Zerodha Kite. Its intuitive interface, advanced charting tools and multiple order types make trading convenient.

Features it offers:

• Several order types and execution models, like market order, stop-loss, limit order, and cover order

• Advanced charting tools

• Execute multiple orders at one time.

• Comprehensive dashboard 

• Interactive learning modules to improve the trading experience

2. Angel One

Angel One, formerly known as Angel Broking, is a robust, versatile trading platform that offers online services. The company makes trading easy and flexible with its mobile app, which allows users to invest in stocks, mutual funds, and commodities. It makes portfolio management seamless on the go.

Features it offers:

• Offers several tools for understanding the market.

• Provides daily reports to enhance the trading experience.

• Charges a fixed brokerage. 

• Supports personalised alerts, enhanced and immediate trading 

3. 5Paisa

5Paisa is known as one of the top low-fee brokerage firms, offering cost-effective and reliable trading options. It offers stock trading, mutual funds, intraday trading, futures, options, and other financial services. It makes portfolio management easy with its mobile application available on both Android and iOS. It also lets you trade confidently on the go, with live market updates and technical tools. 

Features it offers:

• Allows you to buy and sell stocks, commodities, currencies, and derivatives and invest in IPOs.

• Customised watchlist to track potential stocks in multiple languages for easy trading.

• It offers technical analysis tools and advanced charting and indicators for informed trading.

• Provides competitive trading charges.

4. Upstox

Upstox is a widely trusted and credible discount broker with low brokerage charges. Upstox’s mobile application allows traders and investors to trade swiftly across stocks, equity, and commodities. Its interactive, straightforward interface makes it easy for beginners to navigate and trade.

Features it offers:

• It provides advanced charting tools with over 100 indicators.

• Along with a mobile application, it also offers a web platform for trading.

• Allows investment in thousands of mutual funds with the Upstox MF platform.

• Provides competitive trading charges.

5. Dhan

Dhan offers an innovative and tech-enabled brokerage platform for seamless trading. Its mobile app, combined with expert consultation, makes trading more informed and effective. Its user-friendly dashboard and interactive interface make the platform more user-friendly for trading.

Features it offers:

• It allows users to trade across stocks, mutual funds, ETFs, and IPOs.

• It provides constant support with an excellent customer support system.

• It charges the lowest brokerage fees and zero for delivery trades.

• It has a mobile app with a web app for Windows and Mac.

Factors to Consider When Choosing A Low-Fee Brokerage Firm

• Select a trading platform that is easy to navigate, offers reliable features, and has credible market trust.

• Choose a discount broker that offers a wide range of trading and investment options.

• Ensure the broker provides transparent brokerage fee information before making any transaction.

• Check if your broker follows and maintains all regulatory compliance and has a good reputation.

• Good customer service will elevate your trading experience.

• Find a broker that also offers educational content and tutorials to help you learn and grow in your trading journey.

A low-fee brokerage firm will help you trade at minimal transaction costs. Therefore, when choosing a broker with the lowest brokerage fee, also look for a trusted platform that offers investment choices across stocks, mutual funds, and ETFs. It should provide market updates with expert guidance to ease your journey and double your hard-earned money. Choosing a broker will help you navigate trading confidently and make profitable investments.

FAQs on Lowest Brokerage Charges in India

1. Which broker has the lowest brokerage charges in India?

Many discount brokers like Zerodha, Groww, Upstox, and Angel One offer low brokerage costs, with equity delivery trades usually charging ₹0 brokerage and intraday and F&O fees of ₹20 per order or 0.03% (whichever is lower).

2. What is the cheapest brokerage plan for equity delivery trading?

Most discount brokers do not charge brokerage for delivery-based equity investments (buy and hold stocks). Brokers such as Zerodha, Groww, and Upstox do this.

3. How do the discount brokers charge for intraday trading?

For intraday trading, brokers normally have:

Flat fee per trade (i.e., ₹20/order) or percentage-based brokerage (i.e., 0.01% to 0.05% per trade).

4. Are there any hidden charges besides the brokerage?

Yes, in addition to brokerage, traders must pay:

• Securities Transaction Tax (STT)

• Services and Goods Tax (GST) on brokerage

• Exchange transaction fees

• SEBI turnover fees

5. Which broker is the best for low-cost futures and options (F&O)?

Zerodha and Upstox are brokers that have similar ways to F&O trades at an overall cost basis of usually ₹20 per executed order or 0.03%, whichever is lower.

6. Do full-service brokers such as ICICI Direct or HDFC Securities offer low brokerage fees?

No, full-service brokers charge more brokerage fees (for example, 0.50% per trade), but they provide research and advisory services to their clients. Discount brokers are available at lower fees for self-directed traders. 

7. How can I save on brokerage charges?

• Trade less (and be mindful of excess trading).
• Use brokers that charge zero brokerage on delivery trades.
• Compare account opening fees, AMC, and other fees associated with service.

8. Is there a minimum brokerage fee charged per trade?

Some brokers have a minimum fee (for example, ₹20 per order) even if the fee charged for a percentage was lower.

9. Which broker has the lowest brokerage for mutual funds?

Platforms like Groww and Coin by Zerodha have zero commission for investing in direct mutual funds.

10. Are there brokers that have lifetime free brokerage plans?

Some brokers, such as 5Paisa and Paytm Money, may have promotional zero brokerage plans for a limited time but double-check the fee schedule once the promotional offer expires.