Lowest Brokerage Charges for Online Trading in India
In trading, we always aim to maximize profit and minimize cost. Yet, higher brokerage fees can impact the profit, 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
Lowest Brokerage Firms | Description | Brokerage Charges |
Zerodha | One of the top trusted discount brokers with a convenient trading platform. | Free Equity Delivery 0.03% or ₹20 for Equity Intraday and Futures Rs 20 for Options |
| Punch Trade | Flat ₹1 brokerage per executed order or 0.10%, whichever is lower (₹1.18 effective with GST) | Free Equity Delivery ₹1/order for Equity Intraday and Futures |
Shoonya | Trade across stocks and mutual funds with a transparent brokerage fee. | Rs 0 for Equity Delivery, Rs 5 for Intraday, and F&O |
Upstox | One of the best discount brokers that offers competitive trading charges. | Rs 20 or 2.5% for Equity Delivery Rs 20 or 0.05% for Equity Intraday and Futures Rs 20 for Options |
Dhan | Providing a tech-enabled, advanced trading platform with zero delivery charges. | Free for Equity Delivery Rs 20 or 0.03% for Equity Intraday and Futures Rs 20 for Options |
Zerodha
Zerodha, best known for its credibility and speed, is one of the top low-fee brokerage firms, with advanced features. It offers a simple and on-the-go trading ability 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
| Charge | Amount |
|---|---|
| Account Opening | ₹200 |
| AMC (Demat + Trading) | ₹300 |
| Equity Delivery Brokerage | 0.03% or ₹20/order |
| Equity Intraday Brokerage | 0.03% or ₹20/order |
| F&O Brokerage | 0.03% or ₹20/order |
| DP Charges (Delivery Sell) | ₹13.5 + GST |
| Call & Trade | ₹50 per order |
| Auto Square-off | ₹50 + GST/order |
Punch Trade
Punch Trade charges a flat ₹1 per executed order — ₹1.18 including GST — across equity delivery, intraday, futures, and options, with no additional platform fees and no promotional expiry on the rate. Account opening and demat AMC are both ₹0 for life, with no conditions or holding-based tiered pricing. The platform includes a native charting engine with over 100 technical indicators, making it suited for frequent equity and F&O traders, though it does not yet support commodities, currency, or mutual fund trading.
Features it offers:
- Flat ₹1 brokerage per executed order or 0.10%, whichever is lower (₹1.18 effective with GST)
- ₹0 account opening, ₹0 demat AMC (lifetime), ₹0 platform fees
- DP transaction: ₹3.50 + GST per delivery sell (CDSL)
- Native charting engine with 100+ indicators and trade-from-chart at no additional cost
- 0.01s order execution, 99.99% reliability (published at punch.trade/status)
| Charge | Amount |
|---|---|
| Account Opening | ₹0 |
| AMC (Demat + Trading) | ₹0 |
| Equity Delivery Brokerage | ₹1/order (₹1.18 with GST) |
| Equity Intraday Brokerage | ₹1/order (₹1.18 with GST) |
| F&O Brokerage | ₹1/order (₹1.18 with GST) |
| DP Charges (Delivery Sell) | ₹3.50 + GST/order |
| Call & Trade | ₹50 incl. GST |
| Auto Square-off | ₹50 + GST/order |
Shoonya
Shoonya is a discount stockbroker operated by Finvasia that offers commission-free trading and investing across equity, commodity, currency, futures, and options segments. It supports trading on major Indian exchanges, including National Stock Exchange of India, Bombay Stock Exchange, and MCX.
Shoonya is popular for its zero account opening fee, zero annual maintenance charges, and low-cost trading model. The platform provides web, desktop, and mobile trading applications, along with free APIs for algo traders. However, some users find its interface less polished than competitors despite its low brokerage benefits.
Features it offers:
- Low brokerage of ₹5 or 0.03% per order on intraday, futures, and options trades
- Trading available in equities, commodities, currencies, mutual funds, IPOs, ETFs, bonds, and derivatives
- Access to major exchanges such as NSE, BSE, and MCX
- Available on mobile app, web platform, and desktop terminal
- Advanced charting through TradingView and ChartIQ with more than 100 technical indicators
- Free API access for algo trading and custom trading platforms
- Real-time market data, screeners, and historical data access
| Charge | Amount |
|---|---|
| Account Opening | ₹0 |
| AMC (Demat + Trading) | ₹0 |
| Equity Delivery Brokerage | ₹0 |
| Equity Intraday Brokerage | ₹5/order |
| F&O Brokerage | ₹5/order |
| DP Charges (Delivery Sell) | ₹9 + GST/scrip |
| Call & Trade | ₹0 |
| Auto Square-off | ₹0 |
m.Stock
m.Stock App is a contemporary trading and investment portal that has been developed by Mirae Asset. It allows you to trade stocks, derivatives, mutual funds, IPOs, and much more with its intuitive layout. Its charting abilities, live market updates, and research capabilities make it appropriate for novices as well as experienced investors.
One of the most distinct aspects of m.Stock is its free delivery and ₹5 per order brokerage charges on all trading segments. It is supported by a renowned global financial institution and hence ensures reliability and low costs. m.Stock is a cost-effective and technology-enabled tool for investors.
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.
| Charge | Amount |
|---|---|
| Account Opening | Zero |
| AMC (Demat + Trading) | Zero |
| Equity Delivery Brokerage | Zero |
| Equity Intraday Brokerage | ₹5 per order |
| F&O Brokerage | ₹5 per order |
| DP Charges (Delivery Sell) | ₹18 |
| Call & Trade | Zero |
| Auto Square-off | NA |
Dhan
Dhan offers a smart and tech-enabled brokerage platform for seamless trading. Its mobile app with expert consultation makes trading informed and effective. Its user-friendly dashboard and interactive interface make the platform trading-friendly.
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.
| Charge | Amount |
|---|---|
| Account Opening | ₹0 |
| AMC (Demat + Trading) | ₹0 |
| Equity Delivery Brokerage | 0.03% or ₹20/order |
| Equity Intraday Brokerage | 0.03% or ₹20/order |
| F&O Brokerage | 0.03% or ₹20/order |
| DP Charges (Delivery Sell) | ₹12.5 + GST |
| Call & Trade | ₹50 incl. GST |
| Auto Square-off | ₹50 + GST/order |
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 with minimum transactional 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?
Punch Trade has the lowest brokerage charges in India, with just ₹1 per executed order, making it the most cost-effective broker for traders.
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.
