In the world with a faster speed of share trade, reducing costs is the key to maximizing the profit. One of the most important factors for traders and investors in India is to detect the lowest brokerage charges in India. The brokerage charges can significantly affect your returns, especially for traders involved in intraday trading or futures and options (F&O). With the rise of exemption brokers such as Zerodha, Upstox, Groww and 5 Paisa, the Indian stock market has become more accessible, offering competitive flat fees for zero brokerage on equity delivery and other sectors. We distribute you to the top 10 lowest brokerage charges firms in India for 2025, including M.Stock, Kotak Securities, Angel One, Motilal Oswal, Wisdom Capital, Choice Broking, Sharekhan, SBI Securities and Fair, so that you can get help with a broker.
Whether you are a novice looking for SBI demat account or an experienced trader seeking zero brokerage on F&O, this guide includes the required details such as the Groww Brokerage Fee, Upstox Brokerage Fee, Angel Broking Fee and more. We will also explain how the brokerage fee is calculated, suggests to reduce the cost, and to ensure that you make an informed decision, highlight the key features of each broker.
List of firms with top 10 lowest brokerage charges in India 2025
It has been known for 2025 on top 10 brokerage firms in India, known for its low -cost structures, user -friendly platforms and strong features. Each firm is evaluated based on its characteristics and charges, ensuring that you have the latest insight to make an informed option.
| Broker | Key Feature | Equity Delivery | Intraday/Futures | Options |
|---|---|---|---|---|
| m.Stock | Truly zero brokerage for life (one-time fee*) | ₹0 (Free for Life*) | ₹0 (Free for Life*) | ₹0 (Free for Life*) |
| Zerodha | Market leader, robust platforms, excellent education | ₹0 | Flat ₹20 or 0.03% (lower) | Flat ₹20 |
| Groww | Extremely user-friendly, popular for new investors, zero AMC | ₹20 or 0.05% (lower) | Flat ₹20 or 0.05% (lower) | Flat ₹20 |
| Upstox | Sleek platform, growing rapidly | ₹20 | Flat ₹20 or 0.05% (lower) | Flat ₹20 |
| 5Paisa | Aggressive pricing, wide range of financial products | Flat ₹20 | Flat ₹20 | Flat ₹20 |
| Angel One | Hybrid model, research tools, smart API | ₹0.10% or ₹20 (lower) | ₹0.03% or ₹20 (lower) | Flat ₹20 |
| Fyers | Advanced charting tools, zero AMC | ₹20 or 0.3% (lower) | Flat ₹20 or 0.03% (lower) | Flat ₹20 |
| Kotak Securities | Hybrid (discount & full-service), competitive flat rates for active traders | ₹0 (Youth Plan) / 0.20% (Trade Free Plan) | ₹10 or 0.05% (lower) | ₹10 |
| Choice Broking | Discount broker with research & advisory | 0.20% | 0.02% or ₹20 (lower) | ₹20 per executed order |
| Wisdom Capital | Aggressive lifetime zero brokerage for a one-time fee* Export to Sheets | ₹0 (Lifetime Free*) | ₹0 (Lifetime Free*) | ₹0 (Lifetime Free*) |
Lowest Brokerage Charges in India 2025 Explained
The lowest brokerage charges in India 2025 interpreted brokerage fees, commissions imposed by stock brokers to facilitate your business, remain the foundation stone of their revenue models. However, the regulatory environment and market dynamics are constantly re -shaping how these fees are structured and considered.
m.Stock
m.Stock continues to disrupt the market with its clear zero brokerage for life proposition, backed by a global financial powerhouse.
Features:
- Offers zero brokerage on delivery trades for the first year under select plans.
- Access to equity, F&O, commodities, currency, IPOs, and mutual funds.
- User-friendly mobile app and web platform for seamless trading.
- Advanced charting tools and real-time market data for technical analysis.
- No account opening fees for online accounts.
Charges:
| Segment | Brokerage Charges (One-Time Plan) |
|---|---|
| Equity Delivery | ₹0 (Free for life) |
| Equity Intraday | ₹0 (Free for life) |
| Equity Futures | ₹0 (Free for life) |
| Equity Options | ₹0 (Free for life) |
| Currency Futures | ₹0 (Free for life) |
| Currency Options | ₹0 (Free for life) |
| Commodity F&O | ₹0 (Free for life) |
Other Charges:
| Segment | Brokerage Charges |
|---|---|
| Demat AMC | ₹0 (Free for life with the plan) |
| Account Opening Charges | ₹0 (as part of the one-time plan) |
| Demat Debit Transaction (Sell) | ₹12 per ISIN + GST (standard across brokers) |
Website:
Zerodha
The pioneer of discount broking in India, Zerodha, continues its reign with a strong focus on technology, education, and transparent, low-cost trading.
Features:
- High leverage up to 20x for intraday trading.
- Pioneer of discount broking with zero brokerage on equity delivery.
- Access to stocks, F&O, commodities, currency, and mutual funds via Coin.
- Educational resources through Varsity for beginners and advanced traders.
- Kite platform offers a seamless trading experience with advanced charting.
Charges:
| Segment | Brokerage Charges (One-Time Plan) |
|---|---|
| Equity Delivery | ₹0 (Free) |
| Equity Intraday | Flat ₹20 or 0.03% per executed order (lower) |
| Equity Futures | Flat ₹20 or 0.03% per executed order (lower) |
| Equity Options | Flat ₹20 per executed order |
| Currency Futures | Flat ₹20 or 0.03% |
| Currency Options | Flat ₹20 |
| Commodity F&O | Flat ₹20 or 0.03% (Futures), Flat ₹20 (Options) Export to Sheets |
Other Charges:
| Segment | Brokerage Charges |
|---|---|
| Demat AMC | ₹300 + GST annually |
| Account Opening Charges | ₹200 (equity, commodity & currency) |
| Demat Debit Transaction (Sell) | – |
Website:
Groww
Groww has captured the attention of new-age investors with its exceptionally user-friendly interface and focus on simplifying wealth creation.
Features:
- No annual maintenance charges, making it cost-effective.
- Simple, beginner-friendly platform with zero account opening charges.
- Groww intraday charges and brokerage charges in Groww are flat and transparent.
- Offers investments in stocks, F&O, mutual funds, and digital gold.
Charges:
| Segment | Brokerage Charges (One-Time Plan) |
|---|---|
| Equity Delivery | Flat ₹20 per executed order or 0.05% (lower) |
| Equity Intraday | Flat ₹20 per executed order or 0.05% (lower) |
| Equity Futures | Flat ₹20 per executed order Export to Sheets |
| Equity Options | – |
| Currency Futures | – |
| Currency Options | – |
| Commodity F&O | – |
Other Charges:
| Segment | Brokerage Charges |
|---|---|
| Demat AMC | ₹0 (Free) |
| Account Opening Charges | ₹0 |
| Demat Debit Transaction (Sell) | ₹8 + ₹5.50 (CDSL Charges) per ISIN |
Website:
Upstox
Upstox is recognized for its sleek, user-friendly trading platform and aggressive marketing, making it a popular choice for retail investors.
Features:
- Fast onboarding with zero account opening fees.
- High leverage up to 20x for intraday trading.
- Access to stocks, F&O, commodities, currency, and mutual funds.
- Upstox Pro platform with advanced charting via TradingView and ChartsIQ.
- Upstox brokerage charges are flat and competitive with zero brokerage on equity delivery.
Charges:
| Segment | Brokerage Charges (One-Time Plan) |
|---|---|
| Equity Delivery | ₹20 per executed order |
| Equity Intraday | ₹20 or 0.05% per executed order (lower) |
| Equity Futures | ₹20 or 0.05% per executed order (lower) |
| Equity Options | Flat ₹20 per executed order |
| Currency Futures | ₹20 or 0.05% (Futures) |
| Currency Options | Flat ₹20 (Options) |
| Commodity F&O | ₹20 or 0.05% (Futures), Flat ₹20 (Options) |
Other Charges:
| Segment | Brokerage Charges |
|---|---|
| Demat AMC | ₹150 per year |
| Account Opening Charges | ₹0 (equity, commodity & currency) |
| Demat Debit Transaction (Sell) | – |
Website:
5Paisa
5Paisa maintains its aggressive flat-fee strategy, complemented by a broader range of financial products beyond just trading.
Features:
- High leverage up to 20x for intraday trading.
- Research and advisory services for all clients.
- User-friendly mobile app with real-time market updates.
- Flat fee structure with one of the lowest brokerage charges in India.
- Access to stocks, F&O, commodities, currency, mutual funds, and IPOs.
Charges:
| Segment | Brokerage Charges (One-Time Plan) |
|---|---|
| Equity Delivery | Flat ₹20 per order |
| Equity Intraday | Flat ₹20 per order |
| Equity Futures | Flat ₹20 per order |
| Equity Options | Flat ₹20 per order |
| Currency Futures | Flat ₹20 per order |
| Currency Options | Flat ₹20 per order |
| Commodity F&O | Flat ₹20 per order |
Other Charges:
| Segment | Brokerage Charges |
|---|---|
| Demat AMC | ₹300 PA |
| Account Opening Charges | ₹0 |
| Call & Trade Charges | ₹20 per order (standard for most discount brokers) |
Website:
Angel One
Angel One has successfully pivoted from a traditional full-service model to a tech-first discount broker, retaining advisory elements.
Features:
- Extensive branch network for in-person support.
- Angel One App and SpeedPro platform for fast trading.
- ARQ AI-based advisory tool for personalized investment recommendations.
- Access to stocks, F&O, commodities, currency, mutual funds, and US stocks.
- Angel Broking charges include zero brokerage on equity delivery for the first 30 days.
Charges:
| Segment | Brokerage Charges (One-Time Plan) |
|---|---|
| Equity Delivery | Lower of ₹20 or 0.10% per executed order |
| Equity Intraday | Lower of ₹20 or 0.03% per executed order |
| Equity Futures | Flat ₹20 per executed order |
| Equity Options | Flat ₹20 per executed order |
| Currency Futures | Flat ₹20 per executed order |
| Currency Options | Flat ₹20 per executed order |
| Commodity F&O | Flat ₹20 per executed order |
Other Charges:
| Segment | Brokerage Charges |
|---|---|
| Demat AMC | ₹0 for 1st year, then ₹240 PA (quarterly ₹60 + GST). |
| Account Opening Charges | ₹0 |
| Demat Debit Transaction (Sell) | – |
Website:
Fyers
Fyers focuses on providing advanced trading tools and a transparent fee structure for serious traders.
Features:
- API support for algorithmic trading.
- Access to stocks, F&O, and mutual funds.
- Zero brokerage for Demat AMC and account opening.
- Fyers One platform with advanced charting and algo trading support.
Charges:
| Segment | Brokerage Charges (One-Time Plan) |
|---|---|
| Equity Delivery | ₹20 or 0.3% per executed order (lower) |
| Equity Intraday | ₹20 or 0.03% per executed order (lower) |
| Equity Futures | ₹20 per executed order |
| Equity Options | Flat ₹20 per executed order |
| Currency Futures | Flat ₹20 per executed order |
| Currency Options | Flat ₹20 per executed order |
| Commodity F&O | Flat ₹20 per executed order |
Other Charges:
| Segment | Brokerage Charges |
|---|---|
| Demat AMC | ₹0 |
| Account Opening Charges | ₹0 |
| Call & Trade Services | ₹50 + GST per executed order |
Website:
Kotak Securities
Kotak Securities has successfully adapted to the discount brokerage wave with its “Trade Free Plan,” blending full-service offerings with cost-effective trading.
Features:
- Integrated 3-in-1 account
- In-depth research and stock picks.
- Advanced charting and analytical tools.
- Trade Free Plan with zero brokerage for the first 30 days.
- Access to a wide range of financial products.
Charges:
| Segment | Brokerage Charges (One-Time Plan) |
|---|---|
| Equity Delivery | 0.20% (Competitive for a full-service arm) |
| Equity Intraday | ₹10 or 0.05% (whichever is lower) |
| Equity Futures | ₹10 per order |
| Equity Options | ₹10 per order |
| All Liquid ETFs | 0.001% of transaction value |
| All other ETFs | 0.05% of transaction value |
| Commodity F&O | – |
Other Charges:
| Segment | Brokerage Charges |
|---|---|
| Demat AMC | Value-based (e.g., ₹0 for specific BSDA categories, otherwise standard monthly charges apply). |
| Account Opening Charges | ₹0 |
| Demat Debit Transaction (Sell) | – |
Website:
Choice Broking
Choice Broking strategically positions itself as a “discount broker with full-service features,” offering research and competitive rates.
Features:
- No account opening fees for online accounts.
- Presence in both online and offline segments.
- Jiffy platform for fast order execution and real-time data.
- Offers low-cost trading with Choice Broking flat fee structure.
- Access to stocks, F&O, commodities, currency, and mutual funds.
- Research reports and advisory services for premium clients.
Charges:
| Segment | Brokerage Charges (One-Time Plan) |
|---|---|
| Equity Delivery | 0.20% (or lower based on plan) |
| Equity Intraday | 0.02% or ₹20 (whichever is lower) |
| Equity Futures | ₹20 per executed order |
| Equity Options | ₹20 per executed order |
| Currency Futures | ₹20 per executed order |
| Currency Options | ₹20 per executed order |
| Commodity F&O | ₹20 per executed order |
Other Charges:
| Segment | Brokerage Charges |
|---|---|
| Demat AMC | ₹0 for 1st year, then ₹200 + GST annually. |
| Account Opening Charges | ₹0 |
| Demat Debit Transaction (Sell) | – |
Website:
Wisdom Capital
Wisdom Capital continues its niche offering of truly zero brokerage for life across major segments with a single upfront payment, ideal for high-frequency traders.
Features:
- Provides advanced trading platforms.
- Focus on transparent cost structure.
- Affordable monthly unlimited trading plans.
- Offers zero brokerage plans for high-volume traders.
- High leverage up to 20x for intraday and F&O trading.
- NEST trading platform with advanced technical analysis tools.
Charges:
| Segment | Brokerage Charges (One-Time Plan) |
|---|---|
| Equity Delivery | ₹0 (Lifetime Free with One-Time Fee of ₹1947) |
| Equity Intraday | ₹0 (Lifetime Free with One-Time Fee of ₹1947) |
| Equity Futures | ₹0 (Lifetime Free with One-Time Fee of ₹1947) |
| Equity Options | ₹0 (Lifetime Free with One-Time Fee of ₹1947) |
| Currency Futures | ₹0 (Lifetime Free with One-Time Fee of ₹1947) |
| Currency Options | ₹0 (Lifetime Free with One-Time Fee of ₹1947) |
| Commodity F&O | ₹0 (Lifetime Free with One-Time Fee of ₹1947) |
Other Charges:
| Segment | Brokerage Charges |
|---|---|
| Demat AMC | Typically ₹0 or very low, covered by the Freedom Plan. |
| Account Opening Charges | ₹0 (often absorbed by the plan fee) |
| One-time Freedom Plan Fee | ₹1947 |
Website:
Other Notable Lowest Brokerage Firms:
The competitive landscape means constant innovation. Here are some other firms that offer compelling low-brokerage propositions:
Sharekhan
Sharekhan, while a traditional player, has introduced competitive plans to attract a broader client base, maintaining its strong research backbone.
Features:
- Robust trading tools and research reports.
- Extensive branch network across 550+ cities.
- Offers trading in equities, derivatives, commodities, mutual funds, and IPOs.
- Full-service broker with TradeTiger platform, research reports, and advisory services.
Charges:
| Segment | Brokerage Charges (One-Time Plan) |
|---|---|
| Equity Delivery | 0.30% on trade price or minimum 1 paisa per share |
| Equity Intraday | 0.02% on trade price or minimum 1 paisa per share (each side) |
| Equity Futures | 0.02% per transaction value (each side) |
| Equity Options | ₹39 per lot (each side) |
| Currency Futures | – |
| Currency Options | – |
| Commodity F&O | – |
Other Charges:
| Segment | Brokerage Charges |
|---|---|
| DP Annual Maintenance Charges | ₹0 for 1st year (for certain plans), then ₹400 for non-BSDA clients. |
| Account Opening Charges | ₹0 |
Website:
SBI Securities
SBI Securities leverages the trust and extensive network of the State Bank of India, offering integrated banking and trading solutions.
Features:
- Reliable for conservative investors.
- Multiple brokerage plans to choose from.
- Reliability of a public sector banking behemoth.
- Backed by State Bank of India, offers a 3-in-1 account.
- SBI Smart platform for trading in equities, derivatives, mutual funds, and ETFs.
Charges:
| Plan Name | Equity Delivery (Brokerage) | Equity Intraday (Brokerage) | Equity F&O (Brokerage) |
|---|---|---|---|
| Plan 499 | 0.35% | ₹20 / order | ₹50 / Lot (Options) |
| OIOP – 3K | 0.20% (Complimentary up to ₹15L) | ₹20 / order | ₹20 / order |
| OIOP – 5K | 0.20% (Complimentary up to ₹30L) | ₹20 / order | ₹20 / order |
| OIOP – 10K | 0.10% (Complimentary up to ₹75L) | ₹20 / order | ₹20 / order |
Other Charges:
| Segment | Brokerage Charges |
|---|---|
| Demat AMC | Varies by plan. |
| Account Opening Charges | Varies by plan. |
Website:
Motilal Oswal
Motilal Oswal remains a strong contender for investors who value in-depth research and personalized service alongside increasingly competitive brokerage structures.
Features:
- Wide range of investment products.
- Research 360 platform for in-depth market analysis.
- Dedicated Relationship Managers: For personalized guidance.
- Premium Research and Advisory: A significant draw for serious investors.
- Personalized portfolio management services for high-net-worth clients.
Charges:
| Segment | Brokerage Charges (One-Time Plan) |
|---|---|
| Equity Delivery | 0.20% (can be lower with higher volume plans) |
| Equity Intraday | 0.02% (or higher depending on plan) |
| Equity Futures | 0.02% |
| Equity Options | ₹20/Lot |
| Currency Futures | – |
| Currency Options | – |
| Commodity F&O | – |
Other Charges:
| Segment | Brokerage Charges |
|---|---|
| Demat AMC | Highly variable, often ₹0 for the 1st year, then ₹199 or higher based on chosen value-added plans. |
| Account Opening Charges | ₹0 (often absorbed by the plan fee) |
Website:
What Is the Brokerage Fee in India?
A brokerage fee is a commission charged by Stockbroker for the convenience of trades in the stock market. This is usually a percentage of trade value or a flat fee according to the executed order. In India, SEBI regulates brokerage fees, capping them at 2.5% of trade value, but discount brokers such as Zeroda, Upstox and Grove have brought a revolution in the market by offering flat fees, which is less as per trade, which is more economical.
How Are Brokerage Fees Calculated?
Brokerage fees are calculated based on:
- Percentage-Based: A percentage of the trade value (e.g., 0.03% for intraday trades).
- Flat Fee: A fixed amount per executed order (eg, ₹ 20 per business).
- Additional Charges: Include STT (buy/sell 0.1%), GST (18%on brokerage transactions fees), SEBI turnover fee () 10 per crore), and stamp duty (vary by state). For example, if you buy 100 shares at ₹ 200 each with ₹ 20 flat fee, the brokerage, 20, even if the trade price (₹ 20,000), regardless of. Use a brokerage calculator provided by Groww to estimate the total costs including taxes and charges.
What Are the Lowest Brokerage Charges in India?
The lowest brokerage charges in India are offered by discount brokers:
| Segment | Charges |
|---|---|
| Equity Delivery | ₹0 (Zerodha, Upstox, Fyers, Angel One for first 30 days) |
| Equity Intraday | ₹9 (Wisdom Capital) to ₹20 (Zerodha, Upstox, Groww, Angel One) |
| F&O | ₹9 (Wisdom Capital) to ₹20 (most discount brokers) |
| Zero Brokerage on F&O | Wisdom Capital offers unlimited trading plans with no per-trade fees. These rates are significantly lower than full-service brokers like Sharekhan (0.30% delivery) or SBI Securities (0.50% delivery). |
How to Select the Right Broker: Beyond Just Lowest Brokerage Charges
Choosing the lowest brokerage charges in India is a primary goal, with platform reliability and features
- Check Additional Charges: Look for low or zero AMC and account opening fee (eg, Growww provides ₹ 0 AMC).
- Consider Investment Options: Brokers such as Angel One and Grove provide various options such as American stock and digital gold.
- Compare Brokerage Fees: Opt for flat-fee brokers such as Zeroda or Upstox for frequent trade to save cost.
- Evaluate Trading Platforms: Ensure that the platform (eg, Zeroda kites, upstox Pro) provides real -time data, advanced charting and rapid execution.
- Leverage and Margin: Check for high leverage (up to 20x) for intraday and F&O trading with brokers like Upstox or Wisdom Capital.
- User Reviews and SEBI Registration: Ensure that the broker is sebi-rated and has a positive review for reliability.
- Customer Support: Full-service brokers such as Kotak Securities and Sharekhan offer advisory services, which are ideal for beginners.
Tips to Reduce Your Brokerage Costs Even Further
- Trade in Bulk: To reduce per-order fee, execute large trades.
- Monitor Hidden Fees: Check the DP fee (₹ 20.25 per debit transaction) and GST.
- Avoid Call-and-Trade: Use online platforms to avoid additional fees (E.G., ₹ 50 per call on Angel One)
- Opt for Discount Brokers: Choose brokers such as Zerodha, Upstox or Wisdom Capital for flat fees at percentage-based fees.
- Take Advantage of Promotions: Brokers like Upstox and Angel One offer zero brokerage for the first 30 days.
- Use Zero Brokerage Plans: Take advantage of zero brokerage on equity delivery (unlimited plans of Jerodha, Upstox) or F&O (unlimited plans of Wisdom Capital)
Frequently Asked Questions about Lowest Brokerage Charges in India
What are Groww intraday charges?
Grow intraday fees are ₹ 20 or 0.05% per executed order, whichever is low.
Do brokerage fees include taxes?
No, brokerage fees do not include taxes such as STT (0.1%on purchase/sale) GST (18%on brokerage transactions fee) and SEBI duty (Rs 10 per crore). Use brokerage calculations for total cost.
Is a SBI Demat account cost-effective?
SBI charges 0.50% for securities delivery and 0.05% for intraday, which is more than discount brokers such as Zerodha or Upstox. This is better for investors who want a 3-in-1 account with reliability.
Are there truly any hidden charges with “lowest brokerage” firms?
Reputable “lowest brokerage” firms are generally transparent. The “hidden” aspect often comes from legal fees (STT, GST, etc.). Those who are always applicable, not directly from the broker. With SEBI’s new transparency rules, it is easy to see these components. Always check the contract note after trading for a detailed description.
What are Fyers’ brokerage charges?
Fyres is a discount broker that generally charges a flat fee for the order executed.
What are Groww’s brokerage charges?
Groww charges ₹ 20 or 0.05% per executed order (whichever is low) for Intrade Trading and provides free equity delivery trade.
Are there any brokers with zero brokerage on F&O?
Wisdom Capital provides zero brokerage on F&O with its unlimited business plans, which is ideal for high volume traders.