Synopsis: The article lists the brokerage trading apps in India with the lowest charges, along with their equity delivery, intraday, futures and options, account opening, and account maintenance charges.
In FY25 alone, brokerages added almost 41.1 million new demat accounts, which increased the total number of demat accounts to around 19.24 crore. This shows the rising interest of Indians in stock market trading. However, brokerage alone should not be the only deciding factor. Always evaluate the total cost of ownership, not just the catchy brokerage rate.
1. Shoonya by Finvasia
Offers the lowest cost by having no brokerage fees for all segments. It also has no clearing charges, which makes it genuinely commission-free.
- Equity delivery: Zero charges
- Intraday / F&O: ₹5
- Account opening: Zero charges
- Demat Annual Maintenance Fees: Zero charges
2. Zerodha
Zerodha is an online platform to invest in stocks, derivatives, mutual funds, ETFs, bonds, and more. It has 1.6+ crore customers with ~ ₹6 lakh crores of equity investments, that makes Zerodha India’s largest broker; contributing to 15% of daily retail exchange volumes in India.
It offers free equity delivery and charges a maximum of ₹20 per executed order for intraday and F&O. It is well-known for its strong Kite platform.
- Equity delivery: Zero charges
- Intraday / F&O: ₹20
- Mutual Fund Investments: : Zero charges
- Account opening: Zero charges
Zerodha offers a differentiated demat Annual Maintenance Fees based on client portfolio:
- Zero charges up to ₹4 lakh holdings
- ₹100 if the value of holdings is between ₹4 lakh- ₹ 10 lakh
- ₹200 if the value of holdings is above ₹10 lakh.
Zerodha offers a whole ecosystem of trading platforms and services through their investments in 30+ fintech startups that offers their customers a tailored services specific to their needs.
3. m.Stock
m.Stock, a Mirae Asset brand, is a powerful, stable, and secure trading platform built for modern Indian investors & traders.
With over 23 lakh users, 95 crore+ trades, and 28 lakh+ daily average trades, m.Stock delivers a seamless investing experience across stocks, F&O, mutual funds, ETFs and IPOs. m.Stock also offers FREE trading APIs and expert research calls.
- Equity delivery: Zero charges
- Intraday / F&O: ₹5/order
- Pay Later (MTF) interest starting from just 6.99% p.a.
- Account opening: Zero charges
Here’s a quick link to Open your FREE account with mStock!
4. Groww
Popular with beginners and experienced investors, it provides an easy-to-use interface with no brokerage fees on delivery and ₹20 or 0.05% for intraday trades.
- Equity delivery: 0.1%
- Intraday / F&O: 0.025% to buy, 0.03% to sell
- Account opening: Zero charges
- Demat Annual Maintenance Fees: Zero charges
5. AngelOne
It offers a flat ₹20 fee for intraday and F&O trades. There is no brokerage for equity delivery. This service is supported by thorough research and advisory services.
- Equity delivery: 0.50% or 0.05 per unit, whichever is lower.
- Intraday / F&O: ₹0 brokerage up to ₹500 for the first 30 days; Then ₹20 or 0.1%, whichever is lower.
- Account opening: Zero charges for the first year.
- Demat Annual Maintenance Fees:
- Zero charges (first year).
- For BSDA accounts, there are no charges for holdings up to ₹4 lakh, while holdings between ₹4–10 lakh are charged ₹100 + GST per year.
- For non-BSDA clients are charged ₹60 + GST per quarter, applicable only after the first trade in that quarter.
Also Read: 5 Safe Investment Plans in India for Long-Term Wealth Growth (2026)
6. Upstox
A popular option for traders, it offers low-cost, high-speed trading. You pay ₹20 per trade for intraday and F&O, and there’s free delivery.
- Equity delivery: ₹20
- Intraday / F&O: ₹20 or 0.1%, whichever is lower.
- Account opening: Zero charges
- Demat Annual Maintenance Fees:
- Zero charges for the first year.
- Holdings up to ₹4 lakh incur no AMC, holdings between ₹4–10 lakh are charged ₹100 p.a.
- For holdings above ₹10 lakh or non-BSDA accounts are charged ₹300 p.a. (excluding GST).
7. 5paisa
Offers a flat ₹20 brokerage per trade in all segments. This structure is ideal for anyone looking for a simple, low-cost option.
- Equity delivery: ₹20
- Intraday / F&O: ₹20
- Account opening: Zero charges
- Demat Annual Maintenance Fees:
- For BSDA accounts, AMC is free for holdings up to ₹4 lakh
- For holdings between ₹4–10 lakh are charged ₹8.33 per month + 18% GST (billed quarterly).
- For non-BSDA accounts, AMC is ₹25 per month + GST for individuals/HUFs/partnerships, while corporates (LLPs, private & public companies) pay ₹83.33 per month + GST, both billed quarterly.
Conclusion
Choosing the lowest brokerage trading app in India in 2026 depends largely on your trading style, frequency, and portfolio size. As seen above, most modern discount brokers now offer zero account opening charges and competitive brokerage, making investing far more affordable than ever.
Written by Nila Maria Jacob
