Lowest Brokerage Charges in India: A Comprehensive Guide (2025)

When you purchase or sell shares, you must pay broking costs with the price of stocks you purchased. These fees may not seem like much at first, but they can be costly for long term trades having frequent trades. Finding a broker with lowest brokerage charges in India and who doesn’t feel like burden while charging broking fees might therefore significantly impact your profits.

With bargain brokers offering zero or ultra-low broking to attract retail traders and investors, the Indian stock market is more competitive than ever in 2025 due to on going wars, trade tensions and own national disputes. But keep in mind cheap brokerage alone doesn’t make a any broker the best, you also need to look at how reliable they are, how smooth their technology feels, how secure their platform is, whether there are any hidden charges, and how quickly they’re there for you when you need help.

In this guide, we will:

• Explain what is brokerage charges and its types.
• Compare top brokers in India offering beneficial rates
• Give you tips for choosing the right broker
• Answer common FAQs for beginners

So, Let’s dive into it.

What are brokerage charges?

In financial markets (such as stocks, commodities,etc) or real estate, to facilitate certain transaction between buyer and seller and they charge little amount as fees or commission is what we call Brokerage charges.

These can be charged as:

• 1. Percentage-based – e.g., 0.03% of the trade value
• 2. Flat-fee per order – e.g., ₹20 per executed order

Example:

If you buy stocks worth ₹1,00,000 and your broker charges 0.03%, you’ll pay ₹30 per trade. If it’s a flat ₹20 per trade, you pay ₹20 regardless of trade value.

This little pocket pinch, in the name of brokerage charges significantly effect your trading costs and long-term investment returns. Indian stock or, financial markets are evolving very frequently due to various international and national tensions over these few months. 

A rise in discount brokers offering zero or ultra-low broking has led to intense rivalry in India’s developing financial market (2025). Here we examine the brokers with the lowest broking fees in detail, paying particular attention to their price schedules, account fees, and unique selling points.

Types of Broking Charges in India  

1. Equity Delivery Broking – Buy shares and hold them for more than one day.  
2. Equity Intraday Broking – when you buy and sell shares on the same day.  
3. Futures & Options (F&O) Broking – Fees for derivatives trading.  
4. Commodity Broking – It involves trading of commodities such as gold and crude oil.  
5. Currency Broking – this brokerage is for forex and currency derivative trading.

1. Zerodha: Pioneering the Zero-Brokerage Revolution

Brokerage Structure

Equity Delivery: ₹0 brokerage.

Intraday & F&O: ₹20 or 0.03% of order executed, whichever is lower.

Zerodha Broking Ltd is an Indian brokerage and financial services company,in Bengaluru. It offers an online trading platform that facilitates various types of trading of stocks, derivatives, currencies, commodities, mutual funds and bonds.

Zerodha’s flat-rate approach and easy-to-use Kite platform transformed retail broking in India.  It is still a popular option for both novice and experienced traders.  Additionally, it recently simplified onboarding and decreased broking for non-PIS NRI accounts.

2. Upstox: Simplicity Meets Speed

Brokerage Structure

Equity Delivery: Free.

Intraday & F&O: ₹20 per order, or 0.1%/0.01%—whichever is lower depending on segment.

It’s one of India’s largest and fastest-growing digital brokers, offering trading across stocks, mutual funds, ETFs, derivatives, digital gold, and more.

Benefits  

No AMC or account opening fees (free for the first year).  

Investors like Tiger Global and Ratan Tata support this quick, user-friendly platform with a powerful IT infrastructure.

3. Groww: Minimalist and Millennial-Friendly

Brokerage Structure

Equity Delivery & Intraday & F&O: Flat ₹20 or 0.05% per executed trade—whichever is lower.

Extras

Free mutual fund investment and IPOs.

No AMC or account fees, plus a sleek, modern interface built for new investors — complete with handy educational tools right inside the app.

4. 5Paisa: Subscription-Based Savings

Brokerage Structure

Standard Plan: ₹20 per trade.

Ultra Trader Pack (₹999/month): Reduces brokerage to ₹10 per trade.

5paisa was founded in 2007 and is known for its low-cost brokerage model, targeting retail investors and active traders. One of India’s most well-known discount brokers, 5Paisa lets you access a low-cost flat-rate model—especially with its subscription plans (₹10 per trade under certain tiers). It’s loved by retail investors for its simplicity and accessibility.

Perks  

High frequency traders benefit from low account opening expenses.

They do have variable subscription savings.

5. Alice Blue: Lowest Intraday Brokerage

Brokerage Structure

Equity Delivery: Free.

Intraday, Futures, Options: ₹15 or 0.05%, whichever is lower—flat ₹15 for options.

Alice blue famous for its low brokerage costs platform  with rich platform offerings, Alice Blue is a favorite among active intraday traders. It offers budget friendly pricing with benefits of intuitive tools—making it a smart pick for those wanting both value and quality.

Why Alice Blue?

You get free account opening, with an AMC of around ₹400 a year — a small price for access to their powerful ANT trading suite, packed with advanced tools that active traders will love.

6. ProStocks: Ultra Low-Cost Trading

Brokerage Structure

Equity Delivery: Commission-free.

Intraday/F&O: Flat ₹15 per order.

ProStocks is an online brokerage firm operated by Sunlight Broking LLP, founded in 2016. Their mission? Making trading simple and inexpensive by leveraging technology to cut costs—without sacrificing transparency. Clients reportedly save 60–99% on brokerage compared to traditional brokers.

Perks

With one of the lowest broking fees in India, you get to keep more of your profits where they belong — in your pocket. Perfect if you’re cost-conscious and want every trade to work harder for you.

7. Nuvama Wealth: ₹10 Flat Brokerage

Brokerage Structure

All Segments: Flat ₹10 per executed order.

Nuvama, a durable, value-driven broking, was formerly known as Edelweiss Securities.  With a fixed price of only ₹10 each order, it’s made to provide incredibly affordable solutions without sacrificing dependability and confidence.

Why Navama Wealth?

High-volume traders who would want to see their profits increase rather than have them vanish due to broking costs will undoubtedly benefit from one of India’s lowest per-order charges.

8. Mirae Asset (m.Stock): Zero-Brokerage Promise

Brokerage Structure

Flat ₹20 per order across all segments, for life, with zero account or AMC fees.

Mirae Asset (m.Stock), supported by the global reach of Mirae Asset Financial Group, fulfils its zero-brokerage pledge.  It is designed for investors that seek cost effectiveness without sacrificing performance or trust thanks to its clear, transparent pricing and cutting-edge technological platform.

Unique Advantage

Enjoy lifetime zero brokerage on delivery trades and a flat ₹20 per order on others — no hidden clauses, no surprise fine print, just straight-up transparent pricing.

9. Shoonya (Finvasia): True Zero Brokerage (Live Sentiment)

Brokerage Structure (as of early 2025)

Equity Delivery, IPOs, Mutual Funds: Zero brokerage.

Intraday/Derivatives: ₹5 or 0.03% per order—whichever is lower.

Shoonya (by Finvasia), a relatively new player in the Indian trading market, is renowned for providing one of the lowest intraday broking prices, at just ₹5 per order.  Ideal for frugal intraday traders who want to spend as little as possible on each trade.

Insight

Shoonya is appreciated for transparency and ultra low intraday rates

“Shoonya by Finvasia… zero brokerage for all delivery trades… charges for intraday orders… as low as ₹5 per order or 0.03%.” (by reddit)

10. Fyers

Brokerage structure 

Equity delivery: Zero brokerage.

Intraday/Derivatives: ₹20 per executed order.

Fyers securities are SEBI registered discount broker in India. It is famous for its advance chatting platform and user interface. And they too don’t have any mischief or hidden charges.

Why ?

Well margin trading on Fyers are available with low intrest rates and they have integrated platform for all types of diversified securities.

*SEBI’s recent changes to standardise broker fees may have an impact on blanket zero broking strategies.  Many brokers are changing their price structures accordingly.*

Key Considerations When Choosing a Broker

1. Trade Frequency & Segment:

High-frequency traders may prefer brokers with minimal broking charges and quick, dependable trading platforms, whereas individuals who loves to trade in several segments (such as equities, derivatives, and commodities) should verify that the broker provides access to all segments required.

High-frequency or derivatives and heavy traders will be benefited from flat-rate brokers like Nuvama, ProStocks, or Shoonya. While, Long-term equity investors may choose Zerodha or Upstox for zero delivery fees.

2. Hidden Costs: 

Common hidden costs include account maintenance fees, inactivity fees, margin interest, platform fees, and transaction fees. Always check AMC, DP charges, transaction fees, and call-and-trade costs. A low brokerage doesn’t guarantee low total cost. Be a smart and efficient consumer.

3. Platform & Support: 

Your broker’s trading platform should be fast, stable,secure and easy to use.  A slow or unreliable trading platform can lead to slippage, causing you to lose money and no one wants that in this inflationary economy.

Feature-rich platforms (e.g., Zerodha’s Kite, Alice Blue’s ANT, Upstox’s Pro Web) and quality customer support who is easy and fast to connect with, will always be an add on.

4. Regulatory Changes: 

SEBI’s evolving norms could alter fee structures so your broker must be stay updated and tell you all reliable news on time. 

These improvements, which aim to improve market transparency and investor protection, include stronger standards for fees, derivatives trading, and securities settlement.

💡Final Takeaway – Who’s the Cheapest?

Absolute lowest intraday rates: Shoonya,  with just ₹5 per order — unbeatable for cost-cutting traders.

Ultra-low flat fee: Nuvama (₹10/order) and subscription based 5Paisa (₹10) give you a value for money deal.

Best for delivery trading: Zerodha and Upstox charge zero commission and is perfect for long-term investors.

Balanced cost + features: Alice Blue keeps fees low while offering a solid platform a sweet spot for active intraday players.

Tips to Keep Brokerage from Eating Your Profits

• If you deal with large deals, choose flat-fee brokers. 

A percentage-based broking may appear innocent on small deals, but it becomes a silent profit killer as trade values increase.  Flat-fee brokers charge the same amount regardless of the size of your order, which means you keep more money.

• Pick brokers with zero delivery charges for long-term investments

If you’re building a portfolio for the next 5, 10, or even 20 years, why pay for every buy-and-hold? Choose brokers that offer ₹0 equity delivery, so your long-term gains aren’t chipped away over time.

• Trade with purpose, not with emotions 

Everytime you buy or purchase based on your emotions but not on research and market conditions it is going to add up in your cost. Cutting down on unnecessary trades not only saves brokerage but also helps you avoid emotional decisions that could hurt your returns.

• Consider subscription models if you trade a lot

If you’re an active intraday player making dozens (or hundreds) of trades a month, a fixed subscription plan can slash costs dramatically. Once you pay the flat monthly or annual fee, every trade feels lighter on your wallet.

FAQs – Lowest Brokerage Charges in India

The rapidly evolving  of Indian stock trading market, brokerage charges are no longer just a cost to do business they form cost of securities and a deciding factor that directly impacts profitability. With discount brokers like Zerodha, Upstox, and Groww pushing the boundaries of affordability, and full-service brokers like ICICI Direct and HDFC Securities adapting to competitive pressures, traders can enjoy the leverage of having options with them and chose the best partner possible to easily do hassle free trading and be profitable at the same time.

However, the lowest brokerage doesn’t always means the best brokerage. Look on the broader side an ideal choice depends on a various other factors which people often ignore like cost, platform reliability, customer support, and additional value-added services, robust and user friendly interface.

 For instance, if you’re a beginner looking for a clean and easy-to-use interface, you might lean toward Groww or Angel One and yes some of them also provide educational content and support for better understanding of markets so you can learn practice and enjoy. If you’re an active intraday trader seeking advanced charting tools, you might prefer Zerodha’s Kite or Upstox Pro. 

Meanwhile, long-term investors who value research and portfolio insights may still find merit in full-service brokers despite slightly higher costs since proper research is a stepping stone for traders to maximize profits. 

It’s also worth noting that with SEBI’s strict compliance requirements and advancements in technology, most registered brokers today offer a fairly secure and transparent environment.The entire user experience, from opening an account to executing trades to answering client questions, is what sets them apart.  You are going to increase your returns by using the lowest broking fees in India, but only if you work with a broker that fulfill your small needs and don’t take his customers for granted. Thus, make an informed decision by comparing, reading user reviews, and trying out demo platforms.  Every rupee you save in broking is, after all, an additional rupee that can compound for your financial future in the stock market.