Lowest Brokerage charges in India for Online Trading

Last Updated on February 27, 2025 – by Mamta

The Brokerage fee is the amount that any stockbroker charges from the customer to buy or sell orders in the stock market. One of the main costs that any investor has to bear is the brokerage fees that investors have to pay to their stockbrokers. The brokerage fee is mainly calculated as a percentage of investor trade value or flat fee per trade. Brokerage fees can have a major impact on your profits and reduce your returns. Hence it is necessary to choose a stockbroker that provides the lowest brokerage charges in India.

If a trader or investor invests in the Indian stock market, it is important for them to minimize their costs and maximize their profits. In this article, we will explain the different types of stockbrokers and provide a list of stockbrokers who offer the lowest brokerage charges.

Types of Brokers in India

First, we need to understand about the types of brokers that are available in India. There are two types of brokers in India.

• Full-Service Brokers– These are traditional brokers that offer different range of products and services to their clients. The products they offer are trading, investing, research, advisory, and more. They usually charge high fees on brokerage, account opening, maintenance fees and more.
• Discount Broker– These are the modern brokers that offer a limited range of services like trading and investing. They usually charge a lower brokerage fee based on a flat fee or zero brokerage for products. Discount broker also charges less or no other fees and charges.

List of the top stock brokers with the lowest brokerage charges

1. Angel One

Angel One is the full service broker in India with over 7.1 million active users. It offers different investment options which include stocks, commodities, and mutual funds. Angel One charges zero brokerage on delivery and its user-friendly platform allows users to have a valuable experience.

Top features of Angel One

• Angel One offers a different tool to give a wide summary of the markets and trades.
• It  provides daily technical and derivative reports without charging anything extra
• It charges a fixed brokerage for everyday trading and derivatives.
• Angel One also offers loans against shares.
• Investors can also get the chance to invest in corporate bonds through Angle One.

Charges of Angel One

2. Zerodha

Zerodha is an Indian financial service company. It is famous for its speed and reliability and also has its own mobile app called Zerodha Kite. Zerodha Kite offers an intuitive interface, advanced charting tools and multiple order types. It is the second largest stock broker with low brokerage fees and user-friendly services.

Top Features of Zerodha

• Zerodha have an advanced charting tool that supports over 100 indicators
• The basket order features allow users to make various orders at once
• It has a variety of order types and execution modes like market order, limit order, stop loss order and more
• The Coin feature in Zerodha allows users to invest in direct mutual funds with zero commission

Charges of Zerodha

3. 5Paisa

5paisa is a fast-growing discount broker in India. It offers affordable financial services like online trading, mutual funds and insurance. They also provide a smooth and low brokerage method to their users. Moreover, they only charge INR 20 per order for any type of trade whether it is equity delivery, intraday or F&O.

Top Features of 5Paisa

• 5Paisa offers an all-in-one account for stocks, mutual funds, commodities and other investments
• It offers traders an innovative trading platform with free technical, derivative and fundamental research
• 5Paisa offers free stock advice and research to their users
• It also offers a variety of services like portfolio analyzers, monitoring services and more

Charges of 5 Paisa

4. Upstox

Upstox offers its users a free web-based trading platform called Upstox pro. Upstox demat account provides their users a platform to manage their stocks online safely. With Upstox pro users can trade in stocks, futures, options and currencies.  It provides their users low brokerage fees and a budget-friendly platform.

Top Features of Upstox

• Upstox provide an advanced charting tool that supports over 100 indicators
• They provide a variety of third-party trading systems
• Users may invest in thousands of mutual funds with the Upstox mobile application
• It allows users to transfer stocks from an existing demat account to the Upstox account

Charges of Upstox

5. Samco

Samco Securities offers its users a smooth and affordable demat account. The Samco demat account provides users with quick and safe transactions. It also offers advanced trading tools that help their users make investment decisions. It is a budget-friendly option for beginners and experienced traders as it takes low brokerage fees.

Top Features of Samco

• Samco provide a convenient basket of stocks based on expert advice
• It takes low brokerage charges for each order and allows free trading and Demat account opening
• It provides 100% Brokerage Cash Back for 1st Month for trades using Mobile App
• The account opening process in Samco is free, paperless and takes only 5 minutes

 Charges of Samco

How are Brokerage Charges Calculated?

The Brokerage fees can be calculated in three simple ways-

• Percentage-Based Brokerage Fee- In this, the broker’s charges a percentage of the trade value. There are some brokerage platforms that offer low rates like 0.01% which makes it feel like having no brokerage fees attached.
• Flat Fee Per Trade- This brokerage fee is for those who are looking for a low brokerage. Some brokers choose a flat fee which usually ranges from INR 15 to INR 20 per trade. This flat fee structure is best for those investors who want to minimize their brokerage costs.
• Hybrid Brokerage Fee- Some brokers choose a hybrid fee structure that combines both percentage and flat fee based brokerage. A broker can charge 0.01% of the trade value and a minimum INR 20 for each trade.

How to choose the  best stock broker in terms of brokerage charges

The selection of the right broker can significantly impact your investment costs. You need to consider the following factors to find the best platform for zero brokerage or low brokerage. Here are the following points:

• Fee Structure– You need to look for those brokers with a competitive fee structure, especially those who are offering percentage based fees as low as 0.01%, which is essentially equal to zero brokerage.
• Minimum Balance Requirement– You need to ensure the broker you choose does not demand a huge minimum balance, as it can reverse the purpose of seeking zero or low brokerage options.
• Hidden Charges– You need to do full research for any hidden fees such as account opening fees. It can increase your overall trading cost, choose for transparent brokers that ensure you pay only the mentioned amount.

Conclusion

The best broker with low brokerage charges is the one who meets your needs by offering reliability, an easy-to-use platform, customer services and more. Hence, we have mentioned the list of best brokers who take low brokerage fees. Here you can find, compare and open a demat account with the broker that suits you. You just need to conduct a thorough research and consider opening your trading account with low brokerage fees in India.

FAQs

1. What are the maximum brokerage charges a broker can put?

In India, the maximum brokerage charges a broker can put is 2.5% of the transaction value. However, most of the broker charges less than this limit.

2. What are the minimum brokerage charges a broker can put?

The minimum brokerage a broker can charge can be zero, or as low as a few rupees. However, the exact amount depends on the type of trade, the broker, and the value of the transaction.

3. Who offers lowest brokerage charges in India?

Zerodha, Upstox, and Angel One are some of the brokers in India that offer low brokerage charges. Discount brokers generally offer lower fees than full-service brokers.