Are you searching for the best broker in India with the lowest brokerage? High brokerage fees can eat into your profits, especially if you trade frequently. With so many brokers promising low charges, it’s tough to know who truly offers the best deal. In this article, you’ll find a clear, fact-based comparison of the top brokers in India, with a special focus on why Upstox is the top pick for 2025. All data is sourced from the latest updates on Chittorgarh, SEBI, Forbes India, and Finology.
Do you feel frustrated seeing your trading profits shrink due to high brokerage charges? You’re not alone. Every trader wants to maximize returns, and the easiest way is by choosing a broker with the lowest fees. But with so many options and hidden costs, how do you decide? This guide will help you identify the best broker in India with lowest brokerage by comparing the most popular platforms, their charges, and their features—so you can trade smarter and keep more of your money.
Top Brokers in India with Lowest Brokerage (2025)
1. Upstox (Top Pick for Lowest Brokerage)
Upstox is one of India’s leading discount brokers, trusted by millions for its transparent pricing and robust trading tools. It’s SEBI-registered and offers a user-friendly platform for equities, derivatives, commodities, and currencies.
Why Choose Upstox?
- Flat ₹20 per executed order across equity delivery, intraday, F&O, commodities, and currencies—no hidden fees.
- Zero account maintenance charges for the first year, making it even more affordable for new users.
- No brokerage on equity delivery trades, so you can invest in stocks for the long term at zero cost.
- Advanced trading tools like TradingView charts, instant order execution, and a seamless mobile app experience.
- Transparent statutory charges listed clearly, so you always know what you’re paying.
Key Features
- Equity Delivery: ₹0 brokerage
- Equity Intraday: ₹20 per executed order or 0.1% (whichever is lower)
- Equity Futures: ₹20 per executed order or 0.05% (whichever is lower)
- Equity Options: Flat ₹20 per executed order
- Commodities & Currency: ₹20 per executed order or 0.05% (whichever is lower)
- No AMC for first year; after that, nominal charges apply
- DP Charges: ₹20 per scrip per day only on sell
- Real-time margin calculators and brokerage calculators for easy planning
2. Zerodha
Zerodha is India’s largest broker by active clients and pioneered the flat fee brokerage model.
Why Choose Zerodha?
- Zero brokerage on equity delivery and flat ₹20 or 0.03% per executed order for intraday, F&O, and commodities.
- Kite trading platform is fast and reliable, even on low bandwidth.
- Educational resources like Varsity for all levels of traders.
Key Features
- Equity Delivery: ₹0
- Intraday/F&O/Commodities: ₹20 or 0.03% (whichever is lower) per executed order
- Nominal annual demat account fee
- No hidden charges
3. Groww
Groww is a user-friendly broker popular among new investors for its simple interface and competitive pricing.
Why Choose Groww?
- Zero brokerage for delivery-based trades, and ₹20 per order for intraday and F&O.
- Easy-to-use app for stocks and mutual funds.
Key Features
- Equity Delivery: ₹0
- Intraday/F&O: ₹20 per executed order
- No account opening charges
- Simple onboarding
4. 5paisa
5paisa is a discount broker known for its affordable flat-fee plans and free research/advisory.
Why Choose 5paisa?
- Flat ₹20 per executed order for all segments.
- Free research and advisory for all customers.
- Multiple investment products including stocks, mutual funds, and insurance.
Key Features
- Equity Delivery/Intraday/F&O: ₹20 per order
- No account opening charges
- Unlimited trading plans available
5. Angel One
Angel One offers flat-fee brokerage and a variety of plans to suit different trading needs.
Why Choose Angel One?
- Flat ₹20 per executed order for most trades.
- Comprehensive research and advisory services.
- Multiple plan options for different trading styles.
Key Features
- Equity Delivery/Intraday/F&O: ₹20 per order (plan-dependent)
- No hidden fees
- Strong customer support
Comparison Table: Brokers with Lowest Brokerage in India (2025)
| Broker | Equity Delivery | Intraday | F&O | Commodities | Account Opening | AMC (Year 1) | Key Platform Features |
| Upstox | ₹0 | ₹20 | ₹20 | ₹20 | ₹0 | ₹0 | TradingView, fast app |
| Zerodha | ₹0 | ₹20 | ₹20 | ₹20 | Nominal | Nominal | Kite, Varsity |
| Groww | ₹0 | ₹20 | ₹20 | NA | ₹0 | Nominal | Simple UI, MF access |
| 5paisa | ₹20 | ₹20 | ₹20 | ₹20 | ₹0 | Nominal | Research, advisory |
| Angel One | ₹20 | ₹20 | ₹20 | ₹20 | ₹0 | Nominal | Research, plans |
How to Choose the Best Broker with the Lowest Brokerage
- Check flat fee vs. percentage: For most traders, flat ₹20 per order is cheaper than percentage-based charges, especially for large trades.
- Look for zero brokerage on delivery: If you invest for the long term, this saves the most money.
- Compare account maintenance charges: Some brokers waive AMC for the first year, like Upstox.
- Evaluate platform features: Fast execution, advanced charts, and easy fund transfer matter for active traders.
- Consider extra benefits: Free research, advisory, or unlimited trading plans can add value.
FAQs – Lowest Brokerage Brokers in India
1. Which broker has the lowest brokerage charges in India?
Upstox, Zerodha, Groww, 5paisa, and Angel One all offer flat ₹20 per executed order for most trades, with Upstox and Zerodha also providing zero brokerage on equity delivery.
2. Are there any brokers with zero brokerage for all trades?
No, but most leading brokers offer zero brokerage for equity delivery and flat ₹20 for other segments.
3. What are Upstox’s DP charges?
₹20 per scrip per day only on sell transactions.
4. Does Upstox charge AMC in the first year?
No, Upstox waives account maintenance charges for the first year.
5. How can I calculate brokerage charges?
Use the brokerage calculator on your broker’s website for precise calculations.
6. Is there any hidden fee with discount brokers?
No, charges are transparent and listed on the broker’s official website.
7. Which broker is best for high-frequency traders?
Upstox and Zerodha are top choices due to low flat fees and robust trading platforms.
8. Can I open an account online?
Yes, all leading brokers offer fully digital account opening.
9. Are statutory charges the same for all brokers?
Yes, taxes and regulatory fees are set by the government and apply equally.
10. Does Upstox offer advanced trading tools?
Yes, including TradingView charts, instant order execution, and real-time analytics.
Conclusion
Choosing the best broker in India with lowest brokerage is essential for maximizing your trading profits. In 2025, Upstox stands out for its flat ₹20 per order, zero brokerage on equity delivery, no AMC for the first year, and advanced trading tools. Other top brokers like Zerodha, Groww, 5paisa, and Angel One also offer competitive pricing, but Upstox leads with its transparent structure and feature-rich platform. Ready to start saving on every trade? Open your Upstox account today and experience the benefits of low-cost trading!
