Are you looking to find the best cheapest brokerage brokers in India and get bewildered with the number of options and undisclosed charges? To most investors, large brokerage charges may consume the profits and render the trade less profitable. To make the best out of your returns, it is important to select a broker who has low costs and clear prices.
Top 7 Cheapest Brokerage Brokers in India 2025
The following is a well-researched list of the top and the most affordable brokerage brokers in India in 2025. These brokers are chosen based on low commission rates, trustworthy platforms and customer satisfaction. The prices and features of each broker are founded on the latest official information.
1. Upstox Upstox is best suited to low cost, transparent trading
- Upstox is an Indian-based discount broker, which has a flat-fee model and electronic trading platform. Upstox has close to 2.7 million active clients and is among the most well-known options of traders who prefer to maintain low costs.
Why Upstox:
- ₹20 per order executed in flat fee in equity delivery, intraday, F&O, currency and commodity.
- No first-year account maintenance fee- trade without any additional fees.
- No hidden charges: All the statutory charges are mentioned clearly including GST, SEBI charges and exchange charges.
- 5x leveraging on intraday equity trading, so that you can trade more with less money.
- Convenient interface: Upstox Pro app and web platform have a convenient interface, fast execution and the advanced charting tools.
- SEBI registered: It makes your investments secure and controlled
Key Features:
- Equity Delivery Brokerage: 20 rupees per order or 0.1 percent (whichever is the lower)
- Equity Intraday Brokerage: 20 per order or 0.05 per cent whichever is less
- F&O Brokerage: 20 rupees per order or 0.05 per cent (whichever is lower)
- Account Opening Charges: Free
- Demat AMC: First year is free
- Margin: 5x on intraday
2. Zerodha – Best for Low-Cost, High-Volume Traders
- Zerodha is the biggest discount broker in India, known by its low-cost business model and powerful trading platforms. It is a leading selection among new and professional traders.
What is Zerodha:
- Free equity delivery trading: No brokerage of delivery trade
- Charge 20 rupees per order executed in the intraday and F&O.
- Complex platforms: Kite to trade and Varsity to learn.
- Clear prices: There are no hidden costs.
Key Features:
- Free Equity Delivery Brokerage
- Equity Intraday Brokerage: 20 per order or 0.03 percent (whichever is less
- F&O Brokerage: 20 rupees per order
- Account Opening Charges: 200 (one time)
- Demat AMC: 300 per annum
3. 5paisa- Suitable to Low Budget Investors
Why 5paisa:
- 5paisa is a well-known discount broker that charges a fixed fee and provides other research facilities free of cost.
- Fixed 20 rupees per order executed on any segment.
- All clients will receive free research and advice.
- No hidden fees: No hidden fees.
Key Features:
- Equity Delivery Brokerage: 20/order
- Equity Intraday Brokerage: 20/- per order
- F&O Brokerage: 20 rupees per order
- Free offers on Account Opening Charges:
- Demat AMC: 300 per annum
4. ProStocks Best Unlimited Trading Plans
The reasons to choose ProStocks:
- Unlimited trading at 899 per month- trade what you like within a fixed fee.
- Pay-as-you-go plans are billed at 15 per executed order.
- No opening account fees.
- ProStocks is unique because of its unlimited trading plans which makes it suitable to frequent traders.
Key Features:
- Equity Delivery Brokerage: 15 rupees per order or unlimited plan
- Equity Intraday Brokerage: 15 per order or unlimited package
- F&O Brokerage: per order: 15 / unlimited plan
- Account Opening Charges: Free
- Demat AMC: 0
5. Fyers – Best for New-Age Traders
- Fyers is a discount broker with a simple to use platform and flat pricing.
Why Fyers:
- Pricing at 20 per order executed on all segments.
- No maintenance fee in the first year and no charge on account opening
- The latest trading tools and charts.
Key Features:
- Equity Delivery Brokerage: 20/- per order
- Equity Intraday Brokerage: 20/- per order
- F&O Brokerage: 20/- per order
- Account Opening Charges: Free
- Demat AMC: First year free
6. Paytm Money – Best for Digital-First Investors
Paytm Money offers a tech-driven approach with flat charges and a simple interface.
Why Choose Paytm Money:
- Flat ₹20 per executed order for all trades.
- Zero account opening charges.
- Integration with Paytm ecosystem.
Key Features:
- Equity Delivery Brokerage: ₹20 per order
- Equity Intraday Brokerage: ₹20 per order
- F&O Brokerage: ₹20 per order
- Account Opening Charges: Free
- Demat AMC: ₹300 per year
7. Angel One – Best for Research and Advisory
Angel One combines low-cost trading with research and advisory services.
Why Choose Angel One:
- Zero brokerage on equity delivery.
- Flat ₹20 per executed order for intraday and F&O.
- Comprehensive research and advisory.
Key Features:
- Equity Delivery Brokerage: Free
- Equity Intraday Brokerage: ₹20 per order
- F&O Brokerage: ₹20 per order
- Account Opening Charges: Free offers available
- Demat AMC: ₹240 per year
Comparison Table: Cheapest Brokerage Brokers in India 2025
| Broker | Equity Delivery | Intraday | F&O | Account Opening | Demat AMC | Special Feature |
| Upstox | ₹20/order | ₹20/order or 0.05% | ₹20/order or 0.05% | Free | Free (1st year) | Transparent charges, 5x margin |
| Zerodha | Free | ₹20/order or 0.03% | ₹20/order | ₹200 | ₹300 | Free delivery, robust tools |
| 5paisa | ₹20/order | ₹20/order | ₹20/order | Free offers | ₹300 | Free research, advisory |
| ProStocks | ₹15/order or ₹899/month unlimited | ₹15/order or unlimited | ₹15/order or unlimited | Free | ₹0 | Unlimited plans |
| Fyers | ₹20/order | ₹20/order | ₹20/order | Free | Free (1st year) | Modern tools, free opening |
| Paytm Money | ₹20/order | ₹20/order | ₹20/order | Free | ₹300 | Paytm integration |
| Angel One | Free | ₹20/order | ₹20/order | Free offers | ₹240 | Research, advisory |
How to Choose the Best Cheapest Brokerage Broker in India
- These are some of the points to consider to choose the best cheapest brokerage broker in India:
- Brokerage Structure: Flat fee per order would be great because of the high volume traders; unlimited plans would be good on very active investors.
- Account and AMC Charges: Seek brokers who do not charge on annual maintenance.
- Platform Reliability: Make the platform of the broker app and web stable and user-friendly.
- Margin/Leverage: Intraday traders can get an advantage due to increased leverage.
- Transparency: Statutory fees, as well as all charges, are to be listed.
- SEBI Registration: Trade with SEBI-registered brokers to be safe and compliant.
- Customer Support: Quick response is important in solving problems.
Frequently Asked Questions (FAQs)
1. Which is the cheapest brokerage broker in India for 2025?
Upstox is among the cheapest, offering flat ₹20 per order across all segments with no hidden charges and free account opening.
2. Do any brokers offer free equity delivery trading?
Yes, Zerodha and Angel One offer free brokerage on equity delivery trades.
3. What is the lowest brokerage for intraday trading?
ProStocks offers ₹15 per order or unlimited trading at ₹899/month; Upstox and Zerodha charge ₹20 per order.
4. Are there any hidden charges with Upstox?
No, Upstox lists all statutory charges transparently on its website, including GST, SEBI, and exchange fees.
5. Can I open an account for free?
Yes, Upstox, Fyers, Paytm Money, and ProStocks offer free account opening.
6. Which broker offers the best unlimited trading plan?
ProStocks provides unlimited trading at ₹899/month, ideal for frequent traders.
7. Is margin trading available with these brokers?
Yes, Upstox offers up to 5x leverage for intraday equity trading; others provide various margin options.
8. Are all these brokers SEBI registered?
Yes, all listed brokers are SEBI registered and comply with regulatory standards.
9. What is the annual maintenance charge (AMC) for demat accounts?
Upstox offers free AMC for the first year, while others charge between ₹0 and ₹300 per year.
10. Which broker is best for beginners?
Upstox and Zerodha are both user-friendly and ideal for beginners due to their simple platforms and transparent pricing.
Conclusion
The importance of choosing the most suitable cheapest brokerage broker in India is to make the most out of your profits in your trading. Upstox has been in the forefront with its flat fee of 20 rupees per order, no account opening fee, and no hidden fee structure as of 2025. Being a novice or an experienced trader, Upstox is the best place to trade at the lowest rates due to the sound platform and low commissions. You are all set to save on brokerage? Open your Upstox account today and enjoy cost effective, easy trading!
