#1
Zerodha
4.64.6 out of 5(18,420)
India's largest discount broker, known for a clean platform and flat-fee pricing.
- Delivery
- Zero
- AMC
- ₹300/yr
- Opening
- ₹200
Free equity delivery + free direct mutual funds
Charges last updated 12 Aug 2026
Lowest Brokerage Stock Brokers
Brokers with the lowest effective per-order cost across delivery, intraday and F&O.
| # | Broker | Rating | Delivery | Intraday | AMC | |
|---|---|---|---|---|---|---|
| 1 | Zerodha | 4.64.6 out of 5 | Zero | 0.03% or ₹20 / order (lower) | ₹300 | Open Account |
| 2 | Upstox | 4.24.2 out of 5 | ₹20 or 2.5% per order (lower) | ₹20 or 0.05% per order (lower) | ₹300 | Open Account |
| 3 | 5paisa | 3.83.8 out of 5 | ₹20 per order (₹10 on packs) | ₹20 per order (₹10 on packs) | ₹300 | Open Account |
#2
Upstox
4.24.2 out of 5(15,230)
Discount broker with fast execution and competitive flat pricing for active traders.
- Delivery
- ₹20 or 2.5% per order (lower)
- AMC
- ₹300/yr
- Opening
- Free
Zero account opening charges
Charges last updated 12 Aug 2026
#3
5paisa
3.83.8 out of 5(5,420)
Low-cost discount broker with subscription packs that reduce per-order fees.
- Delivery
- ₹20 per order (₹10 on packs)
- AMC
- ₹300/yr
- Opening
- Free
Flat ₹10 per order on subscription packs
Charges last updated 12 Aug 2026
Our methodology
Ranked purely on effective per-order brokerage for a typical retail order size.
Editorial rankings are produced independently of any commercial relationship. Sponsored listings are labelled and are never promoted above their earned editorial position.
Pros & cons of the top pick
- + Zero delivery brokerage
- + Fast, uncluttered trading platform
- + Strong educational content
- − Limited research recommendations
- − Phone support can be slow at peak hours
Frequently asked questions
- Are cheap brokers lower quality?
- Not necessarily. Discount brokers cut advisory services, not exchange access or regulatory compliance.
We are a broker comparison and discovery platform. Brokerage rates, fees, offers and product features may change. Please verify the latest information on the broker's official website before opening an account. Information provided on this platform should not be considered investment advice.