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For equity delivery, Zerodha and Dhan charge zero brokerage. For intraday and F&O, the major discount brokers — Zerodha, Groww, Upstox, Angel One, Dhan — converge on a flat ₹20-or-percentage model, with options always at flat ₹20 per executed order. Full-service brokers (ICICI Direct, Mirae Asset Sharekhan, Motilal Oswal) are typically more expensive on a per-trade basis but include research, advisory, and physical branch support. Use any broker’s calculator on this page to see the full landed cost on your trade size.

On every Indian trade you also pay STT (Securities Transaction Tax), exchange transaction charges, SEBI turnover charges, GST at 18% on brokerage and exchange charges, stamp duty on the buy side, and DP charges on equity delivery sells. On small trades, these statutory and exchange charges often exceed the broker’s own brokerage — which is why a complete charge breakdown matters more than the headline brokerage rate.

Yes. STT, GST, stamp duty, exchange transaction charges, and SEBI charges are set by the government, exchanges, and SEBI — they are identical across brokers. Only the broker’s own brokerage and DP charges differ. A brokerage calculator that includes these statutory items gives you the true landed cost.

Not always. On small trades, percentage-based pricing can come out lower than a flat ₹20 — for example, 0.1% on a ₹5,000 trade is ₹5, well under ₹20. On larger trades the flat fee is almost always cheaper. The break-even point depends on the broker’s exact percentage and any minimum-fee floor; the calculator handles this for you.

Each broker’s entry shows a lastVerifiedAt date that reflects when the rates were last checked against the broker’s official pricing page. We re-verify on a quarterly cadence and on every observed pricing change.

Yes, where a broker offers multiple plans we model each one separately. Open the broker’s detail page and pick your plan to recompute charges against your actual subscription tier.