Cheapest broker in India
Ranked by intraday brokerage on a sample ₹1,00,000 turnover. Intraday is the cleanest single-segment proxy for active-trader cost — most retail volume sits here, and the headline fee mostly aligns with what the broker charges across other segments.
Single-segment proxy: brokerage on a ₹1,00,000 intraday trade using each broker's default plan. Brokerage only — no statutory.
- #1
Kotak Securities (broking arm of Kotak Mahindra Bank) operates on the Kotak Neo platform with four plans: Trade Free (0.20% delivery, ₹10 per order intraday and F&O), Trade Free Youth for under-30s (free delivery), Trade Free Pro (₹249/month, 0.10% delivery), and Dealer-Assisted (0.20% delivery, 0.02% intraday/futures, ₹35 per lot options).
Intraday brokerage / ₹1L₹10.00 - #2
Monarch Networth Capital is a full-service broker offering a traditional percentage-based plan (0.15% delivery, 0.01% intraday, ₹15 per options lot) and a discount-style flat ₹20 plan for intraday and F&O with free equity delivery..
Intraday brokerage / ₹1L₹10.00 - #3
Stocko (South Asian Stocks Ltd, formerly SAS Online; being acquired by InCred Money, pending rebrand to InCred Stocko) is a Delhi-based deep-discount broker offering a Lite per-order plan (lower of % or ₹12.99) across all segments..
Intraday brokerage / ₹1L₹10.00 - #4
Sahi is a discount broker operated by Aaritya Broking Private Limited (SEBI INZ000317632, CDSL IN-DP-780-2024).
Intraday brokerage / ₹1L₹10.00 - #5
Indiabulls Securities (also operating as Dhani Stocks; same SEBI license, same rates) offers a flat ₹11-per-order plan across all segments, plus an Unlimited subscription at ₹500/month for zero brokerage on equity, F&O, and currency..
Intraday brokerage / ₹1L₹11.00 - #6
Alice Blue is a SEBI-registered discount broker (founded 2006, Erode).
Intraday brokerage / ₹1L₹15.00 - #7
TradeSmart (operated by TradeSmartFintech Securities Ltd, formerly VNS Finance, founded 1994) is a SEBI-registered discount broker offering a percentage-based Value Plan and a flat ₹15 Power Plan across all segments..
Intraday brokerage / ₹1L₹15.00 - #8
ProStocks (Sunlight Broking LLP) is a flat-fee discount broker offering brokerage-free equity delivery, ₹15 flat per order on intraday/F&O, and unlimited monthly/yearly subscription plans starting at ₹899/month.
Intraday brokerage / ₹1L₹15.00 - #9
First-time and casual investors who want one clean app for stocks, mutual funds and FDs.
Intraday brokerage / ₹1L₹20.00 - #10
Self-directed traders and investors who prefer flat-fee pricing and rich tooling over advisory hand-holding.
Intraday brokerage / ₹1L₹20.00
Compute the all-in landed cost for your actual trade size on the brokerage calculator. Open the brokerage calculator.
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Frequently asked
What people ask about cheapest broker in india.
For intraday trading the cheapest brokers consistently come from the flat-fee discount cohort — Zerodha, Dhan, Upstox, Groww, Angel One — all at ₹20 or below per executed order. The exact #1 varies by trade size; the calculator on each page shows the exact number.
Cost and safety are independent. Every broker on this list is SEBI-registered and an NSE / BSE member, with demat at CDSL or NSDL. Safety differences across SEBI-registered brokers are minimal; pick by fit and cost.
Almost, but check the statutory charges and DP charges too. Statutory charges (STT, exchange transaction, SEBI fee, stamp duty, GST) are largely standardised across brokers. DP charges differ a little (₹10–₹20 per sell-side scrip per day). The all-in landed cost is what matters.