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
Flattrade charges ₹0.00 intraday brokerage on a ₹1L trade and nothing on equity delivery (Zero Brokerage plan).
Intraday brokerage / ₹1L₹0.00 - #2
Shoonya charges ₹5.00 intraday brokerage on a ₹1L trade and nothing on equity delivery (Flat ₹5 plan).
Intraday brokerage / ₹1L₹5.00 - #3
Stocko charges ₹9.00 intraday brokerage on a ₹1L trade (Lite (Per Trade) plan).
Intraday brokerage / ₹1L₹9.00 - #4
Kotak Securities charges ₹10.00 intraday brokerage on a ₹1L trade (Trade Free Plan).
Intraday brokerage / ₹1L₹10.00 - #5
Sahi charges ₹10.00 intraday brokerage on a ₹1L trade (Flat ₹10 plan).
Intraday brokerage / ₹1L₹10.00 - #6
m.Stock charges ₹10.00 intraday brokerage on a ₹1L trade (Flat ₹10 plan).
Intraday brokerage / ₹1L₹10.00 - #7
Aditya Birla Money charges ₹10.00 intraday brokerage on a ₹1L trade (Standard plan).
Intraday brokerage / ₹1L₹10.00 - #8
Monarch Networth Capital charges ₹10.00 intraday brokerage on a ₹1L trade (Standard (Percentage) plan).
Intraday brokerage / ₹1L₹10.00 - #9
Indiabulls Securities charges ₹11.00 intraday brokerage on a ₹1L trade (₹11 cap plan).
Intraday brokerage / ₹1L₹11.00 - #10
ProStocks charges ₹15.00 intraday brokerage on a ₹1L trade and nothing on equity delivery (Flat ₹15 plan).
Intraday brokerage / ₹1L₹15.00
Cheapest broker in India — charges compared
| Broker | Account opening | Demat AMC | Delivery | Intraday | Options | Intraday / ₹1L |
|---|---|---|---|---|---|---|
| Flattrade | ₹200 + GST one-time trading account opening charge (no separate demat opening fee) | ₹0 (DP AMC nil) | Free | Free | Free | ₹0.00 |
| Shoonya | ₹0 | ₹0 for individuals (₹900 a year for corporate, trust and LLP accounts) | Free | ₹5 / 0.03% | Flat ₹5 | ₹5.00 |
| Stocko | Trading account Rs. 200; demat account opening NIL | Rs. 200 + 18% GST per annum from 2nd year (1st year free) | ₹9 / 0.1% | ₹9 / 0.01% | Flat ₹9 | ₹9.00 |
| Kotak Securities | ₹0 on the default Trade Free plan; ₹99 on Trade Free Youth (under 30) | ₹50/month when holdings exceed ₹1,000 on the default Trade Free plan (up to ₹600/yr); ₹0 on Trade Free Youth | 0.2% | ₹10 / 0.05% | Flat ₹10 | ₹10.00 |
| Sahi | Free (zero account opening charge) | Zero (no demat AMC) | ₹10 / 0.05% (min ₹10) | ₹10 / 0.05% (min ₹10) | Flat ₹10 | ₹10.00 |
| m.Stock | Rs 0 (no account opening charge) | Rs 0 with the one-time Rs 999 lifetime-free-AMC plan; otherwise a standard demat AMC applies | Flat ₹10 | Flat ₹10 | Flat ₹10 | ₹10.00 |
| Aditya Birla Money | Trading account opening Rs 750; demat account opening Nil (per Chittorgarh) | Rs 436 per year (per Chittorgarh) | 0.1% | 0.01% | Flat ₹20/lot | ₹10.00 |
| Monarch Networth Capital | — | Rs 350 per year (first 6 months free) | 0.15% | 0.01% | Flat ₹15/lot | ₹10.00 |
| Indiabulls Securities | Zero (free account opening) | ₹25 + GST per month (₹300 + GST per year) | ₹11 / 2.5% | ₹11 / 2.5% | ₹11 / 2.5% | ₹11.00 |
| ProStocks | Rs 0 (free for both trading and demat account) | Rs 0 (zero AMC) with Rs 1,000 one-time refundable deposit | Free | Flat ₹15 | Flat ₹15 | ₹15.00 |
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.
The cheapest brokerages in India are the flat-fee discount brokers — Zerodha, Dhan, Upstox, Groww and Angel One — which charge ₹20 or less per executed order on intraday and F&O, and several (Zerodha, Dhan, m.Stock, Paytm Money) charge ₹0 brokerage on equity delivery. The single cheapest depends on what you trade: this page ranks brokers by intraday brokerage on a ₹1,00,000 trade, and the calculator on each broker page computes the exact all-in cost — brokerage plus STT, GST, stamp duty, exchange, SEBI and DP charges — for your trade size.
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.