Brokerage Comparison in India (2026): Compare Charges & Save More on Trading
Brokerage charges may look small, but they can significantly impact your overall profits — especially if you trade frequently. Choosing the right broker with the lowest and most transparent brokerage structure can help you save thousands every year. In this detailed guide, we compare the brokerage charges of top stock brokers in India, helping you find the most cost-effective platform for trading and investing.
What is Brokerage?
Brokerage is the fee charged by a stock broker when you buy or sell shares, derivatives, or other securities.
It can be charged in two ways:
Flat Fee (Discount Brokers) → ₹20 per trade
Percentage-Based (Full-Service Brokers) → 0.1% – 0.5%
👉 Lower brokerage = higher net profit.
Top Brokers Brokerage Comparison (2026)
Here’s a quick comparison of brokerage charges across leading brokers in India:
Brokerage Charges Table
| Broker | Equity Delivery | Intraday | F&O | AMC |
|---|---|---|---|---|
| Groww | ₹20 or 0.1% | ₹20 | ₹20 | ₹0 |
| Zerodha | ₹0 | ₹20 or 0.03% | ₹20 | ₹300 |
| Angel One | ₹0–₹20 | ₹20 | ₹20 | ₹240–₹500 |
| Upstox | ₹20 | ₹20 | ₹20 | ₹150–₹300 |
| 5Paisa | ₹20 | ₹20 | ₹20 | ₹300 |
👉 Zerodha offers free delivery trading, making it highly cost-effective for long-term investors.
📉 Brokerage Cost Comparison Chart
Zerodha ███████████████████████████ (Lowest)
Groww ███████████████████████
Upstox ███████████████████████
Angel One ███████████████████████
5Paisa ███████████████████████
👉 Zerodha stands out as the lowest-cost broker overall.
Detailed Brokerage Breakdown
Understanding charges by segment is important.
Segment-wise Brokerage
| Segment | Typical Charges |
|---|---|
| Equity Delivery | ₹0 – ₹20 |
| Intraday | ₹20 or 0.03% |
| Futures | ₹20 per order |
| Options | ₹20 per order |
| Commodity | ₹20 per order |
👉 Most discount brokers follow a flat ₹20 model.
Real Cost Example (Practical Comparison)
Let’s compare actual brokerage for a ₹1,00,000 trade:
Delivery Trade Example
| Broker | Charges |
|---|---|
| Zerodha | ₹0 |
| Groww | ₹20 |
| Upstox | ₹20 |
| Angel One | ₹0–₹20 |
👉 Over 100 trades, you can save:
Zerodha → ₹2000+
Others → ₹2000+ cost
Intraday Trade Example
| Broker | Charges |
|---|---|
| All Discount Brokers | ₹20 |
👉 Intraday charges are almost identical across brokers.
Savings Comparison Graph
Zerodha ███████████████████████
Groww ███████████████
Upstox ███████████████
Angel One ███████████████
👉 Zerodha offers maximum savings over time.
Discount vs Full-Service Brokerage
Comparison Table
| Feature | Discount Broker | Full-Service Broker |
|---|---|---|
| Brokerage | Low (₹20) | High (0.1%–0.5%) |
| Advisory | ❌ | ✔️ |
| Platform | Modern | Traditional |
| Support | Limited | Dedicated RM |
👉 Choose based on your needs:
Low cost → Discount broker
Guidance → Full-service broker
Cost vs Service Analysis
↑
| Full-Service Broker
| ███████████████
| ███████
| █████
| Discount Broker
|████
|________________________→ Cost
Low High
👉 More service = higher cost.
Hidden Charges You Should Know
Apart from brokerage, consider these:
| Charge Type | Amount |
|---|---|
| STT/CTT | Govt tax |
| Exchange Charges | Minimal |
| GST | 18% |
| DP Charges | ₹13–₹25 |
| Call & Trade | ₹20–₹50 |
👉 Always check total cost, not just brokerage.
Which Broker is Cheapest?
Based on Use Case
| Use Case | Best Broker |
|---|---|
| Long-Term Investment | Zerodha |
| Beginners | Groww |
| Intraday Trading | Upstox |
| Advisory | Angel One |
👉 No single broker is best for everyone.
Broker Ranking by Cost
1. Zerodha
2. Groww
3. Upstox
4. Angel One
5. 5Paisa
How to Choose the Right Broker Based on Brokerage?
Consider these factors:
✔️ Trading Frequency
Frequent trading → Lowest brokerage
✔️ Investment Style
Long-term → Zero delivery charges
✔️ Additional Costs
Check AMC and hidden fees
✔️ Platform Quality
Fast and reliable execution
Business News
- All Posts
- Broker Review
Cost Impact on Profit
Low Brokerage ███████████████████
High Brokerage ███████████
👉 Lower brokerage increases net profit significantly.
Conclusion
Brokerage comparison is essential before choosing a stock broker.
Zerodha → Best for lowest cost
Groww → Best for beginners
Upstox → Best for traders
Angel One → Best for advisory
👉 Always compare total charges, not just brokerage to maximize your returns.
❓ FAQs
1. Which broker has the lowest brokerage in India?
Zerodha offers zero delivery brokerage, making it the cheapest.
2. What is the standard brokerage charge?
Most discount brokers charge ₹20 per trade.
3. Is brokerage the only cost?
No, there are additional charges like GST, STT, and DP charges.
4. Can brokerage be reduced?
Yes, by choosing discount brokers.
Disclaimer
The information provided on this page is for educational and informational purposes only and should not be considered as financial or investment advice. topsharebroker.com does not recommend or promote any specific broker.
Brokerage charges, fees, and features mentioned are based on publicly available data and market research as of 2026. These may change over time without prior notice. Users are advised to verify the latest charges directly from official broker websites before making decisions.
Stock market investments are subject to market risks, and trading involves the possibility of financial loss. Always assess your financial goals and risk tolerance before investing.
topsharebroker.com will not be held responsible for any losses or decisions made based on this content.
