Top 5 Lowest Brokerage Charges in India for 2024 (2024)

Top 5 Lowest Brokerage Charges in India for 2024 (1)

  • Report this article

Mohit Sharma Top 5 Lowest Brokerage Charges in India for 2024 (2)

Mohit Sharma

Stock Advisor at (BestStockAdvisory.com)

Published Jan 23, 2024

+ Follow

Examples of brokers with Lowest brokerage charges in India include Zerodha, Angel One & Kotak Securities . These platforms often appeal to traders and investors seeking cost-effective options with transparent fee structures, providing a variety of financial instruments at competitive rates.

Stock Broker -Stock broker is a licensed financial professional or firm that facilitates the buying and selling of stocks (shares of ownership in companies) on behalf of investors. They act as intermediaries, connecting buyers and sellers in the stock market. Investors open accounts with stockbrokers to trade stocks, and the broker executes the trades on the stock exchange.

Stockbrokers may also provide investment advice, research, and other financial services to help clients make informed decisions about their investments.

Recommended by LinkedIn

Demystifying Brokerage Charges: A Comprehensive Guide… Deepak singh 3 days ago
Best Demat Account With Lowest Brokerage in India Praneet Thakur 4 months ago
HDFC Securities IPO Planify India 4 years ago

In the fast-paced world of stock trading, keeping brokerage charges low is a top priority for savvy investors. As we step into 2024, the landscape of brokerage services has evolved, and we're here to guide you through the platforms offering the lowest brokerage charges. Let's delve into the details of popular brokers like Zerodha, Angel One, Nuvama, Kotak Securities, and m.Stock.

Here are the top 5 lowest stock brokers in India with their charges for 2024.

  1. Zerodha: Zerodha has been a trailblazer in the realm of low-cost trading. With a flat fee structure and no percentage-based charges, Zerodha offers a transparent and cost-effective solution for both beginners and seasoned traders. The user-friendly interface ensures a smooth experience, making it a top choice for those seeking the lowest brokerage charges.
  2. Angel One: Angel One is another player in the market that stands out for its competitive brokerage charges. With a focus on technological innovation, Angel One provides a seamless trading experience. The brokerage plans cater to different trading styles, ensuring investors can choose a plan that aligns with their needs while keeping costs at a minimum.
  3. Nuvama: Nuvama has gained traction for its commitment to offering low brokerage charges without compromising on service quality. Investors appreciate the simplicity of their fee structure and the absence of hidden costs. Nuvama's dedication to providing a user-friendly platform makes it an attractive option for those looking to minimise trading expenses.
  4. Kotak Securities: Kotak Securities is a well-established name in the financial industry, and it continues to be a preferred choice for investors seeking a balance between service quality and low brokerage charges. With a range of plans catering to different needs, Kotak Securities ensures that investors can access the market without breaking the bank.
  5. m.Stock: m.Stock is making waves with its commitment to offering one of the lowest brokerage charges in the market. The platform's user-friendly design, coupled with competitive pricing, has made it an attractive choice for those who prioritise cost-effective trading.

In conclusion, the key to successful trading lies in choosing a platform that not only provides the lowest brokerage charges but also aligns with your specific needs and preferences. As you explore these brokerage options, keep in mind that the best stock advisory in India can further enhance your trading journey. Choose wisely, stay informed, and let your investments thrive in 2024!

If you're keen on investing in the Indian stock market and want to find the lowest brokerage, this linked article is perfect for you.⬆️ It covers the cheapest brokerage fees, explains how charges are calculated across market segments, emphasizes the importance of lower fees, and offers tips for selecting the best brokers. The article also includes a comparison of the lowest brokerage charges for Demat accounts in India, providing valuable insights for easier decision-making. ⬇️ ⬇️

Tags: Stock Broker | Cheap Stock brokers | Discount Stock Broker | Stock market | Lowest Brokerage Charges | Lowest Stock Broker List

Help improve contributions

Mark contributions as unhelpful if you find them irrelevant or not valuable to the article. This feedback is private to you and won’t be shared publicly.

Contribution hidden for you

This feedback is never shared publicly, we’ll use it to show better contributions to everyone.

To view or add a comment, sign in

More articles by this author

No more previous content

  • Complete Guide on 5 Best Trading apps in India for Regular traders 2024 May 3, 2024
  • MCX Silver Trading | Tips | Strategies With Trusted Advisor Feb 7, 2024
  • MCX Gold Trading Tips for Beginner in 2024 Feb 6, 2024
  • MCX Trading Tips For Beginners in 2024 Feb 1, 2024
  • Bajaj Capital Limited Trusted Stock Advisor in India Jan 20, 2024
  • HMA Trading-India's Number One Stock Advisory Jan 13, 2024
  • Stock Market Tips for Beginners in india Jan 12, 2024
  • Top 14 Upcoming IPOs of 2024 Jan 11, 2024
  • Stocks Recommendations: Best Stock to Buy Today for Potential Profits Jan 10, 2024
  • List of Top 10 Trusted Trading app in india Jan 9, 2024

No more next content

See all

Sign in

Stay updated on your professional world

Sign in

By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy.

New to LinkedIn? Join now

Insights from the community

  • Working with Brokers What are the key factors that influence the demand and supply of brokers in different markets?
  • Investment Banking What are the key factors for successful securities distribution campaigns?
  • Working with Brokers How do you get lower broker fees and commissions?
  • Technical Analysis What is liquidation risk and how can you monitor it in your trading strategy?
  • Investment Banking How can you ensure your securities issue pricing is competitive?
  • Investment Banking How can you help your clients create a diversified securities portfolio?
  • Cash Management What are the common types of cash flow hedges and how do they work?

Others also viewed

  • HDFC Securities IPO Planify India 4y
  • The disturbances in the NSE again:HDFC Securities stopped trading in cash, exchange said everything right Ideal Stock 3y
  • WHY US??? (PROFIT MART SECURITIES PVT. LTD.).. MUKESH GUPTA 4y
  • Pioneering Growth: Forex Brokerage Strategies for 2024 Vision Forex Forum 2mo
  • Lowest brokerage charges on mstock charges Deepak singh 1mo
  • Who Is A Sub Broker? - How To Become A Sub Broker? Alice Blue 1mo
  • HDFC Securities Vs Angel Broking; 9M FY24 Results Altius Investech (Pre IPO | Unlisted Equity) 4mo
  • What should the trader know about the broker to avoid losing a deposit Edwin Gentner 7y
  • binary options, how does it work? Martin Yohaness 9y
  • best demat account in india Digital Wala Ladka ® 5mo

Explore topics

  • Sales
  • Marketing
  • Business Administration
  • HR Management
  • Content Management
  • Engineering
  • Soft Skills
  • See All
Top 5 Lowest Brokerage Charges in India for 2024 (2024)

FAQs

Which brokerage has the lowest fees in India? ›

Examples of brokers with Lowest brokerage charges in India include Zerodha, Angel One & Kotak Securities . These platforms often appeal to traders and investors seeking cost-effective options with transparent fee structures, providing a variety of financial instruments at competitive rates.

What are the brokerage charges for 2024? ›

Zerodha Transaction Charges 2024
SegmentTransaction Fee
Equity FuturesNSE Rs 190 per Cr (0.0019%) | BSE Rs 0
Equity OptionsNSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium)
Currency FuturesNSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)
4 more rows

Which discount brokerage is best in India? ›

Best Overall - Zerodha

Zerodha, a top discount broker, excels in trading and demat account services. Positive reviews, a user-friendly interface, affordable fees, diverse investment options, and useful features like technical indicators and advanced charting tools make it the best choice overall.

Which broker is No 1 in India? ›

1. HDFC Sky: HDFC Sky, offered by HDFC Securities, has established itself as one of the premier stock brokers in India. With HDFC Sky, investors can easily open a demat account and gain access to a wide range of investment opportunities in the share market.

Which broker zero charge in India? ›

Brokers like Zerodha, Upstox, Fyers, ProStocks and Indiabulls offer brokerage free investment in the India stock market. The customer doesn't pay any commission while trading in the equity delivery segment.

How do I avoid brokerage fees? ›

Reduction of Brokerage Fees to Zero

Investors can reduce account maintenance fees by comparing brokers, their provided services, and their fees. Buying no-load mutual funds or fee-free investments can help avoid per-trade fees.

Who has the best brokerage fees? ›

NerdWallet's Best Discount Brokers of July 2024
  • Robinhood.
  • Charles Schwab.
  • E*TRADE.
  • Public.
  • Fidelity.
  • J.P. Morgan Self-Directed Investing.
  • Webull.
  • Interactive Brokers IBKR Lite.
Jun 19, 2024

What is a normal brokerage fee? ›

Usually, in India, the brokerage fee ranges between 0.01% to 0.5% of the total value of the transaction. For instance, if the amount of share is worth ₹10,000, and the brokerage fee is 0.1%, then the total fee charged would be Rs. 10.

Which broker is better than Zerodha? ›

Upstox is better than Zerodha only in terms of account opening fees and annual maintenance fees. A beginner investor can open a free account with no annual maintenance fees. Zerodha, on the other hand, appeals to active investors and traders with its free equity delivery and lower brokerage charges.

Which is the safest broker in India? ›

Stock Brokers
  • Groww (3.1) Full Details. Discount Broker. ...
  • Zerodha (3.8) Full Details. Discount Broker. ...
  • Angel One (3.2) Full Details. Full Service Broker. ...
  • Upstox (3.4) Full Details. ...
  • ICICI Direct (3) Full Details. ...
  • HDFC Securities (3.1) Full Details. ...
  • Kotak Securities (3.1) Full Details. ...
  • Motilal Oswal (3.8) Full Details.

Which is India's No. 1 Demat account? ›

Zerodha Demat Account – Zerodha is the top Demat account and trading service provider in India today.

Which broker has the lowest charges? ›

Lowest Brokerage Charges for Online Trading in India
Low Brokerage Trading AccountTrading Account Opening ChargesBrokerage charges in MCX Commodity
Wisdom CapitalFree₹9/Executed Order or 999/Month
Zerodha₹ 200₹ 20/per executed order
Upstox₹ 200₹ 20/per executed order
SAMCOZero₹ 20/per executed order

How much brokerage does Zerodha charge? ›

Zerodha follows a fixed brokerage model wherein it charges a flat Rs 20 or 0.03% (whichever is lower) per executed order. It charges zero brokerage on equity delivery. The maximum brokerage chargeable per order is Rs 20.

Which demat is the cheapest? ›

Brokerage Charges and Hidden Charges
Demat Account ProvidersAccount Opening ChargesBrokerage Charges
Upstox Demat Account₹0₹20 per executed order
5Paisa Demat Account₹0₹20 per executed order
Groww Demat Account₹0₹20 or 0.05% which is lower
Axis Direct Demat Account₹0₹20 per executed order
16 more rows

What brokerage firm has the lowest fees? ›

NerdWallet's Best Discount Brokers of July 2024
  • Robinhood.
  • Charles Schwab.
  • Interactive Brokers IBKR Lite.
  • Webull.
  • J.P. Morgan Self-Directed Investing.
  • E*TRADE.
  • SoFi Active Investing.
  • Public.
5 days ago

Is Zerodha really brokerage free? ›

Open an instant account with Zerodha and start trading today. Zerodha offers truly brokerage free equity delivery trading and Mutual Fund investment. But it charges flat Rs 20 or 0.03% (whichever is lower) per executed order brokerage fee for trading in Intraday and F&O across Equity, Currency and Commodity segments.

What is the cheapest trading brokerage? ›

Cheapest Brokers
  • FinPros. ...
  • Pocket Option. ...
  • Admiral Markets. ...
  • Fusion Markets. ...
  • Eightcap. ...
  • ThinkMarkets. ...
  • Trading212. Trading 212 is a European and UK-regulated CFD broker that also offers stock investing and ISAs. ...
  • Oanda. OANDA is an award-winning global broker, established in 1996.

References

Top Articles
Latest Posts
Article information

Author: Allyn Kozey

Last Updated:

Views: 6158

Rating: 4.2 / 5 (63 voted)

Reviews: 86% of readers found this page helpful

Author information

Name: Allyn Kozey

Birthday: 1993-12-21

Address: Suite 454 40343 Larson Union, Port Melia, TX 16164

Phone: +2456904400762

Job: Investor Administrator

Hobby: Sketching, Puzzles, Pet, Mountaineering, Skydiving, Dowsing, Sports

Introduction: My name is Allyn Kozey, I am a outstanding, colorful, adventurous, encouraging, zealous, tender, helpful person who loves writing and wants to share my knowledge and understanding with you.