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Best brokers

Best Low-Cost Brokers for Traders in India (2026)

The full low-cost stack: free delivery, zero AMC and a free API.

By the Indian Broker Test editorial desk · Published 8 July 2026 · Data last reviewed 14 November 2026 · Independent

Brokers that qualify

  • Dhan

    Options traders and TradingView users who want modern tooling at flat-fee pricing.

    Delivery: ₹0 (free)
    Intraday: ₹20 or 0.03% per order (whichever is lower)
    AMC: ₹0 (individuals & HUFs)

    ✓ Free delivery✓ Zero AMC✓ Free APITradingViewMCX commodityIPOPublished speed

    Charges · Calculator

  • Pocketful

    Algo-curious traders willing to try a newer platform.

    Delivery: ₹0 (free; ₹0.01 minimum per order)
    Intraday: ₹20 or 0.03% per order (whichever is lower)
    AMC: ₹0

    ✓ Free delivery✓ Zero AMC✓ Free APIMutual fundsIPOPublished speed

    Charges · Calculator

  • Shoonya (Finvasia)

    High-frequency, cost-obsessed traders who accept a smaller platform.

    Delivery: ₹0 (free equity delivery)
    Intraday: ₹5 or 0.03% per order (whichever is lower)
    AMC: ₹0 (individuals; ₹900 for corporate, trust and LLP accounts)

    ✓ Free delivery✓ Zero AMC✓ Free APIMCX commodityMutual fundsPublished speed

    Charges · Calculator

Next step: narrow it down by cost on the cost leaderboards, or see every feature side by side in the feature matrix.

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Frequently asked questions

Which brokers are best for low-cost traders in India?

On published data at our last review, 3 brokers qualify: Dhan, Pocketful, Shoonya (Finvasia). They are listed alphabetically because each meets the same published criteria.

How did you decide which brokers qualify?

A broker qualifies only if its official published data shows: Free delivery + Zero AMC + Free API. We don't accept payment for listings and we don't use opinion scores.

Why is a broker I use not on this list?

Either its published pricing or feature list did not show the required feature at our last review, or the feature depends on a plan or condition. Check the broker’s profile page for the exact wording.

How do I choose between the brokers on this list?

Compare total cost for the way you trade on our cost leaderboards, then use head-to-head comparisons for the two or three that fit best.

Sources

  1. Dhan - official website - https://dhan.co
  2. Pocketful - official website - https://www.pocketful.in
  3. Shoonya (Finvasia) - official website - https://shoonya.com