Charges
Broker Charges Comparison (2026): Every Indian Broker's Fees Side by Side
Headline brokerage hides a lot. Here is every broker's published fee schedule and, more usefully, what four real trades cost at each one.
Total cost of real trades (brokerage + all taxes)
| Broker | Intraday: ₹1 lakh buy & sell | Delivery: ₹50,000 buy & sell | Options: premium ₹100 × 75 | Futures: ₹24,000 × 75 |
|---|---|---|---|---|
| 5paisa | ₹82.97 | ₹178.98 | ₹66.43 | ₹1,067.15 |
| Alice Blue | ₹82.97 | ₹178.98 | ₹66.43 | ₹1,067.15 |
| Angel One | ₹82.97 | ₹178.98 | ₹66.43 | ₹1,067.15 |
| Arrow | ₹82.97 | ₹131.78 | ₹66.43 | ₹1,067.15 |
| Dhan | ₹82.97 | ₹131.78 | ₹66.43 | ₹1,067.15 |
| Fyers | ₹82.97 | ₹178.98 | ₹66.43 | ₹1,067.15 |
| Groww | ₹82.97 | ₹178.98 | ₹66.43 | ₹1,067.15 |
| ICICI Direct | ₹104.55 | ₹491.09 | Not modelled | ₹2,253.16 |
| IIFL Securities | ₹95.06 | ₹441.53 | Not modelled | ₹2,083.06 |
| Kotak Neo (Kotak Securities) | ₹59.37 | ₹379.58 | ₹42.83 | ₹1,043.55 |
| Paytm Money | ₹82.97 | ₹178.98 | ₹66.43 | ₹1,067.15 |
| Pocketful | ₹82.97 | ₹131.78 | ₹66.43 | ₹1,067.15 |
| Sahi | ₹59.37 | ₹155.38 | ₹42.83 | ₹1,043.55 |
| Shoonya (Finvasia) | ₹47.57 | ₹131.78 | ₹31.03 | ₹1,031.75 |
| Upstox | ₹82.97 | ₹178.98 | ₹66.43 | ₹1,067.15 |
| Zerodha | ₹82.97 | ₹131.78 | ₹66.43 | ₹1,067.15 |
NSE, round trip, illustrative quantities. Want your own numbers? Use the compare-all brokerage calculator.
Published fee schedule
| Broker | Delivery | Intraday | F&O | AMC | Account opening |
|---|---|---|---|---|---|
| 5paisa | ₹20 per order (flat) | ₹20 per order (flat) | ₹20 per order (flat) | ₹25 per month + GST (per official pricing; BSDA conditions apply) | Free (online) |
| Alice Blue | ₹20 or 2.5% per order (whichever is lower) | ₹20 or 0.05% per order (whichever is lower) | ₹20 per order (options); ₹20 or 0.05% per order for futures (whichever is lower) | ₹0 (zero AMC) | Free (online) |
| Angel One | ₹20 or 0.1% per order (whichever is lower), minimum ₹5 | ₹20 or 0.1% per order (whichever is lower), minimum ₹5 | ₹20 per order (flat) | Free first year, then ₹60 + GST per quarter (non-BSDA) | Free (online) |
| Arrow | ₹0 (free) | ₹20 or 0.03% per order (whichever is lower) | ₹20 per order (options); ₹20 or 0.03% per order for futures (whichever is lower) | ₹0 (individual accounts; ₹500/year for non-individual accounts) | ₹0 (free) |
| Dhan | ₹0 (free) | ₹20 or 0.03% per order (whichever is lower) | ₹20 per order (flat) | ₹0 (individuals & HUFs) | Free (online) |
| Fyers | ₹20 or 0.3% per order (whichever is lower) | ₹20 or 0.03% per order (whichever is lower) | ₹20 per order (options); ₹20 or 0.03% per order for futures (whichever is lower) | ₹0 (zero AMC) | Free (₹0 account opening) |
| Groww | ₹20 or 0.1% per order (whichever is lower), minimum ₹5 | ₹20 or 0.1% per order (whichever is lower), minimum ₹5 | ₹20 per order (flat) | ₹0 | Free (online) |
| ICICI Direct | 0.29% per order on the default MoneySaver plan (lower on prepaid Prime plans) | 0.029% per order on MoneySaver; ₹20 per order with an iValue subscription | MoneySaver: futures 0.029%, options ₹49 per lot; ₹20 per order with iValue | ₹700 per year (₹300 for iVALUE subscribers) | ₹0 (free); 3-in-1 account with ICICI Bank |
| IIFL Securities | 0.25% per order (Investor Plan - Online Plus, per official rate card) | 0.025% per order (Investor Plan - Online Plus) | Futures 0.025% per order; options ₹25 per lot (Investor Plan - Online Plus) | Free first year, then ₹250 + GST per year | Free (₹0 online) |
| Kotak Neo (Kotak Securities) | 0.20% per order (Trade Free); 0.10% on Trade Free Pro (₹249/month) | ₹10 or 0.05% per order (whichever is lower) | ₹10 per order (flat) | Not Disclosed | Free (online) |
| Paytm Money | ₹20 per order (accounts opened on or after 25 Aug 2023) | ₹20 per order (flat) | ₹20 per order (flat) | ₹0 demat AMC (per official site) | See official pricing page |
| Pocketful | ₹0 (free; ₹0.01 minimum per order) | ₹20 or 0.03% per order (whichever is lower) | ₹20 per order (flat) | ₹0 | Free (₹0 online) |
| Sahi | ₹10 or 0.05% per order (whichever is lower) | ₹10 or 0.05% per order (whichever is lower) | ₹10 per order (flat) | ₹0 | Free (online) |
| Shoonya (Finvasia) | ₹0 (free equity delivery) | ₹5 or 0.03% per order (whichever is lower) | ₹5 per order (options); ₹5 or 0.03% per order for futures (whichever is lower) | ₹0 (individuals; ₹900 for corporate, trust and LLP accounts) | Free (online) |
| Upstox | ₹20 per order (flat) | ₹20 or 0.1% per order (whichever is lower) | ₹20 per order (options); ₹20 or 0.05% per order for futures (whichever is lower) | ₹0 first year, then ₹300 + GST per year | Free (online) |
| Zerodha | ₹0 (free) | ₹20 or 0.03% per order (whichever is lower) | ₹20 per order (options); ₹20 or 0.03% per order for futures (whichever is lower) | Free first year, then ₹300 + 18% GST per year, billed quarterly (non-BSDA; ₹0 for BSDA holdings under ₹4 lakh) | Free (resident individuals); ₹500 for NRI |
Tip: statutory charges are the same everywhere. Learn exactly what each one is in stock market charges explained.
Frequently asked questions
Which broker has the lowest charges in India?
It depends on what you trade. A zero-brokerage broker wins on headline price, while flat-fee brokers are close behind on intraday and F&O. See the worked-example columns in the table, and the cost leaderboards for each trading style.
Which brokers offer free equity delivery?
At our last review: Zerodha, Dhan, Shoonya (Finvasia), Pocketful, Arrow.
Which brokers charge zero AMC?
Brokers publishing ₹0 AMC at our last review: Groww, Dhan, Fyers, Alice Blue, Paytm Money, Shoonya (Finvasia), Pocketful, Arrow, Sahi. Some others waive it for the first year or for small BSDA accounts.
Are statutory charges different between brokers?
No. STT, exchange transaction charges, SEBI fees, GST and stamp duty are set by the government and exchanges, so they are the same at every broker. Only brokerage and account fees differ.
What hidden charges should I look out for?
Check AMC, DP charges on selling delivery shares, call-and-trade fees, auto square-off fees, payment gateway fees and MTF interest. Read our guide to hidden charges for the full list.
Sources
- Zerodha - official pricing - https://zerodha.com/charges/
- Upstox - official pricing - https://upstox.com/brokerage-charges/
- Groww - official pricing - https://groww.in/pricing
- Angel One - official pricing - https://www.angelone.in/pricing
- Dhan - official pricing - https://dhan.co/pricing/
- Fyers - official pricing - https://fyers.in/pricing/
- ICICI Direct - official pricing - https://www.icicidirect.com/brokerage
- Kotak Neo (Kotak Securities) - official pricing - https://www.kotakneo.com/pricing/
- 5paisa - official pricing - https://www.5paisa.com/pricing
- Alice Blue - official pricing - https://aliceblueonline.com/pricing/
- Paytm Money - official pricing - https://www.paytmmoney.com/stocks/pricing
- Shoonya (Finvasia) - official pricing - https://shoonya.com/pricing
- Pocketful - official pricing - https://www.pocketful.in/pricing
- Arrow - official pricing - https://arrow.trade/pricing
- IIFL Securities - official pricing - https://www.iiflcapital.com/brokerage-charges
- Sahi - official pricing - https://www.sahi.com/pricing