Independent. No broker pays us, and every number comes from a published source.

Leaderboards

Indian Stock Broker Leaderboards (2026): Cheapest & Fastest, Ranked

Who is actually cheapest for the way you trade? We ran a full trading year through every broker's rate card and ranked the results.

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

Intraday traders

Full leaderboard

An active intraday trader placing 5 round trips a day, about ₹1 lakh per order.

Rank Broker Yearly cost
1 Shoonya (Finvasia) ₹56,868/yr
=2 Kotak Neo (Kotak Securities) ₹71,028/yr
=2 Sahi ₹71,028/yr
=4 5paisa ₹99,348/yr
=4 Alice Blue ₹99,348/yr

Options traders

Full leaderboard

An options buyer doing 3 round trips a day with a premium of ₹100 on 75 units.

Rank Broker Yearly cost
1 Shoonya (Finvasia) ₹21,823.2/yr
=2 Kotak Neo (Kotak Securities) ₹30,319.2/yr
=2 Sahi ₹30,319.2/yr
=4 5paisa ₹47,311.2/yr
=4 Alice Blue ₹47,311.2/yr

Futures traders

Full leaderboard

A futures trader doing 2 round trips a day on an index future worth about ₹18 lakh per order.

Rank Broker Yearly cost
1 Shoonya (Finvasia) ₹4,94,860.8/yr
=2 Kotak Neo (Kotak Securities) ₹5,00,524.8/yr
=2 Sahi ₹5,00,524.8/yr
=4 5paisa ₹5,11,852.8/yr
=4 Alice Blue ₹5,11,852.8/yr

Long-term investors

Full leaderboard

A buy-and-hold investor making 2 delivery round trips a month, ₹50,000 per order.

Rank Broker Yearly cost
=1 Arrow ₹3,162.72/yr
=1 Dhan ₹3,162.72/yr
=1 Pocketful ₹3,162.72/yr
=1 Shoonya (Finvasia) ₹3,162.72/yr
=1 Zerodha ₹3,162.72/yr

Beginners (small orders)

Full leaderboard

A new investor buying and selling ₹5,000 of shares once a month.

Rank Broker Yearly cost
=1 Arrow ₹320.64/yr
=1 Dhan ₹320.64/yr
=1 Pocketful ₹320.64/yr
=1 Shoonya (Finvasia) ₹320.64/yr
=1 Zerodha ₹320.64/yr

Swing traders

Full leaderboard

A swing trader holding positions for days, about 100 delivery round trips a year at ₹1 lakh each.

Rank Broker Yearly cost
=1 Arrow ₹24,093/yr
=1 Dhan ₹24,093/yr
=1 Pocketful ₹24,093/yr
=1 Shoonya (Finvasia) ₹24,093/yr
=1 Zerodha ₹24,093/yr

High-volume traders

Full leaderboard

A heavy trader mixing intraday (10/day), options (10/day) and futures (2/day).

Rank Broker Yearly cost
1 Shoonya (Finvasia) ₹7,65,609.6/yr
=2 Kotak Neo (Kotak Securities) ₹8,27,913.6/yr
=2 Sahi ₹8,27,913.6/yr
=4 5paisa ₹9,52,521.6/yr
=4 Alice Blue ₹9,52,521.6/yr

Fastest published execution

Full speed ranking
Rank Broker Reported speed
1 Arrow self-reported 95% < 2.9 ms · 99% < 4 ms
2 Sahi self-reported P95 < 6.61 ms · mean ≈ 5.9 ms
3 Fyers self-reported p99 < 7 ms (processing, self-reported)
4 Dhan self-reported 95% < 25 ms (DEXT, self-reported)
=5 Groww self-reported < 50 ms (self-reported)

Self-reported and third-party speed figures use different methods. Read the full ranking before comparing.

Frequently asked questions

How are these broker leaderboards ranked?

Cost leaderboards compute a full year of trading for a typical profile using each broker’s published rate card plus statutory charges, then sort cheapest first. The speed leaderboard sorts published execution-speed figures. Nothing is hand-ranked.

How often are the leaderboards updated?

They are rebuilt whenever the underlying broker data is re-verified against official pricing pages. The review date is shown at the top of each page.

Which leaderboard should I look at?

Pick the profile closest to how you trade: intraday, options, futures, swing, long-term investing, small beginner orders or high-volume trading. For your exact numbers, use the compare-all brokerage calculator.

Do brokers pay to be ranked here?

No. Indian Broker Test accepts no broker sponsorship, affiliate or referral fees. Rankings come only from published data.