Lowest Brokerage Accounts in India
Shoonya by Finvasia
Truly zero brokerage on all trades. Popular among active algo traders.
Zerodha
Zero brokerage on equity delivery. ₹20 flat for F&O and intraday.
Upstox
₹20 flat per order across all segments.
Angel One
₹0 on equity delivery, flat rate on other segments.
Hidden Costs to Watch For
- STT (Securities Transaction Tax) — mandatory on all trades
- Exchange transaction charges
- DP charges for demat account debits
- GST on brokerage
- SEBI turnover fees
Total Cost of Trading
Even with zero-commission brokers, total transaction costs (STT, exchange charges, GST) typically add up to 0.05-0.1% per side. Factor this into your backtesting.