Lowest Brokerage Charges Apps for Online Trading in India

In the dynamic world of trading, every investor wishes to earn a profit from the small movement in stock prices. For this, they have to execute numerous trades in a single trading session and will have to pay brokerage on each trade. This brokerage can significantly reduce the profit of an investor. Therefore, choosing a broker who offers the lowest brokerage can be a solution to this problem.

In today’s blog post, we will give you an overview of the lowest charges demat apps, along with the benefits of the lowest brokerage trading app.

What are Brokerage Charges?

Brokerage charges are fees charged by the broker for providing the facility of executing trades, such as buying and selling of securities like shares, ETFs, etc. The lower the brokerage, the higher it will be, the greater the net profit. This is charged either based on trade value or as a fixed percentage.

Lowest Brokerage Trading Apps in India

1. Pocketful
2. Shoonya by Finvasia
3. Upstox
4. Zerodha
5. 5paisa
6. Angel One
7. Fyers
8. Alice Blue
9. Paytm Money
10. m.Stock

Trading Platform	Intraday Brokerage	Delivery Brokerage	F&O Brokerage	Options Brokerage	Reference Link
Pocketful	0.03% or 20 INR per  executed order	0 INR	₹20 or 0.03% per executed order, whichever is lower	₹20 per executed order	https://www.pocketful.in/pricing
Shoonya	0.03% or 5 INR per executed order	0 INR	0.03% or Rs. 5.00 whichever is low on per executed order	Flat ₹5 plus GST on per executed order in all Options	https://shoonya.com/pricing
Upstox	20 INR per executed order or 0.1% whichever is lower.	20 INR per executed order.	₹20 per executed order or 0.1% (whichever is lower)	₹20 per executed order or 0.05% (whichever is lower)	https://upstox.com/brokerage-charges/
Zerodha	0.03% or 20 INR per executed order	0 INR	0.03% or Rs. 20/executed order whichever is lower	Flat Rs. 20 per executed order	https://zerodha.com/charges/#tab-equities
5paisa	20 INR per executed order	20 INR per executed order	20 INR per executed order	20 INR per executed order	https://www.5paisa.com/brokerage-charges
Angel One	0.03% or 20 INR per executed order	20 INR per executed order or 0.1%	₹0 brokerage upto ₹500 for first 30 days*Then, ₹20 per executed order	₹0 brokerage upto ₹500 for first 30 days*Then, ₹20 per executed order	https://www.angelone.in/exchange-transaction-charges
Fyers	0.03% or 20 INR per executed order	20 INR per executed order or 0.3%	20 INR per executed order or 0.3%	20 INR per executed order	https://fyers.in/charges-list/
Alice Blue	0.05% or 20 INR per executed order	20 INR per executed order or 2.5%	20 INR per executed order	20 INR per executed order	https://aliceblueonline.com/pricing/#pricing-calc
Paytm Money	0.05% or 20 INR per executed order	20 INR per executed order or 2.5%	20 INR per executed order or 0.02%	20 INR per executed order	https://www.paytmmoney.com/stocks/pricing
m.Stock	5 INR per executed order	0 INR	5 INR per executed order	5 INR per executed order	https://www.mstock.com/pricing

Read Also: Best Trading Apps in India

Overview of Top Lowest Brokerage Trading Apps in India

1. Pocketful

Two brothers, Sarvam and Rishabh Goel, founded Pocketful in 2024. It is a subsidiary company of Pace Stock Broking Services Pvt. Ltd. The founders have over thirty years of experience. The company provides a range of services, including stock and commodity broking. In addition to having zero delivery fees, the company offers free account opening and annual maintenance. 

2. Shoonya by Finvasia

Shoonya is the discount broking division of the Finvasia group, which was founded in 2009 by two brothers, Sarvjeet Singh Virk and Tajinder Virk. The group launched the first zero-commission trading platform in 2016. The company offers various services at zero cost, including trading, clearing charges, technology fees, etc.

3. Upstox

Upstox is commonly known as RKSV Securities India Private Limited. It is one of the leading trading platforms in India. It was founded in 2009 by Ravi Kumar, Raghu Kumar and Shrini Vishwanath. The company rebranded itself as Upstox in 2016 to reflect modern technology. During 2019, the company was recognised by CDSL to open 1,00,000 demat accounts in a month. 

4. Zerodha

Leading Indian financial services provider Zerodha has significantly changed the country’s online stock trading and investing platform. In 2010, brothers Nithin and Nikhil Kamath founded Zerodha. In terms of active clientele, it surpassed established companies to emerge as India’s biggest retail stockbroker in 2019. The main sources of income for Zerodha are account maintenance fees, brokerage fees on its paid trades (intraday, F&O), and other services. 

5. 5paisa

Founded in 2016, backed by the IIFL (India Infoline Group), 5paisa Capital Limited is a publicly traded discount broker with headquarters in Mumbai that provides a variety of online financial services, as one of the first flat-fee brokers in India. After becoming split off from its parent company, IIFL, in 2017, 5paisa went public on the BSE and NSE. An important turning point was this demerger, which allowed 5paisa to function as a separate, publicly traded company. As an all-in-one investment platform, it has diversified over the years beyond stock trading to include mutual funds, insurance, digital gold, loans, and robo-advisory.

6. Angel One

Angel One, which used to be called Angel Broking, is one of India’s oldest and most well-known retail stockbroking firms. It was founded in 1996 and is based in Mumbai. Initially, it worked like a regular full-service broker. The company changed its name to Angel One in 2021 to show that it was focused on digital first. It has grown to be one of India’s biggest brokers over the years. The company is listed on the NSE and BSE.

7. Fyers

Fyers discount broking firm was founded in 2015. The company name indicates “Focus Your Energy and Reform the Self”. The company’s headquarters is situated in Bengaluru. The company offers a special discount to the NRI customers. The company offers an advanced trading platform, along with trading tools.

8. Alice Blue

Alice Blue discount broker was founded in 2006 in Tamil Nadu. It offers APIs for automated trading integration with advanced tools like TradingView. It offers zero brokerage for mutual funds and IPOs. It also offers a margin trading facility to its investors so that they can increase their returns.

9. Paytm Money

Paytm Money is a division of One 97 Communication Limited, which was established in 2000. In 2018, the company first introduced its direct mutual fund platform before moving into discount broking which launched in 2020. In 2021, the company started its initial public offering (IPO). The company’s main office is located in Noida.

10. m.Stock

m.Stock is a part of Mirae Asset Capital Market that offers discount broking. This started in 2022. Mirae Asset Capital Market is a part of the South Korean financial company Mirae Asset Financial Group. It offers a lot of different products, like stocks, futures, options, ETFs, and more. 

Benefits of the Lowest Brokerage Trading App

The key benefits of the lowest brokerage trading app are as follows:

1. Higher Profit: Because of lower per-trade brokerage charges, your net realised profit will be higher even if you earn small profits on trades.
2. Frequent Trader: Lower brokerage will be beneficial for traders who trade regularly. Lower brokerage makes frequent trading more feasible.
3. Low Entry Barrier: New investors who want to enter the world of trading can opt for opening a demat account with the broker that offers the lowest brokerage.
4. Transparency: Discount brokers who offer lower brokerage fees generally have a simple brokerage structure, which can help you in predicting expenses on each trade.

Read Also: Highest Rated Trading Apps in India

Conclusion

On a concluding note, brokerage plays an important role for traders. Lowest brokerage charges can increase the overall profit. Traditional brokers generally charge a fixed brokerage based on the total volume of trade. However, the discount broker’s flat fees on every order and the brokerage charges do not depend on the trade volume. However, brokerage should not be the only factor to be taken into account while opening a demat account. Therefore, it is advisable to consult your investment advisor before choosing a broker.

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