Lowest Brokerage Charges for Intraday Trading in India 2026: Zerodha, Dhan, Angel One, Upstox and Univest Compared
- October 7, 2026
- Posted by: Chaitanya Auti
- Category: Market
Most discount brokers charge Rs 20 per intraday or F&O order. Univest: Rs 0 with broking subscription plan. Taxes and exchange fees extra. Prices as of 7 Oct 2026.
Quick Answer
The lowest brokerage charges for intraday trading in India are now Rs 20 per executed order or a small percentage of trade value, whichever is lower, at most discount brokers, and some brokers offer Rs 0 brokerage through a monthly broking subscription. For F&O, most discount brokers charge a flat Rs 20 per executed order. For active traders placing hundreds of orders a month, a subscription plan can cost less than per-order brokerage. Statutory charges such as STT, exchange fees, stamp duty and GST apply on top at every broker.
Finding the lowest brokerage charges for intraday trading in India matters most for active traders, because brokerage is charged on every executed order. A trader placing 20 orders a day at Rs 20 each pays Rs 400 a day, or about Rs 8,000 over 20 trading days, before GST and statutory charges. That is the cost that falls to zero on a well-priced subscription plan.
This comparison of the lowest brokerage charges uses each broker’s own pricing page as of 7 October 2026.
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Brokerage Charges Comparison: Intraday, F&O and Delivery
| Broker | Equity intraday | F&O options | Equity delivery | Demat AMC (individual) |
|---|---|---|---|---|
| Univest | Rs 0 with broking subscription plan, else Rs 20 per order | Rs 0 with broking subscription plan, else Rs 20 per order | Rs 0 with broking subscription plan, else Rs 20 or 0.1%, whichever is lower | Flat Rs 35 (terms on pricing page); none on BSDA up to Rs 10 lakh |
| Zerodha | Rs 20 or 0.03%, whichever is lower | Rs 20 per order | Rs 0 | Non-BSDA Rs 300 + GST a year |
| Dhan | Rs 20 or 0.03%, whichever is lower | Rs 20 per order | Rs 0 | Rs 0 |
| Angel One | Rs 20 or 0.1%, whichever is lower, min Rs 5 | Rs 20 per order | Rs 20 or 0.1%, whichever is lower, min Rs 5 | First year free; non-BSDA Rs 60 + GST a quarter |
| Upstox | Rs 20 or 0.1%, whichever is lower | Rs 20 per order | Rs 20 per order | First year free; non-BSDA Rs 300 + GST a year |
Angel One also offers Rs 0 brokerage up to Rs 500 for the first 30 days. All figures exclude STT, exchange transaction charges, SEBI fees, stamp duty and GST.
Lowest Brokerage Charges for F&O: What Actually Differs
For options, the lowest brokerage charges sit at the same Rs 20 per executed order at every discount broker in the table. The real differences are elsewhere: subscription plans that remove brokerage altogether, the platform’s speed and order types, and charges such as auto square-off fees and call-and-trade fees.
For futures, Zerodha charges Rs 20 or 0.03% whichever is lower and Upstox Rs 20 or 0.05% whichever is lower, which helps small-size futures traders.
Per-Order Brokerage vs Zero Brokerage Subscription: Which Is Cheaper?
A subscription plan gives the lowest brokerage charges once your monthly per-order brokerage exceeds the plan fee. Work it out with your own numbers:
- Count your average executed orders per month (each buy and each sell is one order).
- Multiply by Rs 20 to get your monthly per-order brokerage.
- Add 18% GST on brokerage.
- Compare the total with the monthly subscription fee plus GST.
At 400 orders a month, per-order brokerage is Rs 8,000 plus Rs 1,440 GST. Any subscription priced below that saves money; at 20 orders a month, per-order pricing usually wins.
Charges That Apply at Every Broker
Even the lowest brokerage charges are only one line on the contract note. Every broker passes on Securities Transaction Tax, exchange transaction charges, SEBI turnover fees, stamp duty and 18% GST on brokerage and exchange charges. On delivery sales, a DP charge applies per scrip. These do not change by broker, so compare the lowest brokerage charges, AMC and extra fees only.
How to Pick the Broker With the Lowest Total Cost
- Trade frequency: heavy intraday or options traders get the lowest brokerage charges from subscription plans.
- Trade size: small intraday trades benefit from percentage caps such as 0.03%.
- Holding style: long-term investors should prioritise zero delivery brokerage and low AMC.
- Extra fees: check auto square-off and call-and-trade charges if you rely on them.
- Research: if you pay separately for research, a broker that bundles it can lower the total.
Univest Broking: Zero Brokerage With Research in One App
Univest is a SEBI-registered stock broker (INZ000317437), research analyst (INH000013776) and investment adviser (INA000017639). Its broking subscription plans offer the lowest brokerage charges possible per order, bringing intraday, delivery and F&O brokerage to Rs 0, and account opening is free with Aadhaar-based e-KYC.
Because research and broking sit in the same app, Univest Pro calls can be placed as orders directly. New users can try the advisory with a Rs 1 trial.
Check the Univest Screener for live data
Download the Univest iOS App or Univest Android App to open a free demat account and trade with zero brokerage plans.
Conclusion
The lowest brokerage charges for intraday trading in India now cluster at Rs 20 per order or less, with Rs 20 flat for options at most discount brokers. For active traders, a zero brokerage subscription can cut costs further once monthly orders run into the hundreds. Compare total cost beyond the lowest brokerage charges, including AMC and extra fees, and recheck each broker’s pricing page before you switch.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Lowest Brokerage Charges
Which broker has the lowest brokerage charges for intraday trading in India?
Ans. Most discount brokers charge Rs 20 per order or a small percentage, whichever is lower, for intraday trades. Brokers with subscription plans, such as Univest, can bring intraday brokerage to Rs 0 for subscribers.
What are the lowest brokerage charges for F&O?
Ans. Discount brokers typically charge a flat Rs 20 per executed options order. Subscription-based plans can reduce F&O brokerage to Rs 0.
Is zero brokerage really free?
Ans. Zero brokerage removes the broker’s per-order fee, but STT, exchange charges, SEBI fees, stamp duty and GST still apply, and subscription plans carry their own fee.
How is intraday brokerage calculated?
Ans. Brokerage is charged per executed order, so a buy and a sell count as two orders. Percentage-based brokerage applies to the trade value of each order, up to the flat cap.
What is AMC in a demat account?
Ans. AMC is the annual maintenance charge for keeping a demat account. Many brokers waive it for Basic Services Demat Accounts with lower holdings.
What are Univest’s brokerage charges?
Ans. Univest lists Rs 0 brokerage on intraday, delivery and F&O with its broking subscription plans; otherwise Rs 20 per order for intraday and F&O, and Rs 20 or 0.1% whichever is lower for delivery.