Are you on the web looking for the Best Low Brokerage Charges Demat Accounts? If yes then you are at the right spot in this article we gonna share some of the best Lowest Brokerage Charges Demat Accounts in India 2024.
Everyone likes discounts whether it’s about shopping or about travelling. Brokerage is just like delivery charges that you pay whenever you order something online. Even though everyone likes free delivery they mostly ignore it when it comes to the Demat accounts many people ignore their brokerage charges and end up paying high Brokerage.
So to ensure that you don’t have to pay any extra brokerage over your trading and investments. So let’s find out the Demat Accounts in India 2024 that has the lowest Brokerage.
Best Low Brokerage Demat Accounts in India 2024
| Best Low Brokerage Demat Accounts | Account Opening Charges | AMC |
|---|---|---|
| 1. Upstox | ₹0 | ₹0 |
| 2. INDmoney | ₹0 | ₹0 |
| 3.Zerodha | ₹200 | ₹300+GST |
| 4. mStocks | ₹ 999 For Zero Brokerage Across all segments or ₹0 For Zero Brokerage in Delivery | ₹120 quarterly or Pay a one-time fee of ₹999 to get a lifetime free AMC |
| 5. Angel One | ₹0 | ₹240+GST |
| 6. Motilal Oswal | ₹0 | ₹550 |
| 7. Dhan | ₹0 | ₹0 |
| 8. Finvasia Shoonya | ₹0 | ₹0 |
| 9. Samco | ₹0 | ₹400 |
| 10. Indmoney | ₹0 | ₹0 |
1. Upstox
Uppstox is another popular Discount broker in India. It is backed by Kalaari Capital, Ratan Tata and Tiger Global Management making it one of the most reliable stockbrokers for your investment. With its Upstox Pro Web and Upstox Pro Mobile trading platforms, the Firm offers investment and trading on equities, commodities, currencies, futures, and options.
Upstox switched their AMC plan and opened their account fee to zero Aug 2021. Therefore, if you land on the platform, you will have to pay 0 AMC and 0 Account Opening Fees. Below are the brokerage charges of upstox.
Upstox Brokerage Charges
| Upstox | Brokerage Charges |
|---|---|
| Equity Delivery | ₹20 / Executed Order Or 2.5% (Whichever Is Lower) |
| Equity Intraday | ₹20 / Executed Order Or 0.05% (Whichever Is Lower) |
| F&O – Futures | ₹20 / Executed Order Or 0.05% (Whichever Is Lower) |
| F&O – Options | ₹20 / Executed Order |
| Currency Futures | ₹20 / Executed Order Or 0.05% (Whichever Is Lower) |
| Currency Options | ₹20 / Executed Order |
| Commodity Futures | ₹20 / Executed Order Or 0.05% (Whichever Is Lower) |
| Commodity Options | ₹20 / Executed Order |
Also Read: Paytm Money VS Zerodha
2. INDmoney
As we move on to the list of the best low brokerage Demat accounts in India, we bring you INDMoney. It is well known for its US stock investment features. You can invest or Do SIP in Indian Stocks, & ETFs. The INDmoney app allows you to track and invest in various financial instruments using a convenient, secure, and feature-rich platform. You can track all of your stocks and mutual funds across brokers, banks & finance apps on this platform. In addition, INDmoney has no AMC or account opening fees.
INDmoney Brokerage Charges
| INDmoney | Brokerage Charges |
|---|---|
| Equity Delivery | ₹20 per executed order or 0.5% whichever is lower |
| Equity Intraday | ₹20 per executed order or 0.5% whichever is lower |
| F&O – Futures | ₹20 per executed order |
| F&O – Options | ₹20 per executed order |
| Currency Futures | N/A |
| Currency Options | N/A |
| Commodity Futures | N/A |
| Commodity Options | N/A |
Also Read: Upstox Vs Groww
3. Zerodha
Zerodha is India’s No1 Stock Broking Firm. It was launched way back in 2010. Currently, Zerodha has 63 Lakh+ active customer base and this allows them to capture over 19% market share. For traders and investors, Zerodha is the Best choice for Low Brokerage Demat Accounts in India 2024.
Zerodha allows users to Invest and trade in Equity, Currency, Commodity, IPO, Futures & Options, Bonds, Govt. Securities, and Direct Mutual Funds. Zerodha offers competitive Brokerage pricing across all segments. Additionally, it has features rich clean UI so beginners many can find it difficult to but with time you adapt it easily.
Zerodha Brokerage Charges
| Zerodha | Brokerage Charges |
|---|---|
| Equity Delivery | ₹0 |
| Equity Intraday | ₹20 / Executed Order Or 0.03% (Whichever Is Lower) |
| F&O – Futures | ₹20 / Executed Order Or 0.03% (Whichever Is Lower) |
| F&O – Options | ₹20 / Executed Order |
| Currency Futures | ₹20 / Executed Order Or 0.03% (Whichever Is Lower) |
| Currency Options | ₹20 / Executed Order |
| Commodity Futures | ₹20 / Executed Order Or 0.03% (Whichever Is Lower) |
| Commodity Options | ₹20 / Executed Order |
Also Read: Best Zero Brokerage Demat Account in India
4. mStocks
mStock is another discount brokerage firm owned by Mirae Asset Capital Markets. This Platform was launched in April 2022, making it the newest stock brokerage firm. It is a one-stop solution for all your trading & investment needs across Stocks, ETFs, Mutual Funds, Currency, Futures & Options & IPOs.
You can open an account at mStocks for free to enjoy zero brokerage on delivery as well as a basic discount on other segments of the market. You can pay ₹999 as a time account opening to get Zero brokerage for life across all segments. Additionally, you can Opt for a free lifetime AMC by paying an additional ₹999, or else it will charge ₹120 every quarter as AMC.
mStock Brokerage Charges
| mStock | Brokerage Charges (Plan 1 For 0) | Brokerage Charges (Plan2 For ₹999) |
|---|---|---|
| Equity Delivery | ₹0 | ₹0 |
| Equity Intraday | ₹20 /Trade | ₹0 |
| F&O – Futures | ₹20 /Trade | ₹0 |
| F&O – Options | ₹20 /Trade | ₹0 |
| Currency Futures | ₹20 /Trade | ₹0 |
| Currency Options | ₹20 /Trade | ₹0 |
| Commodity Futures | ₹20 /Trade | ₹0 |
| Commodity Options | ₹20 /Trade | ₹0 |
Also Read: Rapido Referral Code
3. Angel One
Incorporated in 1996, Angel One, previously known as Angel Broking Limited is a Full Service stock Broker. However due to its flat discount brokerage, many considered this as a hybrid broker. The company is a member of the BSE, NSE, MCX and NCDEX.
With this brokerage firm, Users can invest in stock and trade in Equity, Currency, Commodities, IPOs, Futures and options, and Direct Mutual Funds. Angel One doesn’t charge any account opening fee also it offers free AMC for the first year. Angel One also offer Trade calls and target price features.
Angel One Brokerage Charges
| Angel One | Brokerage Charges |
|---|---|
| Equity Delivery | ₹0 |
| Equity Intraday | ₹20 / Executed Order Or 0.25% (Whichever Is Lower) |
| F&O – Futures | ₹20 / Executed Order Or 0.25% (Whichever Is Lower) |
| F&O – Options | ₹20 / Executed Order Or 0.25% (Whichever Is Lower) |
| Currency Futures | ₹20 / Executed Order Or 0.25% (Whichever Is Lower) |
| Currency Options | ₹20 / Executed Order Or 0.25% (Whichever Is Lower) |
| Commodity Futures | ₹20 / Executed Order Or 0.25% (Whichever Is Lower) |
| Commodity Options | ₹20 / Executed Order Or 0.25% (Whichever Is Lower) |
6. Motilal Oswal
Motilal Oswal was set up by Motilal Oswal and Raamdeo Agrawal as a broking house in 1987. With Motilal Oswal, you will get features like in-depth research and reports, advice on portfolio management, and financial planning help.
You can start investing in the Indian as well as the US stock market with this broker. With this application, you only have to pay 0.20% on delivery and a flat fee of 20 per lot for options trading in equity & currency.
Motilal Oswal
| Motilal Oswal | Brokerage Charges |
|---|---|
| Equity Delivery | 0.20% |
| Equity Intraday | 0.02% |
| F&O – Futures | 0.02% |
| F&O – Options | ₹20 /Lot |
| Currency Futures | ₹20 /Lot |
| Currency Options | ₹20 /Lot |
| Commodity Futures | 0.02% |
| Commodity Options | ₹200 /Lot |
7. Dhan
Dhan is the next option for the Best Low Brokerage Demat Accounts in India 2024. This Discount brokerage firm was launched in 2021 and currently, it has over 2.5lakh+ active users. You can Open a free account with zero AMC with Dhan and trade or invest across Equity, ETFs, Commodities, and Currency. Dhan has Zero brokerage For Equity Delivery, ETFs & IPO.
Moreover, it charges 20 or 0.03% per executed order, whichever is lower, on equity intraday & segment futures. Additionally, for all the women participants, Dhan offers a 50% brokerage discount.
Dhan Brokerage Charges
| Dhan | Brokerage Charges |
|---|---|
| Equity Delivery | ₹0 |
| Equity Intraday | ₹20 or 0.03% per executed order whichever is lower |
| F&O – Futures | ₹20 or 0.03% per executed order whichever is lower |
| F&O – Options | ₹20 /Trade |
| Currency Futures | ₹20 or 0.03% per executed order whichever is lower |
| Currency Options | ₹20 /Trade |
| Commodity Futures | ₹20 or 0.03% per executed order whichever is lower |
| Commodity Options | ₹20 /Trade |
8. Finvasia Shoonya
Finvasia’s Shoonya is another option for Low Brokerage Demat Accounts. This discount broker is registered on the NSE, BSE, MCX, and NCDEX. It allows users to invest and trade across Stocks, Futures and options, Mutual Funds, IPOs, Equities, Derivatives (F&O), Currencies, Commodities, Bonds, and ETFs.
This brokerage firm has Zero AC Opening Charges and Zero AMC. Guess what it also has zero brokerage across all segments. Also, the DP charges of this platform is Rs 9 + GST/scrip, which is lower than other brokers.
Finvasia Shoonya Charges
| Finvasia Shoonya | Brokerage Charges |
|---|---|
| Equity Delivery | ₹0 |
| Equity Intraday | ₹0 |
| F&O – Futures | ₹0 |
| F&O – Options | ₹0 |
| Currency Futures | ₹0 |
| Currency Options | ₹0 |
| Commodity Futures | ₹0 |
| Commodity Options | ₹0 |
Also Read: Groww Vs Zerodha Vs Upstox
9. Samco
Samco was founded by Mr. Jimeet Modi in 2105. It is one of India’s leading investment platforms. This brokerage firm allows user to invest and trade in different securities segments such as Equity, Currency, Commodities, Mutual Funds, and IPOs. You can open you account with Samco for free and it gives free AMC for the first year. After that, you have to pay ₹400 yearly as AMC.
Samco Brokerage Charges
| Samco | Brokerage Charges |
|---|---|
| Equity Delivery | ₹20 per executed order or 0.5% whichever is lower |
| Equity Intraday | ₹20 per executed order or 0.05% of gross turnover whichever is lower |
| F&O – Futures | ₹20 per executed order |
| F&O – Options | ₹20 per executed order |
| Currency Futures | ₹20 per executed order or 0.5% whichever is lower |
| Currency Options | ₹20 per executed order or 0.5% whichever is lower |
| Commodity Futures | ₹20 per executed order or 0.5% whichever is lower |
| Commodity Options | – |
10 . Groww
Groww is the Next Best option for the Best Low Brokerage Demat Accounts in India. It’s one of the popular discount stock brokers that has ₹0 AMC and account opening charges. On top of that, it also has extremely low brokerage on equity delivery, intraday and F&O. You can also invest in mutual funds using a single app. Also with Groww Web, you can invest in US stocks.
Since Groww isn’t Registered on MCX and NCDEX you can’t trade in Commodities and Currency segments. The User Interface of Groww is extremely beginner-friendly. So for small investors, Groww is the best option to consider.
Groww Brokerage Charges
| Groww | Brokerage Charges |
|---|---|
| Equity Delivery | ₹20 / Executed Order Or 0.05% (Whichever Is Lower) |
| Equity Intraday | ₹20 / Executed Order Or 0.25% (Whichever Is Lower) |
| F&O – Futures | ₹20 / Executed Order |
| F&O – Options | ₹20 / Executed Order |
| Currency Futures | N/A |
| Currency Options | N/A |
| Commodity Futures | N/A |
| Commodity Options | N/A |
Also Read: Zerodha vs Upstox
FAQs: Best Low Brokerage Demat Accounts in India
Zerodha, Groww, Upsox, Shoonya, and Dhan has the lowest brokerage though Upstox has High brokerage interms Equity Delivery. Furthermore, if you can pay one time of 999 then you can enjoy Zero brokerage on stock across all segments
Groww, Upstox, INDmoney, Finvasia Shoonya and Dhan are the best and Free Demat accounts for a lifetime.
Zerodha is India’s No 1 Demat account.
Upstox, Groww and INDmoney are the best Demat Accounts is Best for Beginners.
Angel One, Motilal Oswal and Kotak Securities are some of the best Full-Service brokers with low Brokerage.
Zerodha If want to invest a large amount or else you can consider Groww’s long-term investment.
Upstox is one the best trading platforms for beginners since it has low brokerage in the F&O, Currency and commodities segment. Apart from this it also has Zero AMC.
