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Best Brokers by Lowest Brokerage and Transaction Charges


Best Brokers by Lowest Brokerage and Transaction Charges 2022

Before we discuss the lowest brokerage charges in India, we will divide this in two categories - Traders and Investors.

Investors have long term goal. They invest and wait for long term to get benefit. Traders have short term goal, they invest money for a day and book profit in short term. Investor do 2 to 5 trades per month, where traders play with market movement and do 10 to 20+ trades per day.

For a Investor (Delivery only trades or IPO investors), you just need a broker who is providing best service and low brokerage charges. Transaction charges in delivery trades are standard across the brokers.

For a trader (Perform trades in Intraday, F&O, Currency Derivatives, and Commodity), they need to worry about brokerage + transaction charges, best trading platform, high margin and availability of a trading application.

When choosing the right broker for "lowest brokerage charges", which makes the most difference is the trading expense. The other important factor is the transaction charges which not every broker is charging the same amount. It is usually charged on a per crore basis. The rate of transaction charges differs by the exchange and the trading segment.

For this review, we didn't only focus on cheapest brokerage/lowest brokerage charges/low brokerage charges firms in the Industry but also trying to compare them in terms of low transaction charges which also make a difference in your final profit or loss.

Here we come with "Best Brokers by Lowest Brokerage Charges in India" or "Top 5 Stock Brokers by Low Brokerage Trading Account in India":

Best Brokers by Lowest Brokerage and Transaction Charges 2022

Broker Brokerage Transaction charges Brokerage
(Maximum per order)
Review Request Callback
ProStocksEquity Delivery:Free
Equity Intraday:Flat Fee Rs 15
Futures:Flat Fee Rs 15
Options:Flat Fee Rs 15
Equity Delivery:Rs 325 Per Cr
Equity Intraday:Rs 325 Per Cr
Futures:Rs 190 Per Cr
Options:Rs 5000 Per Cr
Rs 15ProStocks ReviewOpen Account
ZerodhaEquity Delivery:Free
Equity Intraday:0.03% or Rs 20 whichever is lower
Futures:0.03% or Rs 20 whichever is lower
Options:Flat Fee Rs 20
Equity Delivery:Rs 325 Per Cr
Equity Intraday:Rs 325 Per Cr
Futures:Rs 190 Per Cr
Options:Rs 5000 Per Cr
Rs 20Zerodha ReviewOpen Account
UpstoxEquity Delivery:2.5% or Rs 20 whichever is lower
Equity Intraday:0.05% or Rs 20 whichever is lower
Futures:0.05% or Rs 20 whichever is lower
Options:Flat Fee Rs 20
Equity Delivery:Rs 325 Per Cr
Equity Intraday:Rs 325 Per Cr
Futures:Rs 210 Per Cr
Options:Rs 5500 Per Cr
Rs 20Upstox ReviewOpen Account
5paisaEquity Delivery:Flat Fee Rs 20
Equity Intraday:Flat Fee Rs 20
Futures:Flat Fee Rs 20
Options:Flat Fee Rs 20
Equity Delivery:Rs 325 Per Cr
Equity Intraday:Rs 325 Per Cr
Futures:Rs 190 Per Cr
Options:Rs 5000 Per Cr
Rs 205paisa ReviewOpen Account
FyersEquity Delivery:Free
Equity Intraday:0.03% or Rs 20 whichever is lower
Futures:0.03% or Rs 20 whichever is lower
Options:Flat Rs 20 per order
Equity Delivery:Rs 325 Per Cr
Equity Intraday:Rs 325 Per Cr
Futures:Rs 240 Per Cr
Options:Rs 5900 Per Cr
Rs 20Fyers ReviewOpen Account
SAMCOEquity Delivery:0.2% or Rs 20 whichever is lower
Equity Intraday:0.02% or Rs 20 whichever is lower
Futures:0.02% or Rs 20 whichever is lower
Options:Flat Fee Rs 20
Equity Delivery:Rs 325 Per Cr
Equity Intraday:Rs 325 Per Cr
Futures:Rs 210 Per Cr
Options:Rs 5300 Per Cr
Rs 20SAMCO ReviewOpen Account
Paytm MoneyEquity Delivery:Free
Equity Intraday:0.05% or Rs 10 whichever is lower
Futures:0.02% or Rs 10 whichever is lower
Options:Flat Fee Rs 10
Equity Delivery:Rs 325 Per Cr
Equity Intraday:Rs 325 Per Cr
Futures:Rs 200 Per Cr
Options:Rs 5300 Per Cr
Rs 10Paytm Money ReviewOpen Account
Angel BrokingEquity Delivery:Free
Equity Intraday:0.25% or Rs 20 whichever is lower
Futures:0.25% or Rs 20 whichever is lower
Options:0.25% or Rs 20 whichever is lower
Equity Delivery:Rs 325 Per Cr
Equity Intraday:Rs 325 Per Cr
Futures:Rs 190 Per Cr
Options:Rs 5000 Per Cr
Rs 20Angel Broking ReviewOpen Account
IIFL SecuritiesEquity Delivery:Flat Fee Rs 20
Equity Intraday:Flat Fee Rs 20
Futures:Flat Fee Rs 20
Options:Flat Fee Rs 20
Equity Delivery:Rs 325 Per Cr
Equity Intraday:Rs 325 Per Cr
Futures:Rs 190 Per Cr
Options:Rs 5000 Per Cr
Rs 20IIFL Securities ReviewOpen Account
EdelweissEquity Delivery:Flat Rs. 10 per executed order
Equity Intraday:Flat Rs. 10 per executed order
Futures:Flat Rs. 10 per executed order
Options:Flat Rs. 10 per executed order
Equity Delivery:Rs 325 Per Cr
Equity Intraday:Rs 325 Per Cr
Futures:Rs 190 Per Cr
Options:Rs 5000 Per Cr
Rs 10Edelweiss ReviewOpen Account

Best Brokers by Lowest Brokerage and Transaction Charges - Final Verdict

Based on the above analysis Prostocks is the best broker for lowest brokerage and transaction charges for all the segments. For delivery and Intraday trading, you just need to consider the brokerage. Brokers like Zerodha, Prostocks, Fyers, Paytm Money and Angel Broking are offering Free Delivery trades. For Option trader, Prostocks, 5paisa, Angel Broking and Edelweiss are charging lowest Transaction charges. Prostocks also offers unlimited monthly plan for Active traders @899 PM.

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