● All 24 brokers · Ranked by total cost · Free

All-Broker Comparison Calculator

Enter one trade and instantly see all 24 Indian brokers ranked cheapest to most expensive — exact brokerage, STT, GST, SEBI and DP charges included.

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Which is the cheapest broker in India?

For equity intraday and F&O trading, discount brokers like Zerodha, Dhan, Upstox and Shoonya consistently rank among the cheapest — all charging flat ₹15–₹20 per order. For equity delivery, brokers like Zerodha, Dhan, Bajaj Broking and TradeSmart charge zero brokerage, making them significantly cheaper than full-service brokers.

The comparison above changes based on your trade size. For very small trades (under ₹5,000 turnover), percentage-based brokers may be cheaper than flat-fee ₹20 brokers. Use the calculator above with your actual trade parameters to see the true ranking for your specific situation.

Why do all brokers show the same STT and exchange charges?
STT, exchange transaction charges, SEBI fees and stamp duty are statutory levies set by the Government and SEBI — they are identical across all brokers for the same trade. Only the brokerage component (and where applicable, the DP charge rate) differs between brokers. This is why the difference in total charges between the cheapest and most expensive broker is purely the brokerage and DP charge components.
Is a cheaper broker always the right choice?
Not necessarily. Platform reliability, execution speed, charting tools, customer support, and research quality all matter beyond brokerage. Full-service brokers like HDFC Securities and ICICI Direct cost more but bundle research, advisory and banking integration. Discount brokers like Zerodha, Dhan and Upstox suit self-directed traders who want low costs and good platforms. Use brokerage as one factor, not the only factor.

Terms, regulatory notes & disclosures

This calculator is built for educational and estimation purposes, referencing publicly available SEBI, NSE, BSE and MCX circulars along with each broker's published rate card. Actual charges on your contract note may vary.

01Securities Transaction Tax (STT)

STT is levied by the Government of India under the Securities Transaction Tax Act, 2004, and collected by the exchange on every executed trade. Equity delivery attracts 0.1% on both buy and sell legs; equity intraday attracts 0.025% on the sell leg only. Futures attract 0.05% on the sell-side turnover and options attract 0.15% on the sell-side premium, per the rates effective 1 April 2026 (Union Budget 2026-27). STT is non-refundable and applies irrespective of profit or loss.

02Exchange transaction charges

NSE and BSE levy transaction charges on turnover to fund exchange operations and infrastructure, as specified in their respective circulars. These charges differ by segment (equity, futures, options) and are charged to the broker, who passes them through to the client. Rates are revised periodically by the exchange and published on nseindia.com and bseindia.com.

03SEBI turnover fees

Under SEBI (Regulation of Fees) regulations, a turnover fee of ₹10 per crore (0.0001%) is charged on the total transaction value to fund SEBI's regulatory functions. This is a flat statutory levy uniformly applied across all brokers and segments.

04Stamp duty

Stamp duty on securities transactions is levied under the Indian Stamp Act, 1899, as amended by the Finance Act, 2019, and is charged uniformly pan-India on the buy-side consideration, collected by the depository/exchange. Rates: 0.015% for equity delivery, 0.003% for intraday and options premium, and 0.002% for futures.

05GST

Goods and Services Tax at 18% is levied on brokerage and on exchange transaction & SEBI charges (the "taxable services" component), under the CGST/SGST or IGST Act depending on the client's registered state. GST is not applicable on STT, stamp duty, or the SEBI turnover fee itself, as these are statutory levies, not services.

06DP (Depository Participant) charges

When you sell shares held in your demat account, your Depository Participant (broker) levies a DP charge (typically ₹13–₹25 + GST per scrip, per day), payable to CDSL/NSDL for debiting securities from your demat account. This is separate from brokerage and applies only on delivery sells, not on intraday or F&O trades.

Disclaimer: Figures shown by this calculator are estimates based on publicly published broker rate cards and SEBI/exchange circulars believed accurate as of June 2026. Brokerage plans, STT, exchange transaction charges, SEBI fees and stamp duty rates are subject to change by the respective broker, exchange, SEBI or the Government of India without notice. Accelpix is an NSE-authorized data vendor and does not act as a stockbroker, investment adviser, or research analyst. Nothing on this page constitutes investment advice, a recommendation to trade with any particular broker, or a guarantee of charges that will appear on your contract note. Always verify exact charges with your broker's official rate card and your daily contract note before making trading decisions. Trading in equity, derivatives and commodities involves risk of financial loss.