In the last few years, India’s stock trading ecosystem has witnessed a massive transformation. The rise of zero commission stock brokers has disrupted the traditional brokerage model, making investing in the stock market more accessible and affordable for retail investors.
Whether you’re a beginner or an experienced trader, choosing the best zero brokerage stock broker in India can significantly impact your investment journey. This article will help you identify the top discount brokers that charge zero brokerage on equity delivery, their features, charges, and how to pick the one that suits your trading style.
📈 What is a Zero Commission Stock Broker?
A zero commission or zero brokerage broker is a stockbroker that does not charge any brokerage fee for certain types of trades—usually equity delivery trades. These brokers make money through other services such as intraday trading, margin funding, subscription plans, and partnerships.
Unlike full-service brokers who charge a percentage of the trade value, zero commission brokers allow investors to buy and hold shares at no cost, thus maximizing returns in the long term.
🥇 Top Zero Brokerage Stock Brokers in India (2025)
Here’s a comparison of the best zero commission stock brokers in India based on features, brokerage charges, and user-friendliness.
📊 Comparison Table: Zero Brokerage Brokers (2025)
| Broker | Equity Delivery | Intraday Charges | AMC | Account Opening | Key Feature |
|---|---|---|---|---|---|
| Zerodha | ₹0 | ₹20/trade | ₹300/year | ₹200 | Most trusted, excellent platform |
| Groww | ₹0 | ₹20/trade | ₹0 | ₹0 | Simple UI, great for beginners |
| Upstox | ₹0 | ₹20/trade | ₹0 (limited) | ₹0 | Backed by Ratan Tata, fast execution |
| Paytm Money | ₹0 | ₹10/trade | ₹0 | ₹0 | Cheapest intraday broker |
| Dhan | ₹0 | ₹20/trade | ₹0 | ₹0 | Modern features, alerts & tools |
| m.Stock | ₹0 (lifetime) | ₹0 (with plan) | ₹0 (lifetime) | ₹999 (one-time) | Truly zero brokerage with flat fee |
| Fyers | ₹0 | ₹20/trade | ₹0 | ₹0 | Great for technical traders |
Note: Rates may change over time. Always verify on the broker’s official website before opening an account.
✅ Benefits of Choosing Zero Brokerage Brokers
Zero commission stock brokers offer multiple advantages for long-term and retail investors:
1. Cost Efficiency
No charges on delivery trades = better profit margins for investors.
2. Beginner Friendly
Low or no account opening fees make it easy to get started with minimal investment.
3. Online, Paperless Account Opening
Fast and fully digital onboarding process through Aadhaar-based KYC.
4. Modern Trading Platforms
User-friendly interfaces, mobile apps, trading APIs, and powerful charting tools.
5. Transparency
Flat fees make charges predictable, unlike percentage-based full-service brokers.
🔍 Detailed Review: Best Zero Commission Brokers
Let’s take a closer look at each broker to help you decide.
🔵 1. Zerodha – India’s #1 Stock Broker
- Equity Delivery: ₹0
- Intraday: ₹20 or 0.03% (whichever is lower)
- Account Opening: ₹200
- AMC: ₹300/year
Why Choose?
Zerodha is the pioneer of discount broking in India and commands the highest trust among investors. Its platform Kite is fast, reliable, and loaded with features.
Best For: Experienced investors, long-term holders, and intraday traders.
🟢 2. Groww – Simplest Trading App
- Equity Delivery: ₹0
- Intraday: ₹20/trade
- Account Opening: Free
- AMC: Free
Why Choose?
Groww started as a mutual fund platform and later expanded into stock broking. Its clean app interface and simplicity make it perfect for first-time investors.
Best For: Beginners, passive investors.
🔴 3. Upstox – Powerful & Fast
- Equity Delivery: ₹0
- Intraday: ₹20/trade
- Account Opening: Free (limited-time offers)
- AMC: ₹0 or ₹150/year
Why Choose?
Backed by Ratan Tata, Upstox offers one of the fastest trading experiences. The platform provides high-speed order execution, charts, and educational content.
Best For: Intermediate traders and mobile users.
🟡 4. Paytm Money – Lowest Intraday Fees
- Equity Delivery: ₹0
- Intraday: ₹10/trade
- Account Opening: Free
- AMC: Free
Why Choose?
Paytm Money is the cheapest intraday broker among top names, making it ideal for frequent traders. The integration with Paytm Wallet adds convenience.
Best For: Cost-sensitive traders and daily intraday players.
🟠 5. m.Stock by Mirae Asset – Truly Zero Brokerage
- Equity Delivery: ₹0
- Intraday: ₹0 (with one-time plan)
- Account Opening: ₹999 one-time
- AMC: Lifetime free
Why Choose?
m.Stock offers truly zero brokerage on all segments (including intraday) for life with a one-time fee. Ideal for high-volume traders who want to cut all trading costs.
Best For: Active traders and long-term investors seeking lifetime zero brokerage.
🟣 6. Dhan – Built for Modern Traders
- Equity Delivery: ₹0
- Intraday: ₹20/trade
- Account Opening: Free
- AMC: Free
Why Choose?
Dhan is a new-age broker that offers detailed charting tools, custom alerts, basket orders, and trading via TradingView integration.
Best For: Technical traders, F&O investors.
🟤 7. Fyers – Great for Chartists
- Equity Delivery: ₹0
- Intraday: ₹20/trade
- Account Opening: Free
- AMC: Free
Why Choose?
Fyers is known for its advanced charting tools and seamless desktop + mobile trading experience. Great for price action and technical analysis lovers.
Best For: Swing traders and analysis-focused investors.
🧾 How to Choose the Right Zero Commission Broker?
Here are some key factors to consider before choosing your broker:
| Feature | What to Look For |
|---|---|
| Brokerage Structure | Flat fee vs subscription vs lifetime zero |
| Platform Performance | Speed, reliability, mobile app |
| Charting Tools | Advanced indicators, integrations |
| Customer Support | Responsive and multilingual |
| Account Charges | Opening + AMC + hidden fees |
| Additional Services | IPOs, mutual funds, F&O, research |
📉 Hidden Costs You Should Know
Even with zero brokerage brokers, there are other regulatory charges you’ll still pay:
- STT (Securities Transaction Tax)
- Exchange Transaction Charges
- SEBI Turnover Fees
- Stamp Duty
- GST on brokerage
These are fixed government charges and apply regardless of the broker you choose.
🧠 Expert Tips for Zero Brokerage Trading
- Use free equity delivery for long-term investment.
- Don’t overtrade intraday just because fees are low.
- Choose brokers offering free tools and data to avoid third-party costs.
- Watch out for margin funding fees and delayed payments.
📝 Summary: Best Zero Brokerage Broker for You
| User Type | Best Broker Suggestion | Why? |
|---|---|---|
| Beginners | Groww, Upstox | Simple UI, no AMC |
| Long-term Investors | Zerodha, m.Stock | Delivery trades at ₹0 |
| Intraday Traders | Paytm Money, Dhan | Cheapest fees, modern tools |
| Advanced Traders | Fyers, Dhan | TradingView, basket orders |
| Lifetime Users | m.Stock | ₹0 brokerage across all segments |
🔚 Final Thoughts
The rise of zero commission brokers in India is a boon for retail investors. Whether you’re building a long-term equity portfolio or actively trading in the markets, the right broker can help you save thousands in brokerage fees.
Evaluate your trading style, compare platforms, and open an account with the broker that offers zero brokerage without compromising on quality.
📌 FAQs – Zero Commission Brokers in India
✅ Is zero brokerage really zero?
Yes, for equity delivery trades. However, government and exchange charges still apply.
✅ Which is the best zero brokerage broker in India?
Zerodha, Groww, and m.Stock are among the top in 2025.
✅ Can I switch brokers easily?
Yes, using CDSL EASIEST or by closing your old demat account and transferring holdings.
✅ Are zero brokerage brokers safe?
All SEBI-registered brokers are regulated and must follow strict compliance rules. Always choose reputed names.