The lowest brokerage charge is the minimum brokerage amount that traders need to pay when the total brokerage calculation is less than the amount set. If the calculated brokerage is lower than the minimum brokerage defined by the stock broker, the lowest brokerage charges are incurred.
There are set guidelines from SEBI (security and exchange board of India) for India’s highest/ lowest brokerage charges for traders who trade on the Indian stock exchange. The maximum brokerage any stockbroker can apply is 2.5%, and no stockbroker can surpass the set percentage. There are no limitations stockbrokers can charge for the lowest brokerage charges according to their preferences.
Top 5 companies charging the lowest brokerage charges in India:-
1. ICICI Direct
2. Kotak Securities
3. HDFC Securities
4. Motilal Oswal