If you’re an active intraday trader in India, keeping brokerage costs low is key to maximizing your profits. While zero brokerage used to be the buzzword a few years ago, 2025 has seen a shift towards a new sweet spot: flat ₹5 per order brokerage. Whether you’re trading in equity or F&O, several brokers have started offering ultra-low-cost plans that make a big difference, especially for high-frequency traders. In this post, we’re looking at two brokers currently offering ₹5/order plans – Shoonya (formerly Finvasia) and m.Stock by Mirae Asset.
Shoonya (formerly Finvasia): Zero Commission Pioneer Turned ₹5 Specialist
Shoonya was once famous for being among the first to offer true zero-brokerage trading. As of 2025, they’ve pivoted slightly, now offering intraday trading at ₹5 per order across equity and F&O segments. The good news? There are no hidden charges, and you still get a clean, tech-driven experience. Shoonya remains one of the most cost-effective platforms, especially for volume traders, thanks to its no-clearing fee policy and access to multiple exchange segments. If you’re looking for a simple, flat pricing model without any subscription fees or complicated tiered plans, Shoonya continues to be a solid pick.
Shoonya’s web app stands out with one of the cleanest interfaces and impressively low latency on its bid-ask order book. This makes a big difference for traders who rely on quick entries and exits during high-volatility moves.
m.Stock by Mirae Asset: Full-Service Broker with Flat ₹5 Pricing
m.Stock entered the scene with a bang, and they’ve continued to turn heads with their aggressive pricing. Their ₹5 per order brokerage for intraday equity and F&O trades is one of the most competitive in the industry right now. Backed by Mirae Asset, m.Stock offers a stable, full-featured trading platform with strong research tools and customer support. For traders who want a balance of low brokerage and quality service, m.Stock hits that sweet spot. They also offer lifetime free account options, which is a bonus if you’re planning to stick around for the long haul.