The maximum rate of brokerage varies depending on regulatory guidelines and the type of brokerage firm. In India, the Securities and Exchange Board of India (SEBI) has set a maximum brokerage limit of 2.5% of the transaction value for equity delivery trades, while for intraday trades it is capped at 0.25%. However, most brokers charge lower rates, especially for online trading accounts. It’s essential to compare different brokers and their fee structures to ensure you are getting competitive rates that suit your trading activities. m.Stock stands out here, as it offers you the option of a Zero Brokerage Demat Account for a minor one-time additional fee.