Compare 5paisa and Upstox to find the best discount broker in India. Analyze brokerage fees, account charges, trading platforms, features, and more to choose the right broker for your needs.
About 5paisa
5paisa.com is a leading online discount broker in India, offering brokerage services across equities, commodities, and currency segments on BSE, NSE, and MCX. Promoted by the founders of IIFL and publicly traded, 5paisa has over 1.2 million clients as of March 2021. It charges a flat brokerage of Rs 20 per executed order, regardless of trade size, segment, or exchange.
About Upstox
Upstox is a technology-driven discount brokerage firm backed by investors like Kalaari Capital, Ratan Tata, and GVK Davix. It provides trading opportunities in equities, commodities, currency, futures, and options through its advanced trading platforms—Upstox Pro Web and Upstox Pro Mobile. It offers low-cost trading with advanced tools for analysis and charting.
5paisa Vs Upstox: Overview
| Feature | 5paisa | Upstox |
|---|---|---|
| Type of Broker | Discount Broker | Discount Broker |
| Exchange Membership | NSE, BSE | BSE, NSE, MCX |
| Year of Incorporation | 1996 | 2012 |
| Number of Branches | 1 | 4 |
5paisa Vs Upstox: Charges & AMC
| Charges | 5paisa | Upstox |
|---|---|---|
| Trading Account Opening | Rs 0 (Free) | Rs 0 (Free) |
| Trading Account AMC | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account Opening | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account AMC | Rs 300 | Rs 150 |
5paisa Vs Upstox: Brokerage Fees
| Segment | 5paisa | Upstox |
|---|---|---|
| Equity Delivery | Rs 20 per executed order | Rs 20 per order or 2.5% (whichever is lower) |
| Equity Intraday | Rs 20 per executed order | Rs 20 per order or 0.05% (whichever is lower) |
| Equity Futures | Rs 20 per executed order | Rs 20 per order or 0.05% (whichever is lower) |
| Equity Options | Rs 20 per executed order | Rs 20 per order |
| Currency Futures | Rs 20 per executed order | Rs 20 per order or 0.05% (whichever is lower) |
| Currency Options | Rs 20 per executed order | Rs 20 per order |
| Commodity Futures | Rs 20 per executed order | Rs 20 per order or 0.05% (whichever is lower) |
| Commodity Options | Rs 20 per executed order | Rs 20 per order |
5paisa Vs Upstox: Leverage (Margin)
| Segment | 5paisa | Upstox |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Intraday | Up to 5x | Up to 5x |
| F&O (Equity, Currency, Commodity) | 1x | 1x |
5paisa Vs Upstox: Features
| Feature | 5paisa | Upstox |
|---|---|---|
| 3-in-1 Account | No | No |
| Charting | Yes | Yes |
| Automated Trading | No | Yes |
| SMS Alerts | Yes | No |
| Online Portfolio | Yes | No |
| Margin Trading Funding | Yes | Yes |
| Margin Against Shares (Equity Cash) | Yes | No |
| Trading Platform | 5paisa Trade Station | Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, Algola |
5paisa Vs Upstox: Investment Options
| Investment Type | 5paisa | Upstox |
|---|---|---|
| Stock/Equity | Yes | Yes |
| Commodity | Yes | Yes |
| Currency | Yes | Yes |
| IPO | Yes | Yes |
| Mutual Funds | Yes | No |
| Bonds/NCDs | Yes | No |
| Debt | Yes | No |
5paisa Vs Upstox: Pros & Cons
5paisa Pros:
- Flat Rs 20 brokerage per trade.
- Free trading software (mobile app & trading terminal).
- Zero brokerage on mutual funds.
- Online IPO, bonds, and NCD investments available.
5paisa Cons:
- High call & trade charges (Rs 100 per call).
- Limited research and advisory services.
- No unlimited trading plans.
- No 3-in-1 account.
Upstox Pros:
- Backed by renowned investors.
- Advanced trading platforms with automated trading.
- Flat Rs 20 brokerage per trade.
- Margin Trading Facility (MTF) available.
Upstox Cons:
- Higher demat transaction charges (Rs 18.5 per ISIN).
- No mutual fund investment option.
- Call-and-trade fee of Rs 20 per executed order.
- No digital gold investment.
Final Thoughts
Both 5paisa and Upstox are strong contenders in the discount broking space. 5paisa is ideal for mutual fund investors and those looking for an all-in-one investment platform, while Upstox is better suited for active traders who require advanced trading tools and automation.