5Paisa and Upstox are both online brokerage firms that offer trading services for a variety of financial instruments, including stocks, mutual funds, and derivatives.
5Paisa vs Upstox: Comparison Highlights
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“I’ve been using both 5Paisa and Upstox for years, and they’re both excellent platforms. The detailed comparison helped me make the right choice for my trading needs.”
Ebbe Samuel, Trader
Comparison Table:
| Aspect | 5Paisa | Upstox |
|---|---|---|
| Fees | Competitive pricing with various plans | Free Demat & Trading accounts |
| Trading Platforms | Feature-rich online & mobile app | Excellent web & mobile trading platforms |
| Research & Education | Comprehensive resources for informed decisions | Research tools & educational materials |
| Customer Service | Responsive customer support | Efficient support for inquiries/issues |
| Account Opening Charges | Free | Free |
| AMC & Transaction Fees | AMC: ₹300, Transaction Fees: ₹0 | AMC & Transaction Fees: ₹0 |
| Leverage/Exposure | Offers margin trading against shares | Offers margin trading against shares |
5Paisa vs Upstox: Basic Information
- Both founded in Mumbai, India.
- 5Paisa in 2007, Upstox in 2009.
- Both members of NSE & BSE.
- 5Paisa has 10+ branches; Upstox has 4.
AMC, Trading & Demat Account Opening Charges:
- Both offer free account opening.
- 5Paisa charges ₹300 for AMC, while Upstox has ₹0 AMC.
Transaction Charges and Currency Brokerage:
- 5Paisa: 0.00325% of total turnover.
- Upstox: 0.00275% of total turnover.
- Currency brokerage varies; both offer competitive rates.
Additional Charges:
- Minimum Brokerage: 5Paisa ₹10, Upstox ₹20.
- SEBI Turnover Charges: Both ₹0.0002%.
- Stamp Duty Charges vary by state.
- GST: 18% on Brokerage & Transaction Charges.
- STT Charges: 0.0126% of Total Turnover for both.
Equity Exposure/Leverage:
- Both offer leverage options for equity trading.
Offers:
- Stock, Commodity, Currency, IPO, Mutual Funds.
Customer Support:
- 5Paisa: Email, Phone support.
- Upstox: Email, Phone, Branch support.
5Paisa vs Upstox: Overview
Both 5Paisa and Upstox are reputable firms that offer trading services for a variety of financial instruments, but they may differ in terms of fees, trading platforms, research and education resources, and customer service. We will carefully consider these factors and evaluate which broker 5Paisa vs Upstox is the best fit for you based on your specific needs. Some of the parameters we considered when comparing 5Paisa vs Upstox include:
- Fees: We compared the fees charged by both firms for different types of trades and which one offers the most competitive pricing.
- Trading platforms: We test out the trading platforms offered by both firms and consider which one you find more user-friendly and feature-rich.
- Research and education: We compared the research and educational resources offered by both firms and consider which one provides the information and tools you need to make informed investment decisions.
- Customer service: We also considered the reputation of each firm’s customer service and how they handle inquiries or issues that may arise.
For the purpose of making an informed choice, the comparison takes into account more than one hundred different characteristics. To be more specific, we compared the brokerage plans, Plan types, customer service, maintenance fees, annual maintenance charges, trading platforms, ratings, reviews, mobile apps, margin/leverage/exposure, and investment options provided to share brokers in India by 5paisa and Upstox, respectively. This will assist you in coming to a decision and clarifying a few points for you so that you can choose the ideal broker for your particular needs.
Free Demat + Trading account + Extra benefits
A side-by-side comparison of the two popular share brokers in India, 5paisa vs Upstox, is shown below.
About 5 Paisa
5Paisa is an online brokerage firm that offers a range of investment and trading products and services, including equities, derivatives, mutual funds, and IPOs. The firm was founded in 2016 and is headquartered in Thane, India. In addition to its brokerage services, 5Paisa also offers a range of research and educational resources to help traders make informed investment decisions. The firm’s trading platform can be accessed online or via a mobile app, and it offers a variety of tools and features to help traders monitor and manage their investments. 5Paisa is regulated by the Securities and Exchange Board of India (SEBI) and is a member of the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE).
About Upstox
Upstox is an online brokerage firm that offers trading services for a variety of financial instruments, including stocks, derivatives, and mutual funds. The firm was founded in 2010 and is headquartered in Mumbai, India. Upstox offers a range of investment products and services, including a proprietary trading platform that can be accessed online or via a mobile app. In addition to its brokerage services, Upstox also offers research and educational resources to help traders make informed investment decisions. Upstox is regulated by the Securities and Exchange Board of India (SEBI) and is a member of the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE).
Upstox offers
5paisa vs Upstox: Services
Discount brokers, as their name indicates, carry out buy/sell orders at a lesser commission rate than regular brokers. In most cases, they use a flat rate for the brokerage cost. When compared to the fees that must be paid to a full-service broker, investors have the opportunity to realise significant cost savings.
| Overview | 5Paisa | Upstox |
|---|---|---|
| Broker Type | Discount Broker | Discount Broker |
| Type of company | Public | Private |
| Headquarter | Mumbai, India | Mumbai, India |
| Founders | Nirmal Jain & Rajamani Venkataraman | Raghu Kumar, Ravi Kumar & Shrinivas Vishvanath |
| Foundation Year | 2007 | 2009 |
| Supported Exchanges | NSE, BSE | BSE, NSE, MCX |
| Total branches | 10+ | 4 |
5paisa vs Upstox: AMC, Trading & Demat Account Opening Charges
A demat account, which is short for “dematerialization account,” is used for the purpose of keeping assets in their digital form. The securities are put into the account by either the National Securities Depository Limited (NSDL) or the Central Depository Services Limited (CDSL).
Opening an account with a broker may cost anything from zero rupees to two hundred rupees, but both 5Paisa and Upstox charges Rs.0 for account opening.
After you have created a Demat account, you will be required to make various payments, including account maintenance fees, broker commission, goods and services tax, and sales and use tax. The fee that a discount broker often charges is twenty rupees for each deal that is done, and the AMC, which stands for annual maintenance costs, are close to three hundred rupees. Here Upstox leads the race by charging ₹0 annual maintenance charge.
As was mentioned earlier, the CDSL and NSDL are both depositories that are registered by the Indian government to hold securities such as stocks, commodities, bonds, and ETFs in electronic form or copies. Different brokers use either the CDSL or the NSDL as their preferred type of depository to store their clients’ assets. CDSL is used by both 5Paisa and Upstox.
| Charges | Upstox | 5Paisa |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹0 (Free) | ₹300/- |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
| Open FREE Upstox account | Open Free 5Paisa account |
Upstox Vs 5Paisa: Brokerage charges & Plans
An investor is required to pay additional fees in addition to the AMC fees in order to make use of the various services provided by the broker.
Equity delivery charges: This simply implies that you keep the securities in your Demat Account for a set length of time and then sell them at the appropriate moment to earn a profit on your investment. Because there is a lot of competition for brokers in this sector, most of them provide equity delivery for no cost; nevertheless, some of them charge as much as Rs. 20 for every purchase that is actually carried out. 5Paisa charges Rs 20 per executed order and Upstox charges Rs 20 per executed order or 2.5% whichever is low for equity delivery.
Equity Intraday: As its name suggests, equity intraday refers to the act of purchasing and selling stocks or shares throughout the course of a single trading day. 5paisa charges a flat fee of Rs. 20 and Upstox charge Rs. 20 or 0.05% whichever is lower
Have a look at Futures and options charges for 5Paisa vs Upstox:
| Account Type | 5paisa Standard Plan | Upstox Default |
|---|---|---|
| Equity Delivery | Rs 20 per executed order | Rs 20 per executed order or 2.5% whichever is low |
| Equity Intraday | Rs 20 per executed order | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Futures | Rs 20 per executed order | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Options | Rs 20 per executed order | Rs 20 per executed order |
| Currency Futures | Rs 20 per executed order | Rs 20 per executed order or 0.05% whichever is lower |
| Currency Options | Rs 20 per executed order | Rs 20 per executed order |
| Commodity Futures | Rs 20 per executed order | Rs 20 per executed order or 0.05% whichever is lower |
| Commodity Options | Rs 20 per executed order | Rs 20 per executed order |
| Special Offer: FREE Account Opening + ₹0 Demat AMC Open an Instant account and start trading today- Open Account |
5Paisa vs Upstox: Currency Brokerage Charges
At the moment, India has a significant number of cheap brokers that provide their services. However, not all of them engage in trading stocks, currencies, or commodities.
Currency future is another name for this concept since it is also popularly known as foreign exchange future or FX future. As the name indicates, a futures contract is an agreement to exchange one currency for another currency at a certain date in the future at a price that is precise or set at the time the contract is purchased. This idea is comparable to that of stock futures. Similarly: 5Paisa charges you twenty rupees for each order that you place in their currency futures market whereas Upstox charges ₹20 per executed order or 0.05% (whichever is lower).
Options on Currencies: Much like equity options, currency options are a type of contract that grants the buyer the right but not the obligation to buy or sell a particular currency, at a specific exchange rate on or before a given date. Both 5Paisa and Upstox impose a fee of Rs. 20 per order for currency choices, and fee is calculated per order.
| Currency Brokerage Charges | 5Paisa | Upstox |
|---|---|---|
| Currency Futures Brokerage | Rs.20 Per Order | Rs 20 per executed order or 0.05% whichever is lower |
| Currency Options Brokerage | Rs.20 Per Order | Rs.20 per lot |
5Paisa vs Upstox: Transaction Charges
Customers are subject to transaction brokerage fees for each and every transaction that is processed by DP (depository participant) As transaction fees, 5Paisa levies a charge of 0.00325% of the total turnover amount. As transaction transaction fees, Upstox levies a charge of 0.00275% of the total turnover amount.
| Upstox | 5Paisa | |
|---|---|---|
| Currency Options | NSE: Exchange turnover charge: 0.04% |Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% Clearing charge: 0.025% | 0.035% |
| Equity Futures | NSE: Exchange turnover charge: 0.0020% | Clearing charge: 0.0002% | 0.0020% |
| Equity Intraday | NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group | 0.00345% (NSE) | 0.00345% (BSE) |
| Equity Options | NSE: Exchange turnover charge: 0.053% | Clearing charge: 0.005% | 0.053% |
| Commodity | Non-Agri: Exchange turnover charge: 0.0026% | Grp A (28 Commodities) 0.0026% | Grp B (4 Commodities) | BLACK PEPPER – 0.0005% | BRASS – 0.0005% |CASTORSEED – 0.0005% | RBDPALMOLEIN – 0.001% | Options Contracts: 0.05% |
| Currency Futures | NSE: Exchange turnover charge: 0.0009% | Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% | 0.0009% |
| Equity Delivery | NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group | 0.00345% (NSE) | 0.00345% (BSE) |
5Paisa vs Upstox: Other Charges
Minimum broker charges: The minimum brokerage fee required to trade on 5Paisa is Rs.10. As a minimum brokerage fee, Upstox too levies a charge of 10 Indian Rupees.
Turnover costs levied by SEBI The Securities and Exchange Board of India (SEBI) is the organisation in charge of regulating the commodities and securities markets. It ensures that all investors are participating in ethical business practices and deducts a fixed fee based on the volume of their trades. Both 5Paisa and Upstox impose the same sebi turnover tax of 0.0002% of Total Turnover on their users.
Costs for stamp duty charges may vary from state to state and based on the asset class being exchanged.
Charges Relating to the Goods and Services Tax (GST) -There is a GST of 18% that is applied to brokerage and transaction fees.
5Paisa levies a securities transaction tax (STT) equal to 0.0125% of total turnover, while Upstox levies the same amount of tax on total turnover.
When you make an order through call and trade, the associated fees might range anywhere from Rs.20 to Rs.50 depending on the broker. As a call and trade fee, 5Paisa levies a charge of Rs 100 every call, regardless of the amount of transactions that occur during a conversation. As a combined call and trading charge, Upstox levies a fee of 50 rupees for each transaction.
| Other Brokerage Charges | 5Paisa | Upstox |
|---|---|---|
| Minimum Brokerage Charges | Rs.10 | Rs.20 |
| Transaction Brokerage Charges | 0.00325% of Total Turnover | 0.00275% of Total Turnover |
| SEBI Turnover Charges | 0.0002% of Total Turnover | 0.0002% of Total Turnover |
| Stamp Duty Charges | As per the state (Use 5Paisa Brokerage Calculator to see report | As per the state (Use Upstox Brokerage Calculator to see report |
| GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) |
| STT Charges | 0.0126% of Total Turnover | 0.0126% of Total Turnover |
| Call and Trade Charges | Rs 100 per call (any number of trades in a call) | Rs 20 per trade |
5Paisa vs Upstox Equity Exposure/Leverage
There is a connection between exposure and leverage; if an investor wants to raise the amount of exposure he has on a particular trade or stock, he may utilize leverage to take a much greater position on the transaction with the assistance of his broker. A leverage of 1:500 indicates that the trader gets Rs.500 to trade with for every Rs.1 that is contributed to the company’s share capital. This idea is standard practise in forex and stock trading, and several brokers provide leverage ratios of even higher than 1:500.
| Upstox | 5Paisa | |
|---|---|---|
| Equity Options | Option Sell: 1x | Option Buying: No Margin | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margins(SPAN + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Options | Option Sell: 1x | Option Buying: No Margin | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (no margin) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
Also read: Groww vs Upstox
5Paisa vs Upstox: Offers
| 5paisa | Upstox | |
|---|---|---|
| Stock / Equity |  | |
| Commodity | | |
| Currency | | |
| IPO | | |
| Mutual Funds | | |
5Paisa vs Upstox: Customer Support
5paisa Vs Upstox: Pros and Cons
5paisa Pros and Cons
Pros
- Flat fee brokerage: Pay only Rs 20 per executed order. No concerns about trade size.
- Free trading software: Access 5Paisa’s mobile app and trading terminal at no cost.
- Brokerage-free direct mutual funds: Invest in mutual funds without worrying about brokerage charges.
Cons
- There is no BTST facility available here.
- Margin funding provided without prior notice, causing customer confusion and substantial interest charges that may triger loss to investors.
- Research and advisory services come at an additional cost.
- Higher exchange turnover charges compared to other well-known discount stock brokers.
- NRI Trading and Demat Account services are unavailable.
Upstox Pros and Cons
Pros
- There are no fees to open the account.
- Trading in Equity Delivery is done with no brokerage fees (Cash & Carry).
- There are no brokerage fees associated with investing in mutual funds.
- The brokerage fee is Rs 20 or ₹20 or 2.5% whichever is lower on Equity Delivery.
- Provide direct mutual funds to customers.
- Trading software that is free to use and is compatible with mobile and web browsers.
- One app that may be used to trade in equities, currencies, and commodities.
- The Margin Trading Facility (MTF) is offered at an interest rate of 20 rupees per day for each 40,000 rupees that is borrowed.
- There is a margin against share that may be used.
- There is the possibility of investing in bonds, NCDs, IPOs, and FPOs online.
- Good-Till-Triggered (GTT) orders are available.
- Rated high on the app store than 5Paisa
Cons
- There is no BTST facility available here.
- There are no unlimited monthly subscriptions available.
- NRI Trading and Demat Accounts are not available with Upstox.
- Doesn’t provide digital gold.
5Paisa vs Upstox: Conclusion
Here is the conclusion between 5Paisa vs Upstox:
- Fees: Both 5Paisa and Upstox charge fees for their services, but the specific fees may vary.
- Trading platforms: Both firms offer trading platforms that can be accessed online or via mobile app.
- Research and education: Both firms may offer research and educational resources to help traders make informed investment decisions.
- Customer service: Both firms have customer support teams that can assist with questions or issues that may arise.
Ultimately, the choice between 5Paisa vs Upstox will depend on your specific needs and preferences as a trader. It is important to carefully consider the fees, trading platforms, research and education resources, and customer service offered by both firms before making a decision.
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