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5paisa vs M.stock vs Zerodha

We will compare 5paisa vs M.stock vs Zerodha based on charges, account maintenance charges, investment options, customer service, user reviews, research and analysis, and the track record and reputation of the broker.



Company Overview

5paisa Demat Account & Mobile app ReviewM.stock chargesZerodha Trading App Review 2024
Company name 5paisa Mirae Asset Capital Markets (India) Pvt Ltd Zerodha
Headquarters Thane Mumbai Bengaluru
Founder Prakarsh Gagdani, Nirmal Jain Hyeon Joo Park Nithin Kamath
Establishment Year 2016 June 1997 15 August 2010

Account opening & AMC

5paisa Demat Account & Mobile app ReviewM.stock chargesZerodha Trading App Review 2024
Account Opening Fee The account opening fee, also known as account setup charges, refers to the one-time charge levied by a brokerage firm when you open a new Demat and trading account to invest in securities like stocks, bonds, or ETFs. These fees can vary depending on the type of account, the brokerage firm, and any current promotions or offers. ₹0 ₹999 (Zero brokerage for life) + ₹999 (Free AMC) ₹200
Annual Maintenance Charges (AMC) This is a yearly fee levied by the depository participant (DP) to maintain your Demat account, where your shares are held electronically. ₹300/year ₹120 every quarter (Zero AMC by paying an additional ₹999, else ₹120 every quarter as AMC) ₹0

Pledge Charges

5paisa Demat Account & Mobile app ReviewM.stock chargesZerodha Trading App Review 2024
Pledge Creation Charges ₹50 ₹25 per PSN (Pledge Sequence Number) per day (+GST) for 'Lifetime free AMC' plan ₹30 + GST per pledge request
Pledge Invocation Charges ₹0 ₹25 per PSN (Pledge Sequence Number) per day (+GST) for 'Lifetime free AMC' plan ₹0
Interest on Margin Trading 0.06% Per Day Up to ₹25 Lakhs: 9.99%, Above ₹25 Lakhs to ₹5 Crore: 8.99%, Above ₹5 Crore: 6.99% 0.035% per day (equivalent to 12.775% p.a.)
Margin Re-Pledge ₹12.50 + GST per scrip ₹25 per PSN ₹0

Brokerage charges & Fees

5paisa Demat Account & Mobile app ReviewM.stock chargesZerodha Trading App Review 2024
Brokerage Plan Regular Account Lifetime free AMC' plan Standard
Equity Delivery Charges ₹20 Zero ₹0
Equity Intraday Charges ₹20 Zero ₹20 or 0.03% per executed order, whichever is lower
Equity Futures charges ₹20 Zero ₹20 or 0.03% per executed order, whichever is lower
Equity Options charges ₹20 Zero Flat ₹20 per executed order
Currency Futures charges ₹20 Zero ₹20 per executed order or 0.03% of the transaction value, whichever is lower
Currency Options charges ₹20 Zero Flat ₹20 per executed order
Commodity Futures charges ₹20 Do not offer Commodity trading ₹20 per executed order or 0.03% of the transaction value, whichever is lower
Commodity Options charges ₹20 Do not offer Commodity trading ₹20 per executed order

Customer services offered

5paisa Demat Account & Mobile app ReviewM.stock chargesZerodha Trading App Review 2024
Demat Services ✅Yes ✅Yes ✅Yes
Trading Services ✅Yes ✅Yes ✅Yes
Intraday Services ✅Yes ✅Yes ✅Yes
F&O Services ✅Yes ✅Yes ✅Yes
IPO Services ✅Yes ✅Yes ✅Yes
Share Pledging ✅Yes ✅Yes ✅Yes
NRI Services ⛔No ✅Yes
Referral Program ✅Yes ✅Yes ✅Yes

Customer Support

5paisa Demat Account & Mobile app ReviewM.stock chargesZerodha Trading App Review 2024
Call Support 089766 89766 1800 210 0818 080 47181888
Email Support support@5paisa.com help@mstock.com renu.pd@zerodha.com (10AM - 5PM)
Whatsapp Support ⛔No ⛔No
Website Support ✅Yes, create ticket ✅Yes, create ticket

Leverage (Margin) Offered

5paisa Demat Account & Mobile app ReviewM.stock chargesZerodha Trading App Review 2024
Equity Delivery Margin Leverage No leverage available; requires full margin upfront No leverage available; you need the full purchase value in your account. No leverage available; you need the full purchase value in your account.
Equity Intraday Margin Leverage Upto 5x depending on the stock (lower leverage for volatile stocks) Leverage ranges from 3x to 4x depending on the stock (lower leverage for volatile stocks) Upto 5x depending on the stock (lower leverage for volatile stocks)
Equity F&O Intraday Margin Leverage No leverage available; requires full margin upfront No leverage available; you need the full purchase value in your account. No leverage available; requires full margin upfront
Equity F&O Carry Forward Margin Leverage No leverage available; requires full margin upfront No leverage available; you need the full purchase value in your account. No leverage available; requires full margin upfront
Currency F&O Margin Leverage No leverage available; requires full margin upfront 4x to 10x depending on the currency pair and contract type. No leverage available; requires full margin upfront
Commodity F&O Intraday Margin Leverage No leverage available; requires full margin upfront Does not offer trading in Commodity No leverage available; requires full margin upfront
Commodity F&O Carry Forward Margin Leverage No leverage available; requires full margin upfront Does not offer trading in Commodity No leverage available; requires full margin upfront

Unique Offerings

5paisa Demat Account & Mobile app ReviewM.stock chargesZerodha Trading App Review 2024
Free Account Opening ✅Yes ⛔No ⛔No
Free Brokerage ✅Yes, but with Ultra Trader (₹1199 per month) ✅Yes On Stock delivery, Mutual Funds and IPOs only
Free AMC ⛔No ✅Yes, on 'Lifetime free AMC' plan only ✅Yes
Free Equity Delivery ✅Yes, but with Ultra Trader (₹1199 per month) ✅Yes ✅Yes
Free F&O Trading ⛔No ✅Yes ⛔No
Free Intraday Trading ✅Yes, but with Ultra Trader (₹1199 per month) ✅Yes ⛔No
Free Trading calls ₹100 ✅Yes ⛔No
Happy Trading Hours ⛔No ⛔No ⛔No
Flexible Brokerage Plans ✅Yes ✅Yes ⛔No
Referral Offers ✅Yes ✅Yes ✅Yes
Margin Funding (MTF)/ Pledging ✅Yes ✅Yes ✅Yes
Brokerage Cashback ⛔No ⛔No ⛔No
Zero Brokerage for Loss Making Trades ⛔No ⛔No ⛔No
Relationship Manager ⛔No ⛔No ⛔No

Services Provided

5paisa Demat Account & Mobile app ReviewM.stock chargesZerodha Trading App Review 2024
Equity Delivery ✅Yes ✅Yes ✅Yes
Equity Intraday ✅Yes ✅Yes ✅Yes
Equity Futures ✅Yes ✅Yes ✅Yes
Equity Options ✅Yes ✅Yes ✅Yes
Currency Futures ✅Yes ✅Yes ✅Yes
Currency Options ✅Yes ✅Yes ✅Yes
Commodity Futures ✅Yes ⛔No ✅Yes
Commodity Options ✅Yes ⛔No ✅Yes
Foreign Stocks ✅Yes, with Vested ⛔No ⛔No
Mutual Funds ✅Yes ✅Yes ✅Yes
Banking ⛔No ⛔No ⛔No
Insurance ⛔No ⛔No ⛔No
Corporate Bonds ⛔No ⛔No ⛔No
Govt. Bonds ✅Yes ⛔No ⛔No
Digital Gold ⛔No ⛔No ⛔No

Order Types

5paisa Demat Account & Mobile app ReviewM.stock chargesZerodha Trading App Review 2024
Market Order ✅Yes ✅Yes ✅Yes
Limit Order ✅Yes ✅Yes ✅Yes
Bracket Order ✅Yes ✅Yes ✅Yes
Cover Order ✅Yes ✅Yes ✅Yes
After Market Order (AMO) ✅Yes ✅Yes ✅Yes
Good Till Cancelled (GTC) ✅Yes ✅Yes ✅Yes
Buy Today Sell Tomorrow (BTST) ✅Yes ⛔No ⛔No
Sell Today Buy Tomorrow (STBT) ✅Yes ⛔No ⛔No

Research & Reports

5paisa Demat Account & Mobile app ReviewM.stock chargesZerodha Trading App Review 2024
Annual Reports ✅Yes ⛔No ✅Yes, powered by Tickertape
Company Reports ✅Yes ⛔No ✅Yes, powered by Tickertape
Research Reports ⛔No ⛔No ✅Yes, powered by Tickertape
Fundamental Reports ✅Yes ✅Yes, Basic only ✅Yes, powered by Tickertape
IPO Reports ✅Yes ✅Yes ✅Yes
Technical Reports ⛔No ✅Yes, Basic only ✅Yes, powered by Streak
Stock tips ✅Yes ⛔No ⛔No
Daily Market Review ✅Yes ⛔No ⛔No
Monthly Review ✅Yes ⛔No ⛔No
Weekly Review ✅Yes ⛔No ⛔No
Robo Advisory ⛔No ⛔No ⛔No

STT & CTT Charges

5paisa Demat Account & Mobile app ReviewM.stock chargesZerodha Trading App Review 2024
Equity Delivery STT & CTT 0.1% on Buy & Sell 0.1% on buy & sell 0.1% on buy & sell
Equity Intraday STT & CTT 0.025% on the sell side 0.025% on the sell side 0.025% on the sell side
Equity Futures STT & CTT 0.0125% on the sell side 0.0125% on sell side 0.0125% on the sell side
Equity Options STT & CTT 0.0625% on sell side (on premium) 0.0625% on sell side (on premium) and/or 0.125% of the intrinsic value on options that are bought and exercised 0.0625% on sell side (on premium)
Currency Futures STT & CTT No STT No STT No STT
Currency Options STT & CTT No STT No STT No STT
Commodity Futures STT & CTT 0.01% on sell side (Non-Agri) Does not offer Commodity trading 0.01% on sell side (Non-Agri)
Commodity Options STT & CTT 0.05% on sell side Does not offer Commodity trading 0.05% on sell side

Trading Features

5paisa Demat Account & Mobile app ReviewM.stock chargesZerodha Trading App Review 2024
Watchlist ✅Yes ✅Yes ✅Yes
Real Time Updates ✅Yes ✅Yes ✅Yes
Portfolio Details ✅Yes ✅Yes ✅Yes
Price Alert ✅Yes ✅Yes ✅Yes
Online Mutual Fund Buy ✅Yes ✅Yes ✅Yes
Global indices ⛔No ⛔No ⛔No
Customized Recommendations ⛔No ⛔No ⛔No
Advanced charting ✅Yes ✅Yes ✅Yes
Live market ✅Yes ✅Yes ✅Yes
Multiple Profile Management ⛔No ⛔No ⛔No
Secure Platform ✅Yes ✅Yes ✅Yes

Trading Platforms

5paisa Demat Account & Mobile app ReviewM.stock chargesZerodha Trading App Review 2024
Android App ✅Yes ✅Yes ✅Yes
iOS App ✅Yes ✅Yes ✅Yes
Web Trading Platform ✅Yes ✅Yes ✅Yes
Trading Terminal ✅Yes ⛔No ✅Yes
Algo Trading Platform ✅Yes ⛔No ✅Yes
Foreign Stocks Trading Platform ✅Yes ⛔No ⛔No
Basket Trading Platform ✅Yes ✅Yes ✅Yes
Mutual Fund Investment Platform ✅Yes ✅Yes ✅Yes
Digital Gold Investment Platform ⛔No ⛔No ⛔No
Bonds Investment Platform ✅Yes ⛔No ⛔No

Transaction Charges

5paisa Demat Account & Mobile app ReviewM.stock chargesZerodha Trading App Review 2024
Equity Delivery Transaction Charges NSE: 0.00325% | BSE: 0.00375% NSE: 0.00325%, BSE: 0.00375% NSE: 0.00325% | BSE: 0.00375%
Equity Intraday Transaction Charges NSE: 0.00325% | BSE: 0.00375% NSE: 0.00325%, BSE: 0.00375% NSE: 0.00325% | BSE: 0.00375%
Equity Futures Transaction Charges NSE: 0.0019% | BSE: 0 NSE: 0.0019% NSE: 0.0019% | BSE: 0
Equity Options Transaction Charges NSE: 0.05% (on premium) | BSE: 0.0325% (on premium) NSE: 0.050% (on premium) NSE: 0.05% (on premium) | BSE: 0.005% (on premium)
Currency Futures Transaction Charges 0.0009% NSE: Exchange txn charge: 0.0009% 0.0009%
Currency Options Transaction Charges NSE: Exchange txn charge: 0.035% | BSE: Exchange txn charge: 0.001% NSE: Exchange txn charge: 0.035% NSE: Exchange txn charge: 0.035% | BSE: Exchange txn charge: 0.001%
Commodity Futures Transaction Charges Exchange txn charge: 0.0026% Does not offer Exchange txn charge: 0.0026%
Commodity Options Transaction Charges Exchange txn charge: 0.05% Does not offer Exchange txn charge: 0.05%

Stamp Duty charges

5paisa Demat Account & Mobile app ReviewM.stock chargesZerodha Trading App Review 2024
Equity Delivery Stamp Duty 0.015% or ₹1500 / crore on buy side 0.015% or ₹1500 / crore on buy side 0.015% or ₹1500 / crore on buy side
Equity Intraday Stamp Duty 0.003% or ₹300 / crore on buy side 0.003% or ₹300 / crore on buy side 0.003% or ₹300 / crore on buy side
Equity Futures Stamp Duty 0.002% or ₹200 / crore on buy side 0.002% or ₹200 / crore on buy side 0.002% or ₹200 / crore on buy side
Equity Options Stamp Duty 0.003% or ₹300 / crore on buy side 0.003% or ₹300 / crore on buy side 0.003% or ₹300 / crore on buy side
Currency Futures Stamp Duty 0.0001% or ₹10 / crore on buy side 0.0001% or ₹10 / crore on buy side 0.0001% or ₹10 / crore on buy side
Currency Options Stamp Duty 0.0001% or ₹10 / crore on buy side 0.0001% or ₹10 / crore on buy side 0.0001% or ₹10 / crore on buy side
Commodity Futures Stamp Duty 0.002% or ₹200 / crore on buy side Does not offer 0.002% or ₹200 / crore on buy side
Commodity Options Stamp Duty 0.003% or ₹300 / crore on buy side Does not offer 0.003% or ₹300 / crore on buy side

Other Charges

5paisa Demat Account & Mobile app ReviewM.stock chargesZerodha Trading App Review 2024
SEBI Turnover Charges ₹10 / crore ₹10/crore (For all segments) ₹10 / crore
DP Charges ₹12.5 + GST per scrip ₹12 + GST per ISIN per transaction per day ₹13.5 + GST per scrip (irrespective of quantity)
GST charges 18% of (Brokerage + Transaction charges + Demat) 18% of (brokerage + transaction charges + Demat) 18% of (Brokerage + Transaction charges + Demat)
Account Closure Charges Free Free Free
Reactivation Charges Free Free Free
Dematerialization Charges ₹15 per certificate + ₹40 for postal charges ₹150 per certificate + ₹100 courier charges ₹150 per share certificate, ₹100 courier charges, + 18% GST
Call and Trade charges ₹100 ₹0 ₹50 per order
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