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5paisa vs Zerodha vs Groww

In this article, we are going to review and compare 5paisa vs Zerodha vs Groww 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 ReviewZerodha Trading App Review 2024Groww app brokerage charges
Company name 5paisa Zerodha Groww Venture
Headquarters Thane Bengaluru New Delhi
Founder Prakarsh Gagdani, Nirmal Jain Nithin Kamath Lalit Keshre
Establishment Year 2016 15 August 2010 2017

Account opening & AMC

5paisa Demat Account & Mobile app ReviewZerodha Trading App Review 2024Groww app brokerage charges
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 ₹200 ₹0
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 ₹0 ₹0

Pledge Charges

5paisa Demat Account & Mobile app ReviewZerodha Trading App Review 2024Groww app brokerage charges
Pledge Creation Charges ₹50 ₹30 + GST per pledge request ₹0
Pledge Invocation Charges ₹0 ₹0 ₹20
Interest on Margin Trading 0.06% Per Day 0.035% per day (equivalent to 12.775% p.a.) Does not provide
Margin Re-Pledge ₹12.50 + GST per scrip ₹0 ₹5

Brokerage charges & Fees

5paisa Demat Account & Mobile app ReviewZerodha Trading App Review 2024Groww app brokerage charges
Brokerage Plan Regular Account Standard Standard
Equity Delivery Charges ₹20 ₹0 ₹20 or 0.05% per executed order, whichever is lower
Equity Intraday Charges ₹20 ₹20 or 0.03% per executed order, whichever is lower ₹20 or 0.05% per executed order, whichever is lower
Equity Futures charges ₹20 ₹20 or 0.03% per executed order, whichever is lower Flat ₹20 per executed order
Equity Options charges ₹20 Flat ₹20 per executed order Flat ₹20 per executed order
Currency Futures charges ₹20 ₹20 per executed order or 0.03% of the transaction value, whichever is lower Does not offer
Currency Options charges ₹20 Flat ₹20 per executed order Does not offer
Commodity Futures charges ₹20 ₹20 per executed order or 0.03% of the transaction value, whichever is lower Does not offer
Commodity Options charges ₹20 ₹20 per executed order Does not offer

Customer services offered

5paisa Demat Account & Mobile app ReviewZerodha Trading App Review 2024Groww app brokerage charges
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 ✅Yes
Referral Program ✅Yes ✅Yes ✅Yes

Customer Support

5paisa Demat Account & Mobile app ReviewZerodha Trading App Review 2024Groww app brokerage charges
Call Support 089766 89766 080 47181888 +91 9108800604 (24x7)
Email Support support@5paisa.com renu.pd@zerodha.com (10AM - 5PM) support@groww.in
Whatsapp Support ⛔No ⛔No ⛔No
Website Support ✅Yes, create ticket ✅Yes, create ticket ✅Yes, create ticket

Leverage (Margin) Offered

5paisa Demat Account & Mobile app ReviewZerodha Trading App Review 2024Groww app brokerage charges
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; requires full margin upfront
Equity Intraday Margin Leverage Upto 5x depending on the stock (lower leverage for volatile stocks) Upto 5x 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; requires full margin upfront No leverage available; requires full margin upfront
Equity F&O Carry Forward Margin Leverage No leverage available; requires full margin upfront No leverage available; requires full margin upfront No leverage available; requires full margin upfront
Currency F&O Margin Leverage No leverage available; requires full margin upfront No leverage available; requires full margin upfront Does not provide Currency trading
Commodity F&O Intraday Margin Leverage No leverage available; requires full margin upfront No leverage available; requires full margin upfront Does not provide Commodity trading
Commodity F&O Carry Forward Margin Leverage No leverage available; requires full margin upfront No leverage available; requires full margin upfront Does not provide Commodity trading

Unique Offerings

5paisa Demat Account & Mobile app ReviewZerodha Trading App Review 2024Groww app brokerage charges
Free Account Opening ✅Yes ⛔No ✅Yes
Free Brokerage ✅Yes, but with Ultra Trader (₹1199 per month) On Stock delivery, Mutual Funds and IPOs only On Mutual Funds and IPOs only
Free AMC ⛔No ✅Yes ✅Yes
Free Equity Delivery ✅Yes, but with Ultra Trader (₹1199 per month) ✅Yes ⛔No
Free F&O Trading ⛔No ⛔No ⛔No
Free Intraday Trading ✅Yes, but with Ultra Trader (₹1199 per month) ⛔No ⛔No
Free Trading calls ₹100 ⛔No ⛔No
Happy Trading Hours ⛔No ⛔No ⛔No
Flexible Brokerage Plans ✅Yes ⛔No ⛔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 ReviewZerodha Trading App Review 2024Groww app brokerage charges
Equity Delivery ✅Yes ✅Yes ✅Yes
Equity Intraday ✅Yes ✅Yes ✅Yes
Equity Futures ✅Yes ✅Yes ✅Yes
Equity Options ✅Yes ✅Yes ✅Yes
Currency Futures ✅Yes ✅Yes ⛔No
Currency Options ✅Yes ✅Yes ⛔No
Commodity Futures ✅Yes ✅Yes ⛔No
Commodity Options ✅Yes ✅Yes ⛔No
Foreign Stocks ✅Yes, with Vested ⛔No ✅Yes, US stocks
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 ReviewZerodha Trading App Review 2024Groww app brokerage charges
Market Order ✅Yes ✅Yes ✅Yes
Limit Order ✅Yes ✅Yes ✅Yes
Bracket Order ✅Yes ✅Yes ⛔No
Cover Order ✅Yes ✅Yes ⛔No
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 ReviewZerodha Trading App Review 2024Groww app brokerage charges
Annual Reports ✅Yes ✅Yes, powered by Tickertape ✅Yes
Company Reports ✅Yes ✅Yes, powered by Tickertape ✅Yes
Research Reports ⛔No ✅Yes, powered by Tickertape ⛔No
Fundamental Reports ✅Yes ✅Yes, powered by Tickertape ✅Yes
IPO Reports ✅Yes ✅Yes ✅Yes
Technical Reports ⛔No ✅Yes, powered by Streak ⛔No
Stock tips ✅Yes ⛔No ⛔No
Daily Market Review ✅Yes ⛔No ✅Yes
Monthly Review ✅Yes ⛔No ✅Yes
Weekly Review ✅Yes ⛔No ✅Yes
Robo Advisory ⛔No ⛔No ⛔No

STT & CTT Charges

5paisa Demat Account & Mobile app ReviewZerodha Trading App Review 2024Groww app brokerage charges
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 the 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) 0.0625% on sell side (on premium)
Currency Futures STT & CTT No STT No STT ⛔ Does not offer
Currency Options STT & CTT No STT No STT ⛔ Does not offer
Commodity Futures STT & CTT 0.01% on sell side (Non-Agri) 0.01% on sell side (Non-Agri) ⛔ Does not offer
Commodity Options STT & CTT 0.05% on sell side 0.05% on sell side ⛔ Does not offer

Trading Features

5paisa Demat Account & Mobile app ReviewZerodha Trading App Review 2024Groww app brokerage charges
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 ⛔No
Live market ✅Yes ✅Yes ✅Yes
Multiple Profile Management ⛔No ⛔No ⛔No
Secure Platform ✅Yes ✅Yes ✅Yes

Trading Platforms

5paisa Demat Account & Mobile app ReviewZerodha Trading App Review 2024Groww app brokerage charges
Android App ✅Yes ✅Yes ✅Yes
iOS App ✅Yes ✅Yes ✅Yes
Web Trading Platform ✅Yes ✅Yes ✅Yes
Trading Terminal ✅Yes ✅Yes ⛔No
Algo Trading Platform ✅Yes ✅Yes ⛔No
Foreign Stocks Trading Platform ✅Yes ⛔No ✅Yes, US stocks only
Basket Trading Platform ✅Yes ✅Yes ⛔No
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 ReviewZerodha Trading App Review 2024Groww app brokerage charges
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% | BSE: 0 NSE: 0.0019% | BSE: 0
Equity Options Transaction Charges NSE: 0.05% (on premium) | BSE: 0.0325% (on premium) NSE: 0.05% (on premium) | BSE: 0.005% (on premium) NSE: 0.05% (on premium) | BSE: 0.0325% (on premium)
Currency Futures Transaction Charges 0.0009% 0.0009% Does not offer
Currency Options Transaction Charges NSE: Exchange txn charge: 0.035% | BSE: Exchange txn charge: 0.001% NSE: Exchange txn charge: 0.035% | BSE: Exchange txn charge: 0.001% Does not offer
Commodity Futures Transaction Charges Exchange txn charge: 0.0026% Exchange txn charge: 0.0026% Does not offer
Commodity Options Transaction Charges Exchange txn charge: 0.05% Exchange txn charge: 0.05% Does not offer

Stamp Duty charges

5paisa Demat Account & Mobile app ReviewZerodha Trading App Review 2024Groww app brokerage charges
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 ⛔ Does not offer
Currency Options Stamp Duty 0.0001% or ₹10 / crore on buy side 0.0001% or ₹10 / crore on buy side ⛔ Does not offer
Commodity Futures Stamp Duty 0.002% or ₹200 / crore on buy side 0.002% or ₹200 / crore on buy side ⛔ Does not offer
Commodity Options Stamp Duty 0.003% or ₹300 / crore on buy side 0.003% or ₹300 / crore on buy side ⛔ Does not offer

Other Charges

5paisa Demat Account & Mobile app ReviewZerodha Trading App Review 2024Groww app brokerage charges
SEBI Turnover Charges ₹10 / crore ₹10 / crore ₹10 / crore
DP Charges ₹12.5 + GST per scrip ₹13.5 + GST per scrip (irrespective of quantity) ₹13.5 per company
GST charges 18% of (Brokerage + Transaction charges + Demat) 18% of (Brokerage + Transaction charges + Demat) 18%
Account Closure Charges Free Free Free
Reactivation Charges Free Free Free
Dematerialization Charges ₹15 per certificate + ₹40 for postal charges ₹150 per share certificate, ₹100 courier charges, + 18% GST ₹150 per share certificate + courier charges
Call and Trade charges ₹100 ₹50 per order ₹50 per order
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