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5paisa vs Upstox vs Mstock

We will compare 5paisa vs Upstox vs Mstock 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 ReviewUpstox app review India in 2024: Brokerage Charges list, AMC & RatingM.stock charges
Company name 5paisa Upstox- RKSV Securities India Private Limited (RSIPL) Mirae Asset Capital Markets (India) Pvt Ltd
Headquarters Thane Delhi Mumbai
Founder Prakarsh Gagdani, Nirmal Jain Ravi Kumar Hyeon Joo Park
Establishment Year 2016 April 6, 2009 June 1997

Account opening & AMC

5paisa Demat Account & Mobile app ReviewUpstox app review India in 2024: Brokerage Charges list, AMC & RatingM.stock 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 ₹0 ₹999 (Zero brokerage for life) + ₹999 (Free AMC)
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 ₹120 every quarter (Zero AMC by paying an additional ₹999, else ₹120 every quarter as AMC)

Pledge Charges

5paisa Demat Account & Mobile app ReviewUpstox app review India in 2024: Brokerage Charges list, AMC & RatingM.stock charges
Pledge Creation Charges ₹50 ₹20 + GST per scrip for Equity & ₹50 + GST per scrip for pledging Futures buy and sell and Options Sell orders only ₹25 per PSN (Pledge Sequence Number) per day (+GST) for 'Lifetime free AMC' plan
Pledge Invocation Charges ₹0 ₹50 + GST per scrip for unpledging ₹25 per PSN (Pledge Sequence Number) per day (+GST) for 'Lifetime free AMC' plan
Interest on Margin Trading 0.06% Per Day ₹20/day for every slab of ₹40,000 taken as MTF Up to ₹25 Lakhs: 9.99%, Above ₹25 Lakhs to ₹5 Crore: 8.99%, Above ₹5 Crore: 6.99%
Margin Re-Pledge ₹12.50 + GST per scrip ₹20 + GST per scrip for Equity ₹25 per PSN

Brokerage charges & Fees

5paisa Demat Account & Mobile app ReviewUpstox app review India in 2024: Brokerage Charges list, AMC & RatingM.stock charges
Brokerage Plan Regular Account Standard Lifetime free AMC' plan
Equity Delivery Charges ₹20 ₹20 or 2.5% whichever is lower Zero
Equity Intraday Charges ₹20 ₹20 per executed order or 0.05% (whichever is lower) Zero
Equity Futures charges ₹20 ₹20 per executed order or 0.05% (whichever is lower) Zero
Equity Options charges ₹20 Flat ₹20 per executed order Zero
Currency Futures charges ₹20 ₹20 per executed order or 0.05% (whichever is lower) Zero
Currency Options charges ₹20 Flat ₹20 per executed order Zero
Commodity Futures charges ₹20 ₹20 per executed order or 0.05% (whichever is lower) Do not offer Commodity trading
Commodity Options charges ₹20 Flat ₹20 per executed order Do not offer Commodity trading

Customer services offered

5paisa Demat Account & Mobile app ReviewUpstox app review India in 2024: Brokerage Charges list, AMC & RatingM.stock 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
Referral Program ✅Yes ✅Yes ✅Yes

Customer Support

5paisa Demat Account & Mobile app ReviewUpstox app review India in 2024: Brokerage Charges list, AMC & RatingM.stock charges
Call Support 089766 89766 022-41792999: All Trading Days – 8 am to 5 pm 1800 210 0818
Email Support support@5paisa.com support@upstox.com: All Trading Days – 8 am to 5 pm help@mstock.com
Whatsapp Support ⛔No No
Website Support ✅Yes, create ticket Yes, 8AM - 7PM IST, Monday - Saturday

Leverage (Margin) Offered

5paisa Demat Account & Mobile app ReviewUpstox app review India in 2024: Brokerage Charges list, AMC & RatingM.stock 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; 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 1x to 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)
Equity F&O Intraday Margin Leverage No leverage available; requires full margin upfront Leverage is 1.3x across all Equity F&O contracts No leverage available; you need the full purchase value in your account.
Equity F&O Carry Forward Margin Leverage No leverage available; requires full margin upfront No leverage available; requires full margin upfront No leverage available; you need the full purchase value in your account.
Currency F&O Margin Leverage No leverage available; requires full margin upfront Leverage is 1.3x across all Currency F&O contracts 4x to 10x depending on the currency pair and contract type.
Commodity F&O Intraday Margin Leverage No leverage available; requires full margin upfront Leverage is 1.3x across all Commodity F&O contracts Does not offer trading in Commodity
Commodity F&O Carry Forward Margin Leverage No leverage available; requires full margin upfront No leverage available; requires full margin upfront Does not offer trading in Commodity

Unique Offerings

5paisa Demat Account & Mobile app ReviewUpstox app review India in 2024: Brokerage Charges list, AMC & RatingM.stock charges
Free Account Opening ✅Yes ✅Yes ⛔No
Free Brokerage ✅Yes, but with Ultra Trader (₹1199 per month) On Mutual Funds and IPOs only ✅Yes
Free AMC ⛔No ✅Yes ✅Yes, on 'Lifetime free AMC' plan only
Free Equity Delivery ✅Yes, but with Ultra Trader (₹1199 per month) ⛔No ✅Yes
Free F&O Trading ⛔No ⛔No ✅Yes
Free Intraday Trading ✅Yes, but with Ultra Trader (₹1199 per month) ⛔No ✅Yes
Free Trading calls ₹100 ⛔No ✅Yes
Happy Trading Hours ⛔No ⛔No ⛔No
Flexible Brokerage Plans ✅Yes ⛔No ✅Yes
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 ReviewUpstox app review India in 2024: Brokerage Charges list, AMC & RatingM.stock 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 ✅Yes
Currency Options ✅Yes ✅Yes ✅Yes
Commodity Futures ✅Yes ✅Yes ⛔No
Commodity Options ✅Yes ✅Yes ⛔No
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 ReviewUpstox app review India in 2024: Brokerage Charges list, AMC & RatingM.stock charges
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 ReviewUpstox app review India in 2024: Brokerage Charges list, AMC & RatingM.stock charges
Annual Reports ✅Yes ⛔No ⛔No
Company Reports ✅Yes ✅Yes, Basic only ⛔No
Research Reports ⛔No ⛔No ⛔No
Fundamental Reports ✅Yes ✅Yes, Basic only ✅Yes, Basic only
IPO Reports ✅Yes ✅Yes ✅Yes
Technical Reports ⛔No ✅Yes, Basic only ✅Yes, Basic only
Stock tips ✅Yes ⛔No ⛔No
Daily Market Review ✅Yes ✅Yes ⛔No
Monthly Review ✅Yes ✅Yes ⛔No
Weekly Review ✅Yes ✅Yes ⛔No
Robo Advisory ⛔No ⛔No ⛔No

STT & CTT Charges

5paisa Demat Account & Mobile app ReviewUpstox app review India in 2024: Brokerage Charges list, AMC & RatingM.stock 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 sell side 0.0125% on 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) and/or 0.125% of the intrinsic value on options that are bought and exercised
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) 0.01% on sell trade (Non-Agri) Does not offer Commodity trading
Commodity Options STT & CTT 0.05% on sell side 0.05% on sell trade Does not offer Commodity trading

Trading Features

5paisa Demat Account & Mobile app ReviewUpstox app review India in 2024: Brokerage Charges list, AMC & RatingM.stock 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 ✅Yes
Live market ✅Yes ✅Yes ✅Yes
Multiple Profile Management ⛔No ⛔No ⛔No
Secure Platform ✅Yes ✅Yes ✅Yes

Trading Platforms

5paisa Demat Account & Mobile app ReviewUpstox app review India in 2024: Brokerage Charges list, AMC & RatingM.stock 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 ⛔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 ReviewUpstox app review India in 2024: Brokerage Charges list, AMC & RatingM.stock charges
Equity Delivery Transaction Charges NSE: 0.00325% | BSE: 0.00375% NSE 0.00325% per trade on buy & sell. BSE charges vary as per the scrip group NSE: 0.00325%, BSE: 0.00375%
Equity Intraday Transaction Charges NSE: 0.00325% | BSE: 0.00375% NSE: 0.00325% per trade on buy & sell. BSE charges vary as per the scrip group NSE: 0.00325%, BSE: 0.00375%
Equity Futures Transaction Charges NSE: 0.0019% | BSE: 0 NSE Exchange turnover charge: 0.0019%. BSE: Nil NSE: 0.0019%
Equity Options Transaction Charges NSE: 0.05% (on premium) | BSE: 0.0325% (on premium) NSE Exchange turnover charge: 0.050% (on premium). BSE: 0.0375% (on premium) NSE: 0.050% (on premium)
Currency Futures Transaction Charges 0.0009% NSE: Exchange txn charge: 0.0009% & BSE: Exchange txn charge: 0.00022% NSE: Exchange txn charge: 0.0009%
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% NSE: Exchange txn charge: 0.035%
Commodity Futures Transaction Charges Exchange txn charge: 0.0026% Non-Agri: Exchange turnover charge: 0.0026% Does not offer
Commodity Options Transaction Charges Exchange txn charge: 0.05% Exchange turnover charge: 0.05% Does not offer

Stamp Duty charges

5paisa Demat Account & Mobile app ReviewUpstox app review India in 2024: Brokerage Charges list, AMC & RatingM.stock 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 Rs 10 per 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 Rs 10 per crore on buy-side 0.0001% or ₹10 / crore on buy side
Commodity Futures Stamp Duty 0.002% or ₹200 / crore on buy side 0.002% or ₹200 per crore on buy-side Does not offer
Commodity Options Stamp Duty 0.003% or ₹300 / crore on buy side 0.003% or ₹300 per crore on buy-side Does not offer

Other Charges

5paisa Demat Account & Mobile app ReviewUpstox app review India in 2024: Brokerage Charges list, AMC & RatingM.stock charges
SEBI Turnover Charges ₹10 / crore ₹10/crore (For all segments) ₹10/crore (For all segments)
DP Charges ₹12.5 + GST per scrip ₹18.5 + GST per scrip (irrespective of quantity) ₹12 + GST per ISIN per transaction per day
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 ₹20 per Certificate ₹150 per certificate + ₹100 courier charges
Call and Trade charges ₹100 ₹50 + 18% GST ₹0