Compare stock brokers
5Paisa vs. Upstox
All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.
Among the best stockbrokers in India, two top names are 5Paisa and Upstox. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of 5Paisa and Upstox.
Overview
5Paisa is public company and Upstox is private company. both are discount brokers as well. Nirmal Jain & Rajamani Venkataraman co-founded 5Paisa in 2007. And Upstox was founded in the year 2009 by Raghu Kumar, Ravi Kumar & Shrinivas Vishvanath. 5Paisa's headquarters are in Mumbai, India and Upstox's headquarters are in Mumbai, India.
Discount brokers, as the name implies, execute buy/sell orders for a lesser commission rate. They usually impose a flat brokerage fee. Investors can save a significant amount of money if they do not use a full-service broker. 5Paisa is registered in NSE, BSE, while Upstox is registered in BSE, NSE, MCX. The total branches of 5Paisa are 900 and the Upstox branches are 4.
| 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 | 900 | 4 |
5Paisa and Upstox Trading Account Opening and Demat Charges
A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).
Account opening fees for various brokers range from 0 to Rs.200, with 5Paisa charging Rs.650 and Upstox charging Rs.150.
When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the 5Paisa Demat account is Rs.400 per Annum and for the Upstox Demat account is Rs.150 per annum. The Trading AMC for 5Paisa and Upstox is free. And the margin money for both brokers is also zero.
As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both 5Paisa and Upstox is CDSL.
| Account Opening and Demat Charges | 5Paisa | Upstox |
|---|---|---|
| Trading Account Opening Charges | Rs.650 | Rs.150 |
| Demat AMC (Annual Maintenance Charges) | Rs.400 per Annum | Rs.150 per annum |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Zero | Zero |
| Offline to Online Charges | Not applicable | Not applicable |
| Depository | CDSL | CDSL |
5Paisa and Upstox Equity Brokerage Charges
There are more charges that a broker charges for equity transactions.
Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for 5Paisa is Free, while Upstox charges you Zero.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for 5Paisa is Rs.20 Per Order and for Upstox also, it is Rs.20.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. 5Paisa charge Rs.20 Per Order and Upstox charge Rs.20 for equity futures.
Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, 5Paisa charges Rs.20 Per Order, and Upstox charges Rs.20 per lot.
| Equity Brokerage Charges | 5Paisa | Upstox |
|---|---|---|
| Equity Delivery Brokerage | Free | Zero |
| Equity Intraday Brokerage | Rs.20 Per Order | Rs.20 |
| Equity Futures Brokerage | Rs.20 Per Order | Rs.20 |
| Equity Options Brokerage | Rs.20 Per Order | Rs.20 per lot |
5Paisa and Upstox Currency Brokerage Charges
Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.
Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for 5Paisa is Rs.20 Per Order and for Upstox is Rs.20.
Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. 5Paisa charges Rs.20 Per Order for currency options, whereas 5Paisa charges Rs.20 per lot.
| Currency Brokerage Charges | 5Paisa | Upstox |
|---|---|---|
| Currency Futures Brokerage | Rs.20 Per Order | Rs.20 |
| Currency Options Brokerage | Rs.20 Per Order | Rs.20 per lot |
5Paisa and Upstox Commodity Brokerage Charges
Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. 5Paisa charges Rs.20 Per Order for commodity trading, while Upstox charges Rs.20.
| Commodity Brokerage Charges | 5Paisa | Upstox |
|---|---|---|
| Commodity Options Brokerage | Rs.20 Per Order | Rs.20 |
5Paisa and Upstox Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: 5Paisa levies a minimum brokerage fee of Rs.20 Per Order, while Upstox charges Rs.20 brokerage fee.
Transaction Brokerage Charges: 5Paisa levies a transaction brokerage charge of 0.00325% of Total Turnover, while Upstox charges 0.00275% of Total Turnover.
SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for 5Paisa is 0.0002% of Total Turnover and for 5Paisa is 0.0002% of Total Turnover.
Stamp Duty Charges: This fee is charged as per the state and asset class.
GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)
STT (Securities Transaction Tax): The STT charges for 5Paisa are 0.0126% of Total Turnover, while for Upstox, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. 5Paisa charges Rs 100 per call (any number of trades in a call) and Upstox charges Rs 20 per trade.
| Other Brokerage Charges | 5Paisa | Upstox |
|---|---|---|
| Minimum Brokerage Charges | Rs.20 Per Order | 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 | As per the state | 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 and Upstox Equity Exposure/Leverage
With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.
Equity Delivery: Leverage provided for Equity Delivery by 5Paisa is up to Upto 5x and by Upstox it is up to Upto 5x.
Equity Intraday: Leverage for equity intraday by 5Paisa is up to Upto 35x and by Upstox it is up to Upto 20x.
Equity Futures: Leverage for Equity Futures by 5Paisa is up to Upto 8x and by Upstox it is up to Upto 7x.
Equity Options: Leverage for Equity Options by 5Paisa is up to Upto 12x and by Upstox also, it is up to Upto 8x.
| Equity Leverage | 5Paisa | Upstox |
|---|---|---|
| Equity Delivery | Upto 5x | Upto 5x | Equity Intraday | Upto 35x | Upto 20x | Equity Futures | Upto 8x | Upto 7x | Equity Options | Upto 12x | Upto 8x |
5Paisa and Upstox Currency Leverage
The currency futures leverage provided by 5Paisa is up to Upto 6x, while for Upstox it is up to Upto 5x.
The currency options leverage provided by 5Paisa is up to Upto 10x, while for Upstox it is up to Upto 6x.
| Currency Leverage | 5Paisa | Upstox |
|---|---|---|
| Currency Futures | Upto 6x | Upto 5x | Currency Options | Upto 10x | Upto 6x |
5Paisa and Upstox Commodity Leverage
The commodity leverage provided by 5Paisa is up to Upto 10x, while for Upstox it is up to Upto 7x.
| Commodity Leverage | 5Paisa | Upstox |
|---|---|---|
| Commodity | Upto 10x | Upto 7x |
5Paisa and Upstox Offers
Brokers offer various exciting offers to entice new customers. Here are some of them:
Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.
Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.
Brokerage Discounts: Coupons providing up to 50% discount at their rates.
Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.
1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.
Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.
Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.
Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.
| Offers | 5Paisa | Upstox |
|---|---|---|
| Free Stock Trading Account | Yes | Yes | Free Demat Account | No | No | Flexible Plans | No | No | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | No | No | Referral Program | No | No | Zero Brokerage on Loss Trades | No | No |
5Paisa and Upstox Features
Equity Trading: 5Paisa and Upstox brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.
Currency and Commodity Trading: 5Paisa and Upstox also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of 5Paisa and Upstox broker is that you can also invest in IPOs. 5Paisa also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. 5Paisa offers trading exposure of up to Upto 35x, while Upstox gives up to Upto 20x.
Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With 5Paisa and Upstox, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. 5Paisa and Upstox also allow you to trade in forex trading.
| Features | 5Paisa | Upstox |
|---|---|---|
| Equity Delivery Trading | No | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | No | Yes | Equity Options Trading | No | Yes | Currency Trading | No | Yes |
| Commodity Trading | No | No | IPO (Initial public offering) | No | Yes | Stocks Suggestions | No | No | Robo Advisory | No | Yes | PMS (Portfolio Management Services) | No | No |
| Trading Institution | No | No | Trading Exposure | Upto 35x | Upto 20x | Mutual Funds | No | No | SIP (Systematic Investment Plan) | No | No | Forex Trading | No | No | Banking | No | No | Insurance | No | No |
5Paisa and Upstox Advisory Services
Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-
Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.
Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. 5Paisa and Upstox offer you in-depth research reports.
Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.
Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.
Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.
| Advisory Services | 5Paisa | Upstox |
|---|---|---|
| Fundamental Reports | No | No |
| Research Reports | Yes | Yes |
| Company Reports | No | No |
| Annual Reports | No | No |
| Company Stock Review | No | No |
| Free Stock Tips | No | No |
| IPO Reports | No | No |
| Top Picks | Yes | No |
| Daily Market Review | No | No |
| Monthly Reports | No | No |
| Weekly reports | No | No |
| Offline Advisory | No | No |
| Relationship Manager | No | No |
5Paisa and Upstox Desktop Trading Platforms
A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. 5Paisa and Upstox offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.
| Desktop Trading Platforms | 5Paisa | Upstox |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | Yes |
5Paisa and Upstox Mobile Trading Platforms
5Paisa and Upstox offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | 5Paisa | Upstox |
|---|---|---|
| Mobile Browser | Yes | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
5Paisa and Upstox Customer Support
Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. 5Paisa and Upstox give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.
| Customer Support Features | 5Paisa | Upstox |
|---|---|---|
| Relationship Manager | No | No |
| Offline Trading | No | No |
| Online Trading | Yes | Yes |
| 24 * 7 Support | Yes | No |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | Zero | Zero |
5Paisa and Upstox Customer Complaints
The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for 5Paisa and Upstox registered and resolved complaints.
For 5Paisa, the Percentage of resolved BSE complaints is 87.76 % and the Percentage of resolved NSE complaints is 97.46 %.
For Upstox, the Percentage of resolved BSE complaints is 68.11 % and the Percentage of resolved NSE complaints is 79.43 %.
We can say that 5Paisa is better than Upstox in case of resolving customer complaints.
| BSE Complaints | 5Paisa | Upstox |
|---|---|---|
| BSE Complaints | 98 | 185 |
| BSE Resolved Complaints | 86 | 126 |
| Percentage of resolved BSE complaints | 87.76 % | 68.11 % |
| NSE Complaints | 236 | 175 |
| NSE Resolved Complaints | 230 | 139 |
| Percentage of resolved NSE complaints | 97.46 % | 79.43 % |
| BSE/NSE Complaint vs. Resolved Percentage | 92.61 % | 73.77 % |
Frequently Asked Questions
Is 5Paisa better than Upstox?
5Paisa and Upstox are at the top among the best discount brokers. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Upstox better than 5Paisa?
Both Upstox and 5Paisa are discount brokers. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.
Which is cheaper between 5Paisa and Upstox?
The brokerage charges for 5Paisa and Upstox are on the cheaper side because they both are discount brokers. . In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.
Which is better, 5Paisa and Upstox?
To figure out which of the two stockbrokers, 5Paisa and Upstox, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare 5Paisa with other stock brokers
Visit the following pages to see a detailed comparision report of 5Paisa with other brokerage firms.
Compare Upstox with other stock brokers
Visit the following pages to see a detailed comparision report of Upstox with other brokerage firms.