Top Stock Advisory
Upstox vs. 5Paisa
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 Upstox and 5Paisa. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Upstox and 5Paisa.
Overview
Upstox is private company and 5Paisa is public company. both are discount brokers as well. Raghu Kumar, Ravi Kumar & Shrinivas Vishvanath co-founded Upstox in 2009. And 5Paisa was founded in the year 2007 by Nirmal Jain & Rajamani Venkataraman. Upstox's headquarters are in Mumbai, India and 5Paisa'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. Upstox is registered in BSE, NSE, MCX, while 5Paisa is registered in NSE, BSE. The total branches of Upstox are 4 and the 5Paisa branches are 900.
| Overview | Upstox | 5Paisa |
|---|---|---|
| Broker Type | Discount Broker | Discount Broker |
| Type of company | Private | Public |
| Headquarter | Mumbai, India | Mumbai, India |
| Founders | Raghu Kumar, Ravi Kumar & Shrinivas Vishvanath | Nirmal Jain & Rajamani Venkataraman |
| Foundation Year | 2009 | 2007 |
| Supported Exchanges | BSE, NSE, MCX | NSE, BSE |
| Total branches | 4 | 900 |
Upstox and 5Paisa 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 Upstox charging Rs.150 and 5Paisa charging Rs.650.
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 Upstox Demat account is Rs.150 per annum and for the 5Paisa Demat account is Rs.400 per Annum. The Trading AMC for Upstox and 5Paisa 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 Upstox and 5Paisa is CDSL.
| Account Opening and Demat Charges | Upstox | 5Paisa |
|---|---|---|
| Trading Account Opening Charges | Rs.150 | Rs.650 |
| Demat AMC (Annual Maintenance Charges) | Rs.150 per annum | Rs.400 per Annum |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Zero | Zero |
| Offline to Online Charges | Not applicable | Not applicable |
| Depository | CDSL | CDSL |
Upstox and 5Paisa 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 Upstox is Zero, while 5Paisa charges you Free.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Upstox is Rs.20 and for 5Paisa also, it is Rs.20 Per Order.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Upstox charge Rs.20 and 5Paisa charge Rs.20 Per Order 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, Upstox charges Rs.20 per lot, and 5Paisa charges Rs.20 Per Order.
| Equity Brokerage Charges | Upstox | 5Paisa |
|---|---|---|
| Equity Delivery Brokerage | Zero | Free |
| Equity Intraday Brokerage | Rs.20 | Rs.20 Per Order |
| Equity Futures Brokerage | Rs.20 | Rs.20 Per Order |
| Equity Options Brokerage | Rs.20 per lot | Rs.20 Per Order |
Upstox and 5Paisa 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 Upstox is Rs.20 and for 5Paisa is Rs.20 Per Order.
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. Upstox charges Rs.20 per lot for currency options, whereas Upstox charges Rs.20 Per Order.
| Currency Brokerage Charges | Upstox | 5Paisa |
|---|---|---|
| Currency Futures Brokerage | Rs.20 | Rs.20 Per Order |
| Currency Options Brokerage | Rs.20 per lot | Rs.20 Per Order |
Upstox and 5Paisa 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. Upstox charges Rs.20 for commodity trading, while 5Paisa charges Rs.20 Per Order.
| Commodity Brokerage Charges | Upstox | 5Paisa |
|---|---|---|
| Commodity Options Brokerage | Rs.20 | Rs.20 Per Order |
Upstox and 5Paisa Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Upstox levies a minimum brokerage fee of Rs.20, while 5Paisa charges Rs.20 Per Order brokerage fee.
Transaction Brokerage Charges: Upstox levies a transaction brokerage charge of 0.00275% of Total Turnover, while 5Paisa charges 0.00325% 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 Upstox is 0.0002% of Total Turnover and for Upstox 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 Upstox are 0.0126% of Total Turnover, while for 5Paisa, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Upstox charges Rs 20 per trade and 5Paisa charges Rs 100 per call (any number of trades in a call).
| Other Brokerage Charges | Upstox | 5Paisa |
|---|---|---|
| Minimum Brokerage Charges | Rs.20 | Rs.20 Per Order | Transaction Brokerage Charges | 0.00275% of Total Turnover | 0.00325% 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 20 per trade | Rs 100 per call (any number of trades in a call) |
Upstox and 5Paisa 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 Upstox is up to Upto 5x and by 5Paisa it is up to Upto 5x.
Equity Intraday: Leverage for equity intraday by Upstox is up to Upto 20x and by 5Paisa it is up to Upto 35x.
Equity Futures: Leverage for Equity Futures by Upstox is up to Upto 7x and by 5Paisa it is up to Upto 8x.
Equity Options: Leverage for Equity Options by Upstox is up to Upto 8x and by 5Paisa also, it is up to Upto 12x.
| Equity Leverage | Upstox | 5Paisa |
|---|---|---|
| Equity Delivery | Upto 5x | Upto 5x | Equity Intraday | Upto 20x | Upto 35x | Equity Futures | Upto 7x | Upto 8x | Equity Options | Upto 8x | Upto 12x |
Upstox and 5Paisa Currency Leverage
The currency futures leverage provided by Upstox is up to Upto 5x, while for 5Paisa it is up to Upto 6x.
The currency options leverage provided by Upstox is up to Upto 6x, while for 5Paisa it is up to Upto 10x.
| Currency Leverage | Upstox | 5Paisa |
|---|---|---|
| Currency Futures | Upto 5x | Upto 6x | Currency Options | Upto 6x | Upto 10x |
Upstox and 5Paisa Commodity Leverage
The commodity leverage provided by Upstox is up to Upto 7x, while for 5Paisa it is up to Upto 10x.
| Commodity Leverage | Upstox | 5Paisa |
|---|---|---|
| Commodity | Upto 7x | Upto 10x |
Upstox and 5Paisa 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 | Upstox | 5Paisa |
|---|---|---|
| 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 |
Upstox and 5Paisa Features
Equity Trading: Upstox and 5Paisa 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: Upstox and 5Paisa also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Upstox and 5Paisa broker is that you can also invest in IPOs. Upstox also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Upstox offers trading exposure of up to Upto 20x, while 5Paisa gives up to Upto 35x.
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 Upstox and 5Paisa, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Upstox and 5Paisa also allow you to trade in forex trading.
| Features | Upstox | 5Paisa |
|---|---|---|
| Equity Delivery Trading | Yes | No | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | No | Equity Options Trading | Yes | No | Currency Trading | Yes | No |
| Commodity Trading | No | No | IPO (Initial public offering) | Yes | No | Stocks Suggestions | No | No | Robo Advisory | Yes | No | PMS (Portfolio Management Services) | No | No |
| Trading Institution | No | No | Trading Exposure | Upto 20x | Upto 35x | Mutual Funds | No | No | SIP (Systematic Investment Plan) | No | No | Forex Trading | No | No | Banking | No | No | Insurance | No | No |
Upstox and 5Paisa 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. Upstox and 5Paisa 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 | Upstox | 5Paisa |
|---|---|---|
| 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 | No | Yes |
| Daily Market Review | No | No |
| Monthly Reports | No | No |
| Weekly reports | No | No |
| Offline Advisory | No | No |
| Relationship Manager | No | No |
Upstox and 5Paisa 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. Upstox and 5Paisa 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 | Upstox | 5Paisa |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | Yes |
Upstox and 5Paisa Mobile Trading Platforms
Upstox and 5Paisa offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Upstox | 5Paisa |
|---|---|---|
| Mobile Browser | Yes | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Upstox and 5Paisa 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. Upstox and 5Paisa 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 | Upstox | 5Paisa |
|---|---|---|
| Relationship Manager | No | No |
| Offline Trading | No | No |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | Yes |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | Zero | Zero |
Upstox and 5Paisa 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 Upstox and 5Paisa registered and resolved complaints.
For Upstox, the Percentage of resolved BSE complaints is 68.11 % and the Percentage of resolved NSE complaints is 79.43 %.
For 5Paisa, the Percentage of resolved BSE complaints is 87.76 % and the Percentage of resolved NSE complaints is 97.46 %.
We can say that Upstox is better than 5Paisa in case of resolving customer complaints.
| BSE Complaints | Upstox | 5Paisa |
|---|---|---|
| BSE Complaints | 185 | 98 |
| BSE Resolved Complaints | 126 | 86 |
| Percentage of resolved BSE complaints | 68.11 % | 87.76 % |
| NSE Complaints | 175 | 236 |
| NSE Resolved Complaints | 139 | 230 |
| Percentage of resolved NSE complaints | 79.43 % | 97.46 % |
| BSE/NSE Complaint vs. Resolved Percentage | 73.77 % | 92.61 % |
Frequently Asked Questions
Is Upstox better than 5Paisa?
Upstox and 5Paisa 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 5Paisa better than Upstox?
Both 5Paisa and Upstox 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 Upstox and 5Paisa?
The brokerage charges for Upstox and 5Paisa 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, Upstox and 5Paisa?
To figure out which of the two stockbrokers, Upstox and 5Paisa, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Upstox with other stock brokers
Visit the following pages to see a detailed comparision report of Upstox with other brokerage firms.
Compare 5Paisa with other stock brokers
Visit the following pages to see a detailed comparision report of 5Paisa with other brokerage firms.