Upstox,Upstox vs Zerodha vs 5paisa: Head to Head Comparison Articles Zerodha, and 5paisa are the top ones in India when it comes to discount brokers. Additionally, all three of them charge a flat brokerage on the intraday trading. Products and services offered by them are almost similar. Let’s first know each of the stockbrokers in brief detail.
Upstox
Upstox has over 12.20 lakh clients in India according to data compiled by NSE. Moreover, it is one of the best stock brokers that has many amazing deals. It is suitable for all types of investors and traders. It helps investors for trading at a very low-cost commission. Additionally, it was started in the year 2011 and it is this successful in just a small period.
Zerodha
Zerodha is India’s top no.1 stockbroker that has 24.70 lakh clients according to data by NSE. It was started in the year 2010 and like Upstox is suitable for all types of investors and traders. Moreover, it is the leading stockbroker with low commissions. It is known for its margin rates, customer care support, commissions schedule, and trading platforms.
Zerodha was awarded “the best retail brokerage” in the year 2018 by NSE. Additionally, it provides many services in almost all segments like F&O, Mutual funds, equity, currency, etc. Zerodha mostly focuses on the execution of trades and the platform provided has international standards.
5paisa
5paisa was founded in the year 2005. Additionally, like its competitors, 5paisa gives a simple trading structure that has a flat fee. 5paisa was awarded ‘Best Digital Startup of the Year’. It offers services and tools to their active traders. These tools and services include a https://myalloffers.com mobile application, desktop, and web-based tools for trading. The advantage of using 5paisa is that they provide educational content like infographics and videos to its customers.
Comparison of Upstox, Zerodha, and 5paisa
Head points
Upstox
Zerodha
5paisa
Type of Broker
Discount Broker
Discount Broker
Discount Broker
Account Type
Upstox Basic
Basic
Optimum
Upstox V/s Zerodha V/s 5paisa Charges & AMC
Trading Account Opening Charges
Rs. 249
Rs. 200
Rs. 0
Trading Account AMC
Rs. 0
Rs. 0
Rs. 0
Demat Account Opening Charges
Rs. 0
Rs. 0
Rs. 0
Demat Account AMC
Rs. 300
Rs. 300
Rs. 540
(manner of charging: Rs.45 per traded month)
Upstox V/s Zerodha V/s 5paisa Brokerage charges
Equity Delivery Brokerage
Rs. 0 (Free)
Rs. 0
Rs. 20 per order executed
Equity Intraday Brokerage
Rs.20 per order executed or 0.05% of the order, whichever is lower
0.03% or Rs. 20 per executed order, whichever is low
Rs. 20 per executed order
Equity Futures Brokerage
Rs.20 per order executed or 0.05% of the order, whichever is lower
0.03% or Rs. 20 per executed order, whichever is low
Rs. 20 per executed order
Equity Options Brokerage
Flat Rs.20 per order executed
Flat Rs.20 per order executed
Flat Rs.20 per order executed
Currency Options trading brokerage
Rs. 20 per executed order
0.03% or Rs. 20 per executed order, whichever is low
Rs.20 per order executed or 0.05% of the order, whichever is lower
Commodity futures trading brokerage
Rs.20 per order executed or 0.05% of the order, whichever is lower
0.03% or Rs. 20 per executed order, whichever is low
Rs. 20 per executed order
Commodity options trading brokerage
Rs. 20 per executed order