It is easy to choose between a discount broker and a full-service broker as investors know what they are looking for. If one is looking for personalized services and handholding support they should go for a full-service broker. Whereas, on the other hand if one is looking for advanced technology for trading and various trading platforms then the best choice is to look for a discount broker.
The challenge arises when the investors have to choose between various discount brokers. In such case, a side by side comparison of the stock brokers is required on various parameters such as what brokerage each of them is charging, what are the services offered, if there are any hidden charges involved and so on.
Here is a side by side comparison between Upstox and 5 Paisa, both of which are among India’s top discount brokers.
The brokers mentioned are compared on the following aspects:
- Overview of the Company
- Demat Account Charges
- Brokerage and other charges
- Research and Advisory
- Exposure and Margin
- Trading Platforms
COMPANY OVERVIEWFree | |||
Particulars | 5 Paisa | Upstox | |
---|---|---|---|
About | It is Mumbai based India’s second largest discount broker and is a part of the leading IIFL group. | Upstox is a low cost broking firm in India which was incorporated in the year 2012, and provides trading opportunities at discounted prices. | |
Incorporation Year | 1996 | 2012 | |
Broker Type | Discount Broker | Discount Broker | |
Exchanges Supported | BSE, NSE and MCX | BSE, NSE and MCX | |
Founder | Nirmal Jain and Rajamani Venkataraman | Raghu Kumar, Ravi Kumar, and Shrinivas Vishvanath | |
Company Type | Public | Public | |
ACCOUNT OPENING CHARGES | |||
Source Depository | CDSL | CDSL | |
Account opening charges | Zero | Rs.650 | |
Demat AMC Charge | Rs.300 p.a. | Rs.400 p.a. | |
Trading AMC Charges | Free | Free | |
Margin Money | Minimum Rs.10,000 | Zero | |
Offline to Online | Yes | No | |
BROKERAGE AND OTHER CHARGES | |||
Trading Account Opening | Rs.600 | ||
Trading Account AMC | Free | Free | |
Demat Account opening charge | Free | Free | |
Demat Account AMC | Rs.450 (from 2nd year) | Rs.400 | |
Is Demat Account Mandatory? | No | No | |
BROKERAGE PLAN CHARGES | |||
Account Type | Angel iTrade Prime | Flat Rate Plan | |
Equity Delivery Brokerage | Free | Rs.10 per executed order | |
Equity Intraday Brokerage | Flat Rs.20 per executed order | Rs.10 per executed order | |
Equity Futures Brokerage | Flat Rs.20 per executed order | Rs.10 per executed order | |
Equity Option Brokerage | Flat Rs.20 per executed order | Rs.10 per executed order | |
Currency Futures Brokerage | Flat Rs.20 per executed order | Rs.10 per executed order | |
Currency Options Brokerage | Flat Rs.20 per executed order | Rs.10 per executed order | |
Commodity Futures Brokerage | Flat Rs.20 per executed order | Rs.10 per executed order | |
Commodity Options Brokerage | Flat Rs.20 per executed order | Rs.10 per executed order | |
OTHER CHARGES | |||
Minimum Brokerage Charges |
Equity: Rs.20 F&O: Rs.30 |
Rs.10 per trade | |
Other Brokerage Charges | NIL | NIL | |
Call & Trade Charges | Additional Rs.20 per executed order | Rs.100 per call irrespective of the number of trades | |
TRANSACTION CHARGES | |||
Equity Delivery | NSE Rs.325 per Cr (0.00325%) | BSE Rs.300 per Cr (0.003%) (each side)) | Rs.325 per crore (0.00325%) | |
Equity Intraday | NSE Rs.325 per Cr (0.00325%) | BSE Rs.300 per Cr (0.003%) (each side) | Rs.325 per crore (0.00325%) | |
Equity Futures | NSE Rs.190 per Cr (0.0019%) | BSE Rs.300 per Cr (0.003%) (each side) | Rs.210 per crore (0.0021%) | |
Equity Options | NSE Rs.5000 per Cr (0.05%) | BSE Rs.300 per Cr (0.003%) (on premium) | Rs.5100 per crore (0.051%) on premium | |
Currency Futures | Rs.190 per Cr (0.0019%) | Rs.210 per crore (0.0021%) | |
Currency Options | NSE Rs.5000 per Cr (0.05%)(on premium) | Rs.5100 per crore (0.051%) on premium | |
Commodity | MCX Rs.150 per Cr (0.0015%) | NCDEX Rs.300 per Cr (0.003%) | Nil | |
RESEARCH AND ADVISORY | |||
Fundamental Reports | Available | Not Available | |
Research Reports | Available | Not Available | |
Annual Reports | Available | Not Available | |
Free Stock Tips | Available | Not Available | |
IPO Reports | Available | Not Available | |
Daily Market Review | Available | Not Available | |
Monthly Reports | Available | Not Available | |
Offline Advisory | Available | Not Available | |
Relationship Manager | Available | Not Available | |
SERVICES | |||
Demat Services | Available | Available | |
Trading Services | Available | Available | |
3-in-1 account | Not Available | Not Available | |
Intraday Services | Available | Available | |
IPO Services | Available | Available | |
Stock Recommendations | Available | Not Available | |
Robo Advisory | Available | Available | |
PMS | Available | Not Available | |
Trading Exposure | Up to 40x | Up to 35x | |
PRODUCTS | |||
Equity Trading | Available | Available | |
Commodity Trading | Available | Not Available | |
Currency Trading | Available | Available | |
Options | Available | Available | |
Futures | Available | Available | |
Mutual Funds | Available | Not Available | |
Forex | Not Available | Not Available | |
Banking | Not Available | Not Available | |
SIP | Available | Not Available | |
Insurance | Not Available | Not Available | |
EXPOSURES AND MARGINS | |||
Equity | Intraday: Up to 10 times Delivery: Up to 3 times | Intraday: Up to 15 times Delivery: Up to 4 times | |
Equity Futures | Intraday: Up to 4 times | Intraday: Up to 2 times | |
Equity Options | Intraday Selling: Up to 3 times No Margin for Buying | Intraday: Up to 2 times | |
Currency Futures | Intraday: Up to 2 times | Intraday: Up to 2 times | |
Currency Options | Intraday Selling: Up to 2 times No Margin for Buying | Intraday: Up to 2 times | |
Commodities | Intraday: Up to 3 times | Not Available | |
Margin | Angel Broking Margin | 5 Paisa Margin | |
TRADING PLATFORMS | |||
Desktop Platform for windows | |||
Desktop Platform for Mac | |||
Desktop Browser Platform | |||
Mobile Site | |||
Android App | |||
iOS App | |||
Windows App platform | |||
Other mobiles OS platform | |||
Real Time Updates | |||
Portfolio Details | |||
Online MF Purchase | |||
Research Reports | |||
SMS Alerts | |||
Email Alerts | |||
Multi Account Management |
Though the two stock brokers are compared on all the possible aspects, it is always advised to do a detailed research at personal level and then decide as to which broker is most suitable for you keeping mind your financial requirements and goals.
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