Upstox Vs 5 Paisa

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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