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Upstox Vs 5Paisa
| | Broker Comparison, Trading | 2 Comments
Upstox Vs 5Paisa is one of the top stockbroker comparisons traders look for.
Here is the comparison with respect to Brokerage, Customer Service, Trading Platforms etc. This comparison article also provides a video comparison between Upstox Vs 5Paisa so that you get a 360-degree view about which broker to go ahead with.
Upstox Vs 5Paisa Comparison
Here is a point by point comparison of Upstox Vs 5Paisa. 5Paisa is a discount broker launched by India Infoline (IIFL) in 2015 and allows a trader to trade across Equity, Currency, Insurance and Mutual Funds.
On the other hand, Upstox is a discount broker as well launched by 3 co-founders in 2012.
Today, Upstox does a daily turnover of ₹5000 Crore with a customer base of around 20,000. The firm has been backed up by some of the prominent names such as Ratan Tata, Kalaari Capital and GVK Davix.
It can become very difficult to decide between two discount brokers who are almost similar in their propositions but still are different in areas that can make or break for customers.
Thus, to make things easy for you, we have listed out the comparison between Upstox and 5Paisa to help you find which of the two suits your needs better. The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
Generally, above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stockbroking firms.
We hope this article helps you to understand which of the two brokers is better for your needs.
Upstox Vs 5Paisa Compare
 |  | |
| Upstox Review | 5Paisa Review | |
| OVERVIEW | ||
| Incorporated In the Year | 2012 | 2015 |
| Number of branches across India | 3 | 2 |
| Exchanges | BSE, NSE, MCX, MCX-SX | BSE, NSE, MCX-SX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹150 | ₹250 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹150 | ₹400 |
| Transaction Charges | Upstox Transaction Charges | 5Paisa Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹0 | ₹10 per executed order |
| Intraday Delivery | ₹20 per executed order | ₹10 per executed order |
| Equity Futures | ₹20 per executed order | ₹10 per executed order |
| Equity Options | ₹20 per executed order | ₹10 per executed order |
| Currency Futures | ₹20 per executed order | ₹10 per executed order |
| Currency Options | ₹20 per executed order | ₹10 per executed order |
| Commodity | ₹20 per executed order | NA |
| Calculate Brokerage | Upstox Brokerage Calculator | 5Paisa Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 20 times Intraday | Upto 15 times for Intraday & Upto 4 times for Delivery |
| Equity Futures | Upto 4 times for Intraday | Upto 2 times for Intraday |
| Equity Options | Upto 4 times for Intraday | Upto 2 times for Intraday |
| Currency Futures | Upto 4 times for Intraday | Upto 2 times for Intraday |
| Currency Options | Upto 4 times for Intraday | Upto 2 times for Intraday |
| Commodities | Upto 3 times for Intraday | NA |
| Margin | 5Paisa Margin | |
| RESEARCH | ||
| Daily Market Reports |  |  |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| Customer Care | 5Paisa Customer Care | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | NEST, Upstox, Upstox Pro | 5Paisa Trade Station, 5Paisa Trader Terminal, 5Paisa Mobile App |
| Total BSE+NSE Complaints %age | 0.08% | 0.06% |
| OVERALL RATING |  |  |
*NSE Complaints Percentage: Lower is this number, Better is the broker.
Before we complete this comparison, we think one quick understanding of brokerage charges is important.
Full-service stockbrokers charge brokerage as a percentage of your trading turnover.
For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.
Discount brokers, on the other hand, charge a flat rate brokerage (could be ₹10, ₹20 etc) irrespective of the trade value.
Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.
Also, check out some of the other stockbroker comparisons you might be interested in.
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with Upstox Vs 5Paisa for the benefits of other readers? Please feel free to share in the comments below. Your experiences can work as learning for others.
Furthermore, in case you are looking to get started with stock market trading or investments in general, let us assist you in taking the next steps forward.
Summary
Reviewer
A Digital Blogger
Date
Broker Name
Upstox Vs 5Paisa
Overall Rating
2 Comments
Upstox has CDSL Transaction charges as hidden charges. This info is not mentioned anywhere in any brokerage calculator or websites accross the web. The charges are very brutal on small volume scrips trading, for eg mid cap Banks like Dhana, UCO,DENA,South etc shares wherein in gain of INR 1/- takes months. If the lot invested is 25 scrips bank, then the profit earned is INR25/- only after keeping the stocks in demat holding for 1 month. Out of this massive profit earned Rs.25/- , Upstox guys smoothly Shave Rs.18.50/- plus 18% GST in the name of “CDSL Transact Chg” and give the investor a huge profit of INR2/- only. Meanwhile CDSL sends SMS for trade charges which shall read INR1/- or Nil depending scrips price & volume!!.
5paisa is the most unprofessional and unreliable. Don’t purchase it’s smart investor account,if you really concern about your money. They have no rules for customer satisfaction, they have rules only for benefit of 5paisa.