5Paisa vs Fyers | Broker Comparison

5Paisa vs Fyers

Side-by-side view of features, pricing context, and platform fit.

5Paisa

5Paisa

Active Clients: 3,43,187

5paisa.com is a prominent online stockbroker providing discounted brokerage services to individual investors in India. 5paisa Capital Ltd is a publicly traded and professionally managed entity founded by IIFL promoter...

Fyers

Fyers

Active Clients: 2,00,780

Established in 2015, Fyers Securities is a Bangalore-based online discount stock brokerage firm. Fyers facilitates trading in Equity Cash, F&O, and Currency Derivatives segments. The term FYERS stands for "Focus Your ...

Side-by-Side Compare Table

Category	5paisa	Fyers
Basic Details	•Broker Type: Discount broker •Founded: 2016 (5paisa Capital Ltd under IIFL promoter group)	•Broker Type: Discount broker •Founded: 2015
Charges & AMC	•Account Opening: Rs 0 •Trading AMC: Included in account structure	•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0 (lifetime as stated)
Brokerage	•Equity Delivery: Rs 20 per trade •Equity Intraday: Rs 20 per trade	•Equity Delivery: Rs 20 or 0.03% (whichever is lower) •Equity Intraday: Rs 20 or 0.03% (whichever is lower)
Other Charges	•Fund transfer charges may apply by mode (for example net banking fee in some cases). •Statutory charges apply separately: STT, exchange charges, GST, SEBI charges, stamp duty.	•Call and Trade: additional charge (referenced as Rs 50/order) •Admin square-off charges may apply for auto close positions.
Leverage (Margin)	•Margin Trading Facility available via 5paisa Pay Later. •MTF funding slabs available with different daily interest rates.	•Margin products include MTF offerings in promotional messaging. •Practical leverage and margin depend on segment, risk, and exchange norms.
Features	•Flat-fee structure across segments. •One app for stocks, derivatives, mutual funds, ETFs, and bonds.	•In-house built trading stack. •Insta Options for strategy building and payoff analysis.
Trading Platforms	•5paisa Mobile App •5paisa Web / Trader Station	•Fyers App (mobile) •Fyers Web
Reviews & Ratings	•Positioned as a low-cost broker for active retail users. •In this source snapshot, no single consolidated numeric overall rating is highlighted.	•Marketed as a low-brokerage technology-first platform. •In this source extract, a single numeric overall rating is not prominently presented.
Investment Options	•Equity •F&O	•Equity cash •F&O
Order Types Offered	•Regular market orders •Delivery and intraday order flows	•Standard equity and derivatives order types •Intraday and delivery order handling
Suitable For (Investor Type)	•Cost-conscious traders who prefer flat brokerage. •Users who want one platform for trading and investing products.	•Active traders focused on low brokerage and platform tools. •Users who prefer in-house charting and options strategy interfaces.
Pros and Cons	•Pros: •Flat Rs 20 pricing model.	•Pros: •Very competitive flat-fee structure.

Detailed Comparison

Basic Details

5paisa	Fyers
•Broker Type: Discount broker •Founded: 2016 (5paisa Capital Ltd under IIFL promoter group) •SEBI Registration: INZ000010231 •NSE Member Code: 14300 •Net Worth: Rs 543.53 Cr	•Broker Type: Discount broker •Founded: 2015 •SEBI Registration: INZ000008524 •NSE Member Code: 90061 •Net Worth: Rs 175.61 Cr

Charges & AMC

5paisa	Fyers
•Account Opening: Rs 0 •Trading AMC: Included in account structure •Demat AMC: Rs 300 yearly (often billed quarterly) •DP Sell Transaction: Rs 20 per scrip (sell side)	•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0 (lifetime as stated) •Demat AMC: Rs 0 (lifetime as stated)

Brokerage

5paisa	Fyers
•Equity Delivery: Rs 20 per trade •Equity Intraday: Rs 20 per trade •Equity Futures: Rs 20 per trade •Equity Options: Rs 20 per trade •Commodity/Currency: Rs 20 per trade across listed segments	•Equity Delivery: Rs 20 or 0.03% (whichever is lower) •Equity Intraday: Rs 20 or 0.03% (whichever is lower) •Futures: Rs 20 or 0.03% (whichever is lower) •Options: Flat Rs 20 per executed order

Other Charges

5paisa	Fyers
•Fund transfer charges may apply by mode (for example net banking fee in some cases). •Statutory charges apply separately: STT, exchange charges, GST, SEBI charges, stamp duty.	•Call and Trade: additional charge (referenced as Rs 50/order) •Admin square-off charges may apply for auto close positions. •Usual statutory charges apply across segments.

Leverage (Margin)

5paisa	Fyers
•Margin Trading Facility available via 5paisa Pay Later. •MTF funding slabs available with different daily interest rates. •Up to around 4x leverage on approved MTF securities.	•Margin products include MTF offerings in promotional messaging. •Practical leverage and margin depend on segment, risk, and exchange norms.

Features

5paisa	Fyers
•Flat-fee structure across segments. •One app for stocks, derivatives, mutual funds, ETFs, and bonds. •Paperless account opening. •Tools like FnO 360 and trading research utilities.	•In-house built trading stack. •Insta Options for strategy building and payoff analysis. •Low-cost fixed brokerage proposition.

Trading Platforms

5paisa	Fyers
•5paisa Mobile App •5paisa Web / Trader Station •5paisa Trade Terminal (desktop)	•Fyers App (mobile) •Fyers Web •Fyers One desktop terminal

Reviews & Ratings

5paisa	Fyers
•Positioned as a low-cost broker for active retail users. •In this source snapshot, no single consolidated numeric overall rating is highlighted.	•Marketed as a low-brokerage technology-first platform. •In this source extract, a single numeric overall rating is not prominently presented.

Investment Options

5paisa	Fyers
•Equity •F&O •Currency •Commodities •Mutual Funds (including direct plans) •ETFs and Bonds	•Equity cash •F&O •Currency derivatives •Mutual funds (direct)

Order Types Offered

5paisa	Fyers
•Regular market orders •Delivery and intraday order flows •Derivatives order support through app/web/terminal	•Standard equity and derivatives order types •Intraday and delivery order handling •Option strategy workflow through Insta Options tools

Suitable For (Investor Type)

5paisa	Fyers
•Cost-conscious traders who prefer flat brokerage. •Users who want one platform for trading and investing products. •Traders who need desktop plus mobile workflow.	•Active traders focused on low brokerage and platform tools. •Users who prefer in-house charting and options strategy interfaces.

Pros and Cons

5paisa	Fyers
•Pros: •Flat Rs 20 pricing model. •Wide product coverage in one account. •Multiple trading platforms and paperless onboarding. •Cons: •Some payment and operational charges can apply depending on usage mode. •Full-service advisory depth is lower than many traditional full-service brokers.	•Pros: •Very competitive flat-fee structure. •Lifetime-free account opening and AMC in listed plan context. •Strong options/trader-focused tooling. •Cons: •Assisted channels (call and trade/admin square-off) add extra charges. •Product breadth is narrower than some full-service bank-backed brokers.

Final Note

Use this side-by-side comparison as a starting point and verify the latest brokerage and compliance details on official broker pages before taking decisions.