5Paisa vs Upstox | Broker Comparison

5Paisa vs Upstox

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...

Upstox

Upstox

Active Clients: 20,36,413

Upstox is a technologically advanced low-cost brokerage firm in India, offering trading services in equities, commodities, currency, futures, and options via web and mobile platforms. Upstox has received investment fr...

Side-by-Side Compare Table

Category	5paisa	Upstox
Basic Details	•Broker Type: Discount broker •Founded: 2016 (5paisa Capital Ltd under IIFL promoter group)	•Broker Type: Discount broker •Founded: Legacy RKSV/Upstox retail broking entity
Charges & AMC	•Account Opening: Rs 0 •Trading AMC: Included in account structure	•Account Opening: Rs 0 •Demat AMC: Rs 150 per year (first-year concessions may apply in offers)
Brokerage	•Equity Delivery: Rs 20 per trade •Equity Intraday: Rs 20 per trade	•Equity Delivery: Rs 20 or 2.5% (whichever is lower) •Equity Intraday: Rs 20 or 0.05% (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: Rs 20 per executed order •Instant money transfer fee and physical statement fees may apply
Leverage (Margin)	•Margin Trading Facility available via 5paisa Pay Later. •MTF funding slabs available with different daily interest rates.	•Margin/leverage is segment specific and governed by exchange/risk policies. •Delivery generally follows full margin and intraday can provide lower upfront margins.
Features	•Flat-fee structure across segments. •One app for stocks, derivatives, mutual funds, ETFs, and bonds.	•Digital-first execution with mobile/web stack. •Strong derivatives support and low brokerage positioning.
Trading Platforms	•5paisa Mobile App •5paisa Web / Trader Station	•Upstox Pro web platform •Upstox mobile app
Reviews & Ratings	•Positioned as a low-cost broker for active retail users. •In this source snapshot, no single consolidated numeric overall rating is highlighted.	•Commonly viewed as low-cost, trader-friendly platform. •In this extract, no final single consolidated numeric rating table is shown.
Investment Options	•Equity •F&O	•Equity •F&O
Order Types Offered	•Regular market orders •Delivery and intraday order flows	•Standard market and limit orders •Delivery/intraday/F&O execution flows
Suitable For (Investor Type)	•Cost-conscious traders who prefer flat brokerage. •Users who want one platform for trading and investing products.	•Cost-sensitive active traders. •App-first users who want strong F&O workflow.
Pros and Cons	•Pros: •Flat Rs 20 pricing model.	•Pros: •Competitive low-cost brokerage model.

Detailed Comparison

Basic Details

5paisa	Upstox
•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: Legacy RKSV/Upstox retail broking entity •SEBI Registration: INZ000315837 •NSE Member Code: 13942 •Net Worth: Rs 839.83 Cr

Charges & AMC

5paisa	Upstox
•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)	•Account Opening: Rs 0 •Demat AMC: Rs 150 per year (first-year concessions may apply in offers) •App/web platform model with low-cost pricing

Brokerage

5paisa	Upstox
•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 2.5% (whichever is lower) •Equity Intraday: Rs 20 or 0.05% (whichever is lower) •Equity Futures: Rs 20 or 0.05% (whichever is lower) •Equity Options: Flat Rs 20 per order •Currency/Commodity: Similar low-cost flat-fee pattern as per segment tables

Other Charges

5paisa	Upstox
•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: Rs 20 per executed order •Instant money transfer fee and physical statement fees may apply •DP sell charges and statutory charges are additional

Leverage (Margin)

5paisa	Upstox
•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/leverage is segment specific and governed by exchange/risk policies. •Delivery generally follows full margin and intraday can provide lower upfront margins.

Features

5paisa	Upstox
•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.	•Digital-first execution with mobile/web stack. •Strong derivatives support and low brokerage positioning. •Direct mutual fund access with zero commission.

Trading Platforms

5paisa	Upstox
•5paisa Mobile App •5paisa Web / Trader Station •5paisa Trade Terminal (desktop)	•Upstox Pro web platform •Upstox mobile app

Reviews & Ratings

5paisa	Upstox
•Positioned as a low-cost broker for active retail users. •In this source snapshot, no single consolidated numeric overall rating is highlighted.	•Commonly viewed as low-cost, trader-friendly platform. •In this extract, no final single consolidated numeric rating table is shown.

Investment Options

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

Order Types Offered

5paisa	Upstox
•Regular market orders •Delivery and intraday order flows •Derivatives order support through app/web/terminal	•Standard market and limit orders •Delivery/intraday/F&O execution flows •Call-and-trade assisted execution

Suitable For (Investor Type)

5paisa	Upstox
•Cost-conscious traders who prefer flat brokerage. •Users who want one platform for trading and investing products. •Traders who need desktop plus mobile workflow.	•Cost-sensitive active traders. •App-first users who want strong F&O workflow. •Investors needing discount pricing across major segments.

Pros and Cons

5paisa	Upstox
•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: •Competitive low-cost brokerage model. •Broad segment coverage across equity, derivatives, commodity, and currency. •Free account opening and strong digital onboarding. •Cons: •Assisted services add extra charges. •Some advanced full-service advisory expectations may not be met.

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.