Zerodha vs 5Paisa | Broker Comparison

Zerodha vs 5Paisa

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

Zerodha

Zerodha

Active Clients: 68,62,233

Zerodha holds the position of India's top stockbroker, ranking among the largest and most esteemed brokers providing online **flat fee discount brokerage** services for investments in Equity, Currency, Commodity, IPO,...

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...

Side-by-Side Compare Table

Category	Zerodha	5paisa
Basic Details	•Broker Type: Discount broker •Founded: 2010	•Broker Type: Discount broker •Founded: 2016 (5paisa Capital Ltd under IIFL promoter group)
Charges & AMC	•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0	•Account Opening: Rs 0 •Trading AMC: Included in account structure
Brokerage	•Equity Delivery: Rs 0 •Equity Intraday: Flat Rs 20 or 0.03% (whichever is lower)	•Equity Delivery: Rs 20 per trade •Equity Intraday: Rs 20 per trade
Other Charges	•Statutory charges apply across segments: STT, exchange charges, GST, SEBI charges, stamp duty. •DP and depository-side transactional charges apply for applicable sell-side delivery flows.	•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.
Leverage (Margin)	•Intraday leverage can go up to around 20x in selected contexts. •Margin remains subject to segment-wise risk and exchange rules.	•Margin Trading Facility available via 5paisa Pay Later. •MTF funding slabs available with different daily interest rates.
Features	•Market-leading client base and volume share. •Transparent flat-fee pricing model.	•Flat-fee structure across segments. •One app for stocks, derivatives, mutual funds, ETFs, and bonds.
Trading Platforms	•Zerodha Kite (web and mobile) •Coin (mutual funds)	•5paisa Mobile App •5paisa Web / Trader Station
Reviews & Ratings	•Widely regarded as one of the top discount brokers in India. •In this extract, no single combined numeric rating table is displayed.	•Positioned as a low-cost broker for active retail users. •In this source snapshot, no single consolidated numeric overall rating is highlighted.
Investment Options	•Equity •F&O	•Equity •F&O
Order Types Offered	•Standard market, limit, and intraday order flows •Derivatives execution and strategy-linked tools via ecosystem partners	•Regular market orders •Delivery and intraday order flows
Suitable For (Investor Type)	•Investors seeking transparent low brokerage and direct MF investing. •Active traders preferring robust charting/tool ecosystem.	•Cost-conscious traders who prefer flat brokerage. •Users who want one platform for trading and investing products.
Pros and Cons	•Pros: •Zero delivery brokerage and low flat intraday/F&O fees.	•Pros: •Flat Rs 20 pricing model.

Detailed Comparison

Basic Details

Zerodha	5paisa
•Broker Type: Discount broker •Founded: 2010 •SEBI Registration: INZ000031633 •NSE Member Code: 13906 •Net Worth: Rs 14374.75 Cr	•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

Charges & AMC

Zerodha	5paisa
•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0 •Demat AMC: Rs 300 per year	•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)

Brokerage

Zerodha	5paisa
•Equity Delivery: Rs 0 •Equity Intraday: Flat Rs 20 or 0.03% (whichever is lower) •Equity Futures: Flat Rs 20 or 0.03% (whichever is lower) •Equity Options: Flat Rs 20 per executed order •Mutual Funds (direct): Rs 0	•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

Other Charges

Zerodha	5paisa
•Statutory charges apply across segments: STT, exchange charges, GST, SEBI charges, stamp duty. •DP and depository-side transactional charges apply for applicable sell-side delivery flows.	•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.

Leverage (Margin)

Zerodha	5paisa
•Intraday leverage can go up to around 20x in selected contexts. •Margin remains subject to segment-wise risk and exchange rules.	•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.

Features

Zerodha	5paisa
•Market-leading client base and volume share. •Transparent flat-fee pricing model. •Strong ecosystem: Kite, Coin, Varsity, and partner tools.	•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.

Trading Platforms

Zerodha	5paisa
•Zerodha Kite (web and mobile) •Coin (mutual funds) •Ecosystem tools: Streak, Sensibull, Smallcase, and more	•5paisa Mobile App •5paisa Web / Trader Station •5paisa Trade Terminal (desktop)

Reviews & Ratings

Zerodha	5paisa
•Widely regarded as one of the top discount brokers in India. •In this extract, no single combined numeric rating table is displayed.	•Positioned as a low-cost broker for active retail users. •In this source snapshot, no single consolidated numeric overall rating is highlighted.

Investment Options

Zerodha	5paisa
•Equity •F&O •Currency and commodity •IPO, bonds, G-Secs •Direct mutual funds	•Equity •F&O •Currency •Commodities •Mutual Funds (including direct plans) •ETFs and Bonds

Order Types Offered

Zerodha	5paisa
•Standard market, limit, and intraday order flows •Derivatives execution and strategy-linked tools via ecosystem partners	•Regular market orders •Delivery and intraday order flows •Derivatives order support through app/web/terminal

Suitable For (Investor Type)

Zerodha	5paisa
•Investors seeking transparent low brokerage and direct MF investing. •Active traders preferring robust charting/tool ecosystem. •Beginners and advanced users due to education plus platform depth.	•Cost-conscious traders who prefer flat brokerage. •Users who want one platform for trading and investing products. •Traders who need desktop plus mobile workflow.

Pros and Cons

Zerodha	5paisa
•Pros: •Zero delivery brokerage and low flat intraday/F&O fees. •Strong product ecosystem and technology maturity. •Trusted and transparent pricing structure. •Cons: •No branch-heavy assisted full-service model. •Some advanced workflows rely on external integrated tools.	•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.

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.