Last updated – 09.01.2021
5paisa and Zerodha are among the best discount brokers in India that offer discounted brokerage. On side, Zerodha is established as biggest discount broker in India on the basis of their customer base.
Other side, 5paisa is emerging service provider know for fastest account opening process and their user friendly mobile app.
For better understanding, let’s compare 5paisa vs Zerodha
5paisa Demat Account Review
5paisa is the cheapest discount broker in India with the lowest brokerage charges. 5paisa offers a flat fee of Rs 10 per trade irrespective of the trade volume.
5Paisa Brokerage Charges
5paisa offers 3 plans – Normal Regular Plan, Power Investor Addon Pack & Ultra Trader Addon Pack.
Brokerage charges are different for different plans as given below.
|Segment||Regular||Power Investor Pack|
|Ultra Trader Pack|
|Stock Delivery||Rs. 20/order||Rs. 10/order||Rs. 10/order|
|Stock Intraday||Rs. 20/order||Rs. 10/order||Rs. 10/order (First 100 trades free every month)|
|Stock F&O||Rs. 20/order||Rs. 10/order||Rs. 10/order|
|Commodity F&O||Rs. 20/order||Rs. 10/order (For Equity options Rs. 2/lot)||Rs. 10/order (For Equity options Rs. 2/lot)|
|Call Trade Charges||Rs. 100/call||Rs. 100/call||Free|
5Paisa Margin Provided
|Equity Intraday Trading||Up to 20x|
|Equity Delivery||Up to 4x|
|Equity Futures Intraday Trading||3.5x|
|Equity Options Intraday Trading||1x|
|Currency Futures Intraday Trading||1 time|
|Currency Options Intraday Trading||1x|
5Paisa Account Opening Charges
- 5paisa charge Rs. 45/month as maintenance charges only in the month they have traded for regular plan
- 5paisa takes Rs. 499/month for the Power Investor Addon Packand Rs. 999/month for the Ultra Trader Addon Pack
- The registration fee to open a Demat account with 5paisa Demat is Rs. 650, which is non-refundable.
I have special offer for my readers to open FREE 5paisa account
5Paisa Trading Platforms
5paisa has four different trading platforms that you can select based on your trading requirements.
#1. 5Paisa Mobile Trading App Review
Around 2 million customers use 5paisa mobile app trading platform. You can use this app for all your trade and invest needs in stocks, mutual fund, commodity, currency, insurance, research, and advisory.
#2. 5Paisa Trade Station Web
Trade Station Web is the browser-based trading platform of 5paisa. This trading platform of 5paisa has an advanced user interface to offer intuitive trading experience.
You can access the Trade Station Web from your laptop, computer, and mobile devices.
#3. Trade Station EXE
Trade Station EXE is a desktop application that can be installed on a computer. This trading platform offers advanced charting, fast and reliable real-time data, and seamless navigation across all investment products.
#4. Algo Trading
Algo Trading is for the experienced and professional trader who knows the risks and rewards in Algo trading. Algo Trading is an automated form of trading that uses your predefined parameters on a computer program to trade on your behalf.
5Paisa Best For
If you are a beginner, 5paisa will be the easiest platform for you to start your trading journey.
5paisa is also suited for traders who want to save money on brokerage charges.
You can enjoy stocks trading, mutual funds investments, insurance and loans all at one place.
- Fast online account opening procedure
- Lowest and fixed brokerage charges
- Free and easy to use trading platforms
- 5paisa doesn’t offer NRI Trading & Demat account
- You have to pay Rs. 100 per call to use call & trade feature of 5paisa
- Low performance during peak hours sometimes
Also check – Complete 5paisa review.
Zerodha Demat & Trading Account Review
Zerodha is the largest discount broker in India, based in Bangalore. Zerodha charges a fixed brokerage of Rs 20 per trade, irrespective of trade volume.
If you are a regular trader, Zerodha can help you to save huge money on brokerage.
Zerodha Brokerage Charges
Zerodha offers Rs 20 per executed order and zero brokerage on stock delivery.
|Equity Delivery||Zero Brokerage|
|Equity Intraday||Rs 20 per executed order or 0.03% whichever is lower|
|Equity Futures||Rs 20 per executed order or 0.03% whichever is lower|
|Equity Options||Rs 20 per executed order|
|Currency Futures & Options||Rs 20 per executed order or 0.03% whichever is lower|
|Commodity F&O||Rs 20 per executed order or 0.03% whichever is lower|
Zerodha Margin Provided
|Equity Delivery||No Margin|
|Equity Intraday||Up to 12.5 x|
|Equity Futures||40% of the normal margin (NRML)|
|Equity Options||No margin on buying, 2.5x on selling|
|Currency Futures||40% of the normal margin (NRML)|
|Currency Options||No margin|
|Commodity||40% of the normal margin (NRML)|
Zerodha Account Opening Charges
Zerodha account opening charges are as below-
- Equity trading account – Rs. 200
- Commodities account – Rs. 100
- Annual Maintenance Charges – Rs 75 per quarter (Rs. 300 annually)
Zerodha Trading Platforms
Kite is a web-based trading platform that has powerful features like advanced charting, and real-time widgets.
You can search across 90,000+ stocks across multiple exchanges instantly. You get multiple MarketWatch and live market depths up to level-3.
This trading platform is free for all users.
Zerodha provides you a central dashboard “Console” to manage different account activities such as adding bank, insights about your trades and investments with in-depth reports and visualizations.
You can also retrieve the history of your stocks trade from the day of acquisition. You can download your contract notes at the end of the day and even apply for IPO using UPI right through the Console.
Zerodha Coin is a direct mutual fund platform. Coin offers mutual funds directly. You don’t have to pay a commission while buying funds.
You can use the “Coin” app on your smartphone to invest in mutual funds from anywhere.
#4. Kite Mobile App
Kite Mobile is the Android and iOS app for Zerodha users, one of the most advanced trading mobile apps.
Kite Mobile provides live streaming data from BSE, NSE, and MCX.
70% of Zerodha users trade through Kite Mobile App.
Sentinel is a cloud-based price alerting tool for the users. You will get alerts on stocks, futures and options, bonds, and commodities for free. You can even set alerts for 80,000+ stocks, bonds, commodities, F&O contracts.
Also Read – How to open Zerodha Account.
If you are a regular trader who needs low brokerage charges, Zerodha can be your choice.
- Best trading platforms and tools in the trading industry
- No hidden charges
- Best discount broker in India with a huge number of clients
- Fixed and low brokerage fee
- Low call and trade charges
- Server gets hung during peak hours
Also check – Complete Zerodha review
5paisa Vs Zerodha (comparison table)
#1. General Comparison
|Brokerage Plans||Rs 10 to Rs. 20 per executed order varies plan-wise||Rs. 20 per executed order or 0.03% whichever is lower|
|Call & Trade Charge||Rs 100 per call||Rs 20 per executed trade|
|Supported Exchange||NSE, BSE||NSE, BSE, MCX, NCDEX|
|Trading Account Opening Charge||Rs. 650||Rs. 300|
|Demat Account Opening Charge||Free||Rs. 100|
|Trading Account AMC||Free||Free|
|Demat Account AMC||Rs. 400||Rs. 300|
|Customer Support||4 / 5 rating||4.5 / 5 rating|
#2. 5paisa Vs Zerodha Brokerage Charges
|Equity Delivery ||Zero brokerage to Rs. 20 per executed order varies plan-wise||Free|
|Equity Intraday||Rs 10 to Rs. 20 per executed order varies plan-wise||0.03% or Rs. 20 whichever is lower|
|Equity Futures||Rs 10 to Rs. 20 per executed order varies plan-wise||0.03% or Rs. 20 whichever is lower|
|Equity Options||Rs 10 to Rs. 20 per executed order varies plan-wise||Flat Fee Rs. 20|
|Currency Futures||Rs 10 to Rs. 20 per executed order varies plan-wise||0.03% or Rs. 20 whichever is lower|
|Currency Options||Rs 10 to Rs. 20 per executed order varies plan-wise||Flat Fee Rs. 20|
|Commodity Trading||Rs 10 to Rs. 20 per executed order varies plan-wise||Flat Fee Rs. 20|
#3. 5paisa Vs Zerodha Account Features
|3 in 1 Account||No||No|
#4. 5paisa Vs Zerodha Trading Platforms
|Web Trading platform||Yes||Yes|
#5. 5paisa Vs Zerodha Margin / Leverage
|Margin / Leverage||5paisa||Zerodha|
|Equity Delivery||Up to 4x||No|
|Equity Intraday||Up to 20x||Up to 12.5x|
|Equity Futures||3.5x||40% of NRML Margin|
|Equity Options||1x||Zero on buying, 2.5x on selling|
|Currency Futures & Options||1x||40% of NRML Margin|
|Commodity F&O||Nil||40% of NRML Margin|
#6. 5paisa Vs Zerodha Order Types
|AMO-After Market Orders||Yes||Yes|
|GTC-Good Till Cancelled||Yes||Yes|
You can open 5 Paisa account if you want to save a huge on your brokerage charges by paying flat fee of Rs. 10.
But if you are experienced trader and want robust trading platform then open Zerodha Account.