Upstox, Zerodha, and 5paisa are the top ones in India when it comes to discount brokers. Additionally, all three of them charge a flat brokerage on the intraday trading. Products and services offered by them are almost similar. Let's first know each of the stockbrokers in brief detail.
Upstox Overview
Upstox has over 12.20 lakh clients in India according to data compiled by NSE. Moreover, it is one of the best stock brokers that has many amazing deals. It is suitable for all types of investors and traders. It helps investors for trading at a very low-cost commission. Additionally, it was started in the year 2011 and it is this successful in just a small period.
Zerodha Overview
Zerodha is India’s top no.1 stockbroker that has 24.70 lakh clients according to data by NSE. It was started in the year 2010 and like Upstox is suitable for all types of investors and traders. Moreover, it is the leading stockbroker with low commissions. It is known for its margin rates, customer care support, commissions schedule, and trading platforms.
Zerodha was awarded “the best retail brokerage” in the year 2018 by NSE. Additionally, it provides many services in almost all segments like F&O, Mutual funds, equity, currency, etc. Zerodha mostly focuses on the execution of trades and the platform provided has international standards.
5paisa Overview
5paisa was founded in the year 2005. Additionally, like its competitors, 5paisa gives a simple trading structure that has a flat fee. 5paisa was awarded ‘Best Digital Startup of the Year’. It offers services and tools to their active traders. These tools and services include a mobile application, desktop, and web-based tools for trading. The advantage of using 5paisa is that they provide educational content like infographics and videos to its customers.
Comparison of Upstox, Zerodha, and 5paisa
Head points - Upstox
Type of Broker - Discount Broker
Account Type - Upstox Basic
Head points - Zerodha
Type of Broker - Discount Broker
Account Type - Basic
Head points - 5paisa
Type of Broker - Discount Broker
Account Type - Optimum
Upstox V/s Zerodha V/s 5paisa Charges & AMC
Trading Account Opening Charges - Rs. 249 | Rs. 200 | Rs. 0
Trading Account AMC - Rs. 0 | Rs. 0 | Rs. 0
Demat Account Opening Charges - Rs. 0 | Rs. 0 | Rs. 0
Demat Account AMC - Rs. 300 | Rs. 300 | Rs. 540
Upstox V/s Zerodha V/s 5paisa Brokerage charges
Equity Delivery Brokerage - Rs. 0 (Free) | Rs. 0 | Rs. 20 per order.
Equity Intraday Brokerage - Rs.20 per order executed or 0.05% of the order | whichever is lower 0.03% or Rs. 20 per executed order, whichever is low | Rs. 20 per executed order.
Equity Futures Brokerage - Rs.20 per order executed or 0.05% of the order | whichever is lower 0.03% or Rs. 20 per executed order | whichever is low Rs. 20 per executed order.
Equity Options Brokerage - Flat Rs.20 per order executed | Flat Rs.20 per order executed | Flat Rs.20 per order executed.
Currency Options trading brokerage - Rs. 20 per executed order | 0.03% or Rs. 20 per executed order, whichever is low | Rs.20 per order executed or 0.05% of the order, whichever is lower.
Commodity futures trading brokerage - Rs.20 per order executed or 0.05% of the order, whichever is lower | 0.03% or Rs. 20 per executed order, whichever is low | Rs. 20 per executed order.
Commodity options trading brokerage - Rs. 20 per executed order | 0.03% or Rs. 20 per executed order, whichever is low | Rs.20 per order executed or 0.05% of the order, whichever is lower.
Currency futures trading brokerage - Rs. 20 per executed order | 0.03% or Rs. 20 per executed order, whichever is low | Rs. 20 per executed order.
Tip: You can easily calculate brokerages of respective stock brokers with the help of Select brokerage calculator.
Zerodha brokerage calculator.
Upstox brokerage calculator.
5paisa brokerage calculator.
Upstox V/s Zerodha V/s 5paisa Trading Platform
All three stockbrokers provide a decent and great trading platform. Moreover, here are the trading platforms of each stockbroker explained in brief.
ZerodhaTrading Platforms
1. Kite 3.0 Trading Platform
Kite 3.0 is web-based trading and investment platform of Zerodha. You can access this on your tablet, mobile, laptop, and desktop with internet access. Moreover, the platform offers advanced charting tools, a sleek interface, and a search option for about 90,000+ stocks. There is zero latency available on F&O contracts across stock exchanges like MCX, NSE, and BSE.
2. Kite Mobile
Zerodha’s Kite mobile app is the mini version of the Kite 3.0 platform for trading. It has fingerprint and Face ID features for enhanced security. Moreover, the app helps you to trade and monitor live data from NSE, MCX, and BSE. There are different types of indicators available and the app is speedy for use.
5paisa Trading Platforms
1. 5paisa Trader Station Web platform
5paisa “Trader Station Web” is a compatible version that works in Safari, Firefox, and Chrome. Moreover, it provides a view of all of your positions, portfolio, and holdings.
2. 5paisa App (Mobile Trading App)
5paisa is a mobile application that consists of Robo and research advisory. Moreover, it helps to purchase stocks, currency F&O, mutual funds, and much more.
3. 5paisa Trader Station EXE
5paisa Trader station EXE is a trading platform that can be used on the desktop for advanced traders. Moreover, many amazing and advanced trading tools show accurate data that is happening in real-time. Additionally, there are advanced charts that are used for intraday, and past prices of stock are provided for comparison.
Upstox Trading Platforms
1. Upstox Pro Web
As the name suggests Upstox pro web is a trading platform for in-depth analysis and understanding of the market. Additionally, it has a drag and drop facility with many advanced features. Advanced features like technical indicators and charts for technical analysis, Algo trading, and API integration.
2. Upstox Pro Mobile App
The mobile application is compatible with iOS and Android. It has many advanced tools for tracking and monitoring the markets.
3. Upstox NEST Trader Desktop
NEST trader is a .exe trading platform that is downloadable and for professional traders. It is easily customizable and can operate in multi-monitor mode.
Conclusion
All three stockbrokers have their unique benefits. 5paisa is great for someone who wants to learn and know more about markets. Upstox is for those who want a fast, safe and stable trading platform. Lastly, Zerodha is the most trusted of them all and provides the best customer support.