Upstox vs Zerodha vs 5paisa: Head to Head Comparison

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

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

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

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

Zerodha

5paisa

Type of Broker

Discount Broker

Discount Broker

Discount Broker

Account Type

Upstox Basic

Basic

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

(manner of charging: Rs.45 per traded month)

Upstox V/s Zerodha V/s 5paisa Brokerage charges 

Equity Delivery Brokerage

Rs. 0 (Free)

Rs. 0

Rs. 20 per order executed

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

 

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. 

Zerodha Trading Platforms

 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.

 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

 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. 

 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.

 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

 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.

 Upstox Pro Mobile App

The mobile application is compatible with iOS and Android. It has many advanced tools for tracking and monitoring the markets.

 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.