Broker comparison

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AttributePaytm Money5Paisa
Brokerage₹20 / Intraday & F&O order0.03% or ₹20 (whichever lower)
TypeDiscount brokerDiscount broker
Account openingFree (₹0)₹99
AMC₹0₹400/yr after the first year
Equity delivery₹00.03% or ₹20
Intraday / F&O₹20 per order0.03% or ₹20
DP charges₹13.5 + GST = ₹15.93₹12.5 per scrip
SEBI registrationINZ000240532INZ000010011
Charges last verified20 Oct 202620 Oct 2026
Our ratingRating 4.4Rating 4.1
Best forPaytm users consolidating investments in one appHigh-value intraday traders
Hidden charges to watchDP charges on sale; no call & trade desk on free tier₹99 opening fee, AMC from year two, DP charges per scrip on sale
SegmentsEquity, F&O, Mutual fundsEquity, F&O, Commodity, Currency
F&O (all segments)₹20 per order₹20 per order
HighlightsPaytm app integration, Stocks & MF in one portfolio, Options chain5paisa app, AlgoBulls, Small case, Research reports
Open accountPaytm Money5Paisa

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