Broker comparison
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| Attribute | Upstox | 5Paisa |
|---|---|---|
| Brokerage | ₹20 / Intraday & F&O order | 0.03% or ₹20 (whichever lower) |
| Type | Discount broker | Discount broker |
| Account opening | Free (₹0) | ₹99 |
| AMC | ₹0 | ₹400/yr after the first year |
| Equity delivery | ₹0 | 0.03% or ₹20 |
| Intraday / F&O | ₹20 per order | 0.03% or ₹20 |
| DP charges | ₹18.5 per scrip | ₹12.5 per scrip |
| SEBI registration | INZ000185137 | INZ000010011 |
| Charges last verified | 20 Oct 2026 | 20 Oct 2026 |
| Our rating | Rating 4.5 | Rating 4.1 |
| Best for | Chartists and algo traders wanting a low-cost API | High-value intraday traders |
| Hidden charges to watch | DP charges per scrip on sale; call & trade ₹25 per order; API fees beyond the free tier | ₹99 opening fee, AMC from year two, DP charges per scrip on sale |
| Segments | Equity, F&O, Commodity, Currency, Mutual funds | Equity, F&O, Commodity, Currency |
| F&O (all segments) | ₹20 per order | ₹20 per order |
| Highlights | Upstox Pro web, Coins & MF, Option chain analytics, Open API | 5paisa app, AlgoBulls, Small case, Research reports |
| Open account | Upstox | 5Paisa |
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