Upstox Vs 5paisa – Comparison
We hereby assessed Upstox vs 5Paisa based on all section-wise details which are essential for every investor. In this relative assessment, we focused on the advantages and disadvantages of both the broker for the knowledge of investors.
Upstox is a discount brokerage firm established in 2009 at Mumbai. Formerly it was known as RKSV Securities. This organization is known for its range of trading platform offerings and a wide range of products and services.
On the other hand, 5Paisa is also a discount broker firm centered on Mumbai started in 2016. It is a subsidiary of the famous IIFL group. It charges fewer brokerage charges (flat INR.20/-). Also, offers all the services as a discount broker & won the title of 2nd largest discount broker of India.
- No brokerage charge on equity delivery trading.
- Flat fee-based brokerage fee structure.
- No Trading Account AMC.
- Don’t trade in the commodity, mutual funds, forex, SIP & insurance.
- The concept of Margin Money is not present.
- Facilitate investing through IPOs, NCDs, Bonds & ETF.
- It offers marginal funding based on @18% p.a. interest.
- The trading platform facilitates trading using desktop, laptop & mobile.
- No such thing as brokerage plan.
- Flat fee-based brokerage charge.
- Higher call & trade charge.
Comparison of Organisational Overview:
Based on the legislative overview we have compared Upstox Vs 5Paisa as hereunder. We have assessed here both the brokers considering the company type, broker type, geographical situation of headquarter and the establishment year.
|Broker Category||Discount Broker||Discount Broker|
|Command centre||Mumbai, India||Mumbai, India|
|Creator||Nirmal Jain & |
|Raghu Kumar, |
Ravi Kumar &
Comparison on Customer Ratings:
Comparing Upstox vs 5Paisa based on the consumer ratings on different segments we get the below details. These ratings are derived from various reviews received from the public platforms. It is evident from the below table that in terms of experience & product-services Upstox is leading the position, whereas, 5Paisa is great considering the research news, brokerage fee & trading platform.
|On Experience||4.0 out of 10||5.3 out of 10|
|On Products & Facilities||6.0 out of 10||6.5 out of 10|
|On Brokerage Charges||9.8 out of 10||9.5 out of 10|
|On Stock Research & Advisory||4.0 out of 10||3.0 out of 10|
|On Trading Platforms||7.0 out of 10||6.5 out of 10|
|On Overall Ratings||6.2 out of 10||6.2 out of 10|
Comparison on AOC & AMC:
Comparing Upstox and 5Paisa based on AMC & AOC we get the below details. Here we can see that both the broker offers free trading account AMC, while DEMAT AMC and Account opening is chargeable. Also, both 5Paisa & Upstox don’t have any margin money criteria.
|DEMAT A/c Facilities||5Paisa||Upstox|
|Account Opening Fees||650 Rupees||150 Rupees|
|DEMAT AMC||400 Rupees per Annum||150 Rupees per Annum|
|Margin Money Required||Zero||Zero|
|Offline to Online||No||No|
Comparison of Brokerage Charges:
Considering the brokerage fee offering we have assessed Upstox and 5Paisa as below. Both the broker offers a flat fee-based brokerage plan and minimum brokerage fee. Still the charge of 5Paisa is half of the Upstox charge.
|Brokerage Charge & Fees||5Paisa Brokerage||Upstox Brokerage|
|Equity Delivery Trading||Rs.10||Zero|
|Equity Intraday Trading||Rs.10||Rs.20|
|Commodity Options Trading||NA||Rs.20|
|Equity Futures Trading||Rs.10||Rs.20|
|Equity Options Trading||Rs.10 per Lot||Rs.20 per lot|
|Currency Futures Trading||Rs.10||Rs.20|
|Currency Options Trading||Rs.10 per Lot||Rs.20 per lot|
|Demat AMC Charges||Rs.400 per Annum||Rs.150 per annum|
|Trading AMC Charges||Free||Free|
Comparison of Other Charges:
Comparing Upstox vs 5Paisa based on other transaction charges we get these below details. Here we can see that both brokers share similar charge arrangements excluding the transaction charge. A Transaction charge of 5Paisa is more than Upstox.
|Transaction Charges||0.00325% of Total Turnover||0.00275% of Total Turnover|
|STT||0.0126% of Total Turnover||0.0126% of Total Turnover|
|SEBI Turnover Charges||0.0002% of Total Turnover||0.0002% of Total Turnover|
|Stamp Duty||Depends on State (very minimal)||Depends on State (very minimal)|
|GST||18% of (Brokerage + Transaction Charges)||18% of (Brokerage + Transaction Charges)|
Comparison of Offers & Discount:
From the comparison of Upstox vs 5Paisa we get the below comparison on offers. We here can see that both the broker share similar kinds of offers and discounts.
|Free Demat Account||✖||✖|
|Free Trading Account||✔||✔|
|Discount on Brokerage||✔||✔|
|Trading Happy Hours||✖||✖|
|Flexible Brokerage Plans||✖||✖|
|1 Month Brokerage Free||✖||✖|
|Zero Brokerage for Loss Making Trades||✖||✖|
Comparison on Services Offered:
Comparing 5Paisa vs Upstox based on their service offering we derived the below comparison. So many services like, DEMAT service, IPO service, PMS, trading institution service, are included.
|3 in 1 Account||✖||✖|
|Trading Exposure||Maximum 35x||Maximum 20x|
Comparison of Research & Advisory:
Comparing 5Paisa vs Upstox based on their research report offering we derived the below details. Here we can see in the below table that Upstox doesn’t provide any research support to their investors whereas 5Paisa only offers a report of top picks to their customers.
|Research & Advisory||5Paisa||Upstox|
|Fundamental Reports Service||✖||✖|
|Research Reports Service||✖||✖|
|Company Reports Service||✖||✖|
|Annual Reports Service||✖||✖|
|Company Stock Review Service||✖||✖|
|Free Stock Tips Service||✖||✖|
|IPO Reports Service||✖||✖|
|Top Picks Service||✔||✖|
|Daily Market Review Service||✖||✖|
|Monthly Reports Service||✖||✖|
|Weekly Reports Service||✖||✖|
|Offline Advisory Service||✖||✖|
|Relationship Manager Service||✖||✖|
Comparison of Leverage:
Considering 5Paisa vs Upstox based on segment-wise leverage we get the below details. So many different charges like, equity delivery margin, equity intraday margin, equity futures margin, currency options margin, are included
|Exposure / Leverage||5Paisa||Upstox|
|Equity Delivery||Maximum 5x||Maximum 5x|
|Equity Intraday||Maximum 35x||Maximum 20x|
|Equity Futures||Maximum 8x||Maximum 7x|
|Equity Options||Maximum 12x||Maximum 8x|
|Currency Futures||Maximum 6x||Maximum 5x|
|Currency Options||Maximum 10x||Maximum 6x|
|Commodities||Maximum 10x||Maximum 7x|
Comparison on Products Offering:
Comparing Upstox vs 5Paisa based on their product offering we derived the below assessment. We can see in this below comparison that both the broker shares similar products according to the criteria. The commodity trading facility is absent in both of them.
Comparison on Trading Platform:
As of the trading terminal offering of 5Paisa vs Upstox, we compared them as below. Both broker similar platforms to facilitate the customer regarding hassle-free trading.
|Desktop Platform – Windows||✔||✔|
|Desktop Platform – Mac||✔||✔|
|Desktop Browser Platform||✔||✔|
|Mobile Site Platform||✔||✔|
|Android App Platform||✔||✔|
|iOS App Platform||✔||✔|
|Windows App Platform||✖||✖|
|Other Mobile OS Platform||✖||✖|
|Online MF Buy||✔||✔|
Comparison on Customer Support:
In terms of customer assistance, we here have assessed 5Paisa vs Upstox as below. Both the broker offers similar paths for their customer to assist them. Only Upstox doesn’t offer 24X7 support but 5Paisa does.
|Support Number||89766 89766||022 – 6130 9999|
Comparison of Grievances Handled:
Both 5Paisa and Upstox provide multiple channels to their investors to reach them so that they can assist the customers to solve the issue in a way effective manner. Here we compared 5Paisa vs Upstox based on their customer complaint handling in the below table.
|Complaints (Current Year)||5Paisa||Upstox|
|Lodged in BSE||98||185|
|Resolved in BSE||86||126|
|Lodged in NSE||236||175|
|Resolved in NSE||230||139|
To conclude we can state that both Upstox and 5Paisa are renowned in the stockbroking market but both have their benefit as well as deficiencies. Hence it is difficult to mark one good and other as bad. The customer should choose the broker keeping in mind his inclination and necessities.