angel broking

Upstox Vs 5paisa – Two Discount Broker Comparison

angel broking

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. 

Features: 

Upstox: 

  1. No brokerage charge on equity delivery trading. 
  2. Flat fee-based brokerage fee structure.
  3. No Trading Account AMC. 
  4. Don’t trade in the commodity, mutual funds, forex, SIP & insurance. 
  5. The concept of Margin Money is not present.

5Paisa

  1. Facilitate investing through IPOs, NCDs, Bonds & ETF. 
  2. It offers marginal funding based on  @18% p.a. interest. 
  3. The trading platform facilitates trading using desktop, laptop & mobile. 
  4. No such thing as brokerage plan. 
  5. Flat fee-based brokerage charge.
  6. Higher call & trade charge. 
Upstox Vs 5 Paisa Comparison

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. 

Related Post:   Stoxkart Vs Trade Smart Online: Face To Face Comparison Of Two Discount Broker
Particulars5PaisaUpstox
Organization TypePublicPrivate
Broker CategoryDiscount BrokerDiscount Broker
Command centreMumbai, IndiaMumbai, India
CreatorNirmal Jain &
Rajamani Venkataraman
Raghu Kumar,
Ravi Kumar &
Shrinivas Vishvanath
Commencement Year20072009

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. 

Customer Ratings5PaisaUpstox
On Experience4.0 out of 105.3 out of 10
On Products & Facilities6.0 out of 106.5 out of 10
On Brokerage Charges9.8 out of 109.5 out of 10
On Stock Research & Advisory4.0 out of 103.0 out of 10
On Trading Platforms7.0 out of 106.5 out of 10
On Overall Ratings6.2 out of 106.2 out of 10
Star Ratings★★★☆☆★★★☆☆

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 Facilities5PaisaUpstox
Depository ParticipantsCDSLCDSL
Account Opening Fees650 Rupees150 Rupees
DEMAT AMC 400 Rupees per Annum150 Rupees per Annum
Trading AMC FreeFree
Margin Money RequiredZeroZero
Offline to OnlineNoNo

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.

Related Post:   SMC Global Vs SAS Online Comparison - Side by Side Compare
Brokerage Charge & Fees5Paisa BrokerageUpstox Brokerage
Equity Delivery TradingRs.10Zero
Equity Intraday TradingRs.10Rs.20
Commodity Options TradingNARs.20
Equity Futures TradingRs.10Rs.20
Equity Options TradingRs.10 per LotRs.20 per lot
Currency Futures TradingRs.10Rs.20
Currency Options TradingRs.10 per LotRs.20 per lot
Minimum BrokerageRs.10Rs.20
Demat AMC ChargesRs.400 per AnnumRs.150 per annum
Trading AMC ChargesFreeFree
Margin MoneyZeroZero

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.

Other Charges5PaisaUpstox
Transaction Charges0.00325% of Total Turnover0.00275% of Total Turnover
STT0.0126% of Total Turnover0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)Depends on State (very minimal)
GST18% 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. 

Offers5PaisaUpstox
Free Demat Account
Free Trading Account
Discount on Brokerage
Trading Happy Hours
Flexible Brokerage Plans
1 Month Brokerage Free
Holiday Offers
Referral Offers
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.

Related Post:   5Paisa Vs India Bulls Venture (Subh) - Logical Assessment
Services5PaisaUpstox
Demat Services
Trading Services
3 in 1 Account
Intraday Services
IPO Services
Stock Recommendations
Robo Advisory
PMS
Trading Institution
Trading ExposureMaximum 35xMaximum 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 & Advisory5PaisaUpstox
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 / Leverage5PaisaUpstox
Equity DeliveryMaximum 5xMaximum 5x
Equity IntradayMaximum 35xMaximum 20x
Equity FuturesMaximum 8xMaximum 7x
Equity OptionsMaximum 12xMaximum 8x
Currency FuturesMaximum 6xMaximum 5x
Currency OptionsMaximum 10xMaximum 6x
CommoditiesMaximum 10xMaximum 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.

Products5PaisaUpstox
Equity Trading
Commodity TradingNoNo
Currency Trading
Options
Futures
Mutual Funds
Forex
Banking
SIP
Insurance

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. 

Trading Platforms5PaisaUpstox
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
Real-time Updates
Portfolio Details
Online MF Buy
News Flash
Research Reports
Easy Installation
Global Indices
Stock Tips
Personalized Advisory
Interactive Charts
Live Markets
SMS Alerts
Email Alerts
Multi-Account Management

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.

Customer Support5PaisaUpstox
Dedicated Dealer
Offline Trading
Online Trading
24*7 Support
Support Number89766 89766022 – 6130 9999
Email Support
Chat Support
Toll-Free Number
BranchesZeroZero
open 5 paisa demat account

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)5PaisaUpstox
Lodged in BSE98185
Resolved in BSE86126
Lodged in NSE236175
Resolved in NSE230139
Upstox demat account

Conclusion: 

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.

angel broking