5 Paisa brokerage vs Zerodha both the companies are leading Brokers in the Indian Market. The companies are leading with the services and charges they provide. This article will give you a complete insight into the 5 Paisa vs Zerodha broker comparisons.
- 5 Paisa
- Zerodha
- Let us compare 5 Paisa Vs Zerodha
- 5 paisa Vs Zerodha Charges & AMC
- 5 Paisa vs Zerodha brokerage charges & Plans
- 5 Paisa brokerage vs Zerodha Plan 2
- 5 Paisa brokerage vs Zerodha Plan 3
- 5 paisa Charges Vs Zerodha
- 5 paisa Vs Zerodha Transaction Charges
- Zerodha vs 5 Paisa Leverage (Margin)
- Compare 5 paisa vs Zerodha Features
- 5 paisa Vs Zerodha Review
- 5 paisa Vs Zerodha Investment Options
- 5 paisa Vs Zerodha Order Type Offered
- 5 paisa Vs Zerodha Research Report
- 5 paisa Vs Zerodha Suitable For Investor Type
- Zerodha vs 5 Paisa – Pros and Cons
5 Paisa
5 paisa is one of the leading online stock brokers that offer discount brokerage services to retail investors in India. It is one of the companies professionally managed by IIFL founders. With over a 1.2+ million client base the company is offering low brokerage on the services they provide. They make trading services in different segments like equity, commodity, and currency at BSE, NSE, and MCX. 5 Paisa is a flat-rate discount stockbroker who charges around a flat 20 Rs brokerage irrespective of the size of the trade, segment, or exchange. 5 paisa …
Zerodha
Zerodha is India’s number 1 leading stockbroker. They have flat fee discount brokerage services. The company deals in different sectors like Equity, Currency, Commodity, IPO, and Direct Mutual Funds. Zerodha. The brokerage is flat Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. The company Zerodha offers the maximum brokerage you pay for any transaction can go up to is Rs 20 for an order (of any size, amount, or segment).
Let us compare 5 Paisa Vs Zerodha
The company 5 Paisa was incorporated in 1996, and came out as a discount broker. The company offers trading in different segments like NSE, and BSE. They have around 900 branches across India.
Zerodha Was incorporated in 2010 as a Discount Broker. They offer to trade at NSE, BSE, MCX, and NCDEX. They have around 22 branches all over India.
| 5 paisa | Zerodha | |
| Type of Broker | Discount Broker | Discount Broker |
| Exchange Membership | NSE, BSE | NSE, BSE, MCX, and NCDEX |
| Year of Incorporation | 1996 | 2010 |
| Number of Branches | 900 | 22 |
5 paisa Vs Zerodha Charges & AMC
The 5 paisa trading account opening charges in rupees zero on the other hand the account opening charges of Zerodha is rupees 200. Also, the AMC charges for both the companies are 5 paisa Demat Account AMC Charges is Rs 540 on the other hand Zerodha Demat Account AMC Charges is Rs 300.
| 5 paisa | Zerodha | |
| Trading Account Opening Charges | Rs 0 (Free) | Rs 200 |
| Trading Account AMC Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 |
| Demat Account AMC Charges | Rs 540 | Rs 300 |
5 Paisa vs Zerodha brokerage charges & Plans
The charges for the 5 Paisa brokerage vs Zerodha is quite similar to each other. 5 Paisa brokerage charges for equity are around Rs 20 per executed order and intraday is Rs 20 per executed order. Contrary to this Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or 0.03% whichever is lower.
| 5 paisa | Zerodha | |
| Account Type | Standard Plan | Flat Brokerage Plan |
| Fixed Charges | NA | |
| Equity Delivery | Rs 20 per executed order | Rs 0 (Free) |
| Equity Intraday | Rs 20 per executed order | Rs 20 per executed order or .03% whichever is feasible |
| Equity Futures | Rs 20 per executed order | Rs 20 per executed order or .03% whichever is feasible |
| Equity Options | Rs 20 per executed order | Rs 20 per executed order |
| Currency Futures | Rs 20 per executed order | Rs 20 per executed order or .03% whichever is feasible |
| Currency Options | Rs 20 per executed order | Rs 20 per executed order or .03% whichever is feasible |
| Commodity Futures | Rs 20 per executed order | Rs 20 per executed order or .03% whichever is feasible |
| Commodity Options | Rs 20 per executed order | Rs 20 per executed order or .03% whichever is feasible |
5 Paisa brokerage vs Zerodha Plan 2
This is another plan for 5 Paisa vs Zerodha brokerage charges. Here you will find the difference in the Intraday brokerage taken by Zerodha vs 5 Paisa.
| 5 paisa | Zerodha | |
| Account Type | Power Investor Pack | Flat Brokerage Plan |
| Fixed Charges | Rs 499 per month | |
| Equity Delivery | Rs 10 per executed order | Rs 0 (Free) |
| Equity Intraday | Rs 10 per executed order | Rs 20 per executed order or .03% whichever is feasible |
| Equity Futures | Rs 10 per executed order | Rs 20 per executed order or .03% whichever is feasible |
| Equity Options | Rs 2 per lot | Rs 20 per executed order |
| Currency Futures | Rs 10 per executed order | Rs 20 per executed order or .03% whichever is feasible |
| Currency Options | Rs 10 per executed order | Rs 20 per executed order or .03% whichever is feasible |
| Commodity Futures | Rs 10 per executed order | Rs 20 per executed order or .03% whichever is feasible |
| Commodity Options | Rs 10 per executed order | Rs 20 per executed order or .03% whichever is feasible |
5 Paisa brokerage vs Zerodha Plan 3
This is the last plan of the brokerage charged by Zerodha vs 5 Paisa.
| 5 paisa | Zerodha | |
| Account Type | Ultra Trader Pack | Flat Brokerage Plan |
| Fixed Charges | Rs 999 per month | |
| Equity Delivery | Rs 0 (Free) | Rs 0 (Free) |
| Equity Intraday | Rs 10 per executed order | Rs 20 per executed order or .03% whichever is feasible |
| Equity Futures | Rs 10 per executed order | Rs 20 per executed order or .03% whichever is feasible |
| Equity Options | Rs 2 per executed lot | Rs 20 per executed order |
| Currency Futures | Rs 10 per executed order | Rs 20 per executed order or .03% whichever is feasible |
| Currency Options | Rs 10 per executed order | Rs 20 per executed order or .03% whichever is feasible |
| Commodity Futures | Rs 10 per executed order | Rs 20 per executed order or .03% whichever is feasible |
| Commodity Options | Rs 10 per executed order | Rs 20 per executed order or .03% whichever is feasible |
5 paisa Charges Vs Zerodha
| 5 Paisa | Zerodha | |
|---|---|---|
| Minimum Brokerage | Rs 20 per trade | 0.03% in Intraday and F&O |
| Other Charges | Nil | Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS |
| Call & Trade Charges | Rs 100 per call (any number of trades in a call) | Rs 50 per executed order |
5 paisa Vs Zerodha Transaction Charges
| 5 paisa | Zerodha | |
| Equity Delivery | Rs 325 per crore (0.00325%) | NSE Rs 345 per Cr (0.00345%) on other hand BSE Rs 300 per Cr (0.003%) (each side) |
| Equity Intraday | Rs 325 per crore (0.00325%) | NSE Rs 345 per Cr (0.00345%) on other hand BSE Rs 300 per Cr (0.003%) (each side) |
| Equity Futures | Rs 190 per crore (0.0019%) | NSE Rs 200 per Cr (0.002%) |
| Equity Options | Rs 5000 per crore (0.05%) (on premium) | NSE Rs 5300 per Cr (0.053%) (only on premium) |
| Currency Futures | Rs 190 per crore (0.0019%) | NSE Rs 90 per Cr (0.0009%) on other hand BSE Rs 22 per Cr (0.00022%) |
| Currency Options | Rs 5000 per crore (0.05%) (on premium) | NSE Rs 3500 per Cr (0.035%) on other hand BSE Rs 100 per Cr (0.001%) (on premium) |
| Commodity | Grp A: 0.0026% | Group A – Rs 260 per Cr (0.0026%) |
Zerodha vs 5 Paisa Leverage (Margin)
The leverage margin has quite a difference in Zerodha vs 5 Paisa. The margin of the intraday in the 5 paisa is around 6 times the trade value based on the volatility of the stock. Contrary to this the Zerodha margin for intraday cash is up to 6x of the trade value based on the stock.
| 5 paisa | Zerodha | |
| Equity Delivery | 1x (no margin) | 1x (no margin) |
| Equity Intraday | Up to 6x (based on the stock) | Up to 6x (based on the stock) |
| Equity F&O | Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure) | Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure) |
| Currency Futures | Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure) | Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure) |
| Commodity Futures | Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure) | Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure) |
Compare 5 paisa vs Zerodha Features
The platform offered by the company 5 paisa to trade is 5 paisa Trade Station (Web, Mobile App, and EXE). On the other hand, Zerodha has Kite Web, Kite Mobile for Android/iOS, and Coin trading software.
| 5 paisa | Zerodha | |
| 3 in 1 Account | NO | NO |
| Charting | YES | YES |
| Automated Trading | NO | YES |
| SMS Alerts | YES | NO |
| Online Demo | YES | YES |
| Online Portfolio | YES | NO |
| Margin Trading Funding | YES | NO |
| Margin Against Shares (Equity Cash) | YES | YES |
| Margin Against Shares (Equity F&O) | YES | YES |
| Trading Platform | It has 5 paisa Trade Station (Web, Mobile App and EXE) | Kite Web, Kite Mobile for Android/iOS and Coin |
| Intraday Square-off Time | Optimum Plan: 3:10 PM, Platinum Plan: 3:20 PM | Eq Cash: 3:15 PM for Eq F&O : 3:25 PM | Currency: 4:45 PM For Commodities: 25 min before close |
| Other Features | Direct Mutual Funds, APIs for Algo Trading | |
| Referral Program | YES |
5 paisa Vs Zerodha Review
Application ratings of both companies are given below. For the company 5 Paisa it is rated 2.6 of 5 based on 83 customer reviews. On the other hand, Zerodha is rated 3.7 of 5 based on 439 customer reviews.
| 5 paisa | Zerodha | |
| Fees | 3/5 | 3.7/5 |
| Brokerage | 3.7/5 | 3.4/5 |
| Trading Platform | 2.7/5 | 3.6/5 |
| Customer Service | 2.1/5 | 3.4/5 |
| Research Capabilities | 2.2/5 | 2.7/5 |
| Overall Ratings | 2.6/5 | 3.7/5 |
| Broker Rating | 5 paisa is rated 2.6 of 5 based on 83 customer reviews | Zerodha is rated 3.7 of 5 based on 439 customer reviews |
5 paisa Vs Zerodha Investment Options
| 5 paisa | Zerodha | |
| Stock / Equity | YES | YES |
| Commodity | YES | YES |
| Currency | YES | YES |
| IPO | YES | YES |
| Mutual Funds | YES | YES |
| Bond / NCD | YES | NO |
| Debt | YES | NO |
| Other Investment Options | Mutual Funds, Insurance |
5 paisa Vs Zerodha Order Type Offered
| 5 paisa | Zerodha | |
| Bracket Order | YES | NO |
| Cover Order | YES | YES |
| Buy Today Sell Tomorrow (BTST) | YES | YES |
| Sell Today Buy Tomorrow (STBT) | YES | NO |
| After Market Order(AMO) | YES | YES |
| Good Till Cancelled (GTC) | YES | YES |
5 paisa Vs Zerodha Research Report
| 5 paisa | Zerodha | |
| Daily Market Report | NO | NO |
| Free Tips | NO | NO |
| Quarterly Result Analysis | NO | NO |
| News Alerts | NO | NO |
5 paisa Vs Zerodha Suitable For Investor Type
| 5 paisa | Zerodha | |
| Casual Investor | No | YES |
| Active Investor | YES | YES |
| Trader | YES | YES |
Zerodha vs 5 Paisa – Pros and Cons
| 5 paisa | Zerodha | |
| Pros | The flat fee brokerage is provided by the company. The price for the brokerage per order is Rupees 20 per executed order. The prices are applicable for any size trade. They have their own free trading software which includes the 5 Paisa mobile app and also the trading terminal. They have free brokerage for direct mutual funds. | With the title of India’s No. 1 broker, they have a huge active client base. Also, the exchange volume is the maximum. One of the safe, reliable, and most technologically advanced brokers in India. They also give the flat fee brokerage. The clients can deal in different segments and exchanges (BSE, NSE, MCX). The company offers free equity delivery trades. Also, there are No brokerage charges for Cash-N-Carry orders. The charges of brokerage are Rs 20 per trade for all other segments. They have an excellent platform for trading named Kite available for free. You can easily invest in a Direct Mutual Fund. Also, there is the availability of Good Till Triggered (GTT) orders. These ones are quite similar to GTC orders. Also, the NRI Trading account is available. |
| Cons | The charges for the call and trade exceed upto rupees 100 per call. The additional brokerage is charged too. There are no limits to the number of trades that can be placed in one call. Research and advisory are available at extra cost. They have higher exchange turnover charges in comparison to other popular discount stock brokers. Also, there is no availability of NRI Trading and Demat Accounts. | They do not provide stock tips, research, and recommendations. The call and trade charges are upto Rupees 50 per order executed. There is an auto Square off which is charged at an extra Rs 50 per order. They don’t offer a 3-in-1 account. Also, they don’t offer monthly unlimited trading plans. The company doesn’t offer an AMC Free Demat account. There is No margin funding. |
| Promo / Offers | The company has come up with a Limited Time Offer which is Free Account Opening (Rs 650 waived) Also, there are offers on Opening a 5 paisa Trading Account and get Free Trading, Demat and Mutual Fund Account + FREE 1st year Demat AMC + Trade at flat Rs 20 per order. | They offer the client with Free Equity Delivery Trading and Mutual Funds Brokerage-free and Equity Delivery The brokerage for every segment including Intraday & F&O is Rupees 20. The brokerage is free for Direct Mutual Fund investment. Also, it is one of the best trading platforms. |
Frequently Asked Questions
1. Which one is the better platform Zerodha vs 5 Paisa?
Both the companies Zerodha and 5 Paisa are the best discount brokers. Currently, Zerodha is leading the market with the most active client base.
- Zerodha is superior when it comes to its trading platform. The Kites by Zerodha are much more efficient.
- The company doesn’t charge when you call for customer care services. They will charge when you call for the trading services. On the other hand, 5 Paisa will charge you with rupees 100 even if the error is based on their side.
- The company has a clear vision which is proven by the growth they have come along.
- Also, it is a debt-free company.
- The company is more profitable. It accounts for its profitability from day 1 of its service on the contrary 5 paisa is yet to show the gain.
Here’s a comparison between the two on a few major points:
Zerodha Vs 5 paisa
| Consideration | Zerodha | 5 paisa |
| Incorporation | 2010 | 1996 |
| Exchange Supported | NSE, BSE, MCX, NCDEX | NSE, BSE, MCX, NCDEX |
| Minimum Brokerage | Rs 0 on equity delivery per executed order | Rs 10 per executed |
| Trading Account Opening Fees | Rs 200 | Rs 650 |
| Demat Account AMC | Rs 300 yearly | Rs 540 yearly |
| Trading Platform | Kite Web, Kite Android/iOS, Pi, Coin, Kite mobile | 5 paisa Trade Station |
| Research Services | No | Yes (at extra cost) |
| Customer Service Call | Rs 0 | Rs 100 per call |
| Call & Trade | Rs 50 per executed order | Rs 100 per executed order |
2. Which one is a better platform for frequent traders 5 Paisa vs Zerodha?
If you are someone who is into casual trading and have frequent market visits then Zerodha is a better platform that comes with the online better pricing, trading platform, online tools, customer service, learning tools, and overall better experience in comparison to 5 paisa. The services offered by both the companies are almost similar; they both offer trading in equity, commodity and currency on BSE, NSE, and MCX, Demat account with CDSL and direct mutual funds.
Zerodha offers research and advisory services for free whereas 5 paisa offers these services but they are paid.
5 Paisa Vs Zerodha Demat Account Opening Charges
| 5 paisa | Zerodha | |
| Demat Account Opening Fee | Nil | ₹50 (Stamp charges payable upfront) |
| Demat Account AMC | ₹540 (Charged as ₹45 per traded month) | Non-Individual |
| Advance Deposit | Nil | ₹0 |
5 paisa Vs Zerodha Demat Charges
| 5 paisa | Zerodha | |
| Dematerialization Charges | ₹15 per certificate + ₹40 as postal charges | ₹150 per certificate (+ ₹100 Courier charges) |
| Rematerialization Charges | ₹15 per certificate or ₹15 for every 100 securities or part thereof whichever is higher + ₹40 for courier | ₹150 per certificate + CDSL charges + ₹100 Courier charges |
| Transaction Charges (Debit or Sell) | ₹12.50 per transaction per script | Market Trades: ₹13.5 + GSTOff-Market Trades: 0.03% of ₹25 whichever is higher + GST |
| Pledge Creation Charges | ₹50 | ₹30 per request + GST |
| Pledge Creation Confirmation Charges | Nil | ₹0 |
| Pledge Invocation Charges | Nil | ₹20 |
| Failed Instruction Charges | Nil | ₹50 per ISIN |
| Other Charges | Postal Charges: ₹40 | Cheque Bounce: ₹350Physical Statement – ₹50 (+Courier charges at actual)Modification in CML – ₹25 per requestKRA Upload / Download – ₹50 per request |
No, there are no such hidden charges in 5 Paisa. They charge the amount of Rs 20 per executed order brokerage for stock trading and Rs 10 per executed order brokerage for mutual funds. They also charge an amount of Rs 540 per year as Demat AMC* and Demat transaction charges.
4. Which one Zerodha Vs 5 Paisa has a bigger client base?
Both the companies have almost a good number of active client bases but Zerodha is the leading stockbroker with the most numbers of active clients which are around 36+ lakhs.
5. Does 5 Paisa come under CSDL or NSDL?
5 Paisa is the DP (depository participant) of the CDSL which is one of the two central depositories in India
You can also check our detailed article on the best trading apps in India and best trading platform in India
