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5paisa Vs Groww Vs ProStocks: Which one is better?

The brokerage of 5paisa ranges between Rs 20, the brokerage of Groww ranges between Rs 20, while the brokerage of ProStocks ranges between Rs 15. All 3 brokers are discount brokers. Overall rating for 5paisa is 4, Groww is rated 4, ProStocks is rated 4 out of 5.

Here we present side-by-side comparison of 5paisa vs Groww vs ProStocks stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared 5paisa vs Groww vs ProStocks on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better 5paisa vs Groww vs ProStocks in this setion with 360 degree view of broker information.

Compare 5paisa vs Groww vs ProStocks on Service

  5paisa Compare
5paisa
Groww Compare
Groww
ProStocks Compare
ProStocks
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Discount Broker Discount Broker Discount Broker
Exchanges Supported BSE, NSE, MCX, NCDEX NSE, BSE NSE, BSE
Broker Overview 5paisa is the fastest-growing discount brokerage firms in India with a highly competitive pricing model, Rs. 0 commission on mutual fund investment, powerful in-house trading platforms across web, app, & desktop, and Robo Advisory platform. Its m... Know more about 5paisa Groww is the top broker for beginners to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee! Also, its easy-to-use, crystal clear user interface, and safe & secure Groww app and web-based platform makes investing hassl...Know more about Groww Best discount broker for high-volume active traders as well as everyday investors. Zero brokerage monthly trading plans at just Rs. 899 (equity and equity derivatives), Rs. 499 (currency trading), and ultra-fast ProStocks Desktop terminal makes it an... Know more about ProStocks
Broker Enquiry Request call back from 5paisa Request call back from Zerodha Request call back from ProStocks
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Account Opening Charges and AMC

Compare 5paisa vs Groww vs ProStocks on Trading & Demat Account Opening Charges

In this section we have compared 5paisa vs Groww vs ProStocks on trading & demat account opening charges and AMC. Trading account opening charges - All 3 brokers offers Free Trading account opening. Demat AMC charges - 5paisa charges Rs 300 PA as AMC for Demat account, Groww charges Free AMC for Demat account, where ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare 5paisa vs Groww vs ProStocks
Charges 5paisa Groww ProStocks
Trading Account Opening Fees Free Free Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 300 PA Free Rs 0 (Rs 1000 Refundable Deposit)
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare 5paisa vs Groww vs ProStocks on Plan Options

Plans are the most important feature you look when compare 5paisa vs Groww vs ProStocks. This section copare on high level about type of plans offered by brokers. Miltiple Plans - 5paisa and ProStocks offers Multiple Plans where Groww doesn't offer. Monthlay Plans - ProStocks offers Monthy Plans where 5paisa and Groww doesn't offer.

Compare 5paisa vs Groww vs ProStocks on Plan Options
Plan Types 5paisa Groww ProStocks
Multiple Plans Yes No Yes
Monthly Plans No No Yes
Yearly Plans No No Yes
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Account Opening Request

Account Opening

  5paisa Zerodha ProStocks
Account Opening Request
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Brokerage Charges

Compare 5paisa vs Groww vs ProStockson Brokerage Charges

5paisa Brokerage Plan detail - 5paisa is a discount broker, which charges a flat fee of Rs 20 per executed order for Equity Cash, Equity F&O, Currency & Commodities. This is the lowest brokerage plan offered by the best brokerage house in India.

Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.

ProStocks Brokerage Plan detail - Free Delivery Trading, Rs 15, per trade-in any other segment, fix price, no worries of volume and size of a trade. NO PCM FEE.

Brokerage Charges - Compare 5paisa vs Groww vs ProStocks
Brokerage Charges Compare 5paisa Groww ProStocks
Plan Name Basic Plan Flat Brokerage Plan Flat Fee Rs 15 Trading Plan
Equity Delivery Flat Fee Rs 20 0.05% or Rs 20 whichever is lower Free
Equity Intraday Flat Fee Rs 20 0.05% or Rs 20 whichever is lower Flat Fee Rs 15
Equity Futures Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 15
Equity Options Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 15
Currency Futures Flat Fee Rs 20 Not Available Flat Fee Rs 15
Currency Options Flat Fee Rs 20 Not Available Flat Fee Rs 15
Commodity Trading Flat Fee Rs 20 Not Available NA
Minimum Brokerage NA NA
Hidden Charges No Info Not Available
Funding Yes - 18% interest PA Info Not Available No
Call & Trade Charges Rs 100 per call(No limit of orders) Rs 50 Per Executable Order Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Auto Square off Charges Rs 100 per call(No limit of orders) Rs 50 Per Executable Order Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Brokerage Calculator Brokerage Calculator for 5paisa Brokerage Calculator for Groww Brokerage Calculator for ProStocks
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Share Broker's Transaction Charges

Compare 5paisa vs Groww vs ProStocks on Transaction Charges

Compare 5paisa vs Groww vs ProStocks on transaction charges and PCM fee by segment.

Transaction Charges - Compare 5paisa vs Groww vs ProStocks
Transaction Charges Compare 5paisa Groww ProStocks
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Rs 260 Per Cr NA NA
Brokerage Charges Complete Brokerage Plans for 5paisa Complete Brokerage Plans for groww Complete Brokerage Plans for prostocks
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Account Features

Compare 5paisa vs Groww vs ProStocks on Account Features

Compare 5paisa vs Groww vs ProStocks on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - All 3 brokers offers 2-in-1 account which includes trading and demat account. Margin Funding - 5paisa and Groww offers margin funding where ProStocks doesn't offers margin funding. NRI Trading - ProStocks offers NRI Trading where 5paisa and Groww doesn't offers NRI Trading.

Account Features - 5paisa vs Groww vs ProStocks
Account Features Compare 5paisa Groww ProStocks
3 in 1 Account No 5paisa have 2-in-1 account. Only Demate and Trading account. No 5paisa have 2-in-1 account. Only Demate and Trading account. No ProStocks have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes Yes
Algo Trading Yes No Yes
SMS Alerts Yes No Yes
Online Demo Yes No Yes
Online Portfolio Yes Yes No
Margin Trading Funding Available Yes Yes No
Combined Ledger for Equity and Commodity Yes No No
Intraday Square-off Time 3:15 PM 3:10 PM 3:15PM
NRI Trading No No Yes
Other Features NIL NIL NIL
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Trading Platform

Compare 5paisa vs Groww vs ProStockson Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w 5paisa vs Groww vs ProStocks. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.

Trading Platform - Compare 5paisa vs Groww vs ProStocks
Trading Platform Compare 5paisa Groww ProStocks
Desktop Trading Platform 5paisaTradeStation Groww App Star ProStocks
Desktop Demo Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes No Yes
Desktop Platform (Mac) No No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://www.5paisa.com/online-trading

Yes

https://www.prostocksweb.com/

Web Trading Demo Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes Yes Yes
Mobile Trading Yes Yes Yes
Mobile Trading App 5paisa Mobile App Groww App Star ProStocks
Mobile Trading App Demo 5paisa Mobile App Demo Info Not Available Info Not Available
Android Mobile App Yes Yes Yes
Android App Download Andriod 5paisa Mobile App Download Andriod Groww App Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS 5paisa Mobile App Download iOS Groww App Download iOS Star ProStocks Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Free Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for 5paisa Equity Intraday and Delivery Brokerage Calculator for Groww Equity Intraday and Delivery Brokerage Calculator for ProStocks
Futures Brokerage Calculator Futures Brokerage Calculator for 5paisa Futures Brokerage Calculator for Groww Futures Brokerage Calculator for ProStocks
Options Brokerage Calculator Options Brokerage Calculator for 5paisa Options Brokerage Calculator for Groww Options Brokerage Calculator for ProStocks
Detail Detail on Trading Platforms for 5paisa Detail on Trading Platforms for groww Detail on Trading Platforms for prostocks

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Broker Ratings by Users

Compare 5paisa vs Groww vs ProStocks on User Rating

  5paisa Groww ProStocks
  27 Customer Reviews    Rate 5paisa 7 Customer Reviews    Rate Groww 4 Customer Reviews    Rate ProStocks
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating 5paisa is Rated 3.2 / 5 based on 27 customer reviews Groww is Rated 4.1 / 5 based on 7 customer reviews ProStocks is Rated 4.5 / 5 based on 4 customer reviews
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Investment Offerings

Compare 5paisa vs Groww vs ProStocks on Investment Offerings

Compare 5paisa vs Groww vs ProStocks on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - 5paisa offers Commodity Trading where Groww and ProStocks doesn't offers Commodity Trading. Online Mutual Fund Investment - 5paisa and Groww offers online mutual fund investment where ProStocks doesn't offers mutual fund investment. Portfolio Management Services (PMS) - All 3 brokers doesn't offer PMS facility.

Investment Offerings - Compare 5paisa vs Groww vs ProStocks
Investment Offerings Compare 5paisa Groww ProStocks
Equity Cash and F&O Yes Yes Yes
Currency Deravitives Yes No Yes
Commodity Yes No No
Online IPO Application No Yes No
Mutual Funds Yes Yes No
Bond / NCD Yes No No
ETF Yes Yes Yes
Banking No No No
Insurance Yes No No
Forex No No No
MF SIP Investment Yes Yes No
Equity SIP Investment No No No
PMS Service No No No
Other Investment Options NIL NIL NIL
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Order Types

Compare 5paisa vs Groww vs ProStocks on Order Types

Order Type - Compare 5paisa vs Groww vs ProStocks on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - 5paisa and ProStocks provides Cover Orders (CO) facility where Groww doesn't provides Cover Orders. Bracket Orders (BO) - 5paisa and ProStocks provides Bracket Orders (BO) facility where Groww doesn't provides Bracket Orders. After Market Orders (AMO) - 5paisa and ProStocks AMO facility where Groww doesn't provides AMO. GTC Orders - ProStocks offers Good Till Cancelled (GTC) orders facility where 5paisa and Groww doesn't provides GTC.

Order Types - Compare 5paisa vs Groww vs ProStocks
Order Type Compare 5paisa Groww ProStocks
CNC order Yes Yes Yes
MIS order Yes Yes Yes
NRML order Yes Yes Yes
Cover order Yes No Yes
Bracket order Yes No Yes
AMO-After Market Orders Yes No Yes
GTC-Good Till Cancelled No No Yes
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Customer Service Offered

Compare 5paisa vs Groww vs ProStocks on Customer Service

Compare 5paisa vs Groww vs ProStocks on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare 5paisa vs Groww vs ProStocks
Customer Service Compare 5paisa Groww ProStocks
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat No Yes No
Phone Support Yes Yes Yes
Toll Free Number No No No
Through Branches No No No
Customer Care Number +91 89766 89766 9108800604 +91-2262-434343
Account Opening Process Online/Paperless Online Online/Paperless
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://www.5paisa.com/knowledge-centre https://groww.in/academy https://www.prostocks.com/faq.html
Head Office Address 5paisa headquater
Sun Infotech Park, Road No.
16V, Plot No.B-23 Thane
Industrial Area, Wagle Estate,
Thane - 400604
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Sunlight Broking LLP,
B-50, Pravasi Industrial Estate,
Goregaon (East),
Mumbai - 400063
Website https://www.5paisa.com/ https://groww.in/ https://www.prostocks.com
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Tips/Research/Reports Published

Compare 5paisa vs Groww vs ProStocks on Research Reports, Tips

Compare 5paisa vs Groww vs ProStocks on research reports and tips provided by broker.

Research Reports - Compare 5paisa vs Groww vs ProStocks
  5paisa Groww ProStocks
Research Mutual Funds Yes No No
Research Equity Reports Yes No No
Research ETF No No No
Daily Market Report Yes No No
Free Tips Yes No No
Quarterly Result Analysis No No No
News Alerts Yes No No
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Demat Account

Compare 5paisa vs Groww vs ProStocks on Demat Account

Compare 5paisa vs Groww vs ProStocks on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare 5paisa vs Groww vs ProStocks
  5paisa Groww ProStocks
DP Source CDSL CDSL CDSL
DP ID 82500 No 83200
Demat Account Annual Maintenance Charges(AMC) ₹300 pa Zero Free (₹1000 Refundable Deposit)
Advance Deposit NIL Nil 1000/- Refundable Deposit against charges
Statutory charges Nil Legal Charges Nil
Transaction Charges on Debit (Per ISIN) ₹12.50 per ISIN ₹8 + ₹5.50 CDSL charges ₹20 per ISIN
Demat ₹15 per certificate ₹150 per certificate + courier charges ₹50 per set up + ₹50 courier charges
Remat ₹15 for every hundred securities or ₹15 per certificate whichever is higher ₹150 per certificate + courier charges ₹50 per set up + ₹50 courier charges
Pledge Creation ₹12.50 per script ₹20 + Rs. 12 per request (CDSL Charges) ₹50
Pledge Creation Confirmation NIL ₹20 + Rs. 12 per request (CDSL Charges) Nil
Pledge Closure ₹12.50 per script ₹20 + Rs. 12 per request (CDSL Charges) ₹50
Pledge Closure Confirmation NIL ₹20 + Rs. 12 per request (CDSL Charges) Nil
Pledge Invocation NIL ₹20 + Rs. 12 per request (CDSL Charges) ₹50
Failed Instruction Charges Nil ₹50 ₹50 per transaction
Other Charges Nil Nil Nil
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Special Offers,Advantages,Disadvantages

Compare 5paisa vs Groww vs ProStocks on Special Offers and Promotion

Compare 5paisa vs Groww vs ProStocks on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare 5paisa vs Groww vs ProStocks on Special Offers and Promotion
  5paisa Groww ProStocks
Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from 5Paisa trader or Back Office.
Pay-out/Fund Withdrawal - Bank Transfer only
pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Prostocks Mobile, Prostocks Desktop and Prostocks Web application.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Max 24 hrs except bank holidays Max 24 hrs except bank holidays Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Around 40 banks allow instant credit facility(Payment Gateway) with charges of Rs 9 from 5paisa trading platforms. Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform. Around 23 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Prostocks trading platforms.
Bank Detail 5paisa,
Account Number:5PAISA
Bank and Branch: Yes Bank, CMS National Operating Centre MMR
Account Type: Current Account
IFSC Code: YESB0CMSNOC
Info Not Available SUNLIGHT BROKING LLP,
Account Number:00600340080912
Bank and Branch: HDFC BANK, FORT
Account Type: Current Account
IFSC Code: HDFC0000060
Likes
  • Free account opening facility
  • Cutting-edge trading platforms and products
  • Free or Rs. 0 commission investment in mutual funds and US Stocks.
  • cheapest brokerage plans – Super Saver Packs
  • Zero brokerage on equity delivery in super saving pack 
  • No brokerage for young generation age from 18 years to 23 years
  • It Offers free trading course FinSchool for beginners 
  • Advanced trading platform of 5Paisa Algo trading app 
  • 5Paisa API helps traders to get real time markets analysis from various resources. 
  • Tips and calls on researched based stocks
  • Wide range of trading and investment products – IPO, MFs, Currency, Stocks, etc
  • Solve customer grievances instantly via call or e-mail.
  • Secure and safe mobile application to protect its client’s data.

Detail Review...

  • Trade or invest in equity, F&O, mutual funds, IPO, US Stocks
  • Rs 0 account opening fee with no AMC
  • Best UI Interface-enabled app and website
  • Equity and F&O trading at Rs 20 maximum brokerage
  • No cost investment in direct mutual funds.
  • TradingView charts and wide range of technical indicators
  • Advance orders like GTT, Target order, and Basket order
  • Get instant and flexible loans on Groww
  • Get the latest trending news and updates on the Groww Digest

Detail Review...

  • Lifetime Zero AMC Demat Account and free delivery trading.
  • Cheapest online trading services at 15 per order brokerage plan.
  • Place an unlimited number of trades by subscribing to ProStocks monthly trading plan.
  • Trade on Free trading platforms; mobile app, website, and desktop trading software.
  • Different types of ProStocks Star API; Trading API, Websocket API, Publisher API, Historical API.
  • FoxTrader, is an ultra-modern windows-based automated trading platform.
  • Cheapest intraday call & trade service at just Rs. 10 per trade.
  • Get referral benefits with Prostocks Referral plan.
  • Secure & hassle-free fund transfer via 30+ supported banks.
  • Free instant fund transfer via UPI.
  • Advanced orders like Cover order, Bracket order, basket order, and after-market order.
  • Place Good Till Triggered (GTT) order.
  • Use online tools like brokerage calculator and margin calculator.
  • No PCM fee.
  • No proprietary trading.

Detail Review...

Dislikes
  • High call & trade charges of Rs. 100/per call.
  • 5paisa does not offer NRI trading services.
  • A 3-in-1 account opening facility is unavailable.
  • Delivery trading with 5paisa is not free in the basic plan.

Detail Review...

  • Does not offer commodity and currency trading
  • No desktop trading terminal
  • Bracket order and cover order are not available
  • No intraday trading tips and stock research reports
  • NRIs cannot open an account in Groww

Detail Review...

  • It does not offer a 3-in-1 account opening facility.
  • ProStocks does not provide commodity trading services.
  • It does not offer mutual funds investment facility.
  • ProStocks IPO Apply facility is only available on the ProStocks website.
  • It does not provide intraday trading tips, research, and advisory facility.

Detail Review...

Special Offers/Promo ProStocks offer FREE Trading + Demat Account (NO AMC). You can trade unlimited in equity segment for Rs 899/month or choose Rs 15 per trade plan. Thereby saving up to 90% on brokerage. ProStocks also offer Rs 0 Demat AMC with one time Rs 1000 refundable deposit.
Enquire for 5paisa Enquire for Groww Enquire for ProStocks

Last Updated on 2024-01-11T04:15:59+00:00