5Paisa and Upstox both are well-known discount brokers that offer online trading on BSE, NSE, and MCX at a flat brokerage of Rs 20 per order. Compare the two brokers on multiple facets to know which one is a good broker for you.
- Account Opening Charges: Both the discount brokers charges zero account opening fees on demat & trading account.
- Brokerage charges: 5paisa and Upstox facilitate clients to trade at Rs 20 flat fee on equity, derivatives, commodities, and currency. However, the Power Investor and Ultra Trader Pack at 5paisa charges the cheapest brokerage of Rs 10 per order.
- Demat AMC: Upstox provides zero demat AMC account while 5paisa charges you Rs 25 per month (Rs 300 yearly) maintenance fee.
- Mutual Fund Investment: It doesn’t matter which is your preferred broker because both Upstox and 5paisa discount stock brokers facilitate brokerage-free mutual fund investment.
- Trading Platforms: 5paisa users can trade via mobile app, web, or desktop trading software while Upstox facilitates trading through website and app. It does not have an installable desktop trading terminal for pro traders.
