Zerodha Vs 5Paisa Charges Brokerages Margin Platform App Comparison

  • Post category:Stock Market
  • Reading time:25 mins read
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  • Post last modified:December 17, 2022

If you are thinking to open an new trading or demat account or switching your existing broker to find better, Zerodha Vs 5paisa comparison in this post will certainly guide you to choose among the best between both stockbrokers.

Many beginners assume 5Paisa as a discount broker, but when you look at the services offered by them one can conclude 5Paisa is a equal to a full time stock broker.

I have already reviewed them separately based on charges, margin, brokerages, trading platform etc. you can read zerodha review and 5Paisa review here.

According to the latest NSE data, Zerodha is at the top with more than 6.6 million active clients to be precise, 66,91,056 whereas 5Paisa have more than 2.4 million approx. 24,14,220 active clients.

Although the number do speak for themselves but one should never consider this as a benchmark before choosing any stock broker.

There are many criteria such as best trading platform and mobile apps, lowest brokerage, good customer service, lower or no cost for opening trading/demat account etc.

Coming back to Zerodha Vs 5paisa broker comparison, I have tried to cover all major aspects for both brokers, just to let you know this comparison or say review is based on facts, as I personally have account with both brokers.

Just to let you know this review guide is going to be long, you can switch from table of contents to look for the relevant info you want to know.

However below is overall comparison points between Zerodha Vs 5Paisa to tell you in short about who is best by which you can make instant decision to open account instantly.


Zerodha Vs 5Paisa Overall Comparison:

I have already used both their services as well as wrote the reviews about them in detailed way separately, based on my experience and facts below are things you can consider before opening an account with them.

  1. You can trade and invest in all segments i.e. stocks (equity) FnO, Commodity, Currency, at NSE, BSE, MCX on both 5Paisa and zerodha.
  2. Both stock brokers 5paisa and zerodha, have fantastic trading platform for desktop/mobile app, you can do fundamental as well as technical analysis quite easily.
  3. Zerodha trading platform have also partnered with third party service integration as well such as Smallcase for portfolio based investments and, Sensibull for option based strategies, streak, Sentinel, Tickertape etc.
  4. 5paisa have also done integration with Sensibull, however smallcase is not yet there.
  5. 5Paisa is a discount cum – full time broker, you may enjoy stock recommendation depending upon the paid addon plan you take. This service is not available with Zerodha.
  6. 5Paisa has option for you to make investment in US stocks such as Apple, Amazon, Google, etc. as well whereas Zerodha does not have this feature as of now.
  7. Zerodha brokerages are lower than 5Paisa brokerages when comparing free basic plan of 5Paisa. 5Paisa charging Rs.20 per executed order whereas Zerodha charging Rs.20 or 0.03% (whichever is lower). Zerodha also offers free delivery i.e. brokerage free trades.
  8. Call and trade service if you use than charges are Rs.50 for Zerodha whereas for 5Paisa basic plan (free) you will be charged Rs.100. Other charges such as stamp duty, DP, transactions charges remains same for both.
  9. 5Paisa as well as Zerodha offers brokerage or say commission free mutual funds investment and platform for its users.
  10. If we talk about Margin at Zerodha vs 5Paisa, after SEBI Rules on Intraday margin every stockbroker is giving same margin throughout India, hence this does not matter anymore.
  11. With Zerodha and 5Paisa you can also invest and trade in IPO’s, NFO’s, ETF, SGB, and many other financial products with so much ease.
  12. 5Paisa also offers Insurance, gold/personal loans, investments services apart from broking service.
  13. Zerodha do charges one time account opening fee of Rs.200 and Rs.300 for AMC (Annual Maintenance Charge) at the year end. Where as 5Paisa for a limited time period is allowing free trading/demat account, they charges Rs.25 Per month. for AMC.
  14. Overall, Zerodha and 5Paisa both are giving their best services, resources and tools to its users, having said that 5Paisa have an added advantage as it gives you the stock recommendation i.e. advisory service although paid.


Now, it is up to you to decide which one you choose as both have everything that is needed to trade and invest in stock market hassle free online.

So if you are more of ok with trading and investing by all yourself go with Zerodha, they are best at present, or if you are someone who need assistance in trading and investing should opt for 5Paisa.

You can Open a free 5Paisa trading/demat/mutual fund account through this link for a limited time period.

Click Here to open an Zerodha trading/demat/mutual fund account online hassle-free within minutes

Now, let us go dive deep to cover all different services and features of Zerodha and 5Paisa step by step and see who is best between Zerodha and 5Paisa by doing in-depth analysis.


About Zerodha Vs 5Paisa:

Zerodha and 5paisa both have a history, in brief I have tried to explained how they both started and what is the current status.


Zerodha Vs 5Paisa Charges Brokerages Margin Full Comparison Guide 2020



Zerodha Vs 5Paisa Margin Comparison:

Margin in stock market refers to buying/selling of securities (shares) by borrowing money from your broker. This is very much similar to taking loan for short period of time. This helps traders in buying or selling more with less money in intraday trading.

If you are an active trader or a beginner who knows what exactly going on with recent changes brought by SEBI, Higher Margin won’t be a factor anymore, now the competition among the broking industry is in terms of better trading platforms and lower brokerages plans.

The upfront margin collection in cash segment has been kept at flat 20%, which means now the leverage for all stocks would be 5x also the penalty provision for short-collection/ non-collection of upfront margin in cash segment.

This means regardless of any broker you won’t get more than 5X times margin in equity cash segment and in FNO you need to have the full margin span+exposure to take any position.

You can read more about it here.

Therefore, the margin or leverages offered will be equal irrespective of the stock brokers in India going forward. Keep in mind this also applies to Currency and commodity derivatives as well.

For example: if there is a 20% margin requirement on a particular stock, then you will have to pay only Rs.20 to buy a stock of Rs.100. Another way to look at it is that if you have Rs.100, you will be able to buy five stocks instead of one.

Hence, the margin requirement will be same for all brokers including 5Paisa and Zerodha for intraday trading in equites and derivatives.

One need to understand taking more margin means more risk and chances of your money getting wiped out is even more, so it is always advisable to use it in limited way.

So going forward please choose stock broker not in terms of margin or leverage as it is same for all brokers through out India.


Zerodha Vs 5Paisa Brokerage Comparison:

Zerodha brokerage is what make them ahead in the game, as you can see , there is no charge for taking delivery of the trades to your demat account. Whereas for intraday trades across equity, currency, commodity, it is flat Rs.20 or 0.03%(whichever is lower).

What they mean is, suppose you bought stock xyz priced at Rs.100, quantity 100 on intraday basis,

so the total turnover would be bought 100, sold 100(100*200)=  20,000 on this amount they will charge either whichever amount is lower as 0.03% of 20000, is Rs.6 so they will charge that instead of flat Rs.20.

Whereas 5Paisa do not charge any brokerage, for any segment, they only charge flat fee of Rs. 20 per executed order. Keep in mind these brokerage is for free plan and not the two add-on packs ultra and power.

Unlike other brokers, 5paisa offers different services depending upon the subscription package you take at the time of opening the account with them. This means either you do not take any add on plan from 5 paisa and continue using the services with normal features or opt for 2 addon plans but you may need to pay certain subscription charges.

Similarly you can make investments in mutual funds through monthly SIP or Lumpsum using 5paisa and zerodha platform and there are Zero charges as well as no commissions.

Overall, the brokerage is lower for Zerodha if we compare the free plan of 5Paisas expect the 5Paisa has certain add-on plans where it is quite low.


Zerodha Vs 5Paisa Account Opening Charges Comparison:

Zerodha Trading and Demat Account Opening Charges:

Type of account
Equity (for trades on Equity, F&O and Currency)
Plus Commodity (MCX)
Online account
₹ 200
₹ 300
Offline account
₹ 400
₹ 600
NRI account (offline only)
₹ 500
Partnership, LLP, HUF, or Corporate accounts (offline only)
₹ 500
₹ 800
Zerodha Demat account charges = ₹0

Annual maintenance charges = ₹300/year


What are 5Paisa Trading and Demat Account Opening Charges?

5paisa demat and trading account there are no charges for account opening for a limited time period, the only thing is subscription charges for different plan that totally depends on you to take, basic Plan has no subscription charges at all.

However if you want to take benefit of premium service in other two subscription, power investor Plan, Ultra trader Plan you can try them on monthly basis as well.

5Paisa Demat account charges depends on holding value in demat account, for example if the holding value of stocks turn out to be less than Rs.50,000 there are no AMC, where as above Rs.50,000 and less than Rs. 2lacs it is Rs.8 per month and above Rs.2 lacs the AMC will be charged Rs.25 per month.

Overall, 5paisa is better than zerodha in terms of account opening and demat charges.


Zerodha Vs 5Paisa Online Account Opening Process:

To open an account online with zerodha, you can sign up using your mobile number through this link. You will receive an OTP to your number and you can get started with the process.

To open an A/c online with 5Paisa, Click on this link and first enter your mobile number,

You will be required to enter your PAN, bank account details and personal details to continue with the sign-up.

Once you signup you need to upload certain documents listed below:

  1. Your PAN card
  2. Your Aadhaar
  3. To complete the e Sign process, you will have to authenticate it with an OTP. So, make sure you have the number linked to your Aadhaar handy. If not, you will not be able to complete the process. If the number linked to your Aadhaar is inactive, or if you don’t have any number linked, then you can visit your nearest Aadhaar Seva Kendra to get it updated.
  4. Cancelled cheque/Bank statement to link your bank account –

If your cheque is not personalized then the bank statement you upload should have both the IFSC and MICR code printed on it. If not then your application will be rejected. The bank statement has to be self-attested.

  1. A photo or scanned copy of your signature proof will be required to be uploaded.
  2. Income proof –

It is mandatory to submit income proof if you wish to trade in Futures and options – Equity, Commodity, and Currency.  You can submit one of the below documents.

  • Form-16
  • Income tax returns acknowledgment
  • 6-month Bank statement
  • Latest salary slip
  • Demat holding statement, or
  • A CA certifying your net worth

Note: The documents mentioned are for a Resident Individual Account.

To open an account with Zerodha right away click on this link.


espresso vs zerodha review

To open an account with 5Paisa right away click on this link


5Paisa Account Opening Process



Zerodha Vs 5Paisa Other Charges Comparison:


Zerodha Vs 5Paisa Other Charges Comparison



Zerodha Vs 5Paisa Trading Platform Comparison:


Zerodha Vs 5Paisa Trading Platform Comparison


The most important part of any trading platform is the tools and resources it has to technical analysis. Zerodha and 5Paisa both has all the indicators and types of chart required to make it possible.

Whether you want to use:

MACD indicator

Bollinger Bands indicator

RSI indicator

Volume Indicator

Support and Resistance indicator

Different Candlestick patterns etc. you name the indicator and it will be there, so all in all zerodha and 5Paisa has everything what is needed for a hassle-free trading platform. You can add- withdraw funds directly, create or back-test trading strategies and lot more.

The reason I am not involving all the features of different trading platform, because unnecessary it will be long, second all the features are somewhat equal, however you can read them in detail if you want here for Zerodha trading platform for 5paisa trading platform.

Overall, Zerodha trading platform is little better than 5Paisa in terms of user interface and operation, but the does not mean 5Paisa does not have good trading platform.

I want to give credit to zerodha for the best technological advancement they have brought in finance broking industry.


Zerodha Vs 5Paisa Orders Comparison:

Order Type Compare
CNC order
MIS order
NRML order
Cover order
Bracket order
AMO-After Market Orders
GTC-Good Till Cancelled


Apart from this zerodha also have GTD(good till triggered) order type, 5Paisa don’t have this type of order.


Zerodha Vs 5Paisa Other Services Comparison:


Zerodha Vs 5Paisa Other Services Comparison



Zerodha With Tickertape:

Zerodha in association with tickertape gives you complete package of doing fundamental analysis of any stocks. This is in built with zerodha kit web and mobile application.


Zerodha With Tickertape 


You just need to click on any stock and than click on fundamentals, this is how it appears:


Zerodha Review On Margin Brokerage Trading Platform- Best Ultimate Guide 2020


As, you can see, in above image of SBI bank, you can see all the fundamental with charts and data points, this can be great if you want to invest for long term.


5Paisa Swing Trader:

5Paisa leverages swing trading strategy to offer its customers short term investment ideas for quick money making. Swing Trading is a strategy that focuses on taking smaller gains by making short term investments.

The gains might be smaller, but when done consistently over time gives excellent annual returns. Swing Trading positions are usually held a few days to a couple of weeks.

For this, it has tied up with Swing Trader India, a research & advisory company founded by US investment legend & author William J O’ Neil. Swing trader combines Technical & Fundamental analysis to evaluate stocks.

It extensively uses CAN SLIM methodology of William O’Neil to filter promising stocks. Swing Trader has target of 5% to 10% return for the stocks in buy zone & stop loss at 2% -3%. Recommendations are generally for period of 2 to 20 days.

To avail our Swing Trader feature, you need to buy any of below mentioned Subscription Plan:

Optimum Plan
Platinum Plan
Titanium Plan
Swing Trader
Not applicable


To buy Swing Trader, you need to subscribe monthly or annually to add-on Plan. You also have an option to upgrade your plan.


Zerodha With Refinitiv:


Zerodha With Refinitiv


Zerodha and Refinitiv combination provides the platform for StockReports+ , it is a comprehensive stock, market, and industry research and analysis from Thomson Reuters for 3000+ Indian stocks, updated daily. You can get access to all the research related info  for any stocks.


Zerodha Review On Margin Brokerage Trading Platform- Best Ultimate Guide 2020


Zerodha With Streak:


Zerodha With Streak


Zerodha partnered with streak to give you access to all the technical parts, with help of streak you can create different strategies back-test them and deploy the automatically. No need to do the manual technical analysis anymore.


Zerodha Review On Margin Brokerage Trading Platform- Best Ultimate Guide 2020


There are lot of other premium optional services provided by both for their clients, some are free, some have little charge associated. Its totally up to you to decide which one you need or don’t need there is no compulsion as such .


5Paisa With Smallcase:


5Paisa With Smallcase


Smallcases are baskets of stocks & ETFs that help you build a low-cost, long term diversified portfolio. 5Paisa in association with smallcase helps investors to pick pre-build well researched portfolio.


5Paisa Review On Margin Brokerages Trading Platform- Best Monster Guide 2020



5Paisa With Sensibull:


5Paisa With Sensibull


Sensibull is India’s first options trading platform, offering everything from simplified options trading for new investors to powerful trading tools for the pros. Sensibull aims to make options trading safe, accessible, and most importantly, profitable for all.


Sensibull is India’s first options trading platform, offering everything from simplified options trading for new investors to powerful trading tools for the pros. Sensibull aims to make options trading safe, accessible, and most importantly, profitable for all.


Sensibull was founded with the absurdly impossible vision of making the small guy win against the big guy in financial markets.

Smallcase and Sensibull both the services are available under the basic subscription plan with 14 days free trial.


My Opinion On Zerodha Vs 5Paisa:

I hope you have now thoroughly understood most of the services offered by zerodha and 5paisa, if you ask me in zerodha vs 5paisa which is better:

Expressing my opinion in terms of all technological tools, advanced platforms, robust management I would rate zerodha 9.6 out of 10.

On the other hand I would rate 5Paisa 9.4 out of 10 keeping all services offered by them in view.

Moreover, with 5Paisa you can also invest in US Markets easily within few steps, as of now only ICICIDirect has this options for its users.

5Paisa is more of a full-time stock broker offering all services such as loans, insurance, mutual funds, advisory, stock recommendation etc.. You will not get any such services with Zerodha as of now.

Therefore, I want to suggest new comers or beginners in trading and investment to open an account with 5Paisa rather than zerodha.

5Paisa has all services at one place and they offer free account opening so nothing to loose, whereas if you just want to trade and invest go with zerodha they have the best technology and they are the no.1 broker in India, in terms of active client right now.

Open free account with 5Paisa and get Rs.250 Cash Credit here.

Open online paper-less Account with Zerodha here

If you are a beginner in trading and investing, please read this amazing guide on how share market works in India?

If, you have liked the content please do share it with your friends or on social media, as sharing do bring the good karma. If you have any questions or feedback you can leave them in comment box below.

Note: Please do your own research and make investment. Moneycontain will not be responsible for any of your losses at all. The point made is for educational purpose only and intended to give information. All investments are subject to risks, which should be considered prior to making any investments.

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