Upstox Vs 5Paisa is one of the top stockbroker comparisons traders look for. Here is the comparison with respect to Brokerage, Customer Service, Trading Platforms etc. This comparison article also provides a video comparison between Upstox Vs 5Paisa so that you get a 360-degree view about which broker to go ahead with.
Upstox Vs 5Paisa Basics
Here is a point by point comparison of Upstox Vs 5Paisa. 5Paisa is a discount broker launched by India Infoline (IIFL) in 2015 and allows a trader to trade across Equity, Currency, Insurance and Mutual Funds.
On the other hand, Upstox is a discount broker as well launched by 3 co-founders in 2012. Today, Upstox does a daily turnover of ₹5000 Crore with a customer base of around 20,000. The firm has been backed up by some of the prominent names such as Ratan Tata, Kalaari Capital and GVK Davix.
It can become very difficult to decide between two discount brokers who are almost similar in their propositions but still are different in areas that can make or break for customers. Thus, to make things easy for you, we have listed out the comparison between Upstox and 5Paisa to help you find which of the two suits your needs better. The comparison is made on aspects such as:
Account Opening Charges
Exposure or Leverages
Generally above mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stock broking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
*NSE Complaints Percentage: Lower is this number, Better is the broker.
Before we complete this comparison, we think one quick understanding of brokerage charges is important.
Full-service stockbrokers charge brokerage as a percentage of your trading turnover. For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.
Discount brokers, on the other hand, charge a flat rate brokerage (could be ₹10, ₹20 etc) irrespective of the trade value.
Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with Upstox Vs 5Paisa for the benefits of other readers. Please feel free to share in the comments below. Your experiences can work as learning for others.
Furthermore, in case you are looking to get started with stock market trading or investments in general, let us assist you in taking the next steps forward.