| Basic Details | - •Broker Type: Discount broker
- •Founded: 2016 (5paisa Capital Ltd under IIFL promoter group)
| - •Broker Type: Discount broker
- •Founded: 2015
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| Charges & AMC | - •Account Opening: Rs 0
- •Trading AMC: Included in account structure
| - •Trading and Demat Account Opening: Rs 0
- •Trading AMC: Rs 0 (lifetime as stated)
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| Brokerage | - •Equity Delivery: Rs 20 per trade
- •Equity Intraday: Rs 20 per trade
| - •Equity Delivery: Rs 20 or 0.03% (whichever is lower)
- •Equity Intraday: Rs 20 or 0.03% (whichever is lower)
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| Other Charges | - •Fund transfer charges may apply by mode (for example net banking fee in some cases).
- •Statutory charges apply separately: STT, exchange charges, GST, SEBI charges, stamp duty.
| - •Call and Trade: additional charge (referenced as Rs 50/order)
- •Admin square-off charges may apply for auto close positions.
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| Leverage (Margin) | - •Margin Trading Facility available via 5paisa Pay Later.
- •MTF funding slabs available with different daily interest rates.
| - •Margin products include MTF offerings in promotional messaging.
- •Practical leverage and margin depend on segment, risk, and exchange norms.
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| Features | - •Flat-fee structure across segments.
- •One app for stocks, derivatives, mutual funds, ETFs, and bonds.
| - •In-house built trading stack.
- •Insta Options for strategy building and payoff analysis.
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| Trading Platforms | - •5paisa Mobile App
- •5paisa Web / Trader Station
| - •Fyers App (mobile)
- •Fyers Web
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| Reviews & Ratings | - •Positioned as a low-cost broker for active retail users.
- •In this source snapshot, no single consolidated numeric overall rating is highlighted.
| - •Marketed as a low-brokerage technology-first platform.
- •In this source extract, a single numeric overall rating is not prominently presented.
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| Investment Options | | |
| Order Types Offered | - •Regular market orders
- •Delivery and intraday order flows
| - •Standard equity and derivatives order types
- •Intraday and delivery order handling
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| Suitable For (Investor Type) | - •Cost-conscious traders who prefer flat brokerage.
- •Users who want one platform for trading and investing products.
| - •Active traders focused on low brokerage and platform tools.
- •Users who prefer in-house charting and options strategy interfaces.
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| Pros and Cons | - •Pros:
- •Flat Rs 20 pricing model.
| - •Pros:
- •Very competitive flat-fee structure.
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