| Basic Details | - •Broker Type: Discount broker
- •Founded: 2016 (5paisa Capital Ltd under IIFL promoter group)
| - •Broker Type: Digital-first discount broker
- •Founded: 2016 (broking entity expanded later from MF platform)
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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
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| Brokerage | - •Equity Delivery: Rs 20 per trade
- •Equity Intraday: Rs 20 per trade
| - •Equity Delivery: Lower of Rs 20 or 0.05% per order
- •Equity Intraday: Lower of Rs 20 or 0.05% per order
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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.
| - •Auto square-off charge: Rs 50
- •Statutory and exchange charges apply separately.
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| Leverage (Margin) | - •Margin Trading Facility available via 5paisa Pay Later.
- •MTF funding slabs available with different daily interest rates.
| - •Margin and leverage depend on segment and risk policy.
- •Source section introduces margin topic but does not expose one fixed leverage number in the extracted snapshot.
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| Features | - •Flat-fee structure across segments.
- •One app for stocks, derivatives, mutual funds, ETFs, and bonds.
| - •Paperless onboarding and simple UX.
- •Strong mutual fund and retail investing workflow.
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| Trading Platforms | - •5paisa Mobile App
- •5paisa Web / Trader Station
| - •Groww Mobile App
- •Groww Web Platform
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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.
| - •Positioned as beginner friendly with strong app adoption.
- •In this source snapshot, no single numeric consolidated rating table is shown.
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| Investment Options | | - •Equity
- •Intraday and derivatives
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| Order Types Offered | - •Regular market orders
- •Delivery and intraday order flows
| - •Standard market and limit order flows
- •App and web based execution
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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.
| - •First-time investors preferring clean mobile-first experience.
- •Cost-conscious users who also invest in direct mutual funds.
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| Pros and Cons | - •Pros:
- •Flat Rs 20 pricing model.
| - •Pros:
- •Zero opening/AMC and low brokerage.
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