5Paisa and Zerodha both are discount brokers platform that charges a fixed brokerage excluding the trade volume.
Zerodha was the first platform that introduced the discount broking model in India at a time when banks and other stockbrokers were charging a higher brokerage fee.
Whereas, 5Paisa was launched in 2017 (IIFL holding company) and has a customer reach of more than 1.2 million.
In this article, there is a complete comparison of Zerodha vs 5Paisa side by side it covers important aspects like brokerage charges, annual charges, margin.
Below are some common aspects on which the two platforms are compared side by side.General Comparison
| Particulars | 5Paisa | Zerodha |
| Can trade-in | Stocks, Equity F&O, Currency & Commodity F&O | Stocks, Equity F&O, Currency F&O and Commodity F&O, Bonds and Govt-Securities |
| Brokerage Charges | 5Paisa Basic Plan | Details for Zerodha Plan |
| Equity delivery | Rs. 20 per executed order | Rs. 0 |
| Equity, currency, commodity – Intraday & F&O | Rs. 20 per executed order | Lower of Rs. 20 per executed order or 0.03% |
| Charges for Call and Trade | Rs. 100 per call | Rs. 50 per order |
| Margin for Intraday | Up to 10X | Up to 15X |
| Account Opening Charges | FREE | Rs 200 |
| Demat AMC Fees | Up to Rs. 25 per/mon | Rs. 300 |
Account Opening Charges
5Paisa provides a free Demat & trading account also Zerodha charges a nominal fee of Rs 300 for account opening.
Whereas, Zerodha charges Rs 300 yearly as maintenance charges, and 5Paisa charges up to Rs. 25 on monthly basis.
| Particular | Zerodha | 5Paisa |
| Account Opening | Rs 200 Rs 300 (including commodity account) |
Free |
| Annual Maintenance Charges | Rs. 300 | Up to Rs. 25 per month |
Brokerage Charges
Zerodha provides free equity delivery but 5Paisa charges Rs 20 per intraday trade for delivery transactions.
5Paisa charges a fixed brokerage of Rs 20 per trade in its basic plan for trading, whereas Zerodha charges a lower of Rs. 20 per order or 0.03% per trade.
5Paisa also offers “Power Investor Pack” and “Ultra Trader Pack” for high volume traders. And it charged only Rs 10 per trade for intraday trading.
But all those plans come with a monthly charge of Rs 499 & Rs 999 respectively.
Margin
Below is the margin offered by both Zerodha and 5Paisa platforms.
| Segment | Zerodha | 5Paisa |
| Intraday | Up To 15x | Upto 10x |
| Equity Futures | Upto 3.33x | Upto 3.5x |
| Currency Futures | Upto 2x | Upto 3x |
| Currency Options | Upto 2x | Upto 3x |
| Commodity Futures | Upto 2x | Upto 2x |
Zerodha or 5Paisa which is better?
According to study and reviews, it is recommended Zerodha over 5Paisa, after comparing all the aspects individually and observe the reviews.
Zerodha provides free stock delivery, intraday trading charges the same for both brokers.
5Paisa has great work on its mobile app but when there is comparison among all trading platforms then Zerodha provides a better trading experience among all the trading apps.
FAQ
What documents are required to open an account online?
For online Demat and Trading account opening person will need to upload a scanned copy of the following documents;
- PAN card
- Aadhaar Card
- Cancelled cheque
- A photo or scanned copy of your signature proof
- Income proof if you want to trade in F&O
- Form-16
- IT acknowledgement
- 6-month bank statement
- Latest salary slip
- CA certified net worth statement
What is the power of attorney (PoA) and why is it needed?
PoA is a document that gives your broker the right to debit shares from your Demat account on your behalf. PoA is required whenever you want to sell your shares.
How can I add money to my trading account?
You can add money using NEFT, IMPS, and RTGS through your Net Banking facility.
