5paisa vs Zerodha
How 5paisa and Zerodha compare on brokerage, demat AMC and DP charges — verified as of Jun 2026.
By NexMaxo Editorial Team · Charges verified Jun 2026
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Quick take
Zerodha gives free equity delivery (₹0) while 5paisa charges ₹20 flat per order, so Zerodha is cheaper for delivery-based investing.
5paisa — cost-conscious traders who want flat ₹20 across all segments in one no-frills app, and don't need free delivery.
Zerodha — long-term, diy investors who want free equity delivery, a clean fast app, and low flat-fee intraday/f&o without cross-selling.
Charges side by side
| 5paisaOpen | ZerodhaOpen | |
|---|---|---|
| Equity delivery | ₹20 flat per order | ₹0 brokerage |
| Intraday | ₹20 flat per order | ₹20 or 0.03%, lower |
| DP sell / scrip | ₹14.75 | ₹15.34 |
| Account opening | ₹0 | ₹0 (online individual) |
| Demat AMC | ₹300/yr (₹75/quarter) | ₹0 first year, then ₹300 + GST (₹354)/yr |
| Type | Discount | Discount |
Standard published equity plans, verified Jun 2026. Statutory STT, exchange, SEBI, stamp duty & GST are identical across brokers.
5paisa
- Flat ₹20 per order on equity delivery, intraday, F&O, commodity and currency — simple and low
- Zero account-opening fee; mutual-fund (direct/regular) and IPO applications are free
- Broad segment coverage on one platform (equity, F&O, MCX, currency, MF, IPOs) plus an Xstream API
- Equity delivery is NOT free on the default plan — ₹20 per order
- Demat AMC of ₹300/yr (₹75/quarter) on the standard plan
Zerodha
- Zero brokerage on equity delivery + flat ₹20-or-lower intraday/F&O — among the cheapest, fully transparent pricing
- Largest retail broker by active clients, with the well-regarded, stable Kite platform
- First-year demat AMC free and ₹0 online account opening; no pushy in-app cross-selling or relationship managers
- No 3-in-1 account (no in-house bank); funds move via UPI/payment gateway rather than a linked savings account
- Kite Connect API is paid (≈₹500/mo); no built-in research, stock tips or analyst recommendations
5paisa vs Zerodha — FAQs
Zerodha gives free equity delivery (₹0) while 5paisa charges ₹20 flat per order, so Zerodha is cheaper for delivery-based investing. On intraday, 5paisa charges ₹20 flat per order and Zerodha ₹20 or 0.03%, lower. The DP sell charge is ₹14.75 (5paisa) vs ₹15.34 (Zerodha). Statutory charges are identical across brokers.
5paisa is a discount broker — cost-conscious traders who want flat ₹20 across all segments in one no-frills app, and don't need free delivery. Zerodha is a discount broker — long-term, diy investors who want free equity delivery, a clean fast app, and low flat-fee intraday/f&o without cross-selling.
Either works to start. Look at the demat AMC (5paisa: ₹300/yr (₹75/quarter); Zerodha: ₹0 first year, then ₹300 + GST (₹354)/yr), whether delivery is free, and which app you find simpler. Both hold your shares safely with CDSL/NSDL. This is information, not advice.
This is an informational comparison of published charges, not investment advice. Brokers change pricing and run promotions — confirm current rates on each broker's official charges page before opening. Investing carries market risk.