In this comparision of upstox vs zerodha vs angel broking vs 5paisa we have tried to provide all the information in comparision to all of the 4 trading platforms. From their basics to commission, everything is covered here.
What is Zerodha?
Zerodha is the first and No. 1 discount broker in India by volume, the number of customers and growth. As of Jan 2019, Zerodha has 8.47+ lakh clients. Moreover, Zerodha contributes to over 10% of daily retail trading volumes across NSE, BSE, MCX.
Recently it has taken a lead as the largest stock broking company in India-based on the number of clients. Zerodha has over 1,000 employees at its Bangalore office.
It offers trading services to buy & sell stocks, futures & options. Zerodha has built its own trading application named ‘Kite’ and back-office software named ‘Console’. All trading software applications including trading terminal, website and mobile trading are made available to its customers free of charge.
What is Upstox?
Upstox is a tech-first low-cost broking firm in India providing trading opportunities at unbeatable prices. The company provides trading on different segments such as equities, commodities, currency futures, options.
Comparison of Upstox Vs Zerodha
Account Opening & Annual Charges Of Upstox Vs Zerodha
|Comparison of Account Opening Charges||Upstox||Zerodha|
|Trading Account Opening Charges (One Time)||Rs. 150||Rs. 200|
|Trading Annual Maintenance Charges||Rs. 0||Rs. 0|
|Demat Account Opening Charges (One Time)||Rs. 0||Rs. 100|
|Demat Account Annual Maintenance Charges||Rs. 150||Rs. 300|
Brokerage Charges For Upstox Vs Zerodha
|Comparison of Brokerage Charges||Upstox||Zerodha|
|Equity Intraday||Rs 20 or 0.01% whichever amount is lower||Rs 20 or 0.01% whichever amount is lower|
|Equity Features||Flat Fee Rs. 20||Rs 20 or 0.01% whichever amount is lower|
|Equity Options||Flat Fee Rs. 20||Flat Fee Rs. 20|
|Currency Futures||Flat Fee Rs. 20||Rs 20 or 0.01% whichever amount is lower|
|Currency Options||Flat Fee Rs. 20||Flat Fee Rs. 20|
|Commodity Trading||Flat Fee Rs. 20||Flat Fee Rs. 20|
|Call and Trade Charges||Rs 20 For Every Executable Order||Rs 20 For Every Executable Order|
Other Charges Of Upstox Vs Zerodha
|Comparison of Other Charges||Upstox||Zerodha|
|Transaction Charges||0.00275% of Total Turnover||0.00325% of Total Turnover|
|STT||0.0126% of Total Turnover||0.0126% of Total Turnover|
|SEBI Turnover Charges||0.0002% of Total Turnover||0.0002% of Total Turnover|
|GST||18% of (Transaction and Brokerage Charges)||18% of (Transaction and Brokerage Charges)|
What is Angel Broking?
Angel Broking is one of the largest full-service retail brokers in India. The company offers a wide range of investment and trading services. Which includes stock and commodity broking, investment advisory services, margin funding, and more.
It offers trading in Equity, F&O, Commodities, and currency across BSE, NSE, NCDEX & MCX. It not only provides a platform to trade in Mutual Funds, and IPOs. But also provides guidance for trading in the stock market and value-added tools and services to enhance trading experience.
Overview of Angel Broking Vs Zerodha
|Broker Type||Full-Service Broker||Discount Broker|
|Headquarters||Mumbai, India||Bangalore, India|
|Founder||Dinesh Thakkar||Nithin Kamath|
Angel Broking & Zerodha Demat Account Comparison
|Demat Services||Angel Broking||Zerodha|
|Account Opening Charges||Zero||Rs.300|
|Demat AMC Charges||Free or Rs.300 per Annum||Rs.300 per Annum|
|Trading AMC Charges||Free||Free|
|Margin Money||Minimum Rs.10,000||Zero|
|Offline to Online||Yes||No|
What is 5paisa?
5Paisa offers trading across equity, futures & options (F&O), currency and commodity segments on NSE, BSE, and MCX. At a discount brokerage of Rs 20 per executed order irrespective of the number of shares or their prices. 5Paisa has a corporate membership of NSE and BSE. It registers the company DP with CDSL.
Having a Demat account with 5paisa Capital Ltd is not mandatory which means it can link any other Demat account with a 5paisa trading account.
5paisa is a part of IIFL Group and IIFL is a clearing member for many brokers, so 5paisa is not charging any PCM fee.
Compare 5paisa vs Zerodha on Brokerage Charges
5paisa Brokerage Plan detail – 5paisa is a discount broker which charges a flat fee of Rs 20 per executed order. For Equity Cash, Equity F&O, Currency & Commodities. This is the lowest brokerage plan offered by the best brokerage house in India.
Zerodha Brokerage Plan detail – Zerodha offers Rs20 or.01% whichever is lower for equity intraday, F&O, commodity and currency. Rs20 is the maximum brokerage you need to pay per executable order. Zero brokerage on equity delivery trading.
Documents required to Open Demat Account
Proof Of Identity
- PAN Card
- UID (Aadhaar)
- Driving Licence
- Voter Identity Card
- NREGA Job Card
- Any document notified by the central government
Proof of address
Lastly, you’ll need to submit a proof of address in India. There can be some overlap of address proof and ID proof documents. The full list includes:
- UID (Aadhaar)
- Voter Identity Card
- State issues Driving License
- NREGA Job Card
- Utility bill which is not more than two months old of any service provider (electricity, telephone, post-paid
mobile phone, piped gas, water bill).
- Bank account or Post Office savings bank account statement.
- Documents issued by Government departments of foreign jurisdictions and letter issued by Foreign Embassy or Mission in India.
Proof of bank
You’ll have to show proof of the bank account that you wish to connect with your account. If you have a canceled cheque that has your name on it then you can send it to your broker along with the account opening forms. Or, if you’re opting for the online account opening process you can upload the canceled cheque with the bank’s IFSC code to the online portal.
In a bank proof a broker needs the following from you:
- Your name
- Bank’s IFSC Code
On comparing all the mentioned platforms, we found that they have almost same compatibility. Each of them has their own specifications and services. Hence, before choosing any of the trading platform, users are advised to get complete details of it. We don’t want anyone to invest their hard earned money in any random platform. So, you should check their reviews before going on board with any respective platform.