5Paisa and Upstox both are well-known discount brokers that offer trading at a flat brokerage of Rs 20. 5paisa charges Rs 300 for opening a trading account while Upstox charges Rs 150 for the same. However, for AMC, 5paisa charges Rs 45 per month and nil if you don’t trade and Upstox charges 150 PA with no charges for the 1st year.
Upstox offers a 3-in-1 account opening facility while 5paisa doesn’t. 5paisa charges Rs 100 for call and trade orders while Upstox charges Rs 20 for the same. So, both the brokers are good at their place, however, Upstox is much cheaper at many places which makes it better than 5Paisa.
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