5paisa vs Upstox vs Groww

The Demat account and trading account opening charges with Groww are free. The annual maintenance charge is also free. Additionally, there is no margin money requirement. 

Groww charges an Rs.20 per order or 0.05% whichever is low for Equity Delivery, Equity Intraday, Equity Futures, Equity Options. Commodity & Currency trading is presently not available with Groww.

Groww is a discount broker which is aimed at providing modern online-based financial solutions to its clients at a minimal cost.

Upstox account is a 2-in-1 account. It is a combination of a trading and a demat account. The trading account gives you access to stock exchanges like NSE, BSE and MCX etc. And the demat account is used to hold securities like stocks, mutual funds etc.

The upstox account allows investors to trade in stocks, equity derivatives, currency and commodities. It also offers online mutual fund investment in a lump sum or SIP way.

You can open the Upstox account in 2 easy ways:

1.      Upstox Online Account Opening

• Click on to open an account

•  Enter your Email Address and Mobile Number.

•  Fill in your personal details and bank details.

• Review, confirm and submit the application.

2.      Upstox Offline Account Opening

•  Visit Upstox website, Go to 'Support'

• Click 'Download Forms'

• Click 'Demat & Trading Account'

• Print the form

• Fill and sign the form.

• Attach all the required documents.

• Courier the filled form to Upstox registered office. 

Upstox offers brokerage free equity delivery trading. For all other segments, it charges flat Rs. 20 or 0.01% per executed order. Also, customers have to pay government taxes, exchange turnover charges, demat debit transaction fees etc. Click the link to know more about Upstox brokerage charges.

Yes, 5paisa is a preeminent discounted stockbroker in India. 5paisa Capital Ltd is a publicly-traded and professionally managed company promoted by IIFL founders. It commenced in March 2016 and rose to 2nd largest discount stock broker in India by Dec 2018.

5paisa Demat Account Opening Fee Rs. 0 (Free)

5paisa Demat Account Annual Charges (AMC)  Rs. 540 (*charged as Rs. 45 per traded month)

*per traded month irrespective of the number of trades. So, there will be no charges levied if you do not trade in any particular month. For example, if you Traded 5 times in the month of January then you will be charged a total of Rs. 45+ GST for January.

5paisa runs a partner program where you can refer customers and can earn a share of the brokerage paid by your referral. Up to 50% of brokerage is shared by the company with its partners.

To become a partner, the customer has to register as an AP (Authorized Person) at BSE or NSE. No upfront investment is needed to become a partner. Also, there is no need for the partner to have a formal office, trading terminal or other infrastructure.