5paisa vs Upstox vs HDFC Securities

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.

HDFC is a prominent group in India. HDFC Demat account provides a wide range of products to its customers. HDFC securities provide multiple platforms and advanced tools to its customers.  They also provide research and tips to their customers which is useful for investors.

• Click on “Open Demat Account” 

• Select online and a form will open

• Fill in the mandatory details and submit the form

• Within two working days, you'll receive a call from an HDFC representative to verify the details and you will be asked to send identity and address proofs through emails

• Finally, You will receive a successful account of your registered mobile number.

Indeed, HDFC does provide a Demat account. It has more than 2 million Demat accounts and more than 3500 Demat centres network. 

It provides two types of Demat account- Basic Services Demat Account and Normal Demat account.

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.