Bajaj Finserv vs 5paisa vs Zerodha

Broker Comparison

Bajaj Finserv

(2.9) Open Demat Account


(3) Open Demat Account


(3.8) Open Demat Account
Basic Details
Broker Type
Broker Type Discount Broker Discount Broker Discount Broker
Account Opening
Account Opening ₹ 431 Free ₹ 300
Account Maintenance
Account Maintenance Free ₹ 45 ₹ 300
Broker Ratings
Usability (2.1) (3) (4)
Charged (3.2) (3.5) (4)
Customer Service
Customer Service (3.5) (2.7) (3.5)

Frequently Asked Questions

Zerodha Kite is Zerodha’s online trading platform, which was built in 2015. It is a web-based, lightweight platform which can be used for trading on mobile, tablets as well as desktop browsers. The KITE platform facilitates trading in 11 languages. Kite mobile is currently available in the Android version & iOS on Google Play store. It has advanced technical analysis charting with more than 100 charting indicators and unlimited data for different stocks.

Zerodha provides a range of mobile apps for its customers based on different services. These include:

  • Zerodha Kite: Online trading platform for stock and commodity trading

  • Zerodha Coin: For mutual funds investments

  • Zerodha Varsity: Stock marketing lessons

  • Zerodha Sentinel: Market alerts and monitoring for stocks, futures and options  on the cloud

  • Pulse by Zerodha: For latest market news and updates.

Zerodha is one of the leading and most popular stock brokers in India, with a massive client base created over years. Beginners often prefer trading with the cheapest brokers, and Zerodha, with a flat fee model at Rs 20, fits perfectly in this parameter. Additionally, Zerodha also provides online education apps, support portal, and discussion forums which prove to be of great assistance to beginner level investors. However, Zerodha being a discount broker does not assist with research, advisory or recommendations. This makes it a challenge for new investors who often find it difficult to make these decisions.

Overall, considering the many helpful services it offers, Zerodha can be considered as a good option for beginner level investors.

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.

Mr Manish Jain is the Director & Chief Executive Officer of Bajaj Finserv Ltd.

To contact Bajaj Finserv’s customer care, you can call their toll-free number 1800-103-3535 or 020-48574443 if you have any enquiries. If you are an existing customer, you can reach out at 086980 10101.

Bajaj Finserv is a part of the renowned Bajaj Group, which has been a household name in the country for decades. With the high credibility and established market reputation associated with its parent company, Bajaj Finserv can be considered as a safe investment platform. Additionally, Bajaj Finserv has a credit rating given to it by reputed rating agencies in the country.