Broker comparison
5paisa vs Alice Blue (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of 5paisa and Alice Blue from published official pricing and features — no affiliation with either broker.
- 0 – 0Cheaper on example trades (5paisa – Alice Blue)
- 4 – 5Published features (of 9)
| Metric | 5paisa | Alice Blue |
|---|---|---|
| Delivery brokerage | ₹20 per order (flat) | ₹20 or 2.5% per order (whichever is lower) |
| Intraday brokerage | ₹20 per order (flat) | ₹20 or 0.05% per order (whichever is lower) |
| F&O brokerage | ₹20 per order (flat) | ₹20 per order (options); ₹20 or 0.05% per order for futures (whichever is lower) |
| AMC | ₹25 per month + GST (per official pricing; BSDA conditions apply) | ₹0 (zero AMC) |
| Account opening | Free (online) | Free (online) |
| Trading API | 5paisa Xstream API — Free (per official page) | ANT API — Free (per official page) |
| Reported execution speed | ≈ 85 ms (median) | Not Disclosed |
| Algo support | Yes - via Xstream API | Yes - free ANT API; partnerships with algo platforms |
| Platforms | 5paisa app, 5paisa web, FnO 360 | ANT Mobi, ANT Web |
| Best for (published) | Cost-conscious traders comfortable with a subscription add-on model. | Price-sensitive algo traders exploring beyond the biggest names. |
Statutory charges (STT, exchange fees, GST, etc.) are not included. Figures are from official pricing pages at our last review — verify before opening an account.
Cost face-off: what real trades cost
| Trade | 5paisa | Alice Blue | Cheaper |
|---|---|---|---|
| Intraday: ₹1 lakh buy & sell | ₹82.97 | ₹82.97 | Tie |
| Delivery: ₹50,000 buy & sell | ₹178.98 | ₹178.98 | Tie |
| Options: premium ₹100 × 75 | ₹66.43 | ₹66.43 | Tie |
| Futures: ₹24,000 × 75 | ₹1,067.15 | ₹1,067.15 | Tie |
Illustrative quantities. Try your own trade in the compare-all brokerage calculator.
Feature check
| Feature | 5paisa | Alice Blue |
|---|---|---|
| Free delivery | – | – |
| Zero AMC | – | ✓ |
| Free API | ✓ | ✓ |
| TradingView | – | – |
| MCX commodity | ✓ | ✓ |
| Mutual funds | ✓ | ✓ |
| IPO | – | ✓ |
| Research desk | – | – |
| Published speed | ✓ | – |
What the published data shows
5paisa publishes an execution-speed figure; Alice Blue does not on verifiable sources.
Tools & profiles
- 5paisa full profile
- Alice Blue full profile
- 5paisa brokerage calculator
- Alice Blue brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
Related comparisons
- Zerodha vs 5paisa
- Zerodha vs Alice Blue
- Upstox vs 5paisa
- Upstox vs Alice Blue
- Groww vs 5paisa
- Groww vs Alice Blue
Frequently asked questions
5paisa vs Alice Blue: which has lower delivery brokerage?
At our last review, 5paisa published delivery brokerage as "₹20 per order (flat)" and Alice Blue as "₹20 or 2.5% per order (whichever is lower)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does 5paisa or Alice Blue have a trading API?
Both have documented APIs at review time: 5paisa (5paisa Xstream API), Alice Blue (ANT API). Compare pricing and rate limits on each broker's developer page.
Which is faster — 5paisa or Alice Blue?
5paisa publishes ≈ 85 ms (median). Alice Blue has no verifiable execution-speed figure we could cite.
Is 5paisa cheaper than Alice Blue?
On our four example trades (intraday, delivery, options and futures), 5paisa is cheaper on 0, Alice Blue on 0, and 4 are tied. Statutory charges are identical, so any difference comes from brokerage.
Are these comparisons independent?
Yes. Indian Broker Test is not affiliated with, sponsored by, or endorsed by any broker. Rankings and comparisons use only published official data; gaps are shown as Not Disclosed.
Sources
- 5paisa - official website - https://www.5paisa.com
- 5paisa - official pricing - https://www.5paisa.com/pricing
- Alice Blue - official website - https://aliceblueonline.com
- Alice Blue - official pricing - https://aliceblueonline.com/pricing/