Broker comparison
5paisa vs Arrow (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of 5paisa and Arrow from published official pricing and features — no affiliation with either broker.
- 0 – 1Cheaper on example trades (5paisa – Arrow)
- 4 – 4Published features (of 9)
| Metric | 5paisa | Arrow |
|---|---|---|
| Delivery brokerage | ₹20 per order (flat) | ₹0 (free) |
| Intraday brokerage | ₹20 per order (flat) | ₹20 or 0.03% per order (whichever is lower) |
| F&O brokerage | ₹20 per order (flat) | ₹20 per order (options); ₹20 or 0.03% per order for futures (whichever is lower) |
| AMC | ₹25 per month + GST (per official pricing; BSDA conditions apply) | ₹0 (individual accounts; ₹500/year for non-individual accounts) |
| Account opening | Free (online) | ₹0 (free) |
| Trading API | 5paisa Xstream API — Free (per official page) | Arrow API — See official docs |
| Reported execution speed | ≈ 85 ms (median) | 95% < 2.9 ms · 99% < 4 msself-reported |
| Algo support | Yes - via Xstream API | API with Python & Go clients; in-house algo tools “Coming soon” per official site |
| Platforms | 5paisa app, 5paisa web, FnO 360 | Arrow mobile app (iOS/Android), Arrow web, Python & Go clients |
| Best for (published) | Cost-conscious traders comfortable with a subscription add-on model. | Latency-sensitive and professional traders who prioritise order-execution speed. |
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 | Arrow | Cheaper |
|---|---|---|---|
| Intraday: ₹1 lakh buy & sell | ₹82.97 | ₹82.97 | Tie |
| Delivery: ₹50,000 buy & sell | ₹178.98 | ₹131.78 | Arrow (saves ₹47.2) |
| 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 | Arrow |
|---|---|---|
| Free delivery | – | ✓ |
| Zero AMC | – | ✓ |
| Free API | ✓ | – |
| TradingView | – | – |
| MCX commodity | ✓ | ✓ |
| Mutual funds | ✓ | – |
| IPO | – | – |
| Research desk | – | – |
| Published speed | ✓ | ✓ |
What the published data shows
Arrow publishes free equity delivery; 5paisa does not (per official pricing at review). Both publish execution-speed figures (5paisa: ≈ 85 ms (median); Arrow: 95% < 2.9 ms · 99% < 4 ms) — methodologies differ; see each profile before comparing on speed alone.
Tools & profiles
- 5paisa full profile
- Arrow full profile
- 5paisa brokerage calculator
- Arrow brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
5paisa vs Arrow: which has lower delivery brokerage?
At our last review, 5paisa published delivery brokerage as "₹20 per order (flat)" and Arrow as "₹0 (free)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does 5paisa or Arrow have a trading API?
Both have documented APIs at review time: 5paisa (5paisa Xstream API), Arrow (Arrow API). Compare pricing and rate limits on each broker's developer page.
Which is faster — 5paisa or Arrow?
5paisa publishes ≈ 85 ms (median); Arrow publishes 95% < 2.9 ms · 99% < 4 ms. Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.
Is 5paisa cheaper than Arrow?
On our four example trades (intraday, delivery, options and futures), 5paisa is cheaper on 0, Arrow on 1, and 3 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
- Arrow - official website - https://arrow.trade
- Arrow - official pricing - https://arrow.trade/pricing