Broker comparison
5paisa vs IIFL Securities (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of 5paisa and IIFL Securities from published official pricing and features — no affiliation with either broker.
- 3 – 0Cheaper on example trades (5paisa – IIFL Securities)
- 4 – 5Published features (of 9)
| Metric | 5paisa | IIFL Securities |
|---|---|---|
| Delivery brokerage | ₹20 per order (flat) | 0.25% per order (Investor Plan - Online Plus, per official rate card) |
| Intraday brokerage | ₹20 per order (flat) | 0.025% per order (Investor Plan - Online Plus) |
| F&O brokerage | ₹20 per order (flat) | Futures 0.025% per order; options ₹25 per lot (Investor Plan - Online Plus) |
| AMC | ₹25 per month + GST (per official pricing; BSDA conditions apply) | Free first year, then ₹250 + GST per year |
| Account opening | Free (online) | Free (₹0 online) |
| Trading API | 5paisa Xstream API — Free (per official page) | IIFL Securities API |
| Reported execution speed | ≈ 85 ms (median) | ≈ 95 ms (median) |
| Algo support | Yes - via Xstream API | Yes - via IIFL trading API |
| Platforms | 5paisa app, 5paisa web, FnO 360 | IIFL Markets app, IIFL web (Trading Terminal), IIFL NEST desktop |
| Best for (published) | Cost-conscious traders comfortable with a subscription add-on model. | Investors who want a full-service broker with in-house research and wide product coverage. |
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 | IIFL Securities | Cheaper |
|---|---|---|---|
| Intraday: ₹1 lakh buy & sell | ₹82.97 | ₹95.06 | 5paisa (saves ₹12.09) |
| Delivery: ₹50,000 buy & sell | ₹178.98 | ₹441.53 | 5paisa (saves ₹262.55) |
| Options: premium ₹100 × 75 | ₹66.43 | Not modelled | - |
| Futures: ₹24,000 × 75 | ₹1,067.15 | ₹2,083.06 | 5paisa (saves ₹1,015.91) |
Illustrative quantities. Try your own trade in the compare-all brokerage calculator.
Feature check
| Feature | 5paisa | IIFL Securities |
|---|---|---|
| Free delivery | – | – |
| Zero AMC | – | – |
| Free API | ✓ | – |
| TradingView | – | – |
| MCX commodity | ✓ | ✓ |
| Mutual funds | ✓ | ✓ |
| IPO | – | ✓ |
| Research desk | – | ✓ |
| Published speed | ✓ | ✓ |
What the published data shows
Both publish execution-speed figures (5paisa: ≈ 85 ms (median); IIFL Securities: ≈ 95 ms (median)) — methodologies differ; see each profile before comparing on speed alone.
Tools & profiles
- 5paisa full profile
- IIFL Securities full profile
- 5paisa brokerage calculator
- IIFL Securities brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
5paisa vs IIFL Securities: which has lower delivery brokerage?
At our last review, 5paisa published delivery brokerage as "₹20 per order (flat)" and IIFL Securities as "0.25% per order (Investor Plan - Online Plus, per official rate card)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does 5paisa or IIFL Securities have a trading API?
Both have documented APIs at review time: 5paisa (5paisa Xstream API), IIFL Securities (IIFL Securities API). Compare pricing and rate limits on each broker's developer page.
Which is faster — 5paisa or IIFL Securities?
5paisa publishes ≈ 85 ms (median); IIFL Securities publishes ≈ 95 ms (median). Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.
Is 5paisa cheaper than IIFL Securities?
On our four example trades (intraday, delivery, options and futures), 5paisa is cheaper on 3, IIFL Securities on 0, and 0 are tied, with the rest not modelled from published pricing. 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
- IIFL Securities - official website - https://www.iiflcapital.com
- IIFL Securities - official pricing - https://www.iiflcapital.com/brokerage-charges