Broker comparison
Upstox vs 5paisa (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Upstox and 5paisa from published official pricing and features — no affiliation with either broker.
- 0 – 0Cheaper on example trades (Upstox – 5paisa)
- 5 – 4Published features (of 9)
| Metric | Upstox | 5paisa |
|---|---|---|
| Delivery brokerage | ₹20 per order (flat) | ₹20 per order (flat) |
| Intraday brokerage | ₹20 or 0.1% per order (whichever is lower) | ₹20 per order (flat) |
| F&O brokerage | ₹20 per order (options); ₹20 or 0.05% per order for futures (whichever is lower) | ₹20 per order (flat) |
| AMC | ₹0 first year, then ₹300 + GST per year | ₹25 per month + GST (per official pricing; BSDA conditions apply) |
| Account opening | Free (online) | Free (online) |
| Trading API | Upstox API — Free (per official developer page) | 5paisa Xstream API — Free (per official page) |
| Reported execution speed | ≈ 135 ms (median) | ≈ 85 ms (median) |
| Algo support | Yes - via Upstox API | Yes - via Xstream API |
| Platforms | Upstox app, Upstox web (Pro) | 5paisa app, 5paisa web, FnO 360 |
| Best for (published) | Intraday and options traders who prioritise app speed and a free API. | Cost-conscious traders comfortable with a subscription add-on model. |
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 | Upstox | 5paisa | 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 | Upstox | 5paisa |
|---|---|---|
| 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 (Upstox: ≈ 135 ms (median); 5paisa: ≈ 85 ms (median)) — methodologies differ; see each profile before comparing on speed alone.
Tools & profiles
- Upstox full profile
- 5paisa full profile
- Upstox brokerage calculator
- 5paisa brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Upstox vs 5paisa: which has lower delivery brokerage?
At our last review, Upstox published delivery brokerage as "₹20 per order (flat)" and 5paisa as "₹20 per order (flat)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does Upstox or 5paisa have a trading API?
Both have documented APIs at review time: Upstox (Upstox API), 5paisa (5paisa Xstream API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Upstox or 5paisa?
Upstox publishes ≈ 135 ms (median); 5paisa publishes ≈ 85 ms (median). Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.
Is Upstox cheaper than 5paisa?
On our four example trades (intraday, delivery, options and futures), Upstox is cheaper on 0, 5paisa 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
- Upstox - official website - https://upstox.com
- Upstox - official pricing - https://upstox.com/brokerage-charges/
- 5paisa - official website - https://www.5paisa.com
- 5paisa - official pricing - https://www.5paisa.com/pricing