5paisa
Listed Indian discount broker with a flat per-order fee, F&O tools, algo trading and US stocks.
Updated · AppBreakup editorial · Web, Android, iOS, Windows
Is 5paisa free?
Free plan, plus paid plans
Switch from 5paisa to
All 5
Zerodha KiteFree plan + paid
DhanFree plan + paid
UpstoxFree plan + paid
- Verified facts
- 5 of 5
- Alternatives ranked
- 5
- Approved reviews
- 0
- Visits sent from here
- 0
About 5paisa
5paisa is an Indian discount broker that calls itself the first listed one in the country. Its trading app, web platform and desktop terminals cover Indian stocks, futures and options, commodities, ETFs, IPOs, direct mutual funds and US stocks and ETFs. Pricing is a flat fee per executed order across equity delivery, intraday and F&O, with no account opening charge, a brokerage-free first month for new customers and no transaction cost on mutual funds and IPOs. Beyond the main app it has FnO 360 for derivatives traders, a keyboard-driven scalper terminal, trading from TradingView charts, the Xstream APIs and AlgoSpace for building and running algo strategies, plus margin trading. The Finschool learning platform covers market basics. Unlike Zerodha or Dhan, delivery trades aren't free, which matters more to long-term investors than to traders. It runs on Android, iOS, Windows and the web.
Best for: Indian traders who want flat ₹20 orders, F&O tools and algo trading from a listed broker.
5paisa pricing (checked Nov 8, 2026)
Each line is quoted from 5paisa's own site, with the page it came from.
| Plan or term | What it says | Checked | Source |
|---|---|---|---|
| Brokerage | ₹20 per order, all segments | Nov 8, 2026 | 5paisa.com |
| Account opening | ₹0 | Nov 8, 2026 | 5paisa.com |
Pros and cons
What works
- Flat fee per order across delivery, intraday and F&O
- Free account opening and a brokerage-free first month
- Algo trading, APIs and US stocks in one account
Why people leave
- Equity delivery trades are charged, unlike Zerodha or Dhan
- Extra charges for call-and-trade and auto square-off
- Lots of separate platforms to choose between
5paisa vs Zerodha Kite, Dhan and Upstox
From each app's listing and the prices verified on its own site. A dash means we haven't verified it yet.
| Attribute | 5paisa | Zerodha Kite | Dhan | Upstox |
|---|---|---|---|---|
| Pricing | Free plan + paid | Free plan + paid | Free plan + paid | Free plan + paid |
| Verified price | — | — | — | — |
| Free plan | Yes | Yes | Yes | Yes |
| Open source | No | No | No | No |
| Self-hostable | No | No | No | No |
| Platforms | Web, Android, iOS, Windows | Web, Android, iOS | Web, Android, iOS | Web, Android, iOS |
Top 5paisa alternatives
See all 5- 1Zerodha Kite68.8
Free equity delivery trades, which suits buy-and-hold investors better.
- 2Dhan64.8
No delivery brokerage plus a dedicated options app and free trading APIs.
- 3Upstox61.8
Same flat-fee pricing with TradingView charts and an API for algo traders.
- 4
Groww59.4Simpler app for beginners, with mutual funds, stocks and US stocks together.
- 5
Angel One57.5Full-service broker with research and advisory if you want recommendations.
Why people left 5paisa
In reviewers' own words, from reviews of the apps they moved to. These are their opinions, not ours.
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Reviews
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5paisa: common questions
What is 5paisa?
5paisa: Listed Indian discount broker with a flat per-order fee, F&O tools, algo trading and US stocks. Best for indian traders who want flat ₹20 orders, F&O tools and algo trading from a listed broker. Available for Web, Android, iOS and Windows.
Is 5paisa free?
5paisa has a free plan and paid plans.
How much does 5paisa cost?
5paisa is free with paid plans. Brokerage: ₹20 per order, all segments; Account opening: ₹0. Checked on 5paisa's own site, November 2026.
Is 5paisa open source?
No, 5paisa is not open source.
What platforms does 5paisa run on?
5paisa is available for Web, Android, iOS and Windows.
What are the best alternatives to 5paisa?
The highest-ranked 5paisa alternatives right now are Zerodha Kite, Dhan and Upstox. See the full ranked list for pricing, platforms and verified facts.
5paisa vs Zerodha Kite: what's the difference?
Both 5paisa and Zerodha Kite are free with paid plans. Only 5paisa runs on Windows.