Angel One vs 5paisa
Two discount brokers with ₹20-based pricing and a first-month offer. Angel One adds research; 5paisa keeps one flat fee.
Fees checked on against each broker's official pricing page.
Charges side by side
| Charge | Angel One | 5paisa |
|---|---|---|
| Account opening | ₹0. | ₹0. |
| Demat AMC | Free for the first year. After that, BSDA: nil up to ₹4 lakh and ₹100 + GST for ₹4–10 lakh; non-BSDA: ₹60 + GST per quarter. | Free for the first year. After that, non-BSDA: ₹300 a year (₹25 a month) + GST. BSDA: nil for holdings up to ₹4 lakh, ₹100 a year for ₹4–10 lakh. BSDA clients who hold more than one demat account pay ₹25 a month + 18% GST. |
| Equity delivery | ₹0 brokerage up to ₹500 in the first 30 days; then ₹20 or 0.1% per executed order, whichever is lower (minimum ₹5). | Flat ₹20 per executed order. |
| Equity intraday | ₹0 brokerage up to ₹500 in the first 30 days; then ₹20 or 0.1% per executed order, whichever is lower (minimum ₹5). | Flat ₹20 per executed order. |
| Futures | Flat ₹20 per executed order. | Flat ₹20 per executed order. |
| Options | Flat ₹20 per executed order. | Flat ₹20 per executed order. |
| DP charge (on selling delivery shares) | Every sell transaction per ISIN. ₹20 + 18% GST (₹23.60) per ISIN per transaction. Split: ₹3.50 CDSL + ₹16.50 Angel One (men), ₹3.25 + ₹16.75 (women). Angel One's example: selling TCS at 10 am and again later the same day attracts DP twice. | Per ISIN debit. ₹20 + GST per ISIN debit; credits are free (5paisa's demat-charges article, updated 18 Sep 2026). 5paisa's CDSL tariff listing words it as “Rs 20 per transaction per ISIN”. How several same-day sell orders are grouped is not stated; the calculator counts each sell order as a debit. |
| Margin trading (MTF) | Interest 0.041% per day on MTF borrowings (Angel One lists 0.049% per day for ordinary debit balances). | — |
| Other notable charges | Call & trade: ₹20 per order. DDPI: ₹100. Angel One's page also mentions an MTF interest revision to 14.99% a year (see the source-conflict note). | Zero brokerage for the first 30 days. Auto square-off: ₹20 + GST. Call & trade: ₹20 + GST. OFS/buyback: ₹20 + GST. Pledge, unpledge and invocation: ₹20 + GST per request. |
Company, regulation & platforms
| Angel One | 5paisa | |
|---|---|---|
| Type | Discount broker with research | Discount broker |
| Legal entity | Angel One Limited | 5paisa Capital Limited |
| SEBI registration | INZ000161534 | INZ000010231 |
| Mobile app | Angel One app (Android, iOS) | 5paisa app (Android, iOS) |
| Web / desktop | Angel One web trading, SmartAPI | 5paisa web trading |
| Best for | Investors who want research with low fees | One simple flat fee |
Key differences
Delivery and intraday: Angel One 0.1% or ₹20 (min ₹5); 5paisa ₹20 flat. For orders under ₹20,000, Angel One is cheaper.
F&O: ₹20 per order at both.
Offers: both advertise zero brokerage in the first 30 days (Angel One up to ₹500).
Extras: 5paisa's auto square-off is ₹20 + GST; call & trade is ₹20 at both.
AMC: Angel One ₹0 in year one, then ₹60 + GST a quarter (non-BSDA). 5paisa ₹0 in year one, then ₹300 a year (billed ₹25 a month) + GST, according to the tariff it filed with CDSL.
DP: both ₹20 + GST (₹23.60). Angel One charges per ISIN per sell transaction; 5paisa charges per ISIN debit.
For clarity the examples show brokerage by itself; GST, STT, exchange, SEBI fees and stamp duty are charged on top and are much the same at either broker.
Which should you choose?
- Choose Angel One for research reports and lower brokerage on small equity orders.
- Choose 5paisa for a single flat ₹20 fee and low square-off charges.
Angel One
Pros
- Flat ₹20 F&O brokerage
- SEBI-registered research arm
- Free AMC in the first year
Cons
- Brokerage on delivery trades after the first 30 days
- DP of ₹20 + GST on every sell transaction, even for the same stock on the same day
- Non-BSDA AMC applies from year two
5paisa
Pros
- One flat ₹20 fee across segments
- Low ancillary fees (₹20 + GST square-off and call & trade)
- Zero brokerage for the first 30 days
Cons
- ₹20 even on delivery orders
- DP of ₹20 + GST per ISIN debit
- No single consolidated tariff document; demat fees are spread across pages
Frequently asked questions
Which has lower brokerage, Angel One or 5paisa?
Both cap at ₹20. Angel One is cheaper on equity orders under ₹20,000 because it charges 0.1% up to the cap.
Sources
- Angel One – official pricing — accessed 30 September 2026
- 5paisa – official pricing — accessed 30 September 2026