About 5paisa
5paisa.com is a leading online stockbroker offering discount brokerage services to retail investors in India. 5paisa Capital Ltd is a publicly traded and professionally managed company promoted by IIFL founders. As of August 2025, 5paisa has over 3.85 lakh active traders, according to data from NSE.
5paisa offers online trading in equity on BSE and NSE and commodity trading under MCX. It is a flat... 
About m.Stock
Incorporated in April 2022 by Mirae Asset Capital Markets (India) Pvt Ltd, m.Stock offers a comprehensive range of stockbroking services to retail clients under its brand. It offers investment opportunities in stocks, currencies, IPOs and direct mutual funds.
m.Stocks offer Rs 0 account opening fee, Free Delivery Plan across Mutual Funds, ETF, IPO, and brokerage of Rs 5 applicable on Equity Intrad...
Incorporated in 1996, 5paisa is a Discount Broker. It offers trading at NSE, BSE. It has 1 branches across India. Incorporated in 2022, m.Stock is a Discount. It offers trading at BSE, NSE, MCX. It has 0 branches across India.
| 5paisa | m.Stock | |
|---|---|---|
| Type of Broker | Discount Broker | Discount |
| Exchnage Membership | NSE, BSE | BSE, NSE, MCX |
| Year of Incorporation | 1996 | 2022 |
| Number of Branches | 1 | 0 |
| Open 5paisa Account |
5paisa trading account opening charges is Rs 0 (Free) while m.Stock account opening changes is Rs 0. 5paisa Demat Account AMC Charges is Rs 300 (₹75 charged quarterly) and m.Stock Demat Account AMC Charges is Rs 219 per quarter (Quarterly operating charges).
| 5paisa | m.Stock | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 |
| Trading Account AMC Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 |
| Demat Account AMC Charges | Rs 300 (₹75 charged quarterly) | Rs 219 per quarter (Quarterly operating charges) |
5paisa brokerage charges for equity is Rs 20 per executed order and intraday is Rs 20 per executed order whereas m.Stock brokerage charges for equity is Rs 0 (Free) and intraday is Rs 5 per executed orders.
| Account Type | 5paisa Regular Account Plan | m.Stock |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | Rs 20 per executed order | Rs 0 (Free) |
| Equity Intraday | Rs 20 per executed order | Rs 5 per executed orders |
| Equity Futures | Rs 20 per executed order | Rs 5 per executed orders |
| Equity Options | Rs 20 per executed order | Rs 5 per executed orders |
| Currency Futures | Rs 20 per executed order | Rs 5 |
| Currency Options | Rs 20 per executed order | Rs 5 |
| Commodity Futures | Rs 20 per executed order | NA |
| Commodity Options | Rs 20 per executed order | NA |
| Special Offer | Special Offer: FREE Account Opening (Rs 650 waived) + Brokerage-free Mutual Funds + Trade at flat Rs 20 per order. Open Instant Account with 5paisa and start trading today. | Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
| Minimum Brokerage | Rs 20 per trade | |
| Other Charges | Rs 5/order - MTF | |
| Call & Trade Charges | Additional ₹20 per order + GST | Rs 0 (Free) |
| Open 5paisa Account |
5paisa margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the m.Stock margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| 5paisa | m.Stock | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
| Open 5paisa Account |
The trading platforms offered 5paisa include 5paisa Trade Station (Web, Mobile App and EXE). m.Stock offers Mobile App & Web Platform trading software.
| 5paisa | m.Stock | |
|---|---|---|
| 3 in 1 Account |  | |
| Automated Trading |  | |
| Margin Trading Funding | | |
| Margin Against Shares (Equity Cash) | | |
| Margin Against Shares (Equity F&O) | | |
| Trading Platform | 5paisa Trade Station (Web, Mobile App and EXE) | Mobile App & Web Platform |
| Intraday Square-off Time | Optimum Plan: 3:10 PM, Platinum Plan: 3:20 PM | |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | Buyback Trading | |
| Open 5paisa Account |
5paisa is rated of 5 based on 97 customer reviews whereas m.Stock is rated of 5 based on 3 customer reviews.
| 5paisa | m.Stock | |
|---|---|---|
97 Customer Reviews  | 3 Customer Reviews | |
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| Brokerage |  |  |
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| Research Capabilities |  | |
| Overall Rating |  |  |
| Broker Rating | 5paisa is Rated 2.6 / 5 based on 97 customer reviews | m.Stock is Rated 3.7 / 5 based on 3 customer reviews |
| 5paisa | m.Stock | |
|---|---|---|
| Contact Broker | FREE Account Opening (Rs 650 waived) + Brokerage-free Mutual Funds + Trade at flat Rs 20 per order. Open Instant Account with 5paisa and start trading today. | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
| 5paisa | m.Stock | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| 5paisa | m.Stock | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Open 5paisa Account |
| 5paisa | m.Stock | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| 5paisa | m.Stock | |
|---|---|---|
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| Promo / Offers | 5paisa Special Offer5paisa.com Limited Time Offer - Free Account Opening (Rs 650 waived)Open 5Paisa Trading Account and get Free Trading, Demat and Mutual Fund Account + FREE 1st year Demat AMC + Trade at flat Rs 20 per order. Open Online Account Now! and start trading today. | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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| Open 5paisa Account |
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