Broker profile
5paisa Review (2026): Brokerage, Platforms, API & Execution - The Published Facts
5paisa, part of the IIFL group and listed on Indian exchanges, was one of the earliest flat-fee discount brokers in India. It charges a uniform ₹20 per order across segments and layers optional subscription packs for research and higher-touch features. Its execution-speed figure here (median ≈ 85 ms) is taken from the independent AlgoTest Broker Speedtest, where its place-order latency is measured live during market hours.
At a glance
5paisa brokerage calculator · Compare 5paisa with other brokers
- Type
- Discount broker
- Official website
- https://www.5paisa.com
- Delivery brokerage
- ₹20 per order (flat)
- Intraday brokerage
- ₹20 per order (flat)
- F&O brokerage
- ₹20 per order (flat)
- Account opening
- Free (online)
- AMC
- ₹0 for BSDA; up to ₹300 + GST per year on higher holdings
- Platforms
- 5paisa app, 5paisa web, FnO 360
- Trading API
- 5paisa Xtream API - See official developer page (docs)
- Products
- Equity, F&O, Currency, Commodity, Mutual funds, Insurance
- Exchanges
- NSE, BSE, MCX
- Algo support
- Yes - via Xtream API
- Reported execution speed
- ≈ 85 ms (median)
- Margin
- MTF available
- Research
- Subscription-based research packs
Strengths (published)
- Simple flat ₹20 pricing across all segments
- Listed company with published financials
- Dedicated F&O platform (FnO 360)
Limitations
- Delivery is not free, unlike several rivals
- Add-on subscriptions can raise effective cost
Who is it best for?
Cost-conscious traders comfortable with a subscription add-on model.
This profile is compiled only from the sources listed below. Fields marked Not Disclosed mean no verifiable published figure existed at review time - we never estimate or infer. This is information, not investment advice, and this site has no relationship with 5paisa.
Frequently asked questions
What brokerage does 5paisa charge?
Per its official pricing at our last review: delivery ₹20 per order (flat); intraday ₹20 per order (flat); F&O ₹20 per order (flat). Statutory charges apply on top. Verify the current schedule on the official pricing page, as rates change without notice.
Does 5paisa offer a trading API?
Yes - 5paisa Xtream API. Published pricing: See official developer page. See the official documentation for rate limits and terms.
How fast is 5paisa's order execution?
The published figure is ≈ 85 ms (median), from a published third-party comparison. It is approximate, not independently audited, and varies with device, network and market conditions.
Who is 5paisa best suited for?
Cost-conscious traders comfortable with a subscription add-on model.
Related brokers
- Zerodha
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- Upstox
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- Groww
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- Angel One
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- Dhan
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- Fyers
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Head-to-head comparisons
- 5paisa vs Zerodha
- 5paisa vs Upstox
- 5paisa vs Groww
- 5paisa vs Angel One
- 5paisa vs Dhan
- 5paisa vs Fyers
- 5paisa vs ICICI Direct
- 5paisa vs Kotak Neo (Kotak Securities)
Sources
- 5paisa - official website - https://www.5paisa.com
- 5paisa - official pricing page - https://www.5paisa.com/pricing
- 5paisa - official API page - https://www.5paisa.com/developerapi
- AlgoTest Broker Speedtest - https://openbroker.in/ (Independent, live place-order latency measured by AlgoTest and refreshed every 15 minutes during market hours. The figure shown is the median of AlgoTest’s 15-minute measurement windows; latency varies with network path and market conditions.)