Broker comparison
5paisa vs Arrow (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of 5paisa and Arrow from published official pricing and features — no affiliation with either broker.
| Metric | 5paisa | Arrow |
|---|---|---|
| Delivery brokerage | ₹20 per order (flat) | ₹0 (free) |
| Intraday brokerage | ₹20 per order (flat) | ₹20 or 0.03% per order (whichever is lower) |
| F&O brokerage | ₹20 per order (flat) | ₹20 per order (options); ₹20 or 0.03% per order for futures (whichever is lower) |
| AMC | ₹0 for BSDA; up to ₹300 + GST per year on higher holdings | ₹0 (individual accounts; ₹500/year for non-individual accounts) |
| Account opening | Free (online) | ₹0 (free) |
| Trading API | 5paisa Xtream API — See official developer page | Arrow API — See official docs |
| Reported execution speed | ≈ 85 ms (median) | 95% < 2.9 ms · 99% < 4 msself-reported |
| Algo support | Yes - via Xtream API | API with Python & Go clients; in-house algo tools “Coming soon” per official site |
| Platforms | 5paisa app, 5paisa web, FnO 360 | Arrow mobile app (iOS/Android), Arrow web, Python & Go clients |
| Best for (published) | Cost-conscious traders comfortable with a subscription add-on model. | Latency-sensitive and professional traders who prioritise order-execution speed. |
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.
What the published data shows
Arrow publishes free equity delivery; 5paisa does not (per official pricing at review). Both publish execution-speed figures (5paisa: ≈ 85 ms (median); Arrow: 95% < 2.9 ms · 99% < 4 ms) — methodologies differ; see each profile before comparing on speed alone.
Tools & profiles
- 5paisa full profile
- Arrow full profile
- 5paisa brokerage calculator
- Arrow brokerage calculator
- Lowest brokerage brokers in India
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Frequently asked questions
5paisa vs Arrow: which has lower delivery brokerage?
At our last review, 5paisa published delivery brokerage as "₹20 per order (flat)" and Arrow as "₹0 (free)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does 5paisa or Arrow have a trading API?
Both have documented APIs at review time: 5paisa (5paisa Xtream API), Arrow (Arrow API). Compare pricing and rate limits on each broker's developer page.
Which is faster — 5paisa or Arrow?
5paisa publishes ≈ 85 ms (median); Arrow publishes 95% < 2.9 ms · 99% < 4 ms. Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.
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
- 5paisa - official website - https://www.5paisa.com
- 5paisa - official pricing - https://www.5paisa.com/pricing
- Arrow - official website - https://arrow.trade
- Arrow - official pricing - https://arrow.trade/pricing