5paisaSEBI INZ000010231
- Account opening
- ₹0
- Demat AMC
- ₹25/month + GST
- SME IPOs
- Yes
- Delivery brokerage
- ₹20/order
- Cost to sell ₹15,000 of IPO shares
- ₹38.94Brokerage and DP with GST, ours
FYERSSEBI INZ000008524
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 or 0.3%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹38.35Brokerage and DP with GST, ours
Where 5paisa and FYERS differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | 5paisa | FYERS |
|---|---|---|
| One mainboard lot, ₹15,000₹0.59 less at FYERS | ₹38.94 | ₹38.35 |
| Two SME lots, ₹2,50,000₹0.59 less at FYERS | ₹38.94 | ₹38.35 |
| A year: 12 mainboard lots sold₹7.08 less at FYERS | ₹467.28 | ₹460.20 |
Ours: brokerage and DP charge with 18% GST. STT and exchange charges are equal everywhere, so they are left out. SME bids are two lots.
- Demat maintenance (AMC): ₹25 a month plus GST, as listed on the pricing page at 5paisa, ₹0 for trading and demat accounts at FYERS.
- Equity delivery brokerage: ₹20 per executed order at 5paisa, ₹20 or 0.3% per executed order, whichever is lower at FYERS.
- DP charge on selling shares: ₹15.34 per scrip per day at 5paisa, ₹12.50 plus GST per scrip at FYERS.
- SME IPOs: Yes, SME IPOs are listed with an apply option at 5paisa, The help page lists applications by type at FYERS.
The same at both: account opening and Mainboard IPOs.
5paisa vs FYERS: charges side by side
Differs 5 of 7 charges differ between 5paisa and FYERS. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | 5paisa | FYERS |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹25 a month plus GST, as listed on the pricing page | ₹0 for trading and demat accounts |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, in the current IPO section | Yes, on the FYERS web and mobile platforms, with ₹0 brokerage |
| SME IPOs | Yes, SME IPOs are listed with an apply option | The help page lists applications by type (mainboard or SME) in the IPO section |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 per executed order | ₹20 or 0.3% per executed order, whichever is lower (Prime: ₹15 or 0.3%) |
| DP charge on selling shares | ₹15.34 per scrip per day | ₹12.50 plus GST per scrip (ISIN) |
| Registration | ||
| SEBI registration | INZ000010231 | INZ000008524 |
For other trading, equity intraday, Futures, Call and trade and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the 5paisa and FYERS pages.
5paisa and FYERS strengths and things worth checking
5paisa
Strengths
- Cheaper dealer orders
- ₹0 pledge
- SME IPOs
Worth checking
- Two pages, two headline prices
The brokerage charges page shows ₹0 "for all trades" while the pricing page lists ₹20 per order. Confirm which applies before you open an account.
- AMC
₹25 a month plus GST as listed.
- Flat ₹20 on delivery
Even small IPO share sales pay ₹20 brokerage.
FYERS
Strengths
- ₹0 AMC and account opening
- IPO applications free
- Low DP charge
Worth checking
- Brokerage on delivery
Up to ₹20 per order (₹15 on Prime).
- MTF on small amounts
16.49% a year on funding up to ₹1 lakh.
Brokerage calculator: 5paisa vs FYERS
| Charge | 5paisa | FYERS |
|---|
Ours, with NSE rates. Change the trade to see what 5paisa and FYERS would each charge.
Other comparisons
Every comparison with 5paisa or FYERS, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, 5paisa or FYERS?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹38.35 in broker charges at FYERS and ₹38.94 at 5paisa (our calculation). For two SME lots worth ₹2,50,000: 5paisa ₹38.94, FYERS ₹38.35 (our calculation, brokerage and DP charge with GST).
How much would the difference between 5paisa and FYERS be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, FYERS costs ₹7.08 less in broker charges (our calculation). Add the yearly AMC: 5paisa: ₹25 a month plus GST, as listed on the pricing page; FYERS: ₹0 for trading and demat accounts.
Can I apply for SME IPOs on 5paisa and FYERS?
5paisa lets you apply for SME IPOs; FYERS does not say so on the pages we checked.
What is the demat AMC at 5paisa and FYERS?
5paisa: ₹25 a month plus GST, as listed on the pricing page. FYERS: ₹0 for trading and demat accounts.
What brokerage do 5paisa and FYERS charge when I sell IPO shares?
Selling allotted shares is a delivery trade. On a ₹15,000 sale the brokerage with GST is ₹23.60 at 5paisa and ₹23.60 at FYERS (our calculation from their published rates).