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
m.StockSEBI INZ000163138
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹10/order
- Cost to sell ₹15,000 of IPO shares
- ₹33.04Brokerage and DP with GST, ours
Where 5paisa and m.Stock differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | 5paisa | m.Stock |
|---|---|---|
| One mainboard lot, ₹15,000₹5.90 less at m.Stock | ₹38.94 | ₹33.04 |
| Two SME lots, ₹2,50,000₹5.90 less at m.Stock | ₹38.94 | ₹33.04 |
| A year: 12 mainboard lots sold₹70.80 less at m.Stock | ₹467.28 | ₹396.48 |
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 at m.Stock.
- Equity delivery brokerage: ₹20 per executed order at 5paisa, ₹10 per order at m.Stock.
- DP charge on selling shares: ₹15.34 per scrip per day at 5paisa, ₹18 plus GST per debit transaction at m.Stock.
- SME IPOs: Yes, SME IPOs are listed with an apply option at 5paisa, not stated at m.Stock.
The same at both: account opening and Mainboard IPOs.
5paisa vs m.Stock: charges side by side
Differs 5 of 7 charges differ between 5paisa and m.Stock. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | 5paisa | m.Stock |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹25 a month plus GST, as listed on the pricing page | ₹0 |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, in the current IPO section | Yes, with a two-click application |
| SME IPOs | Yes, SME IPOs are listed with an apply option | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 per executed order | ₹10 per order |
| DP charge on selling shares | ₹15.34 per scrip per day | ₹18 plus GST per debit transaction |
| Registration | ||
| SEBI registration | INZ000010231 | INZ000163138 |
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 m.Stock pages.
5paisa and m.Stock 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.
m.Stock
Strengths
- ₹10 per order
- ₹0 AMC
- Free call and trade
Worth checking
- System square-off is costly
₹100 plus GST per order if m.Stock squares off your intraday position.
- DP charge
₹18 plus GST per sale.
Brokerage calculator: 5paisa vs m.Stock
| Charge | 5paisa | m.Stock |
|---|
Ours, with NSE rates. Change the trade to see what 5paisa and m.Stock would each charge.
Other comparisons
Every comparison with 5paisa or m.Stock, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, 5paisa or m.Stock?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹33.04 in broker charges at m.Stock and ₹38.94 at 5paisa (our calculation). For two SME lots worth ₹2,50,000: 5paisa ₹38.94, m.Stock ₹33.04 (our calculation, brokerage and DP charge with GST).
How much would the difference between 5paisa and m.Stock be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, m.Stock costs ₹70.80 less in broker charges (our calculation). Add the yearly AMC: 5paisa: ₹25 a month plus GST, as listed on the pricing page; m.Stock: ₹0.
Can I apply for SME IPOs on 5paisa and m.Stock?
5paisa lets you apply for SME IPOs; m.Stock does not say so on the pages we checked.
What is the demat AMC at 5paisa and m.Stock?
5paisa: ₹25 a month plus GST, as listed on the pricing page. m.Stock: ₹0.
What brokerage do 5paisa and m.Stock 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 ₹11.80 at m.Stock (our calculation from their published rates).