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
ProStocksSEBI INZ000048660
- Account opening
- ₹0
- Demat AMC
- ₹0 (₹1,000 deposit)
- SME IPOs
- Not stated
- Delivery brokerage
- ₹0
- Cost to sell ₹15,000 of IPO shares
- ₹23.60Brokerage and DP with GST, ours
Where 5paisa and ProStocks differ
7 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | 5paisa | ProStocks |
|---|---|---|
| One mainboard lot, ₹15,000₹15.34 less at ProStocks | ₹38.94 | ₹23.60 |
| Two SME lots, ₹2,50,000₹15.34 less at ProStocks | ₹38.94 | ₹23.60 |
| A year: 12 mainboard lots sold₹184.08 less at ProStocks | ₹467.28 | ₹283.20 |
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.
- Account opening: ₹0 at 5paisa, No fee listed at ProStocks.
- Demat maintenance (AMC): ₹25 a month plus GST, as listed on the pricing page at 5paisa, None at ProStocks.
- Equity delivery brokerage: ₹20 per executed order at 5paisa, ₹0 at ProStocks.
- DP charge on selling shares: ₹15.34 per scrip per day at 5paisa, ₹20 per scrip plus 18% GST at ProStocks.
- Mainboard IPOs: Yes, in the current IPO section at 5paisa, not stated at ProStocks.
- SME IPOs: Yes, SME IPOs are listed with an apply option at 5paisa, not stated at ProStocks.
5paisa vs ProStocks: charges side by side
Differs 7 of 7 charges differ between 5paisa and ProStocks. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | 5paisa | ProStocks |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | No fee listed (online application) |
| Demat maintenance (AMC) | ₹25 a month plus GST, as listed on the pricing page | None; ₹1,000 refundable demat deposit |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, in the current IPO section | Not stated on the pages we checked |
| 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 | ₹0 (flat fee plan) |
| DP charge on selling shares | ₹15.34 per scrip per day | ₹20 per scrip plus 18% GST |
| Registration | ||
| SEBI registration | INZ000010231 | INZ000048660 |
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 ProStocks pages.
5paisa and ProStocks 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.
ProStocks
Strengths
- ₹0 delivery brokerage
- No AMC
- Cheap dealer orders
Worth checking
- Refundable deposit
₹1,000 demat deposit.
- IPO access not stated
The pricing page does not mention IPO applications.
Brokerage calculator: 5paisa vs ProStocks
| Charge | 5paisa | ProStocks |
|---|
Ours, with NSE rates. Change the trade to see what 5paisa and ProStocks would each charge.
Other comparisons
Every comparison with 5paisa or ProStocks, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, 5paisa or ProStocks?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹23.60 in broker charges at ProStocks and ₹38.94 at 5paisa (our calculation). For two SME lots worth ₹2,50,000: 5paisa ₹38.94, ProStocks ₹23.60 (our calculation, brokerage and DP charge with GST).
How much would the difference between 5paisa and ProStocks be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, ProStocks costs ₹184.08 less in broker charges (our calculation). Add the yearly AMC: 5paisa: ₹25 a month plus GST, as listed on the pricing page; ProStocks: None.
Can I apply for SME IPOs on 5paisa and ProStocks?
5paisa lets you apply for SME IPOs; ProStocks does not say so on the pages we checked.
Is account opening free at 5paisa and ProStocks?
5paisa: ₹0. ProStocks: No fee listed.
What is the demat AMC at 5paisa and ProStocks?
5paisa: ₹25 a month plus GST, as listed on the pricing page. ProStocks: None.