Broker Comparison
Angel One vs 5Paisa (2026)
A factual, side-by-side comparison of Angel One and 5Paisa — two listed Indian discount brokers with different product approaches. Covers brokerage charges, subscription plans, research tools, platform quality, customer support, and the investor profiles each broker is associated with.
Published: April 2026. Data sourced from publicly available broker pricing pages. Not investment advice.
Quick Verdict
Angel One and 5Paisa are both listed discount brokers with comparable base brokerage structures (₹0 delivery, ₹20 flat intraday and F&O). 5Paisa differentiates through subscription-based plans that lower per-order costs for high-frequency traders, while Angel One differentiates through its nationwide branch network, in-house research reports, and the ARQ Prime advisory layer. Angel One has a longer operating history and a larger client base; 5Paisa positions itself as a leaner, cost-focused platform.
At a Glance: Comparison Table
| Feature | Angel One | 5Paisa |
|---|---|---|
| Account opening fee | ₹0 | ₹0 |
| Equity delivery brokerage | ₹0 | ₹0 |
| Equity intraday brokerage | ₹20 or 0.05%, lower | ₹20 or 0.05%, lower |
| F&O brokerage | ₹20 per order | ₹20 per order (₹10 on power plan) |
| Subscription plans | No | Yes — Ultra/Power trader plans |
| Demat AMC | ₹240+GST/yr (from yr 2) | ₹45+GST/quarter (from yr 2) |
| Platform / app | Angel One App — SmartAPI + research | 5Paisa App — standard features |
| Customer support | Chat, email, phone, branch support | Chat, email; limited phone |
| API access | SmartAPI (public) | Limited API |
| MF investment | Yes — direct and regular plans | Yes — direct plans |
| Research reports | Yes — in-house equity research | Basic research content |
| Physical branches | Yes — nationwide network | No |
| Listed on exchanges | Yes (NSE: ANGELONE) | Yes (NSE: 5PAISA) |
Brokerage Charges in Detail
Both Angel One and 5Paisa use a flat-fee model for standard accounts. Equity delivery is free of brokerage at both platforms, and intraday equity and F&O orders are charged at ₹20 per executed order or 0.05% of turnover, whichever is lower, on the base plan.
5Paisa's differentiation on cost comes through its subscription plans. As of 2025 pricing disclosures, 5Paisa offered plans (marketed under names such as Power Trader or Ultra Trader) where a fixed monthly fee provided reduced per-order brokerage — in some cases as low as ₹10 per order for high-volume traders. For investors executing a large number of intraday or F&O orders monthly, the subscription model could represent a material saving. For low-frequency traders or those primarily in delivery equity, the base plans are identical in structure.
On annual maintenance charges, both brokers charge from the second year. Angel One charged approximately ₹240+GST per year, while 5Paisa charged approximately ₹45+GST per quarter (approximately ₹180+GST per year). Use our brokerage calculator to compare the full transaction cost breakdown.
Platform and App Experience
Angel One's app has evolved considerably from its legacy Angel Broking interface. It now bundles research reports, the ARQ Prime advisory module, SmartAPI terminal access, and a mutual fund investing interface within a single application. The charting capabilities have improved but remain less advanced than platforms with TradingView integration. The key strength of the Angel One app is its comprehensiveness — users can access market data, research, advisory insights, and order placement in one place.
5Paisa's trading app provides standard discount broker functionality — order placement, portfolio tracking, watchlists, and basic charting. It is a functional platform but is generally positioned as a cost-focused tool rather than a feature-rich trading environment. The 5Paisa Trade Station, a web-based terminal, provides a more advanced interface for active traders who prefer desktop-based analysis and execution.
Research and Advisory
Angel One provides in-house equity research coverage, including analyst reports on individual stocks, sector outlooks, and quarterly earnings commentary. This research is made available to account holders within the app. The ARQ Prime module applies quantitative models to generate portfolio suggestions — this is a rule-based, algorithm-driven feature, not a SEBI-registered personalised financial planning service.
5Paisa offers some research content through its platform, including market updates and basic stock coverage, but its research depth is generally considered less extensive than Angel One's in-house offering. For investors who specifically want a broker-bundled research layer, Angel One has a clear structural advantage.
Customer Support and Branch Access
Angel One's full-service heritage is most apparent in its support infrastructure. It maintains a nationwide network of branches and authorised persons (sub-brokers / franchisee offices), which provides in-person account support for investors across Tier 2 and Tier 3 cities. Phone support is available alongside the standard digital channels.
5Paisa operates as a digital-only broker. Support is available through in-app chat and email; phone support access is more limited compared to Angel One. Investors who prefer or need branch-based or phone-first support will find Angel One more accessible on this dimension.
API Access
Angel One provides SmartAPI — a well-documented, publicly available trading API that supports order management, live market data streaming via WebSocket, historical data, and portfolio endpoints. SmartAPI has an established community of algo traders and third-party integrations.
5Paisa's API offering is more limited and is not prominently positioned for the algorithmic trading community. Investors who specifically need a robust broker API for systematic or automated strategies will generally find SmartAPI at Angel One more suitable.
Who Each Broker Is Associated With
Angel One is associated with a broad investor demographic including those in smaller cities who value branch support, investors transitioning from full-service brokers who want research alongside discount pricing, and algo traders using SmartAPI. Its longer history (founded in 1987 as Angel Broking) has built a large and geographically diverse client base.
5Paisais associated with cost-focused, digitally comfortable traders — particularly active traders who execute a high volume of intraday or F&O orders and benefit from the subscription pricing plans. Its positioning as a lean, low-cost platform has attracted traders for whom the subscription plan economics are favourable relative to per-trade charging.
Open an account — Angel One
Open an Angel One account — available online and through branch offices across India
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Open an account — 5Paisa
Open a 5Paisa account online — flat ₹20 brokerage, subscription plans available for active traders
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Frequently Asked Questions
Which is cheaper — Angel One or 5Paisa?
Both brokers charge ₹0 for equity delivery and ₹20 flat for intraday and F&O trades on the standard plan. 5Paisa offers subscription-based plans that can reduce the per-order charge to as low as ₹10 for high-volume traders. Angel One does not have an equivalent subscription plan structure.
Is 5Paisa a listed company?
Yes. 5Paisa Capital Limited (NSE: 5PAISA) is listed on Indian stock exchanges, which means its financials are publicly disclosed on a quarterly basis. Angel One is also listed (NSE: ANGELONE).
Does Angel One have physical branches?
Yes. Angel One (formerly Angel Broking) has maintained a nationwide network of branches and franchisee offices. 5Paisa operates primarily as a digital-only broker with no significant branch network.
Which broker provides better research tools?
Angel One provides in-house equity research reports and an ARQ Prime rule-based advisory layer. 5Paisa also offers research content but it is generally considered less extensive than Angel One's. Neither constitutes SEBI-registered investment advice.
Related Tools and Pages
Use our brokerage calculator to compare total transaction costs. Individual broker profiles: Angel One review, 5Paisa review. Other comparisons: Upstox vs Angel One, Groww vs 5Paisa.
This comparison is educational only and does not constitute investment or financial advice. Brokerage charges, AMC, and features are sourced from publicly available information as of April 2026 and may change — always verify directly with each broker before opening an account. Some links on this page are affiliate links; EquitiesIndia.com may earn a commission if you open an account through them. Affiliate relationships do not influence the content of this comparison. EquitiesIndia.com is not a SEBI-registered investment adviser.