5paisa vs Anand Rathi

A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.

5paisa
5paisa
Discount Broker · since 2007
VS
Anand Rathi
Full-Service Broker · since 1994
Anand Rathi

5paisa vs Anand Rathi — quick verdict

Choose 5paisa if

You want low-cost, self-directed trading

India Ka Favourite Discount Broker

Choose Anand Rathi if

You want research and offline support

Powered by Trust. Driven by Research.

Company overview

5paisa is a discount broker incorporated in 2007; Anand Rathi is a full-service broker incorporated in 1994.

Parameter5paisaAnand Rathi
Type of broker Discount Broker Full-Service Broker
Exchange membership NSE · BSE · MCX NSE · BSE · MCX · NCDEX · MSEI
Year of incorporation 2007 1994 older
Number of branches 20+ Branches 1,200+ wider
Active clients 38 Lakh+ larger 6 Lakh+

Charges & AMC

Account-opening and maintenance charges for 5paisa and Anand Rathi compared side by side.

Parameter5paisaAnand Rathi
Trading a/c opening ₹0 ₹0 (Online)
Trading a/c AMC ₹0 ₹0
Demat a/c opening ₹0 ₹0
Demat a/c AMC ₹300 + GST per year lower ₹450 + GST per year
DP charges (per ISIN, sell) ₹25 per scrip (ISIN) on sell transactions ₹15.93 per debit transaction (including GST) lower

Brokerage charges

How 5paisa and Anand Rathi price each trading segment, per executed order.

Parameter5paisaAnand Rathi
Equity Delivery ₹20 per executed order 0.30%
Equity Intraday ₹20 per executed order 0.03%
Equity Futures ₹20 per executed order 0.03%
Equity Options ₹20 per executed order ₹20 per executed order
Currency F&O ₹20 per executed order 0.03%
Commodity F&O ₹20 per executed order 0.03%
Call & Trade ₹100 per executed order ₹20 per executed order

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by 5paisa and Anand Rathi, per segment.

Parameter5paisaAnand Rathi
Equity Delivery NSE: 0.00297% • BSE: 0.00375% NSE: 0.00297% • BSE: 0.00375%
Equity Intraday NSE: 0.00297% • BSE: 0.00375% NSE: 0.00297% • BSE: 0.00375%
Equity Futures NSE: 0.00173% NSE: 0.00173%
Equity Options NSE: 0.03503% (on premium) NSE: 0.03503% (on premium)
Currency Futures NSE: 0.00035% NSE: 0.00035%
Currency Options NSE: 0.03110% (on premium) NSE: 0.03110% (on premium)
Commodity Futures MCX: 0.00210% MCX: 0.00210%
Commodity Options MCX: 0.04180% (on premium) MCX: 0.04180% (on premium)

Demat & DP charges

Depository (demat) charges for 5paisa and Anand Rathi — AMC, debit transactions, pledging and remat.

Parameter5paisaAnand Rathi
Demat Account Opening ₹0 ₹0
Annual Maintenance Charges (AMC) ₹300 + GST per year ₹450 + GST per year
Debit Transaction Charges ₹25 per scrip (ISIN) on sell transactions ₹15.93 per debit transaction (including GST)
Pledge / Unpledge Charges ₹20 + GST per request ₹25 + GST per request
Dematerialisation (Demat) ₹150 per certificate + GST ₹150 per certificate + GST
Rematerialisation (Remat) ₹150 per certificate + GST ₹150 per certificate + GST
Failed Transactions Nil Nil

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by 5paisa and Anand Rathi.

Parameter5paisaAnand Rathi
Equity Delivery 100% of trade value (1x) 100% of trade value (1x)
Equity Intraday VAR + ELM Margin (Up to 5x*) VAR + ELM Margin (Up to 5x*)
Equity Futures SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per available margin)
Equity Options (Buy) Premium Value (Not Applicable) Premium Value (Not Applicable)
Equity Options (Sell) SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per available margin)
Currency Futures & Options SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per available margin)
Commodity Futures & Options SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per available margin)

Features & account

Account type and feature availability across 5paisa and Anand Rathi.

Parameter5paisaAnand Rathi
3-in-1 account ✕ No ✕ No
Automated / API trading ✓ Yes ✓ Yes
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✓ Yes ✓ Yes
Trading platforms 5paisa Web Trade, 5paisa Mobile App, 5paisa Trader Terminal AR Invest Web, AR Invest Mobile App, Anand Rathi Trade Mobi / Desktop
Intraday square-off 3:15 PM 3:15 PM
Other Algo Trading, API Trading, Option Chain, Basket Orders, Smart Investor, Screeners, Advanced Charting, Price Alerts, eDIS, Margin Trading Facility (MTF) Research Reports, Trading Calls, Advanced Charting, Option Chain, Basket Orders, Price Alerts, eDIS, Margin Trading Facility (MTF), PMS, AIF, Wealth Management

Trading platforms & apps

Trading terminals, web platforms and mobile apps offered by 5paisa and Anand Rathi.

Parameter5paisaAnand Rathi
Trading platforms offered 5paisa Web Trade, 5paisa Mobile App, 5paisa Trader Terminal AR Invest Web, AR Invest Mobile App, Anand Rathi Trade Mobi / Desktop
Number of platforms 3 3
Platforms (summary) 5paisa Web Trade, 5paisa Mobile App, 5paisa Trader Terminal AR Invest Web, AR Invest Mobile App, Anand Rathi Trade Mobi / Desktop
Mobile / desktop apps Web, Mobile, Desktop Web, Mobile, Desktop

User ratings

User ratings for 5paisa and Anand Rathi across the key parameters.

Rated on5paisaAnand Rathi
Fees 4.8 better 4.1
Brokerage 4.9 better 4.2
Trading platform 4.5 4.5
Customer service 4.2 4.6 better
Research 4 4.8 better
Overall 4.5 better 4.4

Investment options

Which investment products 5paisa and Anand Rathi let you access.

Parameter5paisaAnand Rathi
Stocks / Equity ✓ Yes ✓ Yes
Commodity ✓ Yes ✓ Yes
IPO ✓ Yes ✓ Yes
Mutual Funds ✓ Yes ✓ Yes
Bonds / NCD ✓ Yes ✓ Yes

Order types offered

Advanced order types supported by 5paisa and Anand Rathi.

Parameter5paisaAnand Rathi
Bracket Order ✕ No ✓ Yes better
Cover Order ✕ No ✓ Yes better
BTST ✓ Yes ✓ Yes
After Market (AMO) ✓ Yes ✓ Yes
GTC / GTT ✓ Yes better ✕ No

Safety & credibility

SEBI registration, financial strength and complaint record for 5paisa and Anand Rathi.

Parameter5paisaAnand Rathi
SEBI registration INZ000010651 INZ000170832
NSE member code 11104 09280
Year of incorporation 2007 1994 longer track record
Net worth ₹1,201.91 Cr ₹2,300+ Cr stronger
Exchange memberships NSE · BSE · MCX NSE · BSE · MCX · NCDEX · MSEI
Latest complaint ratio 0.002 fewer complaints 0.003%

Complaints record

Exchange complaint data for 5paisa and Anand Rathi — the ratio matters more than the raw count.

Parameter5paisaAnand Rathi
Latest financial year 2025–26 2025–26
Exchange NSE NSE
Active clients 16,82,541 larger base 6,48,217
Complaints filed 29 22
Complaint ratio 0.002 fewer complaints 0.003%

Pros & cons

The main advantages and drawbacks of each broker.

5paisa

▲ Pros

  • ✓ Flat ₹20 brokerage per executed order across segments.
  • ✓ Fully digital and paperless account opening.
  • ✓ Supports stocks, F&O, commodities, mutual funds, IPOs, ETFs, and bonds.
  • ✓ Algo Trading, API integration, and Margin Trading Facility (MTF) available.
  • ✓ Advanced web and mobile trading platforms with powerful charting tools.
  • ✓ Transparent pricing and a wide range of investment products.

▼ Cons

  • ✕ Research and advisory services are limited compared to full-service brokers.
  • ✕ Call & Trade service is chargeable.
  • ✕ Annual Demat AMC is applicable.
  • ✕ Physical branch network is limited.
  • ✕ Customer support response times may vary during peak market hours.
Anand Rathi

▲ Pros

  • ✓ Strong equity and commodity research with expert advisory.
  • ✓ Comprehensive wealth management and investment solutions.
  • ✓ Supports stocks, F&O, commodities, currencies, IPOs, mutual funds, bonds, PMS, AIFs, and insurance.
  • ✓ Large nationwide branch and relationship manager network.
  • ✓ Advanced web, mobile, and desktop trading platforms.
  • ✓ Personalized investment recommendations for retail and HNI clients.

▼ Cons

  • ✕ Brokerage charges are generally higher than discount brokers.
  • ✕ Annual Demat AMC is applicable.
  • ✕ Advanced wealth management services are primarily targeted at premium clients.
  • ✕ Call & Trade charges may apply.
  • ✕ Frequent traders may find discount brokers more economical.
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Compare Anand Rathi with

Anand Rathi vs Zerodha Anand Rathi vs Angel One Anand Rathi vs Upstox Anand Rathi vs Groww Anand Rathi vs ICICI Direct Anand Rathi vs Kotak Neo Anand Rathi vs HDFC Securities Anand Rathi vs SBI Securities Anand Rathi vs Motilal Oswal Anand Rathi vs Paytm Money Anand Rathi vs Mirae Asset Sharekhan Anand Rathi vs Axis Direct Anand Rathi vs Choice Broking Anand Rathi vs m.Stock Anand Rathi vs Sahi Anand Rathi vs FYERS Securities Anand Rathi vs SMC Global Anand Rathi vs Jainam Broking Limited
Disclaimer: Investments in the securities market are subject to market risks; read all related documents carefully before investing. This page is for information only and is not investment advice. Brokerage, AMC and other charges change frequently — always verify against the broker's official website before opening an account. Affiliate disclosure: "Open account" links are affiliate links and we may earn a commission at no extra cost to you; this does not influence our ratings.