Broker comparison
5paisa vs Alice Blue (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of 5paisa and Alice Blue from published official pricing and features — no affiliation with either broker.
| Metric | 5paisa | Alice Blue |
|---|---|---|
| Delivery brokerage | ₹20 per order (flat) | ₹20 or 2.5% per order (whichever is lower); ₹0 on the Freedom (F20) plan |
| Intraday brokerage | ₹20 per order (flat) | ₹15–₹20 per order depending on plan - see official pricing |
| F&O brokerage | ₹20 per order (flat) | ₹15–₹20 per order depending on plan - see official pricing |
| AMC | ₹0 for BSDA; up to ₹300 + GST per year on higher holdings | ₹0 (zero AMC) |
| Account opening | Free (online) | Free (online) |
| Trading API | 5paisa Xtream API — See official developer page | ANT API — Free (per official page) |
| Reported execution speed | ≈ 85 ms (median) | Not Disclosed |
| Algo support | Yes - via Xtream API | Yes - free ANT API; partnerships with algo platforms |
| Platforms | 5paisa app, 5paisa web, FnO 360 | ANT Mobi, ANT Web |
| Best for (published) | Cost-conscious traders comfortable with a subscription add-on model. | Price-sensitive algo traders exploring beyond the biggest names. |
Statutory charges (STT, exchange fees, GST, etc.) are not included. Figures are from official pricing pages at our last review — verify before opening an account.
What the published data shows
Alice Blue publishes free equity delivery; 5paisa does not (per official pricing at review). 5paisa publishes an execution-speed figure; Alice Blue does not on verifiable sources.
Tools & profiles
- 5paisa full profile
- Alice Blue full profile
- 5paisa brokerage calculator
- Alice Blue brokerage calculator
- Lowest brokerage brokers in India
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Frequently asked questions
5paisa vs Alice Blue: which has lower delivery brokerage?
At our last review, 5paisa published delivery brokerage as "₹20 per order (flat)" and Alice Blue as "₹20 or 2.5% per order (whichever is lower); ₹0 on the Freedom (F20) plan". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does 5paisa or Alice Blue have a trading API?
Both have documented APIs at review time: 5paisa (5paisa Xtream API), Alice Blue (ANT API). Compare pricing and rate limits on each broker's developer page.
Which is faster — 5paisa or Alice Blue?
5paisa publishes ≈ 85 ms (median). Alice Blue has no verifiable execution-speed figure we could cite.
Are these comparisons independent?
Yes. Indian Broker Test is not affiliated with, sponsored by, or endorsed by any broker. Rankings and comparisons use only published official data; gaps are shown as Not Disclosed.
Sources
- 5paisa - official website - https://www.5paisa.com
- 5paisa - official pricing - https://www.5paisa.com/pricing
- Alice Blue - official website - https://aliceblueonline.com
- Alice Blue - official pricing - https://aliceblueonline.com/pricing/