5paisa vs Alice Blue Comparison: 2024
About 5paisa
A successful discount broker in India, 5 paisa provides different trading and investing services across various segments. Its parent company is IIFL that has built a great name in the retail broking industry.
5Paisa: Overview
5paisa Capital Ltd. is a new age company that believes in making the entire process of getting started with trading as simple as possible, offering account opening in three simple steps. One of the leading stockbrokers in India, 5paisa Capital Ltd is publicly-traded, and managed by IIFL founders. This provides the company with valuable experience in the financial markets coupled with its expertise in simplifying the trading experience has enabled it to offer best-in-class services at an extremely low cost.
Based out of Mumbai, 5paisa.com commenced operations in March 2016 and since then has become 2nd largest discount stock broker in India (As on Dec 2018). It is listed on both BSE as well as NSE.
The
About Alice Blue
A Bangalore based discount broker, Alice Blue is working hard to get ahead in the list of discount brokers in India. Of course, it isn't that easy to maintain a stronghold amid other key players in the stock broker world. However, it's brokerage free equity delivery model is catching the attention of potential traders.
Alice Blue is an online stockbroker and one of the oldest stockbrokers in the Indian capital market. This modern, technology-driven firm was incorporated in 2006 with the vision to provide advanced broking services to its clients and stakeholders. The USP of Alice Blue is the cost-free broking solutions they provide. With zero trading charges and dedicated customer support services, Alice Blue Stock Broking firm stands out in the Stock market as exemplary.
Alice Blue: Overview
Founded by Sidhavelayutham M. in Bangalore who is now CEO of the company introduced the concept of professional marketing of broking services
5paisa vs Alice Blue Account Opening Charges: 2024
| Charge | 5paisa | Alice Blue |
|---|---|---|
| Demat Account Opening Charges | ₹0 (Free) | ₹0 |
| Trading Acc Opening Charges | ₹650 | Equity ₹310, MCX ₹200 & ₹500 All segments |
| Trading Account AMC | ₹0 (Free) | ₹0 |
| Demat Account AMC | ₹540 yearly (charged as ₹45 per traded month) | ₹400 |
5paisa vs Alice Blue Brokerage Charges and Plans : 2024
| Charge | 5paisa | Alice Blue |
|---|---|---|
| Plan Name | Optimum Plan | Freedom 15 Plan |
| Equity Delivery | ₹20 per trade | ₹0 |
| Equity Intraday | ₹20 per trade | ₹15 per order or 0.01% whichever is lower |
| Equity Futures | ₹20 per trade | ₹15 per order or 0.01% whichever is lower |
| Equity Options | ₹20 per trade | ₹15 per order |
| Currency Futures | ₹20 per trade | ₹15 per order or 0.01% whichever is lower |
| Currency Options | ₹20 per trade | ₹15 per order |
| Commodity Options | ₹20 per trade | Future: ₹15 per order or 0.01% whichever is lower and Options: ₹15 per order |
| Mutual Fund | N/A | N/A |
5paisa vs Alice Blue Margin / Exposure: 2024
| Segment | 5paisa | Alice Blue |
|---|---|---|
| Equity Delivery | Upto 4x | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x |
| Equity Intraday | Upto 20x | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x |
| Equity Future | Intra-day: 3.5x | Carry forward: 1x (no margin) | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x |
| Equity Options | Intra-day: 1x | Carry forward: 1x | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x |
| Currency Future | Intra-day: 1 time | Carry forward: 1x | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x |
| Currency Options | Intra-day: 1x | Carry forward: 1x | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x |
| Commodity Future | N/A | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x |
| Commodity Options | N/A | N/A |