5paisa vs Anand Rathi 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 Anand Rathi
Named after the Founder himself, Anand Rathi is one of the pioneers of stockbrokers in India. It has managed to outrank several competitors over the years and maintain its position as one of the top and most-sought-after stockbrokers. The company is a complete financial solution including services ranging from asset management to insurance and stock trading. Anand Rathi's PAN-India and tech-savvy operations makes them stand out of crowd. They have bagged several awards for the same in the past decades.
Anand Rathi: An Overview
The Anand Rathi is a full-service brokerage firm offering insightful research and advice to the traders and investors. Based in Mumbai, the company is a public sector company i.e. listed on the stock exchange. It is spread through a network of 350 branches and more than 1500 franchises in India and some parts of Dubai and Bangkok. They soon aim to expand their global position.
Founded in 1994
5paisa vs Anand Rathi Account Opening Charges: 2024
| Charge | 5paisa | Anand Rathi |
|---|---|---|
| Demat Account Opening Charges | ₹0 (Free) | ₹550 (One time) |
| Trading Acc Opening Charges | ₹650 | ₹750 (One time) |
| Trading Account AMC | ₹0 (Free) | ₹0 |
| Demat Account AMC | ₹540 yearly (charged as ₹45 per traded month) | ₹299 from second year onward |
5paisa vs Anand Rathi Brokerage Charges and Plans : 2024
| Charge | 5paisa | Anand Rathi |
|---|---|---|
| Plan Name | Optimum Plan | Standard Plan |
| Equity Delivery | ₹20 per trade | 0.5% - 0.15% |
| Equity Intraday | ₹20 per trade | 0.05% -0.015% |
| Equity Futures | ₹20 per trade | 0.05% -0.015% |
| Equity Options | ₹20 per trade | ₹75 to ₹20 |
| Currency Futures | ₹20 per trade | 0.05% -0.015% |
| Currency Options | ₹20 per trade | ₹75 to ₹20 |
| Commodity Options | ₹20 per trade | 0.008% - 0.05% |
| Mutual Fund | N/A | N/A |
5paisa vs Anand Rathi Margin / Exposure: 2024
| Segment | 5paisa | Anand Rathi |
|---|---|---|
| Equity Delivery | Upto 4x | N/A |
| Equity Intraday | Upto 20x | N/A |
| Equity Future | Intra-day: 3.5x | Carry forward: 1x (no margin) | N/A |
| Equity Options | Intra-day: 1x | Carry forward: 1x | N/A |
| Currency Future | Intra-day: 1 time | Carry forward: 1x | N/A |
| Currency Options | Intra-day: 1x | Carry forward: 1x | N/A |
| Commodity Future | N/A | N/A |
| Commodity Options | N/A | N/A |