5paisa vs Angel Broking 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 Angel Broking
In this post, you'll know about Angel Broking Trading and Demat Account Opening and Brokerage Charges. You can also have a sneak peak into the Angel Broking apps and important features.
Angel Broking: An Overview
Angel Broking is a leading stock broking and wealth management firm. The company was founded in 1987 and has grown over the years as a leading Financial Investment service provider in India. Angel Broking serves more than 1 million customers with its presence in 900+ cities with 8500+ strong network of sub-brokers.
So, let's begin with the wide range of products and services that Angel Broking offers you.
Angel Broking: Product and Services Offered
- Equity
- Initial Public Offering (IPO)
- Commodity Trading
- Currency Trading
- Derivatives
- Life Insurance
- Mutual Funds
- Portfolio Management Service (PMS)
- Depository Services
- Investment Advisory
- Offline to Online conversion
- Intraday Trading
It provides the iTrade Prime (Flat fee) Trading Plan which has Free Equity Delivery and
5paisa vs Angel Broking Account Opening Charges: 2024
| Charge | 5paisa | Angel Broking |
|---|---|---|
| Demat Account Opening Charges | ₹0 (Free) | ₹0 |
| Trading Acc Opening Charges | ₹650 | ₹600 (One-time) |
| Trading Account AMC | ₹0 (Free) | ₹0 |
| Demat Account AMC | ₹540 yearly (charged as ₹45 per traded month) | ₹450 (from 2nd year onwards) |
5paisa vs Angel Broking Brokerage Charges and Plans : 2024
| Charge | 5paisa | Angel Broking |
|---|---|---|
| Plan Name | Optimum Plan | iTrade Prime |
| Equity Delivery | ₹20 per trade | ₹0 |
| Equity Intraday | ₹20 per trade | Flat ₹20 per executed order |
| Equity Futures | ₹20 per trade | Flat ₹20 per executed order |
| Equity Options | ₹20 per trade | Flat ₹20 per executed order |
| Currency Futures | ₹20 per trade | Flat ₹20 per executed order |
| Currency Options | ₹20 per trade | Flat ₹20 per executed order |
| Commodity Options | ₹20 per trade | Flat ₹20 per executed order |
| Mutual Fund | N/A | N/A |
5paisa vs Angel Broking Margin / Exposure: 2024
| Segment | 5paisa | Angel Broking |
|---|---|---|
| Equity Delivery | Upto 4x | Upto 3x |
| Equity Intraday | Upto 20x | Upto 10x |
| Equity Future | Intra-day: 3.5x | Carry forward: 1x (no margin) | Upto 4x |
| Equity Options | Intra-day: 1x | Carry forward: 1x | 3x for shorting |
| Currency Future | Intra-day: 1 time | Carry forward: 1x | Upto 2x |
| Currency Options | Intra-day: 1x | Carry forward: 1x | Upto 5x for shorting |
| Commodity Future | N/A | 3x |
| Commodity Options | N/A | N/A |