5paisa vs Edelweiss 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 Edelweiss
Edelweiss Broking Ltd. is a full-time broker company operating in the capital market for more than a decade. It is part of the Edelweiss Group, one of the leading companies that provide financial services in India. It's products and services span multi-asset classes and caters to a diversified set of clients including corporations. individuals and organizations. Claiming to be your wealth advisor, Edelweiss has earned several awards in the category of best broking and digital services over the years.
Edelweiss Broking Ltd: An Overview
Founded back in 1995, The Edelweiss group commenced the commodity trading business in 2008. It is a Mumbai-based share broking company with a client base of 12 lakh spread across 200 locations in India. One of the biggest milestones of Edelweiss was the acquisition of The Jaypee Morgan Asset Management Company(AMC) in 2016. It is a registered broker with the NSE, BSE, MCX and NCDEX exchanges that
5paisa vs Edelweiss Account Opening Charges: 2024
| Charge | 5paisa | Edelweiss |
|---|---|---|
| Demat Account Opening Charges | ₹0 (Free) | ₹0 |
| Trading Acc Opening Charges | ₹650 | ₹0 |
| Trading Account AMC | ₹0 (Free) | ₹0 |
| Demat Account AMC | ₹540 yearly (charged as ₹45 per traded month) | ₹500 p.a. (For 1st year: Free) |
5paisa vs Edelweiss Brokerage Charges and Plans : 2024
| Charge | 5paisa | Edelweiss |
|---|---|---|
| Plan Name | Optimum Plan | Lite Plan |
| Equity Delivery | ₹20 per trade | ₹10 per executed order |
| Equity Intraday | ₹20 per trade | ₹10 per executed order |
| Equity Futures | ₹20 per trade | ₹10 per executed order |
| Equity Options | ₹20 per trade | ₹10 per executed order |
| Currency Futures | ₹20 per trade | ₹10 per executed order |
| Currency Options | ₹20 per trade | ₹10 per executed order |
| Commodity Options | ₹20 per trade | N/A |
| Mutual Fund | N/A | N/A |
5paisa vs Edelweiss Margin / Exposure: 2024
| Segment | 5paisa | Edelweiss |
|---|---|---|
| Equity Delivery | Upto 4x | Upto 10x |
| Equity Intraday | Upto 20x | Upto 40x |
| Equity Future | Intra-day: 3.5x | Carry forward: 1x (no margin) | 40x |
| Equity Options | Intra-day: 1x | Carry forward: 1x | Nil |
| Currency Future | Intra-day: 1 time | Carry forward: 1x | 1.5x |
| Currency Options | Intra-day: 1x | Carry forward: 1x | Nil |
| Commodity Future | N/A | Upto 6x |
| Commodity Options | N/A | N/A |