5paisa vs Fyers 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 Fyers
Fyers Securities is a team of young, enthusiastic business people with over 10 years of trading and security industry experience. They are also associated with IL&FS Securities Services Limited for their demat account services and mutual fund services.
One interesting fact about this stock broker is that it pioneered a new method in investing stock called ‘Themed Investment’ providing the ability to invest in similar category of stocks. The closest similar practice would be with Exchange Traded Funds (ETFs). However, Thematic Investment offers more flexibility than ETFs, because the companies to invest in a particular theme are identified by the broker, even the community sometimes.
Fyers : Overview
Based out of Bangalore, Karnataka, Fyers was launched in 2015, and in this limited time period, it has become one of the popular discount brokers in India. Found by Tejas Khoday, Shreyas Khodey & Yashas Khodey, FYERS is basically an acronym for ‘Focus Your
5paisa vs Fyers Account Opening Charges: 2024
| Charge | 5paisa | Fyers |
|---|---|---|
| Demat Account Opening Charges | ₹0 (Free) | ₹0 |
| Trading Acc Opening Charges | ₹650 | ₹400 |
| Trading Account AMC | ₹0 (Free) | ₹0 |
| Demat Account AMC | ₹540 yearly (charged as ₹45 per traded month) | ₹300 |
5paisa vs Fyers Brokerage Charges and Plans : 2024
| Charge | 5paisa | Fyers |
|---|---|---|
| Plan Name | Optimum Plan | Flat Fee Plan |
| Equity Delivery | ₹20 per trade | ₹0 |
| Equity Intraday | ₹20 per trade | ₹20 per executed order or 0.03% whichever is less |
| Equity Futures | ₹20 per trade | ₹20 per executed order or 0.03% whichever is less |
| Equity Options | ₹20 per trade | ₹20 per executed order |
| Currency Futures | ₹20 per trade | ₹20 per executed order or 0.03% whichever is less |
| Currency Options | ₹20 per trade | ₹20 per executed order |
| Commodity Options | ₹20 per trade | Futures: ₹20 per executed order or 0.03% whichever is less, Options: ₹20 per executed order |
| Mutual Fund | N/A | N/A |
5paisa vs Fyers Margin / Exposure: 2024
| Segment | 5paisa | Fyers |
|---|---|---|
| Equity Delivery | Upto 4x | 1x |
| Equity Intraday | Upto 20x | Upto 5x |
| Equity Future | Intra-day: 3.5x | Carry forward: 1x (no margin) | Upto 4x |
| Equity Options | Intra-day: 1x | Carry forward: 1x | Upto 5x |
| Currency Future | Intra-day: 1 time | Carry forward: 1x | Upto 3x |
| Currency Options | Intra-day: 1x | Carry forward: 1x | Upto 3x |
| Commodity Future | N/A | Upto 3x |
| Commodity Options | N/A | Upto 3x |