5paisa vs ICICI Direct 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 ICICI Direct
ICICI Direct is a retail broking branch of the ICICI group: India's top financial services provider. It is a full-time stockbroking company with a presence in 87 locations across the country with more 200 offices serving over 20 lakh customers every day. It is the 2nd largest stock broking company in India succeeded by Zerodha Ltd. This retail trading and investment platform offers a wide range of services to invest in stocks and other financial instruments.
ICICI Direct: Overview
The online share trading platform provides a complete investing and trading solution via products like equity trading, derivative trading, mutual funds, bonds, IPOs, NCD, loans, Fixed deposits , insurance etc all in one platform.From complete financial goal based planning to intraday trading in the stock market, ICICI direct is a one-stop solution.
The USP of this firm is the 3-in-1 account service which includes ICICI bank account, trading account and Demat account for
5paisa vs ICICI Direct Account Opening Charges: 2024
| Charge | 5paisa | ICICI Direct |
|---|---|---|
| Demat Account Opening Charges | ₹0 (Free) | ₹0 |
| Trading Acc Opening Charges | ₹650 | ₹975 (One-time) |
| Trading Account AMC | ₹0 (Free) | ₹0 |
| Demat Account AMC | ₹540 yearly (charged as ₹45 per traded month) | ₹700 per year |
5paisa vs ICICI Direct Brokerage Charges and Plans : 2024
| Charge | 5paisa | ICICI Direct |
|---|---|---|
| Plan Name | Optimum Plan | I-Secure Plan |
| Equity Delivery | ₹20 per trade | 0.55% |
| Equity Intraday | ₹20 per trade | 0.275% |
| Equity Futures | ₹20 per trade | 0.050% |
| Equity Options | ₹20 per trade | ₹95 per lot and Option (Intraday) ₹50 per lot |
| Currency Futures | ₹20 per trade | 0.050% and Currency Futures(Intraday) ₹50 |
| Currency Options | ₹20 per trade | ₹25 per lot and Currency Options (Intraday) ₹10 per lot |
| Commodity Options | ₹20 per trade | N/A |
| Mutual Fund | N/A | N/A |
5paisa vs ICICI Direct Margin / Exposure: 2024
| Segment | 5paisa | ICICI Direct |
|---|---|---|
| Equity Delivery | Upto 4x | 5x |
| Equity Intraday | Upto 20x | Upto 25x |
| Equity Future | Intra-day: 3.5x | Carry forward: 1x (no margin) | 4x |
| Equity Options | Intra-day: 1x | Carry forward: 1x | 2x for shorting |
| 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 |