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.

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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

Charge5paisaICICI 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

Charge5paisaICICI Direct
Plan NameOptimum PlanI-Secure Plan
Equity Delivery₹20 per trade0.55%
Equity Intraday₹20 per trade0.275%
Equity Futures₹20 per trade0.050%
Equity Options₹20 per trade₹95 per lot and Option (Intraday) ₹50 per lot
Currency Futures₹20 per trade0.050% and Currency Futures(Intraday) ₹50
Currency Options₹20 per trade₹25 per lot and Currency Options (Intraday) ₹10 per lot
Commodity Options₹20 per tradeN/A
Mutual FundN/AN/A

5paisa vs ICICI Direct Margin / Exposure: 2024

Segment5paisaICICI Direct
Equity DeliveryUpto 4x 5x
Equity IntradayUpto 20xUpto 25x
Equity FutureIntra-day: 3.5x | Carry forward: 1x (no margin)4x
Equity OptionsIntra-day: 1x | Carry forward: 1x2x for shorting
Currency FutureIntra-day: 1 time | Carry forward: 1xN/A
Currency OptionsIntra-day: 1x | Carry forward: 1xN/A
Commodity FutureN/AN/A
Commodity OptionsN/AN/A

5paisa vs ICICI Direct Currency Charges and Plans: 2024

5paisa charge ₹20 per trade for Currency Futures and ₹20 per trade for Currency Options whereas ICICI Direct Charges 0.050% and Currency Futures(Intraday) ₹50 for Currency futures and ₹25 per lot and Currency Options (Intraday) ₹10 per lot for Currency options.
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