5paisa vs IDBI 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 IDBI Direct
IDBI Capital Market & securities Ltd. also known as IDBI Direct, is a widely known full-service Mumbai based stock broker with integrated banking facilities and is a truly owned subsidiary of IDBI Bank Ltd. It has made a gigantic reputation for itself within the brokerage industry and Indian trading by providing personalized support to their respective clients.
As of today, the company has a net worth of around three billion rupees and over two hundred employees are located across seventeen distinct branches, spread over seventeen cities around the nation.
As a retail broking division of the Indian centric financial services IDBI Capital offering remote-based trading with the help of internet across all the major financial segments such as Equities, F&O, Mutual Funds and Initial Public Offerings.
Also, to help the registered users, as well as investors of the company to swift investment-related decisions and better inform them about their respective online portal by
5paisa vs IDBI Direct Account Opening Charges: 2024
| Charge | 5paisa | IDBI Direct |
|---|---|---|
| Demat Account Opening Charges | ₹0 (Free) | ₹0 |
| Trading Acc Opening Charges | ₹650 | ₹500 (one-time) |
| Trading Account AMC | ₹0 (Free) | ₹0 |
| Demat Account AMC | ₹540 yearly (charged as ₹45 per traded month) | ₹450 p.a. |
5paisa vs IDBI Direct Brokerage Charges and Plans : 2024
| Charge | 5paisa | IDBI Direct |
|---|---|---|
| Plan Name | Optimum Plan | Standard Plan |
| Equity Delivery | ₹20 per trade | 0.50% |
| Equity Intraday | ₹20 per trade | 0.05% |
| Equity Futures | ₹20 per trade | 0.05% |
| Equity Options | ₹20 per trade | ₹100 per lot |
| Currency Futures | ₹20 per trade | N/A |
| Currency Options | ₹20 per trade | N/A |
| Commodity Options | ₹20 per trade | N/A |
| Mutual Fund | N/A | N/A |
5paisa vs IDBI Direct Margin / Exposure: 2024
| Segment | 5paisa | IDBI Direct |
|---|---|---|
| Equity Delivery | Upto 4x | Nil |
| Equity Intraday | Upto 20x | Upto 4x |
| Equity Future | Intra-day: 3.5x | Carry forward: 1x (no margin) | Nil |
| Equity Options | Intra-day: 1x | Carry forward: 1x | Nil |
| 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 |