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.

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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 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

Charge5paisaIDBI 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

Charge5paisaIDBI Direct
Plan NameOptimum PlanStandard Plan
Equity Delivery₹20 per trade0.50%
Equity Intraday₹20 per trade0.05%
Equity Futures₹20 per trade0.05%
Equity Options₹20 per trade₹100 per lot
Currency Futures₹20 per tradeN/A
Currency Options₹20 per tradeN/A
Commodity Options₹20 per tradeN/A
Mutual FundN/AN/A

5paisa vs IDBI Direct Margin / Exposure: 2024

Segment5paisaIDBI Direct
Equity DeliveryUpto 4x Nil
Equity IntradayUpto 20xUpto 4x
Equity FutureIntra-day: 3.5x | Carry forward: 1x (no margin)Nil
Equity OptionsIntra-day: 1x | Carry forward: 1xNil
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
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