5paisa vs IIFL Securities 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 IIFL Securities
IIFL Securities is one of the leading broking firms in India with a financial parent body, IIFL group. Founded in 1995 by Nirmal Jain, this group is a renounced financial service provider with a variety of products and services. From broking to wealth management, India Infoline group has spread its arms in all possible financial sectors and has also bagged multiple awards for the same all these years.
In this article, we will cover a complete review of the broking sector of IIFL, its charges, steps to open an account, and the software it provides.
India Infoline Securities: Overview
IIFL Securities is a full-service broking company spread across major cities of India and adhering to a wide range of investors' needs. They offer a complete trading solution including online presence and researched advisory by professionals of the industry. Mr. Nirmal Jain, the chairman of the IIFL group was also one of the
5paisa vs IIFL Securities Account Opening Charges: 2024
| Charge | 5paisa | IIFL Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 (Free) | ₹0 |
| Trading Acc Opening Charges | ₹650 | ₹750 |
| Trading Account AMC | ₹0 (Free) | ₹0 |
| Demat Account AMC | ₹540 yearly (charged as ₹45 per traded month) | ₹400 per year |
5paisa vs IIFL Securities Brokerage Charges and Plans : 2024
| Charge | 5paisa | IIFL Securities |
|---|---|---|
| Plan Name | Optimum Plan | Flat Plan (FBP) |
| 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 | 1% of Premium or ₹100 per lot, whichever is high |
| Currency Futures | ₹20 per trade | 0.05% |
| Currency Options | ₹20 per trade | 1% of Premium or ₹100 per lot, whichever is high |
| Commodity Options | ₹20 per trade | Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high |
| Mutual Fund | N/A | N/A |
5paisa vs IIFL Securities Margin / Exposure: 2024
| Segment | 5paisa | IIFL Securities |
|---|---|---|
| Equity Delivery | Upto 4x | Upto 3x |
| Equity Intraday | Upto 20x | Upto 20x |
| Equity Future | Intra-day: 3.5x | Carry forward: 1x (no margin) | Upto 3x |
| Equity Options | Intra-day: 1x | Carry forward: 1x | Upto 3x |
| Currency Future | Intra-day: 1 time | Carry forward: 1x | Upto 2x |
| Currency Options | Intra-day: 1x | Carry forward: 1x | Upto 2x |
| Commodity Future | N/A | Upto 3x |
| Commodity Options | N/A | N/A |