5paisa vs Indiabulls 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 Indiabulls
India bulls ventures Ltd. is a flagship company of the Indiabulls group operating in the capital market since 1999 with multiple subsidiary companies fields like housing finance, personal wealth as well as a presence in Real estate, pharmaceuticals, and infrastructure sector.
Formerly known as Indiabulls Securities Ltd, it re-launched its trading platform under the name \Indiabulls Shubh\ in 2019. It is one of the largest discount brokers in India with a client base of approximately 7 lakhs spread across 18 cities.
India Bulls Stock Broker: An overview
The broking venture under the India bulls company is known in the market by the name of 'Shubh'. this broking firm was founded in 1995 by Sameer Gehlot and has managed to gain nationwide recognition and trust ever since. This Mumbai-based firm provides integrated financial services such as Stock broking, Demat account, Equity Research, and Margin Funding.
India bulls Shubh pioneered the online trading platform facility
5paisa vs Indiabulls Account Opening Charges: 2024
| Charge | 5paisa | Indiabulls |
|---|---|---|
| Demat Account Opening Charges | ₹0 (Free) | ₹0 |
| Trading Acc Opening Charges | ₹650 | ₹500 |
| Trading Account AMC | ₹0 (Free) | ₹0 |
| Demat Account AMC | ₹540 yearly (charged as ₹45 per traded month) | ₹450 |
5paisa vs Indiabulls Brokerage Charges and Plans : 2024
| Charge | 5paisa | Indiabulls |
|---|---|---|
| Plan Name | Optimum Plan | Equity Unlimited Trade Plan |
| Equity Delivery | ₹20 per trade | ₹0 |
| Equity Intraday | ₹20 per trade | ₹0 |
| Equity Futures | ₹20 per trade | ₹15 per trade |
| Equity Options | ₹20 per trade | ₹15 per trade |
| Currency Futures | ₹20 per trade | ₹15 per trade |
| Currency Options | ₹20 per trade | ₹15 per trade |
| Commodity Options | ₹20 per trade | 0.03% |
| Mutual Fund | N/A | N/A |
5paisa vs Indiabulls Margin / Exposure: 2024
| Segment | 5paisa | Indiabulls |
|---|---|---|
| Equity Delivery | Upto 4x | 1x (No margin) |
| Equity Intraday | Upto 20x | Upto 5x |
| Equity Future | Intra-day: 3.5x | Carry forward: 1x (no margin) | Intra-day: 4x | Carry forward: 1x |
| Equity Options | Intra-day: 1x | Carry forward: 1x | Intra-day: 4x | Carry forward: 1x |
| Currency Future | Intra-day: 1 time | Carry forward: 1x | Intra-day: 2x | Carry forward: 1x |
| Currency Options | Intra-day: 1x | Carry forward: 1x | Intra-day: 2x | Carry forward: 1x |
| Commodity Future | N/A | N/A |
| Commodity Options | N/A | N/A |