5paisa vs Interactive Brokers 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 Interactive Brokers
Interactive Brokers, found in 1978 is currently one of the biggest discount brokers in the world. Naturally, the broker is regulated by different financial authorities according to the country, including UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC), and India’s Securities and Exchange Board of India (SEBI). It has presence over a number of countries worldwide!
A one-stop solution for Indian residents interested in investing both in the Indian as well as the global markets.
Interactive Brokers: An Overview
Interactive Brokers has business on over 135 market destinations worldwide, where they provide service of trading stocks, options, futures, forex, fixed income and funds worldwide, executing about 1,746,000 trades per day.
Interactive Brokers has its headquarters in Greenwich, Connecticut. It functions with over 1400 employees in a number of countries like the USA, Switzerland, Canada, India, Hong Kong, UK, Australia, Hungary, Russia, Japan, China and Estonia.
In India, the
5paisa vs Interactive Brokers Account Opening Charges: 2024
| Charge | 5paisa | Interactive Brokers |
|---|---|---|
| Demat Account Opening Charges | ₹0 (Free) | ₹0 |
| Trading Acc Opening Charges | ₹650 | ₹0 |
| Trading Account AMC | ₹0 (Free) | ₹0 |
| Demat Account AMC | ₹540 yearly (charged as ₹45 per traded month) | ₹0 |
5paisa vs Interactive Brokers Brokerage Charges and Plans : 2024
| Charge | 5paisa | Interactive Brokers |
|---|---|---|
| Plan Name | Optimum Plan | N/A |
| Equity Delivery | ₹20 per trade | Minimum ₹6 and Upto ₹20 per executed order |
| Equity Intraday | ₹20 per trade | Minimum ₹6 and Upto ₹20 per executed order |
| Equity Futures | ₹20 per trade | Minimum ₹6 and Upto ₹20 per executed order |
| Equity Options | ₹20 per trade | Minimum ₹6 and Upto ₹20 per executed order |
| Currency Futures | ₹20 per trade | Minimum ₹6 and Upto ₹20 per executed order |
| Currency Options | ₹20 per trade | Minimum ₹6 and Upto ₹20 per executed order |
| Commodity Options | ₹20 per trade | N/A |
| Mutual Fund | N/A | N/A |
5paisa vs Interactive Brokers Margin / Exposure: 2024
| Segment | 5paisa | Interactive Brokers |
|---|---|---|
| Equity Delivery | Upto 4x | N/A |
| Equity Intraday | Upto 20x | N/A |
| Equity Future | Intra-day: 3.5x | Carry forward: 1x (no margin) | N/A |
| Equity Options | Intra-day: 1x | Carry forward: 1x | N/A |
| 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 |
5paisa vs Interactive Brokers Currency Charges and Plans: 2024
Other Comparisons of 5paisa and Interactive Brokers
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