5paisa vs Nirmal Bang 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 Nirmal Bang
Nirmal Bang, one of most popular stock brokers as well as trading services provider in the country, has been around since 1986. Nirmal Bang offers complete stock trading services to all of its clients via multiple methods including online stock trading in the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Nirmal Bang: Overview
Based out of Mumbai, Maharashtra, the firm gained popularity because of its excellent stock trading platform available to the clients. Along with that, the firm also offers brilliant advisory services and effective trading software and algorithms to its customers.
Nirmal Bang is registered in India’s major stock exchanges like Bombay Stock Exchange Ltd (BSE), National Stock Exchange Ltd (NSE), National Commodity & Derivatives Exchange Ltd (NCDEX), Multi Commodity Exchange of India Ltd (MCX), National Multi Commodity Exchange of India Ltd (NMCE). Along with these, the company also is a membership being a Depository Participant (DP) in
5paisa vs Nirmal Bang Account Opening Charges: 2024
| Charge | 5paisa | Nirmal Bang |
|---|---|---|
| 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) | ₹200 per year |
5paisa vs Nirmal Bang Brokerage Charges and Plans : 2024
| Charge | 5paisa | Nirmal Bang |
|---|---|---|
| Plan Name | Optimum Plan | N/A |
| Equity Delivery | ₹20 per trade | 0.2% |
| Equity Intraday | ₹20 per trade | 0.02% |
| Equity Futures | ₹20 per trade | 0.02% |
| Equity Options | ₹20 per trade | ₹35 |
| Currency Futures | ₹20 per trade | 0.02% |
| Currency Options | ₹20 per trade | ₹20 |
| Commodity Options | ₹20 per trade | 0.01% |
| Mutual Fund | N/A | N/A |
5paisa vs Nirmal Bang Margin / Exposure: 2024
| Segment | 5paisa | Nirmal Bang |
|---|---|---|
| Equity Delivery | Upto 4x | Upto 10x |
| Equity Intraday | Upto 20x | Upto 4x |
| Equity Future | Intra-day: 3.5x | Carry forward: 1x (no margin) | Upto 4x |
| Equity Options | Intra-day: 1x | Carry forward: 1x | Upto 2x for shorting |
| Currency Future | Intra-day: 1 time | Carry forward: 1x | Upto 2x for shorting |
| Currency Options | Intra-day: 1x | Carry forward: 1x | Upto 3x |
| Commodity Future | N/A | Upto 3x |
| Commodity Options | N/A | N/A |