5paisa vs Prabhudas Lilladher 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 Prabhudas Lilladher
Have you heard or read about "Prabhudas Lilladher Pvt.Ltd." a popular stock broking firm in India.
PL India: Formation & Glimpse
Shahrukh Khan is a legend in the Indian film industry. We all know his name and movies irrespective of our age and liking. Did you know that there are legendary pioneers in financial markets as well?
That brings us to today’s topic, "Prabhudas Lilladher".
Let us start by answering the first question: Who is Prabhudas Lilladher?
Prabhudas Lilladher or more popularly known as PL India is one of the oldest stockbroking houses in India. The company was registered in the year 1944 by Prabhudas Lilladher as a stock broking company in India.
But, over the years the company has seen a gradual growth and expanded to become a one-stop-shop for companies all financial needs.
The company’s headquarters is at Mumbai but it has spread its presence in over 30+ cities of India.
Moreover, PL India is
5paisa vs Prabhudas Lilladher Account Opening Charges: 2024
| Charge | 5paisa | Prabhudas Lilladher |
|---|---|---|
| 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) | ₹250, free for 1st year |
5paisa vs Prabhudas Lilladher Brokerage Charges and Plans : 2024
| Charge | 5paisa | Prabhudas Lilladher |
|---|---|---|
| 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 | 0.02% |
| Currency Futures | ₹20 per trade | 0.02% to 0.01% |
| Currency Options | ₹20 per trade | ₹15 per Lot |
| Commodity Options | ₹20 per trade | 0.02% |
| Mutual Fund | N/A | N/A |
5paisa vs Prabhudas Lilladher Margin / Exposure: 2024
| Segment | 5paisa | Prabhudas Lilladher |
|---|---|---|
| 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 |