5paisa vs SAMCO 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 SAMCO
SAMCO is another popular discount broker in India which has carved a niche for itself in a short span of time. It conceptualized in the year 2015 and with its diversifying broking services and products range it has a good hold on the market at present.
Samco Overview
Samco Securities Ltd. is known to be a suitable stockbroker for beginners since it offers an exhaustive repository of basic and intermediate tutorials on investing and trading. At the same time, with low brokerage charges, they leave a low chance of risk for the beginners as compared to other Indian stock brokers.
It allows trading across all the leading stock and commodity exchanges in India including NSE, BSE, MCX, MCX-SX and NCDEX. Samco facilitates commodity segment for MCX trading through its associated entity, Samco Commodities Ltd. The firm primarily caters to corporate and retail clients. It also offers loans against shares, low brokerage Demat
5paisa vs SAMCO Account Opening Charges: 2024
| Charge | 5paisa | SAMCO |
|---|---|---|
| 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) | ₹400 |
5paisa vs SAMCO Brokerage Charges and Plans : 2024
| Charge | 5paisa | SAMCO |
|---|---|---|
| Plan Name | Optimum Plan | Standard |
| Equity Delivery | ₹20 per trade | ₹20 per executed order |
| Equity Intraday | ₹20 per trade | ₹20 per executed order |
| Equity Futures | ₹20 per trade | ₹20 per executed order |
| Equity Options | ₹20 per trade | ₹20 per executed order |
| Currency Futures | ₹20 per trade | ₹20 per executed order |
| Currency Options | ₹20 per trade | ₹20 per executed order |
| Commodity Options | ₹20 per trade | ₹20 per executed order |
| Mutual Fund | N/A | N/A |
5paisa vs SAMCO Margin / Exposure: 2024
| Segment | 5paisa | SAMCO |
|---|---|---|
| Equity Delivery | Upto 4x | Upto 4x |
| Equity Intraday | Upto 20x | Upto 15x |
| Equity Future | Intra-day: 3.5x | Carry forward: 1x (no margin) | Upto 4x |
| Equity Options | Intra-day: 1x | Carry forward: 1x | Upto 8x |
| Currency Future | Intra-day: 1 time | Carry forward: 1x | Upto 3x |
| Currency Options | Intra-day: 1x | Carry forward: 1x | Upto 5x |
| Commodity Future | N/A | Upto 5x |
| Commodity Options | N/A | Upto 5x |