5paisa vs SBIcap Securities 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 SBIcap Securities
SBI cap securities is the broking arm of the decades old and one of the top financial bodies SBI Capital Market ltd. Having the leverage of such an influential bank as a parent body, SBI Securities Ltd. or SSL is one of the leading stock brokers in India. They deal with a variety of depository participant (DP) services as well as equity, derivatives, broking and E-broking services to cater to both national and NRI clientele. SSL has been assigned the title of 'BQ1' (The Highest grade) by CRISIL for its operational qualities and services.
SBI Cap Securities: Overview
Founded in 2006 by Arun Mehta, SSL is a Mumbai-based Full service broker which offers trading in Equity delivery, Equity intraday, Commodity options, Equity futures, Equity options, Currency options and Currency futures. The minimum broking charge is Rs.10 per transaction.
It offers a 3-in-1 account feature, like other financial broking firms for direct
5paisa vs SBIcap Securities Account Opening Charges: 2024
| Charge | 5paisa | SBIcap Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 (Free) | ₹0 |
| Trading Acc Opening Charges | ₹650 | ₹850 |
| Trading Account AMC | ₹0 (Free) | ₹0 |
| Demat Account AMC | ₹540 yearly (charged as ₹45 per traded month) | ₹350 |
5paisa vs SBIcap Securities Brokerage Charges and Plans : 2024
| Charge | 5paisa | SBIcap Securities |
|---|---|---|
| Plan Name | Optimum Plan | eZ-trade Plan |
| Equity Delivery | ₹20 per trade | 0.50% |
| Equity Intraday | ₹20 per trade | 0.05% |
| Equity Futures | ₹20 per trade | 0.05% |
| Equity Options | ₹20 per trade | ₹100 per lot |
| Currency Futures | ₹20 per trade | 0.03% |
| Currency Options | ₹20 per trade | ₹30 per lot |
| Commodity Options | ₹20 per trade | NA |
| Mutual Fund | N/A | N/A |
5paisa vs SBIcap Securities Margin / Exposure: 2024
| Segment | 5paisa | SBIcap Securities |
|---|---|---|
| Equity Delivery | Upto 4x | 2x |
| Equity Intraday | Upto 20x | Upto 5x |
| Equity Future | Intra-day: 3.5x | Carry forward: 1x (no margin) | Nil |
| Equity Options | Intra-day: 1x | Carry forward: 1x | Nil |
| Currency Future | Intra-day: 1 time | Carry forward: 1x | Nil |
| Currency Options | Intra-day: 1x | Carry forward: 1x | Nil |
| Commodity Future | N/A | N/A |
| Commodity Options | N/A | N/A |