5paisa vs Sharekhan 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.
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About Sharekhan
One of the largest full service broker, Sharekhan is based in Mumbai, and has a client base of more than 17 lakh accounts. Sharekhan, is one of the biggest names in Indian equity and derivative trading and was a pioneer in the field of online trading. Sharekhan’s holding company is BNP Paribas, a Euronext Paris Stock Exchange listed entity with a history in banking. It is regulated by Securities and Exchange Board of India (SEBI).
Sharekhan: Overview
Sharekhan was established in the year 2000 in Mumbai, Maharashtra. Originally, Sharekhan was a subsidiary of SSKI Group and it later got acquired by BNP Paribas Group. Sharekhan’s network is spread over 550 cities. Here, they are spread out in over 1850 offices, with a presence in middle-eastern countries like Oman and UAE.
Sharekhan offers a wide range on investment and advisory services like market news, comprehensive research reports, stock quotes, fundamental and statistical analysis
5paisa vs Sharekhan Account Opening Charges: 2024
| Charge | 5paisa | Sharekhan |
|---|---|---|
| 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 (Free for 1st year with trading account) |
5paisa vs Sharekhan Brokerage Charges and Plans : 2024
| Charge | 5paisa | Sharekhan |
|---|---|---|
| Plan Name | Optimum Plan | Classic Account |
| Equity Delivery | ₹20 per trade | 0.50% |
| Equity Intraday | ₹20 per trade | 0.10% |
| Equity Futures | ₹20 per trade | 0.10% |
| Equity Options | ₹20 per trade | ₹50 per lot |
| Currency Futures | ₹20 per trade | 0.10% |
| Currency Options | ₹20 per trade | ₹30 per lot |
| Commodity Options | ₹20 per trade | 0.03% |
| Mutual Fund | N/A | N/A |
5paisa vs Sharekhan Margin / Exposure: 2024
| Segment | 5paisa | Sharekhan |
|---|---|---|
| Equity Delivery | Upto 4x | Upto 5x |
| Equity Intraday | Upto 20x | Upto 10x |
| Equity Future | Intra-day: 3.5x | Carry forward: 1x (no margin) | 2x |
| 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 | Upto 2x |
| Commodity Options | N/A | N/A |