5paisa vs Stoxkart 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 Stoxkart
Stoxkart is based out of Delhi, and it is relatively new in the broking market place, incorperated only in 2019. Stoxkart is an online discount broker, which offers services like trading and investment across a variety of segments including equity markets, commodities, currencies, futures and options, IPOs and mutual funds.
Stoxkart: Overview
A Delhi-based firm, Stoxkart is a part of SMC Global Limited, which itself is a full-service broker and has been a leading diversified financial services company in India for quite a while now.
As mentioned earlier, Stoxkart provides services of trading across a lot of different sectors, but also in that, it provides up to 25 times exposure on intraday trades which can be across equities, currencies and commodities, which happens to be among one of the highest margins offered, especially by a discount broker.
The company can do that because it is backed by SMC, which is a full-service broker,
5paisa vs Stoxkart Account Opening Charges: 2024
| Charge | 5paisa | Stoxkart |
|---|---|---|
| Demat Account Opening Charges | ₹0 (Free) | ₹0 |
| Trading Acc Opening Charges | ₹650 | ₹500 |
| Trading Account AMC | ₹0 (Free) | ₹0 |
| Demat Account AMC | ₹540 yearly (charged as ₹45 per traded month) | ₹300 per year |
5paisa vs Stoxkart Brokerage Charges and Plans : 2024
| Charge | 5paisa | Stoxkart |
|---|---|---|
| Plan Name | Optimum Plan | N/A |
| Equity Delivery | ₹20 per trade | ₹0 |
| Equity Intraday | ₹20 per trade | ₹15 (on profit trades only) |
| Equity Futures | ₹20 per trade | ₹15 per executed order |
| Equity Options | ₹20 per trade | ₹15 per executed order |
| Currency Futures | ₹20 per trade | ₹15 per executed order |
| Currency Options | ₹20 per trade | ₹15 per executed order |
| Commodity Options | ₹20 per trade | ₹15 per executed order |
| Mutual Fund | N/A | N/A |
5paisa vs Stoxkart Margin / Exposure: 2024
| Segment | 5paisa | Stoxkart |
|---|---|---|
| Equity Delivery | Upto 4x | 1x (No margin) |
| Equity Intraday | Upto 20x | Up to 15x | BO,CO: Up to 25x |
| Equity Future | Intra-day: 3.5x | Carry forward: 1x (no margin) | Up to 2x | BO,CO: Up to 7x |
| Equity Options | Intra-day: 1x | Carry forward: 1x | 1x (No margin) |
| Currency Future | Intra-day: 1 time | Carry forward: 1x | Up to 2x | BO,CO: Up to 4x |
| Currency Options | Intra-day: 1x | Carry forward: 1x | 1x (No margin) |
| Commodity Future | N/A | Up to 2x | BO,CO: Up to 6x |
| Commodity Options | N/A | 1x (No margin) |