5paisa vs Trade Smart Online 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 Trade Smart Online
Trade Smart is a well-known name in India’s Stock Broking industry, which is ranks well among the famous discount brokers in India.
Trade Smart: An Overview
Trade Smart is a Mumbai based broking firm, incorporated in 1994 by VNS Finance and Capital Ltd. It is the ideal spot for investors and traders looking for high margins with low brokerages and the fast trading platform.
Trade Smart began with the vision to offer a smart and consistent trading experience to users through their various services and trading platforms. From that point forward, Trade Smart has left no efforts in utilizing innovative technology solutions for easement customers in trading.
They have a daily trade value of Rs. 2500 crore with more than 17000 spangling customer base, which is growing day by day, providing their best facilities and national presence. Also, they have their branches at numerous locations across the nation, supported by no not exactly
5paisa vs Trade Smart Online Account Opening Charges: 2024
| Charge | 5paisa | Trade Smart Online |
|---|---|---|
| Demat Account Opening Charges | ₹0 (Free) | ₹200 |
| Trading Acc Opening Charges | ₹650 | ₹200 |
| Trading Account AMC | ₹0 (Free) | ₹0 |
| Demat Account AMC | ₹540 yearly (charged as ₹45 per traded month) | ₹300 |
5paisa vs Trade Smart Online Brokerage Charges and Plans : 2024
| Charge | 5paisa | Trade Smart Online |
|---|---|---|
| Plan Name | Optimum Plan | Power Trading Plan |
| Equity Delivery | ₹20 per trade | ₹15 per executed order |
| Equity Intraday | ₹20 per trade | ₹15 per executed order |
| 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 Trade Smart Online Margin / Exposure: 2024
| Segment | 5paisa | Trade Smart Online |
|---|---|---|
| Equity Delivery | Upto 4x | 1x (No Margin) |
| Equity Intraday | Upto 20x | Upto 30x |
| Equity Future | Intra-day: 3.5x | Carry forward: 1x (no margin) | MIS: 3X | BO: 7X | CO: 7X |
| Equity Options | Intra-day: 1x | Carry forward: 1x | MIS: 3X | BO: 7X | CO: 7X |
| Currency Future | Intra-day: 1 time | Carry forward: 1x | MIS: 3X | BO: 3X | CO: 3X |
| Currency Options | Intra-day: 1x | Carry forward: 1x | MIS: 3X |
| Commodity Future | N/A | MIS: 2X | BO: 6X | CO: 6X |
| Commodity Options | N/A | N/A |