5paisa vs Trading Bells 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 Trading Bells
Tradingbells is an online discount brokerage firm, founded in the year of 2016, headquarter is in Indore, Madhya Pradesh. It is popular for its creative ideas, product and services which provides effortless trading experience to the investors. The firm has a presence in 80 different cities and 16 states throughout the nation.
A franchie of India Infoline (IIFL Securities Ltd.), the brokerage structure of a broking house is very simple and easy to understand. It provides customer assistance through phone, live chats, emails, branches and online feedback. Apart from this their referral program gives a chance to earn 10% of the brokerage generated by your first ten friends and 20% on beyond 10 friends. Tradingbells also offer free trades on their clients' birthdays (Terms & Conditions applied).
TradingBells Stock Broker: Products
With the membership of NSE, BSE, MCX-SX & NCDEX, ICEX, Tradingbells offers a broad variety of investment products including equities,
5paisa vs Trading Bells Account Opening Charges: 2024
| Charge | 5paisa | Trading Bells |
|---|---|---|
| Demat Account Opening Charges | ₹0 (Free) | ₹150 |
| Trading Acc Opening Charges | ₹650 | ₹ 300 |
| Trading Account AMC | ₹0 (Free) | ₹ 0 |
| Demat Account AMC | ₹540 yearly (charged as ₹45 per traded month) | ₹300 |
5paisa vs Trading Bells Brokerage Charges and Plans : 2024
| Charge | 5paisa | Trading Bells |
|---|---|---|
| Plan Name | Optimum Plan | N/A |
| Equity Delivery | ₹20 per trade | ₹ 0 |
| 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 Trading Bells Margin / Exposure: 2024
| Segment | 5paisa | Trading Bells |
|---|---|---|
| Equity Delivery | Upto 4x | 1x |
| Equity Intraday | Upto 20x | Up to 10x for Most Scrips |
| Equity Future | Intra-day: 3.5x | Carry forward: 1x (no margin) | Intraday: 3x | Carry: 1x |
| Equity Options | Intra-day: 1x | Carry forward: 1x | 1x |
| Currency Future | Intra-day: 1 time | Carry forward: 1x | Intraday: 3x | Carry: 1x |
| Currency Options | Intra-day: 1x | Carry forward: 1x | Intraday: 3x | Carry: 1x |
| Commodity Future | N/A | Intraday: 3x | Carry: 1x |
| Commodity Options | N/A | N/A |