5paisa vs Zerodha 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 Zerodha
Zerodha, a Bangalore based company, a pioneer in stock broking, is the biggest and one of the best and most popular stock brokers in India. The one of its kind, discount broking model was introduced by this leading broker few years back. And, now there's no looking back! It's online flat fee discount brokerage model has set an example to be followed by various other trading platforms across India. Ranked amongst the Top Discount Brokers in India, Zerodha holds a very strong position in terms of trading volumes and a massive and growing customer base. 
Zerodha: Overview
Incorporated in the year 2010 by Nitin Kamath, an engineer turned stock broker cum budding entrepreneur who nurtured the company with his ideas and innovation, Zerodha gained huge popularity within a short span. It has turned to be the leading stock broker in India, may it be
5paisa vs Zerodha Account Opening Charges: 2024
| Charge | 5paisa | Zerodha |
|---|---|---|
| Demat Account Opening Charges | ₹0 (Free) | ₹0 (Free) |
| Trading Acc Opening Charges | ₹650 | ₹200 (Equity) + Rs.100 (Commodity) |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹540 yearly (charged as ₹45 per traded month) | ₹300 per year |
5paisa vs Zerodha Brokerage Charges and Plans : 2024
| Charge | 5paisa | Zerodha |
|---|---|---|
| Plan Name | Optimum Plan | Flat Brokerage Plan |
| Equity Delivery | ₹20 per trade | ₹0 (Free) |
| Equity Intraday | ₹20 per trade | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Futures | ₹20 per trade | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Options | ₹20 per trade | Flat ₹20 or 0.03% (whichever is lower) per executed order (on Turnover) |
| Currency Futures | ₹20 per trade | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Currency Options | ₹20 per trade | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Commodity Options | ₹20 per trade | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Mutual Fund | N/A | ₹0 (Free Unlimited Direct MF) |
5paisa vs Zerodha Margin / Exposure: 2024
| Segment | 5paisa | Zerodha |
|---|---|---|
| Equity Delivery | Upto 4x | 1x (no margin) |
| Equity Intraday | Upto 20x | Up to 20x (based on the stock) |
| Equity Future | Intra-day: 3.5x | Carry forward: 1x (no margin) | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Equity Options | Intra-day: 1x | Carry forward: 1x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Future | Intra-day: 1 time | Carry forward: 1x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Options | Intra-day: 1x | Carry forward: 1x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Commodity Future | N/A | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span |
| Commodity Options | N/A | N/A |