Zerodha vs 5Paisa Compare Brokerage, Margin, Charges & More

Zerodha vs 5Paisa: Compare Brokerage, Charges, Margin & More!

Zerodha vs 5Paisa – Stockbroker Comparision: Zerodha and 5paisa are two of the biggest discount brokers in India. In this article, we are going to compare Zerodha vs 5Paisa by looking into their brokerage charges, account opening charges, maintenance charges, exposure margin, trading platforms, and more.

This comparison between Zerodha and 5Paisa will highlight the major differences between these two brokers to help you find the best between 5paisa and Zerodha, based on your preferences.

Zerodha Introduction

Zerodha, founded in 2010 by Nitin Kamath, is the biggest discount broker in India and perfect for traders & investors looking for low brokerage, easy interface, and reliable trading platform. It has over +2.2 million clients that contribute to over 15% of daily retail trading volumes across  BSE, NSE, and MCX.

In terms of brokerage charges, Zerodha offers a zero brokerage for delivery equity investment & direct mutual fund investments. For all intraday, F&O, currency, and commodity trades across NSE, BSE, MCX, it offers a flat brokerage of Flat ₹20 irrespective of the trading volume. Therefore, you can save a lot of brokerage charges on your trades using Zerodha as your broker.

Also read: Zerodha Review 2020 – Is Free Investing Legit? [Pros and Cons]

5 Paisa Introduction

5Paisa is a discount broker that provides you the platform to trade in stocks, futures, and options at the lowest cost of Rs 20 flat per trade, even if you trade for Rs 10 Crore.

It is headquartered in Mumbai and is a part of India Infoline (IIFL), a leading non-banking financial institution in India with experience of over two decades (initially incorporated in 1995). 5paisa was re-launched with a new brokerage model for online retail broking services in late 2016. Later, it got de-merged from IIFL so that it can be listed on the stock exchanges. 5Paisa Capital started trading on NSE/BSE in November 2017, making it the first such listed financial digital marketplace.

5 Paise Capital provides a platform for all financial products including equities, derivatives, mutual funds, commodities, AIFs, bonds & debentures, insurance, and personal loans. The account opening process for 5Paisa is totally paperless based on Aadhaar. 5Paisa provides the trading facility in mobile, browser, and desktop platforms. 

Zerodha vs 5Paisa Comparision:

NameZerodha5 Paisa
AboutZerodha is the largest stockbroker in India with +1.5 million clients and +10% of daily retail trading volumes across NSE, BSE, MCX. Located at Bangalore, Zerodha offers zerod brokerage on delivery trading and a flat rate of 0.03% or Rs 20 per executed on all other segments.5paisa.com, second largest discount broker in India, is part of IIFL group (India Infoline), India's leading financial services company. It offers a flat brokerage of Rs 20 per trade for its clients.
Founded20102016
CompanyPrivatePublic
Main OfficeBangaloreMumbai
# of Active Clients on NSE (Nov 2019)9,09,0081,06,280
Broker ServiceDiscount BrokerDiscount Broker
Supported ExchangeNSE, BSE, MCX, NCDEXNSE, BSE, MCX
Brokerage SummaryFree for Delivery Trading and flat charge of Rs 20 for all other tradesRs 20 Per Trade
Servies offeredEquity, Derivatives, Currency, Mutual Funds & CommoditiesEquity, Derivatives, Commodity, Currency, Mutual Funds
Account Opening ChargeRs 200Rs 650
Commodity Trading Opening chargeRs 100Can't trade in commodity
Annual Maintenance ChargeRs 300Rs 45 per month (only for months when you trade)
Trading PlatformKite 3 Web baased trading platform, Kite Mobile, Kite Connect API, Console, Pi, Sentinel, CoinInvestor terminal, trader terminal, 5 Paisa Trade Station
Brokerage Charges
Equity DeliveryFreeRs 20 per trade
Equity IntradayRs 20/ trade or 0.03% whichever is lowerRs 20 per trade
Equity Future ChargesRs 20/ trade or 0.03% whichever is lowerRs 20 per trade
Equity Options ChargesFlat Rs. 20 per executed orderRs 20 per trade
Currency future chargesRs 20/ trade or 0.03% whichever is lowerRs 20 per trade
Currency options chargesRs 20/ trade or 0.03% whichever is lowerRs 20 per trade
Commodity ChargesRs 20/ trade or 0.03% whichever is lowerRs 20 per trade
Minimum brokerage fees0.03% MinimumFlat charge of Rs 10 per trade (for higher plans)
Call & Trade ChargesRs 20 + 18% GST OrderRs 100/ call
Margin Offered
Equity Margin DeliveryNo margin for delivery - Cash and carryUpto 4x for equity cash
Equity Margin IntradayUpto 20x (Based on stock)Upto 20x
Equity margin futuresIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin Intra-day: 3.5x - Carry forward: 1x (no margin)
Equity margin optionsIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin Intra-day: 1x - Carry forward: 1x
Commodity MarginIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin NA
Currency futuresIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin Intra-day: 1 time - Carry forward: 1x
Currency OptionsIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin Intra-day: 1 time - Carry forward: 1x
Addons
3-in-1 AccountYes, with IDFC BankNo
Research & TipsNoYes (for higher plans)
Brokeage CalculatorYesYes
Span Margin CalculatorYesYes
Training & EducationYesYes
Interactive ChartsYesYes
Margin Against Shares (Equity Cash)YesYes
Margin Against Shares (Equity F&O)YesYes
IPO ServicesYesYes
Robo advisoryNoYes
Other FeaturesDirect Mutual fund investments, Kite APIs Mutual Fund Investments, Research reports
ProsZero brokerage charges for delivery trading, Simple and flat brokerage model in all other segments, Excellent trading platforms, Easy & fast online account opening, Direct mutual fund investments, Maximum brokearge of Rs 20Cheapest broker, flexible brokerage plans, Research reports available (but at extra cost)
ConsNo stock advisory or research reportsCall and trade Rs 100 per call, Higher charges of Rs per transaction on demat
Promotion/OfferFree delivery equity trading and Rs 20 or 0.03% wihchever is lower brokerage charge on all other tradesRight now - No Opening Charges, Annual maintenance charges waived
WebsiteQuick Link to Open AccountQuick Link to Open Account

*Disclaimer: All pricing data was obtained from the published stockbroker’s web site as of 02/01/2020 and is believed to be accurate, but is not guaranteed. It can vary from time to time depending on the active campaigns by the brokers and hence recommended to refer to the broker’s website for the latest updates.

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Closing Thoughts

Both Zerodha and 5Paisa offers low brokerage and fast trading platforms for their clients.

Zerodha, being the biggest discount broker in India with over 22 lakh clients obviously adds trust and brand value. Moreover, initiatives like educational facility (Varsity), investment in IPO’s from the same dashboard, free direct mutual fund investments, etc create more value for its clients. Moreover, Zerodha has got a bigger range of partner products to help traders and Investors like Streak, Sensibull, Learn app etc.

zerodha partners senseibull smallcase etc

On the other hand, a few notable advantages of 5Paisa over Zerodha is that they offer Research reports and robo-advisory to their clients, which Zerodha don’t. However, this facility by 5Paisa is offered only to its clients with higher plans. In addition, the multiple flexible brokerage plans offered by 5Paisa can also be a little advantageous for volume traders.

5 paisa pricing plans brokerage

In conclusion, both these brokers have some advantages and disadvantages over others.  Zerodha with its evolved trading app and partner platforms vs 5Paisa with its flexible brokerage plans and advisory services. Nonetheless, if you see from the broad perspective, Zerodha offers a little more benefits compared to 5Paisa for independent investors and traders who are not looking for advisory and are happy with a single discount brokerage plan.

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