5Paisa Vs Fyers Charges Brokerages Margin Full Comparison Guide 2021

  • Post last modified:August 6, 2021
  • Post category:Stock Market
  • Reading time:22 mins read
  • Post author:

In this 5Paisa vs Fyers comparison, I would be discussing and covering all major aspects for both brokers, like brokerages, account opening charges, margin facility, trading platform any other optional services offered by them.

As per the latest data on NSE available, 5Paisa have close to 10,020,20 (1 million+) active clients and more than 1.65 million overall clients (users) in India.

Where as Fyers have close to 45,003 active clients and more than 1 lakh overall clients (users) in India.

Although the number do speak for themselves but do not take this as the only way to decide the stockbrokers. There are several factors such as low brokerage, better advanced trading mobile apps and platform, other integrated services etc.

On one hand Fyers is giving the tough competition to other stockbrokers in terms of best trading platform, lowest brokerage structure whereas on the other hand 5Paisa is helping users more in investing features such as, loans, advisory, US stock apart from trading etc.

I have already reviewed them separately based on charges, margin, brokerages, trading platform etc. you can read Fyers review and 5Paisa review here.

Just to let you know this review guide is going to be long, you can switch from table of contents to look for the relevant info you want to know.

However below is overall comparison points between Fyers Vs 5Paisa to tell you in short about who is best by which you can make instant decision to open account instantly.

 

Fyers Vs 5Paisa Overall Comparison:

I have already used both their services as well as wrote the reviews about them in detailed way separately, based on my experience and facts below are things you can consider before opening an account with them.

  1. You can trade and invest in all segments i.e. stocks (equity) FnO, Commodity, Currency, at NSE, BSE, MCX on both 5Paisa and fyers.
  2. Both stock brokers 5paisa and Fyers, have best trading platform for desktop/mobile app, you can do fundamental as well as technical analysis quite easily.
  3. Fyers have in-house developed thematic investing platform similar to smallcase for portfolio based investment, whereas 5Paisa have also tied up with third party service such as Sensibull for options trading, Smallcase for prebuild portfolio to invest and have their own smart investor and swing trader for intraday and delivery based stock recommendation service.
  4. 5Paisa is a discount cum – full time broker, you may enjoy stock recommendation depending upon the addon plan you take. This service is not available with Fyers.
  5. 5Paisa has option for you to make investment in US stocks as well whereas Fyers do not have these services.
  6. Fyers brokerages are lower than 5Paisa brokerages when comparing free basic plan of 5Paisa. 5Paisa charging Rs.20 per executed order whereas Fyers charging Rs.20 or 0.03% (whichever is lower). 
  7. 5Paisa as well as Fyers offers brokerage or say commission free mutual funds investment and platform for its users.
  8. If we talk about Margin at Fyers vs 5Paisa, after SEBI Rules on Intraday margin every stockbroker is giving same margin in equity throughout India, hence this does not matter anymore.
  9. However, 5Paisa do Provide margin for delivery based trades up to 3X no such services with Fyers as of now.
  10. With Fyers and 5Paisa you can also invest and trade in IPO’s, NFO’s, ETF, SGB, and many other financial products with so much ease.
  11. 5Paisa also offers Insurance, loans, advisory, investments services, PMS, etc.
  12. 5Paisa for a limited time period is allowing free trading/demat account, they charges Rs.25 Per month. for AMC. Whereas Fyers is also for a limited time period is also not charging for account opening as well as AMC (Annual Maintenance Charges), usually they charge Rs.300 per annum.
  13. Fyers and 5Paisa both are offering great tools and services to make hassle free investment in stock market for its users. Still 5Paisa is better than Fyers in overall comparison.

 

Now, it is up to you to decide which one you choose as both have everything that is needed to trade and invest in stock market hassle free online.

Having said that, In case if you are hardcore intraday trader doing trades every other day with you own then go with Fyers, where as if you are someone who do more trading and investing and need some guidance than go with 5Paisa.

Open Free Trading/Demat/Mutual Fund Account With Fyers Online Within minutes with no AMC for a limited time period here.

You can Open a free 5Paisa trading/demat account through this link for a limited time period.

Now, let us go dive deep to cover all different services and features of Fyers and 5Paisa step by step and see who is best between Fyers Vs 5Paisa by doing in-depth analysis.

 

About 5Paisa Vs Fyers:

5Paisa and Fyers both have a history, in brief I have tried to explained how they both started and what is the current status.

 

About 5Paisa Vs Fyers

 

 

5Paisa Vs Fyers Margin Comparison:

Margin in stock market refers to buying/selling of securities (shares) by borrowing money from your broker. This is very much similar to taking loan for short period of time. This helps traders in buying or selling more with less money in intraday trading.

If you are an active trader or a beginner who knows what exactly going on with recent changes brought by SEBI, Higher Margin won’t be a factor anymore, now the competition among the broking industry is in terms of better trading platforms and lower brokerages plans.

The upfront margin collection in cash segment has been kept at flat 20%, which means now the leverage for all stocks would be 5x also the penalty provision for short-collection/ non-collection of upfront margin in cash segment has been postponed till 1,dec, 2020.

This means regardless of any broker you won’t get more than 5X times margin in equity cash segment and in FNO you need to have the full margin span+exposure to take any position.

However, this will get implemented in a phased manner from Dec,1,2020 till Aug 2021, so no need to worry as of now. You can read more about it here.

Therefore, the margin or leverages offered will be equal irrespective of the stock brokers in India going forward.

In simple term margin will be:

Maximum of 20 times until Feb 2021

Maximum of 10x from Mar to May 2021

Maximum of 7x from Jun to Aug 2021

Maximum of 5x from Sep 2021 onwards

Above are rough estimates only, it may be more or less similar. check the complete VAR+ELM list here. With 10x leverage, if you have 10k in your account your purchasing power becomes 100k, with 5x leverage it comes down to 50k, so you will have to adjust accordingly.

Margins will increase for Option writing as well, margin requirements will be as below:

  • 25%(4X) of the SPAN + Exposure margins until Feb 2021
  • 50%(2X) of the SPAN + Exposure margins until from Mar to May 2021
  • 75%(1.33X) of the SPAN + Exposure margins until Jun to Aug 2021
  • Full SPAN + Exposure margins from Sep 2021

From 1st Dec 2020, intraday FnO positions needs a margin requirement of 25% of 1L, which is 25,000 for intraday FnO position. This requirement goes-up to 100% of FULL span + exposure margin or full 1L from Sep 2021.

Keep in mind this also applies to Currency and commodity derivatives as well.

For example: if there is a 20% margin requirement on a particular stock, then you will have to pay only Rs.20 to buy a stock of Rs.100. Another way to look at it is that if you have Rs.100, you will be able to buy five stocks instead of one.

Hence, the margin requirement will be same for all brokers including fyers and 5paisa for intraday trading in equites and derivatives.

One need to understand taking more margin means more risk and chances of your money getting wiped out is even more, so it is always advisable to use it in limited way.

So going forward please choose stock broker not in terms of margin or leverage as it is same for all brokers through out India.

Open Free Trading/Demat/Mutual Fund Account With Fyers Online Within minutes with no AMC for a limited time period here.

You can Open a free 5Paisa trading/demat account through this link for a limited time period.

Keep in mind this also applies to Currency and commodity derivatives as well. I am still showing you the margin comparison between 5paisa and fyers in case SEBI in future rules out this.

 

5Paisa Vs Fyers Margin Comparison In Equity (Cash) Segment:

 

5Paisa Vs Fyers Margin Comparison In Equity (Cash) Segment

 

As you can see in the image above, Fyers in comparison to 5Paisa gives much more margin in equity cash segment. As said with Bracket order(BO) and Cover order (CO) order types you will get extra margin which 20X for 5Paisa and 25X for fyers.

 

5Paisa Vs Fyers Margin Comparison In Futures and Options Segment:

 

5Paisa Vs Fyers Margin Comparison In Futures and Options Segment

 

For future and option in intraday 5paisa gives margin up to 3.35x times Which means if you want to buy 1 lot of nifty index which is about 1L, you would require only Rs.35000. (For optimum (FREE) user)

If we talk about fyers margin in futures and option segment, you can see the image below which is calculated from their margin calculator.

 

Fyers Margin In Futures 

 

Fyers Margin In Options Buying:

SPAN + Exposure margins are not applicable for option buyers. To initiate a trade, you will have to pay the entire premium for 1 lot. However, do provide some leverage for near-month Nifty contracts. Normally, to buy Nifty 10800CE you’ll have to pay the entire premium of ₹5250. (70 Price* 75 Lot Size).

However, if you use cover orders to buy, you will get some margins/leverage and you can buy it for a lesser amount. With a leverage of 1.3x, you will be able to buy 1 lot with just ₹4040 (5250/1.3).

 

5Paisa Vs Fyers Margin Comparison In Currency and Commodity:

Fyers Margin In Commodity(MCX):

Fyers provide margin in commodity futures as well, below are some calculation for most traded commodities in market like gold, silver and crude-oil.

 

Fyers Margin Commodity(MCX)

 

As you can see, in gold its 4X times of total overnight position for bo/co order. In Intraday normal orders it is almost 2.5X times.

Similarly for silver margin is almost 3.8X and crude its 7x times.

Fyers Margin In Currency Segment:

People who loves trading in Forex or currency, fyers offer different margin for different pairs of currency like for USD/INR in intraday you need to pay Rs.672/per lot, for taking the overnight position you required to pay Rs.2038, whereas in BO/CO depending upon you stop-loss and target, you pay around Rs.355.

check the image below:

 

Fyers Margin In Currency Segment

 

5Paisa Margin In Commodity Segment:

Delivery futures exposure
Intraday futures exposure
Option contracts
1x
2x
1x

5Paisa Margin In Currency Segment:

Derivatives
Intraday Exposure
Futures
3x
Options long
1x
Options short
3x

 

So, overall if we see in terms of margin in any segment Fyers provide highest margin in comparison to 5Paisa.

Open Free Trading/Demat/Mutual Fund Account With Fyers Online Within minutes with no AMC for a limited time period here.

You can Open a free 5Paisa trading/demat account through this link for a limited time period.

 

Unlike other brokers, 5paisa offers different services depending upon the subscription package you take at the time of opening the account with them.

This means either you do not take any add on plan from 5 paisa and continue using the services with normal features or opt for 2 addon plans that they have.

They provide 2 types of add on Plans:

  1. Power Investor Pack
  2. Ultra Trader Pack

 

5Paisa Power Investor Pack Review:

If you are someone who does not have either time to do technical or fundamental analysis or you do not have enough knowledge to do so, than 5Paisa power investor pack are best thing you can opt.

Having said that as stated above these add on plans are not compulsory at all.

 

5Paisa Power Investor Pack Review:

 

Let us know the features and services under 5Paisa power investor plan :

  1. Flat Fee of Rs. 10 per executed order (50% discount)
  2. Stock ideas for intraday and short term trading from another product known as “Swing Trader”
  3. Long term ideas from another product known as “Smart Investor”
  4. Advanced Portfolio Analytics: Compare your portfolio performance with benchmark indices, sectorial concentration and much more
  5. Free Model Portfolio and list of hot stocks to watch out for.
Smart Investor:
  1. Advisory recommendation for long term
  2. Model Portfolio for new customers (track record of 10-15% more return than NIFTY)
  3. Timely communication for BUY & SELL
  4. Get extensive research on over 4000 stocks absolutely FREE
Swing Trader:
  1. Short term recommendations for 2-14 days
  2. Success rate 60-65%
  3. Daily recommendations
  4. Timely communication for BUY & SELL absolutely FREE
Research:
  1. Get Market Evaluation
  2. Daily Market Outlook
Portfolio Analyzer:
  1. Track your Portfolio
  2. Create benchmark
  3. NAV of equity portfolio – a first in the industry
  4. Check your buy sell decisions

So basically under power investor pack you get the best trading and investment ideas. Hence if you are trader or investor looking for short, mid or long term form of investment or trading than you can atleast give it a try for a month.

 

5Paisa Ultra Trader Pack Pack Review:

5Paisa ultra trader pack as the name suggest is basically for someone who do more of intraday trading plus investment.

 

5Paisa Ultra Trader Pack Pack Review:

 

Features
Benefits
Free Trades
First 100 trades FREE every month
Brokerage
Flat Rs. 10 per executed order from 101st trade for all segments
Options writing exposure
Up to 4 times on all days
Call and Trade
Free
Smart Maintenance
Free
DP Charges
Free
Net Banking Pay In Charges
Free
Smart Investor
Free
Swing Trader
Free
Portfolio Analyzer
Available

Note: 18% GST applicable on all the above mentioned charges

Also, keep in mind that subscription charges are payable either Monthly or Annually and once paid is non -refundable.

Incase you do not opt for any such add-on pack from 5paisa these features and services won’t be available for you.

 

5Paisa Vs Fyers Brokerages Comparison:

As, you can see from the image 5 Paisa brokerage is depended upon the subscription plan you chose, for free basic plan they charge flat fee of Rs. 20 per executed order.

Keep in mind these brokerage is for free plan and not the two add-on packs ultra and power.

Fyers on the other hand Rs.20 or 0.03%(whichever is lower). For options in equity, currency and commodity it is flat Rs.20 per order.

 

Fyers Review On Brokerage

 

What they mean is, suppose you bought stock xyz priced at Rs.100, quantity 100 on intraday basis,

so the total turnover would be bought 100, sold 100(100*200)=  20,000 on this amount they will charge either whichever amount is lower as 0.03% of 20000, is Rs.6 so they will charge that instead of flat Rs.20.

So, if you see and compare the brokerage for both 5Paisa and Fyers When comparing the free plan with fyers, fyers brokerages are lower. Having said that 5Paisa on brokerage are less for premium plans which include several other facilities, now its up to you to decide.

Open Free Trading/Demat/Mutual Fund Account With Fyers Online Within minutes with no AMC for a limited time period here.

You can Open a free 5Paisa trading/demat account through this link for a limited time period.

 

5Paisa Vs Fyers Trading and Demat Account Opening Charges:

For 5paisa demat and trading account there are no charges for account opening for a limited time period, the only thing is subscription charges for different plan that totally depends on you to take, basic Plan has no subscription charges at all.

However if you want to take benefit of premium service in other two subscription, power investor Plan, Ultra trader Plan you can try them on monthly basis as well.

5Paisa Demat account charges depends on holding value in demat account, for example if the holding value of stocks turn out to be less than Rs.50,000 there are no AMC, where as above Rs.50,000 and less than Rs. 2lacs it is Rs.8 per month and above Rs.2 lacs the AMC will be charged Rs.25 per month.

Account opening charges at Fyers:

There are no Account opening charges at Fyers for a limited time period.

However AMC (annual maintenance charges) of ₹ 300 + GST will be levied per annum.

This amount will be debited from your Trading Account Ledger on a quarterly basis. Each quarter, an amount of ₹75 + GST (₹88.5) will be debited from your FYERS account.

However, AMC has also been levied free for a limited time period for lifetime.

So, overall if you see Fyers Is charging less AMC compare to 5Paisa for a limited time period as an offer,

 

5Paisa Vs Fyers Online Account Opening Process:

To open an account online with Fyers, you can sign up using your mobile number through this link. You will receive an OTP to your number and you can get started with the process.
You will be required to enter your PAN, bank account details and personal details to continue with the sign-up
To open an account with Fyers right away click on this link.
Fyers Account Opening Process

 

 

To open an A/c online with 5Paisa, Click on this link and first enter your mobile number,

You will be required to enter your PAN, bank account details and personal details to continue with the sign-up.

To open an account with 5Paisa right away click on this link

 

5Paisa Account Opening Charges and Process

 

Once you sign up you need to upload certain documents listed below:

  1. Your PAN card
  2. Your Aadhaar
  3. To complete the e Sign process, you will have to authenticate it with an OTP. So, make sure you have the number linked to your Aadhaar handy. If not, you will not be able to complete the process. If the number linked to your Aadhaar is inactive, or if you don’t have any number linked, then you can visit your nearest Aadhaar Seva Kendra to get it updated.
  4. Cancelled cheque/Bank statement to link your bank account –

If your cheque is not personalized then the bank statement you upload should have both the IFSC and MICR code printed on it. If not then your application will be rejected. The bank statement has to be self-attested.

  1. A photo or scanned copy of your signature proof will be required to be uploaded.
  2. Income proof –

It is mandatory to submit income proof if you wish to trade in Futures and options – Equity, Commodity, and Currency.  You can submit one of the below documents.

  • Form-16
  • Income tax returns acknowledgment
  • 6-month Bank statement
  • Latest salary slip
  • Demat holding statement, or
  • A CA certifying your net worth

Note: The documents mentioned are for a Resident Individual Account.

 

5Paisa Vs Fyers Trading Platform Comparison:

 

5Paisa Vs Fyers Trading Platform Comparison

 

The most important part of any trading platform is the tools and resources it has to technical analysis. Fyers and 5Paisa both has all the indicators and types of chart required to make it possible.

Whether you want to use:

MACD indicator

Bollinger Bands indicator

RSI indicator

Fibonacci Retracement levels

Volume Indicator

Support and Resistance indicator

Different Candlestick patterns etc. you name the indicator and it will be there, so all in all Fyers and 5Paisa has everything what is needed for a hassle-free trading platform. You can add- withdraw funds directly, create or back-test trading strategies and lot more.

The reason I am not involving all the features of different trading platform, because unnecessary it will be long, second all the features are somewhat equal, however you can read them in detail if you want here for Fyers trading platform for 5paisa trading platform.

Overall, 5Paisa trading platform is little better than fyers in terms of user interface and operation, but the does not mean fyers does not have good trading platform.

Open Free Trading/Demat/Mutual Fund Account With Fyers Online Within minutes with no AMC for a limited time period here.

You can Open a free 5Paisa trading/demat account through this link for a limited time period.

 

5Paisa Vs Fyers Orders Comparison:

Order Type Compare
5paisa
Zerodha
CNC order
Yes
Yes
MIS order
Yes
Yes
NRML order
Yes
Yes
Cover order
Yes
Yes
Bracket order
Yes
Yes
AMO-After Market Orders
Yes
Yes
GTC-Good Till Cancelled
Yes
Yes

 

Fyers Thematic Investing Platform Review:

Fyers along with the trading services gives its clients a platform to build portfolios which are pre designed and chosen by fyers. One who are looking for investment rather than trading can easily invest through thematic investing platform.

Thematic investing allows you to invest in different themes or portfolios without getting into the stock specifics. So, instead of spending your precious time doing fundamental analysis and trying to build your portfolios, you can simply choose various themes offered by fyers.

 

Fyers Thematic Investing

 

A theme is a portfolio of stocks which revolve around a particular idea or sector. Themes are intelligently designed to help investors build a good portfolio rather than individual stocks.

It is a less risky way of investing in the Indian stock market as compared to directly investing in individual stocks as it offers more diversification.

For those who are keen on investing but don’t know how to start, this is your go-to platform for building an optimal portfolio.

Choosing this route, gives you a hassle-free experience as themes are rebalanced periodically to help you stay tuned with current developments in the stock market with the help of fyers research team.

As I have already told you above there are No or say zero brokerage to pay for using thematic investment in fyers.

Other than this zerodha has tied up with various other financial tech companies provide many other services, however there is some charge associated with each services.

Open Free Trading/Demat/Mutual Fund Account With Fyers Online Within minutes with no AMC for a limited time period here.

 

What Is 5Paisa Smart Investor?

5Paisa smart investor is a research tool help to build your portfolio. If you want to invest they provide insights as well as pre-build portfolio.

 

what is 5paisa smart investor?

 

This feature is provided in partnership with Marketsmith India, a Research & advisory company founded by legendary US investor & author William J. O’Neil.

 

what is 5paisa smart investor?
To avail our Smart Investor feature, you need to buy  Subscription Plan.

You can Open a free 5Paisa trading/demat account through this link for a limited time period.

 

5Paisa Vs Fyers Other Services Comparison:

 

5Paisa Vs Fyers Other Services Comparison

 

Open Free Trading/Demat/Mutual Fund Account With Fyers Online Within minutes with no AMC for a limited time period here.

You can Open a free 5Paisa trading/demat account through this link for a limited time period.

 

My Opinion On 5Paisa Vs Fyers:

I hope you have now thoroughly understood most of the services offered by 5Paisa and Fyers, if you ask me in 5Paisa vs Fyers which is better?

Expressing my opinion in terms of all technological tools, advanced platforms, robust management, margin brokerage:

I would rate 5Paisa 8.9 out of 10.

5Paisa has all services at one place and they offer free account opening so nothing to lose,

Moreover, with 5Paisa you can also invest in US Markets easily within few steps, as of now only ICICIDirect has this options for its users.

5Paisa is more of a full-time stock broker offering all services such as loans, insurance, mutual funds, advisory, stock recommendation etc.. You will not get any such services with Fyers as of now.

Fyers is just 4 years old, have made itself a brand within this period. There are more than 300 stockbrokers in India which are working from so long, but Fyers has created its own place.

This a significant example of how a startup should work, As I have already experienced the various services offered by fyers, I must say there are ahead in the race and will be in Top 5 stock broker position very soon.

Open Free Trading/Demat/Mutual Fund Account With Fyers Online Within minutes with no AMC for a limited time period here.

If I have to rate the Fyers in comparison with 5Paisa, I will give 8.7 out of 10.

So don’t wait, go ahead and open an account now with Fyers.

Or else you can open an account with both and continue the services whichever suits you best, as you only need to spend Rs.25 per month for 5paisa that too if the holding value in demat is above 1.5 lakh.

If you are a beginner in trading and investing, please read this amazing guide on how share market works in India?

You can check my review on Zerodha.

You can also check my comparison for zerodha vs 5paisa here

If, you have liked the content please do share it with your friends or on social media, as sharing do bring the good karma. If you have any questions or feedback you can leave them in comment box below.

Note: Please do your own research and make investment. Moneycontain will not be responsible for any of your losses at all. The point made is for educational purpose only and intended to give information. All investments are subject to risks, which should be considered prior to making any investments.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?

Leave a Reply