Zerodha Vs 5Paisa Charges Brokerages Margin Full Comparison Guide 2021

  • Post last modified:August 1, 2021
  • Post category:Stock Market
  • Reading time:21 mins read
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If you are thinking to open an new trading or demat account or switching your existing broker to find better, Zerodha Vs 5paisa comparison in this post will certainly guide you to choose among the best between both stockbrokers.

Many beginners assume 5Paisa as a discount broker, but when you look at the services offered by them one can conclude 5Paisa is a equal to a full time stock broker.

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

According to the latest NSE data, Zerodha is at the top with more than 4.3 million active clients to be precise, 43,91,056 whereas 5Paisa have more than 1 million approx. 100,2020 active clients.

Although the number do speak for themselves but one should never consider this as a benchmark before choosing any stock broker.

There are many criteria such as best trading platform and mobile apps, lowest brokerage, good customer service, lower or no cost for opening trading/demat account etc.

Coming back to Zerodha Vs 5paisa broker comparison, I have tried to cover all major aspects for both brokers, just to let you know this comparison or say review is based on facts, as I personally have account with both brokers.

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 Zerodha Vs 5Paisa to tell you in short about who is best by which you can make instant decision to open account instantly.

 

Zerodha 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 zerodha.
  2. Both stock brokers 5paisa and zerodha, have fantastic trading platform for desktop/mobile app, you can do fundamental as well as technical analysis quite easily.
  3. Zerodha trading platform have also partnered with third party service integration as well such as Smallcase for portfolio based investments and, Sensibull for option based strategies, streak, Sentinel, Tickertape etc.
  4. 5paisa have also done integration with Sensibull, however smallcase is not yet there.
  5. 5Paisa is a discount cum – full time broker, you may enjoy stock recommendation depending upon the paid addon plan you take. This service is not available with Zerodha.
  6. 5Paisa has option for you to make investment in US stocks such as Apple, Amazon, Google, etc. as well whereas Zerodha does not have this feature as of now.
  7. Zerodha brokerages are lower than 5Paisa brokerages when comparing free basic plan of 5Paisa. 5Paisa charging Rs.20 per executed order whereas Zerodha charging Rs.20 or 0.03% (whichever is lower). Zerodha also offers free delivery i.e. brokerage free trades.
  8. Call and trade service if you use than charges are Rs.50 for Zerodha whereas for 5Paisa basic plan (free) you will be charged Rs.100. Other charges such as stamp duty, DP, transactions charges remains same for both.
  9. 5Paisa as well as Zerodha offers brokerage or say commission free mutual funds investment and platform for its users.
  10. If we talk about Margin at Zerodha vs 5Paisa, after SEBI Rules on Intraday margin every stockbroker is giving same margin in equity throughout India, hence this does not matter anymore.
  11. With Zerodha and 5Paisa you can also invest and trade in IPO’s, NFO’s, ETF, SGB, and many other financial products with so much ease.
  12. 5Paisa also offers Insurance, gold/personal loans, investments services apart from broking service.
  13. Zerodha do charges one time account opening fee of Rs.200 and Rs.300 for AMC (Annual Maintenance Charge) at the year end. Where as 5Paisa for a limited time period is allowing free trading/demat account, they charges Rs.25 Per month. for AMC.
  14. Overall, Zerodha and 5Paisa both are giving their best services, resources and tools to its users, having said that 5Paisa have an added advantage as it gives you the stock recommendation i.e. advisory service although paid.

 

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.

So if you are more of ok with trading and investing by all yourself go with Zerodha, they are best at present, or if you are someone who need assistance in trading and investing should opt for 5Paisa.

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

Click Here to open an Zerodha trading/demat/mutual fund account online hassle-free within minutes

 

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

 

About Zerodha Vs 5Paisa:

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

 

Zerodha Vs 5Paisa Charges Brokerages Margin Full Comparison Guide 2020

 

 

Zerodha Vs 5Paisa 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 zerodha 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.

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

Click Here to open an Zerodha trading/demat/mutual fund account online hassle-free within minutes

I am still showing you the zerodha vs 5paisa margin for past reference or incase SEBI made any changes further.

 

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

 

Zerodha Vs 5Paisa Margin Comparison

 

 

Zerodha Vs 5Paisa Margin Comparison In Future 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 user)

 

Zerodha Vs 5Paisa Margin Comparison In Future and Options Segment

 

 

Zerodha Vs 5Paisa Margin Comparison In Currency and Commodity

 

Zerodha Vs 5Paisa Margin Comparison In Currency and Commodity

 

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.

Zerodha does not offer any such subscription plan like 5paisa.

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

Click Here to open an Zerodha trading/demat/mutual fund account online hassle-free within minutes

 

Zerodha Vs 5Paisa Brokerages Comparison:

Zerodha brokerage is what make them ahead in the game, as you can see , there is no charge for taking delivery of the trades to your demat account. Whereas for intraday trades across equity, currency, commodity, it is flat Rs.20 or 0.03%(whichever is lower).

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.

Whereas 5Paisa do not charge any brokerage, for any segment, they only 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.

Similarly you can make investments in mutual funds through monthly SIP or Lumpsum using 5paisa and zerodha platform and there are Zero charges as well as no commissions.

Overall, the brokerage is lower for Zerodha if we compare the free plan of 5Paisas expect the 5Paisa has certain add-on plans where it is quite low.

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

Click Here to open an Zerodha trading/demat/mutual fund account online hassle-free within minutes

 

Zerodha Vs 5Paisa Trading and Demat Account Opening Charges:

Zerodha Trading and Demat Account Opening Charges:

Type of account
Equity (for trades on Equity, F&O and Currency)
Plus Commodity (MCX)
Online account
₹ 200
₹ 300
Offline account
₹ 400
₹ 600
NRI account (offline only)
₹ 500
N/A
Partnership, LLP, HUF, or Corporate accounts (offline only)
₹ 500
₹ 800
Zerodha Demat account charges = ₹0

Annual maintenance charges = ₹300/year

 

5Paisa Trading and Demat Account Opening Charges:

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.

Overall, 5paisa is better than zerodha in terms of account opening and demat charges.

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

Click Here to open an Zerodha trading/demat/mutual fund account online hassle-free within minutes

 

Zerodha Vs 5Paisa Online Account Opening Process:

To open an account online with zerodha, 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.

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.

Once you signup 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.

To open an account with Zerodha right away click on this link.

 

espresso vs zerodha review

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

 

5Paisa Account Opening Process

 

 

Zerodha Vs 5Paisa Other Charges Comparison:

 

Zerodha Vs 5Paisa Other Charges Comparison

 

 

Zerodha Vs 5Paisa Trading Platform Comparison:

 

Zerodha Vs 5Paisa Trading Platform Comparison

 

The most important part of any trading platform is the tools and resources it has to technical analysis. Zerodha 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

Volume Indicator

Support and Resistance indicator

Different Candlestick patterns etc. you name the indicator and it will be there, so all in all zerodha 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 Zerodha trading platform for 5paisa trading platform.

Overall, Zerodha trading platform is little better than 5Paisa in terms of user interface and operation, but the does not mean 5Paisa does not have good trading platform. I want to give credit to zerodha for the best technological advancement they have brought in finance broking industry.

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

Click Here to open an Zerodha trading/demat/mutual fund account online hassle-free within minutes

 

Zerodha Vs 5Paisa 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

 

Apart from this zerodha also have GTD(good till triggered) order type, 5Paisa don’t have this type of order.

 

Zerodha Vs 5Paisa Other Services Comparison:

 

Zerodha Vs 5Paisa Other Services Comparison

 

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

Click Here to open an Zerodha trading/demat/mutual fund account online hassle-free within minutes

 

Zerodha With Tickertape:

Zerodha in association with tickertape gives you complete package of doing fundamental analysis of any stocks. This is in built with zerodha kit web and mobile application.

 

Zerodha With Tickertape 

 

You just need to click on any stock and than click on fundamentals, this is how it appears:

 

Zerodha Review On Margin Brokerage Trading Platform- Best Ultimate Guide 2020

 

As, you can see, in above image of SBI bank, you can see all the fundamental with charts and data points, this can be great if you want to invest for long term.

5Paisa Swing Trader:

5Paisa leverages swing trading strategy to offer its customers short term investment ideas for quick money making. Swing Trading is a strategy that focuses on taking smaller gains by making short term investments.

The gains might be smaller, but when done consistently over time gives excellent annual returns. Swing Trading positions are usually held a few days to a couple of weeks.

For this, it has tied up with Swing Trader India, a research & advisory company founded by US investment legend & author William J O’ Neil. Swing trader combines Technical & Fundamental analysis to evaluate stocks.

It extensively uses CAN SLIM methodology of William O’Neil to filter promising stocks. Swing Trader has target of 5% to 10% return for the stocks in buy zone & stop loss at 2% -3%. Recommendations are generally for period of 2 to 20 days.

To avail our Swing Trader feature, you need to buy any of below mentioned Subscription Plan:

Features
Optimum Plan
Platinum Plan
Titanium Plan
Swing Trader
Not applicable
Free
Free

 

To buy Swing Trader, you need to subscribe monthly or annually to add-on Plan. You also have an option to upgrade your plan.

 

Zerodha With Refinitiv:

 

Zerodha With Refinitiv

 

Zerodha and Refinitiv combination provides the platform for StockReports+ , it is a comprehensive stock, market, and industry research and analysis from Thomson Reuters for 3000+ Indian stocks, updated daily. You can get access to all the research related info  for any stocks.

 

Zerodha Review On Margin Brokerage Trading Platform- Best Ultimate Guide 2020

 

Zerodha With Streak:

 

Zerodha With Streak

 

Zerodha partnered with streak to give you access to all the technical parts, with help of streak you can create different strategies back-test them and deploy the automatically. No need to do the manual technical analysis anymore.

 

Zerodha Review On Margin Brokerage Trading Platform- Best Ultimate Guide 2020

 

There are lot of other premium optional services provided by both for their clients, some are free, some have little charge associated. Its totally up to you to decide which one you need or don’t need there is no compulsion as such .

 

5Paisa With Smallcase:

 

5Paisa With Smallcase

 

Smallcases are baskets of stocks & ETFs that help you build a low-cost, long term diversified portfolio. 5Paisa in association with smallcase helps investors to pick pre-build well researched portfolio.

 

5Paisa Review On Margin Brokerages Trading Platform- Best Monster Guide 2020

 

 

5Paisa With Sensibull:

 

5Paisa With Sensibull

 

Sensibull is India’s first options trading platform, offering everything from simplified options trading for new investors to powerful trading tools for the pros. Sensibull aims to make options trading safe, accessible, and most importantly, profitable for all.

 

Sensibull is India’s first options trading platform, offering everything from simplified options trading for new investors to powerful trading tools for the pros. Sensibull aims to make options trading safe, accessible, and most importantly, profitable for all.

 

Sensibull was founded with the absurdly impossible vision of making the small guy win against the big guy in financial markets.

Smallcase and Sensibull both the services are available under the basic subscription plan with 14 days free trial.

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

Click Here to open an Zerodha trading/demat/mutual fund account online hassle-free within minutes

 

My Opinion On Zerodha Vs 5Paisa:

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

Expressing my opinion in terms of all technological tools, advanced platforms, robust management I would rate zerodha 9.3 out of 10.

On the other hand I would rate 5Paisa 9 out of 10 keeping all services offered by them in view.

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 Zerodha as of now.

Therefore, I want to suggest new comers or beginners in trading and investment to open an account with 5Paisa rather than zerodha.

5Paisa has all services at one place and they offer free account opening so nothing to loose, whereas if you just want to trade and invest go with zerodha they have the best technology and they are the no.1 broker in India, in terms of active client right now.

Open free account with 5Paisa and get Rs.250 Cash Credit here.

Open online paper-less Account with Zerodha here

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

You can also check my review on Fyers.

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.

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