Quick Comparision (5Paisa
VS Elite Wealth)
5Paisa
5paisa - Online Share/Stock Trading, Discount Brokers in India 5Paisa Review- Free Investment in Equity Delivery, FNO Trades at Flat 20 Rs. Review gives an overall view of the updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, 5Paisa Review of NRI Account, Branches, Customer Complaints, Advantages and Disadvantages.
5Paisa
Elite Wealth
Single Margin Facility
Year of Incorporation
2007
1990
Exchanges
BSE, NSE and MCX.
NSE, BSE, MCX and NCDEX
Branches
Zero
N/A
Brokerage
₹20/ Order
0.03%
Broker Type
Discount Broker
Full Service Broker
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5Paisa
Elite Wealth
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹300/-
First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method
Trading Account AMC
₹0 (Free)
₹0 (Free)
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5Paisa
Elite Wealth
Commodity Futures
₹20/ Order
0.03%
Currency Futures
₹20/ Order
0.03%
Equity Delivery
₹20/ Order
0.33%
Equity Options
₹20/ Order
₹33 per Lot
Commodity Options
₹20/ Order
0.03%
Equity Futures
₹20/ Order
0.03%
Currency Options
₹20/ Order
₹33 per Lot
Fixed Charges
₹499/ Month
0.03%
Equity Intraday
₹20/ Order
0.03%
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5Paisa
Elite Wealth
RMS Square Off Charge
₹20/ Order
₹0 (Free)
API Charges
₹0 (Free)
₹0 (Free)
Call & Trade Charges
₹0 (Free)
₹0 (Free)
Other Brokerage Charges
₹499/ Month
0.03%
Minimum Brokerage
₹20/ Order
0.03%
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5Paisa
Elite Wealth
Currency Options
0.035%
NSE: Exchange turnover charge: 0.04% | Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% |Clearing charge: 0.025%
Equity Futures
0.0020%
NSE: 0.00195% on Total Turnover value
Equity Intraday
0.00345% (NSE) | 0.00345% (BSE)
NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group | Exchange turnover charge: 0.00022% | Clearing charge: 0.0004%
Equity Options
0.053%
NSE: 0.053% on Premium value
Commodity
Grp A (28 Commodities) 0.0026% | Grp B (4 Commodities) | BLACK PEPPER - 0.0005% | BRASS - 0.0005% |CASTORSEED - 0.0005% | RBDPALMOLEIN - 0.001% | Options Contracts: 0.05%
Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month To) 0.0013% On Turnover For A Category (Far Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Followers Scrip: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN
Currency Futures
0.0009%
NSE: Exchange turnover charge: 0.0009% |Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% |Clearing charge: 0.0004%
Equity Delivery
0.00345% (NSE) | 0.00345% (BSE)
NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group Exchange turnover charge: 0.00022% | Clearing charge: 0.0004%
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5Paisa
Elite Wealth
Equity Options
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
Equity Intraday
5x (Up to 20% of trade value)
5x (Up to 20% of trade value)
Currency Options
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + exposure))
Commodity Options
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
Commodity Futures
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
Equity Delivery
1x (100% of trade value)
1x (100% of trade value)
Currency Futures
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + exposure))
Equity Futures
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
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5Paisa
Elite Wealth
Online Portfolio
Algo Trading
Margin Trading Facility
Call & Trade Facility
Referral Program
Collateral Margin
Online Demo
3 in 1 Account
Charting
Intraday Square-off Time
Cash and derivatives :- 3:20 pm | Commodity :- 11:30 P.M | Currency: 4:45 PM
Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM
Trading Platform
5 Paisa Mobile App, Trade station Web, Trade Station Exe, Algo Trading, 5paisa Robo Advisory
1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform
SMS Alerts for Trades
Direct Mutual Fund
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5Paisa
Elite Wealth
Trading Brokerage
Customer Service
Fees
Trading Platform Usability
Mobile App
Research
Desktop Software
Overall Ratings
Broker Rating
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5Paisa
Elite Wealth
Currency
IPO
Commodity
Debt
Other Options
Stock Cash / Equity
Mutual Funds
Bond / NCD
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5Paisa
Elite Wealth
Bracket Order/BO/OCO
BTST
Cover Order/CO
Good Till Cancelled (GTC)
BUY ABOVE/SELL BELOW (SL-M)
After Market Order(AMO)
STBT
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5Paisa
Elite Wealth
Free Tips
Quarterly Result Analysis
Daily Market Report
News Alerts
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5Paisa
Elite Wealth
Casual Investor
Active Investor
Trader
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5Paisa
Elite Wealth
Pros
1.It is being promoted by IIFL which is a premier non-banking financial institution. 2.Different subscription plans according to the need of clients. 3.No software charges.4.Free technical, derivative and fundamental advice to customers. 5.It offers mutual funds and insurance.
1. It is a full-service broker 2. It provides equity and Mutual Fund research and recommendation services to all its customers. 3. Excellent Research 4. Call n Trade Facility 5. It facilitates its customers with a RM (Relationship Manager). 6. It offers Upcoming IPO updates 7. Online access to the account on all days
Cons
1.Non availability of 3-in-1 account 2.High Demat debit transaction charges. 3.Compared to other discount brokers exchange transaction charges are also very high. 4.NRI trading services are not offered by 5 paisa. 5.It does not provide commodity trading services.
1. Brokerage charges are high as compared to the discount brokers. 2. It does not provide three-in-one account and does not have banking license. 3. Risk of Overtrading.
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5Paisa
Elite Wealth
Commodity Futures
0.0001% (On exercise purchaser) 0.01% (Sell Future)
0.01% on Sell Side Non-Agri
Currency Futures
No STT
No STT
Equity Intraday
0.025%
0.025% on Sell
Equity Options
0.05% (Sell Option)
0.05% on Sell (on Premium)
Currency Options
No STT
No STT
Equity Delivery
0.10%
0.1% on both buy & Sell
Equity Futures
0.01% (Sell Future)
0.01 % on Sell
Commodity Options
0.05% (Sell Option)
0.05% on Sell Side
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5Paisa
Elite Wealth
Equity Demat Transaction Charges
₹12.5 + Gst per scrip per day only on sell
No Charges
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5Paisa
Elite Wealth
Equity/Currencies/Commodities ( Delivery & FNO)
18% on ( Brokerage + Transaction Charge)
18% on (Brokerage + Transaction Charge)
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5Paisa
Elite Wealth
Equity/Currencies/Commodities ( Delivery & FNO)
₹10/ Crore
₹10/Crore
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Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹300/-
First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method
Trading Account AMC
₹0 (Free)
₹0 (Free)
Enquiry with Elite Wealth
5Paisa
Elite Wealth
5Paisa Review | Brokerage Charges, Account Opening 5Paisa is one the leading stock brokers of India. Being started on March 2016 to becoming 2nd largest stock broker of India in Dec 2018, 5Paisa company covered a long way in a very short span of time. 5paisa broking review provides trade in equity, commodity and currency at BSE, NSE and MCX. 5paisa trading platform review offers different trading p ..
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5Paisa
Elite Wealth
Commodity Futures
₹20/ Order
0.03%
Currency Futures
₹20/ Order
0.03%
Equity Delivery
₹20/ Order
0.33%
Equity Options
₹20/ Order
₹33 per Lot
Commodity Options
₹20/ Order
0.03%
Equity Futures
₹20/ Order
0.03%
Currency Options
₹20/ Order
₹33 per Lot
Fixed Charges
₹499/ Month
0.03%
Equity Intraday
₹20/ Order
0.03%
Call Back
Open Account
Enquiry with Elite Wealth
5Paisa
Elite Wealth
Equity Options
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
Equity Intraday
5x (Up to 20% of trade value)
5x (Up to 20% of trade value)
Currency Options
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + exposure))
Commodity Options
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
Commodity Futures
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
Equity Delivery
1x (100% of trade value)
1x (100% of trade value)
Currency Futures
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + exposure))
Equity Futures
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
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5Paisa
Elite Wealth
RMS Square Off Charge
₹20/ Order
₹0 (Free)
API Charges
₹0 (Free)
₹0 (Free)
Call & Trade Charges
₹0 (Free)
₹0 (Free)
Other Brokerage Charges
₹499/ Month
0.03%
Minimum Brokerage
₹20/ Order
0.03%
Call Back
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Enquiry with Elite Wealth
5Paisa
Elite Wealth
Commodity Futures
0.0001% (On exercise purchaser) 0.01% (Sell Future)
0.01% on Sell Side Non-Agri
Currency Futures
No STT
No STT
Equity Intraday
0.025%
0.025% on Sell
Equity Options
0.05% (Sell Option)
0.05% on Sell (on Premium)
Currency Options
No STT
No STT
Equity Delivery
0.10%
0.1% on both buy & Sell
Equity Futures
0.01% (Sell Future)
0.01 % on Sell
Commodity Options
0.05% (Sell Option)
0.05% on Sell Side
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5Paisa
Elite Wealth
Equity Demat Transaction Charges
₹12.5 + Gst per scrip per day only on sell
No Charges
Call Back
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5Paisa
Elite Wealth
Equity/Currencies/Commodities ( Delivery & FNO)
18% on ( Brokerage + Transaction Charge)
18% on (Brokerage + Transaction Charge)
Call Back
Open Account
Enquiry with Elite Wealth
5Paisa
Elite Wealth
Equity/Currencies/Commodities ( Delivery & FNO)
₹10/ Crore
₹10/Crore
Call Back
Open Account
Enquiry with Elite Wealth
5Paisa
Elite Wealth
Online Portfolio
Algo Trading
Margin Trading Facility
Call & Trade Facility
Referral Program
Collateral Margin
Online Demo
3 in 1 Account
Charting
Intraday Square-off Time
Cash and derivatives :- 3:20 pm | Commodity :- 11:30 P.M | Currency: 4:45 PM
Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM
Trading Platform
5 Paisa Mobile App, Trade station Web, Trade Station Exe, Algo Trading, 5paisa Robo Advisory
1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform
SMS Alerts for Trades
Direct Mutual Fund
Call Back
Open Account
Enquiry with Elite Wealth