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TradePlus Online Vs 5Paisa
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TradePlus Online Vs 5Paisa is one of the top stockbroker comparisons traders look for. Here is the comparison with respect to Brokerage, Customer Service, Trading Platforms etc. This comparison article also provides a video comparison between TradePlus Online Vs 5Paisa so that you get a 360-degree view about which broker to go ahead with.
TradePlus Online Vs 5Paisa Basics
Here is a point by point comparison of TradePlus Online Vs 5Paisa.
TradePlus Online is a discount broker and started as an Equity broker with NSE in 1995 and with BSE recently in 2010. It has a unique pricing model where it charges a fixed monthly fees for unlimited trading on trading segments including Currency, Options and Commodity. They are one of their own kind when it comes to using Social Media as they use Twitter to handle clients’ issues keeping TAT pretty quick and customer satisfaction high.
5Paisa is a discount broker launched by India Infoline (IIFL) in 2015 and allows a trader to trade across Equity, Currency, Insurance and Mutual Funds. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between TradePlus Online and 5Paisa to help you find which of the two suits your needs better. The comparison is made on various aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
Generally above mentioned aspects are good enough to make a decision based on your preferences, but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stock broking firms. We hope this article helps you to understand which of the two brokers is better for your needs and which one to go for.
TradePlus Online Vs 5Paisa Comparison
 |  | |
| Trade Plus Online Review | 5Paisa Review | |
| OVERVIEW | ||
| Broker Type | Discount Broker | Discount Broker |
| Incorporated In the Year | 1995 | 2015 |
| Number of branches across India | 300 | 2 |
| Exchanges | BSE, NSE, MCX | BSE, NSE, MCX-SX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹199 | ₹250 |
| Trading Account Annual Maintenance Charges | ₹499 (for 5 years) | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹400 |
| Transaction Charges | TradePlus Online Transaction Charges | 5Paisa Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.1% | ₹10 per executed order |
| Intraday Delivery | 0.01% | ₹10 per executed order |
| Equity Futures | ₹799 per month for Unlimited trading or 0.01% whichever is lower | ₹10 per executed order |
| Equity Options | ₹99 per month for Unlimited trading or 0.01% whichever is lower | ₹10 per executed order |
| Currency Futures | ₹99 per month for Unlimited trading or 0.01% whichever is lower | ₹10 per executed order |
| Currency Options | ₹99 per month for Unlimited trading or 0.01% whichever is lower | ₹10 per executed order |
| Commodity | ₹99 per month for Unlimited trading or 0.01% whichever is lower | NA |
| Calculate Brokerage | TradePlus Online Brokerage Calculator | 5Paisa Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | 4 times for Delivery on Shares when VAR margin is less than 20% | Upto 15 times for Intraday & Upto 4 times for Delivery |
| Equity Futures | NA | Upto 2 times for Intraday |
| Equity Options | Upto 2 times for Intraday | Upto 2 times for Intraday |
| Currency Futures | NA | Upto 2 times for Intraday |
| Currency Options | Upto 2 times for Intraday | Upto 2 times for Intraday |
| Commodities | Upto 2 times for Intraday | NA |
| Margin | 5Paisa Margin | |
| RESEARCH | ||
| Daily Market Reports |  |  |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| Customer Care | 5Paisa Customer Care | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | Nest On Web, Infini Trader, TradPlus Mobile | 5Paisa Trade Station, 5Paisa Trader Terminal, 5Paisa Mobile App |
| Complaint Percentage of Active Clients | 0.08% | 0.06% |
| OVERALL RATING |  |  |
*NSE Complaints Percentage: Lower is this number, Better is the broker.
Before we complete this comparison, we think one quick understanding of brokerage charges is important.
Full-service stockbrokers charge brokerage as a percentage of your trading turnover. For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.
Discount brokers, on the other hand, charge a flat rate brokerage (could be ₹10, ₹20 etc) irrespective of the trade value.
Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with TradePlus Online Vs 5Paisa for the benefits of other readers. Please feel free to share in the comments below.
Furthermore, in case you are looking to get started with stock market trading or investments in general, let us assist you in taking the next steps forward.
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A Digital Blogger
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TradePlus Online Vs 5Paisa
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