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EZ Wealth Vs 5Paisa
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EZ Wealth 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 EZ Wealth Vs 5Paisa so that you get a 360-degree view about which broker to go ahead with.
EZ Wealth Vs 5Paisa Comparison
Here is a point by point comparison of EZ Wealth Vs 5Paisa. 5Paisa is a discount broker launched by India Infoline (IIFL) in 2015 and allows a trader to trade across segments including Equity, Currency, Insurance and Mutual Funds.
EZ Wealth is a New Delhi based discount stock broker coming from the house of Wealth Discovery Securities Private limited. The broker offers low brokerage at ₹11 and in fact offers multiple brokerage plans depending on user’s preference. Furthermore, the broker also provides free research and tips to its clients.
Everything about discount brokers such as EZ Wealth or 5Paisa is internet-based, be it – customer service, trading, account opening etc.
Choosing between the two brokers depends on your preferences, your online appetite, your understanding of the stock market, your long and short-term plans of investing or trading and so on.
To make things easy for you, we have listed out the comparison between EZ Wealth Vs 5Paisa to help you find which of the two suits your needs better. The comparison is made on 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 trading 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 stockbroking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
EZ Wealth Vs 5Paisa Compare
 |  | |
| EZ Wealth Review | 5Paisa Review | |
| OVERVIEW | ||
| Broker Type | Discount Broker | Discount Broker |
| Incorporated In the Year | 2017 | 2015 |
| Number of branches across India | 1 | 2 |
| Exchanges | BSE, NSE, MCX, NCDEX | BSE, NSE, MCX-SX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹1100 | ₹250 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹400 |
| Transaction Charges | 5Paisa Transaction Charges | |
| BROKERAGE | ||
| Equity Delivery | ₹11 per executed order | ₹10 per executed order |
| Intraday Delivery | ₹11 per executed order | ₹10 per executed order |
| Equity Futures | ₹11 per executed order | ₹10 per executed order |
| Equity Options | ₹11 per executed order | ₹10 per executed order |
| Currency Futures | ₹11 per executed order | ₹10 per executed order |
| Currency Options | ₹11 per executed order | ₹10 per executed order |
| Commodity | ₹11 per executed order | NA |
| Calculate Brokerage | EZ Wealth Brokerage Calculator | 5Paisa Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | 3 to 10 times for Intraday | Upto 15 times for Intraday & Upto 4 times for Delivery |
| Equity Futures | Upto 2.5 Times | Upto 2 times for Intraday |
| Equity Options | NA | Upto 2 times for Intraday |
| Currency Futures | Upto 2.5 Times | Upto 2 times for Intraday |
| Currency Options | NA | Upto 2 times for Intraday |
| Commodities | Upto 2.5 Times | 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) | EZ Desk, EZ WEb, EZ Mobi | 5Paisa Trade Station, 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.
Also, check out some of the other stockbroker comparisons you might be interested in.
Have you in the past or are currently trading with any of the above-mentioned stockbrokers? If yes, would you like to share your experience(s) with EZ Wealth Vs 5Paisa for the benefits of other readers? Please feel free to share your experiences 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.
Summary
Reviewer
A Digital Blogger
Date
Broker Name
EZ Wealth Vs 5Paisa
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