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5paisa vs Zerodha, 5paisa vs Zerodha Charges, Zerodha vs 5paisa
As the Indian stock market grows, more people become interested in investing in stocks.
With an increase in investors comes an increase in stockbrokers across India; the most popular stockbrokers are 5paisa and Zerodha.
In this article of 5paisa vs Zerodha, we’ll compare these two brokerages based on various parameters to help you decide which is best suited for your investments.
The parameters I decided to compare Zerodha vs 5paisa are:
- 5paisa vs Zerodha: Brokerage Plans
- 5paisa vs Zerodha: Plan Types
- 5paisa vs Zerodha: Customer Service
- 5paisa vs Zerodha: Maintenance Fees and AMC
- 5paisa vs Zerodha: Trading Platforms
- 5paisa vs Zerodha: Mobile App
- 5paisa vs Zerodha: Margin/Leverage/Exposure
- 5paisa vs Zerodha: Demat Account Opening Process
- 5paisa vs Zerodha: Investment Options, Features, and Benefits
Let’s discuss them one by one:
5paisa vs Zerodha: Brokerage Plans
Brokerage plans are an essential factor to consider when selecting a stockbroker. Both 5paisa and Zerodha offer various brokerage plans.
5paisa
- The flat fee brokerage plan is the most popular among investors. Under this plan, 5paisa charges a flat fee of Rs. 20 per trade regardless of trade value.
- Alternatively, customers can opt for a percentage-based brokerage that pays an agreed percentage on top of each trade value.
Zerodha
- Zerodha also offers a flat fee brokerage plan, charging Rs. 20 per trade regardless of the trade value.
- Alternatively, they provide percentage-based brokerage plans, in which customers pay an agreed percentage based on their trade value.
🎉Winner ➤ Both stockbrokers offer similar brokerage plans, so it’s a tie.
5paisa vs Zerodha: Plan Types
Plan types are essential as they cater to different investors. Let us look at the plan types offered by 5paisa and Zerodha.
5paisa
- The flat fee brokerage plan is the most popular among investors. Under this plan, 5paisa charges a flat fee of Rs. 20 per trade regardless of trade value.
- Alternatively, customers can opt for a percentage-based brokerage that pays an agreed percentage on top of each trade value.
Zerodha
- Zerodha only offers one type of plan – a discount brokerage plan.
- Under this plan, they charge a flat fee of Rs. 20 per trade and don’t impose any monthly fees.
🎉Winner ➤ 5paisa wins out due to its more plan types and tailored solutions for different investors.
5paisa vs Zerodha: Customer Service
Customer service should be an integral factor when selecting a stockbroker. Let’s compare the customer service provided by 5paisa and Zerodha.
5paisa
- 5paisa boasts an experienced customer service team that can be reached via phone, email, or chat.
- They boast an expansive knowledge base covering nearly all aspects of investing.
Zerodha
- Zerodha’s experienced customer service team can be contacted via phone, email, or chat.
- They also feature a community forum where users can ask questions and receive answers from other customers.
🎉Winner ➤ It’s a tie as both companies offer superior customer care.
5paisa vs Zerodha: Maintenance Fees and AMC
Maintenance fees and AMC are important factors to consider when calculating your returns. Let’s compare the maintenance fees and AMC of both 5paisa and Zerodha.
5paisa
- 5paisa charges an annual maintenance fee of Rs. 45 for the demat account.
- There is no AMC for the trading account.
Zerodha
- Zerodha also charges an annual maintenance fee of Rs. 300 for the demat account.
- There is no AMC for the trading account.
🎉Winner ➤ 5paisa wins as it charges a lower maintenance fee.
5paisa vs Zerodha: Trading Platforms
Trading platforms are essential in helping you execute trades.
Let us now compare the trading platforms of 5paisa and Zerodha.
5paisa
- 5paisa offers a mobile app, a website, and a desktop application for trading.
- The mobile app is user-friendly and easy to use. It offers features like real-time market data, customizable watchlist, and technical analysis tools.
- The website is also user-friendly and easy to navigate. It offers features like live streaming of quotes, advanced charting, and alerts.
- The desktop application is available for both Windows and Mac users. It offers features like advanced charting, multiple market watch, and live streaming of quotes.
Zerodha
- Zerodha also offers a mobile app, a website, and a desktop application for trading.
- The mobile app is user-friendly and easy to use. It offers features like real-time market data, customizable watchlist, and technical analysis tools.
- The website is also user-friendly and easy to navigate. It offers features like live streaming of quotes, advanced charting, and alerts.
- The desktop application is available for both Windows and Mac users. It offers features like advanced charting, multiple market watch, and live streaming of quotes.
🎉Winner ➤ It’s a tie, as 5paisa and Zerodha provide similar trading platforms.
5paisa vs Zerodha: Mobile App
As investors, mobile apps are becoming increasingly important. Let’s compare the mobile apps of 5paisa and Zerodha to see which one offers the best experience.
5paisa
- The 5paisa mobile app is user-friendly and intuitive to use. It provides real-time market data, a customizable watchlist, and technical analysis tools.
- 5paisa supports voice trading, mutual fund investments, and insurance investments.
Zerodha
- Zerodha’s mobile app is user-friendly and easy to use; it provides features like real-time market data, a customizable watchlist, and technical analysis tools.
- Zerodha offers features like mutual fund investments, SIP investments, and options trading.
🎉Winner ➤ Both stockbrokers offer similar mobile app features, so it’s a tie.
5paisa vs Zerodha: Margin/Leverage/Exposure
Margin, leverage, and exposure are important factors to consider while trading. Let’s compare the margin, leverage, and exposure provided by both 5paisa and Zerodha.
5paisa
- 5paisa offers up to 20x leverage on intraday trading and up to 4x leverage on delivery trading.
- It provides exposure for equity intraday, equity futures, currency futures, and options.
Zerodha
- Zerodha offers up to 20x leverage on intraday trading and up to 3x leverage on delivery trading.
- It provides exposure for equity intraday, equity futures, commodity futures, currency futures, and options.
🎉Winner ➤ It is a tie as both 5paisa and Zerodha offer similar margin, leverage, and exposure.
5paisa vs Zerodha: Demat Account Opening Process
The demat account opening process is an essential factor to take into account when selecting a stockbroker. Let us compare the demat account opening processes of 5paisa and Zerodha.
5paisa
- 5paisa offers an entirely online account opening process.
- It takes less than 10 minutes to open a demat account with 5paisa and offers paperless account opening through Aadhaar-based e-KYC.
Zerodha
- Zerodha also offers an entirely online account opening process, taking less than 15 minutes to open a demat account.
- Plus, they use Aadhaar-based e-KYC for paperless account opening as well.
🎉Winner ➤ 5paisa wins as it takes less time to open a demat account.
5paisa vs Zerodha: Investment Options, Features, and Benefits
When selecting a stockbroker, it is important to consider the investment options, features, and benefits provided. Let us compare 5paisa’s offering versus Zerodha’s for comparison.
5paisa
- 5paisa offers trading and investment options in equity, derivatives, mutual funds, bonds, and insurance.
- It also provides features like a robo-advisor, real-time portfolio tracker, and market research reports.
- It offers benefits like low brokerage, free account opening, and a referral program.
Zerodha
- Zerodha offers trading and investment options in equity, derivatives, mutual funds, bonds, and commodity.
- It also provides features like trading platforms, market research, and investment education.
- It offers benefits like low brokerage, free account opening, and a referral program.
🎉Winner ➤ It is a tie as both 5paisa and Zerodha offer similar investment options, features, and benefits.
5paisa vs Zerodha: Table of Comparison
| Parameter | 5paisa | Zerodha |
|---|---|---|
| Brokerage Plans | Fixed and variable plans | Discount brokerage |
| Plan Types | Flat fee and per trade plans | Flat fee and per trade plans |
| Customer Service | Average | Good |
| Maintenance Fees | No maintenance fees | No maintenance fees |
| AMC | Rs. 45 per month | Rs. 300 per year |
| Trading Platforms | User-friendly mobile app and desktop application | Trading platforms with advanced features |
| Ratings | 3.6/5 on Google Play Store, 3.7/5 on App Store | 4.2/5 on Google Play Store, 4.6/5 on App Store |
| Reviews | Mixed reviews | Mostly positive reviews |
| Mobile App | User-friendly with basic features | Advanced features with a learning curve |
| Margin/Leverage/Exposure | Up to 20x leverage on intraday trading, up to 4x leverage on delivery trading, exposure for equity intraday, equity futures, currency futures, and options | Up to 20x leverage on intraday trading, up to 3x leverage on delivery trading, exposure for equity intraday, equity futures, commodity futures, currency futures, and options |
| Demat Account Opening Process | Completely online and paperless with Aadhaar-based e-KYC, takes less than 10 minutes | Completely online and paperless with Aadhaar-based e-KYC, takes less than 15 minutes |
| Investment Options, Features, and Benefits | Trading and investment options in equity, derivatives, mutual funds, bonds, and insurance, robo-advisor, real-time portfolio tracker, market research reports, low brokerage, free account opening, and referral program | Trading and investment options in equity, derivatives, mutual funds, bonds, and commodity, trading platforms, market research, investment education, low brokerage, free account opening, and referral program |
Frequently Asked Questions (FAQs) about 5paisa vs Zerodha
Key Takeaway
After comparing 5paisa and Zerodha on various parameters, we can conclude that both stockbrokers are excellent options in their own right.
However, when choosing a winner, Zerodha comes out on top due to its higher ratings on Google Play Store and App Store, as well as taking less time to open a demat account.
Furthermore, Zerodha provides more investment options, including commodities, and an expansive presence in India.
However, 5paisa’s user-friendly mobile app and desktop application make 5paisa the better choice here.
However, ultimately it comes down to your preferences and trading requirements when choosing between 5paisa or Zerodha.
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