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5Paisa Vs Alice Blue Online: All-Over Comparison In Detail

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5Paisa Vs Alice Blue Online

5Paisa Vs Alice Blue: Relative Comparison

Discount Broker 5Paisa (incorporated in 2016) is a Mumbai based financial institution. Being a part of IIFL (India Infoline Finance Ltd) they charge the lowest brokerage, which is INR.10/- per trade.

However, South India based Alice Blue Financial Service Pvt Ltd is a member of NSE, BSE, MCX_SX from 2017 as a Discount Broker. 

Specification: 

5Paisa:

  1. You can open a paperless account only of you have an aadhaar. 
  2. Provides each kind of insurance as other investment option in tie-up with different insurance companies. 
  3. Provide brokerage free mutual fund option for investors. 
  4. Margin funding:  @18% p.a. interest.
  5. Offers robot enabled online platform for an interactive investing experience. 
  6. Brokerage fee is 10 Rupee (flat).

Alice Blue: 

  1. No Brokerage- Equity Delivery. 
  2. Paperless & fast account opening facility. 
  3. Max INR. 20/- per trade charged across Equity Intraday, Future, Option, Currency, and Commodity. 
  4. DEMAT account AMC is zero.
  5. ANT is a technology-oriented modern platform to trade. 

Assessment: Facilities/Ratings

On the basis of facilities offerings we can compare 5Paisa & Alice Blue as follows:

 Particulars5paisaAlice Blue
Rating: Overall Experience4 out of 54 out of 5
Rating: Brokerage Charge4 out of 54.5 out of 5
Rating: Trading Platform4 out of 54 out of 5
Rating: Investment Offerings4 out of 53 out of 5
Rating: Customer Satisfaction4 out of 54 out of 5
Type of BrokerDiscount BrokerDiscount Broker
Stock Exchanges supportedBSE, NSEBSE, NSE, MCX, MCX-SX, NCDEX
5Paisa Account

Assessment: Account Opening/Maintenance Charges:

We can compare Alice Blue & 5Paisa as here based on Account opening & AMC charges:

Particulars 5paisaAlice Blue
Trading Account Opening Fees650 Rupees (Free Now Promotion Offer)310/- Rupees
AMC: TRADING A/CNO COSTNO COST
Account Opening: DEMATNO COSTNO COST
AMC: DEMAT A/C45 Rupees per month if Trade, else ZeroLifetime Free AMC
Depository ParticipantAPPLICABLEAPPLICABLE

Assessment: Brokerage Plan: 

Both 5Paisa & Alice Blue don’t have any Monthly, Multiple or Yearly plans to offer:

Plans 5paisaAlice Blue
MultipleNOT AVAILABLENOT AVAILABLE
MonthlyNOT AVAILABLENOT AVAILABLE
YearlyNOT AVAILABLENOT AVAILABLE

Assessment: Brokerage Charges: 

Flat fee of 10 Rupees/order is charged by 5Paisa as brokerage. Whereas, Alice Blue charges max INR.20/- per executed order.

Both 5Paisa & Alice Blue don’t have a fixed/ minimum brokerage fee. 

Particulars5paisaAlice Blue
Name of the PlanFlat Fee 10 Rupees Trading PlanMax INR. 20 Trading Plan (F20)
Equity DeliveryFlat Fee 10 RupeesFree
Equity IntradayFlat Fee 10 Rupees0.01% or 20 Rupees whichever is lower
Equity FuturesFlat Fee 10 Rupees0.01% or 20 Rupees whichever is lower
Equity OptionsFlat Fee 10 Rupees0.01% or 20 Rupees whichever is lower
Currency FuturesFlat Fee 10 Rupees0.01% or 20 Rupees whichever is lower
Currency OptionsFlat Fee 10 Rupees0.01% or 20 Rupees whichever is lower
Commodity TradingFlat Fee 10 Rupees0.01% or 20 Rupees whichever is lower
Minimum BrokerageNANA
Hidden ChargesNoNo
FundingYes – 18% interest PAYes – 24% interest PA
Charges for Call & Trade 100 Rupees/ call (No limit of orders)INR. 20 per executed Order
5Paisa Vs Alice Blue

Assessment: Transactional Charges:

Assessing 5Paisa & Alice Blue on the basis of Transactional Charges we have got the below mentioned information: 

Particulars5paisaAlice Blue
Equity:  Delivery325 Rupees/ Cr325 Rupees/ Cr
Equity:  Intraday325 Rupees/ Cr325 Rupees/ Cr
Equity:  Futures190 Rupees/ Cr210 Rupees/ Cr
Equity:  Options5000 Rupees/ Cr5500 Rupees/ Cr
Currency: Futures110 Rupees/ Cr150 Rupees/ Cr
Currency: Options4000 Rupees/ Cr4400 Rupees/ Cr
Commodity ChargesNot AvailableNon-Agri: 360 Rupees/ Cr 
Agri: 275 Rupees/ Cr

Assessment: Account Feature

Comparing 5Paisa and Alice Blue we got the below information:

Particulars5paisaAlice Blue
3 in 1 AccountNOT AVAILABLENOT AVAILABLE
ChartingAVAILABLEAVAILABLE
Algo TradingAVAILABLEAVAILABLE
Alerts via SMSAVAILABLENOT AVAILABLE
Online DemoAVAILABLENOT AVAILABLE
Online PortfolioNOT AVAILABLENOT AVAILABLE
Margin Trading Funding AvailableAVAILABLENOT AVAILABLE
Combined Ledger for Equity and CommodityAVAILABLEAVAILABLE
Intraday Square-off Time3:15 PM3:15 PM
NRI TradingNOT AVAILABLEAVAILABLE

Assessment: Trading Platform:

Comparing 5Paisa and Alice Blue we summed up the information as below:

Particulars5paisaAlice Blue
Desktop Trading Platform5paisaTradeStationANT – Analyse and Trade
Desktop Platform (Windows)AVAILABLEAVAILABLE
Desktop Platform (Mac)NOT AVAILABLENOT AVAILABLE
Web Trading PlatformAVAILABLEAVAILABLE
Web Trading URLhttps://www.5paisa.com/online-trading
Mobile SiteAVAILABLEAVAILABLE
Mobile TradingAVAILABLEAVAILABLE
Mobile Trading Application5paisa Mobile AppANT Mobile
Android Mobile ApplicationAVAILABLEAVAILABLE
iPhone Application (IOS)AVAILABLEAVAILABLE
Android Tablet ApplicationAVAILABLEAVAILABLE
iPad Application (IOS)AVAILABLEAVAILABLE
Software Charges for Trading NO COSTNO COST

Assessment: Investment offer: 

Contrasting the information of 5Paisa & Alice blue on the basis of Investment offering we get the table below:

Particulars5paisaAlice Blue
Equity Cash and F&OAVAILABLEAVAILABLE
Currency DerivativesAVAILABLEAVAILABLE
CommodityAVAILABLEAVAILABLE
Online IPO ApplicationNOT AVAILABLENOT AVAILABLE
Mutual FundsAVAILABLENOT AVAILABLE
Bond / NCDAVAILABLENOT AVAILABLE
ETFAVAILABLEAVAILABLE
BankingNOT AVAILABLENOT AVAILABLE
InsuranceAVAILABLENOT AVAILABLE
ForexNOT AVAILABLENOT AVAILABLE
MF SIP InvestmentAVAILABLENOT AVAILABLE
Equity SIP InvestmentNOT AVAILABLENOT AVAILABLE
PMS ServiceNOT AVAILABLENOT AVAILABLE
5paisa Account Opening

Assessment: DEMAT Account offerings:

Based on the DEMAT Account offering we can assess 5Paisa & Alice blue as below:

 Particulars 5paisaAlice Blue
Source of DPCDSLCDSL
ID of DP8250083500
AMC: DEMAT A/cMonthly Plan – 45 Rupees (In case of any transaction in a month)Zero
Advance DepositZEROZERO
Litigation chargesZERO150 Rupees Stamp Charges
Transaction Per ISIN0.025% or 25 Rupees whichever is higher + CDSL charges15 Rupees per transaction
DEMAT15 Rupees/certificate10 Rupees/certificate + 50 Rupees courier charges
REMAT15 Rupees for every hundred securities or 15 Rupees/ certificate whichever is higher30 Rupees/ certificate + CDSL charges
Pledge Creation50 Rupees20 Rupees + CDSL charges
Pledge Creation ConfirmationNILNil
Pledge ClosureNIL20 Rupees + CDSL charges
Pledge Closure ConfirmationNILNil
Pledge InvocationNIL20 Rupees + CDSL charges
Charges for Failed InstructionZEROZERO

Assessment: Customer Service:   

Comparing 5Paisa Vs Alice blue based on Customer service the below mentioned information is summed up.

Particulars5paisaAlice Blue
Customer Service 24×7NOT AVAILABLENOT AVAILABLE
Email Support AVAILABLENOT AVAILABLE
Online Live Chat NOT AVAILABLEAVAILABLE
Phone Support AVAILABLEAVAILABLE
Toll Free Number NOT AVAILABLENOT AVAILABLE
Through Branches NOT AVAILABLEAVAILABLE
Customer Care Number “+91 89766 89766”080-61575500/22174600
Account Opening optionsOnline/PaperlessOnline/Paperless
Email for Customer Support[email protected][email protected]
Knowledge centre /Education https://www.5paisa.com/knowledge-centrehttps://www.aliceblueonline.com/alice-knowledge-base/
Head Office Address 5paisa headquaters
Sun Infotech Park, Road No.
16V, Plot No.B-23 Thane
Industrial Area, Wagle Estate,
Thane – 400604
Alice Blue,
No. 153/2,
3rd Floor,M.R.B.Arcade,
Bagalur Main Road,
Dwaraka Nagar,
Yelahanka,
Bangalore – 560063
Website https://www.5paisa.com/https://www.aliceblueonline.com

Conclusion: 

In this above article, a comparative picture of 5Paisa vs Alice Blue Online is portrayed. But for an individual investor, it is suggested to study every detail of the broker you are opting for. Apparently, the ratings of a particular investor are good. But it is important to consider whether that broker is a perfect fit for you or not.

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