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5Paisa Vs Fyers Comparison – Which is Better?

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5Paisa Vs FYERS – Compare

5Paisa and Fyers are two renowed organizations of the share market. They are providing trading related services and offerings to the traders. A detailed comparison can lead you to the better choice.

5Paisa is a renowned discount broker which started its journey in 2016 from Mumbai. 

It is famous for its product offering and low brokerage charge. The brokerage is as low as INR.20/- only. Apart from there, they offer several  kinds of free benefits also. 

On the other hand, Fyers is also a discount broker introduced itself in 2015. They are also famed for charging lower brokerage charge. Trading & Demat Account AMC & AOC all are free in Fyers.

5Paisa Vs Fyers

5 Features: 

Fyers:

  1. Trading & DEMAT account AOC & AMC is free. 
  2. Neither there is a hidden cost, nor any subscription charges.
  3. A referral program is there. 
  4. NRI service is very appraisable. 

5Paisa: 

  1. In collaboration with different insurance companies offers different insurance to the customer as an investment option. 
  2. Margin funding facility @18% p.a. interest.
  3. The robotic advisory platform for the investor for a customized experience. 
  4. Flat INR. 10/- brokerage for currency derivatives, Future, option & Equity cash. 
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Comparison on Services Offered: 

Here we have compared 5Paisa & Fyers in terms of their service on all segments. This review is processed from the various information available on the different public platform. Here we can see both the brokers are nearly similar in terms of their rating stars only excluding the fact that 5Paisa is better than Fyers in terms of brokerage charge.

 Particulars5paisaFyers
Overall Rating✯✯✯✯✯✯✯✯
Brokerage Charges✯✯✯✯✯✯✯
Trading Platform✯✯✯✯✯✯✯✯
Investments Offering✯✯✯✯✯✯✯✯
Customer Service✯✯✯✯✯✯✯✯
Broker Type Discount BrokerDiscount Broker
Exchanges Supported BSE, NSENSE, BSE, MCX

5Paisa Vs Fyers on AMC & AOC: 

Comparing 5Paisa & Fyers based on AMC & AOC we get the below details. Here we can see that Fyers don’t charge for opening & AMC of trading and DEMAT. Whereas 5paisa offers free trading AMC & DEMAT account opening. 

Charges5paisaFyers
Trading Account Opening Fees650 Rupees (Free Now Promotion Offer)Free of cost
Trading AMCFree of costFree of cost
Demat Account Opening FeesFree of costFree of cost
Demat AMC45 Rupees PM if Trade, else ZeroFree of cost
Provide DP Service

Compare on Brokerage Plan: 

Both 5Paisa & Fyers don’t offer any brokerage plan for their customer. In this below-mentioned table we have compared both the brokers in terms of brokerage plans: 

Plan Types5paisa Brokerage Fyers Brokerage
Multiple Plans
Monthly Plans
Yearly Plans

Comparison on Brokerage charge: 

Comparing both 5paisa & Fyers based on brokerage charge we get the below details. Both the broker here offers a flat fee-based trading plan. Also, they don’t charge a minimum brokerage charge either. 

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Particulars5paisaFyers
Plan NameFlat Fee 20 Rupees Trading PlanMax 20 Rupees Per Order Trading Plan
Equity Delivery ChargesFlat Fee 20 RupeesFree of cost
Equity Intraday ChargesFlat Fee 20 Rupees0.01% or 20 Rupees whichever is lower
Equity Futures ChargesFlat Fee 20 Rupees0.01% or 20 Rupees whichever is lower
Equity Options ChargesFlat Fee 20 RupeesFlat Fee 20 Rupees
Currency Futures ChargesFlat Fee 20 Rupees0.01% or 20 Rupees whichever is lower
Currency OptionsFlat Fee 20 RupeesFlat Fee 20 Rupees
Commodity Trading ChargesFlat Fee 20 RupeesNA
Minimum BrokerageNANIL
Hidden ChargesNoNo
Funding ChargesYes – 18% interest PANo
Call & Trade Charges100 Rupees per call(No limit of orders)20 Rupees Per Order

Comparison on Transaction Charges: 

Comparing 5Paisa & Fyers based on transaction charge we get the below details. We can see from the below table that Fyers charges more transaction charge than 5Paisa. 

Particulars5paisaFyers
Equity Delivery325 Rupees Per Cr325 Rupees Per Cr
Equity Intraday325 Rupees Per Cr325 Rupees Per Cr
Equity Futures190 Rupees Per Cr240 Rupees Per Cr
Equity Options5000 Rupees Per Cr5900 Rupees Per Cr
Currency Futures110 Rupees Per Cr175 Rupees Per Cr
Currency Options4000 Rupees Per Cr6500 Rupees Per Cr
CommodityNANA

5Paisa Vs Fyers on Account feature: 

In light of the account feature study we can compare 5Paisa & Fyers as below: 

Particulars5paisaFyers
3 in 1 Account
Charting
Algo Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Intraday Square-off Time3:15 PM3:15 PM
NRI Trading
Other FeaturesNILFree Call & trade

5Paisa Vs Fyers on Trading Terminal: 

Comparing 5Paisa & Fyers based on trading terminal we get this methodical analysis. We can see from the comparison that both the brokers are well equipped with various technical facilities for the betterment of their customers. 

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Particulars5paisaFyers
Desktop Trading Platform5paisaTradeStationFyers One
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detailhttps://www.5paisa.com/online-tradinghttp://webtrader.fyers.in/userMaster/login
Mobile Site
Mobile Trading
Mobile Trading App5paisa Mobile AppFyers Markets
Android Mobile App
iPhone Mobile App (IOS)
Android Tablet App
iPad App (IOS)
Trading Software ChargesFreeFree

Comparison on Product Offering: 

Assessing the product offering we here have compared 5Paisa & Fyers as below. 

Particulars5paisaFyers
Equity Cash and F&O facility
Currency Derivatives
Commodity service
Online IPO Application
Mutual Funds facility
Bond / NCD service
ETF facility
Banking facility
Insurance facility
Forex service
MF SIP Investment facility
Equity SIP Investment facility
PMS Service
Other Investment OptionsNILNIL

Comparison on Margin:

In terms of leverage, we here compared 5Paisa & Fyers as below. It includes so many different charges.

Particulars5paisa MarginFyers Margin
Equity Delivery Margin Maximum 3.5x via Margin Funding system.No margin/ leverage for equity delivery method.
Equity Intraday Margin Maximum 10x or 10% subject to Var and ELM.Maximum 10x or 10% subject to Var and ELM.
Futures Margin 1x or the particular SPAN + Margin.1x or the particular SPAN + Margin.
Options Margin 1x or the particular SPAN + Margin in Selling a share and Premium Margin in Buying a share.1x or the particular SPAN + Margin in Selling a share and Premium Margin in Buying a share.
Equity CO Margin Maximum 10x or 10% subject to Var and ELM, no further margin charges are added for Cover Order.Maximum 10x or 10% subject to Var and ELM, no further margin charges are added for Cover Order.
Futures CO Margin 1x or the particular SPAN + Exposure margin, no further margin charges are added for Futures Cover Order.1x or the particular SPAN + Exposure margin, no further margin charges are added for Futures Cover Order.
Options CO Margin 1x or the particular SPAN + Exposure margin (Selling a share) or Premium Margin (Buying a share), no further margin charges are added for Options Cover Order.1x or the particular SPAN + Exposure margin (Selling a share) or Premium Margin (Buying a share), no further margin charges are added for Options Cover Order.
Commodity Margin 1x or the particular SPAN + Margin in Selling a share and Premium Margin in Buying a share.1x or the particular SPAN + Margin in Selling a share and Premium Margin in Buying a share.

Comparison on Customer Assistance: 

Customer assistance is a basic expectation of all investors. Getting a broker who concerns for its customer will be a bliss. Hence comparing 5Paisa & Fyers based on their customer assistance we get this below information:

Particulars5paisaFyers
24/7 Customer Service 
Email Support 
Online Live Chat 
Phone Support 
Toll-Free Number 
Through Branches 
Customer Care Number “+91 89766 89766”080 4625 1111
Account Opening Process Online/PaperlessOnline/Paperless
Customer Support Email [email protected][email protected]
Knowledge Center/Education 5paisa.com/knowledge-centrefyers.in/faqs
Head Office Address 5paisa headquarters
Sun Infotech Park, Road No.
16V, Plot No.B-23 Thane
Industrial Area, Wagle Estate,
Thane – 400604
Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore – 560009
Website 5paisa.comfyers.in
open fyers demat account

Comparison on DEMAT Account Features:  

Considering the DEMAT account feature we here compared 5Paisa & Fyers as below. It includes different corners to know.

 Particulars5paisaFyers
DP SourceFor 5Paisa: CDSLFor Fyers: CDSL
DP ID For 5Paisa: 82500For Fyers: Info Not Available
Demat Account Annual Maintenance Charges(AMC)Monthly Plan – 45 Rupees (In case of any transaction in a month)400 Rupees – Individual, 500 Rupees – Non-Individual
Advance DepositNILNIL
Statutory chargesNilNIL
Transaction Charges on Debit (Per ISIN)0.025% or 25 Rupees whichever is higher + CDSL chargesFlat 20 Rupees + 5.5 (CDSL charges)[On and Off Market Orders]
Demat15 Rupees per certificate2 per certificate + 35 Rupees courier charges
Remat15 Rupees for every hundred securities or 15 Rupees per certificate whichever is higher25 Rupees
Pledge Creation50 Rupees0.05% of the transaction value subject to a minimum of 50 Rupees and a maximum of 250 Rupees
Pledge Creation ConfirmationNIL0.05% of the transaction value subject to a minimum of 50 Rupees and a maximum of 250 Rupees
Pledge ClosureNIL0.05% of the transaction value subject to a minimum of 50 Rupees and a maximum of 250 Rupees
Pledge Closure ConfirmationNIL0.05% of the transaction value subject to a minimum of 50 Rupees and a maximum of 250 Rupees
Pledge InvocationNIL0.02% of the transaction value subject to a minimum of 50 Rupees + depository charges at actually
Failed Instruction ChargesNil30 Rupees per transaction
Other ChargesNilCheque Bounce-  350 Rupees Physical Statement – 50 Rupees (Courier charges) Modification in CML –50 Rupees per request
5Paisa demat account

Conclusion: 

Finally, we can conclude that both 5Paisa and Fyers are a renowned discount broker. We here have compared both the brokers in terms of brokerage charge, product features, trading terminal, services and a transaction charge. Investors should study minutely all the factors before investing their hard-earned money. 

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