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.
5 Features:
Fyers:
- Trading & DEMAT account AOC & AMC is free.
- Neither there is a hidden cost, nor any subscription charges.
- A referral program is there.
- NRI service is very appraisable.
5Paisa:
- In collaboration with different insurance companies offers different insurance to the customer as an investment option.
- Margin funding facility @18% p.a. interest.
- The robotic advisory platform for the investor for a customized experience.
- Flat INR. 10/- brokerage for currency derivatives, Future, option & Equity cash.
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.
| Particulars | 5paisa | Fyers |
| Overall Rating | ✯✯✯✯ | ✯✯✯✯ |
| Brokerage Charges | ✯✯✯✯ | ✯✯✯ |
| Trading Platform | ✯✯✯✯ | ✯✯✯✯ |
| Investments Offering | ✯✯✯✯ | ✯✯✯✯ |
| Customer Service | ✯✯✯✯ | ✯✯✯✯ |
| Broker Type | Discount Broker | Discount Broker |
| Exchanges Supported | BSE, NSE | NSE, 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.
| Charges | 5paisa | Fyers |
| Trading Account Opening Fees | 650 Rupees (Free Now Promotion Offer) | Free of cost |
| Trading AMC | Free of cost | Free of cost |
| Demat Account Opening Fees | Free of cost | Free of cost |
| Demat AMC | 45 Rupees PM if Trade, else Zero | Free 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 Types | 5paisa 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.
| Particulars | 5paisa | Fyers |
| Plan Name | Flat Fee 20 Rupees Trading Plan | Max 20 Rupees Per Order Trading Plan |
| Equity Delivery Charges | Flat Fee 20 Rupees | Free of cost |
| Equity Intraday Charges | Flat Fee 20 Rupees | 0.01% or 20 Rupees whichever is lower |
| Equity Futures Charges | Flat Fee 20 Rupees | 0.01% or 20 Rupees whichever is lower |
| Equity Options Charges | Flat Fee 20 Rupees | Flat Fee 20 Rupees |
| Currency Futures Charges | Flat Fee 20 Rupees | 0.01% or 20 Rupees whichever is lower |
| Currency Options | Flat Fee 20 Rupees | Flat Fee 20 Rupees |
| Commodity Trading Charges | Flat Fee 20 Rupees | NA |
| Minimum Brokerage | NA | NIL |
| Hidden Charges | No | No |
| Funding Charges | Yes – 18% interest PA | No |
| Call & Trade Charges | 100 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.
| Particulars | 5paisa | Fyers |
| Equity Delivery | 325 Rupees Per Cr | 325 Rupees Per Cr |
| Equity Intraday | 325 Rupees Per Cr | 325 Rupees Per Cr |
| Equity Futures | 190 Rupees Per Cr | 240 Rupees Per Cr |
| Equity Options | 5000 Rupees Per Cr | 5900 Rupees Per Cr |
| Currency Futures | 110 Rupees Per Cr | 175 Rupees Per Cr |
| Currency Options | 4000 Rupees Per Cr | 6500 Rupees Per Cr |
| Commodity | NA | NA |
5Paisa Vs Fyers on Account feature:
In light of the account feature study we can compare 5Paisa & Fyers as below:
| Particulars | 5paisa | Fyers |
| 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 Time | 3:15 PM | 3:15 PM |
| NRI Trading | ✘ | ✘ |
| Other Features | NIL | Free 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.
| Particulars | 5paisa | Fyers |
| Desktop Trading Platform | 5paisaTradeStation | Fyers One |
| Desktop Platform (Windows) | ✔ | ✔ |
| Desktop Platform (Mac) | ✘ | ✘ |
| Web Trading Platform | ✔ | ✔ |
| Web Trading Detail | https://www.5paisa.com/online-trading | http://webtrader.fyers.in/userMaster/login |
| Mobile Site | ✔ | ✘ |
| Mobile Trading | ✔ | ✔ |
| Mobile Trading App | 5paisa Mobile App | Fyers Markets |
| Android Mobile App | ✔ | ✔ |
| iPhone Mobile App (IOS) | ✔ | ✔ |
| Android Tablet App | ✔ | ✔ |
| iPad App (IOS) | ✔ | ✔ |
| Trading Software Charges | Free | Free |
Comparison on Product Offering:
Assessing the product offering we here have compared 5Paisa & Fyers as below.
| Particulars | 5paisa | Fyers |
| 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 Options | NIL | NIL |
Comparison on Margin:
In terms of leverage, we here compared 5Paisa & Fyers as below. It includes so many different charges.
| Particulars | 5paisa Margin | Fyers 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:
| Particulars | 5paisa | Fyers |
| 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/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] |
| Knowledge Center/Education | 5paisa.com/knowledge-centre | fyers.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.com | fyers.in |
Comparison on DEMAT Account Features:
Considering the DEMAT account feature we here compared 5Paisa & Fyers as below. It includes different corners to know.
| Particulars | 5paisa | Fyers |
| DP Source | For 5Paisa: CDSL | For Fyers: CDSL |
| DP ID | For 5Paisa: 82500 | For 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 Deposit | NIL | NIL |
| Statutory charges | Nil | NIL |
| Transaction Charges on Debit (Per ISIN) | 0.025% or 25 Rupees whichever is higher + CDSL charges | Flat 20 Rupees + 5.5 (CDSL charges)[On and Off Market Orders] |
| Demat | 15 Rupees per certificate | 2 per certificate + 35 Rupees courier charges |
| Remat | 15 Rupees for every hundred securities or 15 Rupees per certificate whichever is higher | 25 Rupees |
| Pledge Creation | 50 Rupees | 0.05% of the transaction value subject to a minimum of 50 Rupees and a maximum of 250 Rupees |
| Pledge Creation Confirmation | NIL | 0.05% of the transaction value subject to a minimum of 50 Rupees and a maximum of 250 Rupees |
| Pledge Closure | NIL | 0.05% of the transaction value subject to a minimum of 50 Rupees and a maximum of 250 Rupees |
| Pledge Closure Confirmation | NIL | 0.05% of the transaction value subject to a minimum of 50 Rupees and a maximum of 250 Rupees |
| Pledge Invocation | NIL | 0.02% of the transaction value subject to a minimum of 50 Rupees + depository charges at actually |
| Failed Instruction Charges | Nil | 30 Rupees per transaction |
| Other Charges | Nil | Cheque Bounce- 350 Rupees Physical Statement – 50 Rupees (Courier charges) Modification in CML –50 Rupees per request |
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.
