5Paisa Vs GEOJIT – Compare
Both of 5Paisa and Geojit are famous broking companies of shafre market. To know about them deeply, we need to compare 5Paisa vs Geojit in detail.
5Paisa is a well-known name in the discount broking industry offering one of the lowest brokerage expenses (flat 20 Rupees brokerage fees).
Also, they offer almost all investment products to their investors including all varieties of insurance products.
Full-service broker GEOJIT was established in the year of 1988. It is listed under BSE & NSE and besides, it was also registered with NSDL & CDSL.
Functions:
Geojit:
- The company has listed itself under BSE & NSE.
- A minimum brokerage charge is there in this company.
5Paisa:
- In collaboration with different insurance companies offers different insurance to the customer as an investment option.
- All Mutual fund investments are available for free of cost.
- 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 compared 5Paisa & Geojit based on the review of their services offered. We can see from the below table that in terms of brokerage charge 5Paisa is a step-ahead of Geojit. But Geojit is leading in terms of trading platform offering.
| Particulars | Geojit | 5paisa |
| Overall Rating | ★★★★ | ★★★★ |
| Rating on Brokerage Charges | ★★★ | ★★★★ |
| Rating on Trading Platform | ★★★★★ | ★★★★ |
| Rating on Investments Offering | ★★★★ | ★★★★ |
| Rating on Customer Service | ★★★★ | ★★★★ |
| Broker Type | Full-Service Broker | Discount Broker |
| Exchanges Supported | BSE, NSE, MCX-SX | BSE, NSE |
5Paisa Vs Geojit AMC & AOC:
Comparing Geojit & 5Paisa based on AMC & AOC we get the below details. Geojit offers free trading & DEMAT accounts and free AMC on trading. Whereas, 5Paisa offers DEMAT account for free & trading AMC for free.
| Particulars | Geojit | 5paisa |
| Trading Account Opening Fees | Free of cost | 650 Rupees (Free Now Promotion Offer) |
| Trading AMC | Free of cost | Free of cost |
| Demat Account Opening Fees | Free of cost | Free of cost |
| Demat AMC | 400 Rupees PA | 45 Rupees PM if Trade, else Zero |
| Provide DP Service | 🗹 | 🗹 |
Comparison on Brokerage Plan Option:
Both Geojit & 5Paisa don’t offer any brokerage plan options. Here in the below table, we have discussed them.
| Particulars | Geojit Brokerage | 5paisa Brokerage |
| Multiple Plans | ☒ | ☒ |
| Monthly Plans | ☒ | ☒ |
| Yearly Plans | ☒ | ☒ |
Comparison on Brokerage Charge:
Considering Geojit & 5Paisa based on brokerage charge structure we get the below details. Geojit offers a percentage-based brokerage charge structure whereas 5Paisa offers a flat fee-based brokerage charge plan. Minimum brokerage is present in Geojit but 5Paisa doesn’t have any minimum brokerage.
| Particulars | Geojit | 5paisa |
| Plan Name | Online Trading Plan (Percentage Based) | Flat Fee 20 Rupees Trading Plan |
| Equity Delivery | 0.3% or 30 paisa | Flat Fee 20 Rupees |
| Equity Intraday | 0.03% or 3 paisa | Flat Fee 20 Rupees |
| Equity Futures | 0.03% or 3 paisa | Flat Fee 20 Rupees |
| Equity Options | 75 Rupees Per Lot | Flat Fee 20 Rupees |
| Currency Futures | 15 Rupees Per Lot | Flat Fee 20 Rupees |
| Currency Options | 15 Rupees Per Lot | Flat Fee 20 Rupees |
| Commodity Trading | 0.05% or 5 paisa | Flat Fee 20 Rupees |
| Minimum Brokerage | 1p per share or 20 Rupees/contract whichever is higher | NA |
| Hidden Charges | Info Not Available | No |
| Funding | Yes – 20% interest PA | Yes – 18% interest PA |
| Call & Trade Charges | Free of cost | 100 Rupees per call(No limit of orders) |
Compare Transaction Charge:
Contrasting the transaction charge structure we here have compared Geojit & 5Paisa as below. We can see from the below table that both the broker charges the same transaction charge (apart from the commodity trading segment) to their investors.
| Particulars | Geojit | 5paisa |
| 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 | 190 Rupees Per Cr |
| Equity Options | 5000 Rupees Per Cr | 5000 Rupees Per Cr |
| Currency Futures | 110 Rupees Per Cr | 110 Rupees Per Cr |
| Currency Options | 4000 Rupees Per Cr | 4000 Rupees Per Cr |
| Commodity | Non-Agri: 260 Rupees Per Cr Agri: 175 Rupees Per Cr | NA |
Comparison on Account Feature:
In terms of account feature offering, we have compared Geojit & 5Paisa as below.
| Particulars | Geojit | 5paisa |
| 3 in 1 Account facility | ☒ | ☒ |
| Charting facility | 🗹 | 🗹 |
| Algo Trading facility | ☒ | 🗹 |
| SMS Alerts service | 🗹 | 🗹 |
| Online Demo facility | 🗹 | 🗹 |
| Online Portfolio facility | 🗹 | ☒ |
| Margin Trading Funding Available | 🗹 | 🗹 |
| Combined Ledger for Equity and Commodity service | 🗹 | 🗹 |
| Intraday Square-off Time facility | 3:15 PM | 3:15 PM |
| NRI Trading facility | 🗹 | ☒ |
| Other Features | NIL | NIL |
5Paisa Vs Geojit Trading Terminal:
Regarding trading terminal offering we have compared Geojit & 5Paisa as below. Both the broker offers various trading terminal to trade using a desktop, laptop, android smartphone, iPhone, Ipad, Tablet, etc.
| Particulars | Geojit | 5paisa |
| Desktop Trading Platform | SELFIE Platinum | 5paisaTradeStation |
| Desktop Platform (Windows) | 🗹 | 🗹 |
| Desktop Platform (Mac) | ☒ | ☒ |
| Web Trading Platform | 🗹 | 🗹 |
| Web Trading Detail | https://selfie.geojit.net/ | https://www.5paisa.com/online-trading |
| Mobile Site | 🗹 | 🗹 |
| Mobile Trading | 🗹 | 🗹 |
| Mobile Trading App | SELFIE Geojit | 5paisa Mobile App |
| Android Mobile App | 🗹 | 🗹 |
| iPhone Mobile App (IOS) | ☒ | 🗹 |
| Android Tablet App | 🗹 | 🗹 |
| iPad App (IOS) | ☒ | 🗹 |
| Trading Software Charges | Free | Free |
Comparison on Product Offering:
In terms of product offering, we here have compared Geojit & 5Paisa as below.
| Particulars | Geojit | 5paisa |
| Equity Cash and F&O facility | 🗹 | 🗹 |
| Currency Deravitives | 🗹 | 🗹 |
| Commodity service | 🗹 | 🗹 |
| Online IPO Application service | ☒ | ☒ |
| Mutual Funds facility | 🗹 | 🗹 |
| Bond / NCD facility | 🗹 | 🗹 |
| ETF facility | 🗹 | 🗹 |
| Banking facility | ☒ | ☒ |
| Insurance facility | 🗹 | 🗹 |
| Forex service | ☒ | ☒ |
| MF SIP Investment facility | 🗹 | 🗹 |
| Equity SIP Investment facility | 🗹 | ☒ |
| PMS Service | 🗹 | ☒ |
| Other Investment Options | Insurance | NIL |
5Paisa Vs Geojit Margin:
Assessing the leverage we can compare Geojit & 5Paisa as below:
| Particulars | Geojit | 5paisa |
| Equity Delivery Margin | Maximum 2x leverage for equity delivery – via Margin Funding system. | Maximum 3.5x via Margin Funding 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 included for Cover Order. | Maximum 10x or 10% subject to Var and ELM, no further margin charges are included for Cover Order. |
| Futures CO Margin | 1x or the particular SPAN + Exposure margin, no further margin charges are included for Futures Cover Order. | 1x or the particular SPAN + Exposure margin, no further margin charges are included 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 included 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 included 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 support is the basic need of any investor. In terms of customer assistance we here have compared Geojit & 5Paisa as below:
| Particulars | Geojit | 5paisa |
| 24/7 Customer Service | ☒ | ☒ |
| Email Support | 🗹 | 🗹 |
| Online Live Chat | ☒ | ☒ |
| Phone Support | 🗹 | 🗹 |
| Toll-Free Number | 🗹 | ☒ |
| Through Branches | 🗹 | ☒ |
| Customer Care Number | 1800-425-5501 / 1800-103-5501 / 91-484-2405822 | +91 89766 89766 |
| Account Opening Process | Offline | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] |
| Knowledge Centre/Education | https://www.geojit.com/equity-products/class-room | https://www.5paisa.com/knowledge-centre |
| Head Office Address | Geojit Financial Services Ltd. 34/659-P, Civil Line Road Padivattom, Kochi 682024 | 5paisa headquarter Sun Infotech Park, Road No. 16V, Plot No.B-23 Thane Industrial Area, Wagle Estate, Thane – 400604 |
| Website | https://www.geojit.com/ | https://www.5paisa.com/ |
Comparison on DEMAT Account Feature:
Assessing Geojit & 5paisa based on the DEMAT Account feature we get the below information.
| Particulars | Geojit | 5paisa |
| DP Source | For Geojit: CDSL | For 5Paisa: CDSL |
| DP ID | For Geojit: 48900 | For 5Paisa: 82500 |
| DEMAT Account Annual Maintenance Charges(AMC) | INR.600 pa | Monthly Plan – INR.45 (In case of any transaction in a month) |
| Advance Deposit | NIL | NIL |
| Statutory charges | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.02% of transaction value (Max INR.40) + CDSL charges | 0.025% or INR.25 whichever is higher + CDSL charges |
| DEMAT | INR.100 per demat request max 5 + INR.20 each additional certificate | INR.15 per certificate |
| REMAT | INR.10 per certificate or INR.10 per certificate whichever is higher + INR.35 courier charges | INR.15 for every hundred securities or INR.15 per certificate whichever is higher |
| Pledge Creation | INR.50 per transaction | INR.50 |
| Pledge Creation Confirmation | Nil | NIL |
| Pledge Closure | Nil | NIL |
| Pledge Closure Confirmation | Nil | NIL |
| Pledge Invocation | INR.50 per transaction | NIL |
| Failed Instruction Charges | Nil | Nil |
| Other Charges | Nil | Nil |
Conclusion:
In the above study, we have tried to compare 5Paisa vs Geojit based on charges, product offerings, service quality, etc. But the individual result may vary upon the specified requirement of clients/investors. So, it is advised not to consider the ratings but to consider the detailed information before choosing the right broker.
