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5Paisa Vs Geojit Comparison – Which is Better?

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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:

  1. The company has listed itself under BSE & NSE. 
  2. A minimum brokerage charge is there in this company. 

5Paisa: 

  1. In collaboration with different insurance companies offers different insurance to the customer as an investment option. 
  2. All Mutual fund investments are available for free of cost. 
  3. Margin funding facility @18% p.a. interest.
  4. The robotic advisory platform for the investor for a customized experience. 
  5. Flat INR. 10/- brokerage for currency derivatives, Future, option & Equity cash. 
5Paisa Vs Geojit

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.

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Particulars Geojit5paisa
Overall Rating★★★★★★★★
Rating on Brokerage Charges★★★★★★★
Rating on Trading Platform★★★★★★★★★
Rating on Investments Offering★★★★★★★★
Rating on Customer Service★★★★★★★★
Broker Type Full-Service BrokerDiscount Broker
Exchanges Supported BSE, NSE, MCX-SXBSE, 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. 

ParticularsGeojit5paisa
Trading Account Opening FeesFree of cost650 Rupees (Free Now Promotion Offer)
Trading AMCFree of costFree of cost
Demat Account Opening FeesFree of costFree of cost
Demat AMC400 Rupees PA45 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.

ParticularsGeojit Brokerage5paisa 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.  

ParticularsGeojit5paisa
Plan NameOnline Trading Plan (Percentage Based)Flat Fee 20 Rupees Trading Plan
Equity Delivery0.3% or 30 paisaFlat Fee 20 Rupees
Equity Intraday0.03% or 3 paisaFlat Fee 20 Rupees
Equity Futures0.03% or 3 paisaFlat Fee 20 Rupees
Equity Options75 Rupees Per LotFlat Fee 20 Rupees
Currency Futures15 Rupees Per LotFlat Fee 20 Rupees
Currency Options15 Rupees Per LotFlat Fee 20 Rupees
Commodity Trading0.05% or 5 paisaFlat Fee 20 Rupees
Minimum Brokerage1p per share or 20 Rupees/contract whichever is higherNA
Hidden ChargesInfo Not AvailableNo
FundingYes – 20% interest PAYes – 18% interest PA
Call & Trade ChargesFree of cost100 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. 

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ParticularsGeojit5paisa
Equity Delivery325 Rupees Per Cr325 Rupees Per Cr
Equity Intraday325 Rupees Per Cr325 Rupees Per Cr
Equity Futures190 Rupees Per Cr190 Rupees Per Cr
Equity Options5000 Rupees Per Cr5000 Rupees Per Cr
Currency Futures110 Rupees Per Cr110 Rupees Per Cr
Currency Options4000 Rupees Per Cr4000 Rupees Per Cr
CommodityNon-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. 

ParticularsGeojit5paisa
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 facility3:15 PM3:15 PM
NRI Trading facility🗹
Other FeaturesNILNIL

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. 

ParticularsGeojit5paisa
Desktop Trading PlatformSELFIE Platinum5paisaTradeStation
Desktop Platform (Windows)🗹🗹
Desktop Platform (Mac)
Web Trading Platform🗹🗹
Web Trading Detailhttps://selfie.geojit.net/https://www.5paisa.com/online-trading
Mobile Site🗹🗹
Mobile Trading🗹🗹
Mobile Trading AppSELFIE Geojit5paisa Mobile App
Android Mobile App🗹🗹
iPhone Mobile App (IOS)🗹
Android Tablet App🗹🗹
iPad App (IOS)🗹
Trading Software ChargesFreeFree

Comparison on Product Offering: 

In terms of product offering, we here have compared Geojit & 5Paisa as below. 

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ParticularsGeojit5paisa
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 OptionsInsuranceNIL

5Paisa Vs Geojit Margin: 

Assessing the leverage we can compare Geojit & 5Paisa as below: 

ParticularsGeojit5paisa
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:

ParticularsGeojit5paisa
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 OfflineOnline/Paperless
Customer Support Email [email protected][email protected]
Knowledge Centre/Education https://www.geojit.com/equity-products/class-roomhttps://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/
open geojit demat account

Comparison on DEMAT Account Feature: 

Assessing Geojit & 5paisa based on the DEMAT Account feature we get the below information. 

Particulars Geojit5paisa
DP SourceFor Geojit: CDSLFor 5Paisa: CDSL
DP ID For Geojit: 48900For 5Paisa: 82500
DEMAT Account Annual Maintenance Charges(AMC)INR.600 paMonthly Plan – INR.45 (In case of any transaction in a month)
Advance DepositNILNIL
Statutory chargesNilNil
Transaction Charges on Debit (Per ISIN)0.02% of transaction value (Max INR.40) + CDSL charges0.025% or INR.25 whichever is higher + CDSL charges
DEMATINR.100 per demat request max 5 + INR.20 each additional certificateINR.15 per certificate
REMATINR.10 per certificate or INR.10 per certificate whichever is higher + INR.35 courier chargesINR.15 for every hundred securities or INR.15 per certificate whichever is higher
Pledge CreationINR.50 per transactionINR.50
Pledge Creation ConfirmationNilNIL
Pledge ClosureNilNIL
Pledge Closure ConfirmationNilNIL
Pledge InvocationINR.50 per transactionNIL
Failed Instruction ChargesNilNil
Other ChargesNilNil
open 5 paisa demat account

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. 

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