5Paisa Vs ICICI Direct
These are two broking companies of share market. They provide all kind of products and trading features to their consumers. A detailed comparison of 5Paisa vs ICICI Direct is here to guide the traders.
5Paisa is a discount broker based on Mumbai established in 2016. It is a part of the IIFL group. It charges lower brokerage charges as flat INR.20/-. Also, it offers all the facilities as a discount broker to win the title of 2nd largest discount broker of India.
Highlighting Points :
5Paisa:
- Provides investment through IPOs, NCDs, Bonds & ETF.
- It offers marginal funding based on @18% p.a. interest.
- Highclass high-tech platform facilitates trading using desktop, laptop & mobile.
- Absence of brokerage plan.
- Flat fee-based brokerage charge.
- Higher call & trade charge.
ICICI Direct:
- E –Broking is available here
- So many investment offers and options are available like- Derivatives trading, NRI trading, Mutual funds, SIP, IPO, Insurance, etc.
- Share Trading available on both National Stock Exchange & Bombay Stock Exchange.
- Provides 24X7 customer support.
- It provides a relationshop manager who is helpful for the traders.
Relative comparison on of Services Offered:
Here we have compared ICICI Direct & 5Paisa based on their service offering:
| Particulars | ICICI Direct | 5paisa |
| Overall Rating | ★★★★ | ★★★★ |
| Brokerage Charges | ★★ | ★★★★ |
| Trading Platform | ★★★★ | ★★★★ |
| Investments Offering | ★★★★★ | ★★★★ |
| Customer Service | ★★★★ | ★★★★ |
| Broker Type | Full-Service Broker | Discount Broker |
| Exchanges Supported | BSE, NSE | BSE, NSE |
Relative comparison on of AOC & AMC:
Considering AOC & AMC we have compared 5Paisa & ICICI direct here below: We can see in the below table that ICICI Direct offers free account opening (trading & DEMAT) & free AMC on the trading account. Whereas 5Paisa only offers free DEMAT account opening & trading AMC.
| Particulars | ICICI Direct | 5paisa |
| Trading Account Opening Fees | Free | INR.650 |
| Trading AMC | Free | Free |
| Demat Account Opening Fees | Free | Free |
| Demat AMC | INR.600 PA (Waived for 1st year) | INR.45 PM if Trade, else Zero |
| Provide DP Service | ☑ | ☑ |
Compare on of Brokerage Plan:
5Paisa doesn’t offers any brokerage plan option to its customers. But ICICI Direct offers multiple type brokerage plan options to its customers. Based on the brokerage plan we have compared both the brokers as below:
| Particulars /Plan Types | ICICI Direct Brokerage | 5paisa Brokerage |
| Multiple Plans | ☑ | ☒ |
| Monthly Plans | ☒ | ☒ |
| Yearly Plans | ☒ | ☒ |
5Paisa Vs ICICI Direct on of Brokerage Charge:
ICICI Direct offers a percentage-based brokerage charge whereas, 5Paisa offers flat fee-based brokerage charges to their customer. ICICI Direct has a minimum brokerage charge of INR.35/- per trade. But no brokerage charge is present in 5Paisa. Based on the brokerage charge information we have compared both the brokers as below:
| Particulars | ICICI Direct | 5paisa |
| Plan Name | I-Secure Trading Plan (Percentage Based) | Flat Fee INR.20 Trading Plan |
| Equity Delivery | 0.55% or 55 paisa | Flat Fee INR.20 |
| Equity Intraday | 0.03% or 3 paisa | Flat Fee INR.20 |
| Equity Futures | 0.05% or 5 paisa | Flat Fee INR.20 |
| Equity Options | INR.95 Per Lot | Flat Fee INR.20 |
| Currency Futures | 0.05% or 5 paisa | Flat Fee INR.20 |
| Currency Options | INR.25 Per Lot | Flat Fee INR.20 |
| Commodity Trading | NA | Flat Fee INR.20 |
| Minimum Brokerage | INR.35 per trade | NA |
| Hidden Charges | Yes | No |
| Funding | Yes – 18% interest PA | Yes – 18% interest PA |
| Call & Trade Charges | First 20 calls free and INR.25 there onwards. | INR.100 per call (No limit of orders) |
Relative comparison on of Transactional Charge:
Both 5Paisa & ICICI Direct offer the same transaction charge structure (product wise) to their investors. Considering that the details are mentioned below:
| Particulars | ICICI Direct | 5paisa |
| Equity Delivery | INR.325 Per Cr | INR. 325 Per Cr |
| Equity Intraday | INR.325 Per Cr | INR.325 Per Cr |
| Equity Futures | INR.190 Per Cr | INR.190 Per Cr |
| Equity Options | INR.5000 Per Cr | INR.5000 Per Cr |
| Currency Futures | INR.100 Per Cr | INR.110 Per Cr |
| Currency Options | INR.4000 Per Cr | INR.4000 Per Cr |
| Commodity | NA | NA |
Relative comparison on of Account Feature:
Assessing 5Paisa & ICICI Direct based on account feature we get the below illustration:
| Particulars | ICICI Direct | 5paisa |
| 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 | NIL |
Relative comparison on of Trading Terminal:
Nowadays everyone prefers working on modern technology. So, 5Paisa & ICICI Direct offers the below to their fellow investors:
| Particulars | ICICI Direct | 5paisa |
| Desktop Trading Platform | Trade Racer | 5paisaTradeStation |
| Desktop Platform (Windows) | ☑ | ☑ |
| Desktop Platform (Mac) | ☑ | ☒ |
| Web Trading Platform | ☑ | ☑ |
| Web Trading Details | https://www.icicidirect.com | https://www.5paisa.com/online-trading |
| Mobile Site | ☑ | ☑ |
| Mobile Trading | ☑ | ☑ |
| Mobile Trading App | ICICI direct Mobile | 5paisa Mobile App |
| Android Mobile App | ☑ | ☑ |
| iPhone Mobile App (IOS) | ☑ | ☑ |
| Android Tablet App | ☑ | ☑ |
| iPad App (IOS) | ☑ | ☑ |
| Trading Software Charges | Free | Free |
Relative comparison on of Product Offering:
Regarding product offering, we can compare ICICI Direct & 5Paisa as below:
| Particulars | ICICI Direct | 5paisa |
| Equity Cash and F&O | ☑ | ☑ |
| Currency Derivatives | ☑ | ☑ |
| Commodity | ☒ | ☑ |
| Online IPO Application | ☑ | ☒ |
| Mutual Funds | ☑ | ☑ |
| Bond / NCD | ☑ | ☑ |
| ETF | ☑ | ☑ |
| Banking | ☑ | ☒ |
| Insurance | ☑ | ☑ |
| Forex | ☒ | ☒ |
| MF SIP Investment | ☑ | ☑ |
| Equity SIP Investment | ☑ | ☒ |
| PMS Service | ☑ | ☒ |
| Other Investment Options | NIL | NIL |
5Paisa Vs ICICI Direct on of Margin/Leverage:
Considering the leverage/margin we have compared 5Paisa & ICICI Direct as below:
| Particulars | ICICI Direct Margin | 5paisa Margin |
| Equity Delivery Margin | No Delivery margin. | Maximum 3.5x via Margin Funding. |
| Equity Intraday Margin | Maximum 10x or 10% subject to Variable and ELM. | Maximum 10x or 10% subject to Variable and ELM. |
| Futures Margin | 1x or the particular SPAN + Leverage. | 1x or the particular SPAN + Leverage. |
| Options Margin | 1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share. | 1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share. |
| Equity CO Margin | Maximum 10x or 10% subject to Variable and ELM, no additional leverage charges are included for Cover Order. | Maximum 10x or 10% subject to Variable and ELM, no additional leverage charges are included for Cover Order. |
| Futures CO Margin | 1x or the particular SPAN + Exposure margin, no additional leverage charges are included for Futures Cover Order. | 1x or the particular SPAN + Exposure margin, no additional leverage 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 additional leverage charges are included for Options Cover Order. | 1x or the particular SPAN + Exposure margin (Selling a share) or Premium Margin (Buying a share), no additional leverage charges are included for Options Cover Order. |
| Commodity Margin | 1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share. | 1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share. |
Relative comparison on of Customer Support:
5Paisa & ICICI Direct both are famed for their excellent customer assistance. Here we summed up the assessment regarding the same:
| Particulars | ICICI Direct | 5paisa |
| 24/7 Customer Service | ☒ | ☒ |
| Email Support | ☑ | ☑ |
| Online Live Chat | ☒ | ☒ |
| Phone Support | ☑ | ☑ |
| Toll-Free Number | ☒ | ☒ |
| Through Branches | ☑ | ☒ |
| Customer Care Number | 33551122 | “+91 89766 89766” |
| Account Opening Process | Offline | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] |
| Knowledge Centre/Education | http://content.icicidirect.com/indexfaq.asp | https://www.5paisa.com/knowledge-centre |
| Head Office Address | ICICI Centre, H.T. Parekh Marg, Churchgate, Mumbai – 400020 | 5paisa headquarters Sun Infotech Park, Road No. 16V, Plot No.B-23 Thane Industrial Area, Wagle Estate, Thane – 400604 |
| Website | https://www.icicidirect.com | https://www.5paisa.com/ |
Relative comparison on DEMAT Account Feature:
Based on DEMAT A/c benefaction we can assess 5Paisa & ICICI Direct as hereunder:
| Particulars | ICICI Direct | 5Paisa |
| DP Source | CDSL | CDSL |
| DP ID | 14300 | 82500 |
| DEMAT Account Annual Maintenance Charges(AMC) | INR.700 pa | Monthly Plan – INR.45 (In case of any transaction in a month) |
| Advance Deposit | INR. 7500/-, If the client is not having ICICI BANK Account | NIL |
| Statutory charges | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.04% (Min INR.30 and Max INR.25,000) + INR.5.50 (CDSL Charges) | 0.025% or INR.25 whichever is higher + CDSL charges |
| DEMAT | INR.50 per set up | INR.15 per certificate |
| REMAT | INR.25 for 100 securities up to a max fee of INR. 3 lakh, MF Reconversion INR.25 per transaction | INR.15 for every hundred securities or INR.15 per certificate whichever is higher |
| Pledge Creation | 0.02% (Min INR.35 and Max INR.25,000) | INR.50 |
| Pledge Creation Confirmation | 0.02% (Min INR.35 and Max INR.25,000) | NIL |
| Pledge Closure | 0.02% (Min INR.35 and Max INR.25,000) | NIL |
| Pledge Closure Confirmation | 0.02% (Min INR.35 and Max INR.25,000) | NIL |
| Pledge Invocation | 0.02% (Min INR.35 and Max INR.25,000) | NIL |
| Failed Instruction Charges | INR.30 per transaction | Nil |
| Other Charges | Nil | Nil |
Conclusion:
In the above article, we portrayed a comparative picture of 5Paisa vs ICICI Direct based on the service offered, charges, feasibility, and customer support system. But this picture can differ for individual specific investor needs. So, it’s important not to go by the reviews & ratings, but by the plan details & fee structure.
