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5Paisa Vs ICICI Direct – Analytical Assessment

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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: 

  1. Provides investment through IPOs, NCDs, Bonds & ETF. 
  2. It offers marginal funding based on  @18% p.a. interest. 
  3. Highclass high-tech platform facilitates trading using desktop, laptop & mobile. 
  4. Absence of brokerage plan. 
  5. Flat fee-based brokerage charge.
  6. Higher call & trade charge. 

ICICI Direct:

  1. E –Broking  is available here
  2. So many investment offers and options are available like- Derivatives trading, NRI trading, Mutual funds, SIP, IPO, Insurance, etc. 
  3. Share Trading available on both National Stock Exchange & Bombay Stock Exchange.
  4. Provides 24X7 customer support.
  5. It provides a relationshop manager who is helpful for the traders. 
5Paisa Vs ICICI Direct

Relative comparison on of Services Offered: 

Here we have compared ICICI Direct & 5Paisa based on their service offering:

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 ParticularsICICI Direct5paisa
Overall Rating★★★★★★★★
Brokerage Charges★★★★★★
Trading Platform★★★★★★★★
Investments Offering★★★★★★★★★
Customer Service★★★★★★★★
Broker Type Full-Service BrokerDiscount Broker
Exchanges Supported BSE, NSEBSE, 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. 

ParticularsICICI Direct5paisa
Trading Account Opening FeesFreeINR.650 
Trading AMCFreeFree
Demat Account Opening FeesFreeFree
Demat AMCINR.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 TypesICICI Direct Brokerage5paisa 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: 

ParticularsICICI Direct5paisa
Plan NameI-Secure Trading Plan (Percentage Based)Flat Fee INR.20 Trading Plan
Equity Delivery0.55% or 55 paisaFlat Fee INR.20
Equity Intraday0.03% or 3 paisaFlat Fee INR.20
Equity Futures0.05% or 5 paisaFlat Fee INR.20
Equity OptionsINR.95 Per LotFlat Fee INR.20
Currency Futures0.05% or 5 paisaFlat Fee INR.20
Currency OptionsINR.25 Per LotFlat Fee INR.20
Commodity TradingNAFlat Fee INR.20
Minimum BrokerageINR.35 per tradeNA
Hidden ChargesYesNo
FundingYes – 18% interest PAYes – 18% interest PA
Call & Trade ChargesFirst 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: 

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ParticularsICICI Direct5paisa
Equity DeliveryINR.325 Per CrINR. 325 Per Cr
Equity IntradayINR.325 Per CrINR.325 Per Cr
Equity FuturesINR.190 Per CrINR.190 Per Cr
Equity OptionsINR.5000 Per CrINR.5000 Per Cr
Currency FuturesINR.100 Per CrINR.110 Per Cr
Currency OptionsINR.4000 Per CrINR.4000 Per Cr
CommodityNANA

Relative comparison on of Account Feature: 

Assessing 5Paisa & ICICI Direct based on account feature we get the below illustration: 

ParticularsICICI Direct5paisa
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 FeaturesNILNIL

Relative comparison on of Trading Terminal: 

Nowadays everyone prefers working on modern technology. So, 5Paisa & ICICI Direct offers the below to their fellow investors:

ParticularsICICI Direct5paisa
Desktop Trading PlatformTrade Racer5paisaTradeStation
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detailshttps://www.icicidirect.comhttps://www.5paisa.com/online-trading
Mobile Site
Mobile Trading
Mobile Trading AppICICI direct Mobile5paisa Mobile App
Android Mobile App
iPhone Mobile App (IOS)
Android Tablet App
iPad App (IOS)
Trading Software ChargesFreeFree

Relative comparison on of Product Offering:

Regarding product offering, we can compare ICICI Direct & 5Paisa as below:

ParticularsICICI Direct5paisa
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 OptionsNILNIL

5Paisa Vs ICICI Direct on of Margin/Leverage:

Considering the leverage/margin we have compared 5Paisa & ICICI Direct as below: 

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ParticularsICICI Direct Margin5paisa 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 Direct5paisa
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 OfflineOnline/Paperless
Customer Support Email [email protected][email protected]
Knowledge Centre/Education http://content.icicidirect.com/indexfaq.asphttps://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.comhttps://www.5paisa.com/
open ICICI Direct demat account

Relative comparison on DEMAT Account Feature: 

Based on DEMAT A/c benefaction we can assess 5Paisa & ICICI Direct as hereunder:

 ParticularsICICI Direct5Paisa
DP SourceCDSLCDSL
DP ID 1430082500
DEMAT Account Annual Maintenance Charges(AMC)INR.700 paMonthly Plan – INR.45 (In case of any transaction in a month)
Advance DepositINR. 7500/-, If the client is not having ICICI BANK AccountNIL
Statutory chargesNilNil
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
DEMATINR.50 per set upINR.15 per certificate
REMATINR.25 for 100 securities up to a max fee of INR. 3 lakh, MF Reconversion INR.25 per transactionINR.15 for every hundred securities or INR.15 per certificate whichever is higher
Pledge Creation0.02% (Min INR.35 and Max INR.25,000)INR.50
Pledge Creation Confirmation0.02% (Min INR.35 and Max INR.25,000)NIL
Pledge Closure0.02% (Min INR.35 and Max INR.25,000)NIL
Pledge Closure Confirmation0.02% (Min INR.35 and Max INR.25,000)NIL
Pledge Invocation0.02% (Min INR.35 and Max INR.25,000)NIL
Failed Instruction ChargesINR.30 per transactionNil
Other ChargesNilNil
5paisa demat account

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.

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