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5Paisa Vs IIFL Detailed Comparison – Which is Better?

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5Paisa Vs IIFL

Both of these are famous organizations of share market. Traders are getting all trading related services and products from these companies. To choose one of them, you need to know the comparison of 5Paisa vs IIFL.

5Paisa established in 2016, is a discount broker based on Mumbai, Maharashtra. 

It is a part of IIFL (India Infoline Finance Ltd). They charge low brokerage charges as low as INR.20/-. It has the title of 2nd largest discount broker of India since 2016. 

India Infoline Finance Ltd (IIFL) is a full-service broking house with more than 4000 branches operating all over India. It provides trading in all segments such as equity, derivative, currency, commodity, mutual fund & IPO.

6 Mentionable Specification: 

5Paisa:

  1. Offers free mutual fund suggestions & brokerage. 
  2. Flat brokerage charge of  @INR. 20/-. 
  3. Online term insurance is offered as other investment options.
  4. Paperless account opening enabled only with Aadhaar. 
  5. It offers one of the best-equipped platforms for trading. 
  6. Robot enabled platform for investment advising and trading. 

IIFL:

  1. IIFL offers one of the best trading platforms.
  2. Paperless account opening facility.
  3. All three brokerage plans to choose from.
  4. Hidden charges are there. 
  5. Fund transfer charges are present.
5Paisa Vs IIFL

Also Read: IIFL Securities FAQs – Demat & Trading Account Related General Questions & Answers

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Comparison on Facilities: 

Considering the review of facilities offering we can compare 5Paisa & IIFL as below. Here we can see that in terms of brokerage charge & customer assistance 5Paisa is a step-ahead. Rest other segments are similar for both the brokers. 

 Particulars5paisaIndia Infoline (IIFL)
Overall Rating✯✯✯✯✯✯✯✯
Rating on Brokerage Charges✯✯✯✯✯✯✯
Rating on Trading Platform✯✯✯✯✯✯✯✯
Rating on Investments Offering✯✯✯✯✯✯✯✯
Rating on Customer Service✯✯✯✯✯✯✯
Broker Type Discount BrokerFull-Service Broker
Exchanges Supported BSE, NSENSE, BSE, MCX, NCDEX

Comparison on AMC & AOC: 

In terms of AMC & AOC, we can compare 5Paisa & India Infoline (IIFL) as below. Both brokers provide trading AMC for free. 5Paisa also offers a DEMAT account opening for free. 

Particulars5paisaIndia Infoline (IIFL)
Trading Account Opening Charges650 Rupees (Free Now Promotion Offer)750 Rupees
Trading AMC ChargesFree of costFree of cost
Demat Account Opening ChargesFree of cost555 Rupees
Demat AMC Charge45 Rupees PM if Trade, else Zero300 Rupees PA
Provide DP Service

5Paisa Vs IIFL on Brokerage Plan: 

Considering the brokerage plan we can compare both 5Paisa & IIFL as below. Here we can see from the below table that both the broker doesn’t have any brokerage plan for their customers. 

Particulars5paisa BrokerageIndia Infoline (IIFL) Brokerage
Multiple Plans🞬🞬
Monthly Plans🞬🞬
Yearly Plans🞬🞬

Comparison on Brokerage Charge: 

Regarding the brokerage charge, we can compare 5Paisa & IIFL as below. Here we can see that 5Paisa offers a flat fee-based brokerage charge structure, whereas, IIFL offers a percentage-based brokerage plan. 5Paisa doesn’t charge any minimum brokerage, but IIFL charges minimum brokerage @INR.25/-.

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Particulars5paisaIndia Infoline (IIFL)
Plan NameFlat Fee INR.20 Trading PlanStandard Trading Plan (Percentage Based)
Equity DeliveryFlat Fee INR.200.5% or 50 paisa
Equity IntradayFlat Fee INR.200.05% or 5 paisa
Equity FuturesFlat Fee INR.200.05% or 5 paisa
Equity OptionsFlat Fee INR.201% of Premium or INR.100 per lot whichever is high
Currency FuturesFlat Fee INR.200.05% or 5 paisa
Currency OptionsFlat Fee INR.201% of Premium or INR.100 per lot whichever is high
Commodity TradingFlat Fee INR.200.05% or 5 paisa
Minimum BrokerageNAMinimum INR.25
Hidden ChargesNoInfo Not Available
FundingYes – 18% interest PAYes – 18% interest PA
Call & Trade ChargesINR.100 per call(No limit of orders)INR.50 Per Call + GST

Compare on Administration Charge: 

Here we compared 5Paisa & IIFL based on transaction charges as below. We can say from the below table that both the brokers share a similar fee structure excluding the commodity segment. 

Particulars5paisaIndia Infoline (IIFL)
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.110 Per CrINR.110 Per Cr
Currency OptionsINR.4000 Per CrINR.4000 Per Cr
CommodityNANon-Agri: INR.260 Per Cr 
Agri: INR.175 Per Cr

5Paisa Vs IIFL on Account Feature: 

Comparing 5Paisa & IIFL based on various account feature we get the below information. 

Particulars5paisaIndia Infoline (IIFL)
3 in 1 Account facility🞬🞬
Charting facility
Algo Trading services🞬
SMS Alerts services
Online Demo services
Online Portfolio services🞬
Margin Trading Funding Available
Combined Ledger for Equity and Commodity services
Intraday Square-off Time services3:15 PM3:15 PM
NRI Trading facility🞬
Other FeaturesNILNIL

Comparison on Trading Media:

Considering both 5Paisa & IIFL based on trading media we get the below details. 

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Particulars5paisaIndia Infoline (IIFL)
Desktop Trading Platform5paisaTradeStationIIFL Trader terminal
Desktop Platform (Windows)
Desktop Platform (Mac)🞬🞬
Web Trading Platform
Web Trading Detailhttps://www.5paisa.com/online-tradinghttps://ttweb.indiainfoline.com
Mobile Site
Mobile Trading
Mobile Trading App5paisa Mobile AppIIFL Markets
Android Mobile App
iPhone Mobile App (IOS)
Android Tablet App
iPad App (IOS)
Trading Software ChargesFreeFree

Comparison on Product Offering: 

Assessing both 5Paisa & IIFL based on product offering we derived the below data. 

Particulars5paisaIndia Infoline (IIFL)
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 IIFL Leverage/Margin: 

Contrasting 5Paisa & IIFL based on leverage /margin we get this below information. 

Particulars5paisa MarginIndia Infoline (IIFL) Margin
Equity Delivery Margin Maximum 3.5x via Margin Funding system.No Delivery margin.
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 + Margin.1x or the particular SPAN + Margin.
Options Margin 1x or the particular SPAN + Exposure in Sell and Premium Margin in Buy.1x or the particular SPAN + Exposure in Sell and Premium Margin in Buy.
Equity CO Margin Maximum 10x or 10% subject to Variable and ELM, no further margin charges are included for Cover Order.Maximum 10x or 10% subject to Variable 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 + Exposure in Selling a share and Premium Margin in Buying a share.1x or the particular SPAN + Exposure in Sell and Premium Margin in Buy.

Comparison on Customer Support:

Customer support is a mandatory service that every broker ensures. Quality customer service attracts many customers to invest their money. Comparing 5Paisa & IIFL based on customer support service we get this below information. 

Particulars5paisaIndia Infoline (IIFL)
24/7 Customer Service 🞬🞬
Email Support 
Online Live Chat 🞬🞬
Phone Support 
Toll-Free Number 🞬🞬
Through Branches 🞬
Customer Care Number “+91 89766 89766”022-40071000
Account Opening Process Online/PaperlessOnline/Paperless
Customer Support Email [email protected][email protected]
Knowledge Center/Education https://www.5paisa.com/knowledge-centrehttps://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx
Head Office Address 5paisa headquarters
Sun Infotech Park, Road No.
16V, Plot No.B-23 Thane
Industrial Area, Wagle Estate,
Thane – 400604
IIFL House, Sun Infotech Park,
Road No. 16V, Plot No. B-23,
MIDC, Thane Industrial Area,
Wagle Estate, Thane-MH-400604
Website https://www.5paisa.com/https://www.indiainfoline.com/
open iifl demat account

Comparison on DEMAT Account Feature: 

In terms of DEMAT account offering we can compare 5paisa & IIFL as below: 

 Particulars5paisaIndia Infoline (IIFL)
DP SourceCDSLCDSL
DP ID 8250044700
Demat Account Annual Maintenance Charges(AMC)Monthly Plan – INR.45 (In case of any transaction in a month)INR.400 pa
Advance DepositNILNil
Statutory chargesNilNil
Transaction Charges on Debit (Per ISIN)0.025% or INR.25 whichever is higher + CDSL charges0.04% of transaction value (Min INR.25) + INR.5.50 (CDSL Charges)
DEMATINR.15 per certificateINR.15 per certificate + INR.40 courier charges
REMATINR.15 for every hundred securities or INR.15 per certificate whichever is higherINR.15 for every hundred securities or INR.15 per certificate (whichever is higher) + INR.40 courier charges
Pledge CreationINR.50INR.50
Pledge Creation ConfirmationNILNil
Pledge ClosureNILNil
Pledge Closure ConfirmationNILNil
Pledge InvocationNILNil
Failed Instruction ChargesNilNil
Other ChargesNilNil
5paisa demat account

Foot Note:

Finally, we can see in the above article, that a portrait of a comparative picture of 5Paisa vs IIFL has been prepared. Based on the service offered, charges, feasibility, and customer support system this comparison has been made. 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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