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:
- Offers free mutual fund suggestions & brokerage.
- Flat brokerage charge of @INR. 20/-.
- Online term insurance is offered as other investment options.
- Paperless account opening enabled only with Aadhaar.
- It offers one of the best-equipped platforms for trading.
- Robot enabled platform for investment advising and trading.
IIFL:
- IIFL offers one of the best trading platforms.
- Paperless account opening facility.
- All three brokerage plans to choose from.
- Hidden charges are there.
- Fund transfer charges are present.
Also Read: IIFL Securities FAQs – Demat & Trading Account Related General Questions & Answers
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.
| Particulars | 5paisa | India Infoline (IIFL) |
| Overall Rating | ✯✯✯✯ | ✯✯✯✯ |
| Rating on Brokerage Charges | ✯✯✯✯ | ✯✯✯ |
| Rating on Trading Platform | ✯✯✯✯ | ✯✯✯✯ |
| Rating on Investments Offering | ✯✯✯✯ | ✯✯✯✯ |
| Rating on Customer Service | ✯✯✯✯ | ✯✯✯ |
| Broker Type | Discount Broker | Full-Service Broker |
| Exchanges Supported | BSE, NSE | NSE, 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.
| Particulars | 5paisa | India Infoline (IIFL) |
| Trading Account Opening Charges | 650 Rupees (Free Now Promotion Offer) | 750 Rupees |
| Trading AMC Charges | Free of cost | Free of cost |
| Demat Account Opening Charges | Free of cost | 555 Rupees |
| Demat AMC Charge | 45 Rupees PM if Trade, else Zero | 300 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.
| Particulars | 5paisa Brokerage | India 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/-.
| Particulars | 5paisa | India Infoline (IIFL) |
| Plan Name | Flat Fee INR.20 Trading Plan | Standard Trading Plan (Percentage Based) |
| Equity Delivery | Flat Fee INR.20 | 0.5% or 50 paisa |
| Equity Intraday | Flat Fee INR.20 | 0.05% or 5 paisa |
| Equity Futures | Flat Fee INR.20 | 0.05% or 5 paisa |
| Equity Options | Flat Fee INR.20 | 1% of Premium or INR.100 per lot whichever is high |
| Currency Futures | Flat Fee INR.20 | 0.05% or 5 paisa |
| Currency Options | Flat Fee INR.20 | 1% of Premium or INR.100 per lot whichever is high |
| Commodity Trading | Flat Fee INR.20 | 0.05% or 5 paisa |
| Minimum Brokerage | NA | Minimum INR.25 |
| Hidden Charges | No | Info Not Available |
| Funding | Yes – 18% interest PA | Yes – 18% interest PA |
| Call & Trade Charges | INR.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.
| Particulars | 5paisa | India Infoline (IIFL) |
| 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.110 Per Cr | INR.110 Per Cr |
| Currency Options | INR.4000 Per Cr | INR.4000 Per Cr |
| Commodity | NA | Non-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.
| Particulars | 5paisa | India 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 services | 3:15 PM | 3:15 PM |
| NRI Trading facility | 🞬 | ✔ |
| Other Features | NIL | NIL |
Comparison on Trading Media:
Considering both 5Paisa & IIFL based on trading media we get the below details.
| Particulars | 5paisa | India Infoline (IIFL) |
| Desktop Trading Platform | 5paisaTradeStation | IIFL Trader terminal |
| Desktop Platform (Windows) | ✔ | ✔ |
| Desktop Platform (Mac) | 🞬 | 🞬 |
| Web Trading Platform | ✔ | ✔ |
| Web Trading Detail | https://www.5paisa.com/online-trading | https://ttweb.indiainfoline.com |
| Mobile Site | ✔ | ✔ |
| Mobile Trading | ✔ | ✔ |
| Mobile Trading App | 5paisa Mobile App | IIFL Markets |
| Android Mobile App | ✔ | ✔ |
| iPhone Mobile App (IOS) | ✔ | ✔ |
| Android Tablet App | ✔ | ✔ |
| iPad App (IOS) | ✔ | ✔ |
| Trading Software Charges | Free | Free |
Comparison on Product Offering:
Assessing both 5Paisa & IIFL based on product offering we derived the below data.
| Particulars | 5paisa | India 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 Options | NIL | NIL |
5Paisa Vs IIFL Leverage/Margin:
Contrasting 5Paisa & IIFL based on leverage /margin we get this below information.
| Particulars | 5paisa Margin | India 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.
| Particulars | 5paisa | India 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/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] |
| Knowledge Center/Education | https://www.5paisa.com/knowledge-centre | https://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/ |
Comparison on DEMAT Account Feature:
In terms of DEMAT account offering we can compare 5paisa & IIFL as below:
| Particulars | 5paisa | India Infoline (IIFL) |
| DP Source | CDSL | CDSL |
| DP ID | 82500 | 44700 |
| Demat Account Annual Maintenance Charges(AMC) | Monthly Plan – INR.45 (In case of any transaction in a month) | INR.400 pa |
| Advance Deposit | NIL | Nil |
| Statutory charges | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.025% or INR.25 whichever is higher + CDSL charges | 0.04% of transaction value (Min INR.25) + INR.5.50 (CDSL Charges) |
| DEMAT | INR.15 per certificate | INR.15 per certificate + INR.40 courier charges |
| REMAT | INR.15 for every hundred securities or INR.15 per certificate whichever is higher | INR.15 for every hundred securities or INR.15 per certificate (whichever is higher) + INR.40 courier charges |
| Pledge Creation | INR.50 | INR.50 |
| Pledge Creation Confirmation | NIL | Nil |
| Pledge Closure | NIL | Nil |
| Pledge Closure Confirmation | NIL | Nil |
| Pledge Invocation | NIL | Nil |
| Failed Instruction Charges | Nil | Nil |
| Other Charges | Nil | Nil |
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.
