5Paisa Vs Kotak Securities
Both of these are two famous trading organizations. They are providing all kind of trading products and features to their consumers. To choose one of them, a trader need to go through the clear comparison of 5Paisa vs Kotak Securities.
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.
On the other side, Kotak Securities is also a full-service broker organization. Listed under BSE, NSE, MCX-SX, MCX & NCDEX, it is also a premier brand in the stockbroking industry. Incorporated in 1994 it has a global presence with 1329 branches in 360 cities with millions of customers.
5 Highlighting points:
5Paisa:
- It offers marginal funding based on @18% p.a. interest.
- Provides investment through IPOs, NCDs, and Bonds.
- The high-class high-tech platform facilitates trading using desktop, laptop & mobile.
- Flat fee-based brokerage charge.
- Absence of brokerage plan.
Kotak Securities:
- 3-in-1 account facility available.
- Don’t have a commodity trading facility.
- The dedicated research platform covers 166 stocks.
- NRI & Marginal trading available,
- A minimum brokerage charge is applicable.
Comparison on Services:
Here we have compared 5Paisa & Kotak Securities based on services offered. In terms of brokerage charge & customer service 5Paisa is leading the show. All the other aspect both the broker are similar.
| Particulars | Kotak Securities | 5paisa |
| Overall Rating | ★★★★ | ★★★★ |
| Brokerage Charges | ★★★ | ★★★★ |
| Trading Platform | ★★★★ | ★★★★ |
| Investments Offering | ★★★★ | ★★★★ |
| Customer Service | ★★★ | ★★★★ |
| Broker Type | Full-Service Broker | Discount Broker |
| Exchanges Supported | BSE, NSE, MCX-SX, MCX, NCDEX | BSE, NSE |
Comparison on AMC & AOC:
DEMAT account opening fee & trading AMC are provided for free in both 5Paisa & Kotak Securities. Here we compared both the brokers for comparison between AOF & AMC.
| Particulars | Kotak Securities | 5paisa |
| Trading Account Opening Fees | INR.750 | INR.650 (Free Now Promotion Offer) |
| Trading AMC | Free | Free |
| DEMAT Account Opening Fees | Free | Free |
| DEMAT AMC | INR.600 PA | INR.45 PM if Trade, else Zero |
| Provide DP Service | ✔ | ✔ |
Comparison on Brokerage Plan:
Assessing 5Paisa & Kotak Securities based on brokerage plan we get the below-mentioned information. Here we can see from the below table that both the broker doesn’t offer any brokerage plan.
| Plan Types | Kotak Securities Brokerage | 5paisa Brokerage |
| Multiple Plans | 🞬 | 🞬 |
| Monthly Plans | 🞬 | 🞬 |
| Yearly Plans | 🞬 | 🞬 |
Comparison on Brokerage Charge:
Comparing 5Paisa & Kotak Securities based on brokerage fee we derived the below-mentioned information. Kotak Securities offers a percentage-based brokerage plan. But 5Paisa offers a flat fee-based brokerage plan. Kotak Securities charges minimum brokerage @INR.21/-per order whereas 5Paisa doesn’t have any minimum brokerage fee.
| Particulars | Kotak Securities | 5paisa |
| Plan Name | Fixed Brokerage Trading Plan (Percentage Based) | Flat Fee 20 Rupees Trading Plan |
| Equity Delivery | 0.49% or 0.49 Rupees | Flat Fee 20 Rupees |
| Equity Intraday | 0.049% or 0.05 Rupees | Flat Fee 20 Rupees |
| Equity Futures | 0.049% or 0.05 Rupees | Flat Fee 20 Rupees |
| Equity Options | 300 Rupees Per Lot | Flat Fee 20 Rupees |
| Currency Futures | 0.02% or 10 Rupees per lot whichever is higher | Flat Fee 20 Rupees |
| Currency Options | 10 Rupees Per Lot | Flat Fee 20 Rupees |
| Commodity Trading | NA | Flat Fee 20 Rupees |
| Minimum Brokerage | 21 Rupees per executed order | NA |
| Hidden Charges | No | No |
| Funding | Yes – 18% interest PA | Yes – 18% interest PA |
| Call & Trade Charges | 20 calls Free and after that 20 Rupees per call | 100 Rupees per call(No limit of orders) |
Comparison on Administrative Charge:
Considering 5Paisa & Kotak Securities based on the administrative charge we get the below details. We can see from the below table that transactional charge of Kotak Securities & 5Paisa is similar in terms of the product segments.
| Particulars | Kotak Securities | 5paisa |
| Equity Delivery Charges | 325 Rupees Per Cr | 325 Rupees Per Cr |
| Equity Intraday Charges | 325 Rupees Per Cr | 325 Rupees Per Cr |
| Equity Futures Charges | 190 Rupees Per Cr | 190 Rupees Per Cr |
| Equity Options Charges | 5000 Rupees Per Cr | 5000 Rupees Per Cr |
| Currency Futures Charges | 110 Rupees Per Cr | 110 Rupees Per Cr |
| Currency Options Charges | 4000 Rupees Per Cr | 4000 Rupees Per Cr |
| Commodity Charges | NA | NA |
Comparison on Account Feature:
Based on account feature offering we here have compared 5Paisa & Kotak Securities as below.
| Particulars | Kotak Securities | 5paisa |
| 3 in 1 Account facility | ✔ | 🞬 |
| Charting facility | ✔ | ✔ |
| Algo Trading facility | 🞬 | ✔ |
| SMS Alerts service | ✔ | ✔ |
| Online Demo facility | ✔ | ✔ |
| Online Portfolio service | ✔ | 🞬 |
| Margin Trading Funding Available | 🞬 | ✔ |
| Combined Ledger for Equity and Commodity | 🞬 | ✔ |
| Intraday Square-off Time facility | 3:15 PM | 3:15 PM |
| NRI Trading facility | ✔ | 🞬 |
| Other Features | Trading software terminal: Keat Pro X | NIL |
Comparison on Trading Terminal:
Assessing the trading terminal offering we here compared 5Paisa & Kotak Securities below.
| Particulars | Kotak Securities | 5paisa |
| Desktop Trading Platform | KEAT Pro X | 5paisaTradeStation |
| Desktop Platform (Windows) | ✔ | ✔ |
| Desktop Platform (Mac) | 🞬 | 🞬 |
| Web Trading Platform | ✔ | ✔ |
| Web Trading Detail | https://www.kotaksecurities.com/itrade/user/welcome.exe?action=chk_seckey_stat | https://www.5paisa.com/online-trading |
| Mobile Site | 🞬 | ✔ |
| Mobile Trading | ✔ | ✔ |
| Mobile Trading App | Kotak Stock Trader | 5paisa Mobile App |
| Android Mobile App | ✔ | ✔ |
| iPhone Mobile App (IOS) | ✔ | ✔ |
| Android Tablet App | ✔ | ✔ |
| iPad App (IOS) | ✔ | ✔ |
| Trading Software Charges | Yes, DirectTrade – INR. 2999 PA | Free |
Comparison on Product:
Here we compared 5Paisa & Kotak Securities based on their product offering.
| Particulars | Kotak Securities | 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 |
Comparison on Leverage:
Considering the Exposure/Margin we here have compared 5Paisa & Kotak Securities as below.
| Particulars | Kotak Securities Margin | 5paisa Margin |
| Equity Delivery Margin | Maximum 5x via Margin Funding system. | Maximum 3.5x via Margin Funding method. |
| 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 further leverage charges are included for Cover Order. | Maximum 10x or 10% subject to Variable and ELM, No further leverage charges are included for Cover Order. |
| Futures CO Margin | 1x or the particular SPAN + Exposure margin, No further leverage charges are included for Futures Cover Order. | 1x or the particular SPAN + Exposure margin, No further 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 further 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 further 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. |
Comparison on Customer Care:
Getting assistance for trading is the basic need of any service organization. 5Paisa & Kotak Securities here have been compared based on their customer support paths to rescue their investors.
| Particulars | Kotak Securities | 5paisa |
| 24/7 Customer Service | 🞬 | 🞬 |
| Email Support | ✔ | ✔ |
| Online Live Chat | ✔ | 🞬 |
| Phone Support | ✔ | ✔ |
| Toll-Free Number | ✔ | 🞬 |
| Through Branches | ✔ | 🞬 |
| Customer Care Number | 18002099191 / 18002099292 | “+91 89766 89766” |
| Account Opening Process | Offline | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] |
| Knowledge Centre /Education | kotaksecurities.com/ksweb/faqs/Equity/equity-market-faqs | 5paisa.com/knowledge-centre |
| Head Office Address | 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051 | 5paisa headquarters Sun Infotech Park, Road No. 16V, Plot No.B-23 Thane Industrial Area, Wagle Estate, Thane – 400604 |
| Website | kotaksecurities.com | 5paisa.com |
Comparison on DEMAT Account Offering:
Considering the DEMAT account feature offering here we contrasted 5Paisa & Kotak Securities in the below table.
| Particulars | Kotak Securities | 5paisa |
| DP Source | CDSL | CDSL |
| DP ID | 49200 | 82500 |
| DEMAT Account Annual Maintenance Charges(AMC) | Monthly Plan – INR.65 (Up to 10 Transaction), INR.50 (between 11 to 30 transaction), INR.35 (above 30 transactions) | Monthly Plan – INR.45 (In case of any transaction in a month) |
| Advance Deposit | NA | NIL |
| Statutory charges | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.04% (Min INR.27) + CDSL charges | 0.025% or INR.25 whichever is higher + CDSL charges |
| DEMAT | INR.3 per certificate + INR.50 courier charges | INR.15 per certificate |
| REMAT | INR.10 for every hundred securities (Min INR.15) | INR.15 for every hundred securities or INR.15 per certificate whichever is higher |
| Pledge Creation | 0.05% of the transaction value (Min INR.30) | INR.50 |
| Pledge Creation Confirmation | 0.05% of the transaction value (Min INR.30) | NIL |
| Pledge Closure | 0.05% of the transaction value (Min INR.30) | NIL |
| Pledge Closure Confirmation | 0.05% of the transaction value (Min INR.30) | NIL |
| Pledge Invocation | 0.05% of the transaction value (Min INR.30) | NIL |
| Failed Instruction Charges | Nil | Nil |
| Other Charges | Nil | Nil |
Conclusion:
5Paisa & Kotak Securities both are large & renowned brands in the Indian Share /Stock-broking industry. Both have different rewards and both have some obstructions. But an individual investor should choose wisely which broker will be best fitted for his needs.
