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:
- 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.
- 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.
|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.
|Trading Account Opening Fees||INR.750||INR.650 (Free Now Promotion Offer)|
|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.
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.
|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|
|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.
|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|
Comparison on Account Feature:
Based on account feature offering we here have compared 5Paisa & Kotak Securities as below.
|3 in 1 Account 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.
|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 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.
|Equity Cash and F&O||✔||✔|
|Online IPO Application||✔||🞬|
|Bond / NCD||✔||✔|
|MF SIP Investment||✔||✔|
|Equity SIP Investment||✔||🞬|
|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.
|24/7 Customer Service||🞬||🞬|
|Online Live Chat||✔||🞬|
|Customer Care Number||18002099191 / |
|“+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
Sun Infotech Park, Road No.
16V, Plot No.B-23 Thane
Industrial Area, Wagle Estate,
Thane – 400604
Comparison on DEMAT Account Offering:
Considering the DEMAT account feature offering here we contrasted 5Paisa & Kotak Securities in the below table.
|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)|
|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|
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.