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.
Stockquantum was founded by Dharmendra Mukati in 2018. I am a Trader and Investor in the last 10 years.
I am writing here about stock broker review, broker comparison, IPO investment, Crypto currencies, technical analysis, fundamental analysis, sub brokership, mutual fund, personal finance, and our experiences.