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5Paisa Vs Nirmal Bang – Comparative Assessment

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5Paisa Vs Nirmal Bang

Both of these organizations are providing best trading services and account facilities. To choose a better option to invest, you should go through a relative study of 5Paisa vs Nirmal Bang.

5Paisa is a discount broker established in 2016 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. 

Conversely, Nirmal Bang (Nirmal Bang Securities Pvt Ltd)  is a full-service broker founded in 1989. 

They offer a wide range of products to satisfy the financial need of the investors. They even publish a fortnightly magazine ‘Beyond Market’ which contains the latest market news, tips, and detailed research reports. 

Notable Features: 

5 Paisa: 

  1. Offers marginal funding @18% p.a. interest. 
  2. Facilitate investment through IPOs, NCDs, Bonds & ETF investment. 
  3. Highclass technological platform facilitates trading using desktop, laptop & mobile. 
  4. Flat fee-based brokerage charge. 
  5. Absence of brokerage plan. 
  6. Higher call & trade charge. 

Nirmal Bang: 

  1. The marginal facility is available in association with NBFCs. 
  2. Almost all investment options are available.
  3. Don’t charge a minimum brokerage. 
  4. Don’t have any brokerage plan. 
5Paisa Vs Nirmal Bang

Comparison Service Rating: 

Comparing 5Paisa & Nirmal Bang based on service review we get this below-mentioned details: Here we can see clearly that 5 Paisa has a better rating than Nirmal Bang.

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 Particulars5paisaNirmal Bang
Overall Rating★★★★★★★
Brokerage Charges★★★★★★★
Trading Platform★★★★★★★
Investments Offering★★★★★★★
Customer Service★★★★★★★
Broker Type Discount BrokerFull-Service Broker
Exchanges Supported BSE, NSEBSE, NSE, MCX, NCDEX

5Paisa Vs Nirmal Bang AOC & AMC: 

Here we have compared 5Paisa & Nirmal Bang based on account opening charge & AMC. Nirmal Bang doesn’t have any trading /DEMAT account opening charges. 

On the other hand, 5Paisa has a free DEMAT account opening and free trading account maintenance charge. 

Particulars5paisaNirmal Bang
Trading Account Opening Fees650 Rupees (Free Now Promotion Offer)Free of cost
Trading AMCFree of costFree of cost
Demat Account Opening FeesFree of costFree of cost
Demat AMC45 Rupees PM if Trade, else Zero200 Rupees PA
Provide DP Service

Relative Study on Brokerage Plan: 

Considering the brokerage plan of 5 Paisa & Nirmal Bang here has compared them below. Both the broker doesn’t offer any brokerage plan to investors. 

Particulars5paisa BrokerageNirmal Bang Brokerage
Multiple Plans
Monthly Plans
Yearly Plans

5Paisa Vs Nirmal Bang Brokerage Charge: 

Assessing the brokerage charge we here have compared 5Paisa & Nirmal Bang as below. 

Here we can see 5Paisa has a flat fee-based trading plan & Nirmal Bang has a percentage-based trading plan. 

Both the broker doesn’t charge a minimum brokerage. 

Particulars5paisaNirmal Bang
Plan NameFlat Fee INR.20 Trading PlanBasic Trading Plan (Percentage Based)
Equity DeliveryFlat Fee INR.200.2% or 20 paisa
Equity IntradayFlat Fee INR.200.02% or 2 paisa
Equity FuturesFlat Fee INR.200.02% or 2 paisa
Equity OptionsFlat Fee INR.20INR.100 Per Lot
Currency FuturesFlat Fee INR.200.02% or 2 paisa
Currency OptionsFlat Fee INR.20INR.20 Per Lot
Commodity TradingFlat Fee INR.200.02% or 2 paisa
Minimum BrokerageNANIL
Hidden ChargesNoInfo Not Available
FundingYes – 18% interest PAInfo Not Available
Call & Trade ChargesINR.100 per call(No limit of orders)Info Not Available

Compare Transaction Charge 

Both 5Paisa & Nirmal Bang charges similar transaction fee structures to their customer. The details comparison is given below: 

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Particulars5paisaNirmal Bang
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

Comparision on Account Feature:

Based on account feature offering we here have compared 5 Paisa & Nirmal Bang as below. It includes algo trading, SMS alerts, online demo, online portfolio, etc.

Particulars5paisaNirmal Bang
3 in 1 Account facility
Charting facility
Algo Trading facility
SMS Alerts service
Online Demo service
Online Portfolio facility
Margin Trading Funding Available
Combined Ledger for Equity and
Commodity service
Intraday Square-off Time service3:15 PM3:15 PM
NRI Trading facility
Other FeaturesNILNIL

Relative Study on Trading Terminal: 

Receiving a safe & secure trading terminal is a basic right of every investor nowadays. Hence, comparing 5Paisa & Nirmal Bang based on their trading terminal offering we get the below details:

Particulars5paisaNirmal Bang
Desktop Trading Platform5paisaTradeStationODIN Diet
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detailhttps://www.5paisa.com/online-tradinghttps://nbtrade.nirmalbang.net/netnetlite/
Mobile Site
Mobile Trading
Mobile Trading App5paisa Mobile AppBeyond
Android Mobile App
iPhone Mobile App (IOS)
Android Tablet App
iPad App (IOS)
Trading Software ChargesFreeInfo Not Available

Comparative Assessment on Investment Offering: 

In terms of investment offers, we can compare 5 Paisa& Nirmal Bang as below. We can see from the below table that 5Paisa offers more variety compared to Nirmal Bang. 

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Particulars5paisaNirmal Bang
Equity Cash and F&O
Currency Deravitives
Commodity facility
Online IPO Application facility
Mutual Funds facility
Bond / NCD facility
ETF facility
Banking facility
Insurance facility
Forex facility
MF SIP Investment service
Equity SIP Investment service
PMS Service
Other Investment OptionsNILNIL

5Paisa Vs Nirmal Bang Margin/Exposure 

Considering the leverage/ exposure we can contrast 5Paisa & Nirmal Bang as below. It is also very important to maintain a decent trading revenue.

Particulars5paisa MarginNirmal Bang Margin
Equity Delivery Margin Maximum 3.5x through Margin Funding system.Info Not Available
Equity Intraday Margin Maximum 10x or 10% subject to Var and ELM.Maximum 10x or 10% subject to Var 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 Var and ELM, no further leverage charges are included for Cover Order.Maximum 10x or 10% subject to Var and ELM, no further leverage charges are included for Cover Order.
Futures CO Margin 1x or the particular SPAN + Exposure margin, No further Margin 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.

Customer Care Support 

In terms of customer support we here have compared 5 Paisa & Nirmal Bang as below. It includes phone support, toll free umber, account opening process, customer support email, etc.

Particulars5paisaNirmal Bang
24/7 Customer Service 
Email Support 
Onine Live Chat 
Phone Support 
Toll Free Number 
Through Branches 
Customer Care Number “+91 89766 89766”Info Not Available
Account Opening Process Online/PaperlessInfo Not Available
Customer Support Email [email protected]Info Not Available
Knowledge Center/Education https://www.5paisa.com/knowledge-centreInfo Not Available
Head Office Address 5paisa headquarters
Sun Infotech Park, Road No.
16V, Plot No.B-23 Thane
Industrial Area, Wagle Estate,
Thane – 400604
Info Not Available
Website https://www.5paisa.com/Info Not Available
open nirmal bang demat account

Compare DEMAT Account Features:

Assessing 5Paisa & Nirmal Bang based on DEMAT account feature we get the below information. It is the primary step, before you invesat in any company.

 Particulars5paisaNirmal Bang
DP SourceCDSLCDSL
DP ID 82500No
DEMAT Account Annual Maintenance Charges(AMC)Monthly Plan – INR.45 (In case of any transaction in a month)INR.200 pa or INR.1000 for lifetime AMC
Advance DepositNILNIL
Statutory chargesNilNil
Transaction Charges on Debit (Per ISIN)0.025% or INR.25 whichever is higher + CDSL charges0.03% of the transaction value (Min INR.15)
DEMATINR.15 per certificateINR.40 per demat requets + INR.40 for additional 50 certificate
REMATINR.15 for every hundred securities or INR.15 per certificate whichever is higher0.04% of the value or INR.15 per certificate (whichever is higher)
Pledge CreationINR.500.02% of the transaction value (Min INR.100)
Pledge Creation ConfirmationNILNil
Pledge ClosureNIL0.02% of the transaction value (Min INR.100)
Pledge Closure ConfirmationNILNil
Pledge InvocationNIL0.02% of the transaction value (Min INR.100)
Failed Instruction ChargesNilNil
Other ChargesNilNil
open 5 paisa demat account

Conclusion: 

Both 5 Paisa & Nirmal Bang are enough eminent in their respective segments. They both offer different services and products to their customers. Likewise, they are technically advanced to motivate today’s generation to involve in investing. 

But apart from having various benefits, both organizations have some shortcomings also. So, every trader should be aware of that before taking the investing decision.

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