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:
- Offers marginal funding @18% p.a. interest.
- Facilitate investment through IPOs, NCDs, Bonds & ETF investment.
- Highclass technological platform facilitates trading using desktop, laptop & mobile.
- Flat fee-based brokerage charge.
- Absence of brokerage plan.
- Higher call & trade charge.
Nirmal Bang:
- The marginal facility is available in association with NBFCs.
- Almost all investment options are available.
- Don’t charge a minimum brokerage.
- Don’t have any brokerage plan.
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.
| Particulars | 5paisa | Nirmal Bang |
| Overall Rating | ★★★★ | ★★★ |
| Brokerage Charges | ★★★★ | ★★★ |
| Trading Platform | ★★★★ | ★★★ |
| Investments Offering | ★★★★ | ★★★ |
| Customer Service | ★★★★ | ★★★ |
| Broker Type | Discount Broker | Full-Service Broker |
| Exchanges Supported | BSE, NSE | BSE, 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.
| Particulars | 5paisa | Nirmal Bang |
| Trading Account Opening Fees | 650 Rupees (Free Now Promotion Offer) | Free of cost |
| Trading AMC | Free of cost | Free of cost |
| Demat Account Opening Fees | Free of cost | Free of cost |
| Demat AMC | 45 Rupees PM if Trade, else Zero | 200 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.
| Particulars | 5paisa Brokerage | Nirmal 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.
| Particulars | 5paisa | Nirmal Bang |
| Plan Name | Flat Fee INR.20 Trading Plan | Basic Trading Plan (Percentage Based) |
| Equity Delivery | Flat Fee INR.20 | 0.2% or 20 paisa |
| Equity Intraday | Flat Fee INR.20 | 0.02% or 2 paisa |
| Equity Futures | Flat Fee INR.20 | 0.02% or 2 paisa |
| Equity Options | Flat Fee INR.20 | INR.100 Per Lot |
| Currency Futures | Flat Fee INR.20 | 0.02% or 2 paisa |
| Currency Options | Flat Fee INR.20 | INR.20 Per Lot |
| Commodity Trading | Flat Fee INR.20 | 0.02% or 2 paisa |
| Minimum Brokerage | NA | NIL |
| Hidden Charges | No | Info Not Available |
| Funding | Yes – 18% interest PA | Info Not Available |
| Call & Trade Charges | INR.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:
| Particulars | 5paisa | Nirmal Bang |
| 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 |
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.
| Particulars | 5paisa | Nirmal 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 service | 3:15 PM | 3:15 PM |
| NRI Trading facility | ✘ | ✘ |
| Other Features | NIL | NIL |
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:
| Particulars | 5paisa | Nirmal Bang |
| Desktop Trading Platform | 5paisaTradeStation | ODIN Diet |
| Desktop Platform (Windows) | ✔ | ✔ |
| Desktop Platform (Mac) | ✘ | ✘ |
| Web Trading Platform | ✔ | ✔ |
| Web Trading Detail | https://www.5paisa.com/online-trading | https://nbtrade.nirmalbang.net/netnetlite/ |
| Mobile Site | ✔ | ✔ |
| Mobile Trading | ✔ | ✔ |
| Mobile Trading App | 5paisa Mobile App | Beyond |
| Android Mobile App | ✔ | ✔ |
| iPhone Mobile App (IOS) | ✔ | ✘ |
| Android Tablet App | ✔ | ✔ |
| iPad App (IOS) | ✔ | ✘ |
| Trading Software Charges | Free | Info 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.
| Particulars | 5paisa | Nirmal 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 Options | NIL | NIL |
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.
| Particulars | 5paisa Margin | Nirmal 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.
| Particulars | 5paisa | Nirmal 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/Paperless | Info Not Available |
| Customer Support Email | [email protected] | Info Not Available |
| Knowledge Center/Education | https://www.5paisa.com/knowledge-centre | Info 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 |
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.
| Particulars | 5paisa | Nirmal Bang |
| DP Source | CDSL | CDSL |
| DP ID | 82500 | No |
| 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 Deposit | NIL | NIL |
| Statutory charges | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.025% or INR.25 whichever is higher + CDSL charges | 0.03% of the transaction value (Min INR.15) |
| DEMAT | INR.15 per certificate | INR.40 per demat requets + INR.40 for additional 50 certificate |
| REMAT | INR.15 for every hundred securities or INR.15 per certificate whichever is higher | 0.04% of the value or INR.15 per certificate (whichever is higher) |
| Pledge Creation | INR.50 | 0.02% of the transaction value (Min INR.100) |
| Pledge Creation Confirmation | NIL | Nil |
| Pledge Closure | NIL | 0.02% of the transaction value (Min INR.100) |
| Pledge Closure Confirmation | NIL | Nil |
| Pledge Invocation | NIL | 0.02% of the transaction value (Min INR.100) |
| Failed Instruction Charges | Nil | Nil |
| Other Charges | Nil | Nil |
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.
