5Paisa Vs Profit Mart
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These broking companies are giving their trading releted services to the traders. When you are choosing one of them, then you have to know all the corners deeply. Here is the comparative study of 5Paisa vs Profit Mart.
Discount Broker 5Paisa (incorporated in 2016) is a Mumbai based financial institution.
Being a part of IIFL (India Infoline Finance Ltd) they charge the lowest brokerage, which is INR.20/- per trade.
On the other hand, Prostocks is a leading discount broker of India, started its journey in 2016.
Being a very customer-oriented broker it has numerous other benefits like lowest exchange transaction charges, lowest stamp duty charges, free DEMAT account AMC, etc.
- Offers free mutual fund suggestions & brokerage.
- Flat brokerage charge of INR. 20/-.
- Online term insurance is offered as other investment options.
- Paperless account opening enabled only with Aadhaar.
- It offers one of the best-equipped platforms for trading.
- Robot enabled platform for investment advising and trading.
- Lower exchange transaction charge
- Flat fee based for brokerage plans
- Strong customer support.
- Paperless & fully online account opening process.
- Call & trade is the cheapest of all.
Comparative Study on Overall Organisational Details:
Comparing 5Paisa & Profit Mart based on overall customer service we derived the below-mentioned details. Here we have compared both the brokers considering the type of organization, broker type, originated location, establishment year & name of the founder.
|Broker Type||Discount Broker||Full-Service Broker|
|Headquarters||Mumbai, India||Mumbai, India|
|Founder||Nirmal Jain & |
|Niranjan Mahajan, |
Rudasan R K
Comparative Study on Customer Ratings:
Comparing 5Paisa & Profitmart Securities based on Customer Ratings we get this information. Here we can see that in terms of experience, products & services & research & advisory profit mart is in a leading position. On the other hand, in terms of the brokerage fee 5Paisa is a step ahead.
|Products & Services||6.0/10||7.0/10|
|Brokerage Charges & Fees||9.8/10||6.8/10|
|Stock Research & Advisory||4.0/10||7.0/10|
|Total Client Reviews||667||148|
Account Maintainance Charge & Account Opening Charge:
Here we have compared 5Paisa & Profitmart Securities based on account opening charge & account maintenance charge. Here we can see from the below contrast that Profit Mart Securities provides account opening for free whereas, 5paisa charges for account opening. Both the broker ensures free AMC on a trading account.
|Account Opening Charges||INR.650||Zero|
|DEMAT AMC Charges||INR.400 per Annum||INR. 999 One Time Fee|
|Trading AMC Charges||Free||Free|
|Margin Money||Zero||Minimum INR. 10,000|
|Offline to Online||✖||✔|
Compare Brokerage Charge:
Contrasting 5Paisa & Profit Mart Securities based on Brokerage Charge we get the below details. Here we can see that Profitmart Securities offers a percentage based brokerage charge structure whereas, 5Paisa offers a flat-fee based brokerage charge structure. Both brokers charge a minimum brokerage charge.
|Particulars||5Paisa Brokerage||Profitmart Securities|
|Equity Delivery Trading||INR.10||0.30%|
|Equity Intraday Trading||INR.10||0.01%|
|Commodity Options Trading||NA||0.01%|
|Equity Futures Trading||INR. 10||0.01%|
|Equity Options Trading||INR. 10 per Lot||INR. 25 per lot|
|Currency Futures Trading||INR. 10||0.01%|
|Currency Options Trading||INR. 10 per Lot||INR. 25 per lot|
|Minimum Brokerage||INR. 10||0.01% for transaction|
|DEMAT AMC Charges||INR. 400 per Annum||Free|
|Trading AMC Charges||Free||Free|
|Margin Money||Zero||Minimum INR. 10,000|
Comparative Study on Other Administrative Charges:
In terms of Administrative transactional charge, we here compared 5Paisa & Profitmart Securities as below. It includes GST, STT, etc. The charges are almost same. But it also should be known, to compare them.
|Transaction Charges||0.00325% of Total Turnover||0.00325% of Total Turnover|
|STT||0.0126% of Total Turnover||0.0126% of Total Turnover|
|SEBI Turnover Charges||0.0002% of Total Turnover||0.0002% of Total Turnover|
|Stamp Duty||Depends on State (very minimal)||Depends on State (very minimal)|
|GST||18% of (Brokerage + Transaction Charges)||18% of (Brokerage + Transaction Charges)|
Comparative Study on Offers :
Contrasting 5Paisa & Profitmart Securities we get the below comparison on offers. We here can see that in terms of offers Profitmart Securities is ahead of 5 Paisa offering more offers.
|Free DEMAT Account||✖||✖|
|Free Trading Account||✔||✔|
|Discount on Brokerage||✔||✔|
|Trading Happy Hours||✖||✖|
|Flexible Brokerage Plans||✖||✔|
|1 Month Brokerage Free||✖||✖|
|Zero Brokerage for Loss Making Trades||✖||✖|
Comparative Study on Services Offered:
Assessing 5Paisa & Profitmart Securities based on their service offering we derived the below comparison. It includes DEMAT services, IPO services, PMS, intraday services, etc.
|3 in 1 Account||✖||✖|
|Trading Exposure||Maximum 35x||Maximum 20x|
Comparative Study on Research & Advisory:
Contrasting 5Paisa & Profitmart Securities based on their research & advisory offering we received the below comparison. Here we can see in the below table that Profitmart securities offer a lot more advisory support than 5Paisa
|Company Stock Review||✖||✔|
|Free Stock Tips||✖||✔|
|Daily Market Review||✖||✔|
Considering 5Paisa & Profitmart Securities based on product-wise margin we get the below details. It includes equity delivery, equity options, equity futures, commodities, etc.
|Equity Delivery||Maximum 5x||Maximum 2X|
|Equity Intraday||Maximum 35x||Maximum 6X|
|Equity Futures||Maximum 8x||Maximum 3X|
|Equity Options||Maximum 12x||Maximum 2X|
|Currency Futures||Maximum 6x||Maximum 2X|
|Currency Options||Maximum 10x||Maximum 3X|
|Commodities||Maximum 10x||Maximum 2X|
Comparative Study on Products:
Assessing 5Paisa & Profitmart Securities based on their product offering we derived the below comparison. We can see in this comparison 5Paisa offers equity trading, currency trading, options & futures. On the other hand, Profitmart Securities offers equity trading, commodity trading, currency trading, futures & mutual funds.
Comparison of Trading Terminal:
Because of the trading terminal offering of 5Paisa & Profitmart Securities, we compared them as below. It includes desktop platform, mobile site, portfolio details, etc.
|Desktop Platform – Windows||✔||✔|
|Desktop Platform – Mac||✔||✖|
|Desktop Browser Platform||✔||✖|
|Mobile Site Platform||✔||✖|
|Android App Platform||✔||✔|
|iOS App Platform||✔||✔|
|Windows App Platform||✖||✔|
|Other Mobile OS Platform||✖||✖|
|Online MF Buy||✔||✖|
Comparative Study on Customer Assistance
In light of customer assistance, we here have compared 5Paisa & Profitmart Securities as below. 5Paisa offers online trading, 24X7 support helpline & email support. Whereas, Profitmart Securities offers a dedicated personal relationship manager, online trading facility & email support.
Comparative Study on Customer Complaint:
Both these brokers provide multiple channels to their investors to reach them so that they can support the customers in a better way. Here we compared 5Paisa & Profitmart Securities based on their customer complaint handling in the below table.
|Lodged in BSE||98|
|Resolved in BSE||86|
|Lodged in NSE||236||3|
|Resolved in NSE||230||3|
Finally, we can say that Profitmart Securities (full-service broker) has a huge offering for its customers. But Arihant Capital (full-service broker) offers low charges to its customers. Still, it should be kept in mind that individual investors should opt the broker between 5Paisa vs Profit Mart as per his need only.
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.