5Paisa Vs Profit Mart – Comparative Study On Products Offering

5Paisa Vs Profit Mart

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.

Notable Features: 

5Paisa:

1. Offers free mutual fund suggestions & brokerage. 
2. Flat brokerage charge of INR. 20/-. 
3. Online term insurance is offered as other investment options.
4. Paperless account opening enabled only with Aadhaar. 
5. It offers one of the best-equipped platforms for trading. 
6. Robot enabled platform for investment advising and trading. 

Profit Mart:

1. Lower exchange transaction charge
2. Flat fee based for brokerage plans
3. Strong customer support.
4. Paperless & fully online account opening process.
5. 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.

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.

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.

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.

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.

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.

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.

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

Compare Leverage/Exposure: 

Considering 5Paisa & Profitmart Securities based on product-wise margin we get the below details. It includes equity delivery, equity options, equity futures, commodities, etc.

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.

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. 

Conclusion: 

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.