5Paisa vs Sharekhan: Sharekhan is on the third number on the list of the largest share brokers in India. The first two places are taken held by larger and more mega successful brokers such as ICICI Direct at the first place and HDFC Securities on the second one. Founded in February 2000, it is a well-established full service stockbroker in India.
Sharekhan holds over 1800 offices all over India, spread across 550 cities under the head as branches and franchises. Traders are also offered with the opportunity of trading with Sharekhan with the aid of their website named Sharekhan.com.
5Paisa, on the other hand, is a Mumbai based discount share broker and has earned an effectively nice name for itself. Traders have been investing in shares with the help of 5Paisa since years now and it has become one of the most trusted names in the country.
While 5Paisa has way less experience in the share market than Sharekhan, one can clearly see that 5Paisa is growing at an amazing rate and speed. There are n number of benefits and advantages associated with 5Paisa and its traders know it well.
This post will draw down a line of comparison between 5Paisa and Sharekhan. The comparison is based on differences as well as similarities and will help share traders have a better chance of deciding which share broker will fit better with their needs and wants.
Here are some of the aspects on which 5Paisa vs Sharekhan comparison is based:
- Basic information
- Brokerage fees and charges
- Other related charges
- Ratings by customers
- Demat account details and charges
- Products offered
- Services offered
- Leverage or exposure
- Research and advisory
- Offers by each
- Availability on trading platforms
Let us begin with 5Paisa vs Sharekhan comparison.
5Paisa vs Sharekhan Introductory Comparison
Sharekhan is 7 years older than 5paisa. While both these share brokers enjoy a great amount of love from new and experienced traders alike, the difference in their founding dates hardly matters.
Both the share brokers have their headquarters located in the Mumbai city of India. They have multiple offices throughout the country and both of them are into online trading.
| 5Paisa | Sharekhan | |
| Founded in Year | 2007 | 2000 |
| Founder Name | Mr Rajamani Venkataraman & Mr Nirmal Jain | Mr Jaideep Arora |
| Type of Broker | Discount broker | Full service |
| Type of Company | Public | Private |
| Headquarters Location | Mumbai, Maharashtra | Mumbai, India |
5Paisa vs Sharekhan Comparison of Demat Account
Neither 5Paisa nor Sharekhan charge any money or fees to open a demat account. Similarly, none of the two extract any AMC trading charges from their customers.
| 5Paisa | Sharekhan | |
| Demat account opening charges | Rupees 650 | Rupees 0 |
| AMC charges for trading | Rupees 0 | Rupees 0 |
| Offline to online facility | NA | YES |
| Depository source | CDSL | CDSL & NSDL |
| AMC charges demat | Rupees 400 every year | Rupees 300 every year or can be FREE |
| Margin Money | Rupees 0 | Rupees 0 |
5Paisa vs Sharekhan Comparison of Main Offers
5Paisa and Sharekhan offer free trading account and discount on brokerage charges to their customers. However, none of the two brokers offer trading happy hours, holiday offers, and concession to those traders who are consistently incurring loss.
Also, Sharekhan let go of their first month brokerage fee and also indulges into referral offers for their customers.
| 5Paisa | Sharekhan | |
| Free trading account | YES | YES |
| Trading happy hours | NA | NA |
| Brokerage free for the 1st month | NA | YES |
| Referral offers | NA | YES |
| Free demat account | NA | YES |
| Discount on brokerage charges | YES | YES |
| Flexible brokerage plans for traders | NA | YES |
| Holiday offers | NA | NA |
| No brokerage fees for traders incurring loss on trades | NA | NA |
5Paisa vs Sharekhan Comparison of Advisory & Research
Every trader, be it experienced or amateur, need the help of stats and experts to go around their stock investments. Thus, advisory and research come in handy when it comes to stock market matters.
| 5Paisa | Sharekhan | |
| Research reports | NA | YES |
| Annual reports | NA | YES |
| Free stock tips | NA | YES |
| Top picks | YES | YES |
| Monthly reports | NA | YES |
| Offline advisory | NA | YES |
| Fundamental reports | NA | YES |
| Company reports | NA | YES |
| Company stock review | NA | YES |
| IPO reports | NA | NA |
| Daily market review | NA | NA |
| Weekly reports | NA | YES |
| Relationship manager | NA | YES |
5Paisa vs Sharekhan Comparison of Products
Equity trading, currency trading, options, and futures are some of the common products offered by both 5Paisa and Sharekhan. As for the difference, commodity trading, mutual funds, and SIP are some products offered by Sharekhan but are not offered by 5Paisa.
| 5Paisa | Sharekhan | |
| Commodity trading | NA | YES |
| Options | YES | YES |
| Mutual funds | NA | YES |
| Banking | NA | NA |
| Insurance | NA | NA |
| Equity trading | YES | YES |
| Currency trading | YES | YES |
| Futures | YES | YES |
| Forex | NA | NA |
| SIP | NA | YES |
5Paisa vs Sharekhan Comparison of Customer Support Services
A good customer support service team is the background of a fully efficient and successful share broker. 5Paisa offers 24 hours customer support, an active email support, and online trading.
Sharekhan, one the other hand, offers offline trading, an active email support, online trading, and have a team of dedicated dealers.
| 5Paisa | Sharekhan | |
| Offline trading | NA | YES |
| 24 / 7 customer support | YES | NA |
| Email support | YES | YES |
| Number of Branches | Zero | 126 |
| Dedicated dealer | NA | YES |
| Online trading | YES | YES |
| Chat support | NA | YES |
5Paisa vs Sharekhan Comparison of Customer Ratings
Ratings and reviews have become an important way of determining whether we want to go for a thing or not. If you too are a trader, then going through 5Paisa and Sharekhan comparison of ratings can help you further be sure of your choice.
| 5Paisa | Sharekhan | |
| Services & Products | 6.0 / 10 | 7.0 / 10 |
| Stock Advisory & Research | 4.0 / 10 | 7.0 / 10 |
| Experience | 4.0 / 10 | 7.5 / 10 |
| Brokerage Fees & Charges | 9.8 / 10 | 6.5 / 10 |
| Trading Platforms Performance | 7.0 / 10 | 7.5 / 10 |
| Total ratings | 6.2 / 10 | 7.1 / 10 |
5Paisa vs Sharekhan Comparison of Brokerage Fees & Charges
Every broker charges some basic fees and charges for brokerage for every placed order. While the brokerage fees of 5Paisa is fixed and is rupees 10 for every order, for Sharekhan percentage is fixed at 0.10% in most cases.
| 5Paisa | Sharekhan | |
| Equity Intraday Trading | Rupees 10 for every order | 0.10% |
| Equity Futures Trading | Rupees 10 for every order | 0.10% |
| Currency Futures Trading | Rupees 10 for every order | 0.10% |
| Minimum Brokerage | Rupees 10 for every order | Rupees 20 for every order |
| AMC Charges Trading | Rupees 0 | Rupees 0 |
| Equity delivery Trading | Rupees 10 for every order | 0.50% |
| Commodity Options Trading | NA | 0.10% |
| Equity Options Trading | Rupees 10 for every order | Either 2.5% on premium or rupees 100 for every order (the higher one) |
| Currency Options Trading | Rupees 10 for every order | Either 2.5% on premium or rupees 30 for every order (the higher one) |
| Charges Demat AMC | Rupees 400 every year | Rupees 300 every year or FREE |
| Margin money | Rupees 0 | Rupees 0 |
| Calculator for brokerage | 5Paisa brokerage Calculator | Sharekhan Brokerage Calculator |
5Paisa vs Sharekhan Comparison of Other Related Charges
Some other additional as well as related charges are also charged by 5Paisa and Sharekhan both. These charges are unavoidable such as GST, STT, SEBI turnover charges, stamp duty charges, and transactional charges.
| 5Paisa | Sharekhan | |
| STT | 0.0126% / entire turnover | 0.0126% / entire turnover |
| Stamp Duty | Minimal & varies depending upon the state | Minimal & varies depending upon the state |
| Transactional Charges | 0.00325% / entire turnover | 0.00275% / entire turnover |
| SEBI Turnover Charges | 0.0002% / entire turnover | 0.0002% / entire turnover |
| GST | 18% / (transactional charges + brokerage fees) | 18% / (transactional charges + brokerage fees) |
5Paisa vs Sharekhan Comparison of Services
5Paisa and Sharekhan are competitors who have waved their flag of mark ship throughout the country. With their unlimited number of services, traders are likely to get confused as to which one to choose.
| 5Paisa | Sharekhan | |
| Trading Services | YES | YES |
| Intraday Services | YES | YES |
| Stock Recommendation | NA | YES |
| PMS | NA | YES |
| Trading Exposure | Up to 35 times | Up to 32 times |
| Demat Services | YES | YES |
| 3 in 1 account | NA | NA |
| IPO Services | YES | YES |
| Robo Advisory | YES | YES |
| Trading Institution | NA | YES |
5Paisa vs Sharekhan Comparison of Leverage or Exposure
| 5Paisa | Sharekhan | |
| Equity Intraday | Up to 35 times | Up to 32 times |
| Equity Options | Up to 12 times | Up to 10 times |
| Currency Options | Up to 10 times | Up to 10 times |
| Equity Delivery | Up to 5 times | Up to 15 times |
| Equity Futures | Up to 8 times | Up to 15 times |
| Currency Futures | Up to 6 times | Up to 8 times |
| commodities | Up to 10 times | Up to 10 times |
5Paisa vs Sharekhan Comparison of Trading Platforms
Both of the share brokers, 5Paisa and Sharekhan are active on multiple platforms and it is working superbly well for both of them. There are hardly any known and popular platforms which are yet to witness their presence.
| 5Paisa | Sharekhan | |
| Desktop platform – mac | YES | YES |
| Mobile site platform | YES | NA |
| iOS app platform | YES | YES |
| Other mobile platforms (OS) | NA | NA |
| Portfolio details | YES | YES |
| News flash | YES | YES |
| Easy installation | YES | YES |
| Stock tips | YES | YES |
| Interactive charts | YES | YES |
| SMS alerts | YES | YES |
| Multi account management | YES | YES |
| Desktop platform – windows | YES | YES |
| Desktop browser – platform | YES | YES |
| Android app platform | YES | YES |
| Windows app platform | NA | NA |
| Real time updates | YES | YES |
| Online MF buy | YES | YES |
| Research reports | YES | YES |
| Global indices | YES | YES |
| Personalized advisory | YES | YES |
| Live markets | YES | YES |
| Email alerts | YES | YES |
Conclusion
This post of 5Paisa vs Sharekhan comparison is carried out with the purpose of helping new traders pin down the one share broker that will suit then better. Similarly, experienced and knowledgeable traders will be able to make a better decision as to which of the two brokers, 5Paisa or Sharekhan will benefit their decision making more.
There are some pretty obvious differences between 5Paisa and Sharekhan while at some points they are running on the similar lines. Sharekhan is a much older and established share broker than 5Paisa. However, 5Paisa has always proven to be worth the demand and attention it receives from itsregular traders.
The above post is for the purpose of helping traders have a better insight into the pros, cons, working, schemes, and offers of 5Paisa and Sharekhan.
