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5Paisa Vs Trade Smart Online: A Comparison on Their Trading Similarities and Dissimilarities

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5Paisa-Vs-Trade-Smart-Online-Compare

5Paisa Vs Trade Smart Online comparison presented in this post is based on over a hundred different attributes and traits. In spite of both of them being discount brokers, they do not match one in all other aspects too. In fact most of their traits are rather colliding than complimenting.

Here is the basis of the comparison between the two discount brokers of India:

  • Brokerage plans
  • Plan types
  • Customer service
  • Maintenance fees
  • AMC
  • Trading platform
  • Ratings
  • Mobile app
  • Margin / exposure / leverage
  • Demat account
  • Investment option
  • Transaction Charges

Let us begin with the comparing to help you decide better you would prefer to carry out your trading with.

5Paisa vs Trade Smart Online

The below table gives a peek into the basics of the two brokerage companies, 5Paisa and Trade Smart Online.

Basis 5PaisaTrade Smart Online
About the broker5Paisa is the 2nd largest discount broker in India. It is Mumbai based company. It is a part of India’s leading financial services company named IIFL group (India Infoline). In late 2016, 5paisa was re-launched for online retail broking with new brokerage model. 5paisa offer services of online trading, online mutual funds, online insurances, and personal loans.Trade Smart online is a discount service broker located in Mumbai, India. They deal these services in currency, commodity, and stock trading segments. Trade Smart is a portion of VNS Finance &Capital Services Ltd. This parent company is a traditional brokerage company incorporated in the year 1994. Trade Smart offers trading in MCX Commodities, BSE cash, NSE F&O, NSE Cash, and depository service of CDSL.
Plans ProvidedFlat rate PlanPower Plan
Type of brokerDiscount BrokerDiscount Broker
Number of Branches in India9001
Exchange SupportedBSE, NSE, MCX-SXMCX, BSE, and NSE
Year of establishment19961994

5Paisa Vs Trade Smart Online Charges

The below table compares 5Paisa and Trade Smart Online in terms of basic charges of trading account and demat account in relation to their opening and their AMC.

Basis             5PaisaTrade Smart Online
Trading Account AMCFreeRupees 0
Fees  to open Trading AccountRs Rupees650 (six hundred fifty)Rupees. 200
Demat Account AMCRupees. 400 (four hundred)Rupees. 300
Demat Account Opening FeesRupees. 0Rupees. 200
Demat Account StatusNot MandatoryNot Mandatory

5Paisa vs Trade Smart Online Brokerage

5Paisa has one brokerage plan wherein they charge Rs. 10 for every executed order. However, the same is not the case with Trade Smart Online. This discount broker has 2 plans namely Power Plan and Value Plan each of which has different rate card.

In case of Trade Smart Online, a trader can easily switch from one plan to the other if the strategy fits.

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Brokerage Plan 1

 5PaisaTrade Smart Online
 Flat Rate PlanPower Plan Charged at Rs. 15 for every order
Equity Delivery ChargesRupees 10 for every executed orderRupees 15 for every effected order
Fixed ChargesNO
Equity Futures  ChargesRupees 10 for every executed orderRupees 15 for every effected order
Equity Intraday ChargesRupees 10 for every executed orderRupees 15 for every effected order
Currency Futures TradingRupees 10 for every executed orderRupees 15 for every effected order
Equity OptionsRupees 10 for every executed orderRupees. 15 for every effected order
Commodity Futures Trading ChargesRupees 10 for every executed orderRupees. 15 for every effected order
Currency Options Trading ChargesRupees. 10 for every executed orderRupees. 15 for every effected order
Commodity Options Trading ChargesRupees. 10 for every executed orderRupees 15 for every effected order

Brokerage Plan 2

 5PaisaTrade Smart Online
 Flat Rate PlanValue Plan
Equity DeliveryRupees 10 for every executed order0.007%
Fixed ChargesNA
Equity FuturesRupees 10 for every executed order0.007%
Equity IntradayRupees 10 for every executed order0.007%
Currency Futures TradingRupees 10 for every executed order0.007%
Equity OptionsRupees 10 for every executed orderRupees 7 per order
Commodity Futures TradingRupees 10 for every executed order0.007%
Currency Options TradingRupees 10 for every executed orderRupees 7 per order
Commodity Options TradingRupees for every executed orderRupees 7 per order

Other Charges

Other Brokerage Intraday positions (BO, CO & MIS) are squared for Rs. 20 per executed order
Minimum Brokerage ChargesRupees 10 per tradeRupees 15 for every effected order
Call and Trade ChargesRupees 100 per call (irrespective of the number of calls)Rupees 20 for every effected order

5paisa Account Opening

5Paisa Vs Trade Smart Online transactional Charges

Transactional charges are charged for every trade you make. The two stock brokers have different transactional charges plans for equity, currency, and commodity trade.

 5Paisa    Trade Smart Online
Equity Intraday0.00325%0.0035%
Equity Delivery0.00325%0.0035%
Equity Options0.051% (on premium)0.0715%
Equity Futures0.0021%0.0024%
Currency Options0.051%0.06%
Currency Futures0.0021%0.00165%
Commodity 0.0039%

5Paisa vs Trade Smart Online Exposure Margin

5Paisa    Trade Smart Online
Equity Intraday MarginUp to 20x30x trading margin
Equity Delivery MarginUp to 4x (Category E 4x, A 3.5x, B 3x, C 2x, D 1.5x)1x (no margin)
Equity Options MarginIntra-day: 1x | Carry forward: 1xCO – 7x & BO – 7x & MIS – 3x
Equity Futures MarginIntra-day: 3.5x | Carry forward: 1x (no margin)CO – 7x & BO – 7x & MIS – 3x
Currency Options MarginIntra-day: 1x | Carry forward: 1xCO – NA & BO – NA & MIS – 3x
Currency Futures MarginIntra-day: 1 time | Carry forward: 1xCO – 3x & BO – 3x & MIS – 3x
Commodity OptionsCO – NA & BO – NA & MIS – NA
Commodity Futures MarginCO – 6x & BO –  6x & MIS – 2x

5Paisa vs Trade Smart Online Feature Comparison

Both the discount brokers offer a list of features that are in some areas similar while some are different. They have major difference in their intraday square off time. None of the two brokers offers the service of a 3 in 1 account. However, they both offer charting, margin against shares (equity cash and equity F&O).

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5Paisa    Trade Smart Online
ChartingYESYES
3 in 1 accountNANA
SMS AlertsYESNA
Automated TradingNAYES
Online PortfolioYESNA
Online DemoYESYES
Margin Against Shares (Equity Cash)YESYES
Margin Trading Funding AvailabilityYESNA
Trading Platform5Paisa Trade StationSpin, NOW, NEST
Margin Against Shares (Equity F&O)YESYES
Referral ProgramYES
Intraday Square-Off Time3:10 PMCurrency: 4.45 pm & Commodity: 30 minutes prior to market closing & Equity: (F&O, Cash) 3:10 pm

Trade Smart Online Account Opening

5Paisa vs Trade Smart Online Ratings

Since both the discount brokers are well-known and loved for their discount brokerage services, here are some ratings for you to make a choice about who you would for trading.

 5Paisa          Trade Smart Online
Trading brokerage rating3.5 / 54.5 / 5
Fees rating3 / 53.5 / 5
Trading platform usability2.5 / 53.5 / 5
Overall rating2.5 / 54.5 / 5
Customer service rating2.5 / 54 / 5
Broker rating2.8 / 54.1 / 5

5Paisa vs Trade Smart Online Investment Options

5Paisa          Trade Smart Online
CommodityNAYES
Stock / EquityYESYES
Initial Public Offers (IPO)YESNA
CurrencyYESYES
Bond / NCDYESYES
Mutual FundsYESYES
Other Investment OptionsInsurance, Mutual Funds
DebtYESNA

5Paisa Vs Trade Smart Online Customer Service

5Paisa          Trade Smart Online
Online live chatNAYES
24 * 7 customer serviceNANA
Through branchesNANA

5Paisa vs Trade Smart Online Order Type Offered

5Paisa          Trade Smart Online
Cover OrderYESYES
Bracket OrderYESYES
STBT (Sell Today Buy Tomorrow)YESNA
BTST (Buy Today Sell Tomorrow)YESNA
GTC (Good Till Cancelled)NAYES
AMO (After Market Order)YESYES

 5Paisa vs Trade Smart Online Research Report

5Paisa          Trade Smart Online
Free TipsNANA
Daily Market ReportNANA
News AlertsNANA
Quarterly Result AnalysisNANA

5Paisa vs Trade Smart Online Suitable for Which Investor Type

5Paisa          Trade Smart Online
Active InvestorYESYES
Casual Investor
TraderYESYES

5Paisa Vs Trade Smart Online advantages and Disadvantages

Here is a list of advantages and disadvantages of 5Paisa and Trade Smart Online. However, they are not in sequence of comparison.

5Paisa          Trade Smart Online
Advantages ·       5Paisa is one of those discount brokers that offers brokerage services at incredibly cheap rates, at Rs. 10 for every executed order.

·       With 5paisa, you no longer have to bother about the size of your trade because there is a flat brokerage rate.

·       5Paisa has free trading software which include trading terminal and mobile app by 5Paisa.

·       It offers up to 4 times more exposure when it comes to Equity Delivery Trading when compared to its competitors.

·       5Paisa offers almost 20x more exposure when it comes to Intraday Trading.

·       It offers up to 3.5x more exposure when talking about Derivatives Intraday Trading.

·       IIFL backs 5Paisa. It is a leading non-banking financial institution having experience of more than 2 decades.

·       While most discount brokers offer only one brokerage plan, Trade Smart Online has come up with 2 unique and suitable brokerage plans that makes it super easy for every trader, new or experienced, to get into trading. Value plan and power plan are two plans and it is surprisingly easy to switch between the two plans, thus making trading easy.

·       Trade Smart Online gives you the option of investing in Offer for Sale (OFS), bonds, and Mutual Funds. Most discount brokers do not have these financial instruments.

·       Superb referral benefits are imparted with. 10% of the brokerage generated is received by the customer when they are referred.

·       Trading Smart Online does not require you to have a minimum account to either open or to maintain a trading account.

·       They have impeccable customer service as they can be contacted any time through their website’s live chat option.

·       They have experience of trading of over 2 decades (they were incepted in 1994).

·       You can increase your trading knowledge with Trading Smart On line’s knowledge base.

·       Trading Smart Online provides, Offer for Sales (OFS), Margin against Shares (MAS), and Mutual Funds.

Disadvantages·       Call and Trade will cost you Rs. 100 per call added with the brokerage. However, you can place unlimited trades in one single call.

·       You have to pay extra cost to get access to research and advisory.

·       5Paisa charges a bit extra exchange turnover charges when compared to other discount brokers of the league.

·       5Paisa charges a little more demat debit charges staked at Rs. 25 per transaction.

·       Demat account and NRI Trading accounts are not available.

·       You do not have to option of a 3 in 1 account.

·       Call and trade will cost traders extra Rs. 20 for every executed order, along with the brokerage.

·       Physical contract notes cost traders Rupees Twenty for every contract note along with courier charges.

·       Intraday positions (BO, CO & MIS) will cost traders Rs. 20.

·       You will not have access to a 24*7 customer care service by Trade Smart Online.

·       You will not have the facility of investing in IPO at Trade Smart Online.

·       Trade Smart Online does not provide technical analysis, news alerts, free tips, and daily market report.

·       The broking company does not provide banking services which means traders do not get the option of 3 in 1 account.

Conclusion

The above written comparison of 5Paisa vs Trade Smart Online, two discount brokers is there to help you decide that which one of the two brokers will be better for your trading needs.

While each of the two has its own advantages and disadvantages, along with other features and rates to compare, the comparison will hopefully make it easier to choose the right one.

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