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 | 5Paisa | Trade Smart Online |
| About the broker | 5Paisa 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 Provided | Flat rate Plan | Power Plan |
| Type of broker | Discount Broker | Discount Broker |
| Number of Branches in India | 900 | 1 |
| Exchange Supported | BSE, NSE, MCX-SX | MCX, BSE, and NSE |
| Year of establishment | 1996 | 1994 |
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 | 5Paisa | Trade Smart Online |
| Trading Account AMC | Free | Rupees 0 |
| Fees to open Trading Account | Rs Rupees650 (six hundred fifty) | Rupees. 200 |
| Demat Account AMC | Rupees. 400 (four hundred) | Rupees. 300 |
| Demat Account Opening Fees | Rupees. 0 | Rupees. 200 |
| Demat Account Status | Not Mandatory | Not 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.
Brokerage Plan 1
| 5Paisa | Trade Smart Online | |
| Flat Rate Plan | Power Plan Charged at Rs. 15 for every order | |
| Equity Delivery Charges | Rupees 10 for every executed order | Rupees 15 for every effected order |
| Fixed Charges | NO | |
| Equity Futures Charges | Rupees 10 for every executed order | Rupees 15 for every effected order |
| Equity Intraday Charges | Rupees 10 for every executed order | Rupees 15 for every effected order |
| Currency Futures Trading | Rupees 10 for every executed order | Rupees 15 for every effected order |
| Equity Options | Rupees 10 for every executed order | Rupees. 15 for every effected order |
| Commodity Futures Trading Charges | Rupees 10 for every executed order | Rupees. 15 for every effected order |
| Currency Options Trading Charges | Rupees. 10 for every executed order | Rupees. 15 for every effected order |
| Commodity Options Trading Charges | Rupees. 10 for every executed order | Rupees 15 for every effected order |
Brokerage Plan 2
| 5Paisa | Trade Smart Online | |
| Flat Rate Plan | Value Plan | |
| Equity Delivery | Rupees 10 for every executed order | 0.007% |
| Fixed Charges | NA | |
| Equity Futures | Rupees 10 for every executed order | 0.007% |
| Equity Intraday | Rupees 10 for every executed order | 0.007% |
| Currency Futures Trading | Rupees 10 for every executed order | 0.007% |
| Equity Options | Rupees 10 for every executed order | Rupees 7 per order |
| Commodity Futures Trading | Rupees 10 for every executed order | 0.007% |
| Currency Options Trading | Rupees 10 for every executed order | Rupees 7 per order |
| Commodity Options Trading | Rupees for every executed order | Rupees 7 per order |
Other Charges
| Other Brokerage | Intraday positions (BO, CO & MIS) are squared for Rs. 20 per executed order | |
| Minimum Brokerage Charges | Rupees 10 per trade | Rupees 15 for every effected order |
| Call and Trade Charges | Rupees 100 per call (irrespective of the number of calls) | Rupees 20 for every effected order |
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 Intraday | 0.00325% | 0.0035% |
| Equity Delivery | 0.00325% | 0.0035% |
| Equity Options | 0.051% (on premium) | 0.0715% |
| Equity Futures | 0.0021% | 0.0024% |
| Currency Options | 0.051% | 0.06% |
| Currency Futures | 0.0021% | 0.00165% |
| Commodity | 0.0039% |
5Paisa vs Trade Smart Online Exposure Margin
| 5Paisa | Trade Smart Online | |
| Equity Intraday Margin | Up to 20x | 30x trading margin |
| Equity Delivery Margin | Up to 4x (Category E 4x, A 3.5x, B 3x, C 2x, D 1.5x) | 1x (no margin) |
| Equity Options Margin | Intra-day: 1x | Carry forward: 1x | CO – 7x & BO – 7x & MIS – 3x |
| Equity Futures Margin | Intra-day: 3.5x | Carry forward: 1x (no margin) | CO – 7x & BO – 7x & MIS – 3x |
| Currency Options Margin | Intra-day: 1x | Carry forward: 1x | CO – NA & BO – NA & MIS – 3x |
| Currency Futures Margin | Intra-day: 1 time | Carry forward: 1x | CO – 3x & BO – 3x & MIS – 3x |
| Commodity Options | CO – NA & BO – NA & MIS – NA | |
| Commodity Futures Margin | CO – 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).
| 5Paisa | Trade Smart Online | |
| Charting | YES | YES |
| 3 in 1 account | NA | NA |
| SMS Alerts | YES | NA |
| Automated Trading | NA | YES |
| Online Portfolio | YES | NA |
| Online Demo | YES | YES |
| Margin Against Shares (Equity Cash) | YES | YES |
| Margin Trading Funding Availability | YES | NA |
| Trading Platform | 5Paisa Trade Station | Spin, NOW, NEST |
| Margin Against Shares (Equity F&O) | YES | YES |
| Referral Program | YES | |
| Intraday Square-Off Time | 3:10 PM | Currency: 4.45 pm & Commodity: 30 minutes prior to market closing & Equity: (F&O, Cash) 3:10 pm |
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 rating | 3.5 / 5 | 4.5 / 5 |
| Fees rating | 3 / 5 | 3.5 / 5 |
| Trading platform usability | 2.5 / 5 | 3.5 / 5 |
| Overall rating | 2.5 / 5 | 4.5 / 5 |
| Customer service rating | 2.5 / 5 | 4 / 5 |
| Broker rating | 2.8 / 5 | 4.1 / 5 |
5Paisa vs Trade Smart Online Investment Options
| 5Paisa | Trade Smart Online | |
| Commodity | NA | YES |
| Stock / Equity | YES | YES |
| Initial Public Offers (IPO) | YES | NA |
| Currency | YES | YES |
| Bond / NCD | YES | YES |
| Mutual Funds | YES | YES |
| Other Investment Options | Insurance, Mutual Funds | |
| Debt | YES | NA |
5Paisa Vs Trade Smart Online Customer Service
| 5Paisa | Trade Smart Online | |
| Online live chat | NA | YES |
| 24 * 7 customer service | NA | NA |
| Through branches | NA | NA |
5Paisa vs Trade Smart Online Order Type Offered
| 5Paisa | Trade Smart Online | |
| Cover Order | YES | YES |
| Bracket Order | YES | YES |
| STBT (Sell Today Buy Tomorrow) | YES | NA |
| BTST (Buy Today Sell Tomorrow) | YES | NA |
| GTC (Good Till Cancelled) | NA | YES |
| AMO (After Market Order) | YES | YES |
5Paisa vs Trade Smart Online Research Report
| 5Paisa | Trade Smart Online | |
| Free Tips | NA | NA |
| Daily Market Report | NA | NA |
| News Alerts | NA | NA |
| Quarterly Result Analysis | NA | NA |
5Paisa vs Trade Smart Online Suitable for Which Investor Type
| 5Paisa | Trade Smart Online | |
| Active Investor | YES | YES |
| Casual Investor | ||
| Trader | YES | YES |
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.
