Compare 5paisa Vs TradingBells,5Paisa is an Indian discount broker that was launched in India in 2015 by IIFL or better known as India Infoline. 5Paisa allows trade across multiple segments, including Mutual Funds, Insurance, Currency, and Equity.
Trading Bells, on the other hand, is a discount broker who is currently based out of Indore. It boasts a striking presence in more than 80 cities in India.
Both the stockbrokers in question, 5paisa and Trading Bells offer brokerage services at low costs, thus making them a fit for the traders. This post will give you a better look at their similarities and their differences, and then you can choose which one you prefer more and suit you better.
They are compared on the basis of the following traits:
- Exposure or leverages
- Account opening charges
- Company overview
- Advantages and disadvantages
- Exposure margin
- Research report
- Transaction charges
- Investment options
- Trading platforms
Let us get to 5paisa vs Trading Bells comparisonand 5paisa vs Trading Bells brokerage compare.
5Paisa vs Trading Bells Overview
|About the broker||5Paisa.com was launched in 2016. It was the online version and saw the coming together of new models and brokerage plans. Now, 5Paisa stands as the second biggest discount broker. It has its base in Mumbai and is a part of the bigger financial services company called India Infoline.||Trading Bells is an online discount broker based out of Indore, MP. The basis on which Trading Bells is based is to provide faster and transparent brokerage services which are lower in cost. This is especially beneficial for traders who prefer to indulge in online independent trading. While it was launched in the month of July in 2016, it became a fragment of Swastika Investment Ltd. in Dec 2016.|
|Year of Incorporation||2015||2016|
|Number of Branches in India||900|
|Account Type||Flat rate Plan||Standard Plan|
|Supported Exchange||BSE, NSE, MCX-SX||NCDEX, MCX, BSE, and NSE|
|Type of broker||Discount Broker||Discount Broker|
5Paisa vs Trading Bells Charges
The difference between the trading account opening fees of 5Paisa and Trading Bells is enormous. While 5Paisa charges Rs. 650 for the same, Trading Bells charge Rs. 200 for commodity and Rs. 300 for Equity, which in either of the cases is less than half. However, Trading Bells charge Rs. 150 as demat account opening fees whereas most brokers do it for no cost, just like 5Paisa.
|Trading Account AMC||Free||NIL|
|Trading Account Opening Fees||Rupees 650||Rupees 200 Commodity I Rs. 300 Equity|
|Demat Account AMC||Rupees 400||Rupees 300|
|Demat Account Opening Fees||free||Rupees 150|
|Demat Account Status||Not Mandatory||Not Mandatory|
5Paisa vs Trading Bells Brokerage
Trading bells follow a simple standard plan as per which they charge Rs. 20 every trade. 5Paisa, on the other hand, charges Rs. 10 per executed order. The rates of both the stock brokers are amongst the lowest in India.
|Flat Rate Plan||Standard Plan|
|Equity Delivery||Rupees 10 every executed order||Free (Rupees 0)|
|Equity Intraday||Rupees10 everyexecuted order||Rupees20 everytrade|
|Equity Options||Rupees10 every executed order||Rupees20 everytrade|
|Equity Futures||Rupees10 everyexecuted order||Rupees20 everytrade|
|Currency Futures Trading||Rupees10 everyexecuted order||Rupees20 everytrade|
|Commodity Futures Trading||Rupees10 everyexecuted order||Rupees20 everytrade|
|Currency Options Trading||Rupees10 everyexecuted order||Rupees20 everytrade|
|Commodity Options Trading||Rupees10 everyexecuted order|
|Other Brokerage||Rupees20 or 0.01% everyexecuted order (which of the either is lower)|
|Minimum Brokerage Charges||Rupees10 everytrade||Rupees0|
|Call & Trade Charges||Rupees100 everycall (irrespective of the number of calls)||And extra Rupees20 for every executed order|
5Paisa vs Trading Bells Transactional Charges
This table compares 5Paisa and Trading Bells on the basis of transactional charges and PCM fee by segment. The percentages of the two brokers vary slightly in some cases, while heavily in others.
|Equity Intraday||0.00325%||BSE Rupees275 everycrore & NSE Rupees325 everycrore (each side)|
|Equity Delivery||0.00325%||BSE Rupees275 everycrore & NSE Rupees325 everycrore (each side)|
|Equity Futures||0.0021%||BSE Rupees70 everycrore & NSE Rupees 210 everycrore (each side)|
|Currency Futures||0.0021%||NSE Rupees135 everycrore (0.00135%)|
|Equity Options||0.051% (on premium)||BSE Rupees 3000 everycrore & NSE Rupees 6000 everycrore (each side) (on premium)|
|Commodity||(NCDEX) Agri Rupees 400 everycr. & Non-Agri Rupees 310 or 0.0036%|
|Currency Options||0.051%||NSE Rupees 4400 everycrore (on premium) or 0.044&|
5Paisa vs Trading Bells Exposure Margin
|Equity Intraday Margin||Up to 20x||10x for most scripts|
|Equity Delivery Margin||Up to 4x (Category E 4x, A 3.5x, B 3x, C 2x, D 1.5x)||1x|
|Equity Futures Margin||Intra-day: 3.5x | Carry forward: 1x (no margin)||Carry: 1x & Intraday: 3x|
|Currency Futures Margin||Intra-day: 1 time | Carry forward: 1x||Carry: 1x & Intraday: 3x|
|Equity Options Margin||Intra-day: 1x | Carry forward: 1x||1x|
|Commodity Futures Margin||Carry: 1x & Intraday: 3x|
|Currency Options Margin||Intra-day: 1x | Carry forward: 1x||Carry: 1x & Intraday: 3x|
5Paisa vs Trading Bells Feature Comparison
Both these brokers, 5Paisa and TradingBellsoffer 2 in 1 account which includes demat and trading account. None of the two brokers offer automated trading.
Margin Funding is offered by both the share brokers while NRI trading facility is provided by none.
|3 in 1 account||NA||NA|
|Margin Against Shares (Equity Cash)||YES|
|Margin Trading Funding Availability||YES||YES|
|Trading Platform||5Paisa Trade Station||JUSTRADE, NSE NOW, ODIN|
|Margin Against Shares (Equity F&O)||YES|
|Intraday Square-Off Time||3:10 PM||Currency & Commodity: 15 minutes prior to market closing & Equity: 3:15 pm|
5Paisa vs Trading Bells Ratings
|Trading platform usability||2.5 / 5||3.5 / 5|
|Overall rating||2.5 / 5||4 / 5|
|Trading brokerage rating||3.5 / 5||5 / 5|
|Fees rating||3.5 / 5||3.5 / 5|
|Customer service rating||2.5 / 5||4.5 / 5|
|Broker rating||2.8 / 5||4.0 / 5|
5Paisa vs Trading Bells Investment Options
Both 5Paisa and TradingBellsoffer investment and trading options in equity derivatives and equity on exchanges of both BSE and NSE Both the stock brokers offers the facility of dealing in currency, bonds, mutual funds, IPO, mutual funds, debt, and bonds. None of the brokers have PMS Service.
|Stock / Equity||YES||YES|
|Initial Public Offers (IPO)||YES||YES|
|Bond / NCD||YES||YES|
|Other Investment Options||Mutual Funds, Insurance|
5Paisa vs Trading Bells Customer Services
|Online live chat||NA||NA|
|24 * 7 customer service||NA||NA|
5Paisa vs Trading Bells Order Type Offered
|STBT (Sell Today Buy Tomorrow)||YES|
|BTST (Buy Today Sell Tomorrow)||YES|
|GTC (Good Till Cancelled)||NA|
|AMO (After Market Order)||YES|
5Paisa vs Trading Bells Research Report
|Daily Market Report||NA||YES|
|Quarterly Result Analysis||NA||YES|
5Paisa vs Trading Bells suitable for which investor type
5paisa vs Trading Bells Advantages and Disadvantages
Every share broker comes with their pros and cons and same is the case with 5Paisa and Trading Bells. Each of the two have their own advantages to offer while also being equipped with certain disadvantages.
While the advantages and disadvantages are not exactly a comparison, their most essential ones are mentioned to help you make better decisions on which one to choose for smarter trading practices.
|Advantages||· 5Paisa offers brokerage services at extremely cheap rates. Only Rupees 10 has to be paid everyexecuted order.|
· The brokerage fee is flat. You do not have to worry about the size of the trade.
· Free access to trading software such as trading 5paisa terminal and 5paisa mobile app.
· You get up to 4 times more exposure in (EDT) equity delivery trading.
· You get up to 20 times more exposure in (EIT) equity intraday trading.
· You get almost 3.5 times more exposure in (DIT) derivatives intraday trading.
· It is backed by IIFL which is a premier non-banking financial institution with an experience of more than 2 decades.
· You get free derivative, fundamental, and technical research and advice.
|· It is a discount broker.|
· Trading Bells offers higher exposure and margin funding.
· It does not charge ant brokerages charges for dealing in equity delivery trades.
· It has multiple trading platforms – JUSTRADE, NSE Now, and ODIN.
· Mutual Funds and Online IPO is available at Trading Bells.
· You get a free trading software at Trading Bells.
· Trading Bells has branches in over 80 cities of India.
· Its flat rate of Rs. 20 per executed order is amongst the cheapest throughout the country.
· The brokerage fee for equity delivery trades is Rs. 0. The traders are only inclined to pay charges for demat transactions.
· Trading Bells uses a CLASSPlus BO (back Office) which is intuitive and stable.
· It deals in a wide variety of products including Mutual Funds, IPO, Commodity, Currency, Equity Derivatives, Equity, etc.
|Disadvantages||· In addition to brokerage, call & trade is charges at Rs. 100 per call. However, unlimited calls can be sited in a single call.|
· Research & advisory are only accessible after paying an additional cost.
· Demat charges are higher than most of its competitors at Rs. 25 per transaction.
· NRI trading as well as demat account are unavailable at 5paisa.
· 5paisa does not offer the facility of commodity trading.
· It does not offer 3 in 1 account facility.
|· Every call and trade at Trading Bells is charged at extra Rs. 20.|
· Trading Bells does not give you the option of 3 in 1 account. Only a 2 in 1 account is offered.
· Trading Bells charges an annual maintenance charge to keep your demat account running. Many discount brokers in India offer AMC trading accounts for free.
5Paisa and Trading Bells are both amongst the best discount brokers in India. Both these stock brokers offer fair looking price for trading deals making them appear in the most loved brokers’ list.
The above 5paisa vs Trading Bells comparison will help you have a better idea as to which one suit your trade related needs best. While both of these are amazing, we are sure must click through you better than the other.