In this page, I am providing side by side comparison of 5Paisa Vs AxisDirect
AxisDirect is a brokerage arm of Axisbank and hence provide 3-in-1 demat account. It enables seamless transfer of funds within the accounts. Brokerage of this broker is on higher side.
5Paisa falls in Discount Broker category. Hence they offer limited services but charges flat brokerage charges. But unlike other discount brokers, they provide recommendations.
There are lot of differences between these two brokers.
I have equated both these brokers based on Company overview, Account related charges, Brokerage Charges, Transaction charges, Exposure provided, other features, Investment services, Customer service , Research/recommendations and promotion offer on account opening if any.
However, if you already have account with any of these brokers, kindly share your experience with me and fellow readers through comments.
Here is the comparison of 5Paisa Vs AxisDirect:
Parameters | 5 Paisa | IIFL |
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| Review | ||
| Type of Broker |
Discount Broker |
Full Service Broker |
| Incorporation Year | 2015 | 1995 |
| Supported Exchanges | NSE, BSE and MCX-SX | NSE, BSE, MCX-SX , MCX and NCD-EX |
Account Related Charges |
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| Trading Account Opening Fees | Rs 250 | Rs 750 |
| Trading Account AMC | Rs 0 | Rs 0 |
| Demat Account Opening Fees | Rs 0 | Rs 555 |
| Demat Account AMC | Rs 400 | Rs 300 |
Brokerage Charges |
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| Equity Delivery Brokerage | Rs 10 per executed order | 0.5% |
| Equity Intraday Brokerage | Rs 10 per executed order | 0.05% |
| Equity Futures Brokerage | Rs 10 per executed order | 0.05% |
| Equity Options Brokerage | Rs 10 per executed order | Rs 100/lot or 1% of premium which ever is higher |
| Currency Futures Trading Brokerage | Rs 10 per executed order | 0.05% |
| Currency Options Trading Brokerage | Rs 10 per executed order | Rs 100/lot or 1% of premium which ever is higher |
| Commodity Trading Brokerage | NA | 0.03% |
| Minimum Brokerage Charges | NIL | 5 paisa per share |
| Monthly Unlimited Plans |  |  |
| Brokerage Calculator | 5Paisa Brokerage Calculator | IIFL Brokerage Calculator |
Transaction Charges |
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| Equity Delivery | 0.0035% | 0.0035% |
| Equity Intraday | 0.0035% | 0.0035% |
| Equity Futures | 0.0021% | 0.0021% |
| Equity Options | 0.051% (On Premium) | 0.051% (On Premium) |
| Currency Futures | 0.0021% | 0.0021% |
| Currency Options | 0.051% (On Premium) | 0.051% (On Premium) |
| Commodity | NA | 0.028% |
Exposure |
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| Equity | Upto 15 times Intraday and upto 4times for Delivery | Upto 20 times Intraday and 3 times for Delivery |
| Equity Futures | 2 times for Intraday | 3 times for Intraday |
| Equity Options | Upto 2 times | Buying No leverage and Shorting upto 3 times |
| Currency Futures | Upto 2 times intraday | 2 times for Intraday |
| Currency Options | Upto 2 times intraday | Buying No leverage and Shorting upto 2 times |
| Commodities | NA | Upto 2 times intraday |
Features |
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| 3 in 1 Account | | |
| Mobile Trading | | |
| Charting | | |
| Automated Trading | | |
| After Trading Hour Orders | | |
| SMS Alerts | | |
| Margin Funding | | |
| Trading Platform | 5 Paisa Trade Station, Trader Terminal , Mobile App | Trader Terminal (TT), Market App, Trader web |
Investment Services |
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| Stock / Equity | | |
| Commodity | | |
| Currency | | |
| Initial Public Offers (IPO) | | |
| Mutual Funds | | |
Customer Service Channels |
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| 24/7 Customer Service | | |
| Email Support | | |
| Onine Live Chat | | |
| Phone Support | | |
| Toll Free Number | | |
| Support Through Branches | | |
| Relationship Managers | | |
Research Reports/Tips/Recommendations |
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| Daily Market Report | | |
| Tips/Recommendations | | |
| Quarterly Result Analysis | | |
| News Alerts | | |
| Robo Advisory | | |
Promotional Offers |
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And if you are interested in checking the details these two brokers with few more stock brokers, see the below tables.
Point By Point Comparison of 5Paisa with other Brokers:
5Paisa in comparison with other Stock Brokers |
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Point By Point Comparison of Axis Direct with other Brokers:
AxisDirect in comparison with other Stock Brokers |
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