5Paisa vs Groww – Which is Better | 2024
5Paisa vs Groww
5 Paisa, founded in 1996, is a discount broker. It offers trading on the NSE and BSE. It has one branch across India. Groww , founded in 2016, is a discount broker. It supports trading on the NSE and BSE. It has 0 branches in India
5 Paisa
One of the top online stockbrokers in India is 5paisa.com, which provides consumers investors with affordable brokerage services. The founders of IIFL are the advocates of 5paisa Capital Ltd, a professionally managed and publicly traded firm. It has more than 1.2 million clients as of March 2021. At BSE, NSE, and MCX, 5paisa online
trading is offered for currency, commodities, and stocks. Three subscription packages are available from 5Paisa: the Ultra Trader Pack, Power Investor Pack, and Regular Account Pack. These programmes provide you a number of advantages, such as flat fees that drop from Rs. 20 to Rs. 10 and zero account opening fees.
Groww
Groww is the brand name for Nextbillion Technology Private Limited, aSEBI-registered stockbroker and member of the NSE and BSE. Groww, founded in2016, began as a direct mutual fund investing platform. In the mid-2020s, Growwexpanded its product offering to include equity trading. Other investing alternativesavailable to users include digital gold, US stocks, and fixed deposits. Groww chargesa lesser fee of Rs 20 or 0.05% each performed deal. You pay a maximum of Rs 20as brokerage for an order, regardless of quantity or value. Groww provides freemutual fund services, including no expenses for investing or redeeming mutualfunds.Groww’s proprietary trading platform, Groww (web and mobile trading app),provides its investors with a flawless trading experience.
| 5 Paisa | Groww | |
| Broker Type | Discount Broker | Discount Broker |
| Year Of Incorporation | 1996 | 2016 |
| Exchane Of Membership | NSE and BSE | NSE, BSE SENSEX & NIFTY |
| Founder | Nirmal Jain | Pravin jadhav |
| Number of Branches | 1 | Not have any branches,it is a online trading platform,head office banglore India |
| Founder | Mr.Nirmal Jain | Neeraj Singh |
5 Paisa vs Groww Charges
| Charges | 5 Paisa | Groww |
| Call and Trade Charge | Rs 100 Per Call (any Number of Trades in a Call | Additional Rs 50 per order |
| Minimum Brokerage Charges | Rs 20 per trade | Rs 20 or 0.05 % per order( whichever is lower) |
5 Paisa vs Groww Offers
| Offers | 5 Paisa | Groww |
| Free AMC | ||
| Free Brokerage | ||
| Free Account opening charge | ||
| Flat brokerage | Yes But limited | |
| Flexible brokerage plan | ||
| Free Delivery charges | ||
| Free Intraday | ||
| Margin Funding and Pledging | ||
| Free F & O trading | ||
| Refferal offers | 12.5% + Rs.100 Referral Credit per Client | Not Available |
| Brokerage cashback | ||
| Zero Brokerage for Loss Making Trades | ||
| Free trading calls | ||
| Free Research report | ||
5 Paisa vs Groww Product Provided
| Type | 5 Paisa | Groww |
| Equity Delivery | ||
| Equity Intraday | ||
| Equity Option | ||
| Equity Future | ||
| Currency Option | ||
| Currency Future | ||
| Commodity options | ||
| Commodity Future | ||
| Mutual Funds | ||
| Foreign stocks | ||
| Banking | ||
| Insurance | ||
| Digital gold | ||
| Govt./ Corporate Bonds | ||
Comparison of 5Paisa vs Groww Advisory Services
| Services | 5 Paisa | Groww |
| IPO SERVICE | ||
| Weekly review and robo advisory | ||
| Daily Top stock picks and Stock Tips | ||
| Company / Annual report | ||
| Stock recommendation and Research report | ||
| Trading institution | (Fine School) | |
| PMS or PCG | ||
| Intraday service | ||
| Share Pledging | ||
| DEMAT service and Trading service | ||
| NRI Service | ||
| 3 in 1 Account | ||
Features Of 5Paisa And Groww
5paisa’s trading platforms include 5paisa Trade Station (web, mobile app, and EXE). Paytm Money provides Groww caters to experienced traders by offering comprehensive charting tools, a variety of order types, and fast execution. It provides a professional edition with more features and interaction with third-party solutions.The table below shows features of both the platform.
| Features | 5 Paisa | Groww |
| Charts | ||
| Automated Trading | ||
| 3 in 1 Account | ||
| SMS Alerts | ] | |
| Margin Against Shares (Equity Cash) | ||
| Margin Against Shares (Equity F&O) | ||
| Online Portfolio | 5paisa Trade Station (Web, Mobile App and EXE) | Groww |
| Online Demo | ||
| Trading In SME Shares Allowed? | NA | |
| Intraday Square-off Time | Optimum Plan: 3:10 PM, Platinum Plan: 3:20 PM | 3:10 PM |
| Global indices | ||
| Real time update | ||
| Stock tips | ||
| Multi Profile Management | ||
| Online MF Buy | ||
| Interactive charts | ||
5Paisa vs Groww Account And AMC Charges
For Registering a 5paisa trading account the costs is Rs 0 (free), however registering a Dhan account costs Rs0. The AMC charges for 5paisa Demat Account are Rs 300, while Dhan Account AMC charges are Rs0 (free). Below the table shows Demat and Trading Account Charges.
While Groww has Rs.0 annual maintenance cost (AMC) for trading accounts, butcharges a ₹0 yearly fee for DEMAT accounts. Many investors favour itbecause of its competitive cost, user-friendly layout, and excellent customer service.
| Type | 5 Paisa | Groww |
| Demat Account Opening Charges | Rs 0 ( free ) | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 300 | Rs 0 (Free) |
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 (Free) | Rs 0 (Free) |
Comparison Of 5Paisa vs Groww Brokerage Charges
5paisa provides flat brokerage fees, competitive pricing for stocks and derivatives, and free brokerage on mutual funds.whereas Groww costs Rs 20 per completed transaction or 0.05%, whichever is lesser , Below the table shows brokerage charges.
| Brokerage charges | 5 Paisa | Groww |
| 1) Equity Delivery | Rs.20 per Trade | Rs.20 per Trade or 2.5%, whichever is low |
| 2) Equity Intraday | Rs.20 per Trade | Rs.20 per Trade or 0.05%(whichever is low) |
| 3) Equity Option | Rs.20 per Trade | Rs 20 per executed plan/order |
| 4) Equity Future | Rs.20 per Trade | Rs 20 per executed plan/ order or .03% whichever is lesser |
| 5) Currency Option | Rs.20 per Trade | Rs 20 per executed plan/order |
| 6) Currency Future | Rs.20 per Trade | Rs 20 per executed plan/order or .05% whichever is lesser |
| 7) Commodity options | Rs.20 per Trade | Rs 20 per executed plan/order |
| 8) Commodity Future | Rs.20 per Trade | Rs 20 per executed plan/ order or .05% whichever is lesser |
5Paisa vs Groww Brokerage Plan 2
| Brokerage plan | 5 Paisa Power invester pack | Groww |
| 1) Equity Delivery | Rs 10 per plan order | Rs.20 per Trade or 2.5%, whichever is low |
| 2) Equity Intraday | Rs 10 per executed order | Rs.20 per Trade or 0.05%(whichever is low) |
| 3) Equity Option | Rs 10 per executed order | Rs 20 per executed plan/order |
| 4) Equity Future | Rs 10 per executed order | Rs 20 per executed plan/ order or .03% whichever is lesser |
| 5) Currency option | Rs 10 per executed order | Rs 20 per executed plan/order |
| 6) Currency Future | Rs 10 per executed order | Rs 20 per executed plan/order or .03% whichever is lesserr |
| 7) Commodity options | Rs 10 per executed order | Rs 20 per executed plan/order |
| 8) Commodity Future | Rs 10 per executed order | Rs 20 per executed plan/ order or .05% whichever is lesser |
| 9) Fixed charge | Rs 599 per month | NA ( not available ) |
5Paisa vs Groww Leverage Margin
The 5paisa margin for intraday trading is up to 20% of the trade value (5x leverage)
depending on the stock, while the Paytm Money margin for intraday cash is likewise up to
20% of the trade value (5x leverage)
| Money Leverage | 5 Paisa | Groww |
| Equity Intraday | Up to 20% of Trade Value (5x leverage) | 100% of trade value (1x leverage) |
| Equity Delivery | 100% of Trade Value (1x Leverage) | Up to 20% of trade value (5x leverage) |
| F & O ( Equity, currency, commodity) | 100% of NRML Margin (Span + Exposure) (1x Leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
5Paisa vs Groww Investment Option
- Groww: For investment Groww offers: stock equity, currency, commodity, ipo, mutual fund it don’t offer investment in Bond/NCD and debt type .
- 5Paisa : For investment 5Paisa offers: stock equity, currency, commodity, ipo, mutual fund it offer,s investment in Bond/NCD and debt type .
5Paisa vs Groww Pros And Cons
Pros:
| 5PAISA | Groww |
| 1)Trading terminals and the 5paisa smartphone app are examples of free trading software. 2)Direct mutual funds without brokerage fees. 3) Brokerage with a flat fee. Only pay Rs. 20 for each completed order. Concerns regarding the trade’s size are over | 1)No setup costs for accounts. No Upkeep Fees. 2)A direct mutual fund platform that increases your returns by 1.5%. 3)Free investing in mutual funds with no additional fees. 4)E-books, resources, and blogs that offer stock market information and fundamentals to assist investors in making well-informed decisions. 5)Instantaneous account opening without paper work and online application for an IPO. 6)Digital gold and US stocks may be invested in online using the in-house brokerage calculator. Additional goods (FD, derivatives) in the works. |
Cons:
| 5 Paisa | Groww |
| 1)In addition to the commission, Call & Trade costs Rs 100 each call. In a single call, any number of deals may be made. 2)Research and advisory is available at extra cost. 3)Exchange turnover fees are higher than those of other well-known bargain stock brokers. 4)NRI Trading and Demat Account is not available. | 1)Restricted investment goods withoutthe ability to trade in the currency,commodities, or derivatives (futures &options) segments at this time. 2)Trade and No Call services alsoThere is no branch support providedand it doesn’t offer research reports,stock suggestions, orrecommendations. 3)Doesn’t provide SME share trading. 4)No facility for margin trading with Nomargin required against shares. 5)Not accessible are advanced ordertypes like BO, CO, AMO, and GTT. 6)Do not offer NRI Trading.7)Branch support not available. |
Comparison 5Paisa vs Groww Transaction Charges
5paisa transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium) Firstly the transaction charges of Firstly the transaction charges of GROWW is Flat fee of ₹ 20 or 0.05% (whichever is less)
for each executed order in Intraday Commodities, Currency, and Equities Trading , also The exchange costs foroptions on Groww are as follows: NSE Rs 325 per crore (0.00325%) | BSE Rs 375 per crore (0.00725%) (plus premium)
Review of 5Paisa vs Groww Trading Platform
| Rating | 5 Paisa | Groww |
| Customer Service | 6.5/10 | 6/10 |
| AMC Fees | 7/10 | 9/10 |
| Brokerage | 8.5/10 | 6.5/10 |
| Trading Platform | 7/10 | 8.5 /10 |
| Research Capabilities | 8.5/10 | 7/10 |
| Overall Ratings | 7/10 | 8/10 |
| t |
Complaints Comparison Of 5Paisa vs Groww
The table below shows Total Complaints Lodged, Resolved and their percentage.
| Complaints | 5 Paisa | Groww |
| Total complaints lodged | 175 | 180 |
| Total complaints resolved | 145 | 162 |
| % of complaints resolved | 80.40% | 86.30% |
| Non actionable complaints | 20% | 9 |
| % of non actionable complaints | 16 % | 5.0% |
| t |
Conclusion: For traders and investors, 5paisa and Groww both provide
competitive services. For active traders, Groww is the best alternative because it offers a
wide selection of investment possibilities, sophisticated research tools, and affordable
brokerage costs. 5Paisa is a cost-effective option that appeals to convenience
seekers and novice investors alike because of its user-friendly design and smooth
integration with Groww ecosystem. In the end, Groww is ideal for novices and those
who value simplicity and convenience of use in their investing journey, whereas 5paisa is
more appropriate for seasoned traders who need extensive tools.
Customers support
5 PAISA:- +918976689766
Email ID:- support@5paisa.com
Groww :- +91 9108800000 Groww Support Email : Support@Groww.com
Client can contact this email for clearing their doubt.
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