5Paisa vs HDFC Securities Reviews 2024 | Which Is Better
|5Paisa vs HDFC Securities
Groww , founded in 2016, is a discount broker. It supports trading on the NSE and BSE. It has 0 branches in India. Full Service Broker HDFC Securities was founded in 2000. It provides trading on the The, Multi Commodity Exchange, NSE (national stock exchange) ,and BSE ( Bombay stock exchange) .There are 270 of its branches in India
5Paisa
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 onlinetrading 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.
HDFC Securities
HDFC Securities, one of India’s top full-service stock brokers, was founded in 2000. One of HDFC Bank’s subsidiaries is HDFC Securities. The firm facilitates trading and investing in stocks, bonds, futures, options, buybacks, mutual funds, initial public offerings (IPOs), commodities, currency derivatives, stock portfolios, and more for its clientele. A registered broker with SEBI, HDFC Securities is also affiliated with the BSE,
NSE, MCX, CDSL, and NSDL.
HDFC Securities serves more than 1,800,000 + clients in a variety of industries and offers
more than 30 Also its provides service through Over 270 branches of the organisation which
are located throughout India. The lowest broking fees are charged by HDFC Securities,
which costs Rs 20 per transaction for trading in derivatives and 0.10% per deal for equity
delivery. A 3-in-1 account that combines a savings bank, trading, and a Demat account is
provided by HDFC Securities.
5Paisa | HDFC Securities | |
Establishment Year | 1996 | 2000 |
Founder | Nirmal Jain | Dhiraj Relli |
Exchange of Membership | NSE and BSE | BSE & NSE. |
Broker Type | Discount Broker | Full Service Broker |
Branches | 1 | 270 |
5Paisa vs HDFC Securities Charges
5Paisa vs HDFC Securities Offers
5Paisa vs HDFC Securities Product Provided
5Paisa vs HDFC Securities Advisory Services Provided
Features Of 5Paisa vs HDFC Securities
5Paisa vs HDFC Securities Demat And AMC Charges
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.. The opening Charge for an HDFC Securities account requires Rs 999. The AMC charges Rs 750 for HDFC Securities Demat Accounts. Below the table shows Demat account charges of both the platform.
Charges | 5Paisa | HDFC Securities |
Demat Account Opening Charges | Rs.0 (Free) | Rs 199 |
Demat Account AMC Charges | Rs 300 | Rs. 750 |
Trading Account Opening Charges | Rs. 0 (Free) | Rs. 900 |
Trading Account AMC Charges | Rs. 0 (Free) | Rs. 0 (Free) |
5Paisa vs HDFC Securities Brokerage Charges
5paisa provides flat brokerage fees, competitive pricing for stocks and derivatives, and free brokerage on mutual funds, whereas HDFC Securities charges 0.32% for equity broking and 0.032% for intraday trading. Special Offer: Invest in Equity Delivery and Direct Mutual Funds without paying any broking fees. Intra-day and F&O trades are charged a flat rate of Rs 20.Below the table shows brokerage charges of both the platforms.
Brokerage Plan 1 .
Brokerage Plan 2.
5Paisa vs HDFC Securities Leverage (Margin)
The 5paisa margin for intraday trading is up to 20% of the trade value (5x leverage) depending on the stock,, whereas HDFC Securities’ margin for intraday cash is likewise up to 20% of the trade value (5x leverage). Below the table shows leverage margin of both platform.
5Paisa vs HDFC Securities Pros And Cons
Pros:
5Paisa | HDFC Securities |
1)Trading terminals and the 5paisa smartphone app are examples of free trading software. 2)Direct mutual funds withoutbrokerage fees. 3) Brokerage with a flat fee. Only pay Rs. 20 for each completedorder. Concerns regarding thetrade’s size are over | 1)It offers the simplest method formaking stock market and otherfinancial instrument investments. 2) The greatest option available toIndian retail investors is the 3-in-1account, which consists of an HDFCBank Account, an HDFC SecuritiesTrading Account, and an HDFCSecurities Demat Account. |
Cons:
5Paisa | HDFC Securities |
1)In addition to the commission,Call & Trade costs Rs 100 eachcall. In a single call, any number of deals may be made. 2)Research and advisory isavailable at extra cost. 3)Exchange turnover fees arehigher than those of otherwell-known bargain stock brokers. 4)NRI Trading and Demat Accountis not available. | 1)Together with opening a tradingaccount with HDFC Securities Ltd,you will also need to open a DP(depository participant) account withHDFC Bank and a savings bankaccount with a minimum quarterlyamount of Rs 5000. 2) It Charges minimum brokerage ofRs 25 also very high brokeragecharges. |
Complaints Of 5Paisa vs HDFC Securities
5Paisa received 175 complaints and resolved 145. whereas HDFC Securities received 130 complaints and resolved 105. This shows that HDFC Securities performs better in terms of customer service than 5Paisa . as seen by the fact that it has a higher complaint resolution rate and fewer complaints overall.
5Paisa vs HDFC Securities Transactions Charges
Below the table shows Equity Intraday, Equity Delivery, Equity Option , Future and
Commodity options/ Future and Currency Option/Future Transaction charges of both the
platform.
Review Comparison Of 5Paisa vs HDFC Securities By Customer
5Paisa is rated 6 of 10 , whereas HDFC Securities is rated 7 of 10
Rating | 5Paisa | HDFC Securities |
Brokerage | 9/10 | 8/10 |
Customers Service | 5/10 | 7/10 |
Fees | 6/10 | 6.5/10 |
Trading Platform | 7/10 | 7/10 |
Research | 5.5/10 | 5.510 |
Broker Rating | 6/10 | 6/10 |
Overall Rating | 610 | 7/10 |
Conclusion: For traders and investors, 5paisa 5Paisa is a cost-effective option that appeals to convenience
seekers and novice investors5paisa is more appropriate for seasoned traders who need extensive tools..HDFC Securities are India’s major broking houses, providing comprehensive trading and investment services. HDFC Securities provides affordable broking rates, a dynamic trading platform, and robust research help. HDFC Securities is a better option for cost-conscious traders looking for efficient services. Finally, the decision is based on personal objectives such as cost, service quality, and platform usability.
Customer Care Number/Email
5 PAISA:- +918976689766
HDFC Securities : +91 2239019400
Client can contact this number for clearing your doubt.
5Paisa :- support@5paisa.com
Support Email HDFC Securities : infodp@hdfcbank.com
Client can contact on this email for clearing your doubt.