ICICI Direct vs 5Paisa Review 2024 | Which Is Better
ICICI Direct vs 5Paisa
ICICI direct, founded in 1994, is a full-service broker. It offers trading on the BSE and NSE , It offers trading on the BSE and NSE. It operates 154 branches across India. 5Paisa , founded in 2007,There are 4 of its branch in India is a discount broker. It supports trading on the NSE and BSE. It has one branch across India.
ICICI Direct
One of the biggest retail stock brokers in India is ICICIdirect. It is a member of the Group ICICI. More than 50 lakh consumers can take advantage of its online trading and investing services. Equity, commodity, and currency trading at the BSE, NSE, and MCX are among the services provided. The company also provides wealth products, home loans, loans against securities, fixed deposits, bonds, NCDs, mutual funds, and initial public offerings (IPOs). The most well-liked offering from ICICI Direct is its 3-in-1 account. In addition to many other features and products, ICICIdirect offers One Click Equity, Margin Trading Funding (MTF), Smart Trading features, Systematic Equity Plan, and easy equity
investment.
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 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.
| ICICI Direct | 5Paisa | |
| Establishment Year | 1994 | 1996 |
| Founder | Vjay Chandok | Nirmal Jain |
| Exchange of Membership | BSE, NSE | NSE , BSE |
| Broker Type | Full Service | Discount Broker |
| Company Type | Public | Private |
| Branches | 154 | 1 |
ICICI Direct vs 5Paisa Charges
| Charges | ICICI Direct | 5Paisa |
| Trade and Call Charge | Rs 50 per trade | Rs 100 Per Call (any Number of Trades in a Call |
| Minimum Brokerage Charges | Rs 35 per trade (I-Secure Plan) | Rs 20 per trade |
| Other Charges | Margin Trading Interest: 0.025% Per day | NA |
ICICI Direct vs 5Paisa Offers
ICICI Direct vs 5Paisa Product Provided
| Type | ICICI Direct | 5Paisa |
| 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. Bonds | ||
| Corporate Bonds | ||
ICICI Direct vs 5Paisa Advisory Services Provided
| Type | ICICI Direct | 5Paisa |
| IPO Service | ||
| Weekly and Monthly Review | ||
| Daily Stock Picks and Stock Tips | ||
| PMS or PCG | ||
| Trading Institution | (Fine School) | |
| Demat and Trading Service | ||
| Intraday Service | ||
| Share Pledging | ||
| NRI Service | ||
| 3 In 1 Account | ||
| Company and Annual Report | ||
| Stock Recommendation and Research report | ||
Features Of ICICI Direct vs 5Paisa
ICICI Direct vs 5Paisa Demat And AMC Charges
The opening fee for an ICICI direct trading account is Rs 0 (free), The AMC charges for ICICIdirect Demat Accounts are Rs 300 (beginning with the second year) and Rs 750 for . While 5Paisa has Rs.300 annual maintenance cost (AMC) for trading accounts Many investors favour it because of its competitive cost, user-friendly layout, and excellent customer service.
| Charges | ICICI Direct | 5Paisa |
| Demat Account Opening Charges | Rs.0 (Free) | Rs 0 (Free) |
| Demat Account AMC Charges | Rs. 300 (from 2nd year) | Rs.300 |
| Trading Account Opening Charges | Rs. 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs. 0 (Free) | Rs. 0 (Free) |
ICICI Direct vs 5Paisa Brokerage Charges
ICICIdirect costs 0.55% for equity broking and Rs 20 for intraday orders,whereas 5paisa provides flat brokerage fees, competitive pricing for stocks and derivatives, and free brokerage on mutual funds. With an emphasis on affordability for regular investors . 5Paisa Provide 2 Super Saving Packs ( Power investor Pack & Ultra Trader Pack ) For saving Our Brokerage Charges And Other Charges .The table below shows brokerage charges of both the platform. Below the table shows brokerage charges of both the platforms.
| Brokerage Charges | ICICI Direct | 5Paisa |
| Brokerage Plan | Neo Plan | Flat Brokerage |
| Equity Delivery | 0.27% of Total Transaction | Rs.20 per Trade |
| Equity Intraday | Rs. 20 per Trade | Rs.20 per Trade |
| Equity Option | Rs. 20 per Trade | Rs.20 per Trade |
| Equity Future | Free | Rs 20 per executed plan/ order or .03% whichever is lesser |
| Currency Option | Rs. 20 per Trade | Rs.20 per Trade |
| Currency Future | Rs. 20 per Trade | Rs.20 per Trade |
| Commodity Option | Rs. 20 per Trade | Rs.20 per Trade |
| Commodity Future | Rs. 20 per Trade | Rs.20 per Trade |
ICICI Direct vs 5Paisa Leverage (Margin)
ICICI direct’s margin for intraday trading is up to 20% of the transaction value (5x leverage) based on the stock, whereas while the 5Paisa offers up to 20% of the trade value (5x leverage) for intraday cash
transactions, whereas One margin for intraday trading allows up to 20% of the trade value
(5x leverage) depending on the stock . Below the table shows leverage margin of both platform.
| Leverage | ICICI Direct | 5Paisa |
| Equity Delivery | 100% of trade value (1x leverage) | Up to 20% of Trade Value (5x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | 100% of Trade Value (1x Leverage) |
| F&O (Currency, Equity, Commodity) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML Margin (Span + Exposure) (1x Leverage) |
ICICI Direct vs 5Paisa Pros And Cons
Pros:
| ICICI Direct | 5Paisa |
| 1)Offers a low bandwidth website that performs effectively on sluggish internet connections. 2) Provides a 3-in-1 account that simplifies stock market investing for novice investors. 3) Several investment possibilities are offered through a single platform. 4) GTC (good till cancellation) and off-market hours order placement facility is very useful. | 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 |
Cons:
| ICICI Direct | 5Paisa |
| 1)Minimum broking’ is set at an extremely high Rs 35 per trade, or 2.5% of the deal amount, whichever is Also There have been reports of a website that performs poorly during business hours. 2) A Demat account is required. 3) IF the broking paid in a month is less than Rs 750, the Trading Terminal (Trade Racer) costs Rs 75 per month. 4) Compared to most Indian retail brokers, ICICI Security charges the highest broking. 5) It charges Call & trade cost extra Rs 50 per trade in Neo/Prime Plans | 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. |
ICICI Direct vs 5Paisa Transactions Charges
ICICI direct transaction charges for options are NSE Rs 5000 per crore (0.05%) | BSE Rs 3700 per crore (0.037%) (based on premium). Firstly the transaction charges of 5Paisa 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 for options on 5Paisa are as follows: 5Paisa is Flat fee of ₹ 20 or 0.05% (whichever is less) NSE Rs 5000 per crore (0.0505%) |BSE Rs 3750 per crore (0.005%) (plus premium). The table shows some of its transaction charges:
| Transaction Charges | ICICI Direct | 5Paisa |
| Equity Delivery | 0.00325% (NSE) & As per Stock (BSE) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (Each Side) |
| Equity Intraday | 0.00325% (NSE) & As per Stock (BSE) | NSE Rs 325 per Cr(0.00325%) | BSE Rs 375per Cr (0.00375%) (Sell Side) |
| Equity Option | 0.053% (on premium) | NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (On Premium). |
| Equity Future | 0.0019% (NSE & BSE) | NSE Rs 3500 per Cr(0.035%) | BSE Rs 100per Cr (0.001%) (onpremium). |
| Currency Option | 0.035% (NSE) & 0.001% (BSE) | NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%) |
| Currency Future | 0.0009% (NSE) & 0.00022% (BSE) | Group A – Rs 290 per Cr(0.0029%) |
| Commodity Option | 0.05% (Non Agri) | 0.05% (Non Agri) |
| Commodity Future | 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special) | Group A – Rs 290 per Cr (0.0029%) |
Complaints Of ICICI Direct vs 5Paisa
The table below shows Total Complaints Lodged, Resolved and their percentage.
| Complaints | ICICI Direct | 5Paisa |
| Total Complaints Lodged | 400 | 289 |
| Total Complaints Resolved | 335 | 145 |
| % Of Total Complaints Resolved | 85.62% | 80.40% |
| Non Actionable Complaints | 18 | 35 |
| % Of Non Actionable Complaints | 4.00% | 16% |
Review Comparison Of ICICI Direct vs 5Paisa By Customer
CICI direct is rated 7 of 10 , whereas Groww is rated 8 of 10
| Rating | ICICI Direct | 5Paisa |
| Customer Services | 6.5/10 | 7.5/10 |
| Fees | 6 /10 | 8/10 |
| Brokerage Charges | 6.5/10 | 8/10 |
| Trade and Call Charges | 7/10 | 6.5/10 |
| Research Capabilities | 7.5/10 | 6/10 |
| Overall Rating | 7/10 | 8/10 |
Conclusion: Both ICICI Direct is India’s major broking houses, providing comprehensive trading and investment services. ICICI Direct offers a user-friendly platform, substantial research reports, and excellent customer service. 5Paisa offers sophisticated trading tools,affordable brokerage costs, and a feature-rich software ideal for aggressive traders 5Paisa sophisticated choices and cheaper prices give it a minor advantage. In the end, 5Paisa is a better for seasoned traders looking for extensive tools and reduced prices . Finally, the decision is based on personal objectives such as cost, service quality, and platform usability.
Customer Care Number/Email
ICICI Direct : +91 1860123112
5 PAISA:- +918976689766
Client can contact this number for clearing your doubt.
Support Email ICICI Direct : helpdesk@icicidirect.com
5Paisa Email:-Email ID:- support@5paisa.com
Client can contact this email for clearing your doubt.
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