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5Paisa vs. Tradeplus

All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.

Among the best stockbrokers in India, two top names are 5Paisa and Tradeplus. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of 5Paisa and Tradeplus.


Overview

5Paisa and Tradeplus are both public companies and both are discount brokers as well. Nirmal Jain & Rajamani Venkataraman co-founded 5Paisa in 2007. And Tradeplus was founded in the year 1995 by Jawahar Vadivelu. 5Paisa's headquarters are in Mumbai, India and Tradeplus's headquarters are in Chennai.

Discount brokers, as the name implies, execute buy/sell orders for a lesser commission rate. They usually impose a flat brokerage fee. Investors can save a significant amount of money if they do not use a full-service broker. 5Paisa is registered in NSE, BSE, while Tradeplus is registered in BSE, NSE, MCX. The total branches of 5Paisa are 900 and the Tradeplus branches are Nil.

Overview5PaisaTradeplus
Broker TypeDiscount BrokerDiscount Broker
Type of companyPublicPublic
HeadquarterMumbai, IndiaChennai
FoundersNirmal Jain & Rajamani VenkataramanJawahar Vadivelu
Foundation Year20071995
Supported ExchangesNSE, BSEBSE, NSE, MCX
Total branches900Nil

5Paisa and Tradeplus Trading Account Opening and Demat Charges

A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).

Account opening fees for various brokers range from 0 to Rs.200, with 5Paisa charging Rs.650 and Tradeplus charging NA.

When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the 5Paisa Demat account is Rs.400 per Annum and for the Tradeplus Demat account is NA. The Trading AMC for 5Paisa and Tradeplus is free. And the margin money for both brokers is also zero.

As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both 5Paisa and Tradeplus is CDSL.

Account Opening and Demat Charges5PaisaTradeplus
Trading Account Opening ChargesRs.650NA
Demat AMC (Annual Maintenance Charges)Rs.400 per AnnumNA
Trading AMC (Annual Maintenance Charges)FreeRs.650 (with GST)
Margin MoneyZeroYes
Offline to Online ChargesNot applicableYes
DepositoryCDSLCDSL

5Paisa and Tradeplus Equity Brokerage Charges

There are more charges that a broker charges for equity transactions.

Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for 5Paisa is Free, while Tradeplus charges you Free.

Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for 5Paisa is Rs.20 Per Order and for Tradeplus also, it is Flexi Scheme Lower of : Rs. 9 per traded order or 0.01%.

Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. 5Paisa charge Rs.20 Per Order and Tradeplus charge Flat Zero brokerage Scheme (Rs. 799 /month), Flexi Scheme (Rs. 9 per trade) for equity futures.

Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, 5Paisa charges Rs.20 Per Order, and Tradeplus charges Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade).

Equity Brokerage Charges5PaisaTradeplus
Equity Delivery BrokerageFreeFree
Equity Intraday BrokerageRs.20 Per OrderFlexi Scheme Lower of : Rs. 9 per traded order or 0.01%
Equity Futures BrokerageRs.20 Per OrderFlat Zero brokerage Scheme (Rs. 799 /month), Flexi Scheme (Rs. 9 per trade)
Equity Options BrokerageRs.20 Per OrderFlat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade)

5Paisa and Tradeplus Currency Brokerage Charges

Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.

Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for 5Paisa is Rs.20 Per Order and for Tradeplus is Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade).

Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. 5Paisa charges Rs.20 Per Order for currency options, whereas 5Paisa charges Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade).

Currency Brokerage Charges5PaisaTradeplus
Currency Futures BrokerageRs.20 Per OrderFlat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade)
Currency Options BrokerageRs.20 Per OrderFlat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade)

5Paisa and Tradeplus Commodity Brokerage Charges

Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. 5Paisa charges Rs.20 Per Order for commodity trading, while Tradeplus charges Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade).

Commodity Brokerage Charges5PaisaTradeplus
Commodity Options BrokerageRs.20 Per OrderFlat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade)

5Paisa and Tradeplus Other Charges

Here are some other broker charges that should know about -

Minimum Broker Charges: 5Paisa levies a minimum brokerage fee of Rs.20 Per Order, while Tradeplus charges Zero brokerage fee.

Transaction Brokerage Charges: 5Paisa levies a transaction brokerage charge of 0.00325% of Total Turnover, while Tradeplus charges 0.00325% of Total Turnover.

SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for 5Paisa is 0.0002% of Total Turnover and for 5Paisa is Rs.10 per crore.

Stamp Duty Charges: This fee is charged as per the state and asset class.

GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)

STT (Securities Transaction Tax): The STT charges for 5Paisa are 0.0126% of Total Turnover, while for Tradeplus, they are 0.0126% of Total Turnover.

Call and Trade Charges: This charge varies for different brokers. 5Paisa charges Rs 100 per call (any number of trades in a call) and Tradeplus charges Flat Rs 75 per day.

Other Brokerage Charges5PaisaTradeplus
Minimum Brokerage ChargesRs.20 Per OrderZero
Transaction Brokerage Charges0.00325% of Total Turnover0.00325% of Total Turnover
SEBI Turnover Charges0.0002% of Total TurnoverRs.10 per crore
Stamp Duty ChargesAs per the stateAs per the state
GST Charges18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover0.0126% of Total Turnover
Call and Trade ChargesRs 100 per call (any number of trades in a call)Flat Rs 75 per day

5Paisa and Tradeplus Equity Exposure/Leverage

With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.

Equity Delivery: Leverage provided for Equity Delivery by 5Paisa is up to Upto 5x and by Tradeplus it is up to Upto 4x.

Equity Intraday: Leverage for equity intraday by 5Paisa is up to Upto 35x and by Tradeplus it is up to Upto 20x.

Equity Futures: Leverage for Equity Futures by 5Paisa is up to Upto 8x and by Tradeplus it is up to Intraday leverage 2X | Cover Order Margin 3%.

Equity Options: Leverage for Equity Options by 5Paisa is up to Upto 12x and by Tradeplus also, it is up to Intraday Leverage of 2X.

Equity Leverage5PaisaTradeplus
Equity DeliveryUpto 5xUpto 4x
Equity IntradayUpto 35xUpto 20x
Equity FuturesUpto 8xIntraday leverage 2X | Cover Order Margin 3%
Equity OptionsUpto 12xIntraday Leverage of 2X

5Paisa and Tradeplus Currency Leverage

The currency futures leverage provided by 5Paisa is up to Upto 6x, while for Tradeplus it is up to Intraday Leverage of 2X.

The currency options leverage provided by 5Paisa is up to Upto 10x, while for Tradeplus it is up to 1X.

Currency Leverage5PaisaTradeplus
Currency FuturesUpto 6xIntraday Leverage of 2X
Currency OptionsUpto 10x1X

5Paisa and Tradeplus Commodity Leverage

The commodity leverage provided by 5Paisa is up to Upto 10x, while for Tradeplus it is up to NA.

Commodity Leverage5PaisaTradeplus
CommodityUpto 10xNA

5Paisa and Tradeplus Offers

Brokers offer various exciting offers to entice new customers. Here are some of them:

Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.

Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.

Brokerage Discounts: Coupons providing up to 50% discount at their rates.

Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.

1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.

Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.

Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.

Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.

Offers5PaisaTradeplus
Free Stock Trading AccountYesNo
Free Demat AccountNoYes
Flexible PlansNoNo
Brokerage DiscountsYesYes
Happy HoursNoNo
1 Month Free PlanNoNo
Holiday OffersNoNo
Referral ProgramNoNo
Zero Brokerage on Loss TradesNoNo

5Paisa and Tradeplus Features

Equity Trading: 5Paisa and Tradeplus brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.

Currency and Commodity Trading: 5Paisa and Tradeplus also offer you to trade in currency and commodities.

Initial Public Offering (IPOs): One of the greatest advantages of 5Paisa and Tradeplus broker is that you can also invest in IPOs. 5Paisa also has an added advantage that they provide you with robo-advisory services as well.

Trading Exposure: Different brokers provide different trading exposures. 5Paisa offers trading exposure of up to Upto 35x, while Tradeplus gives up to Upto 30x.

Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With 5Paisa and Tradeplus, you can invest in mutual funds through SIP and Lumpsum.

Forex Trading: With Forex Trading, you can trade in various international currencies. 5Paisa and Tradeplus also allow you to trade in forex trading.

Features5PaisaTradeplus
Equity Delivery TradingNoYes
Equity Intraday TradingYesYes
Equity Futures TradingNoYes
Equity Options TradingNoYes
Currency TradingNoYes
Commodity TradingNoYes
IPO (Initial public offering)NoYes
Stocks SuggestionsNoNo
Robo AdvisoryNoYes
PMS (Portfolio Management Services)NoNo
Trading InstitutionNoNo
Trading ExposureUpto 35xUpto 30x
Mutual FundsNoYes
SIP (Systematic Investment Plan)NoNo
Forex TradingNoNo
BankingNoNo
InsuranceNoYes

5Paisa and Tradeplus Advisory Services

Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-

Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.

Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. 5Paisa and Tradeplus offer you in-depth research reports.

Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.

Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.

Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.

Advisory Services5PaisaTradeplus
Fundamental ReportsNoNo
Research ReportsYesNo
Company ReportsNoNo
Annual ReportsNoNo
Company Stock ReviewNoNo
Free Stock TipsNoNo
IPO ReportsNoNo
Top PicksYesYes
Daily Market ReviewNoNo
Monthly ReportsNoNo
Weekly reportsNoNo
Offline AdvisoryNoNo
Relationship ManagerNoNo

5Paisa and Tradeplus Desktop Trading Platforms

A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. 5Paisa and Tradeplus offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.

Desktop Trading Platforms5PaisaTradeplus
WindowsYesYes
MacYesYes
Desktop BrowserYesYes

5Paisa and Tradeplus Mobile Trading Platforms

5Paisa and Tradeplus offer you mobile trading platforms which can be used in iOS and Android applications.

Mobile Trading Platforms5PaisaTradeplus
Mobile BrowserYesYes
Android AppYesYes
iOS AppYesYes
Windows AppNoNo
Other mobile osNoNo

5Paisa and Tradeplus Customer Support

Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. 5Paisa and Tradeplus give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.

Customer Support Features5PaisaTradeplus
Relationship ManagerNoNo
Offline TradingNoNo
Online TradingYesYes
24 * 7 SupportYesYes
Email SupportYesYes
Chat SupportNoNo
Toll free numberNoNo
Support BranchesZero0

5Paisa and Tradeplus Customer Complaints

The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for 5Paisa and Tradeplus registered and resolved complaints.

For 5Paisa, the Percentage of resolved BSE complaints is 87.76 % and the Percentage of resolved NSE complaints is 97.46 %.

For Tradeplus, the Percentage of resolved BSE complaints is 50.00 % and the Percentage of resolved NSE complaints is 72.06 %.

We can say that 5Paisa is better than Tradeplus in case of resolving customer complaints.

BSE Complaints5PaisaTradeplus
BSE Complaints9838
BSE Resolved Complaints8619
Percentage of resolved BSE complaints87.76 %50.00 %
NSE Complaints236136
NSE Resolved Complaints23098
Percentage of resolved NSE complaints97.46 %72.06 %
BSE/NSE Complaint vs. Resolved Percentage92.61 %61.03 %

Frequently Asked Questions


  1. Is 5Paisa better than Tradeplus?

    5Paisa and Tradeplus are at the top among the best discount brokers. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.

  2. Is Tradeplus better than 5Paisa?

    Both Tradeplus and 5Paisa are discount brokers. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.

  3. Which is cheaper between 5Paisa and Tradeplus?

    The brokerage charges for 5Paisa and Tradeplus are on the cheaper side because they both are discount brokers. . In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.

  4. Which is better, 5Paisa and Tradeplus?

    To figure out which of the two stockbrokers, 5Paisa and Tradeplus, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.


Compare 5Paisa with other stock brokers

Visit the following pages to see a detailed comparision report of 5Paisa with other brokerage firms.


Compare Tradeplus with other stock brokers

Visit the following pages to see a detailed comparision report of Tradeplus with other brokerage firms.