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5Paisa vs. Tradeswift

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 Tradeswift. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of 5Paisa and Tradeswift.


Overview

5Paisa is public company and Tradeswift is private company. both are discount brokers as well. Nirmal Jain & Rajamani Venkataraman co-founded 5Paisa in 2007. And Tradeswift was founded in the year 2003 by Nishant Jain. 5Paisa's headquarters are in Mumbai, India and Tradeswift's headquarters are in Jaipur, Rajasthan.

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 Tradeswift is registered in NA. The total branches of 5Paisa are 900 and the Tradeswift branches are Nil.

Overview5PaisaTradeswift
Broker TypeDiscount BrokerDiscount Broker
Type of companyPublicPrivate
HeadquarterMumbai, IndiaJaipur, Rajasthan
FoundersNirmal Jain & Rajamani VenkataramanNishant Jain
Foundation Year20072003
Supported ExchangesNSE, BSENA
Total branches900Nil

5Paisa and Tradeswift 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 Tradeswift charging Rs.299.

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 Tradeswift Demat account is Free. The Trading AMC for 5Paisa and Tradeswift 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 Tradeswift is CDSL.

Account Opening and Demat Charges5PaisaTradeswift
Trading Account Opening ChargesRs.650Rs.299
Demat AMC (Annual Maintenance Charges)Rs.400 per AnnumFree
Trading AMC (Annual Maintenance Charges)FreeFree
Margin MoneyZeroZero Margin
Offline to Online ChargesNot applicableYes
DepositoryCDSLCDSL & NSDL

5Paisa and Tradeswift 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 Tradeswift charges you Rs.20 per Trade.

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 Tradeswift also, it is Rs.20 per Trade.

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 Tradeswift charge Rs.20 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 Tradeswift charges Rs.20 per Trade.

Equity Brokerage Charges5PaisaTradeswift
Equity Delivery BrokerageFreeRs.20 per Trade
Equity Intraday BrokerageRs.20 Per OrderRs.20 per Trade
Equity Futures BrokerageRs.20 Per OrderRs.20 per Trade
Equity Options BrokerageRs.20 Per OrderRs.20 per Trade

5Paisa and Tradeswift 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 Tradeswift is Rs.20 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 Rs.20 per Trade.

Currency Brokerage Charges5PaisaTradeswift
Currency Futures BrokerageRs.20 Per OrderRs.20 per Trade
Currency Options BrokerageRs.20 Per OrderRs.20 per Trade

5Paisa and Tradeswift 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 Tradeswift charges Rs.20 per Trade.

Commodity Brokerage Charges5PaisaTradeswift
Commodity Options BrokerageRs.20 Per OrderRs.20 per Trade

5Paisa and Tradeswift 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 Tradeswift charges Percentage of Transaction brokerage fee.

Transaction Brokerage Charges: 5Paisa levies a transaction brokerage charge of 0.00325% of Total Turnover, while Tradeswift charges 0.00315%.

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 0.0002% of Total Turnover .

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 Tradeswift, 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 Tradeswift charges NA.

Other Brokerage Charges5PaisaTradeswift
Minimum Brokerage ChargesRs.20 Per OrderPercentage of Transaction
Transaction Brokerage Charges0.00325% of Total Turnover0.00315%
SEBI Turnover Charges0.0002% of Total Turnover0.0002% of Total Turnover
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)NA

5Paisa and Tradeswift 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 Tradeswift it is up to Upto 2x.

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

Equity Futures: Leverage for Equity Futures by 5Paisa is up to Upto 8x and by Tradeswift it is up to Upto 2x.

Equity Options: Leverage for Equity Options by 5Paisa is up to Upto 12x and by Tradeswift also, it is up to Upto 6x.

Equity Leverage5PaisaTradeswift
Equity DeliveryUpto 5xUpto 2x
Equity IntradayUpto 35xUpto 5x
Equity FuturesUpto 8xUpto 2x
Equity OptionsUpto 12xUpto 6x

5Paisa and Tradeswift Currency Leverage

The currency futures leverage provided by 5Paisa is up to Upto 6x, while for Tradeswift it is up to Upto 2x.

The currency options leverage provided by 5Paisa is up to Upto 10x, while for Tradeswift it is up to Upto 4x.

Currency Leverage5PaisaTradeswift
Currency FuturesUpto 6xUpto 2x
Currency OptionsUpto 10xUpto 4x

5Paisa and Tradeswift Commodity Leverage

The commodity leverage provided by 5Paisa is up to Upto 10x, while for Tradeswift it is up to Upto 3x.

Commodity Leverage5PaisaTradeswift
CommodityUpto 10xUpto 3x

5Paisa and Tradeswift 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.

Offers5PaisaTradeswift
Free Stock Trading AccountYesYes
Free Demat AccountNoYes
Flexible PlansNoYes
Brokerage DiscountsYesYes
Happy HoursNoNo
1 Month Free PlanNoNo
Holiday OffersNoNo
Referral ProgramNoNo
Zero Brokerage on Loss TradesNoNo

5Paisa and Tradeswift Features

Equity Trading: 5Paisa and Tradeswift 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 Tradeswift also offer you to trade in currency and commodities.

Initial Public Offering (IPOs): One of the greatest advantages of 5Paisa and Tradeswift 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 Tradeswift gives up to Upto 5x.

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 Tradeswift, you can invest in mutual funds through SIP and Lumpsum.

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

Features5PaisaTradeswift
Equity Delivery TradingNoYes
Equity Intraday TradingYesYes
Equity Futures TradingNoYes
Equity Options TradingNoYes
Currency TradingNoYes
Commodity TradingNoYes
IPO (Initial public offering)NoNo
Stocks SuggestionsNoNo
Robo AdvisoryNoNo
PMS (Portfolio Management Services)NoNo
Trading InstitutionNoNo
Trading ExposureUpto 35xUpto 5x
Mutual FundsNoNo
SIP (Systematic Investment Plan)NoNo
Forex TradingNoNo
BankingNoNo
InsuranceNoNo

5Paisa and Tradeswift 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 Tradeswift 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 Services5PaisaTradeswift
Fundamental ReportsNoNo
Research ReportsYesYes
Company ReportsNoNo
Annual ReportsNoNo
Company Stock ReviewNoNo
Free Stock TipsNoYes
IPO ReportsNoYes
Top PicksYesYes
Daily Market ReviewNoYes
Monthly ReportsNoYes
Weekly reportsNoYes
Offline AdvisoryNoYes
Relationship ManagerNoYes

5Paisa and Tradeswift 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 Tradeswift 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 Platforms5PaisaTradeswift
WindowsYesYes
MacYesYes
Desktop BrowserYesYes

5Paisa and Tradeswift Mobile Trading Platforms

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

Mobile Trading Platforms5PaisaTradeswift
Mobile BrowserYesNo
Android AppYesYes
iOS AppYesYes
Windows AppNoNo
Other mobile osNoNo

5Paisa and Tradeswift 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 Tradeswift 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 Features5PaisaTradeswift
Relationship ManagerNoYes
Offline TradingNoYes
Online TradingYesYes
24 * 7 SupportYesNo
Email SupportYesYes
Chat SupportNoNo
Toll free numberNoNo
Support BranchesZero284

5Paisa and Tradeswift 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 Tradeswift 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 Tradeswift, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.

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

BSE Complaints5PaisaTradeswift
BSE Complaints980
BSE Resolved Complaints860
Percentage of resolved BSE complaints87.76 %NaN %
NSE Complaints2361
NSE Resolved Complaints2301
Percentage of resolved NSE complaints97.46 %100.00 %
BSE/NSE Complaint vs. Resolved Percentage92.61 %NaN %

Frequently Asked Questions


  1. Is 5Paisa better than Tradeswift?

    5Paisa and Tradeswift 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 Tradeswift better than 5Paisa?

    Both Tradeswift 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 Tradeswift?

    The brokerage charges for 5Paisa and Tradeswift 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 Tradeswift?

    To figure out which of the two stockbrokers, 5Paisa and Tradeswift, 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 Tradeswift with other stock brokers

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