Angel One Vs 5Paisa – Broker Comparison
Angel One vs 5Paisa Comparison: As of 2020, Angel One and 5Paisa are two of the leading discount brokers in India. Both of them have millions of clients and offer fast trading platforms & services. However, how do they differ and which one of them is better?
In this article, we are going to compare Angel One vs 5Paisa by looking into their brokerage charges, account opening charges, maintenance charges, exposure margin, trading platforms, pros, cons, and more. This comparison between Angel One vs 5Paisa will highlight the major differences between these two discount stockbrokers and help you choose the best between them based on your preferences.
Angel One Introduction
Incorporated in 1987, Angel One is a big brand having +30 Years of experience in the broker world and +1 million happy customers. They have a presence in over 1800+ cities in India and a strong network of 8500+ sub-brokers. Angel One offers the trading facility in Equity, F&O, Commodities, and currency across BSE, NSE, NCDEX & MCX.
In the past, Angel One worked as a full-service broker and offered a percentage based brokerage charge to its clients for over two decades. However, they recently changed their business model (Nov 2019) from percentage brokerage to flat rates to compete with rapidly growing discount brokers like Zerodha, 5Paisa, Upstox, etc.
Angel One now offers a flat rate brokerage plan, named ‘Angel iTrade PRIME’. Here, the delivery trading is FREE of cost. And for all other segments i.e. Intraday, F&O, Currencies & Commodities, they charge a fixed rate of ₹20 per trade. The same simple rate is applicable across all exchanges and segments.
One of the key advantages of trading with Angel One is that they provide investment advisory, guidance, and recommendations to their clients for investing in the stock market. Further, they also offer research reports on companies along with many other value-adding tools and services to their clients for free.
5 Paisa Introduction
5Paisa is a discount broker that provides you the platform to trade in stocks, futures, and options at the lowest cost of Rs 20 flat per trade, even if you trade for Rs 10 Crore. 5Paisa is a public company, which means that its stocks are traded on Bombay stock exchange and National stock exchange.
It is headquartered in Mumbai and is a part of India Infoline (IIFL), a leading non-banking financial institution in India with experience of over two decades (initially incorporated in 1995). 5paisa was relaunched with a new brokerage model for online retail broking services in late 2016. Later, it emerged from IIFL so that it can be listed on the stock exchanges. 5Paisa Capital started trading on NSE/BSE in November 2017, making it the first such listed financial digital marketplace.
5 Paisa Capital provides a platform for all financial products including equities, derivatives, commodities, mutual funds, AIFs, bonds & debentures, insurance, and personal loans. 5Paisa provides the trading facility in mobile, browser, and desktop platforms. The account opening process for 5Paisa is totally paperless based on Aadhaar.
Angel One vs 5Paisa – Broker Comparison
| Name | Angel One | 5 Paisa |
|---|---|---|
| About | Incorporated in 1987, Angel One is a big brand having +30 Years of experience in the broking world and +1 million happy customers. They have a presence in over 1800+ cities in India and a strong network of 8500+ sub-brokers. Angel One offers free delivery trades and flat charge of Rs 20 for all other trades | 5paisa.com, second largest discount broker in India, is part of IIFL group (India Infoline), India's leading financial services company. It offers a flat brokerage of Rs 20 per trade for its clients. |
| Founded | 1987 | 2016 |
| Company | Private | Public |
| Main Office | Mumbai | Mumbai |
| # of Active Clients on NSE (Nov 2019) | 4,12,809 | 1,06,280 |
| Broker Service | Full-Service Flat rate Broker | Discount Broker |
| Supported Exchange | NSE, BSE, MCX, NCDEX | NSE, BSE, MCX |
| Brokerage Summary | Free delivery trades and flat charge of Rs 20 for all other trades | Rs 20 Per Trade (Optimum Plan) |
| Services offered | Equity, Derivatives, Commodity, Currency, PMS, Life Insurance, ETFs, IPOs & Mutual Funds. | Equity, Derivatives, Commodity, Currency, Mutual Funds |
| Account Opening Charge | Rs 699 (Currently Waived) | Rs 650 (Currently Waived) |
| Commodity Trading Opening charge | Rs 0 | Can't trade in commodity |
| Annual Maintenance Charge | Rs 450 (Second years onwards) | Rs 45 per month (only for months when you trade) |
| Trading Platform | Angel iTrade, Angel One Mobile App, Angel SpeedPro, Angel BEE | Investor terminal, trader terminal, 5 Paisa Trade Station |
| Brokerage Charges | ||
| Equity Delivery | Free | Rs 20 per trade |
| Equity Intraday | Rs 20 per trade | Rs 20 per trade |
| Equity Future Charges | Rs 20 per trade | Rs 20 per trade |
| Equity Options Charges | Rs 20 per trade | Rs 20 per trade |
| Currency future charges | Rs 20 per trade | Rs 20 per trade |
| Currency options charges | Rs 20 per trade | Rs 20 per trade |
| Commodity Charges | Rs 20 per trade | Rs 20 per trade |
| Minimum brokerage fees | Flat Charges Rs 20 | Rs 10 per trader (Higher Plans) |
| Call & Trade Charges | Additional Rs 20 per executed order | Rs 100/ call |
| Margin Offered | ||
| Equity Margin Delivery | Upto 3x for equity cash | Upto 4x for equity cash |
| Equity Margin Intraday | Upto 6x | Upto 20x |
| Equity margin futures | Upto 10x (Buying/Selling) | Intra-day: 3.5x - Carry forward: 1x (no margin) |
| Equity margin options | Upto 10x (Selling) and 3x (Buying) | Intra-day: 1x - Carry forward: 1x |
| Commodity Margin | Upto 5x | |
| Currency futures | Upto 8x | Intra-day: 1 time - Carry forward: 1x |
| Currency Options | Upto 8x (Selling) and 3x (Buying) | Intra-day: 1 time - Carry forward: 1x |
| Addons | ||
| 3-in-1 Account | No | No |
| Research & Tips | Yes | Yes (for higher plans) |
| Brokerage Calculator | Yes | Yes |
| Span Margin Calculator | Yes | Yes |
| Training & Education | Yes | Yes |
| Interactive Charts | Yes | Yes |
| Margin Against Shares (Equity Cash) | Yes | Yes |
| Margin Against Shares (Equity F&O) | Yes | Yes |
| IPO Services | Yes | Yes |
| Robo advisory | Yes | Yes |
| Other Features | Research reports, Portfolio management system (PMS), Insurances | Mutual Fund Investments, Research reports |
| Pros | Free delivery trades; Full-Service Broker with Flat charges; Services offered in Equity, Mutual funds, Commodities, IPOs, PMS, Life insurances; Customised trading help; Robo Order, High Margin | flexible brokerage plans (Optimum, Platinun, Titanium), Premium plans offer Cheapest brokerage, Research reports availalble (but at extra cost) |
| Cons | Angel One doesn't offer 3-in-1 account, Higher Maintenance charges | Call and trade Rs 100 per call, Higher charges of Rs per transaction on demat |
| Promotion/Offer | Right now - FREE Account Opening (Opening Charges 100% Waived) | Right now - No Opening Charges, Annual maintenance charges (AMC) waived |
Closing Thoughts
From the above comparison, you can find that both Angel One and 5Paisa offer low brokerage, high margin, and fast trading platforms for their clients. Moreover, both of these brokers also provide additional services like investment advisory services, research reports, robo-advisory, etc. Anyways, trading platforms and customer service offered by Angel One is a little superior compared to the 5Paisa.
On the other hand, multiple brokerage plans offered by 5Paisa can be one of the biggest cons against Angel One. 5Paisa offers Optimum, Platinum, and Titanium plans for their customers. Different traders can choose the plan accordingly depending on their trading frequency, volume, and strategy. 5Paisa customers can enjoy a lot less brokerage annually if they go with Platinum or Titanium plans.
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These apps have made trading more accessible, convenient, and affordable than ever before, allowing people to trade on-the-go using just their smartphone or tablet. With so many trading apps available on the market, it can be difficult to know which one to choose.
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