5Paisa Vs Elite Wealth
5Paisa
5paisa - Online Share/Stock Trading, Discount Brokers in India 5Paisa Review- Free Investment in Equity Delivery, FNO Trades at Flat 20 Rs. Review gives an overall view of the updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, 5Paisa Review of NRI Account, Branches, Customer Complaints, Advantages and Disadvantages.
5Paisa Vs Elite Wealth - Broker Details
| 5Paisa | Elite Wealth | |
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| Single Margin Facility |
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| Year of Incorporation | 2007 | 1990 |
| Exchanges | BSE, NSE and MCX. | NSE, BSE, MCX and NCDEX |
| Branches | Zero | N/A |
| Brokerage | ₹20/ Order | 0.03% |
| Broker Type | Discount Broker | Full Service Broker |
5Paisa Vs Elite Wealth - Account Opening & AMC Charges
| 5Paisa | Elite Wealth | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹300/- | First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
5Paisa Vs Elite Wealth - Brokerage charges & Plans
| 5Paisa | Elite Wealth | |
|---|---|---|
| Commodity Futures | ₹20/ Order | 0.03% |
| Currency Futures | ₹20/ Order | 0.03% |
| Equity Delivery | ₹20/ Order | 0.33% |
| Equity Options | ₹20/ Order | ₹33 per Lot |
| Commodity Options | ₹20/ Order | 0.03% |
| Equity Futures | ₹20/ Order | 0.03% |
| Currency Options | ₹20/ Order | ₹33 per Lot |
| Fixed Charges | ₹499/ Month | 0.03% |
| Equity Intraday | ₹20/ Order | 0.03% |
5Paisa Vs Elite Wealth - Other Charges
| 5Paisa | Elite Wealth | |
|---|---|---|
| RMS Square Off Charge | ₹20/ Order | ₹0 (Free) |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | ₹0 (Free) | ₹0 (Free) |
| Other Brokerage Charges | ₹499/ Month | 0.03% |
| Minimum Brokerage | ₹20/ Order | 0.03% |
5Paisa Vs Elite Wealth - Transaction Charges
| 5Paisa | Elite Wealth | |
|---|---|---|
| Currency Options | 0.035% | NSE: Exchange turnover charge: 0.04% | Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% |Clearing charge: 0.025% |
| Equity Futures | 0.0020% | NSE: 0.00195% on Total Turnover value |
| Equity Intraday | 0.00345% (NSE) | 0.00345% (BSE) | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group | Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% |
| Equity Options | 0.053% | NSE: 0.053% on Premium value |
| Commodity | Grp A (28 Commodities) 0.0026% | Grp B (4 Commodities) | BLACK PEPPER - 0.0005% | BRASS - 0.0005% |CASTORSEED - 0.0005% | RBDPALMOLEIN - 0.001% | Options Contracts: 0.05% | Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month To) 0.0013% On Turnover For A Category (Far Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Followers Scrip: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN |
| Currency Futures | 0.0009% | NSE: Exchange turnover charge: 0.0009% |Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% |Clearing charge: 0.0004% |
| Equity Delivery | 0.00345% (NSE) | 0.00345% (BSE) | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% |
5Paisa Vs Elite Wealth - Margin (Exposure)
| 5Paisa | Elite Wealth | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + exposure)) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
5Paisa Vs Elite Wealth - Features
| 5Paisa | Elite Wealth | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Cash and derivatives :- 3:20 pm | Commodity :- 11:30 P.M | Currency: 4:45 PM | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | 5 Paisa Mobile App, Trade station Web, Trade Station Exe, Algo Trading, 5paisa Robo Advisory | 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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5Paisa Vs Elite Wealth - Review & Rating
| 5Paisa | Elite Wealth | |
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| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account |
5Paisa Vs Elite Wealth - Request a call back from Broker
| 5Paisa | Elite Wealth | |
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5Paisa Vs Elite Wealth - Investment Options
| 5Paisa | Elite Wealth | |
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| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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5Paisa Vs Elite Wealth - Order Type
| 5Paisa | Elite Wealth | |
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| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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5Paisa Vs Elite Wealth - Research & Report
| 5Paisa | Elite Wealth | |
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| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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5Paisa Vs Elite Wealth - Daily Market Report
| 5Paisa | Elite Wealth | |
|---|---|---|
| Daily Market Reports & News |
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5Paisa Vs Elite Wealth - Suitable For Investor
| 5Paisa | Elite Wealth | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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5Paisa Vs Elite Wealth - Pros & Cons
| 5Paisa | Elite Wealth | |
|---|---|---|
| Pros | 1.It is being promoted by IIFL which is a premier non-banking financial institution. 2.Different subscription plans according to the need of clients. 3.No software charges.4.Free technical, derivative and fundamental advice to customers. 5.It offers mutual funds and insurance. | 1. It is a full-service broker 2. It provides equity and Mutual Fund research and recommendation services to all its customers. 3. Excellent Research 4. Call n Trade Facility 5. It facilitates its customers with a RM (Relationship Manager). 6. It offers Upcoming IPO updates 7. Online access to the account on all days |
| Cons | 1.Non availability of 3-in-1 account 2.High Demat debit transaction charges. 3.Compared to other discount brokers exchange transaction charges are also very high. 4.NRI trading services are not offered by 5 paisa. 5.It does not provide commodity trading services. | 1. Brokerage charges are high as compared to the discount brokers. 2. It does not provide three-in-one account and does not have banking license. 3. Risk of Overtrading. |
5Paisa Vs Elite Wealth - Background
| 5Paisa | Elite Wealth | |
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5Paisa Vs Elite Wealth - Compare All Brokers
| 5Paisa | Elite Wealth | |
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5Paisa Vs Elite Wealth - STT/CTT
| 5Paisa | Elite Wealth | |
|---|---|---|
| Commodity Futures | 0.0001% (On exercise purchaser) 0.01% (Sell Future) | 0.01% on Sell Side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% | 0.025% on Sell |
| Equity Options | 0.05% (Sell Option) | 0.05% on Sell (on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.10% | 0.1% on both buy & Sell |
| Equity Futures | 0.01% (Sell Future) | 0.01 % on Sell |
| Commodity Options | 0.05% (Sell Option) | 0.05% on Sell Side |
5Paisa Vs Elite Wealth - Demat transaction charges
| 5Paisa | Elite Wealth | |
|---|---|---|
| Equity Demat Transaction Charges | ₹12.5 + Gst per scrip per day only on sell | No Charges |
5Paisa Vs Elite Wealth - GST
| 5Paisa | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on ( Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
5Paisa Vs Elite Wealth - SEBI Charges
| 5Paisa | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/ Crore | ₹10/Crore |
5Paisa Vs Elite Wealth - Account Opening & AMC Charges
5Paisa
Elite Wealth
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹300/-
First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method
Trading Account AMC
₹0 (Free)
₹0 (Free)
5Paisa Vs Elite Wealth
| 5Paisa | Elite Wealth | |
|---|---|---|
5Paisa Review | Brokerage Charges, Account Opening5Paisa is one the leading stock brokers of India. Being started on March 2016 to becoming 2nd largest stock broker of India in Dec 2018, 5Paisa company covered a long way in a very short span of time. 5paisa broking review provides trade in equity, commodity and currency at BSE, NSE and MCX. 5paisa trading platform review offers different trading p .. + " Vs "+ Elite Wealth |
Elite Wealth Review | Products and Trading Platforms |
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Elite Wealth
5Paisa Vs Elite Wealth - Brokerage charges & Plans
| 5Paisa | Elite Wealth | |
|---|---|---|
| Commodity Futures | ₹20/ Order | 0.03% |
| Currency Futures | ₹20/ Order | 0.03% |
| Equity Delivery | ₹20/ Order | 0.33% |
| Equity Options | ₹20/ Order | ₹33 per Lot |
| Commodity Options | ₹20/ Order | 0.03% |
| Equity Futures | ₹20/ Order | 0.03% |
| Currency Options | ₹20/ Order | ₹33 per Lot |
| Fixed Charges | ₹499/ Month | 0.03% |
| Equity Intraday | ₹20/ Order | 0.03% |
| Call Back Open Account |
5Paisa Vs Elite Wealth - Margin (Exposure)
| 5Paisa | Elite Wealth | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + exposure)) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Call Back Open Account |
5Paisa Vs Elite Wealth - Other Charges
| 5Paisa | Elite Wealth | |
|---|---|---|
| RMS Square Off Charge | ₹20/ Order | ₹0 (Free) |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | ₹0 (Free) | ₹0 (Free) |
| Other Brokerage Charges | ₹499/ Month | 0.03% |
| Minimum Brokerage | ₹20/ Order | 0.03% |
5Paisa Vs Elite Wealth - STT/CTT
| 5Paisa | Elite Wealth | |
|---|---|---|
| Commodity Futures | 0.0001% (On exercise purchaser) 0.01% (Sell Future) | 0.01% on Sell Side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% | 0.025% on Sell |
| Equity Options | 0.05% (Sell Option) | 0.05% on Sell (on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.10% | 0.1% on both buy & Sell |
| Equity Futures | 0.01% (Sell Future) | 0.01 % on Sell |
| Commodity Options | 0.05% (Sell Option) | 0.05% on Sell Side |
5Paisa Vs Elite Wealth - Demat transaction charges
| 5Paisa | Elite Wealth | |
|---|---|---|
| Equity Demat Transaction Charges | ₹12.5 + Gst per scrip per day only on sell | No Charges |
5Paisa Vs Elite Wealth - GST
| 5Paisa | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on ( Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
5Paisa Vs Elite Wealth - SEBI Charges
| 5Paisa | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/ Crore | ₹10/Crore |
5Paisa Vs Elite Wealth - Features
| 5Paisa | Elite Wealth | |
|---|---|---|
| Online Portfolio |
|
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| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
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| 3 in 1 Account |
|
|
| Charting |
|
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| Intraday Square-off Time | Cash and derivatives :- 3:20 pm | Commodity :- 11:30 P.M | Currency: 4:45 PM | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | 5 Paisa Mobile App, Trade station Web, Trade Station Exe, Algo Trading, 5paisa Robo Advisory | 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |