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5paisa Vs Nuvama Wealth: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of 5paisa Max Rs 20 per trade while the brokerage of Nuvama Wealth Max Rs 10 per trade. Both the brokers are Discount Brokers. 5paisa is having overall higher rating compare to Nuvama Wealth. 5paisa is rated 4 out of 5 where Nuvama Wealth is rated only 3.5 out of 5. Number of active customer for 5paisa is 5,17,898 where number of active customer for Nuvama Wealth is 1,72,812. 5paisa is serving more customer compare to Nuvama Wealth.

Here we present side-by-side comparison of 5paisa vs Nuvama Wealth share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared 5paisa vs Nuvama Wealth's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of 5paisa vs Nuvama Wealth share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared 5paisa vs Nuvama Wealth's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare 5paisa vs Nuvama Wealth on Service

  5paisa Compare
5paisa
Nuvama Wealth Compare
Nuvama Wealth
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 5,17,898 1,72,812
Broker Overview 5paisa is the fastest-growing discount brokerage firms in India with a highly competitive pricing model, Rs. 0 commission on mutual fund investment, powerful in-house trading platforms across web, app, & desktop, and Robo Advisory platform. Its m... Know more about 5paisa One of the leading full-service brokerage firms with a long-standing track record since 2008 offering Free Nuvama Wealth Demat & Trading account + Trade at Rs. 10 flat brokerage charges + free experts research & advisory + Get access to the i...Know more about Nuvama Wealth
Broker Enquiry Request call back from 5paisa Request call back from Nuvama Wealth
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Account Opening Charges and AMC

Compare 5paisa vs Nuvama Wealth on Trading & Demat Account Opening Charges

Comparison of 5paisa with Nuvama Wealth on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - 5paisa charges Rs 300 PA AMC for Demat account where Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare 5paisa with Nuvama Wealth
Charges 5paisa Nuvama Wealth
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 300 PA Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]
Provide DP Service Yes Yes
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About Brokerage Plans

Compare 5paisa vs Nuvama Wealth on Plan Options

Plans are the most important feature you look when compare 5paisa with Nuvama Wealth. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers provides Multiple Plans. You have option to select plan as per your trading streategy.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare 5paisa with Nuvama Wealth on Plan Options
Plan Types 5paisa Nuvama Wealth
Multiple Plans Yes Yes
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  5paisa Nuvama Wealth
Account Opening Request
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Brokerage Charges

Compare 5paisa vs Nuvama Wealth on Brokerage Charges

5paisa Brokerage Plan detail - 5paisa is a discount broker, which charges a flat fee of Rs 20 per executed order for Equity Cash, Equity F&O, Currency & Commodities. This is the lowest brokerage plan offered by the best brokerage house in India.

Nuvama Wealth Brokerage Plan detail - This plan is available to Online users only. With this plan, Nuvama Wealth is preparing for competition with Discount brokers. Account opening is free and No Demat AMC with this plan.

Brokerage Charges - Compare 5paisa with Nuvama Wealth
Brokerage Charges Compare 5paisa Nuvama Wealth
Plan Name Basic Plan Nuvama Lite
Equity Delivery Flat Fee Rs 20 Flat Rs. 10 per executed order
Equity Intraday Flat Fee Rs 20 Flat Rs. 10 per executed order
Equity Futures Flat Fee Rs 20 Flat Rs. 10 per executed order
Equity Options Flat Fee Rs 20 Flat Rs. 10 per executed order
Currency Futures Flat Fee Rs 20 Flat Rs. 10 per executed order
Currency Options Flat Fee Rs 20 Flat Rs. 10 per executed order
Commodity Trading Flat Fee Rs 20 0.01%
Minimum Brokerage NA NIL
Hidden Charges No Info Not Available
Funding Yes - 18% interest PA Yes - 24% interest PA
Call & Trade Charges Rs 100 per call(No limit of orders) Rs 20 per call
Auto Square off Charges Rs 100 per call(No limit of orders) Rs 20
Brokerage Calculator Brokerage Calculator for 5paisa Brokerage Calculator for Nuvama Wealth
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Share Broker's Transaction Charges

Compare 5paisa vs Nuvama Wealth on Transaction Charges

Compare 5paisa with Nuvama Wealth on transaction charges and PCM fee by segment.

Transaction Charges - Compare 5paisa with Nuvama Wealth
Transaction Charges Compare 5paisa Nuvama Wealth
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Rs 260 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for 5paisa Complete Brokerage Plans for nuvama-wealth
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Account Features

Compare 5paisa vs Nuvama Wealth on Account Features

Compare 5paisa with Nuvama Wealth on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Nuvama Wealth offers NRI where 5paisa doesn't offers NRI Trading.

Account Features - 5paisa with Nuvama Wealth
Account Features Compare 5paisa Nuvama Wealth
3 in 1 Account No 5paisa have 2-in-1 account. Only Demate and Trading account. No 5paisa have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15 PM 3:15PM
NRI Trading No Yes
Other Features NIL NIL
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Trading Platform

Compare 5paisa vs Nuvama Wealth on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w 5paisa and Nuvama Wealth. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare 5paisa with Nuvama Wealth
Trading Platform Compare 5paisa Nuvama Wealth
Desktop Trading Platform 5paisaTradeStation Xtreme Trader
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://www.5paisa.com/online-trading https://tlounge.edelweiss.in/Login
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App 5paisa Mobile App Nuvama Mobile Trader
Mobile Trading App Demo 5paisa Mobile App Demo Nuvama Mobile Trader Demo
Android Mobile App Yes Yes
Android App Download Andriod 5paisa Mobile App Download Andriod Nuvama Mobile Trader Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS 5paisa Mobile App Download iOS Nuvama Mobile Trader Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for 5paisa Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth
Futures Brokerage Calculator Futures Brokerage Calculator for 5paisa Futures Brokerage Calculator for Nuvama Wealth
Options Brokerage Calculator Options Brokerage Calculator for 5paisa Options Brokerage Calculator for Nuvama Wealth
Detail Detail on Trading Platforms for 5paisa Detail on Trading Platforms for nuvama-wealth

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Broker Ratings by Users

Compare 5paisa vs Nuvama Wealth on User Rating

  5paisa Nuvama Wealth
  27 Customer Reviews    Rate 5paisa 4 Customer Reviews    Rate Nuvama Wealth
Fees Ratings 3.1 2.8
Trading Brokerage Rating 3.9 3.0
Trading Platform Usability 3.3 3.5
Customer Service Ratings 2.7 1.8
Overall Ratings 3.2 2.0
Broker Rating 5paisa is Rated 3.2 / 5 based on 27 customer reviews Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews
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Investment Offerings

Compare 5paisa vs Nuvama Wealth on Investment Offerings

Compare 5paisa with Nuvama Wealth on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - Nuvama Wealth provides PMS Service where 5paisa doesn't offer

Investment Offerings - Compare 5paisa with Nuvama Wealth
Investment Offerings Compare 5paisa Nuvama Wealth
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking No No
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No Yes
PMS Service No Yes
Other Investment Options NIL NIL
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Order Types

Compare 5paisa vs Nuvama Wealth on Order Types

Order Type - Compare 5paisa with Nuvama Wealth on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - 5paisa provide Bracket Orders (BO) where Nuvama Wealth doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare 5paisa with Nuvama Wealth
Order Type Compare 5paisa Nuvama Wealth
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No No
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Customer Service Offered

Compare 5paisa vs Nuvama Wealth on Customer Service

Compare 5paisa with Nuvama Wealth on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare 5paisa with Nuvama Wealth
Customer Service Compare 5paisa Nuvama Wealth
24/7 Customer Service 5paisa vs Nuvama Wealth - 24x7 customer support No No
Email Support 5paisa vs Nuvama Wealth - Email Support Yes Yes
Onine Live Chat 5paisa vs Nuvama Wealth - Onine Live Chat No No
Phone Support 5paisa vs Nuvama Wealth - Phone Support Yes Yes
Toll Free Number 5paisa vs Nuvama Wealth - Toll Free Number No Yes
Through Branches 5paisa vs Nuvama Wealth - Through Branches No Yes
Customer Care Number 5paisa vs Nuvama Wealth - Customer Care Number +91 89766 89766 1800 102 3335
Account Opening Process 5paisa vs Nuvama Wealth - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email 5paisa vs Nuvama Wealth - Customer Support Email [email protected] [email protected]
Knowledge Center/Education 5paisa vs Nuvama Wealth - Knowledge Center/Education https://www.5paisa.com/knowledge-centre https://www.nuvamawealth.com/investology
Head Office Address 5paisa vs Nuvama Wealth - Head Office Address/Corporate Address 5paisa headquater
Sun Infotech Park, Road No.
16V, Plot No.B-23 Thane
Industrial Area, Wagle Estate,
Thane - 400604
Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Website 5paisa vs Nuvama Wealth - Company Website https://www.5paisa.com/ https://www.nuvamawealth.com/
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Tips/Research/Reports Published

Compare 5paisa vs Nuvama Wealth on Research Reports, Tips

Compare 5paisa with Nuvama Wealth on research reports and tips provided by the broker.

Research Reports - Compare 5paisa with Nuvama Wealth
  5paisa Nuvama Wealth
Research Mutual Funds 5paisa vs Nuvama Wealth - Research Mutual Funds Yes Yes
Research Equity Reports 5paisa vs Nuvama Wealth - Research Equity Reports Yes Yes
Research ETF 5paisa vs Nuvama Wealth - Research ETF No Yes
Daily Market Report 5paisa vs Nuvama Wealth - Daily Market Report Yes Yes
Free Tips 5paisa vs Nuvama Wealth - Free Tips Yes Yes
Quarterly Result Analysis 5paisa vs Nuvama Wealth - Quarterly Results No Yes
News Alerts 5paisa vs Nuvama Wealth - Yes Yes
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Demat Account

Compare 5paisa vs Nuvama Wealth on Demat Account

Compare 5paisa with Nuvama Wealth on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Nuvama Wealth is Free (₹1500 one time charges) where for 5paisa is ₹300 pa. Nuvama Wealth is a better choice in terms of Demat AMC compare to 5paisa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for 5paisa is ₹12.50 per ISIN where for Nuvama Wealth is 0.02% of transaction value or ₹20 per transaction whichever is higher.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare 5paisa with Nuvama Wealth
  5paisa Nuvama Wealth
DP Source CDSL CDSL
DP ID 5paisa vs Nuvama Wealth - DP ID 82500 19100
Demat Account Annual Maintenance Charges(AMC) ₹300 pa Free (₹1500 one time charges)
Advance Deposit NIL NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹12.50 per ISIN 0.02% of transaction value or ₹20 per transaction whichever is higher
Demat ₹15 per certificate ₹2 per certificate + ₹30 courier charges
Remat ₹15 for every hundred securities or ₹15 per certificate whichever is higher ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges
Pledge Creation ₹12.50 per script 0.02% of transaction value (Min ₹50)
Pledge Creation Confirmation NIL Nil
Pledge Closure ₹12.50 per script 0.02% of transaction value (Min ₹50)
Pledge Closure Confirmation NIL Nil
Pledge Invocation NIL 0.02% of transaction value (Min ₹50)
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare 5paisa vs Nuvama Wealth on Special Offers and Promotion

Compare 5paisa with Nuvama Wealth on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare 5paisa vs Nuvama Wealth on Special Offers and Promotion
  5paisa Nuvama Wealth
Pay In and Pay Out Options 5paisa vs Nuvama Wealth - Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from 5Paisa trader or Back Office.
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Terminal X3,Nuvama Web,Mobile Trader.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time 5paisa vs Nuvama Wealth - Payout Time Max 24 hrs except bank holidays Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges 5paisa vs Nuvama Wealth - Bank Supported and Charges Around 40 banks allow instant credit facility(Payment Gateway) with charges of Rs 9 from 5paisa trading platforms. Info Not Available
Bank Detail 5paisa,
Account Number:5PAISA
Bank and Branch: Yes Bank, CMS National Operating Centre MMR
Account Type: Current Account
IFSC Code: YESB0CMSNOC
Nuvama Wealth,
Account Number:EBL1XXXXXXXXX
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
Likes
  • Free account opening facility
  • Cutting-edge trading platforms and products
  • Free or Rs. 0 commission investment in mutual funds and US Stocks.
  • cheapest brokerage plans – Super Saver Packs
  • Zero brokerage on equity delivery in super saving pack 
  • No brokerage for young generation age from 18 years to 23 years
  • It Offers free trading course FinSchool for beginners 
  • Advanced trading platform of 5Paisa Algo trading app 
  • 5Paisa API helps traders to get real time markets analysis from various resources. 
  • Tips and calls on researched based stocks
  • Wide range of trading and investment products – IPO, MFs, Currency, Stocks, etc
  • Solve customer grievances instantly via call or e-mail.
  • Secure and safe mobile application to protect its client’s data.

Detail Review...

  • Multiple products; equity, derivatives, IPO, mutual funds, bonds, debt instruments.
  • Trade at Rs 10/order flat brokerage
  • Free Guided Portfolio, an expert-curated basket for investors
  • User-friendly interface of Markets mobile app and TX3 terminal
  • Get free expert research reports and trading tips.
  • Place bracket order, cover order, and GTD order.
  • Investology, is a stock market learning platform for beginners to experts.
  • Margin trading facility.
  • Decent physical presence with branches

Detail Review...

Dislikes
  • High call & trade charges of Rs. 100/per call.
  • 5paisa does not offer NRI trading services.
  • A 3-in-1 account opening facility is unavailable.
  • Delivery trading with 5paisa is not free in the basic plan.

Detail Review...

  • NRI trading is not offered.
  • No 3-in-1 account opening services
  • Call & trade and research services are available at additional cost in Lite plan.
  • Brokerage charges are high in the Elite % based pricing plan.

Detail Review...

Special Offers/Promo
Enquiry Open 5paisa Account Now>> Open Nuvama Wealth Account Now>>

Last Updated on 2024-01-11T04:15:59+00:00