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IDBI Direct Vs 5paisa: Which one is better?

Both the brokers are registered with SEBI. IDBI Direct offers investmenet in Equity, F&O and Currency only, where 5paisa offers investment in Equity, F&O, Currency and Commodities.. The brokerage of IDBI Direct Max 0.02% to 0.20% per trade while the brokerage of 5paisa ranges between Rs 20. IDBI Direct is a Full Service Broker where 5paisa is a Discount Broker. IDBI Direct is having overall lower rating compare to 5paisa. IDBI Direct is rated only 3.5 out of 5 where 5paisa is rated 4 out of 5. Number of active customer for 5paisa is 5,17,898 where number of active customer for IDBI Direct is 54,478. 5paisa is serving more customer compare to IDBI Direct.

Here we present side-by-side comparison of IDBI Direct vs 5paisa share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared IDBI Direct vs 5paisa'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 IDBI Direct vs 5paisa share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared IDBI Direct vs 5paisa'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 IDBI Direct vs 5paisa on Service

  IDBI Direct Compare
IDBI Direct
5paisa Compare
5paisa
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE BSE, NSE, MCX, NCDEX
Active Clients 54,478 5,17,898
Broker Overview Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I... Know more about IDBI Direct 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
Broker Enquiry Request call back from Zerodha Request call back from 5paisa
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Account Opening Charges and AMC

Compare IDBI Direct vs 5paisa on Trading & Demat Account Opening Charges

Comparison of IDBI Direct with 5paisa on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account where 5paisa charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IDBI Direct with 5paisa
Charges IDBI Direct 5paisa
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 350 PA [Free for 1st year] Rs 300 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IDBI Direct vs 5paisa on Plan Options

Plans are the most important feature you look when compare IDBI Direct with 5paisa. This section compare on high level about type of plans offered by brokers. Multiple Plans - 5paisa provides Multiple Plans where IDBI Direct doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

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

Account Opening

  Zerodha 5paisa
Account Opening Request
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Brokerage Charges

Compare IDBI Direct vs 5paisa on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

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.

Brokerage Charges - Compare IDBI Direct with 5paisa
Brokerage Charges Compare IDBI Direct 5paisa
Plan Name Flat Brokerage PLan Basic Plan
Equity Delivery 0.20% Flat Fee Rs 20
Equity Intraday 0.02% Flat Fee Rs 20
Equity Futures Flat Rs 15 per order Flat Fee Rs 20
Equity Options Flat Rs 15 per order Flat Fee Rs 20
Currency Futures Flat Rs 15 per order Flat Fee Rs 20
Currency Options Flat Rs 15 per order Flat Fee Rs 20
Commodity Trading NA Flat Fee Rs 20
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. NA
Hidden Charges Info Not Available No
Funding Info Not Available Yes - 18% interest PA
Call & Trade Charges Free Rs 100 per call(No limit of orders)
Auto Square off Charges NA Rs 100 per call(No limit of orders)
Brokerage Calculator Brokerage Calculator for IDBI Direct Brokerage Calculator for 5paisa
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Share Broker's Transaction Charges

Compare IDBI Direct vs 5paisa on Transaction Charges

Compare IDBI Direct with 5paisa on transaction charges and PCM fee by segment.

Transaction Charges - Compare IDBI Direct with 5paisa
Transaction Charges Compare IDBI Direct 5paisa
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 NA Rs 260 Per Cr
Brokerage Charges Complete Brokerage Plans for idbicapital Complete Brokerage Plans for 5paisa
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Account Features

Compare IDBI Direct vs 5paisa on Account Features

Compare IDBI Direct with 5paisa on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - IDBI Direct offers 3-in-1 account where 5paisa offers only 2-in-1 account which includes trading and demat account. Algo Trading - 5paisa offers Algo Trading where IDBI Direct doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - IDBI Direct offers NRI where 5paisa doesn't offers NRI Trading.

Account Features - IDBI Direct with 5paisa
Account Features Compare IDBI Direct 5paisa
3 in 1 Account Yes, IDBI Direct have 3-in-1 accounts. Bank Account, Demat and Trading account. No IDBI Direct have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No 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 No Yes
Intraday Square-off Time 3:15PM 3:15 PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare IDBI Direct vs 5paisa on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IDBI Direct and 5paisa. 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 IDBI Direct with 5paisa
Trading Platform Compare IDBI Direct 5paisa
Desktop Trading Platform Infinity 5paisaTradeStation
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.idbicapital.com/ https://www.5paisa.com/online-trading
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App IDBI Direct Mobile App 5paisa Mobile App
Mobile Trading App Demo Info Not Available 5paisa Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod IDBI Direct Mobile App Download Andriod 5paisa Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS IDBI Direct Mobile App Download iOS 5paisa Mobile App 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 IDBI Direct Equity Intraday and Delivery Brokerage Calculator for 5paisa
Futures Brokerage Calculator Futures Brokerage Calculator for IDBI Direct Futures Brokerage Calculator for 5paisa
Options Brokerage Calculator Options Brokerage Calculator for IDBI Direct Options Brokerage Calculator for 5paisa
Detail Detail on Trading Platforms for idbicapital Detail on Trading Platforms for 5paisa

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Broker Ratings by Users

Compare IDBI Direct vs 5paisa on User Rating

  IDBI Direct 5paisa
  31 Customer Reviews    Rate IDBI Direct 27 Customer Reviews    Rate 5paisa
Fees Ratings 3.0 3.1
Trading Brokerage Rating 2.5 3.9
Trading Platform Usability 2.6 3.3
Customer Service Ratings 2.7 2.7
Overall Ratings 2.7 3.2
Broker Rating IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews 5paisa is Rated 3.2 / 5 based on 27 customer reviews
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Investment Offerings

Compare IDBI Direct vs 5paisa on Investment Offerings

Compare IDBI Direct with 5paisa 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 - 5paisa offers trading options in Commodity (MCX) where IDBI Direct doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

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

Compare IDBI Direct vs 5paisa on Order Types

Order Type - Compare IDBI Direct with 5paisa 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) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear 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 a 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- IDBI Direct offers Good Till Cancelled (GTC) orders where 5paisa doesn't support Good Till Cancelled (GTC) orders.

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

Compare IDBI Direct vs 5paisa on Customer Service

Compare IDBI Direct with 5paisa 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 IDBI Direct with 5paisa
Customer Service Compare IDBI Direct 5paisa
24/7 Customer Service IDBI Direct vs 5paisa - 24x7 customer support No No
Email Support IDBI Direct vs 5paisa - Email Support Yes Yes
Onine Live Chat IDBI Direct vs 5paisa - Onine Live Chat No No
Phone Support IDBI Direct vs 5paisa - Phone Support Yes Yes
Toll Free Number IDBI Direct vs 5paisa - Toll Free Number Yes No
Through Branches IDBI Direct vs 5paisa - Through Branches Yes No
Customer Care Number IDBI Direct vs 5paisa - Customer Care Number 022-3913 5001 +91 89766 89766
Account Opening Process IDBI Direct vs 5paisa - Account Opening Process Info Not Available Online/Paperless
Customer Support Email IDBI Direct vs 5paisa - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IDBI Direct vs 5paisa - Knowledge Center/Education Info Not Available https://www.5paisa.com/knowledge-centre
Head Office Address IDBI Direct vs 5paisa - Head Office Address/Corporate Address Info Not Available 5paisa headquater
Sun Infotech Park, Road No.
16V, Plot No.B-23 Thane
Industrial Area, Wagle Estate,
Thane - 400604
Website IDBI Direct vs 5paisa - Company Website https://www.idbidirect.in/ https://www.5paisa.com/
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Tips/Research/Reports Published

Compare IDBI Direct vs 5paisa on Research Reports, Tips

Compare IDBI Direct with 5paisa on research reports and tips provided by the broker.

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

Compare IDBI Direct vs 5paisa on Demat Account

Compare IDBI Direct with 5paisa 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 5paisa is ₹300 pa where for IDBI Direct is ₹350 pa.

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 IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + CDSL charges where for 5paisa is ₹12.50 per ISIN.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 IDBI Direct with 5paisa
  IDBI Direct 5paisa
DP Source CDSL CDSL
DP ID IDBI Direct vs 5paisa - DP ID No 82500
Demat Account Annual Maintenance Charges(AMC) ₹350 pa ₹300 pa
Advance Deposit NO NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges ₹12.50 per ISIN
Demat ₹5 per certificate + ₹30 courier charges ₹15 per certificate
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges ₹15 for every hundred securities or ₹15 per certificate whichever is higher
Pledge Creation 0.05% of transaction value or ₹50 whichever is higher ₹12.50 per script
Pledge Creation Confirmation Nil NIL
Pledge Closure 0.0002% of transaction value or ₹25 whichever is higher ₹12.50 per script
Pledge Closure Confirmation 0.0002% of transaction value or ₹25 whichever is higher NIL
Pledge Invocation 0.0015% of transaction value or ₹25 whichever is higher NIL
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs 5paisa on Special Offers and Promotion

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

Compare IDBI Direct vs 5paisa on Special Offers and Promotion
  IDBI Direct 5paisa
Pay In and Pay Out Options IDBI Direct vs 5paisa - Pay In and Pay Out Options Info Not Available 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
Payout Time IDBI Direct vs 5paisa - Payout Time Info Not Available Max 24 hrs except bank holidays
Bank Supported and Charges IDBI Direct vs 5paisa - Bank Supported and Charges Info Not Available Around 40 banks allow instant credit facility(Payment Gateway) with charges of Rs 9 from 5paisa trading platforms.
Bank Detail Info Not Available 5paisa,
Account Number:5PAISA
Bank and Branch: Yes Bank, CMS National Operating Centre MMR
Account Type: Current Account
IFSC Code: YESB0CMSNOC
Likes
  • 3-in-1 account opening.
  • Zero brokerage for the first 3 months.
  • Zero AMC for the first year.
  • Competitive brokerage
  • Paperless investment in mutual funds.
  • Equity SIP facility in shares (Amount based SIP and quantity-based SIP).
  • Leverage/margin trading with E-margin.
  • Encash – BSE feature to instantly get sale proceeds.
  • Dealer-assisted trading and free call & trade
  • Place aftermarket order, bracket order, and cover order.
  • Place Good Till Date (GTD)
  • Buy today Sell Tomorrow (BTST)

Detail Review...

  • 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...

Dislikes
  • Does not offer commodity trading.
  • The user interface of the trading platforms can be improved.
  • Customer service needs a lot of improvement.

Detail Review...

  • 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...

Special Offers/Promo
Enquiry Open Zerodha Account Now>> Open 5paisa Account Now>>

Last Updated on 2023-08-21T03:25:00+00:00