5Paisa vs ICICIdirect | Broker Comparison

5Paisa vs ICICIdirect

Side-by-side view of features, pricing context, and platform fit.

5Paisa

5Paisa

Active Clients: 3,43,187

5paisa.com is a prominent online stockbroker providing discounted brokerage services to individual investors in India. 5paisa Capital Ltd is a publicly traded and professionally managed entity founded by IIFL promoter...

ICICIdirect

ICICIdirect

Active Clients: 20,45,086

ICICIdirect is a prominent retail stock broker in India, operating as part of the ICICI Group, and provides online trading and investment services spanning equity, derivatives, IPO, mutual funds, fixed deposits, bonds...

Side-by-Side Compare Table

Category	5paisa	ICICIdirect
Basic Details	•Broker Type: Discount broker •Founded: 2016 (5paisa Capital Ltd under IIFL promoter group)	•Broker Type: Full-service broker (ICICI Group) •Founded: 1995 (ICICIdirect platform legacy)
Charges & AMC	•Account Opening: Rs 0 •Trading AMC: Included in account structure	•Account Opening: Rs 0 (as listed) •Demat AMC: Rs 700 per annum (individual account)
Brokerage	•Equity Delivery: Rs 20 per trade •Equity Intraday: Rs 20 per trade	•Brokerage is plan based (Prime plans and MoneySaver). •Prime plan examples range by subscription slab.
Other Charges	•Fund transfer charges may apply by mode (for example net banking fee in some cases). •Statutory charges apply separately: STT, exchange charges, GST, SEBI charges, stamp duty.	•Call and trade charges apply (listed as Rs 50 per order in extract). •Demat debit and operational charges apply per schedule.
Leverage (Margin)	•Margin Trading Facility available via 5paisa Pay Later. •MTF funding slabs available with different daily interest rates.	•Intraday equity margin can go up to around 5x on eligible stocks. •Delivery and carry-forward generally follow full margin norms.
Features	•Flat-fee structure across segments. •One app for stocks, derivatives, mutual funds, ETFs, and bonds.	•Integrated 3-in-1 account (bank + trading + Demat). •Strong brand trust and branch-assisted model.
Trading Platforms	•5paisa Mobile App •5paisa Web / Trader Station	•ICICIdirect.com website •ICICIdirect mobile app
Reviews & Ratings	•Positioned as a low-cost broker for active retail users. •In this source snapshot, no single consolidated numeric overall rating is highlighted.	•Viewed as feature-rich and trusted for integrated banking workflow. •In this source extract, no final single overall numeric rating table is shown.
Investment Options	•Equity •F&O	•Equity and derivatives •IPO, mutual funds, bonds, NCDs
Order Types Offered	•Regular market orders •Delivery and intraday order flows	•Standard market/limit execution flows •VTC/GTC-style functionality referenced in source context
Suitable For (Investor Type)	•Cost-conscious traders who prefer flat brokerage. •Users who want one platform for trading and investing products.	•Investors wanting 3-in-1 integration and branch support. •Users preferring broader product coverage over pure discount pricing.
Pros and Cons	•Pros: •Flat Rs 20 pricing model.	•Pros: •Robust integrated banking-broking setup.

Detailed Comparison

Basic Details

5paisa	ICICIdirect
•Broker Type: Discount broker •Founded: 2016 (5paisa Capital Ltd under IIFL promoter group) •SEBI Registration: INZ000010231 •NSE Member Code: 14300 •Net Worth: Rs 543.53 Cr	•Broker Type: Full-service broker (ICICI Group) •Founded: 1995 (ICICIdirect platform legacy) •SEBI Registration: INZ000183631 •NSE Member Code: 07730 •Net Worth: Rs 4581.84 Cr

Charges & AMC

5paisa	ICICIdirect
•Account Opening: Rs 0 •Trading AMC: Included in account structure •Demat AMC: Rs 300 yearly (often billed quarterly) •DP Sell Transaction: Rs 20 per scrip (sell side)	•Account Opening: Rs 0 (as listed) •Demat AMC: Rs 700 per annum (individual account) •Demat debit charge and call-and-trade charges apply

Brokerage

5paisa	ICICIdirect
•Equity Delivery: Rs 20 per trade •Equity Intraday: Rs 20 per trade •Equity Futures: Rs 20 per trade •Equity Options: Rs 20 per trade •Commodity/Currency: Rs 20 per trade across listed segments	•Brokerage is plan based (Prime plans and MoneySaver). •Prime plan examples range by subscription slab. •MoneySaver example: Delivery 0.29%, Intraday/Futures 0.029%, Options Rs 49 per lot.

Other Charges

5paisa	ICICIdirect
•Fund transfer charges may apply by mode (for example net banking fee in some cases). •Statutory charges apply separately: STT, exchange charges, GST, SEBI charges, stamp duty.	•Call and trade charges apply (listed as Rs 50 per order in extract). •Demat debit and operational charges apply per schedule. •Standard statutory charges apply separately.

Leverage (Margin)

5paisa	ICICIdirect
•Margin Trading Facility available via 5paisa Pay Later. •MTF funding slabs available with different daily interest rates. •Up to around 4x leverage on approved MTF securities.	•Intraday equity margin can go up to around 5x on eligible stocks. •Delivery and carry-forward generally follow full margin norms.

Features

5paisa	ICICIdirect
•Flat-fee structure across segments. •One app for stocks, derivatives, mutual funds, ETFs, and bonds. •Paperless account opening. •Tools like FnO 360 and trading research utilities.	•Integrated 3-in-1 account (bank + trading + Demat). •Strong brand trust and branch-assisted model. •Research and multi-product investing workflows.

Trading Platforms

5paisa	ICICIdirect
•5paisa Mobile App •5paisa Web / Trader Station •5paisa Trade Terminal (desktop)	•ICICIdirect.com website •ICICIdirect mobile app

Reviews & Ratings

5paisa	ICICIdirect
•Positioned as a low-cost broker for active retail users. •In this source snapshot, no single consolidated numeric overall rating is highlighted.	•Viewed as feature-rich and trusted for integrated banking workflow. •In this source extract, no final single overall numeric rating table is shown.

Investment Options

5paisa	ICICIdirect
•Equity •F&O •Currency •Commodities •Mutual Funds (including direct plans) •ETFs and Bonds	•Equity and derivatives •IPO, mutual funds, bonds, NCDs •Commodities •Insurance and other wealth products

Order Types Offered

5paisa	ICICIdirect
•Regular market orders •Delivery and intraday order flows •Derivatives order support through app/web/terminal	•Standard market/limit execution flows •VTC/GTC-style functionality referenced in source context •Delivery, intraday, and derivatives order flows

Suitable For (Investor Type)

5paisa	ICICIdirect
•Cost-conscious traders who prefer flat brokerage. •Users who want one platform for trading and investing products. •Traders who need desktop plus mobile workflow.	•Investors wanting 3-in-1 integration and branch support. •Users preferring broader product coverage over pure discount pricing. •ICICI ecosystem customers who value seamless account linkage.

Pros and Cons

5paisa	ICICIdirect
•Pros: •Flat Rs 20 pricing model. •Wide product coverage in one account. •Multiple trading platforms and paperless onboarding. •Cons: •Some payment and operational charges can apply depending on usage mode. •Full-service advisory depth is lower than many traditional full-service brokers.	•Pros: •Robust integrated banking-broking setup. •Broad product basket and research availability. •Strong brand and support infrastructure. •Cons: •Brokerage can be high versus discount peers without optimized plan selection. •Charges and plan structure can feel complex for new users.

Final Note

Use this side-by-side comparison as a starting point and verify the latest brokerage and compliance details on official broker pages before taking decisions.