ICICI Direct vs 5paisa
Comparison of charges, features, and platform quality. Both ICICI Direct and 5paisa are popular choices, but they cater to slightly different types of investors. One is a low-cost discount broker, while the other offers premium full-service features.
Our Verdict
This is a comparison between a Discount Broker (5paisa) and a Full-Service Broker (ICICI Direct).
Choose 5paisa if:
- You want to save massively on brokerage fees.
- You don't need stock tips or a relationship manager.
Choose ICICI Direct if:
- You are a beginner needing guidance & research reports.
- You prefer offline support or a relationship manager.
At a Glance Comparison
| Feature | | |
|---|---|---|
| Broker Type | Full-Service / Hybrid | Discount |
| Account Opening | ₹975 (Prime) | ₹0 (Free) |
| AMC (Yearly) | ₹700/year | ₹300/year |
| Equity Delivery | 0.55% | ₹20 |
| Intraday Tradng | 0.05% | ₹20 |
| Active Clients | 50 Lakhs+ | 35 Lakhs+ |
| Rating | 4 | 4.2 |
| Best For | Investors, Beginners | Beginners, Intraday |
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Brokerage Charges Explained
ICICI Direct Fees
For equity delivery, 0.55% applies. If you trade Intraday, you pay 0.05% per order.
This makes it suitable for investors.
5paisa Fees
For equity delivery, ₹20 applies. If you trade Intraday, you pay ₹20 per order.
This makes it suitable for frequent traders.
Trading Platform & App
ICICI DirectICICI Direct's platform is known for being comprehensive. It is generally considered very easy to learn.
5paisa5paisa's platform focuses on research and data. Users find it extremely beginner friendly.
Choose ICICI Direct if:
- You are looking for the best platform for Investors.
- You are looking for the best platform for Beginners.
- You prefer 3-in-1 account features.
Choose 5paisa if:
- You are looking for the best platform for Beginners.
- You are looking for the best platform for Intraday.
- You prefer flat brokerage features.
Pros & Cons Comparison
ICICI Direct
Advantages
- 3-in-1 Account (Bank+Demat+Trading)
- Wide range of financial products
- Trust factor
Disadvantages
- Very high brokerage
- Pushy relationship managers
5paisa
Advantages
- Flat fee per order
- Good mobile app
- Research and tips included
Disadvantages
- Customer support issues
- Hidden charges reported by users
