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IIFL Securities vs 5paisa

Comparison of charges, features, and platform quality. Both IIFL Securities 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 (IIFL Securities).

5paisa

Choose 5paisa if:

  • You want to save massively on brokerage fees.
  • You don't need stock tips or a relationship manager.
IIFL Securities

Choose IIFL Securities if:

  • You are a beginner needing guidance & research reports.
  • You prefer offline support or a relationship manager.
Explore IIFL SecuritiesExplore 5paisa

At a Glance Comparison

Feature
IIFL Securities
IIFL Securities
5paisa
5paisa
Broker TypeFull-Service / HybridDiscount
Account Opening₹0 (Free)₹0 (Free)
AMC (Yearly)₹400/year₹300/year
Equity Delivery0.25%₹20
Intraday Tradng0.025%₹20
Active Clients12 Lakhs+35 Lakhs+
Rating4.14.2
Best ForIntraday, InvestorsBeginners, Intraday
Pros
  • Markets app is good
  • Research inputs
  • Performance analysis tools
  • Flat fee per order
  • Good mobile app
  • Research and tips included
Cons
  • Relationship manager calls
  • Charges can vary
  • Customer support issues
  • Hidden charges reported by users

Brokerage Charges Explained

IIFL Securities Fees

For equity delivery, 0.25% applies. If you trade Intraday, you pay 0.025% per order.
This makes it suitable for frequent traders.

5paisa Fees

For equity delivery, ₹20 applies. If you trade Intraday, you pay ₹20 per order.
This makes it suitable for frequent traders.

* Hidden costs: Remember to account for annual maintenance charges (IIFL Securities: ₹400/year, 5paisa: ₹300/year).

Trading Platform & App

IIFL SecuritiesIIFL Securities
App Rating4.1/5

IIFL Securities's platform is known for being comprehensive. It is generally considered robust for advanced analysis.

5paisa5paisa
App Rating4.2/5

5paisa's platform focuses on research and data. Users find it extremely beginner friendly.

Choose IIFL Securities if:

  • You are looking for the best platform for Intraday.
  • You are looking for the best platform for Investors.
  • You prefer full service 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

IIFL Securities

Advantages

  • Markets app is good
  • Research inputs
  • Performance analysis tools

Disadvantages

  • Relationship manager calls
  • Charges can vary

5paisa

Advantages

  • Flat fee per order
  • Good mobile app
  • Research and tips included

Disadvantages

  • Customer support issues
  • Hidden charges reported by users

Common Questions

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Ready to choose?

Open IIFL Securities AccountOpen 5paisa Account