Have you made the mind of opening a demat account with the discount broker and start trading in the share market, but somewhere is confused about which stockbroker to connect with. Then, let’s dive deep into the informative piece that discusses the difference between the two most famous brokers, i.e., Groww vs 5paisa. 

But what are the different parameters that can help in comparing both the stockbrokers?  These parameters are listed below:

  • Background of the Company
  • Client Base
  • Account Opening Charges
  • Brokerage Charges
  • Trading Platforms
  • Margin Trading
  • Features of the Account
  • Advisory and Research
  • Customer Support

Moreover, it is also essential to check the profit and loss statement of both the stockbrokers along with the revenue generated and the type of company you are going to connect with.

Why wait for more? Let’s dive into the following segments to discuss the parameters of Groww vs 5paisa.

Difference Between Groww and 5paisa

The very first aspect that is to be checked by the applicant is always the performance of the company that carries the profit, loss, and revenue of the stockbroker. 

Therefore, to consider the same, let’s dive into the following table that carries the information as mentioned above.

From the above table, it can be seen that 5paisa has gained a profit of ₹17.32 crores whereas Groww has shown a loss of ₹7.92 crores.

If taken the revenue into consideration, then it can be seen that 5paisa has shown the revenue of ₹193.86 crores, whereas Groww has shown the revenue of ₹0.76 crores.

So when it comes to sustainability which broker would you trust?

Of course the one with a higher growth percentage. Right?

Here, as per the data, 5paisa would be a better choice if you are looking for a long-term partner in share market investment.

Apart from this, let’s dive into the following table that discusses the basics of the stockbrokers, including the headquarters, founder, exchanges, and depositories with whom the stockbroker is registered, the year of launching, number of clients reported, and the branches. 


On the other hand, both the stockbrokers are depository participants of CDSL. Groww does not have any branches in India, whereas 5paisa has 25 branches all over India.

Now, if talking about the Groww, then it can be seen that the broker emerges in the share market in 2020 and is registered with the NSE and BSE. Whereas 5paisa also came into the game in the year 2016 and is supported by NSE, BSE, and MCX.

So even though both the brokers are discount brokers, still 5paisa offers offline presence and services to its clients. This again makes it a better stockbroker in terms of reliability.

Apart from the above-mentioned basic information, it is also essential to check the complaint percentage of both the stockbrokers. So, to understand the same, refer to the following table.

The above table clearly describes the complaint percentage of both the stockbrokers. 5paisa has the complaint percentage of 0.1%, whereas Groww has shown the data of 0.004%.

So here one can conclude that even though 5paisa has better products and features but when it comes to showing the activity in terms of services, Groww is able to meet the customer demand and hence offering satisfactory services without fail.

Now, it is time to check the following parameters to check every facet individually that can help in knowing the stockbrokers in more detail.

Groww vs 5paisa Charges 

After gaining the information over the basics, it is always important to compare the charges of any services. Therefore for opening the account, the brokers charge some charges like:

Therefore, it is time to check all of these charges one after another. Let’s start with the Demat account charges that are consist of account opening and AMC Charges.

For that, let’s delve into the following table.

But do you think that this is the right parameter to make a decision?Seeing the zero account opening fees and AMC charges, most of the beginners are attracted to the Groww Demat account.

Of course not!

Account opening charges are one-time fees and should not be the only way to choose the stockbroker.

Groww vs 5paisa Brokerage Charges

It is time to check the most important charges of the stockbrokers, i.e., the brokerage charges. The brokerage charges will be levied on both sides, i.e., buying and selling. 

It is also important to note that the 5paisa has two brokerage plans that help the traders to pay lesser brokerage fees. These plans are:

  • Power Investor Pack- Upfront Fee of ₹449 per month
  • Ultra Trader Pack- Upfront Fee of ₹899 per month

On the other side, Groww does not offer any brokerage plans to the customers.

Therefore, to look at the brokerage charges to compare the following parameter of Groww vs 5paisa, let’s dive into the following table.

The above table reveals that 5paisa charges the brokerage charges according to the plan selected, i.e., Power Investor or Ultra Trader Plan. In both the plans, the trader will have to pay the brokerage of ₹10 in all segments per executed order, whereas, with the Ultra Trader Pack, the investor can enjoy the trade as there is no brokerage in delivery.

In the general Plan of 5paisa, the trader will have to pay ₹20 per executed order in all the segments.

If talking about 5paisa, then it can be seen in the above table that the broker charges 0.05% or a flat ₹20.

To understand the brokerage, let’s consider an example.

With a total turnover of ₹90,000. You will have to pay the brokerage of ₹20 on each side with 5paisa General Plan, which means you will be needed to pay ₹40 as a brokerage. 

Whereas, with Groww, you will have to pay ₹45 (90,000*0.05%). 

Thus, 5paisa is cheaper in terms of brokerage, when you are an active trader. However, for small traders with a trading turnover of ₹10k to ₹50k Groww proves to be a better option.

Groww vs 5paisa DP Charges

The following charges in the list are the DP charges. Basically, the DP charges are charged by both the stockbrokers and depositories as they can serve them as a source of income. The part of the DP charges are kept with the stockbrokers, and the rest is sent to the depository.

Moreover, to check the DP charges of both the stockers, let’s refer to the following table.

To understand the DP charges and how it is charged, let’s consider an assumption.

You bought 10 shares of Nureca and 5 shares of GR Infra. Now by selling the shares of Nureca in a single day, you will be paying ₹13.5 to Groww as DP charges and ₹12.5 to 5paisa.

Moreover, if you sell the shares of GR Infra the same day, then you will be paying ₹13.5 for that scrip too. So the total DP charges that will be paid by you to Groww will be ₹27, and to 5paisa, it will be ₹25.

Therefore, in the DP charges, 5aisa tools the lead as it charges less as compared to Groww.

Groww vs 5paisa Account Features 

After looking at the charges, now is the time to check the demat account features offered by both the stockers. 

Let’s shed some light on the services that will be provided by the broker to the traders after opening an account.  These services include:

  • SMS Alert
  • Guest Demo
  • Margin Funding
  • Online Portfolio
  • Referral Program
  • Call and Trade

To check the features mentioned above, let’s review the following table.


Groww does not provide the call and trade to the trader. In contrast, 5paisa offers every facility to the trader apart from the guest demo in the trading app.The above table showcases the facilities that are offered by the stockbroker, where it can be seen that with the Groww, a trader will get the SMS alerts, guest demo, margin funding, online portfolio, and referral program.

Groww vs 5paisa Margin Trading Facility

The brokers allow the margin trading facility where a trader can get the margin to trade according to the preferred value. 

Therefore, to check the margin that is offered by the brokers, i.e., Groww and 5paisa, consider the following table.


To understand the concept of margin, let’s consider a situation.5paisa allows the traders to trade with the 10x of margin, whereas Groww only offers up to 5 times in intraday.

Assume you have ₹800 in the trading account and you want to purchase the stock of L&T that costs ₹1691. With the 5paisa, you can get the margin up to 10 times that displays that you can trade up to ₹16910, and with Groww, along with the margin of up to 5x, you can trade till ₹8455.

As per the update, according to the SEBI new margin rules, the brokers, as well as the traders, will get affected as the lesser brokerage will close the portals to earn higher profits.

As per the new margin rules by SEBI, the brokers can now offer equal margin in all segments, i.e., up to 5 times. 

Groww vs 5paisa Trading Platforms

After opening the account, the traders always look for the best trading platforms in India. Therefore, the next facet in Groww vs 5paisa is the trading platforms.

Therefore, to check the different trading platforms offered by the stockbrokers, let’s dive deep into the following table that consists of the various trading apps of the brokers.

To know more, here we go!!

To know the same, check the following table.The table mentioned above reveals the different trading platforms of both Groww and 5paisa. Apart from this, the following table differentiates the app according to the web, mobile, desktop, and additional apps.


Whereas, Groww only provides the web and mobile app to the customers. Groww has a web application by the name TradeStation Web; along with this, the broker offers the desktop app as TradeStation 2.0 and mobile app. In addition to this, 5paisa also provides an additional application, i.e., 5paisa School App, to the customer that helps in gaining information and knowledge over the share market.

After checking out the different trading applications, now let’s check the two aspects that help the traders and investors the most in the trading journey, i.e., technical indicators and charts. 

Therefore, the following table discusses the number of technical indicators and charts in both trading apps of the stockbrokers.


If the trading platform is taken into consideration, then it can be seen that the 5paisa trading platforms are more superior to Groww trading platforms.It is absolutely true that both the stockbrokers offer more than 100 technical indicators whereas, in terms of charts, 5paisa offers 14 charts and Groww offers 15 charts to the customers.

Groww only provides the facility to trade either from mobile or web. At the same time, 5paisa allows the trader to choose the app as per the preferences like web, mobile, or desktop app. Additionally, the broker offers the extra platform to the trader to gain knowledge on the stock market with the 5paisa school app.

Groww vs 5paisa Algo Trading Platforms

Algo trading is taking the eyes of the traders and investors and also became the prominent factor for the customers. So to get the next parameter of Groww vs 5paisa now is the time to check the algo trading platforms of the stockbroker.

For that, let’s dive into the following table.


So here, in the facet of algo trading, 5paisa took the lead. So, to get the gist of the information, it is essential to note down that Groww does not offer any Algo trading platform to the traders. In contrast, by whereas by connecting to 5paisa, the customers will get the opportunity for robo trading.

Groww vs 5paisa Research and Advisory 

The next facet to compare is the research and advisory facilities of the stockbrokers. Most of th newbies and sometimes the traders with hectic daily schedule prefers to connect to the type of broker that offers the advisory and research facilities to trade efficiently in virtuous stocks. 

The research and advisory services consist of:

  • Daily Market Reports
  • Free Tips
  • News Alerts
  • Fundamental, Company and IPO Reports
  • Offline Advisory
  • Relationship Manager

Therefore, if you are looking for the following comparison parameter, then it is essential to check the following table.


Likewise, 5paisa now attain another score to support the traders.From the above table, it can be seen that Groww does not offer any services for advisory and research whereas, 5paisa allows the IPO reports and relationship managers to the customers.

Groww vs 5paisa Customer Support

After getting all the information, you are ready to open the Demat account with the selective stockbroker. To whom do you select to go? 

Before deciding on a brand, stop, recall and understand. Here, a significant parameter is left out of the discussion, i.e., Customer Support.

What if you face any difficulty in trading and at the same time have a query to be resolved out? Here, customer support will help the traders and investors. 

With the following table, let’s check what type of customer support services are offered by the stockbrokers.

 

By connecting to Groww, the customers can get connected to the customer support services through email, chat, or toll-free numbers. Whereas with the 5paisa, the customer can get linked to customer support through online trading, email, chat, and toll-free number.

Which is better, Groww or 5paisa?

Now, at last, it is the right time to check the rating and reviews of both the stockbroker for coming to a conclusion. 

With the following table, it will be easier to select the stockbroker by checking out the evaluation given on various parameters like:

  • Brand Equity
  • Brokerage and Other Charges
  • Performance of the trading platforms
  • Customer services of the stockbrokers
  • Research and Advisory
  • Mobile Trading 


Be it, new beginners and experts, 5paisa allows trading efficiently through its different best trading platforms in India. From the ratings as mentioned in the above table, it can be clearly seen that 5paisa offers better services and opportunities to the customers as compared to Groww. 

Apart from the data mentioned above, it is vital to be picky according to the preferences and trading style.

Therefore, it is the right time to research, explore, and trade!!

So research compares and open a Demat account with the renowned stockbroker now. Get in touch with us and we will assist you in opening a demat account online for FREE

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