Both brokers offer investments in equity, F&O, currency, and commodities and are registered with SEBI. Whereas 5paisa’s brokerage is limited to Rs. 20 each trade, HDFC Sky’s brokerage is limited to Rs. 20 per trade. They are both discount brokers. Both brokers receive an equal overall rating of four out of five. There are 10,97,747 active customers for HDFC Sky and 5,49,047 active customers for 5paisa. In comparison to 5paisa, HDFC Sky serves a larger consumer base.
Here is a side-by-side comparison of Indian share brokers HDFC Sky and 5paisa. For easy decision-making, the comparison is predicated on more than 100 parameters. With regard to brokerage plans, plan types, customer service, maintenance costs, AMC, trading platforms, ratings, reviews, mobile apps, margin/leverage/exposure, demat accounts, and investment options offered to share brokers in India, we have specifically compared HDFC Sky and 5paisa. This will assist you in making decisions and provide clarity so that you can select the finest broker for your needs. We also assist guests in opening accounts.
Here is a side-by-side comparison of Indian share brokers HDFC Sky and 5paisa. For easy decision-making, the comparison is predicated on more than 100 parameters.
Specifically, we have contrasted 5paisa’s and HDFC Sky’s on
- Plans for brokers
- Plan kinds
- Maintenance costs for customer service
- Reviews of AMC Trading Platforms’ Ratings
- Mobile App Exposure, Margin, and Leverage
- Investment Options with Demat Accounts
and a plethora of more qualities
This will assist you in reaching a decision and provide clarity so that you may select the ideal broker for your needs. We also assist guests in opening accounts.
Compare the services of HDFC Sky with 5paisa.
| HDFC SKY | 5PAISA | |
| Overall Rating | 4 star | 4 star |
| Brokerage Charges | 3 star | 4 star |
| Trading Platform | 4.5 star | 4 star |
| Investments Offering | 4.5 star | 4 star |
| Customer Service | 3.5 star | 4 star |
| Broker Type | Discount Broker | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX | BSE, NSE, MCX, NCDEX |
| Active Clients | 10,97,747 | 5,49,047 |
| Broker Overview | The only bank-based cheap stock broker in India is called HDFC Sky. Free demat and trading account opening, a maximum brokerage price of Rs 20 per order for all segments, an easy-to-use yet sophisticated user interface, the HDFC Sky mobile app, and free research and assistance are all included. | With a highly competitive pricing approach, zero commission on mutual fund investments, robust in-house trading platforms for PC, mobile, and app, and a Robo Advisory platform, 5paisa is the fastest-growing discount brokerage company in India. |
AMC and Account Opening Fees
Compare the Trading & Demat Account Opening Fees between HDFC Sky and 5paisa.
Comparison of the trading, demat account opening, and AMC fees between HDFC Sky and 5paisa. Trading account opening fees: Free trading account opening is provided by both brokers. Charges for Demat AMC: 5paisa charges Rs 300 PA AMC for Demat accounts, while HDFC Sky charges Rs 240 PA (free for the first year.
Opening Fees for Trading and Demat Accounts: Evaluate HDFC Sky and 5paisa
| Charges | HDFC Sky | 5paisa |
| Trading Account Opening Fees | Free | Free |
| Trading AMC | Free | Free |
| Demat Account Opening Fees | Free | Free |
| Demat AMC | Rs 240 PA (Free for 1st year) | Rs 300 PA |
| Provide DP Service |  | |
Concerning Brokerage Plans
Compare the plan options of HDFC Sky and 5paisa.
Plans are the most crucial component to consider when contrasting 5paisa with HDFC Sky. This section provides a high-level comparison of the various plans that brokers offer. Multiple Plans: Whereas HDFC Sky does not offer Multiple Plans, 5paisa does. No monthly plans are offered by either of the brokers.
Compare the plan options for HDFC Sky and 5paisa.
| Plan Types | HDFC Sky | 5paisa |
| Multiple Plans |  | |
| Monthly Plans | | |
| Yearly Plans | | |
Brokerage Fees: Evaluate the differences between HDFC Sky and 5paisa.
Details of the HDFC Sky Brokerage Plan HDFC Sky has a set price structure with a maximum brokerage cost of Rs 20 per order for all segments.
Information about the 5paisa Brokerage Plan: 5paisa is a discount broker that charges a fixed cost of Rs 20 for each executed equity cash, equity F&O, currency, and commodity order. The greatest brokerage house in India offers the lowest brokerage plan here.
Brokerage Fees: Evaluate HDFC Sky and 5paisa
| Brokerage Charges Compare | HDFC Sky | 5paisa |
| Plan Name | Fixed pricing model | Basic Plan |
| Equity Delivery | 0.1% or Rs 20 whichever is lower | Flat Fee Rs 20 |
| Equity Intraday | 0.1% or Rs 20 whichever is lower | Flat Fee Rs 20 |
| Equity Futures | 0.1% or Rs 20 whichever is lower | Flat Fee Rs 20 |
| Equity Options | Flat Fee Rs 20 | Flat Fee Rs 20 |
| Currency Futures | 0.1% or Rs 20 whichever is lower | Flat Fee Rs 20 |
| Currency Options | Flat Fee Rs 20 | Flat Fee Rs 20 |
| Commodity Trading | Flat Fee Rs 20 | Flat Fee Rs 20 |
| Minimum Brokerage | NIL | NA |
| Hidden Charges | No | No |
| Funding | Yes – 12% interest PA | Yes – 18% interest PA |
| Call & Trade Charges | Rs 20 per call | Rs 100 per call(No limit of orders) |
| Auto Square off Charges | 0.1% or Rs 20 whichever is lower | Rs 100 per call(No limit of orders) |
Transfer Fees for Stock Brokers
Compare the transaction charges of HDFC Sky and 5paisa.
In terms of transaction fees and PCM fees by segment, compare HDFC Sky and 5paisa.
Transaction Fees: HDFC Sky vs 5paisa Comparison
| Transaction Charges Compare Commodity NA Rs 260 Per Cr | HDFC Sky | 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 |
Features of Accounts
Compare the account features of HDFC Sky with 5paisa.
In terms of account features like 3-in-1 accounts, margin trading funding, NRI trading, algo trading, and many more, compare HDFC Sky and 5paisa. Type of Account: HDFC While 5paisa only offers 2-in-1 accounts that contain trading and demat accounts, Sky offers 3-in-1 accounts. Algo Trading: HDFC Sky does not offer Algo Trading; however, 5paisa does. Funding on Margin: Both brokers provide funding on margin. Repayment of interest is required for borrowed funds. NRI Trading: 5paisa does not offer NRI Trading; HDFC Sky does.
Features of the account: HDFC Sky with 5paisa
| Account Features Compare | HDFC Sky | 5paisa |
| 3 in 1 Account | | |
| Charting | | |
| Algo Trading | | |
| SMS Alerts | | |
| Online Demo | | |
| Online Portfolio | | |
| Margin Trading Funding Available | | |
| Combined Ledger for Equity and Commodity | | |
| Intraday Square-off Time | 3:15 PM | 3:15 PM |
| NRI Trading | | |
| Other Features | NIL | NIL |
Trading Platform: Trade Platform comparison between HDFC Sky and 5paisa
We have compared all the key aspects of the trading platform between HDFC Sky and 5paisa with the help of our knowledgeable research team. The Desktop Trading Platform, Web, Mobile for Windows, Android, and iOS are all included in this comparison. For convenience, we have included links to download the mobile app and links to the demo.
Trading Platform: A Comparison Between 5paisa and HDFC Sky
| Trading Platform Compare | HDFC Sky | 5paisa |
| Desktop Trading Platform | HDFC Sky | 5paisaTradeStation |
| Desktop Demo | Desktop Demo | Desktop Demo |
| Desktop Platform (Windows) | | |
| Desktop Platform (Mac) | | |
| Web Trading Platform | | |
| Web Trading Detail | https://hdfcsky.com/ | https://www.5paisa.com/online-trading |
| Web Trading Demo | Web Trading Demo | Web Trading Demo |
| Mobile Site | | |
| Mobile Trading | | |
| Mobile Trading App | HDFC Sky App | 5paisa Mobile App |
| Mobile Trading App Demo | HDFC Sky App Demo | 5paisa Mobile App Demo |
| Android Mobile App | | |
| Android App Download | Andriod HDFC Sky App Download | Andriod 5paisa Mobile App Download |
| iPhone Mobile App (IOS) | | |
| iOS App Download | iOS HDFC Sky App Download | iOS 5paisa Mobile App Download |
| Android Tablet App | | |
| iPad App (IOS) | | |
| Trading Software Charges | Free | Free |
| Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for HDFC Sky | Equity Intraday and Delivery Brokerage Calculator for 5paisa |
| Futures Brokerage Calculator | Futures Brokerage Calculator for HDFC Sky | Futures Brokerage Calculator for 5paisa |
| Options Brokerage Calculator | Options Brokerage Calculator for HDFC Sky | Options Brokerage Calculator for 5paisa |
| Detail | Detail on Trading Platforms for hdfc-sky | Detail on Trading Platforms for 5paisa |
Investment Opportunities
Compare the investment offerings of HDFC Sky with 5paisa.
When it comes to investment offerings such as online applications for initial public offerings (IPOs), equity cash and F&O, currency, commodities trading, mutual funds investment, bonds/NCD, EFT, banking, insurance, forex trading, mutual funds SIP, equity SIP, and PMS services, compare HDFC Sky with 5paisa. Equity and equity derivatives: On the NSE and BSE exchanges, both brokers provide trading and investing opportunities in equity and equity derivatives. Commodity Trading: Both brokers provide opportunities for trading in commodities (MCX). Online Mutual Fund Investment: Both brokers provide the opportunity to invest in mutual funds online. PMS, or portfolio management services, are not offered by any broker.
Investment Opportunities: A Comparison between HDFC Sky and 5paisa
| Investment Offerings Compare | HDFC Sky | 5paisa |
| Equity Cash and F&O | | |
| Currency Deravitives | | |
| Commodity | | |
| Online IPO Application | | |
| Mutual Funds | | |
| Bond / NCD | | |
| ETF | | |
| Banking | | |
| Insurance | | |
| Forex | | |
| MF SIP Investment | | |
| Equity SIP Investment | | |
| PMS Service | | |
| Other Investment Options | NIL | NIL |
Compare the Demat Account fees of HDFC Sky and 5paisa.
Compare the Demat Service and Charges of HDFC Sky and 5paisa.
When comparing Broker A and Broker B on a Demat account, our primary focus lies on two aspects: specifically, Debit Transaction Charges and Demat AMC.
The annual maintenance charges (AMC) for a demat account are what one must pay. Certain brokers provide Demat AMC at no cost, while others charge a one-time or annual fee. When opening a Demat account, one should take this recurrent expense into mind.
For 5paisa, the demat AMC is ?300 pa, but HDFC Sky charges ?750 pa.
Transaction costs on the debit of shares or mutual funds are the second charge we wish to talk about. Debit transaction fees apply to script sales for IPOs, MFs, and delivery trading. These fees are separate from your brokerage and additional regularity charges that you will incur.
For HDFC Sky, the transaction fees upon ISIN debit are 0.04% (minimum ?20) plus CDSL charges; whereas, in contrast, 5paisa charges ?12.50 per ISIN. These charges are shown on your demat account under the debit of equity/mutual funds.
This section includes information about demat fees, demat services, and other topics.
Demat Fees: Evaluate HDFC Sky and 5paisa
| HDFC Sky | 5paisa | |
| DP Source | CDSL | CDSL |
| DP ID | CDSL: 1209 | 82500 |
| Demat Account Annual Maintenance Charges(AMC) | ?750 pa | ?300 pa |
| Advance Deposit | Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- | NIL |
| Statutory charges | NIL | NIL |
| Transaction Charges on Debit (Per ISIN) | 0.04% (Min ?20) + CDSL charges | ?12.50 per ISIN |
| Demat | ?5 per certificate + ?35 request charges | ?15 per certificate |
| Remat | ?30 | ?15 for every hundred securities or ?15 per certificate whichever is higher |
| Pledge Creation | Nil | ?12.50 per script |
| Pledge Creation Confirmation | 0.04% of transaction value (Min ?40) | NIL |
| Pledge Closure | NIL | ?12.50 per script |
| Pledge Closure Confirmation | 0.04% of transaction value (Min ?40) | NIL |
| Pledge Invocation | 0.04% of transaction value (Min ?40) | NIL |
| Failed Instruction Charges | NIL | NIL |
| Other Charges | NIL | NIL |
Special Offers, Benefits, and Drawbacks
Compare the general features, benefits, drawbacks, payout alternatives, payment times, bank assistance, fees, special offers, and promotions of HDFC Sky and 5paisa.
Compare the special offers and promotions of HDFC Sky with 5paisa.
| HDFC Sky | 5paisa | |
| Pay In and Pay Out Options | Add to or pay in with a check or an online bank transfer from HDFC Bank. Payout or Fund Withdrawal: Only via Bank Transfer. | Check, online bank transfer via IMPS, NEFT, or RTGS, UPI, Netbanking/Payment Gateway from 5Paisa trader, or back office are the methods available for pay-in or adding funds. Payout/Withdrawal of Funds: Only via Bank Transfer |
| Payout Time | Instant to HDFC Bank. | Max 24 hrs except bank holidays |
| 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 | Direct from your HDFC bank account. | 5paisa, Account Number:5PAISA Bank and Branch: Yes Bank, CMS National Operating Centre MMR Account Type: Current Account IFSC Code: YESB0CMSNOC |
| Likes | Here are some compelling arguments for trading with HDFC Sky if you’re curious; instantaneous account opening without paper work – No setup fees or annual maintenance costs for the first year of the account – Invest in commodities, currencies, F&O, and stocks. – Invest in over 2,000 mutual funds offered by over 29 fund houses. – lowest brokerage charge per order is Rs 20. – Investment in mutual funds with no commission. – Invest in mutual fund programs that are advised by experts. – Investing in US equities and ETFs on a global scale Stacks: US stock and ETF basket assembled by experts – Trade whenever it suits you, using the HDFC Sky app or online. – Make advance orders for things like GTT, basket, bracket, and cover. – Free study reports and trade calls or tips every day. – A platform for learning for beginners to experts – No commitments to a minimum balance – No unstated fees | – Free account opening service Innovative trading platforms and goods – Free or zero rupee commission investment in US stocks and mutual funds. – Super Saver Packs offer the lowest brokerage plans. – Delivery of equities in the super saving pack with no brokerage – For the younger generation, ages 18 to 23, there is no brokerage. – It provides a free trading course. – FinSchool for novices – The 5Paisa Algo trading app’s sophisticated trading platform and 5Paisa API enable traders to access real-time market analysis from a variety of sources. – Calls and recommendations on well-researched stocks – Numerous trading and investment items, including stocks, MFs, IPOs, and currencies – Resolve client complaints right away by phone or email. – a safe and secure mobile application to safeguard the information of its users. |
| Dislikes | While Zerodha provides free delivery trading, delivery trading is not free on Zerodha. There isn’t any desktop trading software available. There are no direct mutual funds available. | Exorbitant call and transaction fees of INR 100 each call. There are no NRI trading services provided by 5paisa. There isn’t a 3-in-1 account opening option available. The base plan of 5paisa does not offer free delivery trading. |