5paisa Vs IIFL NRI Account Comparison

The side-by-side comparison of 5paisa and IIFL NRI Account. Compare 5paisa Vs IIFL NRI Account brokerage charges, exposure margin, demat account and AMC. Read IIFL and 5paisa NRI Account reviews.

Find out 5paisa Vs IIFL which is better NRI Trading Account. See 5paisa Vs IIFL which is best NRI Demat Account.

Our 5paisa Capital Ltd comparison with IIFL Securities Limited highlights the major differences between two brokers. Find the best between 5paisa and IIFL NRI Account.

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5paisa Vs IIFL

  5paisa IIFL
 
5paisa Capital Ltd Logo IIFL Securities Limited Logo
About the Broker 5paisa does not offer NRI trading and demat account. As per the company representative on 22nd July 2019, "We wish to inform you that currently we are not offering our services to NRIs, only Resident Indians can open an account with us. ... Know more about 5paisa Capital Ltd IIFL Securities is a full-service broker offering online trading services to NRIs. It offers 2-in-1 accounts, combining demat and trading accounts, to NRIs. The 2-in-1 account enables trading across stocks, equity derivatives and investments in Mutua... Know more about IIFL Securities Limited
Account Type NA NRI Account
Broker Enquiry Open an Online Trading Account with 5paisa. Leave your contact info and we will get in touch with you. Open an Online Trading Account with IIFL. Leave your contact info and we will get in touch with you.
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5paisa Vs IIFL Charges

  5paisa IIFL
NRI Account Opening Fees NA ₹750
NRI Account AMC NA ₹400 + GST
NRI Demat Account Opening Fees ₹0 (Free) ₹555
NRI Demat Account AMC ₹540 (Free with Subscription Plan) ₹ 400 (One time)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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5paisa Vs IIFL NRI Account Brokerage Comparison

Brokerage Plan

  5paisa IIFL
Account Type NA NRI Account
Equity Delivery NA 0.50%
Equity Futures NA
Equity Options NA

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges NA
TDS Charges on Long Term Gain (Holding > 365 Days) 11.96% 11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days) 17.94% 17.94%
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5paisa Vs IIFL NRI Account Taxes/Fees

  5paisa IIFL
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
Exchange Transaction Charges Check Exchange Transaction Fee
SEBI Charges ₹15 per Crore ₹15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. 0.01% on delivery based turnover and 0.002% on non-delivery based turnover.
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5paisa Vs IIFL NRI Account Exposure Margin

  5paisa IIFL
Equity Delivery
Equity Futures
Equity Options
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5paisa and IIFL NRI Account Feature Comparison

  5paisa IIFL
3-in-1 Account No No
Automated Trading No No
Free Research And Tips No Yes
Other Features
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5paisa Vs IIFL NRI Account Review

  5paisa IIFL
  59 Customer Reviews    Rate 5paisa 108 Customer Reviews    Rate IIFL
Fees 3.1 2.9
Brokerage 3.9 2.6
Trading Platform 2.8 3.3
Customer Service 2.2 2.7
Overall Rating Rated 2.9 stars Rated 2.7 stars
Broker Rating 5paisa is Rated 2.9 / 5 based on 59 customer reviews IIFL is Rated 2.7 / 5 based on 108 customer reviews
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Contact Broker / Request A Call Back

  5paisa IIFL
Contact Broker
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5paisa Vs IIFL NRI Investment Options

  5paisa IIFL
Stocks No Yes
Initial Public Offers (IPO) No Yes
Mutual Funds No Yes
Other Investment Options
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5paisa Vs IIFL NRI Customer Service

  5paisa IIFL
Customer Care Number NA +91 22 4007 1000
Customer Care Email NA cs@indiainfoline.com
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5paisa Vs IIFL Order Type Offered for NRI Account

  5paisa IIFL
Bracket Order No No
Cover Order No No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) No No
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5paisa Vs IIFL - NRI Account Advantages and Disadvantages

  5paisa IIFL
Pros
  • Full-service broker with a dedicated relationship manager, research reports and a wide range of products & services.
  • Online account opening process for NRIs.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Part of IIFL Group, a financial services conglomerate.
Cons
  • 5paisa does not offer NRI trading and demat account.
  • Charges high brokerage as compared to discount brokers such as Zerodha and ProStocks.
  • Doesn't offer an NRI 3-in-1 account. NRIs have to open an NRI bank account and custodian account on their own.
Conclusion

5paisa, the 2nd largest discount stock broker in India, doesn't offer services to NRI customer. If you are an NRI and looking for an online discount broker for investing in India, you should consider Zerodha or ProStocks.

If you recently become an NRI and have a resident account with 5paisa, you have to close it and open a new account with another broker who offers NRI services.

IIFL is a reputed full-service broker. It offers NRI Trading & Demat account facility for NRIs. IIFL also offers an online mutual fund platform to NRIs. IIFL Securities has a dedicated research team that provides insights on the economy and markets to its customers. The company has its offices in multiple locations across the globe that allows NRIs to avail branch services. The brokerage charges are on the higher side which makes it an expensive broker for NRIs.

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