5paisa Review

(3)
Discount Broker Depository: CDSL
75

5paisa a discount broker provides tools and features relevant to both traders and investors. It is one of the fastest growing discount brokers in India. 5paisa has an active client base of 5,06,960 as of November 2024.

Product Basket

The segments in which you can invest (includes Equity, Commodity, Currency, Futures and Options) through this broker

Equity
Commodity
Currency
Futures
Options
Brokerage Plans:

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.

Charges

Account Opening Charges

Free

Account Maintenance Charges

₹ 300

Call & Trade Charges

Free
Brokerage

Equity Delivery Brokerage

₹ 20

Equity Intraday Brokerage

₹ 20

Equity Futures Brokerage

₹ 20

Equity Options Brokerage

₹ 20

Currency Futures Brokerage

₹ 20

Currency Options Brokerage

₹ 10

Commodity Futures Brokerage

₹ 20

Commodity Options Brokerage

₹ 20
Margins

Equity Delivery Margin

5x

Equity Intraday Margin

5x

Equity Futures Margin

0x

Equity Options Margin

0x

Currency Futures Margin

0x

Currency Options Margin

0x

Commodity Futures Margin

0x

Commodity Options Margin

0x
Charges

Account Opening Charges

Free

Account Maintenance Charges

₹ 300

Plan Charges

₹ 499

Call & Trade Charges

Free
Brokerage

Equity Delivery Brokerage

₹ 10

Equity Intraday Brokerage

₹ 10

Equity Futures Brokerage

₹ 10

Equity Options Brokerage

₹ 10

Currency Futures Brokerage

₹ 10

Currency Options Brokerage

₹ 10

Commodity Futures Brokerage

₹ 10

Commodity Options Brokerage

₹ 10
Margins

Equity Delivery Margin

5x

Equity Intraday Margin

5x

Equity Futures Margin

0x

Equity Options Margin

0x

Currency Futures Margin

0x

Currency Options Margin

0x

Commodity Futures Margin

0x

Commodity Options Margin

0x
Charges

Account Opening Charges

Free

Account Maintenance Charges

₹ 300

Plan Charges

₹ 999

Call & Trade Charges

Free
Brokerage

Equity Delivery Brokerage

₹ 0

Equity Intraday Brokerage

₹ 10

Equity Futures Brokerage

₹ 10

Equity Options Brokerage

₹ 10

Currency Futures Brokerage

₹ 10

Currency Options Brokerage

₹ 10

Commodity Futures Brokerage

₹ 10

Commodity Options Brokerage

₹ 10
Margins

Equity Delivery Margin

5x

Equity Intraday Margin

5x

Equity Futures Margin

0x

Equity Options Margin

0x

Currency Futures Margin

0x

Currency Options Margin

0x

Commodity Futures Margin

0x

Commodity Options Margin

0x
Trading Platforms Learn More

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.

Mobile Trading App Trade Station Web Trade Station EXE
Pros

Advantages and Strengths of this broker.

  1. 5Paisa brokerage plans have something for everyone novice, investor or professional trader.
  2. All in one account to invest in stocks, mutual funds, commodities, currency, research, and advisory.
  3. Offers free technical, derivative, and fundamental research with an advanced trading platform for traders.
  4. Free stock research and advisory.
Cons

Disadvantages of this broker that it needs to improve upon.

  1. Customer Service is lagging.
  2. Higher exchange transaction charges in comparison with other discount brokers.
  3. Call & Trade is available at a high additional cost.
  4. 5Paisa does not offer NRI trading services.
Additional Features

Extra features provided by the broker at little or no extra cost. Like research reports, SMS alerts etc.

3 in 1 Account
Free Trading Calls
Free Research Reports
SMS Alerts
Margin Funding
Margin Against Share
Other Investment Options

Services provided by the broker for investing in other financial assets such as Mutual funds, Insurance, Bonds etc.

Mutual Funds
IPO Platform
Bonds & Debt
Exchange Traded Funds
Insurance

Finology Ratings & Reviews for 5paisa

Ratings are provided based on customer service, usability, charges and overall average. Reviews are based on positive and negative aspects of the broker that help you understand this broker better.

Charges

(3.5)

Usability

(3)

Customer Service

(2.7)

Charges Review

  • 5paisa offers flat brokerage charges.
  • They have different brokerage plans for which a premium is charged.
  • The call & trade charges are higher than other brokers.
  • 5paisa provides various services such as portfolio analyzers, monitoring service, etc. with their premium plans.

Customer Service Review

  • 5paisa provides support over call & email, but as per customer reviews, the response is delayed.
  • Automated chat support is available, and they also offer an option to raise a ticket.
  • FAQs are categorically available on the website.

Ease of Use Review

  • The trading platforms are user friendly.
  • Platforms with terminal experience are available at an extra charge.
  • Back office is integrated with the trading platform.
  • Educational content is adequately available on the website.
  • Single platform can be used to invest in insurance, mutual funds etc.

Account Opening Procedure Review

  • The online account opening process is easy for individual accounts.
  • Submitting a physical copy of the POA form is mandatory.
  • The offline process is cumbersome and time consuming.
  • They do not have much physical presence and do not support NRI accounts as well.

Why Choose 5paisa? Know Everything about 5paisa here.

Verdict 

5Paisa offers advanced trading tools, flat brokerage plans, technical support, and curated packages of brokerage services to meet the needs of different investors and traders. It also provides its users backup support in free research and stock picks as well as three different plans at an added cost. Other great facets of 5 Paisa that attract investors are the educational content and market guides to shape their thinking.

If you are a trader, the broker provides you with

  • 5Paisa School App to learn trading with ease.

  • Software and premium plans for advanced trading facilities.

  • Margin facilities to leverage trades.

  • All trading features at one spot- 5Paisa Trading App.

  • Shortcut keys to execute faster trades. 

If you are an investor, the broker provides you with

  • The premium plan includes an intelligent portfolio, an in-depth analyzing tool, and research reports for better decision-making.

  • Stock ideas for long-term investments in premium subscriptions.

  • Single platform for investing in stocks, insurance, mutual funds, etc. 

  • A well-drafted knowledge center for investor education.

Trading Tools

5Paisa offers three trading platforms through which you can conveniently create and manage your portfolio investments. These platforms are available on different devices as follows:

5paisa Mobile Trading App

The 5Paisa Mobile Trading App can be a great go-to solution for beginners. It offers an attractive interface with the advantage of algorithmic trading, built-in research, and customizable watchlists. It comprises the following features:

  • The advisory that allows goal-specific idea selection
  • Real-time market data, real-time stock quotes, and stock price updates
  • Advanced charts and watchlists for detailed analysis
  • Hassle-free buy/sell

5 Paisa Trade Station Web 

Most apps have either a desktop user interface or an application. Since it’s a web-based terminal user can access it through mobile and desktop. The features it offers are:

  • Built-in technical analysis to evaluate trading opportunities 
  • Stock data and chart insights to help determine market entry
  • Margin facilities to leverage
  • Advanced charting to track stock trends with 140+ built-in studies

Trade Station EXE

5 Paisa Trade Station EXE is a terminal for traders that allows them to execute trades quickly and add multiple watchlists as well as workspaces to track and stay updated with preferred stocks. Some more features include:

  • Numerous order functionality and portfolio monitoring with a live market order
  • Advanced charting with 140+ built-in studies
  • Trade station scanner which indicates the various technical patterns formation in stocks
  • Various short-cut keys for ultra-fast trading experience

Charges Details

For Equity

CHARGES

DELIVERY

INTRADAY

FUTURES

OPTIONS

Transaction Charges

0.00345% - NSE

0.00345% - BSE

0.00345% - NSE  0.00345% - BSE

0.0020% - NSE

0.053% - NSE

Demat Transaction Charges

0.06% per day

0.06% per day 0.06% per day 0.06% per day

Clearing Charges

As per nse and bse

As per nse and bse

0.0002% - NSE

0.005% - NSE

GST

18% on Brokerage + Transaction + Demat Charges

18% on Brokerage + Transaction

18% on Brokerage + Transaction + Clearing Charges

18% on Brokerage + Transaction + Clearing Charges

STT

0.10%

0.03%

0.02% (Sell Future)

0.1% ( Sell Option )

SEBI Charges

0.00010%

0.00010%

0.00010%

0.00010%

For Commodity

CHARGES

FUTURES

OPTIONS

Transaction Charges

0.0026% - Non Agri

0.05%

Clearing Charges

0.00%

0.00%

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

STT

NA

NA

SEBI Charges

0.00010%

0.00010%

stamp duty

0.02 % or ₹ 200 per crore on by side future

o.003 % or ₹ 300 per crore on buy side options

CTT

 0.01 % for sell future

0.05 % option sell

For Currency

CHARGES

FUTURES

OPTIONS

Transaction Charges

0.0009% - NSE
 

0.035%

Clearing Charges

0.0004% - NSE
0.0004% - BSE

0.025% - NSE
0.025% - BSE

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

STT

NA

NA

SEBI Charges

0.00010%

0.00010%

stamp duty

0.001 % or Rs 10 per crore on buy side

0.001 % or Rs 10 per crore on buy side

5paisa Complaints & Stats

Company name:

5Paisa Capital Limited

Contact:

8976689766

Email:

support@5paisa.com

Active Users:

5,06,960
5paisa Customer Reviews

Overall Rating

3.7

Based on 12 reviews

Rating Summary

5
50%
4
8%
3
8%
2
25%
1
8%

Review Analytics

Platform 0 votes

Charges 0 votes

Transparency 0 votes

Features 0 votes

Customer Support 0 votes

user-photo

rohan gamer

(5)

Posted on 15 Jun 2022

Very good ui

user-photo

ajmal khan

(2)

Posted on 24 Apr 2022

Very expensive

user-photo

anirudrapratapsingh022@gmail.com

(2)

Posted on 28 Nov 2021

Maintenance charge big

user-photo

narottam bag

(5)

Posted on 23 Sep 2021

Best app

user-photo

sudhir keshri

(5)

Posted on 21 Sep 2021

Best all in one discounts broker

user-photo

asad

(5)

Posted on 29 Jul 2021

Good

user-photo

k. ritika

(5)

Posted on 23 Apr 2021

Really recommended

user-photo

sanjay maske

(3)

Posted on 06 Jan 2021

Not very good

user-photo

yogendra

(1)

Posted on 21 Dec 2020

good services for 5 paisa brokrge company

user-photo

darshan koradia

(4)

Posted on 19 Dec 2020

Nice and eay touse

user-photo

junaid sheikh

(5)

Posted on 19 Dec 2020

5paisa is very good discount broker. Its screener is very helpful to analyse stocks

user-photo

abhishek agrawal

(2)

Posted on 18 Dec 2020

Great broker As they assist about any issue and also their CEO talks live on YouTube from time to time and helps investors

Frequently Asked Questions

Yes, 5paisa is a preeminent discounted stockbroker in India. 5paisa Capital Ltd is a publicly-traded and professionally managed company promoted by IIFL founders. It commenced in March 2016 and rose to 2nd largest discount stock broker in India by Dec 2018.

5paisa Demat Account Opening Fee Rs. 0 (Free)

5paisa Demat Account Annual Charges (AMC)  Rs. 540 (*charged as Rs. 45 per traded month)

*per traded month irrespective of the number of trades. So, there will be no charges levied if you do not trade in any particular month. For example, if you Traded 5 times in the month of January then you will be charged a total of Rs. 45+ GST for January.

5paisa runs a partner program where you can refer customers and can earn a share of the brokerage paid by your referral. Up to 50% of brokerage is shared by the company with its partners.

To become a partner, the customer has to register as an AP (Authorized Person) at BSE or NSE. No upfront investment is needed to become a partner. Also, there is no need for the partner to have a formal office, trading terminal or other infrastructure.

  • For 5paisa Website Platform:

      •  Login to the website of 5paisa.

      •  Click on the amount beside Mutual Funds.

      •  Click on Pay out.

  • For 5paisa Mobile Platform:

      •  Login to the 5paisa Mobile App.

      •  Click on the Menu.

      •  Trade.

      •  Funds.

      • Click on Withdraw.

The money will be credited within 24 hours of requesting a pay-out.

In 5paisa, margin blocked is the total money blocked as margin for open positions in F&O. It is done to cover the potential losses; a position can incur. The blocked margin is released once the positions are squared off. The margins offered by 5paisa is 0x to up 20x, to know more Click Here.

The 5paisa mobile trading app offers trading at BSE/NSE and Robo Advisory on the go. It could be downloaded from your Mobile’s app stores. Go to the app store and search for '5paisa' and download the app with the name '5paisa: Stocks, Share Market Trading App, NSE, and BSE'. You can log in using your 5paisa account ID and password. The app can be used to buy stocks, trade-in stock and currency futures & options, invest in mutual funds, ETFs and bonds etc.

5paisa offers different brokerage plans to its customers. The company offers 3 plans; Power Investor Pack, Ultra Trader Pack and Basic. It charges a fixed brokerage fee which varies as per the chosen plan. You can Click 5paisa Review to know more.

5paisa is a trustworthy stockbroker. It is among the top 5 discount brokers in India. 5paisa is registered with SEBI, CDSL, BSE, NSE, and MCX, etc. Also, it is audited regularly by the exchanges and has excellent compliance records. The company’s promoters have a rich experience of 25+ years in the retail broking industry.

5paisa only offers online trading facilities. For trading on 5paisa, you need to open a 2-in-1 demat account and link it with your bank account. Once the account is opened, transfer required funds from the bank to the trading account. You can then trade across exchanges and in a range of segments using any of the trading software offered by 5paisa.

To close a 5Paisa Demat account, contact the support desk or send an email to support@5paisa.com to inform 5Paisa that you wish to close your account. On contacting 5Paisa, you will be sent an account closure form. The following details must be furnished with the account closure form:

  1. Your ID and your Depository Participant ID.

  2. KYC details like name and address that match with details submitted to 5Paisa.

  3. The reason for closing the demat account.

  4. Ensure that there are no dues on your account as well as no untraded securities.

  5. A bank employee must mandatorily submit and verify the self-attested identity proof copy.