by admin | May 23, 2024

5Paisa provides advanced trading tools, flat brokerage plans, technical support, and customized packages of brokerage services for different investors and traders. It also gives its users free research and stock picks as backup support and three different plans at an extra cost. Other features of 5 Paisa that appeal to investors are the educational content and market guides to help them make better decisions.

Let’s start this 5Paisa review with a brief overview of the company. 

5Paisa Review

5Paisa Overview

Company TypePublic
HeadquartersMumbai
FounderNirmal Jain
Establishment Year2016
Broker TypeDiscount Broker
Active Clients5 Lakh+
Account Opening ChargesFree

5Paisa is a website for trading and broking in India. It started in 2016. It’s part of IIFL Holdings Limited, a big financial services group in India. On 5 Paisa, people can trade in stocks, commodities, currency, and more. They charge ₹20 for each order. They also offer research, advice, and other services. In 2018, 5Paisa got the “Best Digital Startup of the Year” Award.

Features of 5Paisa

  • Multiple Products: Invest in equities, derivatives, commodities, currencies, IPOs, insurance, and even US stocks – all from one account.
  • Flat Brokerage: Trade with a simple and transparent flat fee of Rs. 20 per order across all segments.
  • Lower Brokerage Options: Enjoy lower fees of Rs. 10 per order with 5paisa’s paid brokerage plans.
  • All-in-One Account: Open a single account for Demat, Trading, and a free 5paisa Mutual Fund account.
  • Fast and Easy Account Opening: Get started in just 5 minutes with a paperless process.
  • Commission-Free Mutual Funds: Invest in over 9,000 mutual fund schemes without any brokerage or commission.
  • Seamless Fund Transfers: Transfer funds effortlessly via UPI and IMPS for free.
  • Expert Insights: Get access to actionable intraday trading ideas and fundamental research on 4,000+ stocks.
  • Advanced Trading Platforms: Trade with ease on the intuitive 5 paisa Trading App, Trade Station 2.0, or the website.
  • Personalized Investment Guidance: Receive custom-crafted research and investment ideas, along with portfolio advisory services through 5 paisa Wealth.

5Paisa brokerage charges

Brokerage Charges
Add-on-Packs
Plan NameBasicUltra Trader Pack (Rs.999/Month)Power Investor Pack (Rs.499/Month)
A/C Opening ChargesFreeFreeFree
5Paisa AMCAnnual Maintenance Charge ₹0 for less than ₹50,000 holding value up to 1 Demat account.

₹8 for ₹50,000 to ₹2,00,000 holding value up to 1 Demat account.

₹25 for holding value above ₹2,00,000 up to 1 Demat account.

₹25 for holding value ₹2,00,000 & number of Demat accounts across brokers is more than 1.
Annual Maintenance Charge ₹0 for less that ₹50,000 holding value up to 1 Demat account.

₹8 for ₹50,000 holding value to ₹2,00,000 up to 1 Demat account.

₹25 for more than ₹2,00,000 holding value up to 1 Demat account.

₹25 for holding value less than ₹2,00,000 & number of Demat accounts across brokers is more than 1.
Annual Maintenance Charge ₹0 for holding value less than ₹50,000 up to 1 Demat account.

₹8 for is ₹50,000 to ₹2,00,000 holding value up to 1 Demat account.

₹25 for more than ₹2,00,000 holding value up to 1 Demat account.

₹25 for less than ₹2,00,000 holding value & number of Demat accounts across brokers is more than 1.
Call & Trade ChargesFreeFreeFree
DP ChargesDP Transaction Charge Debit ₹12.5 per scrip, (When you sell shares, this charge is levied)ZeroDP Transaction Charge Debit ₹12.5 per scrip, (When you sell shares, this charge is levied)

5Paisa Equity Brokerages charges

Brokerage ChargesAdd-on-Packs
Plan NameBasicUltra Trader Pack (Rs.999/Month)Power Investor Pack (Rs.499/Month)
Equity Delivery BrokeragesRs.20/ per orderZero BrokerageRs.10/ Per Order
Equity Intraday BrokeragesRs.20/ per orderRs.10/ Per OrderRs.10/ Per Order
Equity Future Brokerages – IntradayRs.20/ per orderRs.10/ Per OrderRs.10/ Per Order
Equity Future Brokerages – Carry ForwardRs.20/ per orderRs.10/ Per OrderRs.10/ Per Order
Equity Options BrokeragesRs.20/ per orderRs.10/ Per OrderRs.10/ Per Order

5Paisa Currency Brokerage Charges

Brokerage ChargesAdd-on-Packs
Plan NameBasicUltra Trader Pack (Rs.999/Month)Power Investor Pack (Rs.499/Month)
Currency Future Trading Brokerages – IntradayRs.20/ per orderRs.10/ Per OrderRs.10/ Per Order
Currency Future Trading Brokerages – Carry ForwardRs.20/ per orderRs.10/ Per OrderRs.10/ Per Order
Currency Options Trading Brokerages – Intraday₹ 10 | per lotRs.10/ Per OrderRs.10/ Per Order
Currency Options Trading Brokerages – Carry Forward₹ 20 | per lotRs.10/ Per OrderRs.10/ Per Order
Commodity Future Trading Brokerages – IntradayRs.20/ per orderRs.10/ Per OrderRs.10/ Per Order
Commodity Future Trading Brokerages – Carry ForwardRs.20/ per orderRs.10/ Per OrderRs.10/ Per Order
Commodity Options Trading BrokeragesRs.20/ per orderRs.10/ Per OrderRs.10/ Per Order

5Paisa commodity charges

CHARGESFUTURESOPTIONS
Transaction ChargesGrp A (28 Commodities) 0.0026%Options Contracts: 0.05%
Grp B (4 Commodities)
BLACK PEPPER – 0.0005%
BRASS – 0.0005%
CASTORSEED – 0.0005%
RBDPALMOLEIN – 0.001%
GST18%18%
STTNANA
CTT0.01% (Sell Future)0.05% (Sell Option)0.0001% (On exercise purchaser)

5Paisa currency charge

CHARGESFUTURESOPTIONS
Transaction Charges0.0009%(Future)0.035% (Options)
GST18%18%
STTNANA
SEBI Charges0.00%0.00%

How to open a 5paisa demat account?

  1. Go on official website of 5Paisa : https://www.5paisa.com/
  2. Click on open “Open Account Now”
  3. To verify your mobile number, enter the 4-digit OTP that you received on your phone.
  4. Verify email address in same way
  5. Enter your PAN number and your date of birth as per your PAN card.
  6. To access your documents, go to Digi Locker, a government authorized portal, and click on “Continue”.
  7. Enter your Aadhaar number and the OTP that you received on your phone.
  8. Enter your account number and IFSC code, and click on “Verify”.
  9. To complete your personal details, enter your gender, marital status, education, occupation, and experience, and click on “Proceed”.
  10. Click on “Take a Selfie” and capture your image.
  11. Upload your signature, click on “Save & Continue”.
  12. To upload your documents, select your PAN card, address proof, and income proof (if you want to trade in derivatives).
  13. Sign the documents electronically, click on “E-sign Now”, enter your Aadhaar number, enter the OTP, and click on “Verify OTP”.

People Also Read:- Best Demat Accounts in India

5Paisa Margin 

1Equity Delivery Margin – Cash ProductUp to 5X
2Equity Intraday MarginUp to 5X
3Equity Future MarginNo Margin
4Equity Options MarginNo Margin
5Currency Future MarginNo Margin
6Currency Options MarginNo Margin
7Commodity Futures MarginNo Margin
8Commodity Options MarginNo Margin

Pros and cons of 5Paisa

Pros of 5PaisaCons of 5Paisa
5 paisa caters to all investors, from novices to professional traders.Customer service needs improvement.
Invest in everything, from stocks to commodities, in one account.Higher exchange fees than competitors.
Free research and an advanced platform empower your trades.Call & trade costs extra.
Get free stock research and advisory without lifting a finger.No NRI trading services are available.

5Paisa Review & Rating by PaperTradingApp

Reviews for 5Paisa

Charges Review

  • 5paisa has a flat brokerage fee for all trades. They offer different brokerage plans with premium features. 
  • The call & trade fee is higher than other brokers. 
  • 5 paisa provides various services such as portfolio analyzers, monitoring services, etc. with their premium plans.

Customer Service

  • Review 5 paisa offers call & email support, but customers have complained about slow responses. 
  • They also have automated chat support and a ticket system for queries. 
  • Their website has FAQs organized by categories.

Ease of Use Review

  • The trading platforms are easy to use. You can get platforms with terminal experience for an extra fee. 
  • The back office is integrated with the trading platform. 
  • The website has enough educational content. You can use a single platform to invest in insurance, mutual funds, etc.

5Paisa Rating

Overall rating2.6/5
Fees 2.9/5
Brokerage 3.5/5
Usability 2.7/5
Customer service 2.1/5
Research capability2.4/5

People Also Read:- m.Stock review

Why choose 5Paisa?

If you are a trader 5Paisa offers you:If you are an investor 5Paisa offers you:
5 Paisa School App to learn trading skills and strategies.With the premium plan, you can get an intelligent portfolio, an in-depth analyzing tool, and research reports to help you make better decisions.
Software and premium plans for advanced trading features and tools.You can also access stock ideas for long-term investments in premium subscriptions.
Margin facilities to increase your trading power and returns.You can invest in stocks, insurance, mutual funds, etc. from one platform.
All trading features in one place- 5Paisa Trading App.You can learn more about investing from the well-drafted knowledge center.
Shortcut keys to execute trades faster and easier.

5Paisa trading platforms

5Paisa Android App DownloadAndroid App
5Paisa iOS App DownloadiOS App
5Paisa Web Trading PlatformWeb Trading
  1. 5paisa Mobile Trading App:- 5paisa’s mobile app is a great place for all your trading and investing needs. You can buy stocks, commodities, currencies, and even US stocks. Plus, you can get research and advice too. The app has a simple design, shows real-time data, makes trading easy, and keeps your money safe. It’s good for both experienced and new investors.
  1. 5paisa Trade Station Web:- With 5paisa’s Trade Station Web, you can trade online using any browser like Firefox, Safari, or Chrome. This web trading platform is quick and simple, and it has lots of special features. You can use advanced charts, an easy-to-use interface, Valid Till Triggered orders, 20-level market depth, and a notification center. Trade Station Web is the top choice for trading with 5paisa.
  1. 5paisa Trade Station 2.0 [Desktop trading terminal]:- If you’re a skilled trader, you’ll enjoy 5paisa Trade Station 2.0. It’s a new desktop trading platform that gives you a strong trading experience. This program runs quickly and works well. It has lots of advanced charting tools with over 100 technical indicators. You can also use a scanner, option chain, customized watchlist, workspace, and shortcuts for quick trading.
  1. 5Paisa FnO 360:- FnO 360 is a trading platform for derivatives traders by 5paisa. It offers advanced tools and products in one window, such as multiple strategies, ideas, charts, option chain matrices, advanced order types, and more. FnO 360 makes trading smooth and easy.
  1. 5paisa Algo Trading:- 5paisa also offers a modern algo trading platform for professional traders. Customers can pick, test, and use expert-coded strategies on the 5paisa trading terminal for fast order placement.

People Also Read:- Best Trading App in India

5Paisa Customer Support

Trading Support:-
Available, Chargeable
Dedicated Dealer:-
Available, Chargeable
Support Desk Helpline:-
8976689766
Email Support:-
[email protected]
Website:-
5Paisa Website
Facebook
LinkedInInstagram
TwitterTelegram

5Paisa comparison with other brokers 

Broker5paisaZerodhaUpstoxFyersPaytm Money
Service TypeDiscount BrokerDiscount BrokerDiscount BrokerDiscount BrokerDiscount Broker
Brokerage RangeRs 20Rs 20Rs 20Rs 20Rs 20
Account Type2 in 13 in 13 in 12 in 12 in 1
Equity DeliveryFlat Fee Rs 20Free2.5% or Rs 20 whichever is lower Free2.5% or Rs 20 whichever is lower
Equity IntradayFlat Fee Rs 200.03% or Rs 20 whichever is lowerRs 20 or 0.05% whichever is lower 0.03% or Rs 20 whichever is lower0.05% or Rs 20 whichever is lower
Equity FuturesFlat Fee Rs 200.03% or Rs 20 whichever is lowerRs 20 or 0.05% whichever is lower 0.03% or Rs 20 whichever is lower0.02% or Rs 20 whichever is lower
Equity OptionsFlat Fee Rs 20Flat Fee Rs 20Flat Fee Rs 20Flat Fee Rs 20Flat Fee Rs 20
CommodityFlat Fee Rs 20Flat Fee Rs 20Flat Fee Rs 20Flat Fee Rs 20NA
Currency FuturesFlat Fee Rs 200.03% or Rs 20 whichever is lowerRs 20 or 0.05% whichever is lower 0.03% or Rs 20 whichever is lowerNA
Currency OptionsFlat Fee Rs 20Flat Fee Rs 20Flat Fee Rs 20Flat Fee Rs 20NA
Rating4/54.5/54.5/54/54/5

People Also Read:- Zerodha vs m.Stock

5Paisa complaints chart

2023-242022-232021-22
Active Clients5004426523531754330
Complaints117250324
Resolved through the exchange97211282
Non actionable112430
Advised / Opted for arbitration000
Pending for redressal with exchange91512
No. of arbitration filed by clients140
Decided by arbitrators in favour of the clients010
Decided by the arbitrators000
Pending for redressal with arbitrators130

5Paisa complaint at BSE

2023-242022-232021-22
Active Clients65810172986157397
Complaints41827
Resolved through the exchange31627
Non actionable234
Advised / Opted for arbitration000
Pending for redressal with exchange120
No. of arbitration filed by clients000
Decided by arbitrators in favour of the clients000
Decided by the arbitrators000
Pending for redressal with arbitrators000

Conclusion

5 Paisa is a good pick for people who want a cheap and easy online trading platform with lots of investment choices. It’s got a simple layout and helpful research tools to help you make wise investment choices. But, their customer service could be better. Still, overall, 5 Paisa is a good deal and one of the top choices out there.

FAQs on 5Paisa Review

Check out different FAQs regarding to 5Paisa Review here.

Q.1. What is the minimum balance for a 5paisa trading account?

Ans:- You need to maintain a minimum balance of Rs 450 in your trading account at any time.

Q.2. What are the 5paisa option trading charges?

Ans:- You can refer to the above table which has mentioned all the charges for 5Paisa option trading.

Q.3. Which income proof is needed for the 5Paisa account opening?

Ans:- You need to submit a copy of any of these documents to prove your income to 5paisa: an Income Tax Return (ITR) form, recent pay slip, bank statement of the current account, or personalized cheque with cancellation.

Q.4. What is a 5paisa brokerage calculator?

Ans:- 5Paisa brokerage charges calculator is a tool that helps you to calculate the brokerage charges and other fees that you have to pay when you trade with 5paisa.

Q.5. Is 5paisa good for beginners?

Ans:- Yes, 5paisa is considered suitable for beginners. It operates as a discount broker, offering a user-friendly platform with low brokerage fees. The platform provides educational resources, research tools, and a simple interface, making it accessible for novice investors.

Q.6. Is 5paisa a discount broker?

Ans:- Yes, 5paisa operates as a discount broker. Discount brokers typically offer cost-effective trading solutions with lower brokerage fees compared to full-service brokers. 5paisa’s discount model makes it appealing to cost-conscious investors, including beginners.

Q.7. What is the annual maintenance fee of 5paisa Demat account?

Ans:- The annual maintenance fee for a 5paisa Demat account may vary, and it’s advisable to check the latest fee schedule on the 5paisa website or contact their customer support for the most accurate and up-to-date information.

Q.8. Who owns 5paisa?

Ans:- 5 paisa is owned by IIFL (India Infoline) Group, a prominent financial services company in India. IIFL Group is involved in various financial services, including broking, wealth management, and investment banking. 5paisa is one of the subsidiaries of IIFL Group.

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