5paisa
5paisa Review
5paisa is a financial services company with a focus on “discount broking” services, providing financial products through an online technology platform and mobile application and also allow us to trade in the capital market, futures & options and currency derivatives segments of BSE and NSE. 5paisa is a depository participant of CDSL and also a trading cum clearing member of BSE and NSE and also allows distribute mutual funds and IPO products and is also registered as a research analyst.
5paisa is a technology-driven company having primarily an online presence, providing services through a DIY (do-it-yourself) model and charge a flat brokerage fee of ₹ 20 per order for all transactions instead of differential brokerage.
5paisa offer completely paperless account opening, advanced technological solutions and robo-advisory services etc. With a robust trading platform, advanced mobile application and an artificial intelligence powered robo-advisory platform.
Products and Features
- Trading Platform
5Paisa trading platform for all types of investors in which they provide equity and currency broking services at a very low price. Their services are targeted at high-volume traders and novice trader and investor by providing research tips and actively invest and trade in securities markets and seek DIY (do-it-yourself) services at a low cost.
- Mutual Fund Investment distribution Platform
5paisa mutual fund platform allows clients to subscribe to a host of mutual fund products offered by various asset management companies and can avail the services of our robot advisory tool to help them select mutual fund products based on their risk profile and goals.
- Research Services
5paisa is a SEBI registered research analyst and also offer advisory services to our clients through the research undertaken by a team of research analysts. The discount broker usually doesn’t provide Advisory services.
- Educational Platform
In order to educate prospective investors, 5paisa have started an educational series i.e. “5P School”. Through 5P school, they provide basic education to customers in simple and easy to understand language about various concepts of capital markets. We have four modules with 13 courses and 64 chapters explaining concepts pertaining to equity, derivative, technical analysis, fundamental analysis and mutual funds. To make the entire learning experience more effective we have also added short learning videos.
Account Offered
5paisa a member of BSE and NSE for stock, derivative, and currency segments with more than 100,000 customers registered. 5Pasia provide a trading platform for the capital market, futures & options and currency derivatives segments of NSE and BSE. 5paisa offer discount broking services to clients through an online technology platform and mobile application at a low-cost Rs. 20 per order. Clients can avail our online trading facilities through the website at www.5paisa.com and a mobile application named “5paisa Trading and Robo-Advisory”. 5paisa broking services are based on a DIY (do-it-yourself) model, which is supported with call and trade facility to enable our clients to trade over a phone call.
- Equity
- Derivative
- Currency
- Mutual Fund Investment
- An all-in-one account to trade on BSE, NSE, and MCX.
- Low fees and free account opening.
- Advanced tools for experienced traders and investors.
- Invest in international US stocks to mix up your investments.
- Get daily investment advice from experts.
- Robot advice services.
- Margin trading available.
5Paisa Trading App
5Paisa Mobile Trading App
- Advice for choosing ideas based on goals
- Up-to-date market data and stock quotes
- Detailed charts and watchlists for analysis
- Easy buying and selling
5Paisa Trade Station Web
- Built-in tools for analyzing trades
- Stock data and charts to help decide when to trade
- Margin options for extra buying power
- Advanced charts to follow stock trends with over 140 built-in tools
Trade Station EXE
- Many order options and live market monitoring
- Advanced charts with over 140 built-in tools
- A scanner that shows different stock patterns
- Quick keys for faster trading.
5Paisa Brokerage Calculator
Under the platforms section of the website, you can find a 5Paisa brokerage calculator. It is one of the very useful tools provided by the company. You can easily fill in all the information on the stocks that you are trading and find out the complete breakdown of the brokerage charges.
This feature is important for intraday traders for whom the brokerage firms of the big part which can influence their profit. They have provided separate calculators for every financial instrument namely equity, derivatives, currencies, etc.
5Paisa Account Charges
- 5paisa DEMAT & TRADING ACCOUNT OPENING CHARGES- Rs 0 (FREE)
- Account Maintenance Charges AMC (Yearly) for Non-Individual- Yearly Rs.300/- . This charge covers the continued management and maintenance of your Demat account holdings.
Transaction Charges
| 5Paisa Charges | EQUITY Delivery | EQUITY Intraday |
|---|---|---|
| Brokerage | Rs. 20/order | Rs. 20/order |
| Securities Transaction Tax (STT) | 0.1% (Buy and Sell order both) | 0.025% on the Sell Side |
| Transaction / Turnover Charges | NSE: 0.00297% | BSE: 0.00375% | NSE: 0.00297% | BSE: 0.00375% |
| Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge + SEBI Charges) | 18% on (Brokerage + Transaction Charge + SEBI Charges) |
| SEBI Charges | 0.00010% | 0.00010% |
Margin/Exposure
5paisa provide margin for intraday as a multiplier of your collateral trading capital.
| Segment | Margin/Limit/Leverage |
|---|---|
| Equity Delivery | Upto 5X |
| Equity Intraday | Upto 5X |
| Equity Futures | Upto 0X |
| Equity Options | Upto 0X |
| Currency Futures | Upto 0X |
| Currency Options | Upto 0X |
| Commodity Futures | Upto 0X |
| Commodity Options | Upto 0X |
Equity intraday multipliers
| Approve Category | Intraday exposure | Delivery exposure |
|---|---|---|
| A | 5x | 5x |
| B | 5x | 3x |
| C | 5x | 2.5x |
| D | 5x | 2x |
| E | 5x | 5x |
| Your Net worth | Interest Rates | Your Savings |
|---|---|---|
| Above 1Cr. | 0.045% per day (16.43% p.a) | 25.0% |
| Between 5Lac. and 1Cr. | 0.05% per day (18.25% p.a.) | 16.7% |
| Below 5Lac. | 0.06% per day (21.95% p.a.) | - |
Required document for account opening
You need to keep handy these documents handy when you will start filling up the form after filling contact details.
- Pan Card
- ID Proof – Voter ID, Aadhar card.
- Bank Proof – Personalize Cancelled Cheque Or Passbook or Latest bank statement
- Income proof for Derivatives (Optional) :- (ITR/ latest 1 month Salary Slip/ 6 months
- Address Proof
- Specimen Signature
- Photo
Customer Support
You can contact 5Paisa through:
- Email: You can raise your queries regarding your account on support@5paisa.com.
- Phone: You can call the support team through a phone call dialing the below number.
- Customer Support: +91 89766 89766
- Head Office: Sun Infotech Park, Road No.16V, Plot No. B-23 Thane Industrial Area, Wagle Estate, Thane – 400604.
Overview
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.
5Paisa provides useful trading tools, simple fees, support, and special packages for different investors and traders.They also give users free research and stock suggestions, along with three extra paid plans.5Paisa also has helpful educational materials and market guides.
5paisa offers free trading tools that you can use on a computer, website, or mobile app. They have a Call and Trade option, but it is more expensive than some other brokers. Opening an account is mostly online, but you need to send a signed form because of new rules. Once your account is ready, you can start trading online. They offer different types of orders like CNC, MIS, and others. You can also transfer money to and from your bank online.
5paisa is a discount broker that lets you trade in stocks, futures, commodities, and currencies for a fixed fee of Rs 20 per trade. They also provide research and advice. You can invest in IPOs, mutual funds, and US stocks with them.
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