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5paisa.com is a leading online stockbroker offering discount brokerage services to retail investors in India. 5paisa Stock Capital Ltd is a publicly-traded and professionally managed company promoted by IIFL founders. As of March 2021, it has over 1.2 million clients.
5paisa online trading is available in equity, commodity, and currency at BSE, NSE, and MCX. It is a flat rate discount stockbroker. It charges a flat 20 Rs brokerage irrespective of the size of the trade, segment, or exchange.
5Paisa offers three subscription plans; Regular Account Pack, Power Investor Pack, and Ultra Trader Pack. These plans provide you the various benefits from Zero Account opening charges to Flat Fee reducing from Rs 20 to Rs 10.
5paisa Mutual Funds offering includes both Regular as well as direct mutual funds. 5paisa change flat Rs 10 per executed order for online mutual funds investment. An investor can invest in a lump sum or through SIP.
5paisa demat account is offered through its depository participant membership with CDSL. It is awarded as Premier Depository Participant by CDSL in March 2019.
5paisa trading platform includes Mobile Trading App, Trading Website, and Installable Trading Terminal. These platforms are built on the latest technology and recognized for the best use of mobile technology in financial services.
How 5paisa is different from other online brokers?
5paisa is a one-stop-shop for a range of financial investment products. Below are the reasons why 5paisa is a preferred choice for most investors.
- Lowest charges: 5paisa charge flat Rs 20 per order executed. This charge becomes Rs 10 with our value add packs, which is the lowest in the industry.
- Research Ideas: 5paisa is the only discount broker to provide exhaustive research and advisory on more than 4,000 companies. We provide short-term and long-term calls, Derivative strategies, and also portfolio-based investment ideas.
- Margin Funding: 5Paisa provides the customer a facility of margin trade funding wherein a customer only pays a partial amount of the delivery bought in the cash segment. The balance is funded by 5paisa for a nominal rate of 0.06% per day.
- Multi-Product App: 5paisa is not just a trading app, it is a one-stop-shop for all investment products including gold, peer-to-peer lending, insurances, mutual funds, and US investment.
- Analytics Services: 5paisa offers Portfolio Analyzer – a tool to analyze the performance of your portfolio on your own and improve your investment strategy.
- Value-add packs: With value-add packs, you can get the first 100 trades FREE every month and a flat fee of 10/executed order (50% discount) is charged from 101st trade for all segments.
Account Types
- 5paisa Trading & Demat Account : 5paisa is India’s fast growing discount broker offering investing and trading services in segments including stocks, derivatives (F&O) and currency. 5paisa is member of BSE and NSE. 5paisa trading account is backed by the experience and technology developed by its parent company IIFL for over 20 years in retail broking industry.5paisa.com offer trading services under a simple brokerage plan. Customers can trade across the segments for a flat rate of Rs 20/order in Optimum Plan and Rs 10/order in Platinum Plan and Free Equity Delivery in Titanium Plan. This brings saving up to 90% in comparison to traditional brokers who charge brokerage fee in % of the total turnover.5paisa trading account is well integrated with other products they offer including mutual funds, etf, bonds and insurance.
- Mutual Fund Account: Online Mutual Funds Investment Account is a key offering from 5paisa. You can open just a Mutual Funds Investment Account with 5paisa for free of charges.5paisa also offers Systematic Investment Plans (SIP), an automatic periodic investment option in stock market though mutual funds.The ‘Auto Investor’ tool is available free of charge to its customer which helps with online MF advisory. This tool help in choosing the right funds based on their risk profile and return expectations.
5paisa Stock subscription plans
5Paisa offers three subscription plans – Basic, Power Investor and UltraTrader Plan. New customers can subscribe to the plans while opening the account. Existing customers can subscribe to the plans using 5Paisa website or mobile application.
5paisa Brokerage Plans 2024
| Regular Account Plan | Power Investor Pack | UltraTrader Pack | |
|---|---|---|---|
| Account Opening Fee | Free | Free | Free |
| Brokerage | Rs 20 per order | Rs 10 per order | Rs 10 per order |
| Call & Trade | Rs 100 per call | Rs 100 per call | Free |
| Demat AMC | Rs 25 per month | Rs 25 per month | Rs 25 per month |
| DP Transaction Charges | Rs 12.5 per scrip (sell side) | Free | Free |
| Fund Transfer Charges | Net Banking: Rs 10, UPI: Free and IMPS: Free | Net Banking: Rs 10, UPI: Free and IMPS: Free | Free |
| Direct MF Investment Charges | Rs 20 | Free | Free |
| Research Advisory | Not Available | Free | Free |
| Free Trades | NA | NA | Free 100 trades per month maximum of Rs 1000 |
| Dedicated Customer Support | NA | Free | Available |
5paisa Charges 2024
5paisa Account Opening Charges & AMC
| Service | Charges |
|---|---|
| Trading Account Opening Charges (One Time) | Rs 0 (Free) |
| Trading Annual Maintenance Charges (AMC) | Rs 0 (Free) |
| Demat Account Opening Charges (One Time) | Rs 0 |
| Demat Account Maintenance Charges (AMC) | Rs 300 yearly (charged as Rs 25 per month) |
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5Paisa Trading Brokerage Charges
| Segment | Brokerage Fee |
|---|---|
| Equity Intra-day | Rs 20 per trade |
| Equity Delivery | Rs 20 per trade |
| Equity Futures | Rs 20 per trade |
| Equity Options | Rs 20 per trade |
| Commodity Futures | Rs 20 per trade |
| Commodity Options | Rs 20 per trade |
| Currency Futures | Rs 20 per trade |
| Currency Options | Rs 20 per trade |
Visit 5paisa Brokerage Charges Review for more detail.
5paisa Online Account Opening
5paisa’s 2-in-1 account (demat + trading account) gives its customer an option to invest and trade in the stock market as well as in mutual funds. If you are looking for only Mutual Funds as investment options, a separate Mutual Fund Account is available.
5paisa offers completely paperless account opening based on Aadhaar. If you have Aadhaar number and your Aadhaar number is mapped to correct mobile number, the account opening process is really fast. After completing the online application, the online trading accounts get activated in few hours.
You could also download the application form, print it, fill it up and send it to 5paisa Mumbai office to open the account.
5paisa Trading Software (5paisa Trading Platforms)
The 5paisa Trading Platform is built on IIFL’s trading platform which is being used by many customers over last 2 decades. The trading platform of 5paisa is available on mobile app, browser (web) and install-able desktop trading application (Exe).
5paisa Trading Software
- 5paisa Mobile App: The 5paisa mobile trading app offers trading at BSE/NSE and Robo Advisory on the go. Customer can download this free app from Google App Store or Apple App Store. The simple intuitive app can be used to buy stocks, trade in stock and currency futures & options, invest in mutual funds, etf’s and bonds ect.
- 5paisa Web Trading (5paisa.com): 5paisa has a powerful trading website (www.5paisa.com) which can be accessed from any available web browser on computer, laptop, mobile devices or tablets. The website (also called 5paisa Trader Station) offers all trading and investment options under one domain.The web based trading platform is well integrated with payment gateway and banks for instant fund transfers.
- 5paisa Trade Terminal: 5paisa installable trading terminal is designed for frequent traders who need advance trading tools. The desktop application offers real time data, advance charts for intraday and historic stock prices.Variety of keyboard shortcuts are available to monitor the market on real-time basis and place orders faster.
Visit 5paisa Trading Software Review for more detail.
5paisa Pros and Cons
5paisa Pros (Advantages)
The following are the advantages of 5paisa. You must read 5paisa advantages and disadvantages before opening an account with 5paisa. 5paisa pros and cons help you find if it suits your investment needs.
- Flat 20 Rs/order irrespective of size of trade, segment or exchange.
- All in one account to invest in stocks, mutual funds, commodity, currency, research and advisory.
- FREE and paperless account opening in 5 minutes.
- Lowest DP Charges
- Free Mutual Fund account
- Multilingual trading app
- Free trading platform including mobile app, website and desktop trading terminal. No software charges.
- Provide Stock Investment Ideas and Research tools
- Algo trading and Robo Advisory services
- Offers free technical, derivative and fundamental research & advice to customers for additional cost.
- Technical calls on both Email and Mobile.
- Promoted by the IIFL promoters. IIFL is a premier non-banking financial institution in India with experience of over 2 decades.
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5paisa Cons (Disadvantages)
The following are the cons of 5paisa. Check the list of 5paisa drawbacks.
- Margin funding is given to the customers without notice. This cases major confusion and customer paying hefty interest charges.
- Very high demat debit transaction charges. They charge Rs 25 or 0.025% in Optimum plan.
- Higher exchange transaction charges in competition to other discount brokers.
- Call & Trade is available at an additional cost of Rs 100 per call in Optimum plan. The customer can place any number of trades in one call for Flat Rs 100 fee.
- Research & advisory services are not available in Optimum Plan.
- 5Paisa doesn’t offer NRI Trading services.
- Doesn’t offer 3-in-1 account.
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