5Paisa is the Mumbai based discount brokerage firm offering "Invest"- in Mutual Funds and IPOs, "Trade" - in Equity, Currency and Commodity and "Insure"- Insurance package under one platform. 5paisa now becoming one of the best discount brokerage firms in India and is the 2nd largest discount broker in terms of active clients. Zerodha started its journey in 2011 holding 1st position where 5paisa started its operations in 2016 holding the 2nd position.
5paisa is the part of India Infoline (IIFL), an established financial service provider firm offering diversified business model that includes finance and credit, asset management, wealth management, financial product distribution, investment banking, stock and currency broking, IPO, Mutual Funds, FDs, Bonds, ETF, Insurance and advisory services.
5Paisa offers trading across equity, futures & options (F&O), currency and commodity segments on NSE, BSE, and MCX at a discount brokerage of Rs 20 per executed order irrespective of the number of shares or their prices. 5Paisa has a corporate membership of NSE and BSE. The company is registered DP with CDSL.
Having Demat account with 5paisa Capital Ltd is not mandatory which means any other Demat account can be linked with a 5paisa trading account.
Trading through the web, desktop, and mobile app is available at no extra cost.
5paisa also offers auto, health and term insurance as the broker has a tie-up with renowned insurance companies like ICICI Prudential, Bajaj Allianz, Bharti, IDBI Federal, Reliance General, Religare, etc. You can also take the help of an automated Insurance Advisor that calculates the right insurance cover for you and recommend the policies that fit you the best.
5paisa's customer service is delivered through email, phone, and online feedback.
5paisa customer care support email - [email protected]
5paisa customer care number - +91 89766 89766
5paisa brokerage charges are most attractive, Rs 20 per trade across the board which is the "lowest brokerage charges in India". You can do trading in equity delivery, equity intraday, Equity Futures and Options, Currency Futures and Options just for Rs 20. No need to worry about any hidden charges and taxes (GST is calculated on brokerage). 5paisa is a part of IIFL Group and IIFL is a clearing member for many brokers, so 5paisa is not charging any PCM fee.
5paisa Capital Ltd, a financial service provider powered by IIFL, offering services like the full-service broker at a discounted price. 5paisa is more than a simple broker for you as they not only provide trading across different segments but also offer investment in customized portfolios of Mutual Funds, advisory to invest in suitable mutual funds and Insurance.
Free Account Opening, Save Rs 650 on your account opening. This is a limited time offer.Sign up now
Here we are comparing 5paisa with its 5 close competitors on investment options.
|Equity Trading Type||Yes||Yes||Yes||Yes||Yes|
»» Trading Account Opening Charges: Rs 650 (Free Now Promotion Offer)
»» Trading Account AMC: Free
»» Demat Account Opening Charges: Free
»» Demat Account AMC: Rs 45 PM if Trade, else Zero
5paisa brokerage is simple and very inexpensive compared to other discount brokers. The brokerage is fixed at Rs 20 for all segments. The broker doesn’t offer any monthly or yearly plans. Call and trade facility is also available.
From 1st Jan 2020, 5paisa change its plan from Flat Rs 10 to Flat Rs 20. This is going to be effective from Jan 2020 for all new customers. Existing customers of 5pasia who opted for Rs 10 plan will continue to be part of the same flat Rs 10 plan.
In May 2019, 5paisa changed its Demat AMC charges policy. Usually, Demat AMC is charged once a year. Now, 5paisa changes this to monthly charges of Rs 45 + GST PM when you trade. So to be more clear, this will not depend on your Demat holdings, it’s on trade. If you trade in any segment with 5paisa in a month, you need to pay Demat AMC. If you have not done any trade in a calendar month, you don’t have to pay Demat AMC charges.
5Paisa offers two account types:
For complete brokerage charges and trading plans detail please visit 5paisa Brokerage Charges.
Here we are comparing 5paisa with its 5 close competitors, who are currently market leader in brokerage industry.
|Service Type||Discount Broker||Full Service Broker||Discount Broker||Discount Broker||Discount Broker|
|Brokerage Range||Rs 20||0.1 to 0.5%||Rs 20||Rs 20||Rs 20|
|Account Type||2 in 1||2 in 1||2 in 1||2 in 1||2 in 1|
|Equity Delivery||Flat Fee Rs 20||0.5% or 50 paisa||Free||Free||0.2% or Rs 20 whichever is lower|
|Equity Intraday||Flat Fee Rs 20||0.1% or 10 paisa||0.01% or Rs 20 whichever is lower||0.01% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Futures||Flat Fee Rs 20||0.1% or 10 paisa||0.01% or Rs 20 whichever is lower||Flat Fee Rs 20||0.02% or Rs 20 whichever is lower|
|Equity Options||Flat Fee Rs 20||2.5% of Premium or Rs 250 per lot whichever is high||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Commodity||Flat Fee Rs 20||0.1% or 10 paisa||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Currency Futures||Flat Fee Rs 20||0.1% or 10 paisa||0.01% or Rs 20 whichever is lower||Flat Fee Rs 20||0.02% or Rs 20 whichever is lower|
|Currency Options||Flat Fee Rs 20||2.5% of Premium or Rs 30 per lot whichever is high||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
Please refer unique and accurate 5paisa Brokerage Calculator
To Get the Margin Funding, one need to activate Margin Funding facility, with Margin Funding your trade will get additional time of T+90 days. For non Margin Funding accounts square off limit are T+6 days.
5paisa is giving up to 3x margin for delivery trading and up to 10x for intraday trading in equity segment.
Equity trading scripts are divided in 5 groups –
Exposure for F&O segment –
Margin Trading is allowed in all the scripts which are part of derivatives segment only.
Interest on Money borrowed as Margin fund will be charge 18% p.a.
Even though 5paisa is online flat fee broker, but have done arrangement for Account opening form (AOF) pick up in following cities- Mumbai, Delhi, Kolkata, Surat, Pune, Ahmadabad, Hyderabad, Chennai, Bangalore, Nasik, Vishakhapatnam, Indore, Varanasi, Ghaziabad, Kanpur, Lucknow, Jaipur, Jalandhar, Patna, Faridabad, Hubli, Chandigarh, Rajkot, Ludhiana, Noida, Gurgaon, Raipur, Amritsar, Baroda, Bhopal, Ranchi, Nagpur, Cochin, Bhubhaneshwar. If your city is not in the above list, investors can send courier of filled application form on below address -5paisa Capital Ltd.
5paisa has in house built trading platforms over web, desktop and mobile app. 5paisa is using the same trading platform as IIFL.
5paisa Trade Station is the robust software based trading terminal of 5paisa. This installable software has features like:
5paisa Trade Station is the web based trading platform available on Chrome, Firefox and Internet Explorer.Trading can be done on all segments with single login at lightening fast speed. The features include real-time streaming quotes, fast broadcast, advanced charting tools, technical analysis, live Stock tips etc. You can also start a SIP directly with 5paisa trade station.
5paisa offers mobile app based trading to its customers. The app can be downloaded from Apple or Google store.
The Auto Investor that builds a fully customized mutual fund investment portfolio
Other than trading platforms, 5Paisa offers research-based investment tools.
Automated trading tool based on pre-defined parameters.
A swing trader is a research tool that includes fundamental and technical analysis for short term equity investment. It is available at annual subscription charges of Rs 4999 + 18% GST.
It is a useful equity research tool that gives step by step guidance on buying and selling of equity stocks. It helps to build a portfolio of stocks handpicked by the expert research team. It also gives stock evaluation of 4000+ companies with proprietary ratings, custom checklist, a chart with pattern recognition, etc. It provides multiple idea list of stocks based on different criteria. It is a subscription-based tool available at annual subscription charges of Rs 4999 + 18% GST.
A smallcase is an intelligently weighted basket of up to 50 stocks that reflects a theme, idea or strategy. It is a smart way of investing in portfolios of stocks or ETFs. It allows the client to choose a smallcase based on a theme that he is positive on, invest in it and manage multiple portfolios seamlessly.
It is a tool to get the best option strategy based on the client’s view on the market or a stock. It also helps visualize trade’s P&L under various scenarios with graphs and track trades and strategies and do scenario analysis.
For detail review of mobile app and download please visit 5paisa Trading Platform Review.
Here we are comparing 5paisa with its 5 close competitors on Trading Platform.
|Android Tablet App||Yes||Yes||Yes||Yes||Yes|
|Android Mobile App||Yes||Yes||Yes||Yes||Yes|
|iPhone App (iOS Mobile App)||Yes||Yes||Yes||Yes||No|
5paisa is among the premium discount broking firms in India. 5paisa has reformed the broking business by offering a completely digitized platform to trade, invest (mutual fund SIP) and secure (insurance) at a very low cost.
5paisa’s charges are the lowest in the industry, a flat fee of Rs 20 per transaction irrespective of the volume. The broker accepts the documents online making the process absolutely paperless and hassle-free. 5paisa is one of the first discount brokers in India to offer share trading & Robo Advisory in a single mobile app at the lowest cost. The company also provides free research & advisory support, free mutual fund account and well-managed customer support services.
The additional services like mutual fund investment, Insurance, recommendations and tips, the automated advisory tool is a plus which you usually don’t find in other discount brokers.
If you are looking for a brokerage firm that has all the investment options backed with powerful technology, at the same time acts as a mentor in helping you choose investment plans with a view of generating maximum returns out of your hard-earned money, then 5paisa is your ultimate destination.
If you like what you have read and want to open an trading and demat account with 5paisa, leave your contact information with us and we will guide you.
Last updated on 2020-01-06
Yes, 5Paisa provide Cover Order and Bracket Order (CO & BO) over web and mobile application.
If you already have 5Paisa trading and Demat account, you just need to request the activation of the commodity segment on MCX. There is no separate commodity account. It comes with a 5Paisa All-in-one Account with no further charges to activate commodity trading.
5paisa recently introduce a subscription plan for high volume traders with additional tools & features bundled in one product. The company mainly offers 2 subscription plan – Gold and Platinum Plans. Subscription plan are charged monthly, with no major changes in brokerage rates. Subscription plan give you value-added services like research reports, FREE access to Smallcases, Smart Investor and Swing Trader. Also 5paisa offering higher margin with subscription plans. As a promotional offer, you will get a few FREE trades with a subscription plan. Direct Mutual Fund Investment is FREE. Read complete detail and comparison on 5paisa subscription plan.
5paisa Trade Station is an advance web-based trading platform. To place After Market Orders (AMO), you need to select the script. Click on Buy/Sell > Advance Button. At the bottom of the window, you can see a checkbox that says “Place this order after market hours”.One more important thing we have noticed is 5paisa trade station doesn’t have a separate button for market order and limit order. To achieve a limit order, under the price section you need to define the limit price and select the appropriate order types (Regular, Stop Loss, BO and CO). You need to select validity which is Day, IOC (Immediate or Cancel) and VTD.
To place an order in market price – Price should be “0” so the system will consider that as a market order.