5paisa Review 2019

Rated 4/5 by Top Share Brokers Team
5paisa Capital Ltd Review

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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 10 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 10 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 10. 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.

Review Summary

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.


Benefits

  • Investment, Trading and Insurance services under one roof.
  • High-class technology-driven trading platforms across web, desktop and app-based.
  • Lowest brokerage charges in India. Flat brokerage of Rs 10 for Equity Cash, F&O and Currency derivative.
  • Instant paperless account opening linked with Aadhar, e-sign the application.
  • Free Mutual Fund Investment and automated personalized advisory to invest in Mutual Fund.
  • IPOs, NCDs, bond, ETF investment.
  • Online Insurance –term, life, auto, and health.
  • Margin Funding facility available @18% p.a. interest.
  • 5paisa started Commodity Trading in MCX from 1st April 2019.
  • Flat fee discount broker but services like full service broker.
  • Trading facility in Equity, Future & Options and Currency segments.
  • Robo Advisory platform to build a fully customized mutual fund investment portfolio.
  • Single mobile app for Trading, IPO, Mutual Funds and Insurance.
  • Online trading account and online mutual fund investment.

Considerations

  • No branches.
  • Lack of monthly and yearly plans for trading.
  • Call and trade charges are high.

Special Offer

Free Account Opening, Save Rs 650 on your account opening. This is a limited time offer.Sign up now

Request call back from 5paisa

5paisa Investment Options Compare

Here we are comparing 5paisa with its 5 close competitors on investment options.

Broker 5paisa Sharekhan Zerodha Upstox SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading Yes Yes Yes Yes Yes
Mutual Funds Yes Yes Yes Yes No
MF SIP Yes Yes Yes No No
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance Yes Yes No No No

5paisa Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 4/5

5paisa Account Opening Charges

      »»  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

5paisa brokerage is simple and very inexpensive compared to other discount brokers. The brokerage is fixed at Rs 10 for all segments. It is similar to MyValueTrade (Rs 10) and higher than SAS Online (Rs 9) and Wisdom Capital (Rs 9) and lower than ProStocks (Rs 15), Zerodha (Rs 20), UpStox (Rs 20). The broker doesn’t offer any monthly or yearly plans. Call and trade facility is also available.

5paisa Brokerage Charges

  • Equity Delivery Trading Brokerage: Rs 10
  • Equity Intraday Trading Brokerage: Rs 10
  • Equity Future Trading Brokerage: Rs 10
  • Equity Options Trading Brokerage: Rs 10
  • Currency Futures Trading Brokerage: Rs 10
  • Currency Options Trading Brokerage: Rs 10
  • Commodity Trading Brokerage: Rs 10

Note:

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.

Benefits

  • No limitation of order size and no hidden charges.

Considerations

  • Charges to use investment tools like swing trader and smart investor.
  • High Demat debit charges.

Other Charges

  • Call and Trade feature is available at Rs 100 per call for any number of trades in one call.
  • Margin Funding Interest Rate / Delay payment charges @ .05% per day.
  • Payment gateway charges @ Rs 8 inclusive No charges for transferring funds via Yes Bank or 5 Paisa UPI link.
  • A physical copy of contract notes ordering charges is Rs 100 per contract note.
  • The transaction fee for direct MF orders is Rs 10 per order.
  • Demat Debit Charges is 0.025% or Rs 25 whichever is higher.

5 Paisa Account Type

5Paisa offers two account types:

  • All in One Account: The account offers 2-in-1 5paisa Online Share Trading Account and Demat Account for seamless and hassle-free transactions. This account also gives you access to investment in mutual funds and Robo Advisory. The company offer 100% online share trading and online mutual fund investment opportunity.
  • Mutual Fund Investment Account (free account):This is mutual Fund Investment only account for free with no trading and demat account. The account gives you access to Robo-advisory tool the Auto investor to help build a portfolio of mutual funds by recommending the suitable mutual funds based on your investment objectives, risk profile, income and expenses.

For complete brokerage charges and trading plans detail please visit 5paisa Brokerage Charges.

5paisa with closest competitors

Here we are comparing 5paisa with its 5 close competitors, who are currently market leader in brokerage industry.

Broker 5paisa Sharekhan Zerodha Upstox SAMCO
Service Type Discount Broker Full Service Broker Discount Broker Discount Broker Discount Broker
Brokerage Range Rs 10 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 10 0.5% or 50 paisa Free Free 0.2% or Rs 20 whichever is lower
Equity Intraday Flat Fee Rs 10 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 10 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 10 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 10 0.1% or 10 paisa Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures Flat Fee Rs 10 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 10 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Rating

Please refer unique and accurate 5paisa Brokerage Calculator


5paisa Capital Ltd Margin Details

5paisa margin/exposures/leverage

  • 5paisa exposure for intraday trading - Upto 20x for stocks on which F&O trading is allowed.
  • 5paisa exposure for delivery trading - Upto 3.5x for delivery trading.
  • 5paisa exposure for trading in equity and index futures - 3x margin for futures trades (Selling only).
  • 5paisa margin for Options - 3x margin for Options Trades(Selling only).

Margin Funding Facility by 5paisa capital

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 –

  • Category E – 3.5x delivery margin, 20x Intraday Margin with 20% haircut.
  • Category A – 3x delivery margin, 12x Intraday Margin with 20% haircut.
  • Category B – 2x delivery margin, 6x Intraday Margin with 30% haircut.
  • Category C – 1.5x delivery margin, 3x Intraday Margin with 45% haircut.
  • Category D – 1x delivery margin, 1x Intraday Margin with 60% haircut.

Exposure for F&O segment –

  • Futures : 3x
  • Options long: 1x
  • Options short: 3x
  • Currency: No exposure in any category

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.


Open Trading and Demat Account with 5paisa Capital Ltd

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.
Sun InfoTech Park,
Road No. 16V,
Plot No.B-23
Thane Industrial Area,
Wagle Estate, Thane-400604

Contact 5paisa

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5paisa Trading Platform and Tools

Trading Platforms Rated 4/5

    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 - Desktop Based trading platform

    5paisa Trade Station is the robust software based trading terminal of 5paisa. This installable software has features like:

    • Advance Intraday and historic charts.
    • Multiple watch-lists in cash and F&O segment.
    • Trading ideas in equity and derivatives.
    • Multiple shortcuts for faster trading.

    5paisa trader terminal - Download

    5paisa trade - Web based trading platform

    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 login page / 5paisa trade login

    5 Paisa Mobile App

    5paisa offers mobile app based trading to its customers. The app can be downloaded from Apple or Google store.

    App Features:

    • Easy online share trading account opening from the app
    • Live stock market quotes from NSE & BSE
    • Trade in Equity, Future & Options (F&O) and Currency segments
    • Multi-asset Live watch list synced across devices
    • Advance Charting and technical analysis for better decision making

    5paisa android mobile app

    The Auto Investor that builds a fully customized mutual fund investment portfolio

    5Paisa Investment Tools

    Other than trading platforms, 5Paisa offers research-based investment tools.

    • Algo Trading

      Automated trading tool based on pre-defined parameters.

    • Swing Trader

      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.

    • Smart Investor

      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.

    • Smallcase

      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.

    • Sensibull

      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.

5paisa Trading Platform Compare

Here we are comparing 5paisa with its 5 close competitors on Trading Platform.

Broker 5paisa Sharekhan Zerodha Upstox SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
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
iPad App Yes Yes Yes Yes No
Mobile Site Yes Yes Yes Yes Yes

Final thought about 5paisa

Rated 4/5 by 23 users

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 10 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 2019-11-02


FAQs

  1. Does 5Paisa provide Cover Order and Bracket Order?

    Yes, 5Paisa provide Cover Order and Bracket Order (CO & BO) over web and mobile application.

    Discuss this question

  2. How to open Commodity Account with 5Paisa and how much is the account opening fee?

    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.

    Discuss this question

  3. What is 5paisa Subscription Plans?

    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.

    Discuss this question

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5paisa Capital Ltd User Reviews

avatar
40. BIJENDER MISHRA Oct 23, 2019 12:57:51 PM IST Reply
5 Paisa is a big fraud guys, can you just imagine, I transferred 1.25 lakhs from my ICICI Bank net banking on 22nd Oct 2019 , but this amount never got credited to my trading account. Big mental harassment they gave. I spoke to my ICICI Bank and they confirmed that amount has been transferred to 5Paisa account same time but still 5 Paisa team has not credited to my trading account. Spoke to their support 20 times, multiple mails sent to them but no reply. Whenever I call, they say "wait" our fund department will revert which they never did. I am super frustrated now and thinking to take legal action against them. Any of you have similar experience with them , please revert to me if so...
avatar
39. SUSIL MUKHERJEE Oct 11, 2019 1:51:43 PM IST Reply
i am a full time trader

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Excellent
avatar
38. Suraj Jul 8, 2019 11:17:45 AM IST Reply
Poor customer support

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Above Average
Customer Service - Very Poor
Overall Experience - Average
avatar
37. AAKASH DEEP Jun 30, 2019 10:00:07 AM IST Reply
VERY BAD STILL TROLING 5PAISA TO ME AFTER ARBITRATION AWARD IN FAVOOUR WITH ME BY NSE

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
36. Vinod May 20, 2019 5:37:03 PM IST Reply
Such Brokers shall be refrained by NSE and BSE. They are engaged in planned frauds (illegal things in legal way) with small investors by improper communications about the charges and deductions. My advice to all small investors to shift their account to some brokers who have histories of non deducting money without your prior knowledge otherwise brokers like 5Paisa will eat your hard earned money in no time. You must keep on watching your ledgers as what charges they are posting every week. They have support for name shake and keep on confusing the investors. Better leave them or such brokers will leave you after eating up all monies in your accounts. Their owners has trained their staff to cheat well, eat customers money and than tender apology and then run away.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
35. Jayantilai May 1, 2019 11:28:34 AM IST Reply
Call put banknifty trading charge and any zero brokerage plan?call me.
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34. Akshay Shimpi Apr 25, 2019 10:13:59 AM IST Reply
They Give Advisory Everyday Through SMS And By Application Notification As Well. And The Application They Designed Is Perfect. It Is Like They Have Each And Everything In It.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Excellent
avatar
33. Nagarajan.C Mar 22, 2019 3:21:35 PM IST Reply
Customer support was quite less.

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Below Average
Overall Experience - Average
avatar
32. Ritesh Jha Feb 28, 2019 12:27:48 PM IST Reply
Trust me i have 2 demat A/c but 5paisa is the best .

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
31. VRAJESH SAHA Jan 8, 2019 6:32:53 PM IST Reply
hi
i want to open an account , but i am NRI.
1) do you allow open new account by physical form can print & sign.
- i have ADHAR but dont get OTP on my mobile
2) what security you allow to keep as colateral to sell option?

3) MORE INFO ON ALGO TRADE ETC


avatar
31.1. Vikas Jan 10, 2019 2:28:15 PM IST
5paisa is not offering NRI service, for NRI service you can contact IIFL (Parent company of 5paisa).

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