5paisa Capital Ltd, a financial service provider powered by IIFL, offer 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.
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 is heading toward "best discount broker in india", currently holding 2nd position even though started very late in discount brokerage segment. Zerodha started its journey in 2011 holding 1st position where 5paisa started its operation in 2016 is holding the 2nd position in terms of active clients.
5Paisa is a Mumbai based discount brokerage firm offering "Invest"- in Mutual Funds and IPOs, "Trade" - in Equity & Currency and "Insure"- Insurance package under one platform.
You can do trading across Equity, Future & Options (F&O) and Currency segments listed on NSE and BSE 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 you can link your any other demat account with 5paisa trading account.
Trading through the web, desktop, and mobile app is available at no extra cost. You can open two types of accounts with 5paisa:
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. 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 you build a portfolio of mutual funds by recommending the suitable mutual funds based on your investment objectives, risk profile, income and expenses.
On Other services, 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 automated Insurance Advisor that calculate 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
On 5paisa brokerage charges, 5paisa brokerage rates 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 maximum brokers, so 5paisa is not charging any PCM fee.
Free Account Opening, Save Rs 650 on your account opening. This is a limited time offer until 30th June 2019.Sign up now
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 | Rs 10 | 0.1 to 0.5% | Rs 20 | Rs 20 | 20 Rs |
| Account Type | 2 in 1 | 2 in 1 | 2 in 1 | 2 in 1 | 2 in 1 |
| Monthly Plans | No | No | No | No | No |
| Rating |
Please refer unique and accurate 5paisa Brokerage Calculator
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 though. Call and trade facility is also available.
In May 2019, 5paisa changed its Demat AMC charges policy. Usually demat AMC is charged once in a year. Now 5paisa change this to monthly charges of Rs 45+GST PM when you trade. So to be more clear, this will not depending 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. In other words, if you have not done any trade in a calendar month with 5paisa, you don’t have to pay demat amc charges.
5paisa trading and mutual fund account accept net banking fund transfer from 23 banks. NEFT can be done on 5Paisa Capital Ltd, Account number - 5Paisa and IFSC code - ICIC0000106 (ICICI Bank Ltd, Delhi RPC). IMPS can be done on ICICI Bank Ltd, Account number - "0000405074102" and IFSC Code "ICIC0000004".
| Brokerage Plan | Flat Fee Rs 10 Trading Plan |
| Flat Fee | NA |
| Equity Delivery | Flat Fee Rs 10 |
| Equity Intraday | Flat Fee Rs 10 |
| Equity Futures | Flat Fee Rs 10 |
| Equity Options | Flat Fee Rs 10 |
| Currency Futures | Flat Fee Rs 10 |
| Currency Options | Flat Fee Rs 10 |
| Commodity | Flat Fee Rs 10 |
For complete brokerage charges and trading plans detail please visit 5paisa Brokerage Charges.
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 trader terminal - Download
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
5paisa offers mobile app based trading to its customers. The app can be downloaded from Apple or Google store.
App Features:
The Auto Investor that builds a fully customized mutual fund investment portfolio
For detail review of mobile app and download please visit 5paisa Trading Platform Review.
5paisa is among the top premium discount broking firms in India. 5paisa has reformed the broking business by offering a completely digitized platform where you can trade (Share/Stocks), invest (Mutual Funds, SIP) and secure (Insurance) at very low cost.
5paisa’s charges are the lowest in the industry, a flat fee of Rs. 10/- per transaction irrespective of the volume. Accepts documents online making the process absolutely paper-less 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, automated advisory tools is a plus which you don’t find usually in other discount brokers.
So if you are looking out for a brokerage firm that has all the investment options backed with powerful technology at the same time act as your 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.
5paisa is one stop shop for all your investment worries.
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Ratings:
Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor