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5paisa Review 2022

Rated 4 stars Rated 4/5 by Top Share Brokers Team
Last updated on: 28-Jun-2022
5paisa Capital Ltd Review
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5paisa Review 2022 - Quick Summary

5paisa is the fastest-growing discount brokerage firms in India with a highly competitive pricing model, Rs. 0 commission on mutual fund investment, powerful in-house trading platforms across web, app, & desktop, and Robo Advisory platform. Its multiple brokerage plans charge a brokerage of Rs. 20 per order to the lowest brokerage fee of Rs. 10/order. It is the only discount broker that offers intraday trading tips, stock research on 4000+ companies, and portfolio advisory services.


Rated 4 stars

5paisa Top Highlight for 2022

  • Multiple product offerings; equity, derivatives, commodities, currencies, IPO, insurance, and US stocks.
  • Flat brokerage fee of Rs. 20/order across segments..
  • Trade at Rs. 10 per order brokerage with 5paisa paid brokerage plans.
  • Open All-in-one 5paisa Account; 5paisa Demat + Trading + free 5paisa mutual fund account.
  • Paperless account opening process in just 5 minutes.
  • Zero brokerage or commission-free mutual fund investment in 9000+ schemes.
  • Hassle-free fund transfer process via UPI and IMPS for free.
  • Get access to 5paisa Intraday Trading Ideas and fundamental research on 4000+ stocks.
  • Cutting-edge technology online trading platforms; 5Paisa Trading App, Trade Station 2.0, and trading website.
  • Custom-crafted research & investment ideas and Portfolio Advisory services on 5paisa Wealth.

About 5paisa

Incorporated in 2016, and within a short time, 5paisa becomes one of the leading online discount brokerage firms that charge Rs. 20 per order flat brokerage fee on equity, derivatives, commodities, and currency segment irrespective of the trade volume. If you are a heavy volume trader then you can subscribe to 5paisa Power Investor and Ultra-Pack subscription-based brokerage plans and enjoy the lowest brokerage trading at just Rs. 10/order brokerage and saves up to 90% brokerage charges. The broker also allows zero brokerage direct mutual fund investment for free.

You can choose to open a 5paisa 2-in-1 Account (Demat + Trading) instantly in just 5 minutes to trade and invest across segments and invest in mutual funds, however, if you are only looking to start mutual fund investment, open a 5paisa mutual fund account in a completely paperless manner.

5paisa is a technology-focused discount brokerage firm that offers hi-tech online trading platforms across web, mobile apps, and desktop versions. 5paisa Trade Station Web is the web-based browser-enabled trading platform and 5paisa Trade Station 2.0 is highly advanced and ultra-speed desktop trading software designed for active traders. The broker has the best 5paisa Mobile Trading App that offers a lot of unique features like multi-asset watchlist, advanced charting, exclusive research, and Robo investment advisory features. Customers can also access the best-in-class automated trading using the 5paisa state-of-art algo trading platform, recommended to experienced and professional traders.

5paisa is the only discount broker in India that offers research and advisory services to clients. The broker offers intraday trading tips, comprehensive research on 4000+ stocks, and portfolio advisory services to help customers make an informed decision.

Scroll down further to get the complete 5paisa Review 2022 including the 5paisa Demat account opening process, charges, 5paisa brokerage charges, 5paisa trading platforms, 5paisa mobile app features, and pros and cons of trading with 5paisa.

5paisa Promotion Offer

Current promotion offer from 5paisa for TopShareBrokers Visitors:

  • Flat Rs. 20 brokerage.
  • Free mutual fund account.
  • Best trading platforms, research, and advisory services.
  • Get Rs. 500 Brokerage cashback.
  • Open Instant 5paisa Account Now!

Request call back from 5paisa

5paisa Brokerage Plan, Fees and Charges

Rated 4 stars Brokerage and Commission Rated 4/5

5paisa offers a basic Rs. 20 fixed or flat brokerage plan and also has two paid brokerage plans, namely Power Investor and Ultra Trader Pack that saves upto 90% brokerage with Rs. 10/order fee on trading across segments

5paisa Account Opening Charges

Trading Account Opening Charges: Free
Trading Account AMC: Free
Demat Account Opening Charges: Free
Demat Account AMC: Rs 300 PA

5paisa Brokerage Plan with closest competitors

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

Broker 5paisa Zerodha Upstox Fyers Paytm Money
Service Type Discount Broker Discount Broker Discount Broker Discount Broker Discount Broker
Brokerage Range Rs 20 Rs 20 Rs 20 Rs 20 Rs 15
Account Type 2 in 1 3 in 1 3 in 1 2 in 1 2 in 1
Equity Delivery Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower Free 2.5% or Rs 15 whichever is lower
Equity Intraday Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.03% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower
Equity Futures Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.03% or Rs 20 whichever is lower 0.02% or Rs 15 whichever is lower
Equity Options Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Rs 20 per order Flat Fee Rs 15 per order
Commodity Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 0.03% or Rs 20 whichever is lower NA
Currency Futures Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.03% or Rs 20 whichever is lower NA
Currency Options Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Rs 20 per order NA
Rating
Rated 4 stars
Rated 4.5 stars Rated 4.5 stars Rated 4 stars Rated 4 stars

Other Charges

  • Call & Trade Charges: Rs 100 per call(No limit of orders)
  • RMS Auto Square Off Charges: Rs 100 per call(No limit of orders)
  • Hidden Charges: No

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

Please refer unique and accurate 5paisa Brokerage Calculator


Type of Account offered by 5paisa

5paisa offers 2 types of accounts; an All-in-one Investment Account (Demat + Trading + Mutual Fund Account) and only a 5paisa Mutual Fund Account. The All-in-one account allows the customer to trade or invest in equity, F&O, commodity, currency, IPO, mutual funds, US stocks, gold, and insurance products.

5paisa All-in-one Account (Demat + Trading + Mutual Fund Account)

    5paisa offers a 2-in-1 account opening facility wherein being a CDSL depository participant, it offers a 5paisa Demat account and also a 5paisa trading account. 5paisa Trading & Demat Account facilitates online trading on BSE, NSE, and MCX. If you open a 2-in-1 account with 5paisa, it also opens a free 5paisa Mutual Fund Account at zero fees to allow customers to invest in their choice of mutual fund schemes at zero brokerage charges or commission. You can also invest in a customized mutual fund portfolio recommended by experts to create wealth.

5paisa Mutual Fund Account

    If you only want to invest in mutual funds then instead of opening an all-in-one account, you must open only 5paisa Free Mutual Fund Account at nil account opening fees. The broker facilitates a quick account opening process and effortless mutual fund investment with just one click. Investing in mutual funds with 5paisa is free and levied with zero brokerage charges.

    5paisa mutual fund platform has 9000+ direct as well as regular mutual fund schemes from all top fund houses including Axis, HDFC, ICICI, SBI, Nippon, Mirae, L&T, Motilal Oswal, DSP, and others. Customers can either Start a SIP or invest the one-time lumpsum amount in their handpicked scheme.

    5paisa mutual fund app platform also provides popular funds, and top mutual fund collections i.e., High Growth, Wealth Builder, Stable Growth, and Tax Saver in line with your investment goal.

5paisa Mutual Fund Investment Features

  • Quick paperless account opening process.
  • No commission is charged on direct mutual funds.
  • Simplified user interface and appealing dashboard.
  • Top Fund selections as per your investment goal.
  • Start SIP or invest in lumpsum.
  • Comprehensive fund details including inception, returns, portfolio allocation, and sector allocation.
  • Invest in New Fund Offers (NFO)
  • Invest in Equity Linked Saving Scheme (ELSS) to save tax.

How to open 5paisa Account online?

5paisa offers a hassle-free paperless instant account opening process on both the 5paisa web and mobile app. You can open a 5paisa Demat account in just 5 minutes.

  • Head to 5paisa website or app.
  • Open Account Now!
  • Now, enter a 4-digit OTP sent to your mobile number.
  • Verify your email by entering your email ID and the OTP.
  • Now, enter your PAN number and DOB as per PAN.
  • Continue to Digi Locker, a government authorized portal to fetch your documents.
  • Enter your Aadhaar number to continue with Digi Locker and verify with OTP.
  • Add your bank details including account number, and IFSC code, and click on the “verify” option.
  • Enter personal details like gender, marital status, educational qualification, occupation, and experience, and click on the “proceed” option.
  • Click on the “Take a Selfie” option and capture your photograph.
  • Upload or draw your signature, and press on the “save & continue” option.
  • Upload documents; PAN card, Address Proof, and income proof (only required to trade-in derivatives).
  • Click on the “Esign now” option, enter your aadhaar number, enter OTP, and then click on the “Verify OTP”.

Note: A notification will be displayed on the screen that you have completed the account opening form. Once your account is activated you will receive a confirmation and login credentials will be sent to your email and mobile number to access your 5paisa Trading & Demat Account.

Open Instant and Online account with 5Paisa in 15 mins.

Alternatives to 5paisa

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5paisa Mobile App and Trading Platforms

Rated 4 stars Trading Platforms Rated 4/5

5paisa has Next-gen and cutting-edge technology online trading platforms available for free to use. The broker has in-house developed 5paisa Mobile Trading App, trading website, and desktop trading terminal to offer the fastest trading experience to pro or advanced traders.

5paisa Mobile Trading App

    5paisa mobile app is an all-in-one app to meet all your trading and investing needs in shares, F&O, commodities, currencies, insurance, loans, mutual funds, and investment in US stocks. 5paisa customers can also access research and advisory services on the platform. The easy-to-use free 5paisa app with a clean & intuitive user interface provides quick navigation to the watchlists and order book. World-class charting feature, multi-asset watchlist, Robo investment advisory, seamless trade execution, live market data, real-time stock quotes, and price alerts make it the best mobile app for both traders and investors. Customers can also invest in digital gold, buy direct mutual funds, and insurance, and take personal loans on the 5paisa app. Enjoy bank-level security on the 5paisa app with 256-bit SSL encryption that makes it a safe and secure mobile app.

5paisa Trade Station Web

    Trade Station Web is 5paisa’sbrowser-enabled online web tradingplatform that is compatible with Firefox, Safari, and Chrome. The high-speed 5paisa trading website enables fast and easy trade execution and offers many unique features including advanced charting tools, a user-friendly interface, Valid Till Triggered order, 20-level market depth, and a notification center.

5paisa Trade Station 2.0 [Desktop Trading Terminal]

    5paisa Trade Station 2.0 is a revolutionary desktop trading platform that offers a powerful trading experience to advance traders. The superfast and super-efficient desktop trading terminal offers advanced and powerful charting features with over 100 built-in technical indicators. Trade station scanner, Option chain with Auto Analysis, customized watchlist, customized workspace, and easy navigation with short-cut keys provides the ultra-fast trading experience.

5paisa Algo Trading

    5paisa technology-focused online broker offers a state-of-art algo trading platform to professional traders to analyze the market. Customers can choose a strategy coded by experts that best matches their trading strategy, back-test, and deploy it on the 5paisa trading terminal for quick order placement.

For detail review of mobile app and download please visit 5paisa Trading Platform Review.


5paisa Trading Pros

  • Rs. 20/order brokerage regardless of trade value.
  • Rs. 0 brokerage on delivery trades in Ultra Trader Pack.
  • Trade at just Rs. 10/order with Power Investor and Ultra Trader Pack.
  • Zero balance 5paisa account.
  • Free or Rs. 0 commission investment in mutual funds.
  • Investment in US Stocks at zero commission.
  • Best free trading platforms across web, desktop, and mobile app versions.
  • 5paisa Invest App, a dedicated mutual fund investment platform.
  • Smart research tools and intelligent portfolio investing ideas by experts.
  • Get comprehensive research on 4,000+ stocks.
  • Advanced orders like bracket order and cover order.
  • 5paisa Valid Till Triggered (VTT) order facility.
  • Free of cost 5paisa API to build your trading terminal.
  • 5paisa Smallcase, thematic investing platform.
  • 5paisa Algo Trading platform with the state-of-the-art automated trading feature.
  • 5paisa School, stock market education & learning center for beginners.

5paisa Trading Cons

  • High call & trade charges of Rs. 100/per call.
  • 5paisa does not offer NRI trading services.
  • A 3-in-1 account opening facility is unavailable.
  • Delivery trading with 5paisa is not free in the basic plan.

5paisa Customer Care info

5paisa customers can access customer support over the customer care helpline number or email ID to resolve their queries.


Final thought about 5paisa

Rated 4 stars Rated 4/5 by 27 users

5paisa is a technology-driven online discount brokerage firm that not just focuses on the competitive prices at Rs. 20 flat brokerage but also comes with breakthrough innovations. The broker has the best online platform including a website, mobile trading app, and desktop trading terminal, and also offers Robo advisory and Algo trading platform to customers. The key feature that differentiates 5paisa from other brokers is that it is the only discount broker that offers you comprehensive stock market research and trading tips to help you make an informed decision.

Request call back from 5paisa

Last updated on: 2022-06-27

FAQs

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.

 

Clients can add and transfer funds from the registered bank account only. If any customer wants to change his registered bank details then, the person needs to download, print and send the duly filled Bank Detail Account Modification Request Form to the broker along with the self-attested copy of bank proof such as bank statement, passbook, or canceled cheque. The modification form can be downloaded from the website or client can even contact the customer representative to get the form over e-mail.

Download Bank Details Modification Form

 

To convert the intraday position into delivery on 5paisa, you need to go to the “Position” window and click on the open position and convert it into delivery. The position can be converted on the same day by 3:10 pm subject to margin availability for the scrip you wish to convert.

 

Withdrawing money from 5paisa is simple and available both on the website and mobile app. For withdrawing money from the 5paisa website, login to 5paisa.com, then click on the amount beside mutual funds and click on the payout.

For withdrawing money from the mobile app, log in to 5paisa mobile app, go to the menu, then trade, then funds, and click on withdraw.

Payout cycle to withdraw money for Monday to Friday from 5paisa is:

  • Request payout on previous day 4.30 PM to next day 7.30 PM: Payment receipt in the clients’ bank account at 10.00 AM
  • Request at 7.30 AM to 9.30 AM: Payment received at 11.00 AM
  • Request at 9.30 AM to 11.30 AM: Payment received at 1.00 PM
  • Request at 11.30 AM to 2.30 PM: Payment received at 4.00 PM
  • Request at 2.30 AM to 4.30 AM: Payment received at 6.00 PM

The payout cycle to withdraw money for Saturday from 5paisa is:

  • Request payout on previous day 3.45 PM to next day 1.00 PM: Payment received at 4.00 PM
  • Request after 1.00 PM: Payment received at 1.00 PM on Monday

 

Yes, 5paisa is India’s fastest growing discount broker which offers investing and trading services that were launched in the year 2016. It offers online trading is available in equity, commodity, and currency at BSE, NSE, and MCX. It charges flat Rs 20 brokerage irrespective of the size of the trade, segment, or exchange. It also offers prepaid plans, viz., Optimum Plan, Platinum Plan, and Titanium Plan.

 

5paisa Capital Limited is a trading and clearing member of the National Stock Exchange (NSE) & BSE Limited (BSE). It is also registered with AMFI for Mutual Fund Distribution and is a Depository Participant registered with CDSL.

 

5paisa is one of the top discount brokers of India which is in partnership with IIFL Securities. So, 5paisa is a trustworthy, safe, and reliable broker which is also registered on BSE, NSE, and MCX.

 

BO ID is a unique 16 digit demat account number given to the customer's demat account with 5paisa. The first eight-digit are 5paisa DP ID, i.e., 12082500 and the last eight-digit are a unique client ID.

 

TPIN is a six-digit number that is sent to your email and mobile number when you open your account with 5paisa after 2 days from the activation of your account. You can use this pin for authorizing the selling of securities from your demat account or to transfer shares from your demat account to 5paisa collateral account.

 

The process of selling securities is considered as unsettled funds from the time you place a trade order until the completion of the settlement period. Settlement of stocks takes two days from the following trade day, therefore, the sale technically does not complete. The value of stocks sold on the trading day is called unsettled trade value in 5paisa or any other broker.

 


5paisa Capital Ltd User Reviews

avatar
49. DEEPAK KUMAR MISHRA Sep 04 2021 02:52:48 PM Reply
Like

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
48. Karan Feb 16 2021 10:28:52 AM Reply
Overall great app!

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
47. Ram Jun 26 2020 11:05:10 AM Reply
5paisa is the worst brokerage service provider. They entice you with low cost brokerage and trading account, but it is literal trap.

Once we put our fund, it very very difficult to take them out.

The customer service is worse than fish market service. No one cares or cordial towards customer.

They will reply us the same copy pasted message 100 times whatever way we ask them.

Also, there are lots of hidden charges, they will give some reason blaming NSDL or CDSL for the charges and will never reverse them.

I''m having sleepless nights trying to move my fund out of the trading account.

My advice is even if we pay extra Rs. 10 it is better to have good night feeling our hard money is in safe hands.
avatar
46. Subhash Chandra Jun 25 2020 06:05:41 AM Reply
1. The rate is not quoted on real time basis.
2. There is no levereage provided in all segments.
3. Bracket and cover order is not working in Index segment.
4. In ledger there is minimum balance to be maintained.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Very Poor
Customer Service - Below Average
Overall Experience - Below Average
avatar
45. Suresh Apr 29 2020 12:44:37 AM Reply
Most stupid web for trading

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
44. Raghavendra Shastri Mar 26 2020 12:58:29 PM Reply
Never ever get trapped in 5paisa trap. Very poor service even if you are a premium member. They will call you thousand times for selling their useless service once you get trapped they will ignore you like anything. You won’t be able to trade as you like. Lots of hidden charges. No support at all. You will loose your money and they wont even address your concerns. There is no telephonic support at all they will ask you to send email and when you send email few days later you will receive an email stating that your issue is resolved and case closed. Nothing would be done. You will get only frustration and disappointment.

Stay away from these thieves.

Ratings:

Brokerage - Average
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
43. viral Dec 29 2019 01:56:33 AM Reply
not good

Ratings:

Brokerage - Average
Account Maintenance Fees - Very Poor
Website Usability - Average
Customer Service - Very Poor
Overall Experience - Below Average
avatar
42. Sunil Dec 09 2019 04:03:43 AM Reply
Worst experience. They charged me for the service i didnt even subscribed. When asked to refund, they didnt even care to respond, i had to close the account to come out of they clutches. Do not recommend 5paisa to anyone. They are bunch of cheaters

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
41. BIJENDER MISHRA Oct 23 2019 01:57:51 PM 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...