5paisa Capital Ltd is the leading Mumbai-based online discount broker. The broker commenced its operations in March 2016 and in December 2018, it became the 2nd largest discount broker in India after Zerodha. The concept behind the broker’s name as “5paisa” is very interesting denoting that every paisa saved is the same as a paisa earned. 5paisa operates in 3 key segments; online trading, insurance, and mutual funds. The brokerage house, being a registered trading member of BSE, NSE, NCDEX, and MCX, offers online trading in equity, derivative, commodity, currency, and IPO. It further offers various types of insurance such as term-life, health insurance, vehicle insurance, etc. In addition, 5paisa mutual fund investment facility allows customers to undertake investment in both the direct as well as regular schemes.
The broker became a registered DP with CDSL in March 2019 and offers 5paisa Free Demat Account to clients. One can open a 2-in-1 account with 5paisa including a demat and trading account, commonly referred to as “All in-1 investment account” to trade across all the segments i.e. equity, F&O, commodity, currency, IPO, etc. With a 2-in-1 account, they can also get a free mutual fund account to invest in mutual funds. However, if you’re only an MF investor then there’s no mandatory requirement to open a 5paisa trading account as one can just open a free mutual fund account with the broker.
The phenomenal and fast growth of the broker can be credited to its Flat brokerage model wherein the broker offers online trading across all segments at a flat fee of Rs. 20 per order under the Optimum plan. Moreover, the broker also offers Basic, Power Investor, and Ultra Trader Pack that even charge a lower flat fee of Rs. 10/order at a fixed monthly fee of Rs. 499 and Rs. 999 respectively.
The discount stockbroker offers the best class trading platforms including mobile trading app, installable trading terminal, and web-trading platform. The world-class technology platform offers an abundance of features to provide ease, convenience, and flexibility to end-users.
5paisa won many awards such as Best Digital Startup of the year award, Emerging Brand Excellence in BFSI Sector award, Emerging Company of the Year -2020, Best Broking Fintech Product, and also recognized for the best use of mobile technology in the financial service sector. You can also avail of various value-added services such as call & trade, research advisory, Algo trading, and other facilities with 5paisa. Scroll down the page to get the complete details of 5paisa review including its investment offerings, brokerage charges, trading platforms, accounts, and others.
5paisa Capital Ltd, a full-service discount broker offers online trading across equity, F&O, commodity, currency, and other segments at a flat-fee brokerage of Rs. 20/order.
Rs 500 Cashback as Brokerage benefit. This is a limited time offer.Sign up now
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 | Yes |
| MF SIP | Yes | Yes | Yes | Yes | No |
| ETF Investment | Yes | Yes | Yes | Yes | Yes |
| Banking | No | No | No | No | No |
| Insurance | Yes | Yes | No | No | No |
»» Trading Account Opening Charges: Rs 300 (Rs 500 Cashback as Brokerage)
»» Trading Account AMC: Free
»» Demat Account Opening Charges: Free
»» Demat Account AMC: Holding below 50K - Free, b/w 50k and 2L - Rs 8 el
5paisa charges highly competitive brokerages as its flat brokerage charges of Rs. 20 across all segments are in line with other discount brokerage houses.
Other charges:
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.
| Broker | 5paisa | Sharekhan | Zerodha | Upstox | SAMCO |
| 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 | 3 in 1 | 3 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 | 0.03% or Rs 20 whichever is lower | 0.05% 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 | 0.03% 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 | 0.03% 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 |
| Rating |
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.
5paisa discount brokerage house offers mainly two types of accounts – All-in-one Investment Account and Free Mutual Fund Account. Both of these accounts allow customers to trade across different financial products to satisfy clients’ investment requirements.
As the name suggests, the all-in-one account is an integrated platform of 3 accounts; 5paisa Demat Account, 5paisa Trading Account, and 5paisa Mutual Fund Account. By opening an all-in-one account with 5paisa, people can trade across all segments including equity, commodity, derivatives, currency, IPO, MF, bonds, insurance, etc. People can also get personal loans and access technology-driven research & advisory tools. Let’s understand each of the 3 accounts in detail;
Benefits
Considerations:
If you’re only a mutual fund investor and don’t trade in equity, F&O, commodity, currency, IPO, and other products then, it is a better choice to open a 5paisa Mutual Fund Account only so as to avoid any demat and trading account charges. You can open a FREE Mutual Fund Account with the broker at zero charges and undertake investment in the direct as well as regular schemes via SIP or lumpsum. Investment in direct plans is charged at a flat fee of Rs. 10/order while investment in regular schemes is free. The broker also provides Auto Investor services to help them build a customized MF portfolio in line with their goal, risk-tolerance capacity, and tenure.
Benefits
Considerations
5paisa offers a complete package of in-house trading platforms including 5paisa mobile app, web platform, and trading terminal or software for online trading. Users can access each of the three trading platforms free at zero charges. A brief description of each of the platform offered by the broker are provided here as under:
5paisa Mobile app is the industry’s one of the fastest-growing application and this is the reason, why, in November 2018, the app has won the “Best Mobile Trading App” award. One can use the 5paisa app to trade anywhere in the world and access its premium features that made it the best trading platform including but not limited to a single app to invest across all products, simple and attractive user interface, multi-asset watchlist, Auto investor, real-time market quotes, powerful charting, faster trade execution, thematic investing i.e. Smallcase, hassle-free fund transfer, research tools, price alerts. You can download a 5paisa app on both the android and iOS devices from the Google Play Store and App Store.
Trade Station Web is the web-based trading platform on 5paisa.com. Users can log in their account accessing 5paisa online platform on any compatible browser i.e. Firefox, Chrome, Safari, Internet Explorer. The Trade Station by 5paisa facilitates you to trade-in stocks, futures & options, commodity market, currency market, IPO, mutual funds, etc. The lightening Trade Station Web comes with many features such as user-friendly interface, market watch, market watchlist with sparklines, a comprehensive dashboard, 20 years of historical data, technical charts & indicators, market analytics, etc.
Trade Station EXE is the desktop trading software or 5paisa trading terminal. You can install the software on your desktop and unlock its abundance features i.e. multiple order placement, advanced watchlist, advanced charting & tools, portfolio tracker, fast & reliable trade execution, keyboard shortcuts, order slicing, price alerts & notification, etc. The trading terminal by 5paisa is highly useful for expert-level traders and can be downloaded from the broker’s website. The only drawback is that the iOS version of the terminal is not yet available therefore, mac or iOS users can’t use it.
5paisa offers a number of research tools that are elaborated here as under:
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.
| 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 |
5paisa is a completely digital broker that offers equity trading, derivatives trading, commodity trading, currency trading, IPO, MF, and other financial products. The online discount broker provides trading across various segments at a flat brokerage charge and thereby provides low-cost trading services to people. It is also the first online broker who offers Algo trading and Robo advisory services to customers. Further, its technology-driven mobile application, web-trading platform, and trading terminal provides a world-class trading experience. In addition, free mutual fund account, innovative research tools, advisory services, etc. attracts a large number of audience base to open an account with 5paisa and enjoy paperless trading. If you’re looking for the lowest discount brokerage to trade-in various financial products & services, then 5paisa is one of the best options. However, the key consideration with the broker is that it doesn’t offer NRI trading.
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 2021-02-03
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:
The payout cycle to withdraw money for Saturday from 5paisa is:
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.
Ratings:
Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent