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5paisa Review 2023

Rated 4 stars Rated 4/5 by Top Share Brokers Team
Last updated on: 13-Dec-2022
5paisa Capital Ltd Review
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5paisa Review 2023 - 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 2023

  • 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 with best-of-class and user-friendly trading platforms, cheapest brokerage plans at Rs 20/order, free mutual fund investment, and trading tips & extensive stock research.

5paisa discount broker charges 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 enjoys 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 a 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 has a fair and transparent pricing model with 3 brokerage plans available for traders and investors; the Regular/standard brokerage plan that is free for all, Power Investor Plan (Rs 599/month), and Ultra Trader Pack (Rs 1199/month).

Its regular plan charges you a flat fee of Rs 20 per order on equity delivery (CNC), intraday (MIS), equity F&O, commodity, and currency trading irrespective of the size, trade value, or quantity of shares bought.

Supercharge your trading experience and save upto 90% brokerage by subscribing to the premium Power Investor and Ultra Trader plans that charge Rs 10/order fee on intraday and F&O trades. However, investment in stocks or delivery trading in the Power Investor plan is charged at Rs 20/order while Super Saver Ultra Trader Plan offers brokerage-free delivery trading.

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.

    Is 5paisa demat account free? Yes, opening an integrated 2-in-1, trading & Demat account with 5paisa online is free at zero account opening charges.

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

 Demat Account
 Demat Account
 Demat Account
 Demat Account

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: 2022-12-13

FAQs

5paisa allows position conversion from intraday to delivery or vice-versa for free. You can convert intraday trade positions (MIS) to delivery (CNC) positions using the web platform. To do so, under the “Order” option, go to “Positions”, tap on Convert intraday to delivery, and your MIS positions will be converted to the delivery trades.

You must convert positions before 3:10 PM and before position conversion, you must check the margin availability.

 

5paisa allows customers to trade in shares/stocks, equity derivatives, commodities, and currency segment. You can trade with 5paisa using its mobile app, Trade Station Web, or by downloading the desktop terminal as per your preference.

  1. Log in to the 5paisa mobile app or website.
  2. Search and add the scrip of your choice in the watchlist.
  3. Tap on the “Buy/Sell” option.
  4. Select your choice of order type (MIS/CNC) and enter details like quantity and price.
  5. Confirm the details and submit the order.

 

Yes, 5paisa is a full-service discount broker that provides online trading in equity, F&O, commodity, and currency at Rs 20 fixed brokerage model and also offers research & advisory services. Customers can also invest in IPO, mutual funds, and US stocks with 5paisa.

 

5paisa Capital discount broker is a registered depository participant with CDSL (IN DP CDSL: IN-DP-192-2016) to provide Demat account opening services to customers. Customers can now open a free 5paisa Demat account by paying zero charges, and also charges reasonable maintenance fee of Rs 300 every year.

 

Yes, 5paisa is a safe, reliable, and trustworthy broker because it is registered with SEBI, BSE, NSE, and MCX exchanges. Nirmal Jain, who is also the promoter of IIFL holdings is a major shareholder in 5paisa broking house. This is the reason 5paisa despite being a discount broking house offers research & margin facilities. Further, the broker is neither involved in proprietary trading. 5paisa is also a publicly listed company which shares traded on the BSE and NSE.

 

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.

 

Are you a beginner? If yes, 5paisa is a cost-savvy discount broker for you that charges a maximum of Rs 20/order brokerage fee irrespective of the trade volume. Not just the brokerage but also 5paisa provides expert-backed investment ideas, trading calls, and stock research to help beginners. Finschool free learning platform and blog center are also available for beginners' financial literacy and education.

Customers can open a free 5paisa trading and demat account and start trading on BSE, NSE, and MCX at the lowest flat brokerage. Beginners can also begin to their stock market investing journey by investing in direct mutual funds at zero commission or brokerage.

 

5paisa was launched in 2016 by Prakash Gagdani and Nirmal Jain and within a short span of time; multiple exchange trading, flat brokerage pricing model, best-class technologically advanced trading platforms, etc. make it one of the fastest-growing discount broking houses in India.

Currently, Fairfax India Holdings and Mr. Nirmal Jain are the major shareholders or promoters in 5paisa, who also have shareholdings in IIFL Holdings.

 

5paisa offers free account opening at Rs 0 charges but online trading with 5paisa is not free. The lowest cost discount broker charges Rs 20 flat fee on trading in shares, futures & options, commodities, and currency segments. The charges can be even lower to Flat Rs 10 per order in the Power Investor Pack and Ultra Trader Pack brokerage plan.

5paisa does not allow brokerage-free delivery trading, however, investment in mutual funds is completely free.

 

Get in touch with 5paisa customer support executives by raising an online ticket, writing a mail at [email protected], or call at the customer service helpline desk at 8976689766. The team of 5paisa customer care representatives resolves your queries in a decent turnaround time. The discount broker does not have a toll-free number.

 

VTT stands for “Valid Till Triggered” order which is similar to Good Till Triggered (GTT) order. 5paisa customers can place a VTT order by setting a trigger price and when the trigger price hits, the order is automatically placed on the exchange at the limit price. The unique feature of a VTT order is it remains valid or active until triggered thus, users don’t have to place it every day.
Customers can even place a 3-leg VTT order; one is normal trigger order, a target price order, and a stop loss order together. VTT orders in 5paisa are valid for a period of 1 year means you don’t have to track the market every day to buy or sell scrip at the desired price in the future.

 

There are multiple fund transfer modes to add money to your 5paisa trading accounts such as UPI, net banking, and NEFT/RTGS/IMPS transfer. UPI is the most convenient way to add funds instantly to your 5paisa account at zero charges.

Steps to add funds to 5paisa app using UPI

  1. Log in to the 5paisa mobile app.
  2. Click on the “User” option.
  3. Under the funds, click on the “Add Funds” option.
  4. Enter the amount and select “UPI” mode.
  5. Enter your virtual UPI payment ID address and click on Pay.
  6. Open the UPI app and enter your PIN to authorize the payment request.
  7. Once done, the 5paisa trading account will instantly reflect the amount transferred.

 

If you do not use UPI or want to transfer funds from your bank account to the 5paisa trading account then you can do it using the net banking payment mode. 5paisa allows net-banking fund transfer facility through 44 partner banks.

Steps to transfer funds in 5paisa account using net banking

  1. Log in to the 5paisa web or app.
  2. Under the user profile page, tap on “Add funds”.
  3. Enter the amount you wish to add and select “net banking”.
  4. It will redirect you to your bank’s website.
  5. Use your bank credentials to log in to your net banking account
  6. Authorize the fund's transfer request and the amount will be credited in 5paisa.

5paisa net banking payment gateway charges;

It charges Rs 10 payment gateway charges under regular and power investor plans when you chose to transfer funds directly from your bank to 5paisa account via the Net banking option. However, there are no charges in the Ultra Trader brokerage plan.

 

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.

You can withdraw money from 5paisa trading account online in just a few steps. A customer can place a payout request upto 5 times a day.

Steps to withdraw funds from 5paisa app;

  1. Log in to the 5paisa app.
  2. Go to User.
  3. Tap on Withdraw
  4. Withdrawal balance will be visible on the app screen.
  5. Enter the amount you wish to withdraw, and tap on Withdraw.
  6. In case of multiple banks registered, select your preferred bank account you want to get money credited in.
  7. Funds will be credited into your bank account within 24 hours.

Steps to withdraw funds from 5paisa Trade Station Web;

  1. Log in to your 5paisa account on web platform.
  2. Go to Fund Ledger.
  3. Tap on Withdraw funds.
  4. Enter the amount to be withdrawn and proceed.

 

Yes, 5paisa is a full-service discount broker that provides intraday trading tips and extensive research reports on 4,000+ stocks. The team of in-house experts provides trading calls, advisory, and portfolio analytics services.

 

Are you an intraday trader then 5paisa can be a recommended discount broker for you due to multiple reasons such as follows;

  • Intraday trading (MIS) at flat Rs 20/order.
  • Save brokerage with Ultra Trader or Power Investor Plan to trade at Rs 10 per order.
  • Superfast trading technology platform including 5paisa app and Desktop Trading Terminal.
  • Advanced charting with a lot of indicators for technical analysis.
  • Intraday trading tips and calls.
  • Margin Trading facility.

 

BTST (Buy Today, Sell Tomorrow) is a short-term trading wherein stocks that you have purchased today are sold on the next trading session. 5paisa users can do BTST and STBT trades on its trading platforms. 5paisa analysts and experts also recommend stocks for BTST trading.

 


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...