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Rated 4/5 by Top Share Brokers Team
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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.
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.
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
| Trading Account Opening Charges: | Rs 300 (Rs 500 Cashback as Brokerage) |
| Trading Account AMC: | Free |
| Demat Account Opening Charges: | Free |
| Demat Account AMC: | Rs 300 PA |
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 10 |
| 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 | Free |
| 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 10 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 10 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 10 |
| 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 | 0.02% or Rs 20 whichever is lower |
| Currency Options | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Rs 20 per order | Flat Fee Rs 10 |
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For complete brokerage charges and trading plans detail please visit 5paisa Brokerage Charges.
Please refer unique and accurate 5paisa Brokerage Calculator
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 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.
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 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.
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.
Contact 5Paisa
Open Instant and Online account with 5Paisa in 15 mins.
Submit Online Form
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 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.
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 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 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 customers can access customer support over the customer care helpline number or email ID to resolve their queries.
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.
Last updated on: 2022-05-25
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.
Free Delivery for Lifetime
Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
FREE Account Opening (₹650)
Trade at Flat ₹20 per Trade
Pay-as-you-go Demat AMC
Flat ₹20 Per Trade
Free Trading Tips & Software
Contact
5paisa
Ratings:
Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent