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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 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.
Current promotion offer from 5paisa for TopShareBrokers Visitors:
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.
| Trading Account Opening Charges: | Free |
| 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 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 |
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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.
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.
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.
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: 2022-12-13
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.
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
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
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;
Steps to withdraw funds from 5paisa Trade Station Web;
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;
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.
Free Delivery for Lifetime
Flat ₹15 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
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5paisa
Ratings:
Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent