5 Paisa

5paisa.com is a leading online broker, providing discount brokerage services for retail investors in India. 5paisa Capital Ltd is a professionally operated listed company promoted by the founder of IIFL. As of March 2021, it has served more than 1.2 million customers.

5paisa online trading can be used for stocks, commodities and currencies on BSE, NSE and MCX. This is a discounted all-inclusive stockbroker. Regardless of the size of the transaction, market segment or exchange, a fixed fee of 20 rupees is charged.

5Paisa offers three subscription plans; Basic Pack, Power Investor Pack and Ultra Trader Pack. These plans provide you with a variety of benefits, from zero account opening fees to a fixed fee from 20 rupees to 10 rupees.

The scope of 5paisa’s Mutual funds includes traditional mutual funds and direct mutual funds. The fixed exchange rate for each order is 5 paise and 10 rupees, which is used to invest in online mutual funds. Investors can make a one-time investment or invest through SIP.

The 5paisa Demat account is provided through your CDSL hosting membership and will be issued by CDSL as the main hosting member in March 2019.

The 5paisa trading platform includes a mobile trading application, a trading website and an installable trading terminal. These platforms are based on the latest technology and are recognized for making full use of mobile technology in financial services.

How is 5paisa different from other online brokers? 

5paisa is a one-stop-shop for a series of financial investment products. Here are the reasons why 5paisa has become the first choice for most investors.

Lower cost: 5 payments, 20 fixed rupees per order completed. With our value-added package, this fee is 10 rupees, the lowest in the industry.

Research Ideas: 5paisa is the only discount broker that provides in-depth research and advice on more than 4,000 stocks. We provide short-term and long-term call options, derivative strategies, and portfolio-based investment concepts. 

Margin financing: 5Paisa provides customers with margin trading financing options, and only customers pay. Part of the delivery amount purchased in the checkout section. The rest is funded by 5paisa at a nominal interest rate of 0.06% per day.

Multi-product application: 5paisa is not just a business application, it is a one-stop-shop for all investment products, including gold, peer-to-peer loans, insurance, mutual funds, and US investments. 

Analyzer: A tool that independently analyzes the performance of your investment portfolio and improves your investment strategy, operating offsets in all market segments.

Value-added package: With the value-added package, you can get the first 100 transactions per month for free. For the 101st transaction in each market segment, the flat rate for each completed order (50% discount) is calculated as 10 orders.

Account Type

5paisa Trading & Demat Account 

5paisa is a fast-growing discount broker in India, providing investment and trading services in the fields of stocks, derivatives (F&O) and foreign exchange. 5paisa is a member of BSE and NSE. Its parent company IIFL has more than 20 years of retail brokerage experience. 

5paisa.com provides trading services through a simple broker program where customers can trade in all parts. The best plan has a fixed fee of 20 rupees per order and a fixed fee of 10 rupees per order. In the Platinum plan, free capital delivery is provided in the Titanium plan. This can save up to 90% of fees compared to traditional brokers, which calculate broker commissions as a percentage of total turnover. 

5 Paisa merchant accounts are well integrated with other products they offer, including mutual funds, ETFs, guarantees and insurance.

Mutual Fund Account

Online mutual fund investment accounts are the main product of 5paisa. You can only open a mutual fund investment account with 5paisa for free. 

5paisa also offers a System Investment Plan (SIP), which is an automatic option for regular investments in the stock market through mutual funds. 

Auto Investor Tool is provided free of charge to customers who support MF through online advice. This tool will help you choose appropriate remedial measures based on your risk profile and expected results.

Open a 5paisa online account 

The 5paisa two-in-one account (Demat + trading account) provides your customers with the opportunity to invest and trade in stock exchanges and mutual funds. If you are looking for mutual funds only as investment opportunities, you can use a separate mutual fund account.

5paisa provides a completely paperless account opening based on Aadhaar. If you have an aadhaar number and your aadhaar number is assigned to the correct phone number, opening an account will be very fast. Activate after a few hours. 

You can also download the application form, print it out, fill it out and send it to the 5paisa Mumbai office to open an account.

The advantages and disadvantages of 5paisa 

The following are the advantages of 5paisa. Before opening a 5paisa account, you should read the pros and cons of 5paisa. The advantages and disadvantages of 5paisa will help you determine whether it is suitable for your investment needs.

• Regardless of the size of the store, market segment or exchange, the fixed amount for each order is 20 rupees. 
• An all-in-one account for free investment in stocks, mutual funds, commodities, currencies, research and advice. 
• You can open an account within 5 minutes without paper documents.
• Lowest DP Charges
• Free Mutual Fund account
• Multilingual trading app
• A free trading platform with mobile applications, websites and desktop trading terminals.
• No software fees. 
• Provide ideas for equity investment and research tools. 
• Algo and Robo trading services.
• Funded by the sponsors of IIFL.
• IIFL is one of the leading non-bank financial institutions in India with more than two decades of experience.

Disadvantages of 5paisa  

The following are the disadvantages of 5paisa. See the list of 5paisa’s disadvantages. 

• Three-in-one accounts are not provided. 
• The fees for direct debit transactions are very high. 
• They charge 25 rupees or 0.025% of the best plan. Trading commissions in a competitive environment with other discount brokers. 
• Call & Trade is provided as part of the best tariff, with an additional charge of 100 rupees per call.
• Customers can conduct any number of transactions in a single call for a fixed fee of 100 rupees. 
• Optimal Plan does not provide research and consulting services. 5Paisa does not provide NRI transaction services.