5paisa Review 2023
5 Paisa Stock Trading, Demat, Brokerage and Reviews 2023
5paisa.com is India’s premier online stockbroker providing discount brokerage services at competitive rates to retail investors in India. 5paisa Capital Ltd, formed under IIFL founders’ direction and operated as an independently traded public limited company since October 2017, boasts more than one million clientele as of March 2021.
5paisa online trading provides equity, commodity and currency trading at BSE, NSE and MCX exchanges at competitive flat rate discounts – charging only 20 Rs in brokerage regardless of size, segment or exchange of trade.
5Paisa offers three subscription plans; Basic Pack, Power Investor Pack and Ultra Trader Pack – with benefits ranging from Zero Account Opening Charges and reduced Flat Fee (from Rs 20 down to Rs 10).
5paisa Mutual Funds’ offering encompasses both Regular and Direct Mutual Funds; online orders cost just Rs 10 for investment purposes, making investing simpler than ever whether investing as a lump sum or through SIP.
A 5paisa demat account can be opened through its Depository Participant membership with CDSL and was recently honoured by CDSL with Premier Depository Participant status in March 2019.
5paisa’s trading platform comprises Mobile Trading App, Trading Website and Installable Trading Terminal, all built using cutting edge technologies for optimal use of mobile technology in financial services.
How is 5paisa different from other online brokers?
5paisa provides investors with all kinds of financial investment products at one convenient place, which makes us the go-to place. Here’s why 5paisa stands out among investors:
- 5paisa offers one of the lowest order execution charges: Rs 20 per order completed (which drops down to just Rs 10 when combined with our value add packs), making us amongst the cheapest options in this space.
- Research Ideas: 5paisa is the only discount broker offering comprehensive research on over 4,000 companies, providing both short- and long-term calls as well as derivative strategies as well as portfolio-based investment ideas.
- Margin Funding: 5paisa offers customers margin trade funding services where only part of the delivery amount purchased in cash segment needs to be paid in advance; any outstanding amount is funded by 5paisa at an agreed daily fee rate of 0.06 percent per day.
- Multi-Product App: 5paisa offers more than just trading apps – it’s your one-stop-shop for investing products such as gold, P2P lending, insurances, mutual funds and US investments!
- Analytics Services: 5paisa provides Portfolio Analyzer as an independent way of reviewing the performance of your portfolio on its own and honing its investment strategy.
- Value-add packs: With value-add packs, the first 100 trades per month can be executed free of charge while thereafter an executed order fee (50% discount) applies for all segments.
Account Types
1. 5paisa Trading & Demat Account
5paisa is India’s fast growing discount broker offering investing and trading services across stocks, derivatives (F&O) and currency. As members of both BSE and NSE markets, 5paisa’s trading account benefits from over two decades’ of expertise from IIFL in retail broking industry development.
5paisa provides trading services under an attractive brokerage plan designed for ease of use, offering trading across segments for just Rs 20/order in its Optimum Plan or Rs 10/order under its Platinum Plan, or Free Equity Delivery with their Titanium Plan subscription – up to 90% savings over traditional brokers who charge brokerage fees as a percentage of total turnover turnover.
5paisa Trading Account can easily integrate with their other offerings such as mutual funds, ETF, bonds and insurance products.
2. Mutual Fund Account
5paisa offers online Mutual Fund Investment Accounts at no charge to its users, making investing easier for investors of all backgrounds. Furthermore, 5paisa also provides Systematic Investment Plans (SIPs), an automatic periodic investing option within mutual funds on stock market platforms.
Auto Investor is an accessible free of cost tool available to its customers that assists with online fund advisory services, helping select funds based on risk profile and return expectations.
5Paisa subscription plans
5Paisa offers three subscription plans – Basic, Power Investor and UltraTrader Plan. New customers may subscribe while opening an account while existing ones can subscribe using the 5Paisa website or mobile application.
5paisa Brokerage Plans 2023
| Basic Pack | Power Investor Pack | UltraTrader Pack | |
|---|---|---|---|
| Account Opening Fee | Free | Free | Free |
| Brokerage | Rs 20 per order | Rs 10 per order | Rs 10 per order |
| Call & Trade | Rs 100 per call | Rs 100 per call | Free |
| Demat AMC | Rs 25 per month | Rs 25 per month | Rs 25 per month |
| DP Transaction Charges | Rs 12.5 per scrip (sell side) | Free | Free |
| Fund Transfer Charges | Net Banking: Rs 10, UPI: Free and IMPS: Free | Net Banking: Rs 10, UPI: Free and IMPS: Free | Free |
| Direct MF Investment Charges | Rs 20 | Free | Free |
| Research Advisory | Not Available | Free | Free |
| Free Trades | NA | NA | Free 100 trades per month maximum of Rs 1000 |
| Dedicated Customer Support | NA | Free | Available |
5paisa Charges 2023
5paisa Account Opening Charges & AMC
| Service | Charges |
|---|---|
| Trading Account Opening Charges (One Time) | Rs 0 (Free) |
| Trading Annual Maintenance Charges (AMC) | Rs 0 (Free) |
| Demat Account Opening Charges (One Time) | Rs 0 |
| Demat Account Maintenance Charges (AMC) | Rs 300 yearly (charged as Rs 25 per month) |
5Paisa Trading Brokerage Charges
| Segment | Brokerage Fee |
|---|---|
| Equity Intra-day | Rs 20 per trade |
| Equity Delivery | Rs 20 per trade |
| Equity Futures | Rs 20 per trade |
| Equity Options | Rs 20 per trade |
| Commodity Futures | Rs 20 per trade |
| Commodity Options | Rs 20 per trade |
| Currency Futures | Rs 20 per trade |
| Currency Options | Rs 20 per trade |
5paisa Online Account Opening
- 5paisa's 2-in-1 account (demat + trading account) gives its customers an option to invest and trade in the stock market as well as in mutual funds. If you are looking for only Mutual Funds as investment options, a separate Mutual Fund Account is available.
- 5paisa offers completely paperless account opening based on Aadhaar. If you have an Aadhaar number and your Aadhaar number is mapped to the correct mobile number, the account opening process is really fast. After completing the online application, the online trading accounts get activated in a few hours.
- You could also download the application form, print it, fill it up and send it to 5paisa Mumbai office to open the account.
5paisa Trading App Feature
5paisa’s Trading Platform is built upon IIFL’s well-used trading platform which has been utilised by thousands of customers over two decades. 5paisa makes their platform available via mobile apps, web browsing and an install-able desktop trading application (Exe).
- 5paisa Mobile App
The 5paisa mobile trading app makes trading at BSE/NSE and Robo Advisory accessible anytime, from anywhere – simply download it free on Google or Apple App stores to use this user-friendly application for buying stocks, trading futures & options, mutual funds investments or bonds etc. - 5paisa Web Trading (5paisa.com)
5paisa offers an intuitive trading website (www.5paisa.com) accessible via any web browser on computer, laptop, mobile devices and tablets – the 5paisa Trader Station provides all trading and investment solutions within one platform.
Our web based trading platform is seamlessly connected with payment gateways and banks for instant fund transfers. - 5paisa Trade Terminal
The 5paisa Trading Terminal was specifically created for frequent traders that need advanced trading tools. This desktop application offers real time data as well as advance charts of both intraday and historic stock prices for easy trading.
5paisa Pros and Cons
5paisa offers many advantages that should help investors determine if it fits with their investment requirements. Before opening an account with 5paisa, read up on its advantages and disadvantages carefully so you know whether its pros and cons suit you or not.
Pros
- Flat Rs 20 Rs/order regardless of trade volume or segment/exchange affiliation.
- One account to invest in stocks, mutual funds, commodities, currency research and advisory.
- Account opening in five minutes should be FREE and paperless!
- Lower Direct Perpetration Fees; Free Mutual Fund Account
- Multilingual Trading App and Website. No Software fees charged!
- Give Stock Investment Ideas and Research tools.
- Robo-Advisory services and Algo Trading solutions.
- Customers may benefit from free technical, derivative and fundamental research and advice without additional charges.
- Email and Mobile Technical Calls.
- IIFL was established by its promoters over two decades ago as India's premier non-bank financial institution, offering non-bank loans at competitive interest rates to both retail and institutional customers alike.
Cons
- Margin funding can often come as an unpleasant surprise and cause major confusion for customers who then end up paying large interest charges on it.
- They charge very high demat debit transaction charges of Rs 25 or 0.025% under their Optimum plan, making their fees quite prohibitively expensive.
- Higher transaction charges than competing discount brokers for exchange transactions.
- Call & Trade is available as an additional cost in Optimum plan at an extra fee of Rs 100 per call, giving customers access to place multiple trades all in one call at an affordable cost of just Rs 100 flat fee per transaction.
- Research and advisory services are not included with an Optimum Plan subscription.
- 5Paisa does not currently provide NRI Trading services.
- Does not provide a 3-in-1 account.
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