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Published on Wednesday, April 4, 2018 by Chittorgarh.com Team | Modified on Monday, July 18, 2022
| Pros | Cons |
|---|---|
| Simple and low brokerage at flat Rs 20. | No commodity tradings. |
| Free trading platforms for web, desktop and mobile. | No 3-in-1 accounts. |
| Free research advice on trading. | Average customer service. |
| Paperless Aadhaar account opening process. | |
| Part of IIFL, a popular non-banking financial institution. | |
| Listed in NSE and BSE. |
5paisa.com is a discount broker based in Mumbai. It is part of a leading financial services companies - IIFL which has over 2.9 million customers. 5paisa offers services in stock trading, insurance, and mutual funds. It is listed in BSE and NSE and claims to have over Rs 3000 crore in turnover per day.
5paisa was relaunched with a new brokerage model for online broking services in 2016. In 2016, IIFL demerged 5Paisa from the company into 5Paisa Capital. The company leverages innovative technology to offer low-cost trading services. Being a 100% online broker, the company's customer base includes millennials and people from tier-3 and tier-4 cities.
5Paisa 'School' is an initiative towards customer education in trading. It offers various courses on stocks & derivatives trading, technical analysis, insurance, and mutual funds. The courses are designed for traders of all level- beginners, intermediate, and pro. There are also videos and articles available on that are good in understanding various aspects of trading and personal finance.
5paisa Trade Station is a powerful desktop trading platform. You need to install it on your desktop computer to trade. Some of the key features offered by the platform are:
You can also trade on 5paisa on the web browser. The platform is available on Chrome, Firefox and Internet Explorer. Key features of the platform are:
5Paisa offers a mobile app for trading. The app is available on Apple iOS and Android platforms. Some of the key features are:
Buy and sell are considered as 2 separate orders for calculating brokerage.
FREE Account Opening (₹0)
FREE Intraday Trading (Eq, F&O)
30 days brokerage free trading
Free - Relationship Manager
Free - Classroom Training
If I choose Platinum account what may be the amount to tade bank nifty options.for both selling and buying options
I do not need demat account.so will not have AMO fees correct?