Incorporated in 2015, 5paisa is Mumbai India based financial service provide offering online brokerage services, insurance and mutual funds to retail customers in India. 5paisa part of India Infoline group (IIFL), a diversified financial service provider. 5paisa charge ultra-low brokerage fee to customers for trading in Equity, Derivatives and Currency at BSE and NSE exchanges. Customer could also buy Mutual Funds and Insurance through 5paisa.
5paisa uses its parent company IIFL's depository participants services to offer Demat Account.
Unlike traditional brokers 5paisa doesn't offer services like 3-in-1 account, IPO, fixed deposits, loans, margin funding, portfolio management services (PMS), investor advisory etc.
5paisa has simple brokerage fee model. They charge flat ₹10 per executed order across the trading segments and exchanges. Customer pay just ₹10 for every transaction irrespective to the size of the trade. An order to buy 100 share of reliance and 1 lakh share of reliance cost same (just ₹10) to the customer. This is over 90% cheaper than most traditional brokers.
5paisa's trading platform include mobile app, website, trading terminal and telephone.
Facts about 5paisa (as of May 2017):
5paisa is an online stock broker offering trading services through its in-house build trading platform and tools.
5paisa offers up to 90% saving in brokerage fee & taxes in comparison to traditional brick and mortar brokers. 5paisa's charges are 50% less than most other discount brokers in India including Zerodha who charges₹20 per trade. 5paisa mainly offer online trading and investment services to customer who can trade/invest by themselves with minimum help from the stock broker.
5paisa is primarily an online broker and doesn't have any ground presence except its head office at Mumbai.
5paisa also doesn't have any sub-broker offices or Franchisee.
Information about 5paisa broker, 5paisa branches, 5paisa sub broker, 5paisa support, 5paisa customer care, 5paisa user reviews, 5paisa user manual, 5paisa website, 5paisa review, 5paisa toll free number and 5paisa complaints.
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