82.82% 793,518 Clients
Incorporated in 1995, 5paisa.com is a Mumbai based discount stock broker. 5paisa provides a range of trading and investment services to its customers. The company offers trading services in stocks, currencies, Futures and Options. Robo advisory and Algo trading are other major offerings of the company. Robo Advisory is an automated investment advisory system that helps you choose mutual funds as per your profile. Algo Trading leverages computer programs to analyse markets and places trades on the terminal thereby reducing manual intervention. Besides it also offers Mutual Funds, Insurance and Loans.
5paisa charges one of the lowest brokerage fees in the market. Customers can trade at a flat fee of Rs 20 per executed order in Equity, Currencies and F&O. The brokerage fee is irrespective of the volume of the trade.
5paisa customers can choose to trade in their desired securities using the trading platforms offered by the company. The platform is available on the web, mobile app, and as an installable desktop trading application.
Besides giving access to advanced trading tools and low brokerage fee, 5paisa also offers attractive leverage margin facility to its customers. The leverage facility allows 5paisa customers to trade in a large number of shares or contracts by paying only a fraction of the trade value. For intraday trading in stocks, you can get up to 12 times the available funds in your account. The leverage for delivery trades in stocks is up to 3.5 times. The margin facility helps you multiply your profits in a short term bullish trade.
The limit of exposure given by 5paisa for different segments and trade is-
Segment | Trading Margin |
---|---|
Equity Delivery | Upto 4x (Category E 4x, A 3.5x, B 3x, C 2x, D 1.5x) |
Equity Intraday | Up to 20x |
Equity Future | Intra-day: 3.5x | Carry forward: 1x (no margin) |
Equity Option | Intra-day: 1x | Carry forward: 1x |
Currency Future | Intra-day: 1 time | Carry forward: 1x |
Currency Option | Intra-day: 1x | Carry forward: 1x |
Commodity Future | |
Commodity Option |
Yes, 5paisa charges interest rates on the amount loaned to customers as margin funding. The 5paisa margin interest rate is 18% per annum calculated monthly.
5 paisa margin funding is a facility offered by the stock broker to its customers. A margin funding is a loan like a facility wherein a customer can trade in select stocks (approved by Exchanges and 5paisa) by paying a fraction of the total trade value. The rest of the amount is paid by the stock broker to the exchange.
The margin limits vary depending on the trade type and stocks category. For example, 5paisa margin for delivery limit is up to 4x. So, if a client has Rs 10,000 in his account then he can trade up to Rs 40,000. Similarly, 5paisa intraday margin in up to 20x. So, with Rs 10,000 in his account, an intraday trader can trade up to Rs 2 lakhs.
Trade Segments |
Margin Limits |
---|---|
Equity Delivery |
Up to 4x (Category E 4x, A 3.5x, B 3x, C 2x, D 1.5x) |
Equity Intraday |
Up to 20x |
Equity Future |
Intra-day: 3.5x | Carry forward: 1x (no margin) |
Equity Option |
Intra-day: 1x | Carry forward: 1x |
Currency Future |
Intra-day: 1 time | Carry forward: 1x |
Currency Option |
Intra-day: 1x | Carry forward: 1x |
Commodity Future |
NA |
Commodity Option |
NA |
There's no maximum time limit mentioned to resettle the 5paisa exposure amount in its terms and conditions. However, 5paisa charges interest rates on the margin amount loaned at 18% per annum calculated monthly. The interest will keep accruing until it is paid. So, the more you delay, the more interest you have to pay.
5paisa margin funding is a loan like a facility backed by collateral. The collateral, in this case, is the securities (stocks, derivatives etc.) brought in a margin funded trade. As per the 5 paisa margin trading facility terms and conditions-
Information on this page was last updated on Thursday, October 1, 2020
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