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The best discount brocker. I have another Demat account at Axis Securities. But since I opened my account at 5 paisa I started trading here and like to close my account at Axis direct shortly. 5 paisa charging only 10 rs flat brockerage. The advantage of flat brokerage is that as many as quantity purchased, the real costing value of a stock become cheaper even adding all the other applicable taxes like STT, GST, transanction charges, stamp duty etc. Where as Axis direct charging 0.5% for delivery and 0.05% for intraday trading. In a same trading I can get much more profit in 5paisa than Axis direct. Another point is that Axis direct is charging 0.06% not less than 50 rs for stock sell out from demat. Where 5paisa charge only 25 rs flat.
I was novis and fall in trap by the agent that I have opened account in Axis direct. Later I have searched in the net and found this Chittorgarh.com and got lot of knowledge about brockerage houses and their charges, facilities. Thanks to Chittorgarh.com for showing me path and helped me to choose the right brockerage house.
I wish and hope that every new invester before opening a Demat account, go through Chittorgarh.com and find a brockerage house of there choice. But I would suggest everyone of my near and dear to go with 5paisa.
Pros about 5paisa
1. Discount brokerage. Only 10 rs flat for all segment.
2. Mobile app is good and user friendly. I like the Mobile app. Much better than Axis direct.
3. Contact note is pitty clear about charges and taxes deducted. No hidden charges.
4. Pay out is also hazard free. Just go to payout option and claim your payout. The money will be cradited in the linked bank account within 2 working days.
What more we want?
I pray for every new comer not to fall in trap by the agents and get some knowledge before opening an account and investing in stock market. Good save them.