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82.82% 793,518 Clients
5paisa is a leading stockbroker in India. 5paisa Capital Ltd is a publicly-traded and professionally managed company promoted by IIFL founders. 5paisa.com started operations in March 2016 and became 2nd largest discount stock broker in India by Dec 2018. It is listed on BSE and NSE.
5paisa online trading is available in equity, commodity, and currency at BSE, NSE, and MCX. It is a flat rate discount stockbroker. It charges flat 20 Rs brokerage irrespective of the size of the trade, segment or exchange. It also offers 5paisa prepaid plans i.e. Optimum Plan, Platinum Plan and Titanium Plan. Customer pays further lower brokerage in platinum and titanium plans for an additional fixed monthly fee.
5paisa Mutual Funds offering include both Regular as well as direct mutual funds. 5paisa change flat Rs 10 per executed order for online mutual funds investment. An investor can invest in lump sum or through SIP.
5paisa demat account is offered through its depository participant membership with CDSL. It is awarded as Premier Depository Participant by CDSL in March 2019.
5paisa trading platform includes Mobile Trading App, Trading Website and Installable Trading Terminal. These platforms are built on the latest technology and recognized for 'Best use of Mobile Technology in Financial Services' in Feb 2019.
5paisa Trading Account
5paisa is India's fast growing discount broker offering investing and trading services in segments including stocks, derivatives (F&O) and currency. 5paisa is member of BSE and NSE. 5paisa trading account is backed by the experience and technology developed by its parent company IIFL for over 20 years in retail broking industry.
5paisa.com offer trading services under a simple brokerage plan. Customers can trade across the segments for a flat rate of Rs 20/order in Optimum Plan and Rs 10/order in Platinum Plan and Free Equity Delivery in Titanium Plan. This brings saving up to 90% in comparison to traditional brokers who charge brokerage fee in % of the total turnover.
5paisa trading account is well integrated with other products they offer including mutual funds, etf, bonds and insurance.
Mutual Fund Account
Online Mutual Funds Investment Account is a key offering from 5paisa. You can open just a Mutual Funds Investment Account with 5paisa for free of charges.
5paisa also offers Systematic Investment Plans (SIP), an automatic periodic investment option in stock market though mutual funds.
The 'Auto Investor' tool is available free of charge to its customer which helps with online MF advisory. This tool help in choosing the right funds based on their risk profile and return expectations.
5Paisa has recently introduced three subscription plans- Optimum, Platinum and Titanium Plan. New customers can subscribe to the plans while opening the account by paying a fee of 1 Rupee. Existing customers can subscribe to the plans using 5Paisa website or mobile application. While subscribing to the plans, they have to pay the charges as mentioned in the below table through Credit Card or UPI. Customers can either pay subscription charges Monthly or Annually.
Note- All the plans activated before 31st December 2019 will offer the pre-existing benefits.
|
|
Optimum Plan |
Platinum Plan |
Titanium Plan |
|---|---|---|---|
|
Fee |
Free |
Rs 499/ month; Rs 4,444/ year |
Rs 999/ month; Rs 8,888/ year |
|
Brokerage |
Rs 20/order |
All segments-Rs 10/order, Equity Options- Rs 2/lot |
Equity Delivery-Free, Equity Options- Rs 2/lot, Other segments- flat Rs 10/order |
|
Maintenance Charge |
Rs 45/ Traded Month |
Free |
Free |
|
DP Transaction Charges |
Rs 25 or 0.025% |
Free |
Free |
|
Pay In charges |
Rs 10 |
Free |
Free |
|
Call-N-Trade |
Rs 100/ call |
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 |
| Service | Charges |
|---|---|
| Trading Account Opening Charges (One Time) | Rs 300 |
| Trading Annual maintenance charges (AMC) | Rs 0 |
| Demat Account Opening Charges (One Time) | Rs 0 |
| Demat Account Maintenance Charges (AMC) | Rs 540 yearly (charged as Rs 45 per traded month) |
| 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 |
Visit 5paisa Brokerage Charges Review for more detail.
5paisa's 2-in-1 account (demat + trading account) gives its customer 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 Aadhaar number and your Aadhaar number is mapped to correct mobile number, the account opening process is really fast. After completing the online application, the online trading accounts get activated in 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.
The 5paisa Trading Platform is built on IIFL's trading platform which is being used by many customers over last 2 decades. The trading platform of 5paisa is available on mobile app, browser (web) and install-able desktop trading application (Exe).
5paisa Trading Software
The 5paisa mobile trading app offers trading at BSE/NSE and Robo Advisory on the go. Customer can download this free app from Google App Store or Apple App Store. The simple intuitive app can be used to buy stocks, trade in stock and currency futures & options, invest in mutual funds, etf's and bonds ect.
5paisa has a powerful trading website (www.5paisa.com) which can be accessed from any available web browser on computer, laptop, mobile devices or tablets. The website (also called 5paisa Trader Station) offers all trading and investment options under one domain.
The web based trading platform is well integrated with payment gateway and banks for instant fund transfers.
5paisa installable trading terminal is designed for frequent traders who need advance trading tools. The desktop application offers real time data, advance charts for intraday and historic stock prices.
Variety of keyboard shortcuts are available to monitor the market on real-time basis and place orders faster.
Visit 5paisa Trading Software Review for more detail.
The following are the advantages of 5paisa. You must read 5paisa advantages and disadvantages before opening an account with 5paisa. 5paisa pros and cons help you find if it suits your investment needs.
The following are the cons of 5paisa. Check the list of 5paisa drawbacks.
5paisa leverage for intraday, delivery, options, currency and commodities.
| Segment | 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 Options | Intra-day: 1x | Carry forward: 1x |
| Currency Future | Intra-day: 1 time | Carry forward: 1x |
| Currency Options | Intra-day: 1x | Carry forward: 1x |
| Commodity Future | |
| Commodity Options |
Visit 5paisa Margin Review for more detail.
| Overall Rating |  2.6/5 |
| Fees |  3.0/5 |
| Brokerage |  3.7/5 |
| Usability |  2.7/5 |
| Customer Service |  2.1/5 |
| Research Capabilities |  1.8/5 |
Based on 74 Votes by 5paisa Customers
Do you trade with 5paisa? Rate 5paisa
The number of 5paisa customer complaint received by the exchanges. The 5paisa consumer complaint report helps understanding the 5paisa Capital Ltd quality and relibility of service.
| Exchange | Financial Year | Number of Clients* | Complaints** |
|---|---|---|---|
| NSE | 2020-21 | 793,518 | 465 |
| BSE | 2020-21 | 70,969 | 7 |
| NSE | 2019-20 | 434,036 | 199 |
| BSE | 2019-20 | 70,767 | 18 |
| NSE | 2018-19 | 101,043 | 96 |
| BSE | 2018-19 | 24,382 | 14 |
| NSE | 2017-18 | 36,034 | 41 |
| BSE | 2017-18 | 19,545 | 28 |
| NSE | 2016-17 | 3,652 | 2 |
| BSE | 2016-17 | 432 | 1 |
* The number of active customers reported by the broker.
** The total number of complaints received against the broker at the given exchange.
Visit 5paisa Complaints at BSE, NSE and MCX for detail report.
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5paisa is one of the leading online discount brokerage firms in India. The company is known for its low brokerage trading services. Apart from trading, 5paisa also offers online mutual funds, IPO applications, personal loans and insurance.
5paisa Capital Ltd started its operations in March 2016. The company got listed on stock exchanges in Nov 2017. IIFL founder Mr. Nirmal Jain and Mr. Prem Watsa (founder, chairman, and chief executive of Fairfax Financial Holdings) are among the major stockholder in the professionally-managed publicly-traded company.
5paisa Capital Ltd is a publicly-traded company which is managed professionally. The company got listed on BSE and NSE stock exchanges in Nov 2017. As of Jan 2020, two promoters of the company (Mr. Prem Watsa (founder, chairman, and chief executive of Fairfax India Holdings) and Mr. Nirmal Jain.) are the major stack holders.
A professionally managed company is run by the professionals who are also an employee of the company (not the owner). These professionals may or may not have any significant stake in the company.
5paisa is one of the leading names in the discount broking industry. The company is known for its low brokerage plans, good online trading software, research and advisory services. It has over 1.5 lakh retail customers and is registered with SEBI, CDSL, BSE, NSE, MCX and NCDEX.
5paisa is among fastest growing stock brokers in India. Their no-frill stock and commodity trading services are simple, fast and low-cost. 5paisa mobile trading app is their most popular trading tool. They also offer direct mutual funds which gives an additional of 1 to 1.5% yearly earning.
5paisa is among the top discount broker in India. The company offers online stock broking services to its customers. Key features of 5paisa services include:
5paisa offers 3 brokerage plans to its customers - Optimum, Platinum and Titanium. The brokerage fee varies as per the chosen brokerage plan.
5paisa Brokerage Scheme
|
Brokerage Plan |
Monthly Charge |
Brokerage Charge |
|---|---|---|
|
Optimum |
None |
Rs 20 per order for all Segments |
|
Platinum |
Rs 499 per Month |
Equity Options Rs 2 per lot, Others Flat Rs 10 per order |
|
Titanium |
Rs 999 per Month |
Equity Delivery: Free Equity Options: Rs 2 per lot Others: Rs 10 per order |
5paisa offers a 2-in-1 account including a trading and a demat account. Both trading and demat accounts are required. The account can be opened instantly if you have an Aadhar card linked to your phone number. To open a 5paisa account online, you need a PAN card, Aadhar Card, Photo and a Cancelled Cheque. Here are steps to open 5paisa account:
If all the submitted documents are in the correct order, your account is activated in 2 days. A welcome email is sent to the customer with login credentials.
To invest and trade with 5paisa.com, you need to open a 2-in-1 (trading & demat) account and link it with your savings bank account. 5paisa offers a paperless online account opening.
Once the account is opened, you can invest or trade in Stocks, Futures & Options, Commodities and Currencies across exchanges. 5paisa customers can trade at any time using a mobile trading app or its website 5paisa.com.
Yes, 5paisa is a legit stock brokerage company formed under the Company Act and registered with SEBI, CDSL, BSE, NSE, and MCX. 5paisa Capital Ltd is regularly audited by regulatory bodies and exchanges. Below are 5paisa membership ids:
The 5paisa mobile app can be downloaded from app stores of your Android or iPhone. Visit the app store and search for '5paisa' and download the app with the name "5paisa: Stocks, Share Market Trading App, NSE, and BSE". Login using your 5paisa account ID and password. You could add stocks of your interest in the watchlist and place buy/sell orders.
If you are not using your 5paisa trading and demat account, it is suggested to close it to avoid AMC changes and misuse of the account. Note that the account closure process is not online. You have to download a paper form, print it, fill it, sign it and send it to 5paisa.
Steps to close 5paisa account
Note:
5paisa and IIFL Securities are two different stock brokers though they are promoted by the same person Mr. Nirmal Jain. Both 5paisa Capital Ltd and IIFL Holdings Ltd (formerly India Infoline Ltd) are publicly traded companies listed at BSE and NSE.
IIFL Holdings Ltd was incorporated in 1996 as India Infoline. It started as a stockbroker and soon become a diversified financial service provider. IIFL Securities is a subsidiary of IIFL holdings. IIFL Securities is a full-service stockbroker offering a wide range of financial services including trading and investment in equity and commodity.
5paisa Capital Ltd was incorporated in 2016 as a discount brokerage arm of IIFL Holdings. In 2019, the company was demerged and got listed at the stock exchanges. It is now an independent entity that has very little to do with IIFL.
|
IIFL Securities |
5paisa Capital |
|---|---|
|
Full-service broker |
Discount stock broker |
|
Offer a wide range of product and services |
Mainly a stock broker. |
|
Charge a very high brokerage for its services. |
Charge ultra-low brokerage rate of Rs 20 per trade and brokerage free equity delivery. |
|
In-house research team offering tips and recommendations |
No in-house research capabilities. It uses IIFL services in this area for an additional fee. |
|
Offer NRI Trading account |
Doesn't offer NRI Trading account |
|
Inhouse team to build and maintain trading platforms. |
It uses the IIFL IT infrastructure. |
|
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For call to customer queries they will charge 100 rupees by trading department.
My suggestion avoid 5paisa.
Ratings:
Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Worst
Research Capabilities - Very Poor
Customer Service - Worst
Overall Experience - Worst