5Paisa is one of the well-known discount broker based out of Mumbai. The broking house is known to be one of the fastest growing & provides one of the lowest brokerage in the industry.
Lets have a detailed 5Paisa Review & get good understanding of 5Paisa Brokerage Charges, its Demat Account, Trading Platforms & other important features.
5Paisa Customer Ratings & Review
|Experience||7.8 / 10|
|Trading Platform||8.4 / 10|
|Product & Services||8.2 / 10|
|Brokerage Charges||9.5 / 10|
|Research||8.0 / 10|
|Overall Rating||8.38 / 10|
|Broker Type||Discount Broker|
5paisa was launched in the year 2016 and as on date serves more than 7,500 retail customers. It has targeted to acquire around 50,000+ customers in current fiscal period.
The customer base is entirely new and is not acquired from IIFL. The broking house is in the process of demerging from IIFL and is also in the process of getting listed on the stock exchanges.
5paisa has planned to commence trading in commodities and to offer personal loans in near future. It also intends to include funding products like IPO, NCDs etc.
As a part of its product profile – this is planned to be routed through a NBFC of IIFL Group. They does not have any major investment infrastructure.
They only has a set up office in Mumbai, apart from this, it does not have physical presence in any other part of India or world. For assisting the customers, it has set up a call center format.
The Discount broker has been recording a daily turnover of INR 1,200 crore which is mainly from equity trading and a miniscule portion, say around a percent is towards currency.
It has also been found mentioning that the growth in number of customer is cent percent when compared quarter over quarter. Around 60% of the client base is based out of tier III and tier IV cities.
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5Paisa Brokerage Charges
|Equity Delivery Trading||Free|
|Equity Intraday Trading||Rs.20 Per Order|
|Commodity Options Trading||Rs.20 Per Order|
|Equity Futures Trading||Rs.20 Per Order|
|Equity Options Trading||Rs.20 Per Order|
|Currency Futures Trading||Rs.20 Per Order|
|Currency Options Trading||Rs.20 Per Order|
|Demat AMC Charges||400 per Annum|
|Trading AMC Charges||Free|
|Brokerage Calculator||5Paisa Brokerage Calculator|
5Paisa Brokerage Plans
A flat fee of INR 10 per order for any kind of transaction across all asset segments. As per the personnel of 5paisa, the brokerage charged by them is almost 45-50% lower vis-à-vis that charged by other discount brokers.
Further, in comparison to full service brokers, the rates are as low as 98%.
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Other than brokerage charges various other charges are levied to the client but these charges are very small in number & percentage.
|Transaction Charges||0.00325% of Total Turnover|
|STT||0.0126% of Total Turnover|
|SEBI Turnover Charges||0.0002% of Total Turnover|
|Stamp Duty||Depends on State (very minimal)|
|GST||18% of (Brokerage + Transaction Charges)|
These charges are very minimal & they don’t affect the overall ROI of the Investment.
5paise Demat Account Opening Fees
|Account Opening Charges||Rs.650|
|Demat AMC Charges||Rs.400 per Annum|
|Trading AMC Charges||Free|
|Offline to Online||No|
It charges INR 650 for opening a trading account and the AMC is Nil. For DEMAT account, there are no account opening charges but an AMC of INR 400 per annum.
It is interesting that in case an investor has an old DEMAT account, he/she can continue with that by linking the same with trading account and need not open a fresh trading account.
|Free Demat Account||No|
|Free Trading Account||Yes|
|Discount on Brokerage||Yes|
|Trading Happy Hours||No|
|Flexible Brokerage Plans||No|
|1 Month Brokerage Free||No|
|Zero Brokerage for Loss Making Trades||No|
Here are the list of offers rolled out by 5paisa
- No Margin Money Account
- Flat brokerage Charges of Rs.10
- Free Trading Account
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How to open Demat account with 5Paisa?
- Fill up the Lead Form – Click Here
- Prospect will receive a call from sales team
- Appointment will be set-up as per prospects availability
- Sales person will visit the prospect
- Prospect will have to provide few information & documents like Aadhaar Details, PAN Details, Account Opening Fees & POA
- Account will be activated within 1 working day
This Entire process takes 1 or 2 days to complete.
Why Open 5Paisa Trading account?
- Brokerage Charges is very low – Rs.20 per transaction
- Backed by a heavyweight Brand IIFL
- Account Opening process is very smooth
- Very smooth working Trading Platforms
- Allows investment in other asset classes like Mutual Funds, Insurance
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5paisa Products & Services
Here are the list of Products & Services provided by the broking house
List of Products offered are
- Mutual Funds
|3 in 1 Acount||No|
|Trading Exposure||Upto 35x|
Various Services offered:
- Demat Account
- Trading Account
- Intraday Services
- Robo Advisory
- IPO Services
- Exposure upto 35x
5Paisa Research, Advisory & Stock Tips
Look at this table for all information about their research & recommendations
|Company Stock Review||No|
|Free Stock Tips||No|
|Daily Market Review||No|
5paisa’s research & tips services is entirely dependent on their robo advisory platform. This robo advisory platform provides daily stock tips, weekly stock performance & other recommendations. But they lack actual technical research from top research analyst.
IPO investment with 5Paisa
- Open an Account with 5Paisa – Fill up the form
- After Account Opening – Fill the Physical Company IPO form or you can fill the form online
- Client can apply upto Rs.15,000 worth IPO
- After Form Submission, Company raising IPO will roll out the shares in the market
- If the IPO is over subscribed, Lottery will be done for Share Offering
- IF the IPO is not fully subscribed, Everyone who has applied gets the IPO
5Paisa Exposure or Leverage
The broking company provides upto 35x exposure to their clients. Exposure varies on various parameters
- Clients Holdings (Trader client or high value client gets high exposure)
- Clients History (old client gets high leverage)
- Type of investment (Equity, Derivatives, Currency, Commodity)
- Company Scrip (High networth company has high exposure scrip)
|Equity Delivery||Upto 5x|
|Equity Intraday||Upto 35x|
|Equity Futures||Upto 8x|
|Equity Options||Upto 12x|
|Currency Futures||Upto 6x|
|Currency Options||Upto 10x|
|Margin Calculator||5Paisa Margin Calculator|
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5Paisa Trading Platforms
The Discount broker provides trading platform for all types of devices & browsers, Lets have a detailed review of the same
Features of 5Paisa Trading Platforms:
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||Yes|
|Android App Platform||Yes|
|iOS App Platform||Yes|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Real time Updates||Yes|
|Online MF Buy||Yes|
|Multi Account Management||Yes|
5Paisa App Review: Mobile Trading Platforms
It offers a mobile app based trading platform i.e. 5Paisa app. This is an on the go kind of trading platform. It allows execution of trade orders, lets one track the current movement of his/her stock, one can look into the net position, order book, trade book and margins.
It also allows an investor to create his/her own watchlist i.e. customized watchlist. Apart from trading, one can also access mutual funds investment so that the investor can look for available funds, track the position of ones owned fund and trade in funds. Thus, this app takes care of account opening, trading, back-office processes and query resolution.
5Paisa Trading Now Review: Browser Trading Platforms
“Trade Station”, a browser based trading platform which works on google chrome, firefox and internet explorer. It is a fast speed trading platform and allows one to trade in equity, derivatives and mutual funds. Most importantly, it allows transfer of funds from and to one’s bank account.
5Paisa Trade Station Review: Desktop based Trading Terminal
“5paise Trade Station” is a desktop based trading platform. It offers all the advanced analytical tools and charts. Based on the current portfolio, the system flashes suggested scrips, trading ideas to the investor. Mutual funds can also be accessed from this platform.
5Paisa Customer Support
Here are the list of Support they provide to their client
|Support Number||89766 89766|
|Toll Free Number||89766 89766|
5Paisa Complaints & Feedback
Here are the total number of complaints lodged & resolution status of 5Paisa for the current year.
|Lodged in BSE||98|
|Resolved in BSE||86|
|Lodged in NSE||236|
|Resolved in NSE||230|
The broking house do get sizable volume of complaints but they resolve them at a very high speed.
NOTE* – Their TAT for resolving any kind of complaints are 7 days. This is extremely good.
5Paisa Benefits or Advantages
- Offers mutual funds and insurance
- Has an advisory system for guiding investor on what MF to opt for and what amount to be insured etc.
- User friendly trading platforms
- Has a very competitive brokerage rate
- Does not offer commodity trading
- Advisory is mainly from robotic tools and hence is very algorithmic
5Paisa Branch Set-up
The broking house doesn’t support any kind of offline activity, hence, they don’t have any branch available across India. They are end to end Online Set-up.
Among the Discount Broking house, 5paisa is growing at a very fast rate. Their client rating is also decent at 8.38 of 10. Our critical experience into stock broking suggests that go with 5paisa if you have a good trading knowledge.
Since, they don’t have offline presence & their own advisory service, they are not good for Investors. Their advisory is entirely dependent on machine learning, so there is a big chance of goof-up for new investors.
5Paisa Review FAQs
Ques – Is 5Paisa safe for trading?
Answer – Yes, this stock broker is one of the prominent names in the stock broking arena, from the discount brokers group. They already have a vast trusted client base, and they recorded guaranteed satisfaction. The cheap plans they provide, go along with the quality services provision.
Ques – What is the brokerage of 5Paisa?
Answer – Discount brokers charge a flat rate for all the segments, and this is the reason which they are considered cheap. Invest in Intraday, Futures, currency Futures, Equity Options or Currency Options and the company will take Rs.20 per order. Delivery trading is however free from brokerage.
Ques – How to open 5Paisa demat online?
Answer – The process is seamless and can be done entirely online. You need to firstly click on the “Open Demat Account” button in this page. It will redirect you to a pop up form, fill it up and click on submit. A company representative will then contact you and guide you through the remaining process.
Ques – Can I invest in IPO via 5Paisa?
Answer – Yes, 5Paisa lets you invest in IPOs alongside many other asset classes. They have a well devised structure of applying for IPO via form fill up. You can refer to their website and choose to invest in IPO accordingly, but read the terms and conditions for the first thing.
Ques – What Leverage does 5Paisa provide?
Answer – Leverage facility extended by this stock broker is as much as 35x, which is provided for the intraday segment. Next highest exposure is for options, i.e. 12x exposure. 10x exposure is provided for Currency Options and commodities. Lastly, it is 8x for Futures, 6x for Currency Futures, and 5x for delivery.
Ques – Does 5Paisa have trading App?
Answer – Yes, this stock broker provides the feasibility of trading via a mobile application. 5Paisa provides a powerful app for both the iOS as well as android users. They have embedded a lot of features into the app, which makes trading easy for all the clients.
Ques – How to contact 5Paisa customer care?
Answer – The stock broker is always in line to assist its customers every time they are in need of help and hence, they keep their channels of communication always open. They provide email support, and also a toll free number, and clients can choose either of the two options.
Ques – Does 5Paisa provide Research?
Answer – No, this stock broker belongs to the house of discount brokers and they do not indulge in such services. However, you can rely on 5Paisa in terms of information regarding the top picks, whereas robo advisory guides you through a lot of aspects.
Ques – Is 5Paisa good for Beginners?
Answer – Yes, this stock broker will result as a great choice for the newbie clients as they are pretty cheap. They charge a flat rate brokerage for all the segments and let you invest with the assistance of only a small chunk of money, without the needs to deploy massive funds into the demat account.
Ques – Who Founded 5Paisa?
Answer – Parkarsh Gagdani is the founder and CEO of 5Paisa which began its operations from the year 2016. The company has achieved a lot of milestones since then and one of them is the award for best digital startup of the year.
Open Demat Account with 5Paisa – Fill up the Form Now!
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