5Paisa Review, Brokerage Charges, Demat Account, Trading Platforms & Others

5Paisa is one of the well-known discount broker based out of Mumbai.  Lets have a detailed 5Paisa Review & get good understanding of 5Paisa Brokerage Charges, 5Paisa Demat Account, 5Paisa Trading Platforms & other important features.

5Paisa Customer Ratings & Review

5Paisa customer Review & Ratings

About 5Paisa

Company Type Public
Broker Type Discount Broker
Headquarters Mumbai
Founder Nirmal Jain & Rajamani Venkataraman
Established Year 2007

5paisa was launched in the year 2007 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 Rs.10
Equity Intraday Trading Rs.10
Commodity Options Trading NA
Equity Futures Trading Rs.10
Equity Options Trading Rs.10 per Lot
Currency Futures Trading Rs.10
Currency Options Trading Rs.10 per Lot
Minimum Brokerage Rs.10
Demat AMC Charges 400 per Annum
Trading AMC Charges Free
Margin Money Zero

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%.

5Paisa Charges

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

Depository Source CDSL
Account Opening Charges Rs.650
Demat AMC Charges Rs.400 per Annum
Trading AMC Charges Free
Margin Money Zero
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.

5Paisa Offers

Margin Money No
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
Holiday Offers No
Referral Offers 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

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 availibility
  • 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.10 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

5Paisa Products

Equity Trading Yes
Commodity Trading No
Currency Trading Yes
Options Yes
Futures Yes
Mutual Funds Yes
Forex No
Banking No
Insurance Yes

List of Products offered are

  • Equity
  • Derivatives
  • Mutual Funds
  • Insurance
  • SIP
  • Currency

5Paisa Services

Demat Services Yes
Trading Services Yes
3 in 1 Acount No
Intraday Services Yes
IPO Services Yes
Stock Recommendations no
Robo Advisory Yes
Trading Institution 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

Fundamental Reports No
Research Reports No
Company Reports No
Annual Reports No
Company Stock Review No
Free Stock Tips No
IPO Reports No
Top Picks Yes
Daily Market Review No
Monthly Reports No
Weekly Reports No
Offline Advisory No
Robo Advisory Yes
Relationship Manager 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 this 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
Commodities Upto 10x

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
Portfolio Details Yes
Online MF Buy Yes
News Flash Yes
Research Reports Yes
Easy Installation Yes
Global Indices Yes
Stock Tips Yes
Personalized Advisory Yes
Interactive Charts Yes
Live Markets Yes
SMS Alerts Yes
Email Alerts 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

Dedicated Dealer No
Offline Trading No
Online Trading Yes
24*7 Support Yes
Support Number 89766 89766
Email Support Yes
Chat Support No
Toll Free Number 89766 89766
Branches Zero

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

5Paisa Disadvantages

  • 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.

5Paisa Conclusion

Among the Discount Broking house, 5paisa is growing at a very fast rate. Their client rating is also decent at 6.2 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.

Definitely open demat account with 5paisa, if you are a trader.

Check detailed review of similar discount brokers:

Samco SAS Online Wisdom Capital Trade Smart Online Tradejini

Comparison of 5Paisa with similar Brokers:

5Paisa vs Upstox Zerodha vs 5Paisa 5Paisa vs Samco
5Paisa vs Sharekhan 5Paisa vs Angel Broking 5Paisa vs Edelweiss

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