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
| 5Paisa Ratings | |
| 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 |
| Star Rating | ★★★★☆ |
| Custumer Reviews | 2648 |
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%.
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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 |
| SIP | Yes |
| 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 |
| PMS | No |
| 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 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 |
| 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 | Angel Broking vs 5Paisa | 5Paisa vs Edelweiss |
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