5Paisa Review, Brokerage Charges, Demat Account, Trading Platforms & more
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 stands tall till date, as the leading discount broker; the first of fintech public companies entrant into BSE and NSE. This stock broker earned the benchmark of 1 million clients in the shortest time span, of only 4.5 years.
5Paisa has presently earned the stature of 6th largest stock broker across the nation. The company went live and open for operations from the year 2016, precisely in march.
Present client base of the company is a whooping number of 1.2 million, and the daily turnover of Rs 50,000 crore.
Other statistics which speak of the company in a positive note are 6.5 million app downloads Assets Under Management worth 3000Cr+, 170% year-on-year growth in last financial year (FY 2019-20), and has multiple prestigious awards under its hood.
Its multi-product app is a charm and the company renders exhaustive research and advisory on more than 4,000 companies, a one of a kind offering.
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5Paisa Brokerage Charges
|Add on pack||Basic Pack||Power Investor Pack (Rs.499/month)||Ultra Trader Pack (Rs.999/month)|
|Monthly Brokerage Cashback||0||0||up to Rs.1000|
|Equity Delivery Brokerages||Rs 20/order||Rs 10/order||Rs 10/order|
|Equity intraday Brokerages||Rs 20/order||Rs 10/order||Rs 10/order|
|Equity Future Brokerages||Rs 20/order||Rs 10/order||Rs 10/order|
|Equity Options Brokerages||Rs 20/order||Rs 2/order||Rs 10/order|
|Currency Future Trading Brokerages||Rs 20/order||Rs 10/order||Rs 10/order|
|Currency Options Trading Brokerages||Rs 20/order||Rs 10/order||Rs 10/order|
|Commodity Future Trading Brokerages||Rs 20/order||Rs 10/order||Rs 10/order|
|Commodity Options Trading Brokerages||Rs 20/order||Rs 10/order||Rs 10/order|
|Call & Trade Charges||Rs.100 | per call||Rs.100 | per call||Free|
|Fund Transfer Charges||Net Banking – Rs. 10||Net Banking – Rs. 10||Net Banking – Free|
|UPI – Free||UPI – Free||UPI – Free|
|IMPS – Free||IMPS – Free||IMPS – Free|
|Brokerage Calculator||5Paisa Brokerage Calculator|
Three different subscription packs are offered by 5Paisa, i.e. the basic pack, Power Investor Pack and UltraTrader Pack. Charges vary as per the plan you choose, based on which you can choose a compatible plan and get started. All the same are provided to you in the table above.
5Paisa Basic Brokerage Plans
Roughly, flat fee of INR 20 per order for any kind of transaction across all asset segments is levied. 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 Power Investor Pack
This is one of the two subscriptions packs provided by 5Paisa. There are a lot of perks associated with this pack, which investors can enjoy only with a payment of Rs.499 per month. Here is a sneak peek into the perks –
- Discount on Brokerage – 50% discount is provided to users on Brokerage, which cuts the charge to Rs.10 per executed order.
- Smart Investor – This product offered to the investors comes along with long term advisory recommendation, model portfolio for new customers, 4000 stocks extensive research, and timely buy and sell communication.
- Model Portfolio Analyser – Herein, you can view the list of hot stocks which must be on check from time to time. You can track your portfolio, create benchmark, check you executed orders.
- Swing Trading – Swing Trader tool is provided for the likely investors in context with the Swing trading style. herein, the perks are of 2-14 days of short term and daily recommendations, which being able to attain a success rate of up to 60% to 65%.
- Research – Herein, you can check the daily market outlook before placing any order requests and also get market evaluation.
5Paisa Ultra Trader Pack
This subscription plan is basically for heavy traders, who are in need of the best of everything. The cost of this plan is only Rs.999/ month, and the perks are unlimited.
Products – smart investor, swing trader, research and portfolio analysis are included in this pack, just like the Power Investor pack. The add ons for this pack are –
- Up to 100 free trades are provided to the traders every month.
- From 101th trader order, the brokerage charge shall be Rs.10 per executed order across all segments.
- Exposure of 4x is provided for intraday options trades, also the cash segment exposure is high too.
- Call and trade charges, funds transfer charges, net banking pay-in charges and DP Txn charges are all waived off.
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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.
|SEBI Turnover Charges||0.00005% (Rs. 5/Crore)|
|STT||Equity Delivery: 0.1% on both Buy and Sell|
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
|Stamp Duty||(On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.|
Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)
|GST||18% on (Brokerage + Transaction Charge + SEBI Fee)|
|Margin Funding Charges||18% + GST|
|Reactivation Charges||Rs 20 per instruction|
|Account Closure Charges||Rs 25 per instruction|
|Dematerialisation Charges||Rs 30 per instruction|
|Transfer of shares from your demat a/c or Unpaid Securities a/c or Margin a/c or Margin Funding a/c upon selling of shares||Flat Rs 12.5/- DP Charges|
|Transfer of shares from your demat a/c to any other demat a/c as requested by you,||Flat Rs 12.5/- DP Charges|
These charges are very minimal & they don’t affect the overall ROI of the Investment.
Furthermore, the charges in respect with DP are furthermore ascertained for two kind of transactions. A Flat charge of Rs 12.5 is levied on both the nature of transactions. DP charges are excluded for the premium customers.
The first specified nature is Transfer of shares from your demat a/c or Unpaid Securities a/c or Margin a/c or Margin Funding a/c upon selling of shares. Second nature of transaction is Transfer of shares from your demat a/c to any other demat a/c as requested by you.
Here are other changes you must know about –
- Call and trade Charges – Rs.100 per call and trade charge is taken from regular customers.
- Fund Transfer – UPI, IMPS and credit card related fund transfers are free of charge, but Net banking transfer would cost Rs.10 per transaction.
- Dematerialization – Herein, the charges are Rs.15 per certificate along with Rs.40 postal charges.
5Paisa Pledge and Unpledge charges
|Nature of transaction||Applicable charges|
|Pledge Creation||Rs. 25 per scrip|
|Pledge Invocation||Rs. 12.5 per scrip|
|Margin Pledge/Unpledge/ Pledge closure||Rs. 12.5 per scrip|
|Margin Repledge||Rs. 12.5 + Rs. 12.5 (Rs. 25 per scrip)|
Speaking in the context of the pledge and unpledge charges, Rs.12.5 per scrip is levied on Pledge for Margin and Unpledge. Rs.25 per scrip is the applicable charge for Pledge for Funding, whereas it is Rs.12.5 + Rs.12.5 (Rs.25 per scrip) for Unpledge and Sell. Also, these charges are exclusive of GST.
5paise Demat Account Opening Fees
|Holding value of Security as on Last Day of the Month||Basic Pack No. Of Accounts l Charge||Power Investor Pack||UltraTrader Pack|
|Up to Rs. 50,000||Rs 0||Rs 0||Rs 0|
|Rs. 50,000 to Rs. 2,00,000||Rs 8||Rs 8||Rs 8|
|Above Rs. 2,00,000||Rs 25||Rs 25||Rs 25|
|Account Opening Charges||NIL|
|Offline to Online||No|
It charges NIL for opening a trading account and the AMC is as per three levels of Holding value of Security as on Last Day of the Month. For DEMAT account, there are no account opening charges but an AMC, you can find it in the table provided above.
It is interesting that in case an investor has an old DEMAT account, he/she can continue with that by linking the same with a trading account and need not open a fresh trading account.
|Free Demat Account||Yes|
|Free Trading Account||Yes|
|Discount on Brokerage||Yes|
|Trading Happy Hours||No|
|Flexible Brokerage Plans||Yes|
|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 required for trading
- Flat brokerage Charges of Rs.20 for basic plan, and Rs.10 for value added plans
- Free Trading Account
5Paisa offers the coolest deals for its customers or clients. The brokerage company has a flat rate of Rs 10 per order brokerage through value Ad Packs. Also, the DP AMC charges start from Rs 0-24 which depends upon the holding value of the trader.
5Paisa also offers the lowest DP transaction charges, Pledge of Margin and Unpledged charges at a flat rate of Rs 12.5 per order. The brokerage company also comes with NSE, BSE, MCX and NCDEX as Supported Exchanges. Further, the company also offers Portfolio Analyser, Smallcase and Sensibull option trading. Last but not the least, 5Paisa also offers the facility of All in 1 Account for its customers.
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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
- 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
5Paisa Other Products & Softwares
- Portfolio Analyser – An advanced tool which lets users track and analyse their portfolio performance and weigh in their decisions.
- Swing Trader – Swing traders can opt to avail for the short terms investment ideas provided by 5Paisa. The broker leverages all kind of swing trading strategies.
- Smart Investor – The expert terms handpick stocks for the customers and present it via the smart investor tool, for exceeding returns.
- Smallcase – It can be denoted as a Modern investment product for the first time investors. It features diversified, low-cost and long-term portfolio, i.e. it helps you invest in multiple stocks and also keep the risk minimized.
- Sensibull – The focus of this tool is for options trading. It possesses features such as track your positions, do a scenario analysis of your trades using graphs.
|All in 1 Acount||Yes|
|Trading Exposure||Upto 5x|
Various Services offered:
- Demat Account
- Trading Account
- Intraday Services
- Robo Advisory
- IPO Services
- Exposure upto 5x
5Paisa Research, Advisory & Stock Tips
Look at this table for all information about their research & recommendations
|Company Stock Review||Yes|
|Free Stock Tips||Yes|
|Daily Market Review||Yes|
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. Also, the brokerage company has a lot to offer to its clients, apart from the Robo Advisory, the firm also provides Offline Advisory services to its customers along with IPO reports, Company reports, Fundamental reports and many others as mentioned in the table above. Apart from this, the best thing is, 5Paisa also provides timely stock tips which is zero of cost i.e., free.
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 5x 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)
|Add on pack||Basic Pack||Power Investor Pack||UltraTrader Pack|
|Equity Delivery Margin||1x | As per exchange||1x | As per exchange||1x | As per exchange|
|Equity Intraday Margin||5x||5x||5x|
|Equity Future Margin||1x||1x||1x|
|Equity Options writting Margin – sell||1x||1x||1x|
|Currency Future Margin||1x | both||1x | both||1x | both|
|Currency Options Margin writting sell||1x | sell only||1x | sell only||1x | sell only|
|Commodity Futures Margin current and near month||NIL||NIL||NIL|
|Commodity Options Margin||NIL||NIL||NIL|
|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||Click Here|
|Toll Free Number||Yes|
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
- Flat 20 Rs/order is constant irrespective of size of trade, segment or exchange
- Opening opening time limit is 5 minutes and it is FREE and paperless
- DP Charges are lowest in industry
- Chatbot for swift and automated customer support even during the market hours
- Free Mutual Fund A/c
- Multilingual app for convenient
- Financial Products like Insurance , Gold , Loan in provided under one hood, i.e. one APP
- All in one A/C to invest in stocks, mutual funds, commodity, currency, research and advisory
- Best Trading Platform in facilitation with cutting edge technology
- Value ad Packs provide Lowest brokerage, DP charges & 0 AMC
- Stock Investment Ideas, Research tools and advisory are facilitated
- Algo trading and Robo Advisory services
- Mobile Application provided is Lightning Fast and Advanced
- Technical calls on both Email and Mobile
- 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 5x, which is provided for the intraday segment. Next highest exposure is for options, i.e. 1x exposure. 1x exposure is provided for Currency Options and commodities. Lastly, it is 1x for Futures, 1x for Currency Futures, and 1x 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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