5Paisa Review: Premium Discount Broker in India [2019]

Share on whatsapp
WhatsApp
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
5paisa Review

5paisa was launched in the year 2007 as a discount broking subsidiary of India Infoline, India’s leading financial service provider. Based in Mumbai and as on date serves more than 7,500 retail customers. It is the second-largest discount broker of India with headquarters in Mumbai and 1000 branches, spread across the country to its more than 8000 customers who are mainly based out of tier III and tier IV cities.

The broking house is one of the fastest-growing discount brokers that provides a wide variety of financial products at the lowest brokerage in the industry which is unlike most of the discount brokers in India.

It has been recording a daily turnover of INR 1,200 crore and is planning to separate from its parent company.  

Why You Should Invest With 5 Paisa?

In this section, we will discuss why 5 Paisa has become so popular amongst the investor and thus is the second-largest discount broker of India.

  • It has the backup of a premier non-banking financial institution in India, IIFL that has experience of more than 20 years in the field of financial services.
  • It offers simple and cheaper brokerage plan that is INR 10 per executed order irrespective of segment
  • It provides free trading platforms to its customers that include mobile trading app, website trading platform, and desktop trading terminal.
  • It offers its customers free research reports along with technical as well as fundamental advice.
  • Unlike other discount brokers, 5Paisa facilitates investment in various financial assets for instance mutual funds and insurance

Open Account and Start Trading

Congratulations!

You have taken the first step.
An expert will call you shortly.


Types of Accounts

Share Trading Account

5paisa is one of the fastest-growing discount brokers of India. It is backed by its parent company IIFL and offers a variety of investing and trading services which include stocks, derivatives, and currency.

5paisa is a member of BSE, as well as NSE, offers trading services through its simple brokerage plans that charge a brokerage of only INR 10 per executed order.

5paisa-trading account is seamlessly integrated with other products offered by 5 Paisa, which are mutual funds, ETF bonds, and insurance.

Mutual Fund Account

The Online Mutual Funds Investment Account is the unique offering of 5paisa a discount broker. It facilitates the opening of Mutual Funds Investment account for free of charge.

Furthermore, 5 Paisa also offers Systematic Investment Plans (SIP), which is an automatic periodic investment option in the stock market through mutual funds.

5 Paisa provides its customers ‘Auto Investor’ tool for free. This tool helps investors with online Mutual Fund Advisory. Auto Investor helps the investor to choose the right funds based on their risk profile and return expectations.

Services Provided By 5 Paisa

Online Trading 

5 Paisa facilitates trading in Equity, Equity F&O, Currencies, and Commodities at NSE, BSE, and MCX.

Online Mutual Funds

5 Paisa facilitates investment in a wide range of Mutual Funds, ETFs and Bonds.

Online Insurances 

5 Paisa facilitates investing in Health and Term insurance online.

Personal Loans

5 Paisa offers paperless and instant disbursal of personal loans at attractive interest rates.

5 Paisa School

5 Paisa offers stock market education to all types of traders, beginners, intermediate and experts too, through different modules on various topics. In addition to this discount broker, also has a financial blog on which the discount broker shares blog articles and videos in order to educate the customers. 

5Paisa Trading Platforms

5 Paisa offers its customers free online trading platforms so that they can make the most of their investments with simple yet technologically advanced online trading and investing platforms that are provided by the discount broker.

This discount broker currently offers customers access to three platforms: Trade station Web (Browser-Based Trading Platform), Mobile Trading App (Mobile-based for Android and iOS users), Trade Station EXE (Desktop-based platform) and Algo Trading.

Trade Station Web

Trade Station Web is an advanced user-friendly, web-based online trading platform for fast trading execution.

Trade Station Web

Salient Features

  • The customer can trade with their own choice of the browser that is Chrome, Safari or Firefox.
  • This trading platform offers a consolidated view of the portfolio, positions, and the holdings of the customers across equity and mutual funds.
  • It facilitates seamless navigation through the user-friendly interface for giving the customers all-around trading experience.
  • The detailed scrip information including charts, market depths, and options chains makes analysis easy.

To access this software click here

Mobile Trading App

5 Paisa offers quite robust and technically advanced online trading and Robo advisory mobile application. It allows the customers to stay on top of their investment when they are out and about.

5Paisa Mobile Trading App

Salient Features

  • Fulfills all the trading and investment needs of the customers of 5 Paisa.
  • Easy selection of the suitable plan with auto investment advisory feature  
  • Real-time lives quotes of market and stocks.
  • Seamless execution of the trades by just one click.
  • Detailed analysis of the market by multi-market watch list and charts.

To get their mobile app just click on this link

Trade Station EXE

This is a desktop-based trading platform that provides speed and flexibility to the traders. It is also known as 5 Paisa Trading Terminal.

TradeStation EXE

Salient Features

  • A highly functional terminal that allows fast trading
  • Fully customizable watch list that allows making changes according to personal requirements.
  • Provides advanced charting tools with real-time ticks to track stock trends.
  • Highly secured desktop-based trading platform
  • Allows easy and instant fund transfers
  • Short Shortcut keys provide convenience to active traders

5 Paisa Customer Care

5 Paisa provides the following modes of communication with the customers:

  •  Offline branches
  • Toll-Free Number
  • Email
  • Phone Number
  • Social Media

5 Paisa provides more than average customers care services to its customers. But that is not a big issue, as Discount brokers are not known mainly for their customer care services.

Moreover, this discount broker also facilitates the education of its customers by providing tutorials related to trading and communication.

How To Open An Account with 5Paisa

5 Paisa allows its customer to open a 2 in 1 demat and trading account in a paperless process that only contains three easy steps. It opens an account based on Aadhar Card.

Key features of 5Paisa Trading Account

  • Flat INR 10 brokerage fee per executed order irrespective of the volume of the order. 
  • All in one account allows management of all the investments – stocks, mutual funds, and insurance. 
  • 100% automated personalized solutions to the investment needs of the customers through its Robo advisory tool. 
  • Daily trading strategies provided by the customers 

Normally the customers have to pay the account opening charges and the annual maintenance charges, for opening the demat account with any company.

Pricing

5 Paisa offers quite simple and cheap brokerage plans and this is the reason why it is one of the fastest-growing discount brokers of India. The 5 Paisa account opening charges and the annual maintenance charges are as follows,

5Paisa Account Opening Charges

·  

TRANSACTION CHARGES
Trading Account Opening Charges (One Time)INR 625
Trading Annual Maintenance ChargesNil
Demat Account Opening Charges (One Time)Nil
Demat Annual Maintenance Charges(Yearly Fee)INR 400

This discount broker waives off the account maintenance fees for the first year. 

5Paisa Brokerage Charges

5 Paisa is known for its simple brokerage plans and lowest brokerage charges

TRADING SEGMENTMARGIN
Equity IntradayINR 10 / Order
Equity DeliveryINR 10 / Order
Equity FuturesINR 10 / Order
Equity OptionsINR 10 / Order
Currency OptionsINR 10 / Order
Currency FuturesINR 10 / Order
Commodity OptionsINR 10 / Order
Commodity FuturesINR 10 / Order
5Paisa Margin

The discount broker’s margin facilities are not that great as compared to their competitors. Below we have discussed 5Paisa’s margin plans in detail:

Trading SegmentMargin 5paisa
Equity DeliveryUp to 4x
Equity IntradayUp to 20x
Equity FutureIntraday: 3.5x
Equity OptionsNA
Currency FutureNA
Currency OptionsNA

5Paisa Consumer Complaint Report

5 Paisa complaint reports provide details about

  • Number of complaints received by stock exchanges for 5 Paisa 
  • A number of active clients.
ExchangeFinancial YearNumber Of Consumers  Total Complaints
NSE2016-1736522
NSE2017-18360341
NSE2018-1910104396
NSE2019-2014749928

To access the complete list of complaints registered against brokers with NSE, just click on this link

Conclusion

5paisa is one of the premium discount brokers of India. 5paisa has brought about a change in the broking industry by introducing a completely digitized platform using which the investors can make an investment in shares, mutual funds, and insurance.  The brokerage charges of 5 Paisa are one of the lowest in India. It has made an opening an account a hassle-free and most importantly completely paper-free process. 

This discount broker provides services that are not usually provided by other discount brokers. 

5 Paisa is a discount brokerage firm that provides a variety of investment options and guides you through the process of investment and thereby giving you higher returns on your investment. 

5Paisa Review

Best Broker India

Customer Service
Web Trading Platform
Mobile Platform
Educational Material
Brokerage

Summary

3.2
5Paisa Review: Premium Discount Broker in India [2019]

5paisa was launched in the year 2007 as a discount broking subsidiary of India Infoline, India’s leading financial service provider. Based in Mumbai and as

Editor's Rating:
6
Share on whatsapp
WhatsApp
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

Related Articles

Recent Blogs

Open Free Demat Account

Congratulations!

You have taken the first step.

An expert will call you shortly.