5Paisa Review

5Paisa Review 2020: DEMAT and Trading Account

5Paisa is one of the biggest discount brokers in India, headquartered in Mumbai, Maharashtra, India. The discount broker is a part of one of the leading financial services company India Infoline (IIFL).

The company was launched in 2007 and was re-launched in the year 2016 with a new brokerage model for retail investors. 5paisa is a SEBI registered broker and is backed by a strong NBFC company.

Trading Instruments

5Paisa provides trading in equity, currency commodity, and mutual funds through exchanges like NSE, BSE, and MCX. 5paisa charges flat Rs 20 brokerage ignoring the size of the trade, segment, or exchange, making it a low priced discount broker.

5Paisa Brokerage and Other Charges

5Paisa charges Rs 20 per order brokerage on every segment irrespective of order size, but 5Paisa also offers some subscription service, that could lead a very lower brokerage. So here are the subscription plans of 5Paisa.

1. Optimum: Rs 0/Month

In this plan you have to pay Rs 20 per trade.

2. Platinum: Rs 499/Month + Taxes

In this plan you have to pay Rs 10 per order and Rs 2 per lot in equity option. Other features in this plan include Free research advisory, Zero DP charges, and some additional margins in future and option selling.

3. Titanium: Rs 999/Month + Taxes

The third plan is the Titanium plan, where you have to pay zero brokerage on equity delivery and Rs 10 on other orders and for equity option you have to pay only Rs 2 per lot. In this plan you will get free research advisory and some additional margins.

Detail Break-Down of 5Paisa Brokerage Charges 2020

Charges TypeOptimum PlanPlatinum PlanTitanium Plan
FeeFreeRs 499/ month; Rs 4,444/ yearRs 999/ month; Rs 8,888/ year
BrokerageRs 20/orderRs 10/order, Equity Options- Rs 2/lotEquity Delivery-Free, Equity Options- Rs 2/lot, Other segments- Rs 10/order
Maintenance ChargeRs 45/ Traded MonthFreeFree
DP Transaction ChargesRs 25 or 0.025%FreeFree
Pay In chargesRs 10FreeFree
Call-N-TradeRs 100/ callFreeFree
Direct MF Investment ChargesRs 20FreeFree
Research AdvisoryNot AvailableFreeFree
Free TradesNANAFree 100 trades per month maximum of Rs 1000
Dedicated Customer SupportNAFreeAvailable

5Paisa Other Charges (Non-Brokerage)

ServiceCharges
Trading Account Opening Charges (One Time)Rs 650
Trading Annual maintenance charges (AMC)Rs0
Demat Account Opening Charges (One Time)Rs 0
Demat Account Maintenance Charges (AMC)Rs 45/Traded Month- Optimum Plan; Other plans-Free

5Paisa Trading Platforms

Based on IIFL’s trading platforms, 5Paisa offers a mobile trading app, a web-based trading platform, and a desktop trading platform for Windows PC.

5Paisa Mobile Trading Application

5Paisa provides a mobile application for trading and investment purpose for its customers. You can download the application from Google play store or Apple store. The application provides livestock market quotes, advanced charting, trading in commodity, currency, and equity segments.

5 Paisa Mobile Trading Application

The mobile application is user friendly and easy to use, but on a busy day you may face some issues regarding order placing or quotation updates. Overall, its a familiar and well build mobile trading platform by 5paisa.

5Paisa Desktop Trading Platform

5paisa Desktop trading platform

Like other stock brokers 5Paisa also provides a desktop-based trading platform, which can be installed in Windows PC. The application is quite fast and just like the professional trading terminal. You need your client id, email, or phone number for the login purpose and your secret password. You can trade in all the segments through this desktop trading platform by 5Paisa.

5Paisa Web-Based Trading Platform

The web-based trading platform, that can be accessed through web browsers like Edge, Chrome, or Firefox. Using the platform you can trade in every segment 5paisa offers.

5Paisa web based trading platform

This web-based platform, it is very slow and glitchy. The platform is not recommended by us. This is where 5paisa needs some improvement.

5Paisa Margins

DeliveryUp to 4X
IntradayUp to 20X
Equity FuturesUp to 5X
Equity OptionsUp to 10X
Currency FuturesUp to 3X
Currency OptionsUp to 10X
CommoditiesUp to 10X

5Paisa Account Opening

How to Open 5Paisa DEMAT and Trading Account?

5Paisa offers 2 in 1 DEMAT and the Trading account and account opening process are completely online. Here are the steps to open the 5Paisa DEMAT and Trading Account.

  1. Fill your mobile number and email address on the 5Paisa account opening page.
  2. Fill in your personal details like PAN and Aadhar number.

  3. Fill your bank details like Account Number and IFSC.
  4. The next step is to upload your photo, signature, Aadhaar Card & Cancelled Cheque through the app itself.
  5. The last step is to E-sign your documents through the e-Aadhar platform.

Documents required for 5Paisa Account opening

  • Aadhar Card (Mobile number should be linked with)
  • PAN Card
  • Photo (Self)
  • Bank Statement (6 months for f&o Activation) or Cancel Cheque

Other Products Offered by 5Paisa

Swing Trader

A swing trader is a short-term trading research platform, where equity calls are provided on a daily basis.

Smart Investor

It is also a research platform, where investment calls are provided and guide the investor step by step.

Algo Trading

An automated trading tool for advanced technology-friendly traders.

Small case

A thematic investment platform and a third-party partner of 5Paisa.

Sensibull

An options analysis and trading tools for options traders.

Advantages and Disadvantages of 5Paisa

Pros.Cons.
  • Low brokerage charge of Rs 20 per Trade
  • Good and easy to use mobile trading platform
  • Advanced charts
  • Subscription model with lower Option and equity brokerage
  • Fast and easy account opening process
  • Higher margins for intraday and delivery trading
  • No 3 in 1 account
  • Higher call and trade charge
  • No NRI Trading Facility available
  •  No research and advisory in optimum plan users.

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