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5Paisa Review

5paisa is a part of India Infoline (IIFL), India’s leading financial services company. It has revived with new brokerage model for online stock broking services in late 2016. It is a Mumbai based discount stock broker in India.
India Infoline is the parent company of 5 paisa, that was incorporated in 1995. IIFL group offers number of financial products in more than 800 branches.
• Investment, Trading and Insurance services under one roof.
• High class technology driven trading platforms across web, desktop and app based.
• Flat brokerage of Rs 10 for Equity Cash, F&O and Currency derivative.
• Free Mutual Fund Investment and automated personalized advisory to invest in Mutual Fund.
• IPOs, NCDs, bond, ETF investment.
• Online Insurance –term, life, auto and health.

5paisa’s offers low brokerage charges, Rs. 10/- per transaction is charged irrespective of the volume. Documents are processed online making the process paper-less and fast. 5paisa is one of the prominent discount brokers in India to commence share trading & Robo Advisory in a single mobile app at the very low cost. The company also provides free research & advisory support, Insurance, free mutual fund account. Other additional services like mutual fund investment, recommendations and tips, automated advisory tools is a plus which you don’t find usually in other discount brokers.

5paisa Brokerage Rate

Account Opening charge & Annual maintenance charges (AMC)
• Trading Account Opening Charges (One Time): Rs. 650
• Trading Annual maintenance charges (AMC): Rs. 0
• Demat Account Annual Maintenance Charges (AMC): Rs. 400 per year
• Demat Account Opening Charges (One Time): Rs. 0
Trading Brokerages
• Stock Intra-day Trades: Rs. 10 per executed order (buy and sell are considered as 2 orders)
• Stock F&O Trades: Rs. 10 per executed order
• Stock Cash Delivery Trades: Rs. 10 per executed order
• Currency F&O Trades: Rs. 10 per executed order

 

Account Opening Procedure:
• 5paisa’s 2-in-1 account (demat + trading account) offers an option to pursue trading and invest wisely in stock market and mutual fund. If you are looking forward to choose Mutual Funds as investment options, a completely separate Mutual Fund Account is available for your ease.
• 5paisa offers paperless account opening facility based on Aadhaar. If you have Aadhaar number and your Aadhaar number is linked with verified mobile number, the account opening process becomes so fast. After completing the online application, the online trading accounts get activated in very less time.You can also download the application form, print it and then fill it. After filling it send it to 5paisa Mumbai office to open the account.

 

Brokerage

Equity10 Rs Per executed order
 Equity Options10 Rs Per executed order
 Equity Futures10 Rs Per executed order
 Currency Options10 Rs Per executed order
 Currency Futures10 Rs Per executed order
 CommodityNA

 

Margin

 EquityUpto 15 Times for Intraday & 5 Times for Delivery(Interest charged)
 Equity OptionsUpto 2 Times for Intraday
 Equity FuturesUpto 2 Times for Intraday
 Currency OptionsUpto 2 Times for Intraday
 Currency FuturesUpto 2 Times for Intraday
 CommodityNA

 

5 Paisa.com trading platform:

 

Mobile Trading Platform

1. It keeps track of your holdings, net position, PnL, and margin with detailed order book/ trade book.
2. Create your own watchlist and keep a track of your investment.

Desktop Trading Platform

1. It offers trading ideas in equity and derivatives.
2. It has multiple shortcuts to make trading simple and faster.

Browser Trading Platform
1. Fill your bank details and experience efficient transfer of funds.
2. Good user interface for fast investment decisions.

Overall rating:
Rating based on the following aspects- Brokerage, Trading Software, Mobile App, Leverage, Safety of funds, Customer Support.

BrokerageTrading SoftwareMobile AppLeverageSafety of fundsCustomer SupportOverall rating
28871036.3

 

Customer Service
Stock brokers are updated with the latest market news to make their clients aware of such things and to have good return value. So they have the cooperative customer support team that usher its clients in context of any trade related query. They must deal as a tech savvy to ensure trust among customers.Services like Phone Support, Email Support, Live chat are available. But 24/7 support is not available.

 

5Paisa

Customer ServiceAvailability
Toll Free Number
Email Support
24/7 Support
Phone Support
Live Chat

 

Advantages
• Flat fee discount broker but services like full service broker.
• Single mobile app for Trading, IPO, Mutual Funds and Insurance.
• Robo Advisory platform to builds a fully customized mutual fund investment portfolio.
• Trading facility in Equity, Future & Options (F&O) and Currency segments.

 

Disadvantages
• No branches.
• Commodity trading is not available.
• Lack of monthly and yearly plans in trade.
• 5Paisa.com doesn’t offer 3-in-1 account.
• Higher exchange transaction charges in competition to other discount brokers.
• 5Paisa.com doesn’t offer commodity trading.
• Very high demat debit transaction charges.

 

 

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