5paisa Review — An Honest Insight

5paisa is a new name in trading, but it has risen to the top in quite a short time. The company was launched in 2016, offering discount brokerage services throughout India. Since then, the firm has worked with over 1.2 million clients—and counting. For this 5paisa review, we will take an in-depth look at this platform to see if it can be beneficial for your trading. 

About 5Paisa

5paisa is one of the newest yet popular stockbrokers in India, providing discount brokerage services. They offer many financial services like equity trading, insurance, mutual funds investments, etc. 

Founded by Prakash Gagdani in 2016, 5paisa is still relatively new in the market. But in just a short period, the firm earned the stature of being the 6th most prominent stockbroker in India. 

As of 2021, 5paisa handles over 1.2 million clients, boasting a daily turnover of ₹ 50,000 crores. Currently, they have branches spread throughout Mumbai, Murshidabad, Nadia, and New Delhi. 

As proof of the company’s credibility, 5paisa is a member of a few credited organizations. These include:

  • CDSL – Central Depository Services Limited
  • BSE – Bombay Stock Exchange
  • NSE – National Stock Exchange
  • SEBI – Securities and Exchange Board of India
  • MCX – Multi Commodity Exchange

With this, they’re safe as with other stockbrokers in the country.

Overall, 5paisa is a flexible trading platform ideal for new and veteran investors. After all, they offer some of the lowest brokerages in the industry. 


Pros and Cons of 5paisa

Advantages of 5paisa

  • Low cost. 5paisa is well-known for offering some of the most affordable charges in the industry. They have a charge flat of Rs 20 per order completed. And this is usually cheaper with their value add packs, around Rs 10. 
  • Offers detailed research ideas. They’re one of the few firms that provide in-depth research and advisory to over 4,000 companies. These include short- and long-term calls, portfolio-based investment plans, and derivative strategies. 
  • Your one-stop firm. 5paisa is well-known for their trading app, but they’re more than that. With their multi-product app, you can get products ranging from gold to US investments. 
  • Reasonable margin funding. The company offers customers a facility of margin trade funding. So that means clients only need to pay a partial amount of the delivery purchased in the cash segment. And the balance funded by the company is around 0.06% daily. 
  • Convenient analyzing. They offer a specialized tool to help analyze portfolio performance more effortlessly. With this, clients can improve their investment strategies in real-time. 
  • Offers value add packs. Finally, 5paisa provides some of the lowest charged value-add packs in the industry. You can even get your first trades 100% free every month. 

Disadvantages of 5paisa

  • Does not offer 3-in-1 accounts. Most trading firms have these types of accounts. However, since 5paisa is still new, they have yet to offer this. 
  • High demat debit transactions charge on the optimum plan. 5paisa offers around Rs 25 for their premium plans. 
  • Call & Trade is expensive. Clients can place a limitless amount of trades in a single call for Rs 100. 
  • NRI trading services are not available. 

Is 5paisa the Right Choice for Me?

If you’re new to the trading scene or want to save some money, 5paisa is an excellent choice. The company is famous for being one of the lowest-charged brokers in India. Hence, if you’re a new or heavy trader, you’ll save money guaranteed! 

You’ll get around 95% savings on the brokerage fee as the company only charges around Rs 10 to Rs 20 per trade. And this is relatively lower than other trading firms. 

So, you don’t need a large sum to start investing and trading with 5paisa. 

But since they’re a newer company, reaching out to them will be more challenging. They currently have branches in Mumbai, New Delhi, Nadia, and Murshidabad, significantly lower than other long-running platforms like Kotak Securities. However, they’re always one call or email away. 

Also, 5paisa makes a good trading platform for those who want a more convenient way of trading. They have their very own trading app, which makes trading easy and fast. With this, you can manage your accounts whenever—and wherever 

Aside from that, if you’re looking for secure and safe trading, 5paisa has got your back. After all, although the company only opened in 2016, it’s quickly become one of the most prominent names in the industry. And over 1.2 million customers can attest to this.

Finally, to back the company’s legitimacy, it’s certified by CDSL, BSE, NSE, SEBI, and MCX. When you pair this with its cutting-edge trading tech and low charges, it’s not hard to see why 5paisa is a good choice. 


Opening an Account with 5paisa: Different Offers and Signing Up

With 5paisa, you have numerous investment or trading options. Below are some of the offers you can sign up for:

  • Trading and demat account. 
  • Mutual fund account. 
  • Free trading account. 
  • No margin money account. 

5paisa has some of the most affordable deals for its clients. It has a flat fee of Rs 10 per order completed through value add packs. Moreover, the DP AMC charges begin from Rs 0 to 24. 

Also, 5paisa comes with supported exchanges from BSE, MCX, NSE, and NCDEX. Furthermore, they also offer Small case or Sensibull trading options. 

Finally, the firm also offers a facility of all-in-one accounts for all clients. 

However, regardless of the offer, here’s how to sign up for it at 5paisa:

  • Visit 5paisa to open an account.
  • Fill in the necessary details. 
  • Wait for a call from the sales team. 
  • Set up an appointment and discuss the details of your chosen product.
  • You’ll be asked to provide different documents. But these usually include PAN details, Aadhaar details, account opening fees, and Power of Attorney (POA).

Once done, wait for their confirmation. Although the time varies, your account should be activated within 1 to 2 working days. 


5paisa Charges and Fees

5paisa is one of the most pocket-friendly discount brokers in India, offering some of the lowest charges.

Here are the standard charges you can expect at 5paisa:

RATES FOR 5paisa STANDARD PLAN

Clients only need to pay a flat charge rate of Rs 20 per finished order for 5paisa’s standard plan. And this applies to all transactions across different segments.

Moreover, as per the personnel of the trading firm, the brokerage charged is nearly 45% to 50% lower than other discount stockbrokers in India. And when compared to full-services firms, 5paisa’s rates are as low as 98%.

Here’s an overview of the charges for the standard plan:

SegmentRates
Equity DeliveryRs 20 per finished order
Equity IntradayRs 20 per finished order
Equity FuturesRs 20 per finished order
Equity OptionsRs 20 per finished order
Currency FuturesRs 20 per finished order
Currency OptionsRs 20 per finished order
Commodity FuturesRs 20 per finished order
Commodity OptionsRs 20 per finished order

RATES FOR 5paisa POWER INVESTOR PACK

The next offer by 5paisa is the power investor pack, which investors can enjoy for as low as Rs 499 monthly! And what’s best is there’s plenty of perks you get to enjoy, including: 

  • Brokerage discount. Users can enjoy a 50% discount on this pack, cutting the charge to Rs 10 per finished order. 
  • Model portfolio analyzer. This pack comes with a portfolio analyzer that contains a list of hot stocks. With this, you can track your portfolio, make a benchmark, and keep tabs on finished orders. 
  • Research ideas. It also comes with a model portfolio made for new clients. And this includes around 4000 stocks handpicked by extensive research alongside buying and sell communication.
  • Swing trader tool. Finally, the pack comes with a tool for swing trading, ideal for investors who like trading in this style. With this, clients can retain success rates up to 65%.

Here’s an overview of charges for the power investor pack plan:

SegmentRates
Monthly FeeRs 499 per month
Equity Delivery Rs 10 per finished order
Equity Intraday Rs 10 per finished order
Equity FuturesRs 10 per finished order
Equity OptionsRs 2 per lot
Currency FuturesRs 10 per finished order
Currency OptionsRs 10 per finished order
Commodity FuturesRs 10 per finished order
Commodity OptionsRs 10 per finished order

RATES FOR 5paisa ULTRA TRADER PACK

The last pack offered by 5paisa is designed for seasoned or heavy traders. Named the Ultra Trader Pack, this is ideal for any trader who wants to get the most out of their cash. And the best part is, this only costs Rs 999 monthly! 

The pack comes with a smart investor, the swing trader tool, and a portfolio analyzer—all of which you can find in the Power Investor Pack. And here are the add-ons exclusive to the Ultra Trader Pack:

  • One hundred free trades every month.
  • 4x exposure offered for intraday option trades.
  • Brokerage charge drops down to Rs 10 per finished order on all segments after the 101st trade order. 
  • Free Call & Trade services. 
  • All costs for funds transfer, net banking, and DP Txn are waived. 

Here is an overview of the charges for the ultra trader pack:

SegmentRates
Monthly FeeRs 999 per month
Equity Delivery Free
Equity Intraday Rs 10 per finished order
Equity FuturesRs 10 per finished order
Equity OptionsRs 2 per lot
Currency FuturesRs 10 per finished order
Currency OptionsRs 10 per finished order
Commodity FuturesRs 10 per finished order
Commodity OptionsRs 10 per finished order

Customer Service at 5paisa

For clients who have any queries or problems with 5paisa, you can always contact 5paisa customer service. You can contact 5paisa through these channels:

  • Email for Support Queries: Queriessupport@5paisa.com
  • Email for DP and Broking Queries: dp.grievance@5paisa.com
  • WhatsApp: +91 89766 89766

A great thing about 5paisa is that they do genuinely care about their clients. Hence, you can contact their customer support team 24/7. Meanwhile, for their Call & Trade services, please consult with the customer service team first to know their availabilities. 

Also, you can visit the company’s offices located in Mumbai, New Delhi, Nadia, and Murshidabad.


Frequently Asked Questions

Q: Is 5paisa safe to use for trading?

A: 5paisa is a trusted stockbroker in India, so making any trades or investments with them is safe. The company is new but has already established its spot as one of the most prominent names in the country. Also, the firm has a vast trusted client base of over 1.2 million individuals. 

Q: Is 5paisa ideal for beginners in trading?

A: Since 5paisa has some of the lowest charges in the industry, this makes it an excellent platform for newbies and veterans alike. They have a flat rate that’s lower than most companies in India. And this flat rate brokerage applies to all segments they offer. So that means you only need a small chunk of cash when trying out 5paisa. 

Q: What’s the brokerage of 5paisa?

A: 5paisa has some of the lowest charge flat rates in the industry. You can invest in different products ranging from Intraday to Equity options for as low as Rs 10 to Rs 20 per finished order. Additionally, delivery trading in 5paisa is free from a brokerage. 

Q: Does 5paisa have its own trading App?

A: 5paisa has its own trading app available on all iOS and Android devices. You can do most things available on the company’s website in its mobile app. with this. Trading has never been easier! 

Q: Is 5paisa legal?

A: 5paisa is a legitimate stockbroker that’s been in business since 2016. It’s registered with several accredited organizations, including NSE and MCX. So this platform is as safe as with other names in the industry. 


Final Words

In the discount broking sector in India, 5paisa is a name you can trust. From affordable flat rates to flexible accounts, there’s no wonder it’s growing at a fast rate! We hope this 5paisa review helps you get a more in-depth insight into the pros and cons of this provider and see if it’s the right choice for you.