5Paisa Review, Brokerage Charges, Demat Account, Trading Platforms & more

The review helps in evaluating the pros and cons of a company. Hence, we have listed the 5Paisa review here which throws light on the 5Paisa brokerage calculator and also reviews 5Paisa trading platforms, 5paisa brokerage charges, and more. If you are a beginner then this review will surely prove helpful for investing in the stock market.

5Paisa Review

5Paisa is one of the top stockers in India and this is a private limited company established in March 2016. The organization is a listed company in  National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). IIFL is the promoter of this company and 5paise secured its position as no 2 discount broker company in India in the last few years.

The 5Paisa review shows that by executing 5paisa online trading you can trade-in equity, commodity, and currency at BSE, NSE, and MCX. The company is a flat-rate discount stock broker that charges Rs. 20 Rs brokerage flat irrespective of the size of the trade, segment, or exchange. Along with this, the company offers three 5paisa prepaid plans that include Optimum Plan, Platinum Plan, and Titanium Plan.

However, the trader/investor is liable to pay low brokerage in platinum and titanium plans for availing extra fixed monthly fee.

5paisa Mutual Funds provide direct mutual funds as well as regular ones. 5Paisa review shed light on the fact that the company charges flat Rs. 10 on per executed trade in case of mutual fund investment. Although, the investor can make a one-time investment in a mutual fund or can opt for a SIP i.e. systematic investment plan. 

5Paisa Demat Account review

5paisa Demat accounts another offering by the company is via its depository participant membership with CDSL. This Demat account was allocated in March 2019 as Premier Depository Participant by CDSL.

5Paisa Trading Platforms review

Prior to going further, the 5Paisa review elaborates about the three trading platforms by 5Paisa, discount broker.

A large number of investors/traders are availing services of 5paisa Trading Platforms for the past two decades. These seamlessly working trading platforms are developed on  IIFL’s trading platform.

• 5paisa Mobile App:

  The first on the list of 5Paisa review is the 5paisa mobile trading app. This mobile application provides trading opportunities at the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The investors/traders can download offers trading at BSE/NSE. This mobile application for trading by 5Paisa is available on Google App Store and Apple Store which customers can download for free. This application simplifies stock market trading along with currency futures & options, and mutual fund investment.

• 5paisa Web Trading (5paisa.com):

  The second on the list of 5Paisa reviews is the company’s trading website i.e.www.5paisa.com. The investor/trader can operate this website from any desktop, web browser, laptop, or tablet. The 5paisa website provides complete trading and investment options in one place. The perfect integration and payment gateway ensure smooth and quick fund transfer.

• 5paisa Trade Terminal:

  Third on the list is the 5Paisa trade terminal. This is dedicatedly-structured for traders who execute trades frequently and have the requirement of technology-enabled trading tools. This desktop application provides real-time data, advanced charts for intraday and historic stock prices. The variety of shortcuts available on keywords track real-time market situations and prove beneficial in placing orders in the least time possible.

5Paisa Brokerage Charges

5Paisa review lets you know about the brokerage charges for trade under different segments. Have a look at the below-given list to know the actual charges.

• Equity Intraday – Rs. 20/Trade
• Equity Delivery – Rs.20/Trade
• Equity Futures – Rs. 20/Trade
• Equity Options – Rs. 20/Trade
• Commodity Futures – Rs.20/Trade
• Commodity Options – Rs.20/Trade
• Currency Futures – Rs.20/Trade
• Currency Options – Rs.20/Trade

About 5Paisa

The company has a perfect blend of new and experienced professionals. 5Paisa review found that the combination of new and old a lot of technicians, market executives, researchers, and others are the strength of this organization.

5Paisa is a leading discount broker company in India that offers technology-enabled trading solutions to empower investors/traders for yielding maximum returns on investment by investing the minimum amount of money. The company has a strong integration system that allows clients to complete trade execution seamlessly on various platforms. 

5Paisa showed significant growth since its establishment in March 2016. Merely after a couple of months of its inception, the company received an investment of Rs. 100 crore from IIFL Holding with a proposal for demerger. After a year only, in November 2017, the company got listed in National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). There was no looking back for then, as it received the accolade for being the “ Best Digital Startup of the Year” in January 2018. In the short span of a few months, in April 2018, the company witnessed a new high, as mobile application downloads crossed the mark of 1 million downloads. The company continued to chase success and bagged another award in the same year for being the Emerging Brand Excellence in BFSI Sector & Best Mobile Trading App

5Paisa secured 2nd position in the discount brokerage category and bagged several awards next year. The company has been accredited as Premier Depository Participant by CDSL since March 2019.

What Customer’s Say About 5Paisa

5Paisa is an established firm in the stock market and it offers maximum profit earning opportunities for investors/traders. 5Paisa review shows that a fair number of customers are happy with the company, and the overall rating of 5Paisa stands at 2.6 out of 5. The brokerage and fees are found to be average as clients, as they rate company 3.7 and 3 for both respectively. However, customers feel that there is a scope for improvement in the research section and rate this organization 1.9 out of 5. Although, usability and customer service are two satisfactory areas and a customer rating for both of these are 2.6 and 2.1 respectively.

5Paisa Brokerage Calculator

5Paisa brokerage calculator is a user-friendly tool that calculates all the required fields by adding necessary taxes and brokerage charges. 5Paisa review finds that this calculator is apt for experienced investors/traders and for new investors/traders also.

To use the 5Paisa brokerage calculator a person needs to fill in the following details and the brokerage calculator by 5Paisa will do the calculations. 

• Number of Stocks you want to trade
• Buying Value
• Selling Value

The brokerage calculator by 5Paisa is useful to calculate values for the below-mentioned categories:

• Equity Delivery Brokerage Calculator
• Equity Intraday Brokerage Calculator
• Equity Futures Brokerage Calculator
• Equity Options Brokerage Calculator
• Currency Futures Brokerage Calculator
• Currency Options Brokerage Calculator
• Commodity Brokerage Calculator

5Paisa Margin Calculator

Before knowing the intraday leverage and others, the 5Paisa review would elaborate the steps to use the 5Paisa margin calculator, as investors/traders must know about how to use a calculator method to increase profitability.

Step 1:  Choose the exchange in which you want to trade. 

Step 2: Select the product type: Futures/Options

Step 3: Choose the ticker symbol of the drip you wish to trade.

Step 4: Choose the kind of trade: Put/Call

Step 5: Choose the date of expiry for your trade. 

Step 6: If you have chosen Options, then Enter the strike price. 

Step 7: Enter the lot size of the trade you wish to perform. 

Step 8: Calculate your SPAN margin. (SPAN margin is the lowest margin requirement blocked for futures and options.)

5Paisa Intraday & Delivery Exposure / Leverage

Here is the 5Paisa review for the company’s intraday & delivery exposure/leverage. 

• Equity Delivery – Upto 4x (Category E 4x, A 3.5x, B 3x, C 2x, D 1.5x)
• Equity Intraday – Up To 20x
• Equity Future – Intraday: 3.5x | Carry forward: 1x (no margin)
• Equity Options – Intraday: 1x | Carry forward: 1x
• Commodity Futures – Intraday: 1 time | Carry forward: 1x
• Commodity Options – Intraday: 1x | Carry forward: 1x

Everything You Need to Know About 5Paisa Demat Account & Trading Account

The Demat account by 5Paisa is beneficial for investors/traders who execute a trade in a large proportion because brokerage charges for the same are on the lower side in comparison to other discount brokers in India. Apart from this, the features of the Demat account by 5Paisa make this trading account different from competitors and the paperless account opening process saves a lot of time.

Steps to open 5Paisa Demat Account 

Step 1:  Enter your PAN Details 

Step 2:  Fill in your Bank details. 

Step 3:  Enter your personal details. 

Step 4:  Upload your Documents.

Step 5:  Do E-Signature and IPV 

The process of opening a Demat account with 5Paisa, a leading discount broker in India takes less than 10 minutes to complete.

5Paisa review found that the 2-in-1 account by 5Paisa includes (Demat and trading account) both, give investors/traders an opportunity to invest in the stock market and mutual funds parallelly. However, if a potential investor wishes to invest in any one of them, then he/she can fill a separate form to begin the investment process

5Paisa Demat Account Opening Charges & AMC

Here is the list of account demat account opening charges and annual maintenance charges for the same.

• Demat Account Opening Charges – Rs. 0 (One-time)
• Demat Account Annual Maintenance Charge – Rs. 540 (It cost Rs. 45/Trade on a monthly basis)

Know About 5Paisa Trading Account

A trading account is a necessary service that most stockbrokers provide and in order to execute a trade in the stock exchange, traders need to have a trading account that can transfer stocks and shares from the Demat account and the Bank account. The trading account serves as the only connection the trader has between the Demat account and the Bank account and can access these accounts using the Trading account. Also, a  history sheet of the Trading account showcases all the previous transactions that have taken place to date to provide a summary of the trading activities. 

5Paisa trading account charges are pocket friendly with the one-time Trading account opening fee of Rs. 300 while the annual maintenance charges for the Trading account are zero. 

5Paisa Mobile App 

5Paisa review found that the mobile application of 5Paisa works as a one-stop solution for trading and investment purposes in the stock market. This mobile app offers maximum investment opportunities in commodity, currency, insurance, research, and mutual funds. 

Trading becomes easy with a single touch feature of the 5paisa mobile application. The mobile trading platform by 5Paisa provides a flawless user experience to the investors/traders. In the current scenario, keeping a mobile trading application handy is the best way to keep a track of the stock market.  

5Paisa Mobile App Rating 

The client base of 5Paisa look satisfactory by the service they avail as the overall rating of the company stands at 7.8 out of 10. The 5Paisa review shows that the company is rated 7.7 on the basis of Process, 7.7 for Usability, 7.8 for Features, 7.9 for Speed, and 7.8 for Performance.

Features of 5Paisa Mobile App 

5Paisa review elaborates the features of the mobile app by 5Paisa, a leading discount broker in India one by one. 

• 5Paisa Mobile App Rating

  5Paisa review shows that this mobile trading application stores all complete data about recent opening price, last closing price, the present market value of stocks, along with data about the highs and lows in the past 52 weeks. This application also has the feature to showcase chart options to the user so that they can understand the price trend from past to current situation in the market.

• Mutual Funds

  Another smart feature of the 5Paisa mobile trading application is that investors/traders can assess the plethora of mutual funds prior to investing in the Systematic investment plan.

• Watchlist

  The user can add 50 scrips to all the three watchlists that are available as a prominent feature of the mobile trading app by 5Paisa.

• Technical Tools

  The 5Paisa mobile trading app comprises several technical charts, indicators, heat maps, etc to assist users in analyzing and trading in the stock market.

• 5Paisa Auto Investor

  One of the significant features of the mobile trading app by 5Paisa is that it showcases stocks and other investment options such as mutual funds according to the details filled by the investor/trader. This application fetches the list of investment options on the basis of your risk percentage, demographic details, income, etc, and then suggests you the best suitable investment option

One of the significant features of the mobile trading app by 5Paisa is that it showcases stocks and other investment options such as mutual funds according to the details filled by the investor/trader. This application fetches the list of investment options on the basis of your risk percentage, demographic details, income, etc, and then suggests you the best suitable investment option

Set-Up Process of 5Paisa Mobile App 

Step 1: You can download the 5Paisa mobile trading application from iOS or play store and then log in to the account. 

Step 2: Firstly, you have to create an account on 5Paisa mobile application. After submitting the application, you will receive the credentials to login and along with download options for the same app.

Step 3: Now you can build a market watchlist by following commands and can add scrip to the list. You have the option to track the listed stocks. 

Step 4: 5Paisa mobile app has an easy set-up process. You can simply add/remove the scrips by typing the name of the scrip and click on the add/remove button once the application shows the stock in the drop-down menu. 

Step 5: Next is the process to buy/sell stocks. The option to buy/sell is visible on the screen once the user clicks on the stock. You can choose the option as per the need. 

Step 6: Then add all the holdings and keep a track of them in real-time by visiting the portfolio section. 

Step 7: The investors/traders can visit different sections in the charts to get detailed information about charts and technical indicators. 

Benefits of 5Paisa Mobile App 

• 5Paisa review found that the mobile trading app by 5Paisa is among the most secure trading applications, as it has 256-bit SSL for encryption which offers an extra security layer to the data stored in the system.
• A user can simply log in as a guest to figure the working of this mobile application. The user can later create an account on the same platform after receiving satisfactory results by operating this trading application by 5Paisa.
• 5Paisa review also found that this mobile application works at a faster speed and the overall features, the usability of the application make it one of the best trading apps in India.

All You Need to Know About 5Paisa Trade Station 

5Paisa trade station is an advanced trading platform that enables traders to execute the trade in a flawless manner. This trading station by 5Paisa is compatible with various internet browsers such as Google Chrome, Safari, and Firefox. This application has a comprehensive portfolio tracker along with a market watchlist to keep a track of scrips. The easy fund transfer process, unified view of your stock holdings, the service to trade in NSE (National Stock Exchange) and BSE (Bombay Stock Exchange) is also some of the key features of the 5Paisa trade station web. This trading station is best suitable for investors/traders who perform trading activities at a large. The 5paisa trading web can be customized, it is responsive as well and has a user-friendly interface.

5Paisa Trade Station Review 

The 5Paisa trade station review shows that users are satisfied with the trading station web as the overall rating stands at 6.4/10. The usability, features, and speed meet users’ expectation level and hence the rating for the same are 6.3, 6.5, and 6.6 respectively.

Features of 5Paisa Trade Station

Features of 5Paisa Trade Station 

• Advance Watchlist

  The feature named advance watchlist allows you to prepare the best possible trading strategy as you can witness stock prices for the upcoming month in real-time. The user can build a watchlist and can link scrips to the same. One can update and work on the listed scrips as and when required.

• Timely Notifications

  The timely notification feature of 5Paisa trade station web updates you about upcoming earning possibilities, The investors/traders are notified about all the latest happening that takes place in the stock market.

• SIP for Mutual Fund

  The traders interested in investing in mutual funds can begin a Systematic Investment Plan by filling up the required details. This feature allows mutual fund investors to perform investment in the simplest manner.

• Advanced Charting

  The investors/traders can analyze their charts with the help of this feature. The indicators help in chart modification and every modification done by a user is saved automatically. The user also gets a statistical report of the trading done by him/her.

• Multiple Order Types

  This is a regular buying/selling process, that allows investors/traders to place orders as per the requirements. The feature of multiple order types gives users the option to open/close the trade at the market price in real-time.

Set-Up Process of 5Paisa Trade Station 

Step 1: Firstly, open a Demat account with 5Paisa via this trading application. 

Step 2: After having a login credential, the user is required to download the 5Paisa Trade Station from the 5Paisa website. Search the file in the “Stock” drop-down menu and go to the “Trade Solutions” section. Here search and download the 5Paisa Trade Station.

Step 3: After downloading the same, install the .exe file. 

Step 4: After completing the installation, log in to the system with the credentials you have.

Benefits of 5Paisa Trade Station

• Firstly, by using the 5Paisa trade station web, the user can avail of the service of stock recommendations and trading calls free of cost.
• The second benefit of the 5Paisa trade station web is that there are several shortcut keys to perform functions and this saves a lot of time.
• Thirdly, the user is not required to pay any cost for availing the service from this platform and hence can use the same for as long as he/she wishes to.
• he fourth benefit of the 5Paisa trade station web is that fundamentally and technically sound trading tools give investors/traders an edge over others in stock market trading.

5Paisa Optimum

5Paisa Platinum

5Paisa Titanium

5Paisa Products and Services 

5Paisa review shows that the company offers flawless trading platforms to its clients with technology-enabled trading software. Here is the list of products and services offered by 5Paisa.

• 5Paisa Trading Account

  The 5Paisa trading account offers trading facilities in equity, derivatives, commodity, mutual funds, IPO, ETF, currency, NCD, and more. A user can open an all-in-one 5Paisa account to invest across categories and can also manage the same by logging in to the account. The company offers a minimum brokerage fee, as it is a discount brokerage firm.

• 5Paisa Mutual Fund Account

  The company offers a dedicated account opening service to those who wish to invest in mutual funds. A potential investor/trader has the option to select this dedicated account for mutual funds investment for zero cost. 

• 5Paisa Equity Trading

  5Paisa became a registered broker of Bombay Stock Exchange and National Stock Exchange in November 2017. An investor/trader can commence trading at a flat brokerage price of only Rs. 20/trade with 5Paisa, one of the top discount brokers in India. The company offers a free equity delivery trading option under its titanium plan.

• 5Paisa Derivatives

  The company offers trading opportunities in futures and options under the derivative category. A user has to pay a flat fee of Rs.20/trade under the Optimum brokerage plan by 5Paisa. On the other hand, a user can carry out trading activities by paying only Rs.10/order under Platinum and Titanium plans.

• 5Paisa Derivative Trading

  5Paisa received MCX membership in April 2019 and then the company began commodity trading in this segment. The all-in-one account offered by 5Paisa allows you to trade in the commodity segment. A user simply needs to select “MCX” under the profile and segment option.

• 5Paisa Call & Trade

  5Paisa review shows that the company offers its clients a service to trade via call. The company offers multiple subscription plans to avail of this service. These plans include the Optimum Plan, Platinum Plan, and Titanium Plan.

• 5Paisa IPO Investment

  You can make an IPO investment with 5Paisa via ASBA and UPI process. A person is required to log in to his/her 5Paisa trading account to apply for an IPO, as the company shares all important information related to the upcoming IPOs, performance of previous IPOs, etc. 

Advantages & Disadvantages of 5Paisa 

5Paisa review list pros and cons of 5Paisa below:

Advantages of 5Paisa 

• The systematic investment plan for an ELSS fund is of minimum cost, however, there is no maximum limit for the investment in the same segment. 
• The ELSS funds come with an approach of long investment periods that are equal to high ROI. ELSS funds have a compulsory lock-in tenure of three years, as it makes investors habitual of doing savings.
• The equity exposure offered by 5Paisa increases the chances of a high return on investment. 
• The investor/trader can earn profit as the systematic investment plan has the option of dividend payout in the lock-in tenure.
• No tax is levied on investors for the earning made up to Rs. 1 lakh after the completion of the lock-in period. However, the person is liable to pay tax if the amount is more than Rs. 1 lakh INR. 

Disadvantages of 5Paisa 

• The availability of multiple ELSS investment options confuses the investor as he/when it comes to select and begin an investment. 
• A person is required to complete huge paperwork prior to the commencement of investment. 
• The high risk of equity market funds gives no guarantee of yielding ROI. 

5Paisa Review Conclusion

5Paisa review shows that 5Paisa is one of the leading discount brokers in India, which offers a technology-enabled trading platform for investors/traders falling under beginners, intermediate and experienced categories. The company offers trading applications with fast speed and usability to ensure that the customers yield maximum return on investment every time they execute an order. The wide range of brokerage plans allows the users to find investment options that suit them the most in a cost-effective manner.