5paisa is one of the leading online stock brokers, publicly traded capital promoted by IILF with one of the huge client base over 1.2 million.
Products Offered By 5paisa
- Equity
- Futures
- Options
- Commodity
- Currency
Brokerage Plan
5paisa offers more than 1 plan, you can use plan switcher to see the difference in offerings, Here you find Account opening and Maintenance fees charged, Brokerage charges and Margins provided by 5paisa.
Additional Services:
Some other extra services provided by 5paisa.
- Margin Against Share
- SMS Alerts
- Margin Funding
Excluded Services:
Some services which are not provided by 5paisa.
- Free Research Reports
- Free Trading Calls
- 3in 1 Account
Additional Investment Options:
5paisa also provide services for investing in these fields.
- Mutual Funds
- Insurance
- Exchange Traded Funds
- IPO
- Bonds & Debt
Pros
Strengths of this Broker:
- Maintenance charges are applicable only in the month you trade. These are also waived off for those who opt for our premium pricing plans.
- Provides good innovated trading platforms which, allows to invest in (IPO, mutual funds and insurance or gold) on one platform.
- Though it is one of the discount broker, it offers research based tips and recommendations to its clients.
- 5paisa only charge you a flat fee/trade. you do not have to pay any brokerage or DP charges.
- No hidden charges to anything mentioned. Any charges, that are applicable are the statutory ones and are as instructed by the regulatory body.
- 5paisa offers different plans to meet the needs of their customers with 2 subscription plans.
Cons
Area of improvements in the Broker:
- 5paisa does not offer NRI trading services.
- Call & Trade is available at a high additional cost of Rs.100 per call in Basic & Power Pack plan.
- Call & Trade service is chargeable even if the mobile application is not working.
- High Demat transaction charges.
- Offers mediocre customer service.
Customers Feedback for 5paisa
We provide our unbiased reviews on the bases of costumer service, overall usability and performance of the broker. Our reviews are based on both positive and negative aspects so that you can have better understanding of a broker.
Overall Performance
- 5paisa offers different verity of plans to suit suit everyone's comfort with flat brokerage charges.
- 5paisa's premium plan offers free research advisory, Zero DP charges, Industry best exposure, Equity Options Rs. 2/lot, Others Flat Rs. 10/order
- Their trading platforms are user friendly. They also provide educational content in there website.
- 5paisa provides Automated chat support, email and call support, response might delay, you can also raise ticket.
- For individual account, the procedure is simple, physical copy of the POA form is mandatory, NRI account is unavailable.
Trading Tools Provided By 5paisa:
5paisa trade station user-friendly web-based share market trading platform with advanced trading features that boost your investment to the next level. It Provides market analytics, Advanced charts for stock analysis, placing bulk orders in a single click, consolidated view to check the market depth and Option Chain, positions & portfolio, Trade across different segments like equity, derivatives and currency, Market watchlist to monitor scrip, Portfolio tracker and Access to multiple reports.
Allows stock trading in all segments. Access to research and advisory inside the app. Live quotes on stocks and markets. Mutual Fund investment in lumpsum & Systematic Investment Plan (SIP). Robo Advisory – A fully automated advisory system for investors. Real-time, streaming quotes for all segments with advanced charting tools. Simple user interface that makes the app easy to use and suitable for both investors and traders.
Desktop platform for active traders that comes with fast execution and advanced charting tools to analyze the stock before taking a position. It also features high security, integrated back-office, in depth stock view tool etc. These features are additional to the ones that are offered by Trade Station Web.
Charges Details:
For Equity :-
| CHARGES | DELIVERY | INTRADAY | FUTURES | OPTIONS |
|---|---|---|---|---|
|
Transaction Charges
|
NSE - 0.00325%, |
NSE - 0.00325% |
NSE - 0.0019% |
NSE - 0.05% |
|
Demat Transaction Charges
|
Sell side, ₹ 12.5 per scrip +Gst for free demat account, for ultra trader pack - No charges
|
- |
- |
- |
|
Clearing Charges
|
As per NSE and BSE
|
As per NSE and BSE
|
NSE - 0.0002% |
NSE - 0.005% |
|
GST |
18% on Brokerage + Transaction + Demat Charges
|
18% on Brokerage + Transaction
|
18% on Brokerage + Transaction + Clearing Charges
|
18% on Brokerage + Transaction + Clearing Charges
|
|
STT |
₹ 100 per Lacs
|
Sell-side, ₹ 25 per Lacs
|
Sell-side, ₹ 10 per Lacs
|
Sell-side, ₹ 50 per Lacs
|
|
SEBI Charges
|
₹ 15 per crore
|
₹ 15 per crore
|
₹ 15 per crore
|
₹ 15 per crore
|
For Commodity:-
| CHARGES | FUTURES | OPTIONS |
|---|---|---|
|
Transaction Charges
|
0.0026% - Non Agri
|
- |
|
Clearing Charges
|
0.00%
|
0.00%
|
|
GST |
18% on Brokerage + Transaction
|
18% on Brokerage + Transaction
|
|
STT |
NA
|
NA
|
|
SEBI Charges |
NA
|
NA
|
|
Stamp Duty
|
0.02 % or ₹ 200 per crore on by side future
|
0.003 % or ₹ 300 per crore on buy side options
|
|
CTT
|
0.0001 % on exercise purchaser, 0.01 % for sell future
|
0.05 % option sell
|
For Currency:-
| CHARGES | FUTURES | OPTIONS |
|---|---|---|
|
Transaction Charges
|
NSE - 0.0009%,
BSE - 0.00022% |
NSE - 0.04%,
BSE - 0.001% |
|
Clearing Charges
|
NSE - 0.0004%, BSE - 0.0004% |
NSE - 0.025%, BSE - 0.025% |
|
GST |
18% on Brokerage + Transaction
|
18% on Brokerage + Transaction
|
|
STT |
-
|
-
|
|
SEBI Charges |
-
|
-
|
|
Stamp Duty
|
0.001 % or Rs 10 per crore on buy side
|
0.001 % or Rs 10 per crore on buy side
|
Frequently Asked Questions (FAQ)
5paisa is a safe, reliable, and trustworthy stockbroker. It is among the top 5 discount brokers in India. 5paisa is registered with SEBI, CDSL, BSE, NSE, and MCX, etc. It is audited regularly by the exchanges and has excellent compliance records.
5paisa offers different brokerage plans to its customers. The company offers 3 plans; Power Investor Pack, Ultra Trader Pack and Basic. It charges a fixed brokerage fee which varies as per the chosen plan.
5paisa account opening charges are Rs 0 (Free)
5paisa Demat Account Annual Charges (AMC) Rs. 540 (*charged as Rs. 45 per traded month)
NOTE - per traded month irrespective of the number of trades. So, there will be no charges levied if you do not trade in any particular month. For example, if you Traded 5 times in the month of October then you will be charged a total of Rs. 45+ GST for October.
Yes, 5paisa is India's fast growing discount broker offering investing and trading services in segments including stocks, derivatives (F&O) and currency. 5paisa is promoted by Mr. Nirmal Jain, the founder of well know IIFL group (formally India Infoline). 5paisa is a professionally managed and publicly-traded company listed at BSE and NSE.
The 5paisa mobile trading app offers trading at BSE/NSE and Robo Advisory on the go. It could be downloaded from your Mobile’s app stores. Go to the app store and search for '5paisa' and download the app with the name '5paisa: Stocks, Share Market Trading App, NSE, and BSE'. You can log in using your 5paisa account ID and password. The app can be used to buy stocks, trade-in stock and currency futures & options, invest in mutual funds, ETFs and bonds etc.
For 5paisa Website Platform:
- Login to the website of 5paisa.
- Click on the amount beside Mutual Funds.
- Click on Pay out.
For 5paisa Mobile Platform:
- Login to the 5paisa Mobile App.
- Click on the Menu.
- Trade.
- Funds.
- Click on Withdraw.
The money will be credited within 24 hours of requesting a pay-out.
• PAN Card
• Address Proof (Aadhaar Card preferred)
• Bank Proof
• Income Proof (For derivatives & currency segment)
• Signature (on blank white paper)
NOTE: If bank verification fails, bank proof is mandatory to submit.
To open an A/c online, you just need to follow 4 easy steps:
- Fill in your personal details
- Fill in your Bank details
- Upload your documents
- e-Sign your form
5 paisa do not charge any brokerage. For any segment, 5paisa charge flat fee of Rs. 20 per executed order (Applicable from 01st January, 2020).
Apart from flat fee, statutory charges are levied.
Following are the statutory charges:
- Transaction Charges.
- Securities Transaction Tax (STT).
- Commodity Transaction Tax (CTT).
- Stamp Duty.
- SEBI fees.
Online:
If you are opening an online A/c with 5paisa, then once your documents are successfully verified and e-Sign is done, your A/c will be activated within 1 hour. You would receive a welcome email to your registered email id.
Offline:
If you have applied for offline A/c opening and sent across your application along with the documents, it generally takes 24 hours for your account to be activated. Any discrepancies in the submitted forms or documents would delay the account opening process.