5Paisa Review 2020 | 5paisa Stock Trading, Demat, Brokerage and Reviews 2020

I am going to share my views about the discount broker 5Paisa, as I have opened my trading account with them and have been associated with them from the past 1 year. 5Paisa is one of the best discount broking company in India, it is backed by a leading financial service company IIFL. In the past 2 years they have done really well and have also been awarded with the digital startup company 2018.

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1) Registration and account opening: The process is really fast and easy, paperless account opening process if your number is linked with your aadhar card.

2) Charges- discounted brokerage of Rs 10 on all kind of transaction therefore traders can earn some more money by saving their brokerage charge

3) Customer support- Excellent customer service with knowledgeable executives and prompt solution to the problems faced.

4) Research and advisory – Being a discount broker they still have their advisory and research team, which is very helpful.

5) 5P School- They have 5P school which is completely free of cost and helps in brushing up some basic concepts with regard to stock markets.

Overall I am very happy with the company.

Is 5paisa com safe?

5paisa is a safe place to store your stock market investments, transact shares online and keep any funds in case of margin requirements. Most of their platform is digital, with technological driven solutions, in keeping with all the necessary safety standards in place.

5paisa is a leading stockbroker in India. 5paisa Capital Ltd is a publicly-traded and professionally managed company promoted by IIFL founders. 5paisa.com started operations in March 2016 and became 2nd largest discount stock broker in India by Dec 2018. It is listed on BSE and NSE.

5paisa online trading is available in equity, commodity, and currency at BSE, NSE, and MCX. It is a flat rate discount stockbroker. It charges flat 20 Rs brokerage irrespective of the size of the trade, segment or exchange. It also offers 5paisa prepaid plans i.e. Optimum Plan, Platinum Plan and Titanium Plan. Customer pays further lower brokerage in platinum and titanium plans for an additional fixed monthly fee.

5paisa Mutual Funds offering include both Regular as well as direct mutual funds. 5paisa change flat Rs 10 per executed order for online mutual funds investment. An investor can invest in lump sum or through SIP.

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Account Types

  1. 5paisa Trading Account5paisa is India’s fast growing discount broker offering investing and trading services in segments including stocks, derivatives (F&O) and currency. 5paisa is member of BSE and NSE. 5paisa trading account is backed by the experience and technology developed by its parent company IIFL for over 20 years in retail broking industry.5paisa.com offer trading services under a simple brokerage plan. Customers can trade across the segments for a flat rate of ₹20/order in Optimum Plan and ₹10/order in Platinum Plan and Free Equity Delivery in Titanium Plan. This brings saving up to 90% in comparison to traditional brokers who charge brokerage fee in % of the total turnover.5paisa trading account is well integrated with other products they offer including mutual funds, etf, bonds and insurance.
  2. Mutual Fund AccountOnline Mutual Funds Investment Account is a key offering from 5paisa. You can open just a Mutual Funds Investment Account with 5paisa for free of charges.5paisa also offers Systematic Investment Plans (SIP), an automatic periodic investment option in stock market though mutual funds.The ‘Auto Investor’ tool is available free of charge to its customer which helps with online MF advisory. This tool help in choosing the right funds based on their risk profile and return expectations.

5paisa Brokerage Plans 2020

 Optimum PlanPlatinum PlanTitanium Plan
FeeFree₹499/ month; ₹4,444/ year₹999/ month; ₹8,888/ year
Brokerage₹20/orderAll segments-₹10/order, Equity Options- ₹2/lotEquity Delivery-Free, Equity Options- ₹2/lot, Other segments- flat ₹10/order
Maintenance Charge₹45/ Traded MonthFreeFree
DP Transaction Charges₹25 or 0.025%FreeFree
Pay In charges₹10FreeFree
Call-N-Trade₹100/ callFreeFree
Direct MF Investment Charges₹20FreeFree
Research AdvisoryNot AvailableFreeFree
Free TradesNANAFree 100 trades per month maximum of ₹1000
Dedicated Customer SupportNAFreeAvailable

5paisa Charges 2020

5paisa Account Opening Charges & AMC

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

5Paisa Trading Brokerage Charges

SegmentBrokerage Fee
Equity Intra-day₹20 per trade
Equity Delivery₹20 per trade
Equity Futures₹20 per trade
Equity Options₹20 per trade
Commodity Futures₹20 per trade
Commodity Options₹20 per trade
Currency Futures₹20 per trade
Currency Options₹20 per trade
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