5Paisa Review, Special Offers, Demat, Trading A/C and Brokerage

5Paisa is a full functional and widely known brokerage houses from Mumbai. And, they’re serving their clients across various financial advisory domains since 2007.

They’re a company who prefers the use of a mixed business approach. And, by mixed we mean the combination of conventional and new age advisory means.

Today, we’ll be focused on reviewing them as per their several business aspects. And, our review will answer all of your doubts about them.

Find detailed 5Paisa Review below

5Paisa Highlights
Broker TypeDiscount Broker
Demat Account AMCRs.400 per Annum
Margin RequiredZero
Intraday BrokerageRs.10
Delivery BrokerageRs.10
ExposureUpto 35x

5 PAISA OFFERS


What do you know about 5Paisa?

As far as the inception of 5Paisa is concerned, they were established in 2007. And, the credit for their mere existence goes to Nirmal Kain and Rajamani Venkataraman. In fact, it was their efforts that brought recognition for 5paisa so quick.

They initiated their operations from their Mumbai based headquarters. The firm initiated their work as a full-service financial broker. However, with time they even entered the domain of financial franchisee.

And, now they serve their clients together with their several business partners. In fact, they’ve even come up with many innovative brokerage plans. And, that’s why they’ve become a favorable name among the discount brokers in a short span of time.

About 5Paisa 
Know few details about 5Paisa 
Which type of Company is it? – Public / PrivatePublic
Which type of Broker is it? – Full Service / DiscountDiscount Broker
Where is the registered office of Company Located?Mumbai, India
Who is the Founder of this Company?Nirmal Jain & Rajamani Venkataraman
When did the company started?2007

 


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What are the various Demat Account Opening Charges levied by 5Paisa?

If you’re looking forward to 5Paisa demat account, then here’s all you need to know. You can pay off all the charges related to account opening through CDSL. They charge Rs. 650 for for the sake of demat account opening.

Rs. 400 per annum is charged as the AMC of a demat account. However, no charges are incurred for the sake of maintaining a trading account.

Furthermore, the company even does not ask the clients to have any initial margin money balance. Nevertheless, you will be disappointed if you’re seeking services related to dematerialization.

5Paisa Demat Account Opening Fees
Check out the various fees charged for Opening a Demat Account with 5Paisa 
Which is the Depository Participant involved?CDSL
What are the Demat account opening charges?Rs.650
How much is the Demat AMC?Rs.400 per Annum
What is the Trading AMC?Free
What is the initial Margin amount required?Zero
Is dematerialization available?No

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Does 5Paisa provide any Offers to their Clients?

It’s become a trend within the financial services industry to grant several offers. These offers help the companies to acquire more clients with ease. And, these even help the clients with their investments.

Nevertheless, 5Paisa does not offer many services to the clients unlike their competitors. 5Paisa offers merely include two services. We’re referring to a free trading account opening provision and discount on overall brokerage.

5Paisa Offers
Here are the various offers provided by 5Paisa 
Does the broker provide Free Demat A/C offer?No
Does the broker provide Free Trading A/C offer?Yes
Is this broker offers Discount on Brokerage?Yes
Does the broker offer Happy hour trading to their clients?No
Is the broking house provides flexible brokerage plan?No
Does the broker offer 1 month Free brokerage?No
Is the Holiday offers provided by the broker?No
Are there any referral offers shared by the broker?No
Zero Brokerage for Loss Making TradesNo

What are the Brokerage Charges levied by 5Paisa on various Segments?

5Paisa charges are the most interesting aspect about the company. In fact, this part even formulates the most important part of this article.

As you’ll be able to see in the table mentioned below, the minimum required brokerage charge as posed by them is Rs. 10. So, basically here’s what they charge from their clients for the services they render: –

  • They seek a charge of Rs. 10 for Equity Delivery services.
  • seek a charge of Rs. 10 for Equity Intraday services.
  • They seek a charge of Rs. 10 for Equity Futures services.
  • seek a charge of Rs. 10 per lot for Equity Options Services.
  • They seek a charge of Rs. 10 for Currency Futures services.
  • seek a charge of Rs. 10 per lot for Currency Options services.
  • They seek a charge of Rs. 400 per annum for Demat Account AMC.
5Paisa Brokerage Charges 
Here you will find details of brokerage levied by 5Paisa on all segments
What are the Equity Delivery Charges?Rs.10
What are the Equity Intraday Charges?Rs.10
How much brokerage charged for Commodity Trading?NA
What is the brokerage on Equity Futures?Rs.10
How much brokerage charged for Equity Options?Rs.10 per Lot
What is the brokerage on Currency Futures?Rs.10
What is the brokerage on Currency Options?Rs.10 per Lot
How much is the Minimum Brokerage requires?Rs.10
What is the Demat AMC?Rs.400 per Annum
How much is the Trading AMC?Free
What is the Minimum Margin Required?Zero

Does 5Paisa levy any other charges apart from Brokerage?

We’ve told you about 5Paisa charges. However, you must be interested to know if there are any other charges involved. So, here’s a list of all the charges they incur for the services they grant other than brokerage: –

  • They levy a charge of 0.00325% on total turnover. This is incurred for the sake of transaction charges.
  • Levy a charge of 0.0126% on total turnover. This is incurred as Securities Transacton Charges.
  • They levy a charge of 0.0002% on total turnover as SEBI Turnover Charges.
  • Even levy GST on the overall sum of brokerage and transaction charges. This is levied at 18% of the same.
  • The broker even incurs certain Stamp Duty based on the requirements of the state. However, this amount is rather minimal.
5Paisa Charges
Get deep understanding of all other charges levied by 5Paisa 
How much is the Transaction Charges levied?0.00325% of Total Turnover
What are the STT charges?0.0126% of Total Turnover
What are the SEBI Turnover charges?0.0002% of Total Turnover
How much is the Stamp Duty levied?Depends on State (very minimal)
How are the GST charged?18% of (Brokerage + Transaction Charges)

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What is the Limit or Exposure offered by 5Paisa?

5Paisa offers one of the best trading exposures in the entire industry. In fact, this is one of the biggest reasons for their swift success. Here’s the complete list of exposures they grant: –

  • They grant an exposure of upto 5 times on Equity Delivery.
  • Grant an exposure of upto 35 times on Equity Intraday.
  • They grant an exposure of upto 8 times on Equity Futures.
  • Grant an exposure of upto 12 times o Equity Options.
  • They grant an exposure of upto 6 times on Currency Futures.
  • Grant an exposure of upto 10 times on Currency Options.
  • They grant an exposure of upto 10 times on Commodity Trading.
5Paisa Exposure or Leverage
Here you will find the exposure or limit provided by 5Paisa 
How much is the limit on Equity Delivery?Upto 5x
What is the limit on Equity Intraday?Upto 35x
How much is the limit on Equity Futures?Upto 8x
What is the limit on Equity Options?Upto 12x
What is the exposure on Currency Futures?Upto 6x
How much is the leverage on Currency Options?Upto 10x
What is the limit on Commodity Trading?Upto 10x

How to Open 5Paisa Demat & Trading Account?

Now, we’ve shared the basics of 5Paisa’s charges and origin. And, you even might want to register an account with them. However, there are a few steps involved before you can open 5Paisa demat account. Don’t worry though, it’s simple. All you need to do is follow in the steps as mentioned below: –

  1. You need to find a button at the end of this section. The button you’re looking for will have ‘Open Demat Account’ inscribed on it.
  2. You need to click on that button.
  3. Once you do that, you’ll be redirected to a new page consisting of a certain form.
  4. The form will include some instructions and blank spaces. Go through all the instructions in the from and fill it up.
  5. You must be able to verify all the information that you fill up within the form.
  6. Next step will be to upload the form with certain other documents. These documents are required to verify your age, address, identity and income. Therefore, you need to upload a copy of the following: –
    • 1 photograph
    • Your Aadhaar Card / Voter’s ID Card / Driving License
    • Your PAN Card
    • Image of your bank account’s updated pass book
  7. Next, you’ll receive a call from one of the company’s representatives. This person will guide you through any further formalities involved.
  8. You’ll receive access to your Trading/Demat account within a couple of hours.

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What are the various Trading Platforms provided by 5Paisa?

5Paisa proudly claims to be India’s 2nd largest discount broker. And, claim has a lot to do with their trading platforms. Here’s a description of all the 5Paisa trading platforms: –

5Paisa Mobile Trading App

Their mobile application has been designed to work on both Android and Iphone devices. You can get the apps from Google’s Play Store as well as Apple’s App Store.

The concept behind this trading application is rather simple. It’s desgned to enable you the trading and investing facilities at your fingertips.

5Paisa Web-based Platform: 5Paisa Trade Station Web

This is even known as the Trade Station Web. This is an advanced user-friendly online trading platform. The best part about this application is that you don’t need to install it on your system.

It completely functions based on the operations of a web browser. And, the impeccably smooth and simple UI grants the users a hassle free experience.

It’s developed to provide great experience even in low band width. This means that it can be used even in areas with poor internet facility.

5Paisa Trading Terminal: 5Paisa Trade Station EXE

This application is widely known as Trade Station EXE. And, as the name suggests, you can install it on your computer.

It’s designed and developed for granting speed and flexibility to traders. Moreover, the application comes integraed with lots of advanced features.

5Paisa Algo Trading

This is an highly advanced form of automated trading platform. It uses the market data to trade as per pre-defined trading parameters. It’s meant to be used by the trading professionals who want to automate their strategies.

5Paisa Trading Platforms
Here you will find all the important trading platforms available with 5Paisa 
Do they have Trading Terminals for Windows?Yes
Do they have Trading Terminals for Mac?Yes
Are they providing Web Trading Platform?Yes
Do they have Mobile Web Platform?Yes
Does this broker provide Mobile Trading App for Android?Yes
Does this broker provide Mobile Trading App for iOS?Yes
Are they having Mobile App for Windows OS?No
Do they have Mobile Trading App for Other OS?No

What are the features available in 5Paisa Trading Applications?

5Paisa has given special attention to the development of their trading platforms. They specifically have designed four of them. And, each own is distinct in terms of features and functionality. Here’s the complete details of them all: –

5Paisa Mobile App Features

  • It is available in Android and iOS compatible versions. So, you can easily get from Google’s Play Store or Apple’s App Store.
  • The UI of this application is really simple. In fact, it can be used by both traders and investors.
  • It comes integrated with a feature called the Auto-Investor. This allows the users to select pre-defined investment plans based on their specific goals.
  • It grants real time trade execution with merely one click. So, there is no chance of missing out on the market.
  • It’s design enables the users to execute detailed analysis. This is possible due to the presence of various multi-asset watch lists and charts.

5Paisa Web Tradng Platform – 5Paisa Trade Station Web Features

  • It is an innovative trading platforms that enables remote trading and investing. Moreover, the users do not require to install it to their systems. In fact, it functions based on a web browser.
  • It is compatible with multiple versions of Google Chrome, Apple Safari and Mozilla Firefox.
  • It come integrated with a feature called the consolidated view. This enables users to get a glimpse of their portfolios, positions and holdings. And, all can be accessed all at once.
  • It has an intuitive built. This means that the simple user friendly interface is understandable to all. Even the newbie traders can get really comfortable while using it.
  • It comes integrated with advanced charts and analytical tools. This helps to easily analyse the stocks with detailed scrip information.

5Paisa Trating Terminal – 5Paisa Trade Station EXE Features

  • This is a executable application that needs to be installed on computers. You can get the EXE file from their official website.
  • The application grants lightning fast trade execution.
  • It comes integrated with high end security features. This helps to safeguard the transaction and trade related data.
  • It allows the users to create custom wish-lists based on personal preferences.
  • The application grants easy and instant fund transfers. This eases the trade functions for the users.
  • Like all other 5Paisa trading platforms, even this boasts a simple UI. This helps the users to easily access all the functionalities.
5Paisa Trading Application Features
Here you will find various features available in Trading Platforms provided by 5Paisa 
Are these platforms capable of Real time Updates?Yes
Do these Applications provide Portfolio Details?Yes
Are this software’s providing Online MF Buy?Yes
Do these platforms have News Flash?Yes
Are these platforms providing Research Reports?Yes
Are these platforms Easy to Install & use?Yes
Do these Apps have Global Indices?Yes
Are these platforms having Stock Tips?Yes
Do this software’s provide Personalized Advisory?Yes
Are these platforms capable of Interactive Charting?Yes
Do these Apps provide Live Markets data?Yes
Do they provide SMS Alerts?Yes
Are they providing Email Alerts?Yes
Do these platforms has Multi Account Management solution?Yes

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What are the various Products provided by 5Paisa?

Here’s a list of all 5Paisa Products that you can access: –

  • Equity Trading
  • Currency Trading
  • Options Trading
  • Futures Trading
Products
Here are the various products provided by 5Paisa 
Does the broker allow Equity Trading?Yes
Does the broker allow Commodity Trading?No
Do they have Currency Trading product available?Yes
Do they provide Options trading?Yes
Are the clients allowed to trade in Futures?Yes
Do they have Mutual Funds as product?No
Does the broker allow Forex trading?No
Does the broker have Banking products?No
Is SIP allowed by the broker?No
Do they have Insurance as a Product?No

What are the various Services offered by 5Paisa?

The list of all 5Paisa services can be concluded within: –

  • They provide Demat and Trading Services.
  • 5Paisa provide Intraday Services.
  • They provide IPO Services.
  • They even provide Robo Advisory services.
  • In fact, they provide a trading exposure of upto 35 times.
Services
Check out the various services provided by 5Paisa 
Does the broking house provide Demat Services?Yes
Does the broking house provide Trading Services?Yes
Do they have 3 in 1 Account i.e. Demat, Trading & Savings A/C?No
Do they provide Intraday Services?Yes
Are they offering IPO Services to the client?Yes
Do they have Stock Recommendations available?No
Are they providing tools for Robo Advisory?Yes
Does the broker provide PMS?No
Do they have Trading Institution available?No
What is the Trading Exposure this broker provides?Upto 35x

Does 5Paisa provide Research & Advisory to their clients?

There is not much about 5Paisa research based services. In fact, they only grant advisory on top picks.

Research, Advisory & Stock Tips
Here are the various research activities done by 5Paisa 
Does the broker shares Fundamental Reports?No
Does the broker shares Research Reports?No
Do they provide Company Reports to their clients?No
Are they analysing Annual Reports of Companies?No
Do they share Company Stock Review?No
Are they sharing Free Stock Tips to their clients?No
Do they analyze & share IPO Reports?No
Does the broking company provide Top Picks?Yes
Are they sharing Daily Market Review?No
Do they have Monthly Reports?No
Does the broker provide Weekly Reports?No
Are they having Offline Advisory?No
Do they provide Relationship Manager to clients?No

What are the Customer Care details of 5Paisa?

Customer care services are the backbone of a strong and reliable discount broker. However, 5Paisa customer care services are rather confined to a few. Here’s the list to what they grant: –

  • They facilitate online trading through many platforms.
  • They provide the clients with 24*7 support.
5Paisa Customer Support
Let’s have a better understanding of Customer Care Service of 5Paisa 
Are they providing Dedicated Dealer to their clients?No
Do they allow Offline Trading?No
Do they have facilities for Online Trading?Yes
Are they providing 24*7 Support?Yes
Does this broker provide Email Support?No
Is this broker having Chat Support?No
How many Branches the stock broker has?Zero

Are there any Complaints filed against 5Paisa by their clients?

5Paisa has satisfactorily served most of their clients. However, there still were a few complaints against them last year.

They faced 103 and 127 complaints within BSE and NSE respectively. However, 99 and 122 out of those were readily resolved.

Complaints
Here you will know about the Complaints lodged against 5Paisa 
What is the total number of Complaints Lodged in BSE?103
How many of these complaints have been Resolved in BSE?99
What is the total number of Complaints Lodged in NSE?127
How many of these complaints have been Resolved in NSE?122

What are the Advantages / Benefits of 5Paisa Trading Account?

Having a 5Pasia trading accounts comes with many benefits. Here’s the list to some of them:

  • They grant upto 35 times exposure on trading across different domains.
  • Their trading platforms boast a simple yet effective UI.
  • They allow the users to trade in a wide variety of products.
  • 5Paisa even allow trading across all major exchanges.
  • They do not seek any AMC for maintaining trading accounts.
  • They grant easy and integrated bank transaction for all of their platforms.

What are the 5Paisa Review & Ratings as per their Customer?

As per 5Paisa Review, they have gained a total of 8.2/10 for their performace. And, anything above 5 is really acceptable. They basically have been rated as follows: –

  • 4.0/10 for research and broking advisory.
  • 9.8/10 for their brokerage and other relevant charges.
  • 6.0/10 for all the products they provide.
  • 7.0/10 for their trading platforms.
  • 7.0/10 for their trading business experience.
Ratings & Reviews
We are looking at Companies Ratings on various parameters
Stock Market Research & Broking Advisory4.0/10
Brokerage & other Charges like – Turnover, Transaction Charges etc.9.8/10
Types of Products & Services the Brand provides6.0/10
Performance Mobile App, Trading Terminal & Web Trading Platform7.0/10
Experience in the Broking Business7.0/10
Total Avg. Rating of Broking House6.2/10
Star Rating of given to Stock Broker★★★☆☆
Number of People Contributed to these Ratings667

 5Paisa Conclusion

We’d like to conclude by stating that 5Paisa definitely is the 2nd largest discount broker in India. And, their performance as a discount broker on the whole is pretty satisfactory.


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