5Paisa Review This is an app-based, fastest growing discount brokerage company. It was named the digital start-up of 2018 in 2018. It is a leading brokerage company in India and charges flat 20 rupees per trade. This has revolutionized the industry.
It is the sister company to IIFL, an experienced and technically advanced company. India Infoline has been in the broking business for over 20 years.
5Paisa Review 2022
5 Paisa, a public limited company founded in 2016, has its headquarters in Mumbai. It offers investment in Mutual Funds and Initial public Offers; trading in commodity, equity, and currency segments on NSE, and other platforms.
All Insurance packages, including term insurance, car and health, are available under one roof. Users do not need a separate 5Paisa Demat Account to use this site. They can instead use an already created Demat account that has been linked to 5Paisa.
5Paisa works on computers and mobile devices. Here, users can open Demat Account for free. They charge Rs. 50 for opening a trading account. For maintenance, Rs.650 After a year, 400 is added to your annual bill.
5Paisa’s most appealing feature is its flat, nominal brokerage fee of Rs.10 for all trade values. If the investments are long-term, there is zero brokerage. Customers love this feature because it means lower brokerage and higher profit margins.
5Paisa Brokerage
5Paisa is a brokerage that saves investors money. It also offers Systematic Investment Plans, which are an automated option that allows mutual fund investing.
Annual subscription packs are also available. These plans can be subscribed for as low as a rupee. You can subscribe to 5Paisa plans using the mobile app or the official 5Paisa website. The subscriber package is as follows:
- Optimum Plan: This plan does not have a fee, but charges Rs. brokerage. 20 per order. Other charges may also be levied upon users, such as Maintenance charge, DP Transaction Charge, and pay in charge.
- Platinum plan: Rs. 499 per month, or Rs. 499 per month or Rs.
- Titanium plan: A fee of Rs. 999 per month or Rs. 8888 per annum is charged in addition to the brokerage flat rupees 10 per purchase. 5Paisa Review
The annual maintenance fees for Demat are based on the following: 5Paisa Review
- Optimum plan – Rs. 45 per month traded.
- Platinum Plan – No Charge
- Titanium Plan – No Charge
5Paisa staff claim that 5Paisa charges a lower brokerage than any other broking company.
5Paisa brokerage fees under different plans are as per
| Transaction | Optimum Plan | Platinum Plan | Titanium Plan |
| Stock Delivery | Rs. 20 per order | Rs. 10 per order | No cost |
| Stock Intraday Trading | Rs. 20 per order | Rs. 10 per order | Rs. 10 per order |
| Stock Futures | Rs. 20 per order | Rs. 10 per order | Rs. 10 per order |
| Stock Options | Rs. 20 per order | Rs. 10 per order | Rs. 10 per order |
| Currency F&O Trades | Rs. 20 per order | Rs. 10 per order | Rs. 10 per order |
5Paisa offers many benefits, including easy and 24/7 access to high-class technology that can be used on websites, mobile applications, and even desktops.
It allows for quick and easy digital accounts that can be linked to Aadhar, Unique Identification Authority of India, along with an electronic signature. This means there is no need to carry paperwork or run around from one place to the next to open an account.
Investors can also invest in Initial Public Offerings (IPOs), Bonds and other investment options. Online insurance applications are also possible. You can apply online for term, life, health, and auto insurance. It also launched its commodity trading under MCX, which is a multi-commodity exchange.
With trading facility in currency segments and equity, there are almost no stock delivery fees. Future options also offer future options. There are no restrictions on the order size and all charges are clearly stated. This means there are no hidden fees.
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5Paisa Review – Margin / 5Paisa Leverage & Exposure
| Category | Margin |
| Intraday Equity Trading | Maximum 4X |
| F&O Exposure Intraday | Maximum 5 times |
| Exposure to Option Writing | On normal days, 4 times and 6 times respectively; on expiry days, 6 times |
| Futures Currency | One time |
5Paisa Review – offers two types of account:
1. All in one account: This account offers both a Demat and share trading account online. Transactions are easy and seamless. This account is two-in-one and allows you to access Robo advisory as well as investment in Mutual Funds.
2. Mutual fund investment account: This account can only be used to invest in mutual funds. This account is not available for trading or Demat accounts and is completely free. Auto Investor is available to the customer or user. It allows for better recommendations based upon income, objectives, and risk. This will help in building a strong portfolio.
5Paisa also offers marginal funding. The customer must activate the marginal funding service to be eligible. This will provide trading days + 90 days for the customer, which is significantly longer than the non-marginal option that is trading days + 6 day. 5Paisa offers a margin between 3 and 10 for intraday trading, as well as a margin for trading in delivery.
5Paisa platform can be used as a desktop-based platform or a web-based platform. It also has a mobile app. Customers can access many features such as historical charts and charting tools, livestock tips or quick broadcasts, analysis, and more. The 5Paisa mobile-based app is available from the Google Play Store, the Apple store, or google.
5Paisa also offers other trading platforms, such as Trading, which is based upon predefined parameters. This swim trader consists of technical analysis and fundamental analysis for short-term equity, smart investors, and allows you to buy and sell stocks in stock markets where around 4000 companies are available.
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How do I open an account at 5Paisa.
You can easily open an account online by downloading the application form, filling in the details and attaching your Aadhar card. The account can be opened online in a matter of days.
5Paisa customers and long-term users have given different ratings to the application, such as 7.8 for experience, 8.4 in trading platform, etc. It has a rating overall of 8.38 and a rating of 4 stars. The brokerage fees received the highest rating of 9.5 out 10 due to their flat and minimal charges.
There are two sides to the coin, so there are negative aspects of this 5Paisa-company which are listed under:
- The Demat debit transaction fee is high at Rs. 25 for the optimum plan.
- There are high transaction fees in exchange compared to other brokers.
- Additional cost of Rs. 100 is required to use the call and trade option.
- The optimum plan doesn’t offer its customers research or advice Robo service.
- It does not offer non-residential Indian trading services.
- Customers also complain about poor communication and many complaints against 5Paisa trading.
Let me end by saying that 5Paisa is a discount brokerage company that is rapidly growing with an 8.38 client rate. 5Paisa should only be joined by traders who have sufficient trading knowledge.
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The investment group users are not as happy with the service. They don’t have an offline service for advice and queries and everything is dependent on what the machine knows. It is great for traders. We hope you found this review helpful.