What are advantages of opening Demat and Trading account with 5paisa?
- Asked By
- Updated On:05-Mar-2021
- Replies:3
Short Answer
5paisa is a new age company that believes in making the entire process of getting started with trading as simple as possible. It operates on the principle of self-investment and provides low brokerage services.
Detailed Answer
The company 5paisa's experience in the financial markets coupled with its expertise in simplifying the trading experience has enabled it to offer best-in-class services at an extremely low cost. The company currently has 350 thousand + happy customers, hires 1000+ employees and had recorded a turnover of more than INR 250 million. With over 3.25 million app downloads since 2017, it is the country's fastest growing broker.
Why 5Paisa? Benefits to Follow
1.You can save a lot on brokerage costs on all segments.
2.Completely paperless and hassle-free account opening process.
3.You can manage all your investments from a single account.
4.Get All-in-one Demat account that allows you to enjoy Mutual funds, insurances, and personal loans.
5.Trade in Stocks, Futures & Options and Currencies at the lowest brokerage.
6.You are charged a flat fee of Rs.10/per trade on all segments.
7.Get a Mutual Fund Portfolio customized for your needs from 5Paisa auto-investor.
8.You can avail paid subscriptions at highly discounted rates.
To add to these, they have recently introduced pay per use Annual Maintenance Charges (AMC). So, you will be charged only in the month you trade. And, that's really interesting and convenient too!
For a detailed latest view, you may also explore 5paisa Demat and Trading account
Advantages of Demat & Trading Account Opening with 5Paisa
1.Low Brokerage charges - Rs.20 flat per trade in all segments, excluding GST charges.
2.A Free Demat account opening.
3.User friendly Mobile app and website for trading.
4.Second largest discounted brokerage company.
5.The parent company is IIFL.
6.All in one account for shares trading, mutual funds, insurance, etc. A one stop solution for your investment and trading needs!
7.Avail personal loans, mutual funds and other products of 5Paisa by opening an account with them.
8.Free Online Stock market training is provided through the 5paisa school.
For a complete and more exclusive information, you may have a look at the complete 5 Paisa Review.
You read some of the important details about 5paisa, one of the leading discount brokers in India. Do share your feedback and experiences with any of the stock brokers.
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Discussion (2)
5paisa seems an average stock broker. I feel Zerodha is far better for carrying on trading activities.
You might have read about different stock brokers in India. Here I'll review two of the most popular discount brokers in India: 5Paisa v/s Zerodha Comparison.
As online trading is getting popular every day, it is becoming even more important to choose the right trading platform. Choosing the best trading platform can give you more flexibility to trade in the various trading market.
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Yes, now you can easily invest in stocks through the Groww App. It is a popular discount stock broker firm in India who recently expanded its services to the the stock broking arena. It allows traders to invest online without any subscription fees, transaction charges or any other charges.
If you're looking for a straightforward and comprehensive take on options trading, then Sensibull should do the job perfectly. However, if you're and expert and want more complex trading tools, then Opstra is the one to choose.
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Zerodha and Groww are both good players in the Discount Broking space but both have some differences. Zerodha has the largest client base and is the most trusted Broker in India whereas Groww is one of the fastest-growing Discount brokers. Both offer different features to their clients which is discussed in detail below.
5paisa happens to be the second largest stock broker in the country that offers plenty of benefits and features through its Demat and trading account. Some of which include low brokerage charges of 20 rupees, paperless account opening, free trading tools, research and trading advice for free, and much more.
Bangalore based online discount broker Groww was found in 2016 and provides plenty of trading and investment opportunities. Users can invest in mutual funds, currency, derivatives, equity, and more. the investment opportunities are backed with guidelines set by NSE, BSE, and SEBI.
Tuhin Chakraborty
I used 5paisa, when I was starting out trading and I was just learning the process. Even though the 5paisa app is really good but for more advanced features other trading platforms should be preferred.