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.
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.
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
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.
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.
5 paisa is known for giving good brokerage plans and lucrative margin rates. It really depends on what points one is looking for. I choose to go for Upstox because they had an overall good package which made both monetary and technical sense.
5paisa seems an average stock broker. I feel Zerodha is far better for carrying on trading activities.