What are advantages of opening Demat and Trading account with 5paisa?

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 (3)

    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.

Related FAQs

What are advantages of Opening Demat and Trading account with Groww?

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.

What are disadvantages of Opening Demat and Trading account with Groww?

Although everything the Stock broker offers is fantastic, there are a few downfalls of using Groww. These include the exception of trading in the commodity segment, doesn’t have a savings account in 2-in1 accounts that it offers, popular financial tools such as cover orders bracket order aren’t available, and more.

Is Opening a Demat and Trading Account Safe with Groww?

Yes, opening a Demat and trading account safe is completely safe with Groww. In fact, being an emerging entrant in the stock brokers arena, it's trying to expand its user base quite agressively. And, seeing such new players in the already competitive stock broker hub is really interesting and somewhat beneficial for the traders.

What are advantages and disadvantages of opening Demat & Trading account with Finvasia?

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What are advantages of Opening Demat and Trading account with Paytm Money?

There are plenty of advantages in choosing Paytm Money to open a Demat account and trading account with the stock broker. Some of the advantages include robust trading applications with web integration, 190+ banks supported for an easy transaction, net banking facilities, a low brokerage fee of 20 rupees, etc.

What are benefits of opening Demat & Trading account with 5paisa?

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.

What are disadvantages of opening demat and trading account with 5paisa?

There are some definitive drawbacks when it comes to using 5paisa. These include high brokerage fee, average customer services, the absence of 3-in-1 accounts, and more.

What are advantages of Opening Demat and Trading account with Upstox?

Upstox is a great discount stock broker that provides excellent features at a lower cost. Some of the benefits of using Upstox are margin against shares, free equity delivery, ultra-low brokerage, bracket order, and cover order availability, mutual without any commission fee, excellent trading platforms, and more.

What are advantages of opening Demat and Trading account with Zerodha?

Zerodha was incorporated in the year 2010 by Nitin Kamath, an entrepreneur. The idea behind the firm was to offer high quality services to a huge chunk of population at low cost, and Zerodha is very well known as pioneer of discount model in India.

Can we open demat and trading account without Aadhaar card in India?

Yes, you can open a trading and Demat account without an Aadhaar card but it's not possible to do that in the online method. To open your account without an Aadhaar card, you will have to visit the broker's branch and complete the process there.