5paisa: Trading & Demat Account, Reviews, Charges: 2020

A successful discount broker in India, 5 paisa provides different trading and investing services across various segments. Its parent company is IIFL that has built a great name in the retail broking industry.

5Paisa: Overview

5paisa Capital Ltd. is a new age company that believes in making the entire process of getting started with trading as simple as possible, offering account opening in three simple steps. One of the leading stockbrokers in India, 5paisa Capital Ltd is publicly-traded, and managed by IIFL founders. This provides the company with valuable 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.

Based out of Mumbai, 5paisa.com commenced operations in March 2016 and since then has become 2nd largest discount stock broker in India (As on Dec 2018). It is listed on both BSE as well as NSE.

The company currently hires 1000+ employees and recorded a daily turnover increase effectively displaying the traits of a quickly growing company. With over 4.75 million app downloads since 2017, it is the country's fastest growing broker.

The brokerage house provides one of the lowest brokerage in the industry. Reluctantly, it currently serves more than 650000 customers, while it had targets to acquire more customers’ pre-COVID. It is still in the top 10 brokers, second only to Zerodha in terms of growth. 5Paisa has been recording a daily turnover of more than INR 40000 crore, a majority of which comes from equity and the rest, mainly from currency. It has been worth mentioning that the growth in number of customer is ver high quarter over quarter, with around 60% of the client base being out of Tier III and Tier IV cities.

5paisa Benefits

1. Low Cost Brokerage: You can save a lot on brokerage costs on all segments. You can pay as low as Rs.10/per trade on all segments. That being said,  you can only avail highly discounted rates in paid subscription plans.

2. Paperless Process: Like most brokers in this segment, 5Paisa offers a completely paperless account opening process. All you have to do is start the process on their website here, which may not look like it, but is a boon in this COVID-19 struck times.

3. All-In-One Account: 5Paisa offers a single account for all your demat needs. That is one account for trading, mutual funds, futures and currencies. Manage all your investments from a single account.

Additionally, ypu can enjoy the following benefits:

  • You can trade in Stocks, Futures & Options and Currencies at the lowest brokerage.
  • Get a Mutual Fund Portfolio customized for your needs from 5Paisa auto-investor.
  • You can avail paid subscriptions at highly discounted rates.
  • Free Online Stock market training is provided through the 5paisa school.
  • 5paisa also has plans to extend its services to trading in commodities and to offer personal loans in near future, and also plans to include products like IPO, NCDs etc.
  • 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!

5paisa: Types of Accounts

Demat Account: This can be used as an all in one trading account for equities, bonds, futures, currencies, etc, or simply just a demat account for your dematerialised assets.

Mutual Fund Account: This account is mutual fund specific. This means you can trade in equities and such markets with this type of account, but it does offer access to all kinds of mutual funds regardless of NAV value.

5 Paisa: Trading Tools

5paisa Mobile Trading App : It has all the neccesssities required out of a mobile trading application, including alerts.

5 paisa Web Trading Platform: This in-browser trading for non-frequent traders, offering basic comprehensive services required for trading.

Trade Station EXE: This is a downloadable application for computer, for daily users and advance traders. This also has a feature of algorithm back-testing and algo-based trading.

5paisa Account Opening Charges:2020

Demat Account Opening Charges₹0 (Free)
Trading Acc Opening Charges₹650
Trading Account AMC₹0 (Free)
Demat Account AMC₹540 yearly (charged as ₹45 per traded month)

5paisa Account Opening Process

You can open a FREE Demat account in an easy manner. All you need is PAN, AADHAR and a bank account number.

Here are 3 Simple Steps to Follow: 1. Fill Your Personal and Bank Details 2. Upload Your documents 3. E-sign your form

Enjoy a paperless account opening process to support your investing and trading activities!

5paisa Account Brokerage Charges: 2020

5paisa :Optimum Plan Brokerage Charges

Plan NameOptimum Plan
Equity Delivery₹20 per trade
Equity Intraday₹20 per trade
Equity Futures₹20 per trade
Equity Options₹20 per trade
Currency Futures₹20 per trade
Currency Options₹20 per trade
Commodity Options₹20 per trade
Mutual Fund

5paisa :Titanium Plan Brokerage Charges

Plan NameTitanium Plan
Equity Delivery₹0 (Free)
Equity Intraday₹10/order
Equity Futures₹10/order
Equity Options₹2/lot
Currency Futures₹10/order
Currency Options₹10/order
Commodity Options₹10/order
Mutual Fund

5paisa :Platinum Plan (₹499 per month) Brokerage Charges

Plan NamePlatinum Plan (₹499 per month)
Equity Delivery₹10/order
Equity Intraday₹10/order
Equity Futures₹10/order
Equity Options₹2/lot
Currency Futures₹10/order
Currency Options₹10/order
Commodity Options₹10/order
Mutual Fund

5paisa Margin/Exposure

5paisa interaday, delivery, F&O, currency and commodity margins/exposure

SegmentTrading Margin
Equity DeliveryUpto 4x
Equity IntradayUpto 20x
Equity FutureIntra-day: 3.5x | Carry forward: 1x (no margin)
Equity OptionsIntra-day: 1x | Carry forward: 1x
Currency FutureIntra-day: 1 time | Carry forward: 1x
Currency OptionsIntra-day: 1x | Carry forward: 1x
Commodity Future
Commodity Options

One of the emerging stock brokering company's in the country, 5paisa has been trusted by traders for all the right reasons. Analyse whether its safe and reliable stock broker for stock trading.

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