5Paisa is one of the leading discount Stock Broking companies with around 5 years of vast experience in trading, mutual funds, insurance, and investment.
Presently, the broking company is registered with the National Stock Exchange of India (NSE), Bombay Stock Exchange of India (BSE), Multi Commodity Exchange of India (MCX), and Metropolitan Stock Exchange (MCX-SX) and allows trading in these platforms.
Earlier, in 2016, IIFL invested $10 million in the 5Paisa capital ltd. Afterward, this discount broker has shown the massive growth in turnover.
Undoubtedly, opening a Demat and trading account with 5Paisa is beneficial for the investors who are looking for taking advantage of the low brokerage charges and advanced trading tools.
Therefore, it is recommended to go through in detail the brokerage and other advantages before opening an account in 5Paisa Capital Ltd.
Services provided by 5paisa Capital Ltd.
The company offers a wide range of trading and investing options to their clients.
- Equity Trading
- Derivative trading
- Commodities trading
- Currency trading
- Mutual Funds
- Initial Public Offers (IPOs)
- Non-convertible debentures (NCD)
- 5 Paisa loans
- Robo advisory
Major achievements by 5paisa Capital Ltd.
With the massive growth in turnover, the company has also achieved many awards. To list out, some of the major are:
- Won “Best Digital Startup of the year” Award
- In 2018, the company is had achieved the No. 2 position in the Discount Broking segment.
- Awarded for the ‘Best Broking Fintech Product at ABP News -BFSI awards’ 2019
- Recognized for ‘Best use of Mobile Technology in Financial Services
Account opening charges Of 5Paisa
|Account opening charges||Onetime Fee Rs. 650|
|Annual maintenance charges (AMC)||Free|
|Account opening charges||Free|
|Annual maintenance charges (AMC)||Rs. 400 per annum|
Brokerage Of 5paisa
5paisa charges highly competitive brokerages with flat brokerage charges of Rs. 20 across all segments.
In view of making the trading accessible for everyone, the company offers the three subscription Brokerage plans, i.e. Optimum, Platinum, and Titanium. The charges are as follows:
|Optimum Plan||Platinum Plan||Titanium Plan|
|Subscription Fee||Free||₹ 499/ month||₹ 999/month|
|Brokerage (Flat fee)||₹ 20/order||₹ 10/order||Equity Delivery-Free, |
Other segments – Flat ₹10/order
|Maintenance Charge||Rs.45/ Traded Month||Free||Free|
|DP Transaction Charges||Rs.12.5||Free||Free|
|Pay In charges||Rs.10||Free||Free|
|Call-N-Trade||Rs.100 per call||Free||Free|
|Direct MF Investment Charges||Free||Free||Free|
|Research Advisory||Not Available||Free||Free|
|Swing trader||Not available||Free||Free|
5paisa Capital Ltd. Margin
5paisa Capital Ltd. has its own margin calculator that will help you to calculate the margin requirements for cash, options, and futures trading.
|Intraday trading||Upto 20x|
|Delivery trading||Upto 3.5x|
|Equity and Index futures||3x|
5paisa Capital Ltd. Trading Software/Apps
5Paisa Trade Station
This is the browser-based platform that is available on selected browsers, i.e. Internet Explorer, Chrome, and Mozilla Firefox.
It is a powerful platform for the fast execution of trades without any delay. The best thing about 5paisa Trade Station is its intuitive design, which offers all trading and market details at a single window so that users can focus properly.
Features of 5Paisa Trade Station:
- Advance charts for technical analysis
- Portfolio tracking
- Real-time data analysis
- Invest in Mutual funds and insurance plans
- Get research calls and daily trading tips
5Paisa Algo Trading
Algo trading is an automated platform that will execute your strategies. This is one of the newest concepts introduced by 5Paisa that requires uploading the pre-determined data.
In short, the software will analyze the data and determines the opportunities on its own and carry on the market analysis.
However, the Algo trading platform is suitable for traders who have vast experience in the market and have their own strategies to run automatically through the software.
Features of 5Paisa Algo Trading:
- Popular pre-loaded Algos
- Create own personalized strategies
- Live paper-trading for testing strategies
5Paisa Mobile Trading App:
Having a mobile app is the most convenient way to trade from anywhere. The app has tons of features you need to trade daily.
Compared to other platforms, the 5Paisa team has claimed 70% of its users perform a transaction through the mobile trading app instead of a website.
Features of 5Paisa Mobile Trading App:
- You can access your trading, investment and mutual funds account at a single platform.
- The app shows the live market updates, multi-asset live watchlist for better analysis.
- Decent performance with good execution speed
Smallcase is like a basket of the stock that includes diversification with lower risks. Following the concept of lower risk, this platform recommends you some specific stocks based on industry, volatility, and based on other relevant fundamental analysis. Once you have created a portfolio, thereafter, you can keep an eye at regular intervals.
Features of 5Paisa Smallcase:
- Buy multiple stocks with 1-click
- Track your portfolio
- Invest through SIPs
- Zero management fees
It is basically a stock marketing learning platform to gain knowledge about the market.
The curriculum has various courses related to markets such as the equity market, technical analysis, Mutual funds, derivates, and many more.
In addition, there are many blogs on their website that are updated regularly.
5Paisa offers multiple communication channels for customer support which includes Email, phone calls, as well as social media.
Advantages of 5paisa Capital Ltd.
- Paperless account opening within minutes
- Zero brokerage
- Flat fee per order
- Offer research tips and calls
- The benefit of 5Paisa Partner Program
- Backed by a heavyweight Brand IIFL
Disadvantages of 5paisa Capital Ltd.
- Limited margin
- NRIs can’t invest in 5Paisa MFs
5Paisa Partner Program
The Company offers a 5Paisa partner program in which you can become the partner with the broker and earn the rewards up to Rs. 300 by referring clients. Thus, it gives you a chance to get rewards directly in your bank account.
To summarize, 5Paisa is growing very well with its advanced algorithm tools. Therefore, it is an excellent platform for those who have already good knowledge about trading and looking for low-cost trading services.
Moreover, it offers an abundance of features to provide ease, convenience, and flexibility to end-users. The thing to be considered is that broker doesn’t provide NRI trading.