5paisa Review: 5paisa was established in 2016 and it is a well-known discount brokerage service provider in India as a subsidiary of IIFL. 5paisa provides a Demat account facility as a depository participant membership with CDSL (Centra Depositary Services Limited).
What is 5paisa?
5paisa is an Indian online stock trading and investment platform, where we trade and invest in equity, derivatives, commodities, Currency, mutual funds, and the US stock market. 5paisa provides wealth management services and loan facilities too.
It offers a user-friendly trading interface for buying and selling share markets with a flat brokerage rate. It charges flat Rs 20 per trade brokerage. Remember per trade not volume or value of trade, exchanges, and segments.
What is the 5paisa account opening charge for 2023?
5paisa provides a Demat account facility as a depository participant membership with CDSL (Centra Depositary Services Limited). 5paisa provides free-of-cost demat accounts and trading accounts.
5paisa demat account opening charge is 0.
5paisa trading account opening charge is 0.
Web Stories Of 5paisa
Types of Accounts In 5paisa Review 2023
5paisa provides regular demat accounts and trading accounts. 5pasia also provides a Basic Services Demat Account (BSDA) which is a low-cost option for investors who have securities holdings below INR 2 lakhs. It offers limited features compared to a regular demat account.
Youngvestor, Plusone, and Corporate are three special demat and trading accounts for Indian share market traders.
Youngvestor: 5paisa special demat and trading account for youngster (Ages between 18-23) with Zero brokerage on intraday, equity, mutual funds, Zero account opening charge, and Zero AMC. Everything zero.
Plusone: You are married and you have a 5paisa account Pluone Demat and trading account facility only for you. You can open your husband or wife with zero account opening charge, zero commissions on mutual funds, and Rs 10 per trade charge brokerage for all segments.
Corporate: Simply you have to open a 5paisa demat and trading account and choose any super plan of 5paisa. Otherwise, you can say its similar to a regular demat account and trading account.
Youngvestor
A free account for Youngsters-18-23 age
- ₹0 – Brokerage on Intraday, Equity, Mutual Fund
- ₹0 – Account
Opening Charge - ₹0 – Account
Maintenance Charge
Plusone
Support special accounts for your Wife/Husband
- ₹10 – Brokerage
for all Trades - ₹0 – Account Opening Charge
- ₹0 – Commission On Mutual Fund
Corporate
Touch new heights with corporate Account
- ₹20 – For All Trades
- ₹10 – For Smart Trades*
- ₹0 – Commission On Mutual Fund
5paisa Review For Brokerage Charges 2023
Competitions between stock brokers, provide minimum to minimum brokerage charges. Its benefits directly go to the user of 5paisa. 5paisa is a discount brokerage stock broker so its brokerage charge is automatically low in comparison to others.
| Type of Brokerage Charge | Charges |
|---|---|
| Commission/order on Stocks, Commodities, Currency | ₹20 |
| Commission/order Stocks, Commodities, Currency with ₹599/month subscription | ₹10 |
| Mutual Fund | ₹0 |
5paisa Super Saver Packs And Its Benefits
| Fetures | Regular Account | Power Investor ₹599 per month | Ultra Trader ₹1199 per month |
|---|---|---|---|
| Limited Time Deal | N.A. | N.A. | 1st 100 Trades FREE |
| Brokerage on equity | ₹20 | ₹10 | ₹0 |
| Brokerage on other segments | ₹20 | ₹10 | ₹10 |
| Net Banking Charges | ₹10 | ₹10 | ₹0 |
| DP Transaction Charges | ₹12.5 | ₹12.5 | ₹0 |
5paisa Reveiw For Annual Maintenance Charge (AMC)
In terms of AMC Charges of 5paisa, it charges a nominal AMC fee for maintaining your demat and trading accounts. Welcome offer for new customers, first-year AMC is absolutely free. 5paisa annual maintenance charges apply from 2nd year onwards. AMC depends upon your portfolio value in your demat account.
| 5paisa Annual Maintenance Charge (AMC) |
|---|
| ₹0 per month if your holding value is less than ₹50,000 |
| ₹8 per month if your holding value is ₹50,000 to ₹2,00,000 |
| ₹25 per month if your holding value is above ₹2,00,000 |
| ₹25 per month if the number of Demat accounts across brokers is more than 1 |
5paisa Review For Hidden Charges Or Other Charges
There are lots of hidden charges in the 5pasia demat account, and you can not ask any questions to the stock broker related to your demat and trading account other charges when you open your demat account and trading account.
Don’t worry we give a proper solution by answering your all questions related to your 5pasia demat and trading account hidden charges. lets began.
| Items | Charges |
|---|---|
| Call and Trade Charges | Rs 50/ trade + GST |
| Auto Square Off Charges | Rs 50/ trade + GST |
| DP Transaction Charges on Sell | ₹12.5 per script + GST |
| Margin Pledge Charges | ₹12.50 + GST per scrip for Margin pledge. |
| MTF Pledge Charges | ₹25.00 + GST per scrip for MTF. |
| Normal Pledge Charges | ₹50.00 + GST per scrip for Normal pledging charges (Loan Against Shares) |
| Unpledge Charges | 12.5% + GST |
| Net Banking | ₹10 per transaction |
| Demat – per certificate, Remat – per certificate, Conversion of MF units/Destatmentisation per SOA and Reconversion of MF units to SOA | ₹15 |
| Postal Charges per request shall be charged separately | ₹40 |
What are the charges for adding funds in 5paisa?
| Plans | Net Banking | UPI | IMPS |
|---|---|---|---|
| Noraml | ₹10 | Free | Normal |
| Power Investor Pack | ₹10 | Free | Free |
| Ultra Trader Pack | Free | Free | Free |
5paisa Trading Software Review 2023
5paisa offers a variety of trading software to suit the needs of different investors. These software include:
5paisa Web Trader: This is a web-based trading platform that is available on all major browsers. It is a good option for investors who want to trade on the go.
5paisa Trading App: This is a mobile trading app that is available on both Android and iOS devices. It is a good option for investors who want to trade on the go and need a mobile-friendly platform.
5paisa Trade Station EXE: This is a desktop trading platform that is available for download on Windows and macOS devices. It is a good option for investors who want a more powerful and customizable trading platform.
What is Margin Exposure In 5paisa Review 2023?
Margin exposure or limit in 5paisa
Margin exposure or limit in 5paisa for NSE Derivatives segments
Margin exposure or limit in 5paisa for commodity segments
Margin exposure or limit in 5paisa for currency segments
Pros & Cons Of 5paisa Review:
Pros of 5paisa:
- Cost-effective brokerage fees.
- User-friendly trading platforms.
- Diverse investment options.
- Integration with technical analysis tools.
- Access to research reports and educational resources.
Cons Of 5paisa:
- Limited international trading options.
- Occasional delays during market volatility.
5paisa Review Knowledge and Learning
5paisa offers a variety of educational resources to help investors learn about the stock market and investing. These resources include:
- Finschool: Finschool is 5paisa’s educational platform that offers a variety of free online courses on stock market investing, mutual funds, and other financial topics.
- Blogs: 5paisa publishes a variety of blogs on stock market news, analysis, and investment strategies.
- Market Guide: The Market Guide is a comprehensive guide to the stock market that covers everything from basic concepts to advanced topics.
- Knowledge Base: The Knowledge Base is a searchable database of answers to common questions about stock market investing and 5paisa’s services.
5paisa also offers a number of live trading webinars and workshops that can help investors learn about specific trading strategies and techniques.
You Can Also Read Upstox Demat Account Review
You Can Also Read Top Stock Broker’s Demat Account In India Review 2023
Awards and Recognition of 5paisa
How do close the 5paisa account?
To close your 5paisa account, you can follow these steps:
- Download the 5paisa Account Closure Request Form. You can find the form on the 5paisa website.
- Fill out the form and sign it.
- Attach any required documents. For example, if you have any unused DP slips, you should attach them to the form.
- Send the form to 5paisa. You can send the form by mail or by email.
If you are sending the form by mail, send it to the following address:
5paisa Limited
IIFL House, Sun Infotech Park,
Plot No. B-23,
MIDC, Thalte Estate,
Thane, Maharashtra – 400604
If you are sending the form by email, send it to the following address:
support@5paisa.com
Once 5paisa has received your account closure request, they will process it and close your account. It may take a few days for your account to be closed completely.
Important things to keep in mind when closing your 5paisa account:
- Make sure that you have settled all of your outstanding positions. This includes any open trades, margin calls, and loan repayments.
- Make sure that you have withdrawn all of your funds from your account.
- If you have any unused DP slips, you should attach them to your account closure request form.
- If you are closing a joint account, all of the account holders must sign the account closure request form.
Once your account has been closed, you will no longer be able to access your trading account or demat account. You will also not be able to receive any further statements or communications from 5paisa.
5paisa App Download
You can download the 5paisa trading app for both Android and IOS. Download directly from the Play Store or App Store.
| Download For Andorid | Download For Android |
|---|---|
| Click Here | Click Here |
5paisa Customer Care No
| Address | Sun Infotech Park, Road No.16V, Plot No. B-23 Thane Industrial Area, Wagle Estate, Thane – 400604. |
| Support Related Queries | support@5paisa.com |
| DP and Broking-Related Queries | DP and Broking-Related Queries |
| Contact No | +91 89766 89766 |
FAQ
Is 5paisa safe?
Yes, 5paisa is a safe and reliable stockbroker. It is registered with SEBI and is a member of NSE and BSE. 5paisa also has a good track record of customer service.
Is 5paisa a good stockbroker for beginners?
Yes, 5paisa is a good stockbroker for beginners. It offers a variety of features that are helpful for new traders, such as:
- Low fees: 5paisa charges some of the lowest fees in the industry, making it affordable for beginners.
- Easy-to-use trading platform: 5paisa’s trading platform is easy to use and navigate, even for beginners.
- Variety of educational resources: 5paisa offers a variety of educational resources, such as online courses, blogs, and webinars, to help beginners learn about stock market investing.
- Good customer support: 5paisa offers good customer support, which can be helpful for beginners who need help with their trading.
What are the fees charged by 5paisa?
5paisa charges some of the lowest fees in the industry. For example, its brokerage on equity delivery trades is only Rs. 20 per executed order. 5paisa also charges very low margin interest rates.
What are the pros and cons of using 5paisa?
Pros:
- Low fees
- Good trading platform
- A variety of educational resources
- Good customer service
Cons:
- Some users have complained about slow customer support response times
- 5paisa does not offer some advanced trading features, such as algorithmic trading
What are the different types of accounts offered by 5paisa?
5paisa offers a variety of accounts, including:
- Trading account
- Demat account
- Mutual fund account
- IPO account
- Margin trading account
- Algorithmic trading account
What are the trading platforms offered by 5paisa?
5paisa offers three trading platforms:
- Web Trader: A web-based trading platform that is available on all major browsers
- Trading App: A mobile trading app that is available on both Android and iOS devices
- Trade Station EXE: A desktop trading platform that is available for download on Windows and macOS devices
How do I open a 5paisa account?
To open a 5paisa account, you can visit the 5paisa website and follow the instructions. You will need to provide some basic personal information, such as your name, address, and contact details.
How do I deposit and withdraw funds from my 5paisa account?
5paisa supports a variety of deposit and withdrawal methods, including:
- NEFT
- RTGS
- IMPS
- UPI
- Credit/debit cards
How do I trade on 5paisa?
To trade on 5paisa, you will need to log in to your trading account and place an order. You can place an order using the 5paisa trading platform or the 5paisa Trading App.
How do I place an order on 5paisa?
To place an order on 5paisa, you will need to select the type of order you want to place, such as a market order or a limit order. You will also need to specify the number of shares you want to buy or sell.
How do I track my trades on 5paisa?
To track your trades on 5paisa, you can use the 5paisa trading platform or the 5paisa Trading App. You can view your open trades, closed trades, and profits and losses.
How do I manage my portfolio on 5paisa?
To manage your portfolio on 5paisa, you can use the 5paisa trading platform or the 5paisa Trading App. You can view your holdings
How do I get help from 5paisa customer support?
Contact them through their website, mobile app, or social media, or visit their physical branches if available.
What are some of the features of 5paisa’s educational resources?
Educational articles, webinars, video tutorials, research reports, and a knowledge center.
What are some of the benefits of using 5paisa’s trading platform?
Competitive pricing, diverse asset classes, user-friendly platforms, real-time data, payment integration, and margin trading.
Overall, is 5paisa a good stockbroker?
It depends on your needs; consider pricing, services, customer support, educational content, and platform usability when deciding.
