Know Your Broker: 5paisa Review, Brokerage Plans, Margins and Customer Care

5paisa Products

5 Paisa discount broking firm can help you invest in Equity, Commodity, Currency, and also the segments like Futures and Options.

Equity
Commodity
Currency

Futures
Options

5paisa Trading Softwares

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full descriptions - Full Platform Details.

5paisa Trading App
Trade Station 2.0
Algo Trading Platform

5paisa School App
Developer APIs

5paisa Brokerage Plans

Choose from one or more plans below. Use tabs if multiple plans available. A single plan includes all the basic charges and brokerages, margins, etc.

5paisa Other Investment Options

Services provided by the broker for investing in other financial assets such as Mutual funds, IPO platforms, Bonds & Debt, Exchange Traded Funds, Insurance, etc.

Mutual Funds
IPO Platforms
Bonds & Debt

Exchange Traded Funds
Insurance

5paisa Additional Features

Extra features are provided by the broker at little or no extra cost. Like SMS alert, Margin Funding and Margin Against Shares.

3 in 1 Account
Free Recommendations
Free Research Reports

SMS Alerts
Margin Funding
Margin Against Share

5paisa Pros

Advantages and Strengths of this broker. These benefits of 5paisa are highlighted. Before opening an account at 5paisa, you should read 5paisa benefits and disadvantages. 5paisa cons and pros will help you determine if it is right for your investment needs.

Flat 20 R/order, regardless of the size of the trade, segment, or exchange.
All you need to invest in is stocks and mutual funds, currency, research, advisory, or commodity.
In 5 minutes, you can open a paperless and free account.
Lowest DP charges
Free Mutual Fund Account
Multilingual trading app
No-cost trading platform including mobile app, website, and desktop trading terminal. There are no software fees.
Offer stock investment ideas and research tools
Services for Robo Advisory and Algo trading
Customers can receive free technical, fundamental, and derivative research & advice at no additional cost.
Both Email and Mobile technical calls
Promoted by the IIFL promoters. IIFL, a leading non-banking financial institution with over two decades of experience in India, is the premier.

5paisa Cons

Disadvantages of this broker that it needs to improve upon. The cons of 5paisa are listed below. You can see the 5paisa drawbacks.

Offers no 3-in-1 account.
High demat debit transaction fees In Optimum plans, they charge Rs 25 and 0.025%.
In comparison to discount brokers, exchange transaction fees are higher.
Call and Trade are available for an additional Rs 100 per call under the Optimum plan. Flat Rs 100 fee allows customers to place trades on one call.
Optimum Plan does not offer advisory or research services.
5Paisa doesn't offer NRI Trading services.

Our Conclusion

5paisa provides advanced trading tools and flat brokerage plans. Premium plans can be purchased at an additional cost. The website offers adequate educational content. The majority of the extra services, such as portfolio analysis and research tools, are chargeable. These services are charged. This makes the broker an attractive choice for investors and traders alike.

The broker will provide for trader clients.

Software and premium plans for advanced trading facilities.
It is possible to compare shares with margins.
Traders have the option to create their screens according to their preferences and suitability.
You can use shortcut keys to place orders faster on the platform.

The broker will provide for investors.

Premium plans include intelligent portfolios, deep analyzing tools, and research reports to help you make better decisions.
Stock ideas for long-term investments in the premium subscription.
Single platform for investing in stocks, insurance, mutual funds, etc.
An investor education knowledge center that is well-written.