5paisa is a leading online stockbroker which offers discount brokerage services to investors in India. 5paisa Capital is a professionally managed company and promoted by IIFL founders. It is a flat rate discount stockbroker. It charges a minimum of 20 Rs brokerage.
Plans at 5Paisa
5Paisa has three subscription plans:
- Basic Pack
- Power Investor Pack
- Ultra Trader Pack.
5paisa Mutual Funds
The benefits of 5Paisa include both Regular and direct mutual funds.
5paisa trading platform
It includes Mobile Trading App, Trading Website, and Installable Trading Terminal.
Reasons why 5paisa is different from other online brokers?
Below are the reasons how 5paisa is well known among most investors.
- Lowest charges: 5paisa charge Rs 20 per order executed.
- Research Ideas: 5paisa is the only discount broker that offers exhaustive research and advisory on more than 4,000 companies.
- Margin Funding: 5Paisa provides the facility of margin trade funding in which a customer only needs to pay a partial amount of the delivery taken in the cash segment.
- Multi-Product App: 5paisa is not only a trading app, but it is a one-stop shop for all investment products which includes gold, peer-to-peer lending, insurances, mutual funds, and US investment.
- Analytics Services: 5paisa also offers Portfolio Analyzer – a tool to analyze the performance of your portfolio.
- Value-add packs: With this, the person can get the first 100 trades FREE every month and many more.
Account on 5 Paisa
5paisa Trading & Demat Account
5paisa.com offer trading services under a simple brokerage plan. Customers can trade across the segments for a minimum amount of Rs 20 per order in Optimum Plan and Rs 10/order in Platinum Plan and Free Equity Delivery in Titanium Plan. And the process of opening the account is easy and flexible.
Mutual Fund Account
Online Mutual Funds Investment Account is a great service from 5paisa. Customers can open just a Mutual Funds Investment Account with 5paisa for free of charge. 5paisa also offers Systematic Investment Plans (SIP), an automatic periodic investment option in the stock market through mutual funds.
5paisa Online Account Opening
5paisa is offering a 2-in-1 account (Demat + trading account) gives its customer an option to invest and trade in the stock market as well as in mutual funds. 5paisa provides a completely paperless account opening process only based on Aadhaar.
By the completion of the online application, the accounts get activated in few hours.
5paisa Trading Software (5paisa Trading Platforms)
The 5paisa mobile trading app offers trading at BSE/NSE and Robo Advisory none click. Customers can download this free app. The app can be used to buy stocks, trade-in stock, and many more.
5paisa trading website which can be accessed from any device and any web browser. It offers all trading and investment options under one domain.
5paisa trading terminal is mostly used for frequent traders who need advanced trading tools. The desktop application offers real-time data, advanced charts for intraday, and historic stock prices.
Advantages of 5Paisa
The advantage and disadvantages help the customer to find how useful this app for them.
- Charge 20 Rs/order brokerage.
- All in one account to invest in any interesting field.
- FREE and paperless account opening.
- Lowest DP Charges.
- Free Mutual Fund account.
- Multilingual trading app.
- Free trading platform.
- Stock Investment Ideas and Research tools.
- Algo trading and Robo Advisory services.
- Promoted by the IIFL promoters.
Disadvantages Of 5 Paisa
- Doesn’t offer a 3-in-1 account.
- Very high Demat debit transaction charges.
- Higher exchange transaction charges.
- Call & Trade is available at an additional cost of Rs 100 per call.
- Research & advisory services are not available in the Optimum Plan.
- Doesn’t offer NRI Trading services.
Who owns 5paisa?
5paisa Capital Ltd is a publicly traded company, managed professionally.
How to close a 5paisa account?
If you are not using your 5paisa trading and Demat account, the customer can close the account. The account closure process is not online.
Steps to close an account
- Call 5paisa or email at [email protected] to inform.
- Download the 5paisa Account Closure Request Form.
- Print, fill, and sign the forms as per instructions.
- Send the paper form to the address provided.
How to invest in 5paisa.com?
To invest and trade with 5paisa.com, the customer needs to open a 2-in-1 (trading & Demat) account and link it with your savings bank account. Simple process.