5Paisa Stock Trading, Demat, Brokerage and Reviews 2024

5Paisa is one of the prominent stockbrokers in India. It offers a complete range of services including equity trading, mutual funds, commodities, and more. It also provides a user-friendly interface, making it accessible to beginners and experienced traders.

In this review, we will delve into the various features of 5Paisa. We will examine its account opening charges, brokerage charges, features, and other offerings. Through this review, we will provide you with a thorough understanding of what 5Paisa has to offer.

5Paisa Overview

5Paisa is a well-established Public company in the financial services sector, known for its comprehensive brokerage services. As a Public broker, Angel One offers numerous investment options, including stock trading, futures and options, mutual funds, currencies and commodities.

Headquartered in Mumbai, Angel One has been a significant player in the Indian stock market since its inception in 2016. The company was founded by Nirmal Jain, who envisioned creating a platform that democratizes investing for all.

Over the years, 5Paisa has built a reputation for its user-friendly platform, competitive pricing, and extensive research tools. The company is committed to providing reliable customer support and educational resources, making it a preferred choice for traders and investors.

5Paisa A Comprehensive Company Overview

Company Overview 5Paisa
Company Type Public
Broker Type Discount Broker
Headquarters Mumbai
Founder Nirmal Jain
Establishment Year 2016

Account opening and demat charges

Opening an account with 5Paisa is Free, making it accessible to new investors. Once the account is set up, users will incur ongoing charges such as an annual maintenance charge (AMC) of Rs.300 per Year and a broker commission of ₹Zero, Securities Transaction Tax (STT), and other regulatory charges.

5Paisa straightforward pricing and comprehensive services make it a popular choice among investors. The combination of free account opening and competitive ongoing charges provides a cost-effective investment management solution.

Account Opening and Demat Charges

Broker 5Paisa
Trading Account Opening Charges Free
Demat AMC (Annual Maintenance Charges) Rs.300 per Year
Depository

5Paisa brokerage charges

Your stockbroker charges a certain brokerage fee for every order you place. The brokerage charges of Angel One are as follows:

  • Equity delivery: You need to pay these charges when you buy and hold stocks in your trading account for a longer period. This type of trading generally charges lower brokerage charges as compared to others.
  • Equity intraday: When you buy and sell stocks on the same day, you need to pay equity delivery brokerage charges. Intraday trading mainly focuses on short-term price movements.
  • Equity futures: You have to pay equity future brokerage charges when you trade futures contracts on stocks. Equity futures are agreements to buy or sell a stock at a predetermined price on a future date. The charges for trading equity futures include brokerage fees and may also include transaction charges based on the contract value.
  • Equity options: When you trade options contracts based on stocks, you have to pay brokerage charges determined for equity options. An equity option gives the holder the right, but not the obligation, to buy or sell a stock at a specified price before or at the expiration date. The brokerage charges for options trading often include a flat fee per contract or a fee based on the option’s premium.
  • Commodity futures: These are charges for trading futures contracts on commodities such as gold, oil, or agricultural products. Commodity futures contracts are agreements to buy or sell a specific quantity of a commodity at a predetermined price on a future date.
  • Currency futures: These are charges for trading futures contracts on currencies. Currency futures involve agreements to exchange one currency for another at a set price on a future date. The charges for currency futures usually include a flat fee per contract and may vary depending on the currency pair and contract size.
  • Currency options: Charges for trading options contracts on currencies. A currency option provides the right, but not the obligation, to buy or sell a currency pair at a specified price before or at the expiration date. The charges for currency options typically include a fee per option contract and may be based on the option's premium.

Brokerage of 5Paisa

Brokerage 5Paisa
Brokerage Plan Regular Account
Subscription Charges Zero
Equity Delivery Rs.20 per Trade
Equity Intraday Rs.20 per Trade
Equity Future Rs.20 per Trade
Equity Option Rs.20 per Trade
Commodity Future Rs.20 per Trade
Commodity Option Rs.20 per Trade
Currency Future Rs.20 per Trade
Currency Option Rs.20 per Trade

5Paisa margin exposure

5Paisa provides margin exposure to help traders and investors trade with margin money. With margin money, you can control larger positions with smaller amounts of funds. With this offering, you can amplify your trading potential and take advantage of market opportunities.

5Paisa Exposure

Exposure 5Paisa
Equity Delivery 1x
Equity Intraday Upto 5x (Depends on Stocks)
Equity F&O Carry Forward 1x
Equity F&O Intraday 1.3x
Commodity F&O Carry Forward 1x
Commodity F&O Intraday 1.3x
Currency F&O 1x

5Paisa other charge

Apart from brokerage charges, you also need to be aware of other charges charged by a broker. These are:

Other charges of 5Paisa

Charges 5Paisa
STT Equity Delivery
Stamp Duty Equity Delivery
Transaction Charges Equity Intraday
STT Equity Intraday
Stamp Duty Equity Intraday
Transaction Charges Equity Futures
STT Equity Future
Stamp Duty Equity Future
Transaction Charges Equity Options
STT Equity Options
Stamp Duty Equity Options
SEBI Turnover Charges
GST

5Paisa trading platforms

5Paisa offers multiple trading platforms for traders and investors. With an easy user interface and advanced features, Angel One simplifies the trading process for beginners. Each of the following platforms offers unique and useful features for trading purposes.

5Paisa – Trading Platforms

Trading Platforms 5Paisa
Android App 5Paisa Android App Link
iOS App 5Paisa iOS App Link
Web Trading Platform 5Paisa Web Trading Link
Trading Terminal Available
Algo Trading Platform Available
Foreign Stocks Trading Platform Available
Basket Trading Platform Available
Mutual Fund Investment Platform Available
Digital Gold Investment Platform Available
Bonds Investment Platform Available

5Paisa offers

Many stockbrokers provide attractive offers to gain investors' attention. For example, some might offer a free account opening process and others might offer free delivery trading. These offers differentiate brokers, and they often use them as a strategy to attract new clients and retain existing ones. By highlighting such benefits, brokers make their services more appealing compared to competitors. Angel One’s offerings are as follows:

5Paisa Offers

Offers 5Paisa
Free Account Opening Yes
Free AMC No
Free Brokerage Yes, Limited
Flat Brokerage Yes
Flexible Brokerage Plans Yes
Happy Trading Hours No
Free Delivery Trading No
Free Intraday Trading No
Free F&O Trading No
Free Research Reports No
Free Trading calls No
Referral Offers 12.5% + Rs.100 Referral Credit per Client
Margin Funding / Pledging Yes
Brokerage Cashback No
Zero Brokerage for Loss Making Trades No

5Paisa features

5Paisa also offers advanced trading features for both beginner and experienced traders. These features range from basic features such as real-time market data and portfolio tracking to advanced options like investment research, personalized recommendations, and charting tools. Further, Angel One also offers research reports, custom stock recommendations, and stock tips.

Comparison of 5Paisa – Trading Features

Trading Features 5Paisa
Wishlist Yes
Real Time Updates Yes
Portfolio Details Yes
Online MF Buy Yes
Research Reports Yes
Global indices Yes
Customised Recommendations No
Stock tips No
Interactive charts Yes
Live market Yes
Multi Profile Management No
Robust & Secure Platform Yes

Services

The platform offers numerous financial services. Core services include trading in stocks, derivatives, and IPOs. The platform also offers in-depth market research, investment recommendations, and tools to help traders make informed decisions. For those seeking more hands-on management, Angel One provides portfolio management services as well. While it doesn't offer a traditional 3-in-1 account, it covers most other essential financial services.

5Paisa – Services Provided

Services Provided 5Paisa
Demat Services Yes
Trading Services Yes
Intraday Services Yes
F&O Services Yes
IPO Services Yes
3 in 1 Account No
Stock Research No
Stock Recommendations No
Trading Institution Yes, FinSchool
Share Pledging Yes
PMS or PCG No
NRI Services No

Products

5Paisa offers a complete set of financial products for traders and investors. You can trade in equities, options, and futures according to your preferences. It also offers trading in commodities and currencies. If you are someone interested in global markets, 5Paisa also allows you to trade in foreign stocks. Plus, you can diversify your portfolio by investing in mutual funds. It will help you safeguard your capital from uncertain market movements. These diverse product offerings allow 5Paisa to serve different investment strategies and preferences effectively.

5Paisa – Products Provided

Products Provided 5Paisa
Equity Delivery Yes
Equity Intraday Yes
Equity Option Yes
Equity Future Yes
Commodity Option Yes
Commodity Future Yes
Currency Option Yes
Currency Future Yes
Foreign Stocks Yes
Mutual Funds Yes
Banking No
Insurance No
Corporate Bonds Yes
Govt. Bonds Yes
Digital Gold Yes

Customer support

5Paisa offers robust customer support to ensure a smooth and hassle-free experience for its clients. Their dedicated support team is available through multiple channels, including phone, email, and live chat, to assist with any queries or issues.

Customer Support of 5Paisa

Customer Support 5Paisa
Trading Support Available, Chargeable
Dedicated Dealer Available, Chargeable
Call Support 8976689766
Email Support support@5paisa.com
Whatsapp Support NA
Website Support Website Link
Facebook Support Facebook Support Link
Twitter Support Twitter Support Link
Telegram Support Telegram Support Link
Branches / Offices NA

Customer complaints

5Paisa is committed to addressing customer complaints promptly. Through timely responses and resolutions, it aims to give a positive experience for all users. Traders and investors can file complaints through multiple channels, including the website, mobile app, or email. Further, Angel One's structured grievance redressal mechanism ensures that each complaint is tracked, escalated if necessary, and resolved within stipulated timelines.

5Paisa Complaints

Complaints 5Paisa
Total Complaints Lodged 178
Total Complaints Resolved 145
% of Resolved Complaints 81.46%
Non Actionable Complaints 17
% of Non Actionable Complaints 9.55%

Frequently Asked Questions


Who is the founder of 5Paisa?
5Paisa is founded by Nirmal Jain.

What type of broker is 5Paisa?
5Paisa is a Discount Broker broker and it offers a complete range of financial services such as stock trading, mutual funds, and advisory services. Plus, it offers both online and offline trading facilities for various investor needs.

Is 5Paisa free?
5Paisa account opening process is free but you have to pay the annual maintenance charges of Rs.300 per Year.

Is 5Paisa reliable?
Yes, 5Paisa is a trusted and regulated broker in India with over two decades of experience in the financial industry. It is a member of major exchanges like NSE, BSE, and MCX.

How to open a demat account with 5Paisa?
You can open an 5Paisa demat account by visiting the official website of 5Paisa. You need to submit the basic personal details, and KYC documents, and complete an e-sign process. The account is usually activated within 24-48 hours.

What trading platforms does 5Paisa offer?
5Paisa offers multiple trading platforms, including a web-based platform, a mobile app, and a desktop application. These platforms are equipped with advanced tools and features for seamless trading.

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