5Paisa is one of the best discount brokers currently operating in India. The broking house is known to be one of the fastest-growing and provides one of the lowest brokerages in the industry. Let’s have a detailed review and get a good understanding of the Brokerage Charges, its Demat Account, Trading Platforms & other important features.
The company does extensive research and advisory on more than 4,000 companies, which is truly a kind of offering. It offers 3 subscription plans like Basic Pack, Power Investor Pack, and Ultra Trader Pack. These plans provide various benefits in which Zero Account opening charges include. 5paisa is not limited to trading only, it also offers products like Mutual Funds, Banking, SIP, Insurance, etc.
Contents Summary
5paisa plans
Basic Pack
In this plan, the fee is flat Rs. 20/order for any kind of transaction. The rate is almost 50% lower than other discount brokers and nearly 98% lower than full-service brokers.
Power Investor Pack
In these subscriptions, you need to pay Rs. 499/month and 5paisa will provide you various features like,
- 50% discount in brokerage charges which reduces the charge at just Rs. 10/executed order.
- You get Long term advisory, recommendations, model portfolio etc.
- Availability of analyzer to check and perform better trading.
- You can check daily market outlook and get market evaluation before placing any order.
Ultra Trader Pack
This plan is for heavy traders. The plan cost Rs. 999/month and you can get all the features as same as the Power Investor Pack with added more features like,
- Upto 100 free trades per month.
- From the 101st order, the brokerage charges will be Rs. 10/order in all segments.
- All the charges for Call and Trade, Fund Transfer, DP transaction, net banking gets waived off.
Features
There are several features that make the 5paisa App different from others and a preferred choice for most investors.
1. 5paisa has the lowest brokerage charges in the industry. You will be charged only Rs. 20 per executed order and the charges become Rs. 10 with other value-added packs.
2. 5paisa provide tremendous research and advisory on more than 4000 companies. They provide both short and long-term advisory calls, derivative strategies, and portfolio-based investment ideas.
3. 5Paisa provides a facility of margin trade funding to customers where the customer only pays a part amount of the delivery bought in the cash segment. The balance is funded by 5paisa at a nominal rate of 0.06%/day.
4. The App is not just a trading App, instead, it is all one solution that includes gold, insurance, and mutual funds.
5. The App comes with analyzing tool, so you can analyze your portfolio to improve your investment strategy.
Account opening and AMC charges
- Opening chargev(one time) – Rs. 300.
- Trading Annual Maintenance Charge (AMC) – nill.
- Demat Account Maintenance Charges – Rs. 540/year (Rs. 45/traded month).
Brokerage plans
Basic Pack
- Brokerage – Rs. 20/order.
- Call and Trade – Rs. 100/call.
- DP transaction charge – Rs. 12.5/scrip.
- Fund transfer charge – Rs. 10 (net banking and free for UPI/IMPS).
- Direct Mutual Fund investment charge – Rs. 20.
- Equity delivery brokerage charge – Rs. 20/order.
- Equity Intraday brokerage charge – Rs. 20/order.
- Equity future brokerage charge – Rs. 20/order.
- Equity option brokerage charge – Rs. 20/order.
- Currency future trading brokerage charge – Rs. 20/order.
- Currency options trading brokerage charge – Rs. 20/order.
- Commodity future trading brokerage charge – Rs. 20/order.
- Commodity options trading brokerage charge – Rs. 20/order.
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Power Investor Pack
- Brokerage – Rs. 10/order.
- Call and Trade – Rs. 100/call.
- DP transaction charge – Free.
- Fund transfer charge – Rs. 10(net banking and free for UPI/IMPS.
- Direct Mutual Fund investment charge – Free.
- Equity delivery brokerage charge – Rs. 10/order.
- Equity Intraday brokerage charge – Rs. 10/order.
- Equity future brokerage charge – Rs. 10/order.
- Equity option brokerage charge – Rs. 2/order.
- Currency future trading brokerage charge – Rs. 10/order.
- Currency options trading brokerage charge – Rs. 10/order.
- Commodity future trading brokerage charge – Rs. 10/order.
- Commodity options trading brokerage charge – Rs. 10/order.
Ultra Trader Pack
- Brokerage – Rs. 10/order.
- Call and Trade – Free.
- DP transaction charge – Free.
- Fund transfer charge – Free.
- Direct Mutual Fund investment charge – Free.
- Equity delivery brokerage charge – Rs. 10/order.
- Equity Intraday brokerage charge – Rs. 10/order.
- Equity future brokerage charge – Rs. 10/order.
- Equity option brokerage charge – Rs. 10/order.
- Currency future trading brokerage charge – Rs. 10/order.
- Currency option trading brokerage charge – Rs. 10/order.
- Commodity future trading brokerage charge – Rs. 10/order.
- Commodity option trading brokerage charge – Rs. 10/order.
Account opening
Required documents
- Aadhar Card.
- PAN Card.
- Photograph.
- Bank proof.
- Income proof.
- Specimen signature.
Process
1. Download the 5paisa App from the play store.
2. Submit some basic information.
3. Wait for the 5paisa team to call you. Their team will guide you through the process.
4. Submit digital copies of the required documents.
5. After verification, your account will be activated in between 24 hours.
6. Select the plan you want to get.
7. Pay the registration fee through net banking/UPI or any other online payment method you want.
Platforms
5paisa mobile trading App
The App is available in both Android and IOS for free. It offers features like Stock trading in equity delivery, Intraday, etc. It also features a fully automated investor advisory system and advanced charting tools with a simple User Interface suitable for both season investors and traders.
TradeStation Web
It is a trading website of 5paisa, that can be operated from PC for trading. Here also you can trade in different segments like equity, derivatives, and currency. You can avail yourself of portfolio trackers, advanced charting tools, and a market watch list to monitor.
5paisa Trade Terminal
It is designed for frequent traders, who need advanced trading tools. The desktop application offers real-time data and charts for Intraday trading, keyboard shortcuts to monitor the market in real-time and place orders faster.
Final thoughts of 5paisa Review
5paisa is a discount broker that started the journey in 2016 and is currently headquartered in Mumbai, India. This stockbroker earned over 1 million clients in just a few years and holding a strong position as the 6th largest stockbroker in the nation. The App has been downloaded by over 6 million users and got a client base of over 1.2 million. The products and platforms they provide are really user-friendly and handy whenever you trade through 5paisa.