5Paisa Demat & Trading Account Review
5paisa is one of the lowest charged discount brokers in India. If you are a heavy trader then you can save up to 95% on brokerage charges.
Save upto 95% on brokerage charges
Let’s assume you do monthly trading of 10,00,000 rupees with 10 trades (20 if we include buying & selling side).
Comparison of trading brokerage with ICICI Securities that charges 0.275% (0.55% if we include both buying and selling).
10,00,000 * 12 months * 0.55% = Rs. 66,000.
Comparison of trading brokerage with Sharekhan that charges 0.10% (0.2% total on buying and selling)
10,00,000 * 12 * 0.2% = Rs. 24,000
Trading brokerage with 5Paisa that charges Rs. 10 per trade
20 trades per month * 12 months * 10 Rs. brokerage = 2400 rupees only.
A Direct saving of upto 95% on brokerage fee
5Paisa also has an extremely fast and paperless account opening process that you would get your account opened on the same day. I would explain the 5paisa account opening process at the end of the article.
How is 5paisa for Trading
5Paisa discount broker is good for high-value trading becuase you will need to pay only Rs 10 per trade irrespective of the high trade volume. Lower brokerage charges lead to an increase in profits.
5 Paisa is the only public listed company in discount broking space in India. You can trade-in through 5paisa
- Futures and Options
- Currency F&O
- Mutual Funds
- Insurance Products
5Paisa Brokerage Charges Details
5paisa charge 0% brokerage on stock delivery
For trading, 5Paisa offers three subscription plans, Optimum, Platinum and Titanium Plans.
5Paisa brokerage charges under different plans are as under
|Transaction||Optimum Plan||Platinum Plan||Titanium Plan|
|Stock Delivery||Rs. 20 per order||Rs. 10 per order||Free|
|Stock Intraday Trading||Rs. 20 per order||Rs. 10 per order||Rs. 10 per order|
|Stock Futures||Rs. 20 per order||Rs. 10 per order||Rs. 10 per order|
|Stock Options||Rs. 20 per order||Rs. 10 per order||Rs. 10 per order|
|Currency F&O Trades||Rs. 20 per order||Rs. 10 per order||Rs. 10 per order|
5Paisa Annual Charges Details
5Paisa charge Rs. 0 for demat and trading account opening.
For Trading annual maintenance charges, 5paisa charge different fee on all the three different account. However, there are plan charges as under;
- Optimum Plan – No plan charges
- Platinum Plan – Rs. 499 per month (Rs. 4,444 per year)
- Titanium Plan – Rs. 999 per month (Rs. 8,888 per year)
Demat annual maintenance charges for different plans are as under
- Optimum Plan – Rs. 45 per traded month.
- Platinum Plan – Free
- Titanium Plan – Free
I have a special offer for CashOverflow reader. You will get your account opening fee waiver of Rs 650 if you apply through my special link.
100% Fees Waiver on Account Opening Charges (Only for CashOverflow Readers)
You would save Rs. 650+GST that 5Paisa charge for account opening.
Let me know via email if you faced any issues.
Innovative Features of 5Paisa Products
#1. Smart Investor Review
If you want to get stock investment ideas then you can consider buying “Smart Investor” from 5Paisa by paying Rs. 4999+GST.[stylebox]
The feature of Smart Investor
- Model Portfolio
List of hand-picked stocks by 5Paisa research analysts team.
- Idea List
An algorithmically generated list of top growth stocks having strong fundamentals and sound base patterns.
- Stock Evaluation
The evaluation view efficiently combines key stock information you need to validate your decision to buy or sell or to commit to further research.
- Market Outlook
Provides regular commentary on overall Indian market conditions. Market outlook also clarifies whether the current market environment is helping or hurting growth stocks.
#2. Smallcase (Innovative Alternative to Mutual Funds) Review
Smallcase is a basket or portfolio of stocks/ETFs of companies with strong earnings momentum and bottom-up stories, that are likely to benefit in the current market scenario.
This will help you to lower your risk with diversification through multiple stocks. You will also get the complete ownership over the portfolio, unlike mutual funds where you get fund units.
You can easily change the investment amount in “Smallcase” at any time. Plus you can sell the Smallcase fully or partially as per your will.
#3. Swing Trader Review
Swing Trader tool focuses short term trading ideas for 1 day to 3 weeks, based on combined fundamental and technical analysis.
The tool provides regular recommendation updates based on the market movement. Short term traders can take the benefit to increase the odds of success.
5Paisa Margin / 5Paisa Leverage & Exposure
|Equity Intraday Trading||Up to 4X|
|F&O Exposure Intraday||Up to 5 times|
|Option Writing Exposure||4 times on normal days and 6 times on expiry days|
|Currency Futures||1 time|
What I Like about 5 Paisa
- Paperless & fast account opening process
- Good customer care support
- Cheaper & fix brokerage charges (no complexity)
- Great trading platform
What I didn’t like about 5 Paisa
- Trading by calling them over the phone is very costly – Rs. 100 per call (optimum plan).
- Some traders faced server down issues in peak hours of trading.
5 Paisa Trading Platforms Review
#1. 5Paisa Web Interface Review
5Paisa Trader Station is a trading website which you can use from any available web browser on a computer, laptop, mobile devices or tablets. You can use 5Paisa web interface on with Chrome, Firefox or Safari web browsers.
You can do all type of trading and investment on 5Paisa Trader Station.
You can see a consolidated view of your portfolio, positions and holdings across equity & mutual funds.
#2. 5Paisa Desktop Application Review
Trade Station EXE is an installable trading terminal best for frequent traders who need advanced trading tools. The application offers real-time data, advanced charts for intraday and past stock prices for comparision.
#3. 5Paisa App (Mobile Trading App) Review
5paisa mobile app is one of the best mobile trading app in India as compared to all other stock broker’s mobile app.
If you are a small trader who want to do trading on your mobile phone, then you must consider 5paisa mobile app. The app has easy accessibility to fucntions,and provide great user experience.
5Paisa mobile trading app offers to trade at NSE/BSE and robo research & advisory on the go. You can use the 5Paisa app to buy stocks, trade in stock and currency futures & options, invest in mutual funds and bonds.
#4. 5Paisa Algo Trading Review
Algo Trading executes your trading orders automatically based on predefined parameters such as time, price, and volume.
My Experience with 5Paisa Account Opening Process
How to Open an Account with 5Paisa
The account opening process was completely online and paperless. I was able to complete all the documentation within 15 minutes.
I have submitted the basic information using the above link and received a call from their account support team.
Wait for the call from 5paisa after account signup. They helped me go through the process but you can do it yourself as well.
You only need a digital copy of the following documents.
You can simply click a photo of your documents from your mobile.
Documents required (You can upload anytime after account application)
- Pan Card
- Aadhar Card
- Bank Proof – Personalized cancelled cheque or passbook or latest bank statement (IFSC and MICR code required)
- Income Proof for Derivatives- (ITR / Latest 1-month Salary Slip/ 6 months Bank Statement)
- Specimen Signature (As per PAN card on a white blank page)
Note – You don’t have to sign any documents physically if your mobile number is registered with the Aadhaar Card. Use Aadhaar based document verification to open the account in less than 24 hours.
After uploading all your documents, you would get the option to select the plan.
Note: I opened the account in Rs. 550 but they have revised their account opening charges to Rs. 650 now.
Click Basic Plan if you don’t want to buy “Smart Investor”.
PRO TIP: You would lose a chance to save the registration fees if you are planning to buy the stock market advisory product at a later stage.
If you need “Smart Investor” type advisory help while trading or investing, then I would suggest you buy now to get the waiver of account opening fees.
I have paid registration fees using Paytm but you can choose any other mode of online payments.
5Paisa is best for starting level traders who need access to an easy platform for trading or high volume trader who want to save money on brokerage charges.