This is a public discount broker company founded in 2010. It commenced in 2016 and rose as the second-largest discount broker in India in 2018. It’s serving an area in India. Its headquarter is in Mumbai. 5paisa is a web-based trading platform in value, ware, and money at BSE, NSE, and MCX. It is a level discount stockbroker. It charges a flat Rs.20 business regardless of the size of the trading volume, fragment, or trade.
Products offered by 5paisa:
5paisa avail their customers with the following of the products.
- Equity
- Commodity
- Options
- Futures
- Mutual funds
- Forex
- Banking
- Sip
- Insurance
Brokerage charges offered by 5 paisa:
Their brokerage charges are,
- Equity delivery Brokerage charges are Rs. 20/-
- Equity Intraday Brokerage charges are Rs. 20/-
- Equity Futures brokerage charges are Rs. 20/-
- Equity Options Brokerage Charges are Rs. 20/-
- Currency Future Trading Brokerage charges are Rs. 20/-
- Currency option Brokerage charges are Rs.20/-
- Commodity Future Trading charges are Rs.20/-
- Commodity options trading charges are Rs./-
- Call and trade charges are Rs.10/-
- Fund transfer charges are Rs.10./-
Brokerage Plans offered by 5paisa:
They are offering two plan packages to their customers.
- Power investor package:
- The charges of this package are Rs.499/- on a monthly basis.
- The customer is availed with 50% off.
- For new customers, offer suggestions and provide them with a portfolio.
- You can track your portfolio and can track all the information.
- The customer will be updated with all the frameworks before placing an order.
- Ultra Trade Package:
- This is the best package for those traders who want to spend more.
- The charges for this package are Rs.999/-
- The customer will be provided up to 100n free trades.
- The exposure is 4X for the intraday options for the trading.
Pledge and Unpledged charges:
- The charges for the pledge for funding are Rs.25 per script.
- The charges for the pledge for margin are Rs.12.5/-
- The charges for the unpledged are Rs.12.5/-
- The charges for the unpledged and sell are Rs.12.5/- per scrip.
Account maintenance charges:
If the holding value of up to Rs.50,000, then the charges of the packages will be.
| Basic Package | Power Investor Package | Ultra Trader Pacakge |
| Rs. 0/- | Rs.0/- | Rs.0/- |
If the holding value is up to 50,000 to 2,00,000, then the charges will be.
| Basic Package | Power Investor Package | Ultra Trader Package |
| Rs. 8/- | Rs.8/- | Rs.8/- |
If the holding value will be above Rs.2,00,000, then the charges will be.
| Basic Package | Power Investor Package | Ultra Trader Package |
| Rs. 25/- | Rs.25/- | Rs.25/- |
Review of the maintenance charges:
The maintenance charges for the ultra trader and power investment package per trade are high as compared to the other platforms.
Offers of the 5paisa:
They avail their customers of the following unique offers.
- They offer a free Demat account.
- They offer free trading account.
- They offer discounts on the brokerage.
- They provide flexible brokerage plans.
- They also give holiday offers.
- They also give referral offers.
The offers which are not given by 5 paisa:
- There is no margin money offer.
- There are no trading happy hours for the customers.
- They do not give one 1-month of free brokerage as a welcome bonus.
- There is no brokerage for those traders who make a loss.
The software offered for 5 paisa:
5 paisa provides their customers’ platforms with decent features and benefits for trading and investment.
- Portfolio Analyser:
With this tool, the trader will track his/her portfolio and can analyze its performance.
- Swing Trader:
This tool is for those traders who can invest just for a short period of time.
- Smart Investor:
This tool is for the expert, through they which can handpick stocks for the customers through the small investor tool.
- Small case:
Thus tool is for noobs customers. And for them, this a modern tool having a low price and long-term portfolio. Also, the trader will be ankle trade at different multiple stocks.
- SensiBull:
The purpose of this tool is for option tradings. It can track your position and can doa an analysis of your trades with the help of the graphs.
- Review of the softwares:
The software they offered their customers is decent and helpful enough for noobs as well as for the professional. They specify some of the tools for beginners and some for professionals. And the best thing is that with the help of these tools, the trader can track all the portfolios. And he/she will be updated whenever he/she wants. And the trader will be updated with all the news from time to time.
The exposure offered to the customers:
The leverages or the exposure give to the clients by 5 paisa are,
- The exposure for the equity delivery for the basic package is 4X per exchange.
- The exposure for the equity delivery for the power investor pack is 4X per exchange.
- The exposure for the equity delivery for the ultra trader pack is 4X per exchange.
- The exposure for the equity intraday for the basic pack is 20X.
- The exposure for the equity intraday for the power investor pack is 20X.
- The exposure for the equity intraday for the ultra trader pack is 20X.
- The exposure for the future margin for the basic pack is 4X.
- The exposure for the future margin for the power investor pack is 4X.
- The exposure for the future margin for the ultra trader pack is 4X.
- The exposure for the commodity for the basic pack, power investor pack, and for ultra trader pack is zero.
Charges for the opening of Demat account :
If you want to open a Demat account, you will have to pay the following charges.
- The charges for the opening of the Demat account are zero.
- The charges for the maintenance of the account are Rs.25/-
Procedure for the opening of Demat account :
If you want to open an account then you will have to follow the following steps.
- Step 1:
Visit their online website. And enter the customer support option.
- Step 2:
Download the form for the account opening.
- Step 3:
The details must be filled in properly given on the form.
- Step 4:
Attach your documents along with the form, which will be mentioned.
- Step 4:
Submit the form to the head office of the company with the courier.
- Step 5:
Your documents will be verified and the account will be opened.
- Documentations:
For the opening of an account, the documents needed by the 5 paise will be,
- Id card, for the verification of the identity.
- Aadhaar card or PAN card.
- Passport size images.
- Salary slip for the income proof.
- For the verification of the address, you will have to give the dress proof.
Rating of the customers:
The points given to the 5 paisa by the customers are unique,
- The rating on the experience is 7.8 out of 10.
- The rating for the trading platform is 8.4/10
- Their product and services rating is 8.2 out of 10.
- The rating on the research is 8.0 out of 10.
- The overall rating is 8.38 out of 10.
Advantages :
- They are famous for their trading applications.
- The transfer of the deposits is easiest with the help of a Demat account.
- They offer their customers free research tools.
- They avail their customers with SMS and Call trade services.
- They train their noobs customers as well.
- The charges for the DP are the lowest in the market
- They offer their customers technical calls on both Email and Mobile.
- Their mobile application is in a lighter version yet fast.
- With the help of the softwares offered by the 5v paisa, you can track your portfolio, whenever you need it. And you will be updated all the time just by using your mobile.
Disadvantages:
- They do not offer the proper commodity trading.
- The tools for the advice and suggestions are robotic or based technically not physically.
- Their Demat transaction charges are higher as compare to the other stock brokers.
- Their call and trade facility is available at a costly rate, which Rs.100/- per call.
Conclusion:
Comparatively, 5paisa is growing fast from the stockbrokers in the market. They are also regulated by the Security board of India. So there will be no question related to trust. They are verified, and you can easily trust them. They have many active clients, which is also an attractive feature for beginners who are in doubt to choose the 5paisa. The overall rating given by clients to the 5 paise is a decent 8.3 out of 10. They make customer care their first priority. They will resolve all the issues regarding trading from all perspectives.
Their advice is based on machine learning. They are not giving any offline appearance or system. But their growth rate tells us that its services are good enough to select the 5paisa for trading and for making your future shine. Their benefits are much more to ignore the drawbacks.
So, if you are in search of a good discount stock broker then you should definitely try the 5paisa, and avail yourself of their unique features and benefits.
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