5Paisa Capital Ltd – The Discount Brokerage, Complete Review of 5Paisa Brokerage Charges, Trading and Demat Account, Trading Platforms & Technology
5paisa Capital is one of the fastest growing discount broking companies in India with more than 1.3 million customers and 6.5 million mobile app users. The company offers broking, mutual funds, insurance, peer-to-peer lending, international stocks, gold investing and margin funding as part of its product bouquet. Let’s have a detailed review of 5Paisa and understand about the concept, brokerage charges, Trading and Demat account Opening charges, Technology and platforms offered by 5 Paisa one by one.
History Of 5Paisa Capital
Nirmal Jain is the promoter of 5Paisa capital and is a flagship company of IIFL Holding. 5Paisa started its operations in March 2016 and demerged from IIFL Holding in October 2016 & listed on BSE and NSE in November 2017. In January 2018 the company won the Best Digital Start Up of the Year Award and in April 2018 crossed 1 Million app downloads. In continuation with the journey the 5Paisa Capital Won ‘Emerging Brand Excellence in BFSI Sector’ & ‘Best Mobile Trading App’ .
Today 5Paisa is the one of the fastest growing discount broker in India with about 1.3 million clients and offers best in class services to it’s clients.
- 5 Paisa Brokerage Plans
- Zero Brokerage on Equity Delivery – All equity delivery investments (NSE, BSE), are absolutely free — ₹ 0 brokerage.
- Mutual Funds – 5paisa Mutual Funds includes both regular as well as direct mutual funds. 5paisa changes flat Rs 10 per executed order for online mutual funds investment. An investor can invest in a lump sum or through SIP.
- 5 Paisa Brokerage on Trading – 5Paisa offers three subscription plans; Basic Pack, Power Investor Pack, and Ultra Trader Pack.
- 5Paisa Basic Brokerage Plans
5paisa offers flat brokerage of ₹20 per order across all segments equity intraday, F&O, Currency & commodities.
- 5Paisa Power Investor Pack
5Paisa offers the subscription to the investors pack with a payment of ₹499 per month and in return traders and investors can enjoy the below listed benefits
- Discount on Brokerage – 5 Paisa offers flat 50% discount on Brokerage to ₹10 per executed order.
- Smart Investor Pack – What you get in Smart Investor Pack? See the below listed benefits
- Long Term Recommendations – Advisory product of smart investor and offers model portfolio for new investors / clients (track record of 10-15% more returns than nifty), extensive research on over 4000 stocks
- Short Term Recommendations – Advisory product of Swing Trader and success rate is about 60-65%.
- Research – Market Evaluation and Market Outlook Daily
- Portfolio Analyzer – Track your portfolio, create benchmarks to compare your portfolio, NAV of equity portfolio a first in the industry & check your buy, sell and hold decisions.
- 5Paisa Ultra Trader Pack
- Smart Investor Pack – What you get in Smart Investor Pack? See the below listed benefits
This subscription plan is basically for high volume traders, who need best out of everything. This plan is offered at ₹999/ month with below listed benefits which includes smart investor, swing trader, research and portfolio analyzer with the below listed benefits
- First 100 orders are provided free of cost to the traders.
- Onwards 100 orders, the brokerage will be charged at ₹10 per executed order across all segments.
- 4X Margins for intraday options trade and also higher margins for cash segment too.
- Call and trade charges, funds transfer charges, net banking pay-in charges and DP Transaction charges are all waived off.
- Charges for Trading & Demat Account
- 5Paisa provides free Trading and Demat Account Opening offer (₹650/- wave off).
- 5Paisa AMC – Annual Maintenance Charges – 5paisa charges ₹25 / month + GST and the charges are deducted on monthly basis.
- 5Paisa offers first year free AMC for all its new clients.
- Customer Support
- 5Paisa offers chat assistance on mobile app and web portal.
- FAQ section in mobile app and web portal.
- Submit a Query Option for seeking immediate help and the same can be viewed on mobile app and web portal.
- Dedicated support team for all your queries over phone and email.
- 5Paisa Forum for various queries
- Education
- 5Paisa School Stock Market Education learning app is a free online education as well as various paid courses are offered by 5Paisa School.
- 5Paisa Platform and Technology
- Trade Station Web (Browser-based platform)
5paisa.com offers Trade Station Web is an online trading web platform. Customers can use their personal computers to access the website and trade. It offers a range of features such as:
- Access NSE and BSE and trade across equity, derivatives and currency
- Market watch list to monitor scripts
- Comprehensive portfolio tracker
- Advanced charting tools for in-depth scrip view
- Detailed scrip data including market depth and Option Chain
- Order slicing for better prices
- Bracket Orders (BO) and Cover Orders (CO)
- Consolidated view of your positions and holdings across instruments
- Fund Transfer facility
- Access to multiple reports
- 5Paisa Mobile App (Mobile Trading App)
5paisa mobile trading app offers online trading using Smartphone across segments and exchanges.
The trading mobile software is available for Apple and Android Smartphone’s. It offers a range of features to analyze and trade on-the-go. Key features of the 5paisa mobile trading app include:
- An intuitive mobile app with simple design.
- Trade and invest across stocks, commodity, currency, mutual fund, insurance, etc.
- Access to research and advisory inside the app.
- Live quotes on stocks and markets.
- Place orders with a single click.
- Place advance order types like Bracket Orders (BO) and Cover Orders (CO)
- Multiple watch lists.
- Invest in 5paisa small case.
- Access to ‘Auto Investor’, an advisory feature that recommends mutual funds based on your profile and goals.
- Access to 5paisa forum.
- Instant paperless personal loan facility.
- Monitor your trades and investments at any time.
- Fund transfer via UPI.
- 5Paisa Trade Station EXE (Desktop Trading platform)
Trade Station EXE is a downloadable desktop trading terminal developed by 5paisa. The online trading software can be downloaded on a desktop or a laptop and can be used for trading using the internet. It offers a range of features such as-
- A high-speed desktop-based trading platform provides access to NSE and BSE
- Customizable watchlists to monitor your favorite stocks and contracts
- Advanced charting features to analyze stocks
- Bracket Orders and Cover Orders
- Instant Fund Transfer facility
- Order Slicing feature for better prices
- Short cut keys for faster trading
- 5paisa Algo Trading (Automated trading tool)
5paisa algo trading is an automated trading tool that leverages advanced technologies to facilitate automatic trading decisions. Its various features include-
- Create, backtest and deploy your algos
- Preloaded algos including Amibroker, Jobbing, Pivot, Buy/Sell Call execution, Bulk buy/sell and Paired spread trading strategies
- Expert assistance for coding strategies
- Get API documents to code strategies yourself
- Seamless integration of strategies with the trading platform
- Assistance in getting strategy approved by the exchange
- A real-like simulation environment for strategy testing
- 5paisa Robo Advisory (Mutual Fund Selector)
5paisa robo advisory is a fully automated advisory tool that suggests mutual funds based on your financial goals, time frame and income profile.
How does 5paisa Robo Advisory work?
5paisa robo advisory is a fully automated advisory tool that recommends an investment plan to you based on the answers you provide to the various questions asked.
Steps in 5paisa robo advisory
- Select your financial goal- Buying car/home, child’s education/marriage, retirement etc.
- Set quantitative targets with the exact amount required to realize the financial goal and the time frame to achieve it.
- Enter your age, monthly income and savings
- Select your experience level and understanding of the investment market
- Select your risk level
- Select what you look for in investment in terms of risk and returns
- Analysis of your risk profile
- The system recommends mutual funds
So Let’s Start the Journey with 5Paisa for Trading & Investment in Stock Market.
Click Here to Open You Account with 5Paisa