5Paisa Software Pricing, Features & Reviews
What is 5Paisa?
5Paisa is a leading Indian online discount brokerage firm that provides a full range of financial services through its website and mobile application. It offers trading in various financial instruments such as equities, derivatives, mutual funds, and currencies.
Known for its low brokerage charges and user-friendly platform, 5Paisa also provides a wide range of research, trading and investment tools to help traders and investors make informed decisions. It is India's first and only digital financial services provider that offers a comprehensive suite of products and services to customers. The company is owned by IIFL (India Infoline) and is backed by the Tata Group, making it a trusted platform used by millions of customers across the country.
Key Functionalities of 5Paisa
- Stock Trading: The stock trading app offers a comprehensive suite of services. It provides real-time quotes, access to over 1,500 stocks and mutual funds, and various advanced trading tools and strategies.
- Mutual Funds: The fintech platform provides access to a wide range of mutual funds from leading fund houses. It offers a unique 'Smartwala' feature that helps customers create a personalized portfolio based on their risk appetite.
- Life Insurance: Online trading portal provides a wide range of life insurance products from leading insurers. Customers can choose from various term plans, endowment plans, ULIPs, and more.
- Loans: The stock market trading app provides access to many personal, home, business, and other loans. The platform also offers an easy and hassle-free application process.
- Investment Advisory: The online trading platform provides personalized investment advice to customers. This includes portfolio recommendations, insights into stock markets, and more.
Benefits of Using 5Paisa Trading Platform
- Convenience: The fintech platform provides a convenient and hassle-free platform to access various financial services. Customers can access stock trading, mutual funds, life insurance, and more from their homes.
- Easy Registration: The software provides an easy registration process. All customers need to do is fill out a few details, and they can get started.
- Low Costs: The online trading portal offers some of the most competitive charges in the industry. This helps customers to save on costs and get better returns.
- Security: It provides a secure platform to access financial services. It uses advanced encryption technology and follows strict security protocols to protect customer data.
- Advanced Features: The online trading platform provides a range of advanced features and tools for customers. This includes real-time quotes, personalized portfolios, advanced trading tools, and more.
How do 5Paisa's brokerage fees compare to other online discount brokerage firms in India?
5paisa offers a flat rate of Rs. 10 per trade for equity delivery trades, regardless of the trade value. For intraday and derivatives trades, it charges a flat rate of Rs. 20 per trade. This is significantly lower than the brokerage fees charged by many of its competitors. However, it's important to note that other fees such as account opening and annual maintenance charges, and GST may apply.
What are 5paisa Demat Account Charges?
- 5Paisa charges a one-time account opening fee of Rs.300 + GST for opening a Demat account.
- Annual maintenance charges (AMC) of the Demat account is Rs.300 + GST per annum, which is charged on a pro-rata basis, starting from the date of account opening.
- 5Paisa also charges a quarterly transaction statement fee of Rs.30 + GST per statement.
- 5Paisa also charges for other services such as pledges, lien, rematerialization, dematerialization, and other related services.
It's always good to check with the firm for the latest charges as brokerage firms are known to change their charges from time to time.