Saturday, November 26, 2022

5paisa

5paisa is one of the fastest growing discount brokers in India. Broker provides tools and features relevant to both traders and investors.

Product Basket

The segments in which you can invest through this broker

 Equity

Options

 Currency

Futures

 Commodity

Trading Platforms

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, Full Platform Details.

Trade Station Web

Trade Station Exe

Mobile App

Charges

Account Opening Charges – Free

Account Maintenance Charges – ₹45 (per Month)

Call and Trade – ₹100

Brokerage Charges

Equity Delivery  – ₹20

Equity Intraday – ₹20

Equity Futures – ₹20

Equity Options – ₹20

Currency Futures – ₹20

Currency Options – ₹20

Commodity Futures – ₹20

Commodity Options – ₹20

Margins

Equity Delivery  – 4x

Equity Intraday – 20x

Equity Futures – 4x

Equity Options – 4x

Currency Futures – 3x

Currency Options – 0x/3x

Commodity Futures – 2x

Commodity Options – 0x

Pros

  • 5paisa is backed by IIFL group. IIFL is the well known India NBFC with the experience of more than 2 decades.
  • 5paisa provides 2 different plans as per your trading needs.
  • 5paisa offers Free fundamental, technical and derivative research reports.

Cons

  • 5paisa charges very high Demat transaction Charge.
  • High Exchange Transaction Charges compare to peers.
  • Call and Trade facility is available but charges are very high.
  • Does not provides NRI services.

Additional Features

Extra features provided by the broker at little or no extra cost.

 3 in 1 Account

 Free Trading Call

 Fee Research Report

SMS Alerts

 Margin Funding

Margin Against Share

More Investment Options

Services provided by the broker for investing in other financial assets.

 Mutual Funds

 IPO

 Bond and Debt Assets

ETFs

Insurance