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5Paisa is a leading discount brokerage firm in India, offering low-cost trading services to beginners and experienced traders. Known for its flat-fee brokerage model, it provides access to multiple financial markets, including stocks, commodities, and forex.
This review covers all aspects of 5Paisa, including regulation, trading instruments, fees, platforms, account types, and customer service. If you’re a beginner, this guide will help you decide whether 5Paisa is right for you.
5Paisa Key Features
- Flat ₹20 brokerage per trade, regardless of volume.
- Trade in stocks, derivatives, commodities, and forex.
- No commission on direct mutual fund investments.
- Powerful trading platforms for mobile, web, and desktop.
- Research and advisory tools for informed trading.
- Margin trading facilities for higher leverage.
- Quick and easy account opening with zero paperwork.
- Educational resources for new investors.
5Paisa Regulatory Status & Licenses
5Paisa operates under strict SEBI (Securities and Exchange Board of India) regulations. It is also a registered member of major stock exchanges like BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).
| Regulatory Authority | License Number | Fund Protection | Negative Balance Protection | Country |
|---|---|---|---|---|
| SEBI | INZ000010231 | Yes | Yes | India |
| NSE | 13411 | Yes | Yes | India |
| BSE | 4043 | Yes | Yes | India |
| CDSL | IN-DP-CDSL-312-2005 | Yes | Yes | India |
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5Paisa Trading Instruments
5Paisa provides access to multiple asset classes, allowing traders to diversify their portfolios.
| Asset Class | Number of Assets | Leverage | Spreads (Typical) |
|---|---|---|---|
| Equities | 5,000+ | Up to 5x | Variable |
| Commodities | 100+ | Up to 3x | Variable |
| Currencies | 25+ | Up to 2x | Variable |
| Futures | Multiple | Up to 5x | Variable |
| Options | Multiple | Up to 5x | Variable |
| Mutual Funds | 2,000+ | N/A | N/A |
| IPOs | Varies | N/A | N/A |
| Bonds | Multiple | N/A | N/A |
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5Paisa Trading Platforms
5Paisa offers three trading platforms for different types of traders: mobile app, web-based platform, and desktop terminal.
| Platform | Availability | Features |
|---|---|---|
| Mobile App | iOS, Android | Real-time data, advanced charts, alerts |
| Web Platform | Web browsers | One-click trading, portfolio tracking |
| Desktop Terminal | Windows | Custom indicators, algo trading, fast execution |
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5Paisa Mobile App
The 5Paisa mobile app is one of its strongest features. It allows users to trade on the go with easy navigation, real-time data, and research tools.
| Feature | iOS Rating | Android Rating |
|---|---|---|
| User Interface | 4.3 | 4.2 |
| Functionality | 4.2 | 4.1 |
| Performance | 4.1 | 4.0 |
| Overall Satisfaction | 4.3 | 4.2 |
5Paisa Account Types
5Paisa offers a single account type, but users can subscribe to different add-on packs for extra features.
| Account Type | Minimum Deposit | Leverage | Spreads | Commission |
|---|---|---|---|---|
| Standard Account | ₹0 | Up to 5x | Variable | ₹20/order |
5Paisa Commissions & Fees
5Paisa follows a flat brokerage model, meaning traders pay ₹20 per executed order, regardless of trade size.
| Fee Type | Standard Account | ECN Account | VIP Account | Swap-Free Account |
|---|---|---|---|---|
| Brokerage Fee | ₹20/order | N/A | N/A | N/A |
| Annual Charges | ₹0 – ₹399/year | N/A | N/A | N/A |
| Withdrawal Fee | ₹0 | ₹0 | ₹0 | ₹0 |
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5Paisa Deposit & Withdrawals
5Paisa supports multiple payment methods with no deposit fees and fast withdrawals.
| Payment Method | Deposit Fee | Withdrawal Fee | Processing Time |
|---|---|---|---|
| UPI | ₹0 | ₹0 | Instant |
| Net Banking | ₹0 | ₹0 | 1 Business Day |
| Bank Transfer | ₹0 | ₹0 | 1 Business Day |
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5Paisa Customer Support
5Paisa provides customer support via phone, email, and live chat.
| Support Channel | Availability | Response Time | Languages |
|---|---|---|---|
| Phone Support | 9 AM – 6 PM | Fast | English, Hindi |
| Email Support | 24/7 | Medium | English, Hindi |
| Live Chat | 24/7 | Fast | English, Hindi |
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5Paisa Education & Research
5Paisa provides valuable educational resources, including webinars, tutorials, and in-depth market research reports.
| Resource Type | Availability | Quality |
|---|---|---|
| Webinars | Yes | High |
| Tutorials | Yes | High |
| Market Research | Yes | High |
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5Paisa Google Reviews & Reputation
5Paisa has strong online ratings across Google Play, App Store, and Trustpilot.
| Rating Factor | Score (out of 5) | Trustpilot Rating | App Store Rating | Google Play Rating |
|---|---|---|---|---|
| User Experience | 4.3 | 4.2 | 4.3 | 4.2 |
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5Paisa Bonuses & Promotions
5Paisa occasionally offers promotions, including:
- Zero account opening fees for new traders.
- Referral bonuses for inviting friends.
- Discounted add-on subscriptions.
5Paisa Advantages & Disadvantages
| Pros | Cons |
|---|---|
| Low brokerage fees | No dedicated forex trading |
| User-friendly platforms | No physical branches |
| Excellent mobile app | Limited commodity options |
Final Thoughts
5Paisa is one of the best low-cost brokers in India. Its flat-fee brokerage model, easy-to-use mobile app, and SEBI regulation make it a great choice for beginner traders.
With strong research tools, customer support, and multiple asset classes, 5Paisa is a solid option for cost-conscious traders. However, those looking for international forex trading may find it lacking.