5Paisa Review 2022

Features of 5Paisa Products

5Paisa has several noteworthy features, which is why it has captured the imagination of its customers. Some of these include:

• The most significant and eye-catching feature is the nominal and flat brokerage fee. Currently, this has been pegged at Rs 10 irrespective of the trade volume.
• No brokerage charges are incurred if your investment is made for the long term.
• You can count on their advanced technologies and tech-driven trading options.
• 5Paisa is a reputed fintech startup well versed in 100% online trading platforms.
• It offers free equity delivery transactions, and all other transactions are charged at a flat rate.
• You avail of their cheaper brokerage charges.
• Everything is transparent and takes place through an online route.
• The account opening process is less cumbersome and takes place at lightning speed! For instance, you can open an online account in just a couple of minutes!
• You can opt for free mutual fund investment alternatives. Hence, you do not have to bear the additional brokerage charge.
• They have a mechanism of Robo Advisory service. It is appreciated for being based on Artificial Intelligence.
• The Mutual Fund Account is incorporated with the latest tool named Auto Investor tool. This is incredibly helpful as it provides free advisory on different Mutual Funds.
• Depending on your need, you can go for any two types of accounts: trading or mutual fund.

Pros and Cons of 5paise

Like any other brokerage firm, even 5Paisa has its share of pros and cons. Let us delve a little deeper into them.

Pros

• Lowest brokerage charges at Rs. 10 flat on every order.
• It has a sound Roby advisory mechanism in place for mutual funds.
• You can rely on a single app for equity trading, mutual fund investment, and IPO.
• Offers its own Demat account
• Offers user-friendly HTML 5-base trading platform
• Provides different school products like online education concerning markets for free.

Cons

• Absence of branches across the country.
• Imposition of call in trade charges.
• Absence of any monthly plan.
• Not up to mark customer service.
• Non-availability of GTC.

5paisa offers 2 types of accounts

Depending on your needs and requirements, you can choose from 2 different account

All-in One Investment Account

This account is best known for blending 3 things:

• Trading
• Demat 
• Free Mutual Fund Account.

Here, your 5paisa Demat account and 5paisa trading account interlinks. Owing to this interlinking, you have a seamless trading experience.

For instance, if you buy any investment through your trading account, you can take its delivery in the Demat account. Conversely, when you resort to selling an investment, the same gets quickly debited.

All-in-One-Account is best suited for individuals interested in trading derivatives, commodities, equity, currency, and other segments.

Mutual Fund Account
This account is especially designed for mutual fund investors. This enables them to derive twin benefits:

• You get a free mutual fund account
• You are entitled to invest in both regular and direct plans.

5paisa is a discounted broker offering a trading platform

Today, 5paisa has emerged as a fast-growing discount broker across India. It accommodates a diverse selection and preferences of investors.

These investors do not have to restrict themselves to a particular investment criterion. You can invest and trade in services in various segments, including:

• Stocks.
• Derivatives (F&O) and
• Currency.

How to open an account with 5paisa?

If you are interested in opening an account with 5paisa, the process is very hassle-free. Adhere to these simple steps:

Step 1: Go to the official website of 5Paisa.

Step 2: Fill in your details.

Step 3: Upload your documents like :

• Aadhar card
• Pan
• Cancelled cheque
• Bank statement of 6 months
• Photo and
• Signature

Step 4: Proceed to make payments for account opening charges.

Step 5: Do the necessary E-Signature with the help of your Aadhar OTP.

Step 6: Wait for around 24 to 48 hours to get your account activated.

Step 7: You will get all your 5paisa login credentials in your registered email.

Whereas the offline account opening process is less tedious. You have to do the following:

• Download the application form.
• Print it.
• Fill it up
• Attach physical copies of all documents required (same as the online process)
• Send it to the 5paisa Mumbai office.

5 paisa review: What I Like about 5 Paisa

5Paisa is world-renowned for having unbelievable features incorporated into its brand. For instance, you will find:

• Cutting-edge trading platform
• All-in-one account
• Free Stock Recommendations and
• Innovative Pricing Plans

Their pricing plans deserve a special mention. The prices of these plans are designed to suit the needs of varied categories of investors.

These plans have been designed keeping in mind different investment requirements of investors. This is the reason why these plans are equally beneficial for:

• Beginners
• Traders
• Experienced investors

What I didn’t like about 5 Paisa

5paisa has let me down in terms of its charges. Several hidden charges are not very apparent. For instance, as a new investor, I faced a peculiar situation when I invested smaller amounts.

 Most of the time, the earnings eventually disappear in the form of: 

• DP taxation charges.
• DP transaction charges.
• DP maintenance charges.
• Delayed payment fees etc.

Similarly, I found myself helpless when I wanted to withdraw money from my account. You need to maintain a minimum balance of Rs. 450 to withdraw.

This withdrawal-related problem is not restricted to merely keeping a minimum balance of Rs. 450. Even if the balance exceeds this limit, you may experience difficulties in withdrawing funds.

On account of this, you ought to take note of such unfavourable policies.

5 paisa Brokerage Plans 2022

The following are the details about different 5paisa Brokerage Plans

5paisa Basic Plan

5paisa Power Investor Pack

5Paisa Brokerage Charges Details

5Paisa is different from other broking firms, and it does not impose a brokerage fee. Most of the time, the brokerage fee is levied on placing the trade or order. This is thereafter deducted from your portfolio.

They offer the online trading facility at the best-discounted rates. Currently, they charge a flat fee of Rs. 20 per order. If you wish to make more savings in this regard, you can choose their add-on packs.

Below are the details about 5Paisa Brokerage Charges:

The Final Thoughts about 5paisa

If the best discount brokers in India are your criteria, go for 5Paisa! It does make sense owing to reasons like:

• Great trading platforms
• Low brokerage
• Options of suggestions

5Paisa has everything for everyone, from an experienced trader to a new investor. Just bear in mind it does lack in the area of customer service. Nevertheless, it is still worth your investment and time.

This article has covered different aspects to gain a better understanding. It covers a wide range of reviews, brokerage charges, Demat accounts, features, benefits, and more.

5Paisa is witnessing a fast and sporadic growth as the best discount broking house. They do enjoy a good reputation and rating from their clients. At present, this rating is 8.38 of 10.

Anyone with good trading knowledge will acknowledge 5Paisa offers a hassle-free online trading experience. I hope you liked our article on 5paisa review, if you have any comments or suggestions do share them in the comments below.