Published on Wednesday, April 4, 2018 | Modified on Wednesday, May 30, 2018
|Simple and low brokerage at flat ₹10.||No commodity tradings.|
|Free trading platforms for web, desktop and mobile.||No 3-in-1 accounts.|
|Free research advice on trading.||Average customer service.|
|Paperless Aadhaar account opening process.|
|Part of IIFL, a popular non-banking financial institution.|
|Listed in NSE and BSE.|
5paisa.com is a discount broker based in Mumbai. It is part of a leading financial services companies - IIFL which has over 2.9 million customers. 5paisa offers services in stock trading, insurance, and mutual funds. It is listed in BSE and NSE and claims to have over ₹3000 crore in turnover per day.
5paisa was relaunched with a new brokerage model for online broking services in 2016. In 2016, IIFL demerged 5Paisa from the company into 5Paisa Capital. The company leverages innovative technology to offer low-cost trading services. Being a 100% online broker, the company's customer base includes millennials and people from tier-3 and tier-4 cities.
5Paisa 'School' is an initiative towards customer education in trading. It offers various courses on stocks & derivatives trading, technical analysis, insurance, and mutual funds. The courses are designed for traders of all level- beginners, intermediate, and pro. There are also videos and articles available on that are good in understanding various aspects of trading and personal finance.
5paisa Trade Station is a powerful desktop trading platform. You need to install it on your desktop computer to trade. Some of the key features offered by the platform are:
You can also trade on 5paisa on the web browser. The platform is available on Chrome, Firefox and Internet Explorer. Key features of the platform are:
5Paisa offers a mobile app for trading. The app is available on Apple iOS and Android platforms. Some of the key features are:
Buy and sell are considered as 2 separate orders for calculating brokerage.
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