5paisa Review 2022

Flag Traders in United States welcome

5paisa is a discount Indian brokerage with equities and derivatives trading on thousands of products.

InstrumentsForex, Stocks, Futures, Options
Demo AccountNo
Min. DepositINR 450
Payment Methods
Min. TradeNo
Regulated BySEBI
MetaTrader 4No
MetaTrader 5No
cTraderNo
OmniTraderNo
AlgoTraderNo
TradingViewNo
Trading CentralNo
AutochartistNo
eSignalNo
STP AccountNo
ECN AccountNo
DMA AccountNo
MAM AccountNo
PAMM AccountNo
LAMM AccountNo
Demat AccountYes
Mobile AppsiOS & Android
Margin TradingYes
Volatility IndexNo
Spot TradingNo
Perpetual SwapsNo
ELWsNo
REITsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionNo
VPS HostingNo
TournamentsNo
Demo CompetitionsNo
Managed AccountsNo
Market MakerNo
Social TradingNo
Copy TradingNo
Trade SignalsYes
Islamic AccountNo
Account Currencies
  • INR
Stock Exchanges
  • Bombay Stock Exchange
  • National Stock Exchange Of India
Forex Trading5paisa supports forex trading through futures and options on four major currencies paired with the Indian rupee.
Forex GBPUSD SpreadN/A
Forex EURUSD SpreadN/A
Forex EURGBP SpreadN/A
Forex Assets4
Risk Warning – Your capital is at risk

5paisa is an Indian discount broker that supports trading in a range of financial instruments, from delivery and intraday stocks to currency futures and commodity options. The broker offers a decent trading platform, well-reviewed mobile application and competitive leverage rates. Read on to discover the advantages and disadvantages of trading with 5paisa.

Platform

5paisa’s platform is available on any web browser, making it accessible from any device type. 5paisa’s trading website allows you to execute trades on all assets offered by the broker, as well as draw together your positions, view your portfolio and keep updated with the latest trading news.

For more frequent traders, 5paisa offers its Trade Station platform,which is an downloadable client with charting and advanced trading analysis tools. The advanced application offers features for comparing stock prices and maximising profit potential.

Markets

5paisa offers a handful of markets, including stocks, currencyfuturesoptions, mutual funds and insurance products. The range of equities and derivatives is competitive, though some traders looking for more diverse portfolio options may be better served by brokers with cryptocurrencies and commodity CFDs.

Additional Features

Smart Investor

5paisa users can access ‘Smart Investor’ for INR 4,99. This platform is perfect for the trader that wants consistent advice and trusted tips. The model portfolio, idea list, market outlook and stock evaluation features all combine to create a platform for clients to stay updated on new trends and stocks to watch, as well as a good place to evaluate all the key information available. The algorithms suggest the best stocks for you to trade based on fundamentals and performance patterns.

Smallcase

5paisa users can also use ‘Smallcase’, which highlights a stock portfolio that has large earning potential and is estimated to perform well in current market conditions. This comprehensive feature helps to minimise risk as users invest in a portfolio rather than a singular stock. The Smallcase platform is user friendly, allowing you to buy, sell and alter trades at any time.

Swing Trader Tool

This tool can be accessed through 5paisa and is great for traders with short term goals. The swing trader site provides trading tips alongside critical analysis to help make profits.

Mobile Apps

5paisa online trading app and login registration
5paisa Mobile App

5paisa’s mobile app is one of few mobile trading platforms available from Indian brokers. With reviews averaging over four stars, the app seems to be easy to navigate but mostly useful for small traders who like to make quick trades on the go. The mobile app uses advisory features to provide a great user experience but has a lack of customisation and analysis tools.

Account Types & Fees

5paisa has flat rate charges per order that differ between account types. The more you pay for your account type, the less you pay per order. It is important to note that your 5paisa account must have at least INR 450 in it at any time.

Account charges:

Leverage

Leverage trading allows you to take larger positions for the possibility to magnify your profits, or your losses. Below is a list of the leverage rates 5paisa offers:

Benefits

Drawbacks

Opening Hours

As 5paisa is an Indian broker, its opening hours are in IST (GMT + 05:30).

5paisa trading analysis platform with charting capabilities
5paisa Trade Station Platform

Customer Support

5paisa’s contact details are:

5paisa Verdict

5paisa is a competitive Indian stockbroker with a range of equities and derivatives, a sleek mobile app and a good selection of account payment plans. The discount broker is an accessible option for newer traders with less capital, experience and time on their hands, though investors with more capital may prefer the more advanced features and improved asset ranges of larger brokers.

FAQs

How Can I Reach 5paisa’s Customer Support?

You can email the support team at support@5paisa.com or you can use the brokerage’s contact number +91 89766 89766.

How Do I Login To 5paisa?

You can login to your 5paisa account on the broker’s website or through its mobile application.

Is 5paisa A Discount Broker?

Yes. 5paisa is an Indian discount broker that charges a flat fee of INR 20 per trade, or zero on stock deliveries for the titanium plan (INR 999 per month).

How Do I Use 5paisa To Trade?

To get started with 5paisa you must first set up an account. If you already have a Demat account, you can just open a trading account, otherwise you can use the broker’s ‘all-in-one’ account. Once registered, simply log in and get trading.

What Are 5paisa’s Fees?

5paisa clients are subjected to commission charges on every order, which can be reduced by signing up to (and paying for) improved monthly plans. Without upgrading, the commissions are INR 20 per order. For INR 499 a month, charges are dropped to INR 10 per order. For another INR 500 (999 total), stock delivery charges are wiped out completely, though other assets are still charged.

Accepted Countries

5paisa accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Compare 5paisa

Compare 5paisa with similar brokers that accept traders from your location. Among available brokers these are the most similar to 5paisa:

  1. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.
  2. Forex.com – Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.
  3. eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets. Crypto Trading is offered via eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply.79% of retail CFD accounts lose money.
  4. Moomoo – Moomoo is an app-based stock broker that offers trading in US, Hong Kong and Chinese shares. Clients can get started with a sign-up bonus and $0 minimum deposit.

5paisa Comparison Table

Compare 5paisa With Similar Brokers
5paisa IG Group Forex.com eToro Moomoo
Rating 4.4 4.5 4.1 3.8
Markets Forex, Stocks Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Stocks
Demo Account No Yes Yes Yes Yes
Minimum Deposit INR 450 £250 $100 $10 $0
Minimum Trade No 0.1 lots $1 $10 No minimum
Regulators SEBI FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin CySEC, IIROC, NFA, CFTC, FCA, CIMA FCA, CySEC, ASIC, FSA SEC, FINRA, MAS
Bonus No Get up to 15 free stocks worth up to $2000
Education No Yes Yes Yes No
Platforms MT4 MT4
Leverage 1:30 1:200 None
Payment Methods 1 6 8 14 2
Detailed Comparison 5paisa vs IG Group 5paisa vs Forex.com 5paisa vs eToro 5paisa vs Moomoo
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Review 5paisa
Review
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Forex.com
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eToro
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Moomoo
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Compare Trading Instruments

Compare 5paisa Trading Instruments
5paisa IG Group Forex.com eToro Moomoo
CFD No Yes Yes No No
Forex Yes Yes Yes Yes No
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes No
Oil No Yes Yes Yes No
Gold No Yes Yes Yes No
Copper No Yes No Yes No
Silver No Yes Yes Yes No
Corn No No No Yes No
Crypto No Yes Yes Yes No
Futures Yes Yes Yes No Yes
Options Yes Yes Yes No Yes
ETFs No Yes No Yes Yes
Bonds No Yes No No No
Warrants No No No No No
Spreadbetting No Yes No No No
Volatility Index No Yes No Yes No

5paisa vs Other Brokers

Compare 5paisa with any other broker by selecting the other broker below.

5paisa vs
5paisa is a discount Indian brokerage with equities and derivatives trading on thousands of products.