5paisa Review 2024

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Written By
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Written By
Tobias Robinson
Tobias is a partner at DayTrading.com, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.
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Fact Checked By
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Fact Checked By
William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.

2.5 / 5
5paisa is #34 in our broker rankings.
INR 450
Forex, Stocks, Futures, Options
Wire Transfer


  • Two powerful platforms with stock screeners, financial calculators and daily news streams
  • Huge investment offering including stocks, mutual funds, IPOs, ETFs, commodities and forex
  • Free educational content with blog posts, online courses and articles suitable for all experience levels


  • 5paisa’s mobile trading charges are expensive, at INR 100 per call
  • Server downing issues have been reported
  • A minimum account balance of Rs 450 must be maintained in the brokerage account

5paisa Review

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.


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.


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.


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 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:

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.


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.

Top 3 Alternatives to 5paisa

Compare 5paisa with the top 3 similar brokers that accept traders from your location.

  1. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.

  2. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.

  3. FOREX.com – Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.

5paisa Comparison Table

Compare 5paisa With Similar Brokers
5paisa Interactive Brokers IG FOREX.com
Rating 2.5 4.3 4.4 4.5
Markets Forex, Stocks, Futures, Options Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Forex, Stocks, Futures, Futures Options
Demo Account No Yes Yes Yes
Minimum Deposit INR 450 $0 $0 $100
Minimum Trade $0 $100 0.01 Lots 0.01 Lots
Bonus Active Trader Program With A 15% Reduction In Costs
Education No Yes Yes Yes
Platforms Own Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
Leverage 1:50 1:30 (Retail), 1:250 (Pro) 1:50
Payment Methods 1 6 6 8
Visit Visit Visit Visit Visit
Review Interactive Brokers

Compare Trading Instruments

Compare the markets and instruments offered by 5paisa and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

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

5paisa vs Other Brokers

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


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