5paisa Review 2023
- DayTrading Review Team5pasia will appeal to Indian investors looking for low-cost stocks and derivatives trading on a feature-rich mobile app.
5paisa is one of India's fastest growing discount brokers, with 3.3 million registered customers. The financial services provider offers multi-asset trading opportunities spanning thousands of stocks, IPOs, commodities and currency pairs. The brand's pricing model is transparent, with flat fees per transaction including a ₹20 commission per stock trade.
Trusted
Trade Signals
Forex Trading
5paisa supports forex trading through futures and options on four major currencies paired with the Indian rupee. There is a flat fee of ₹20 per order. Currencies can be traded through the Apple and Android-friendly mobile app.
Stock Trading
Stock trading is supported for more than 5,000 companies across the nation's two biggest stock exchanges. You can also speculate on IPOs, boost position sizes with borrowed funds, and benchmark your portfolio against Nifty & Sensex.
✓ Pros
- 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
- Two powerful platforms with stock screeners, financial calculators and daily news streams
- The options margin calculator allows you to work out your take home for each trade
- Easy-to-use mobile app compatible in eight languages
- Discount broker with ₹0 commission for mutual funds
- 5paisa has a quick and paper-free opening process
✗ Cons
- A minimum account balance of Rs 450 must be maintained in the brokerage account
- 5paisa’s mobile trading charges are expensive, at INR 100 per call
- Server downing issues have been reported
- There is no live chat support
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, currency, futures, options, 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’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:
- Optimum – No monthly plan charges and INR 20 per order.
- Platinum – INR 499 per month and INR 10 per order.
- Titanium – INR 999 per month and INR 10 per order (no charges on stock orders).
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:
- Currency Futures – 1:1
- Equity Intraday Trading –Up to 1:4
- F&O Exposure Intraday – Up to 1:5
- Option Writing Exposure –Up to 1:4 on normal days and 1:6 on expiry days
Opening Hours
As 5paisa is an Indian broker, its opening hours are in IST (GMT + 05:30).
- Pre-Opening Session: 09:00 – 09:15 IST (04:30 – 04:45 GMT)
- Trading Session: 09:15 – 15:30 IST (04:45 – 11:00 GMT)
- Closing Session: 15:40 – 16:00 IST (11:10 – 11:30 GMT)

Customer Support
5paisa’s contact details are:
- Email Address: support@5paisa.com
- Telephone: +91 89766 89766
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.
Payment Methods
5paisa Details
Minimum Trade | $0 |
---|---|
Regulated By | SEBI |
Account Types |
|
Islamic Account | No |
Mobile Apps | iOS & Android |
Margin Trading | Yes |
Volatility Index | No |
Spot Trading | No |
Perpetual Swaps | No |
ELWs | No |
REITs | No |
AI / Machine Learning | No |
Robo Advisor | No |
P2P Trading | No |
Negative Balance Protection | No |
VPS Hosting | No |
Tournaments | No |
Demo Competitions | No |
Managed Accounts | No |
Market Maker | No |
Social Trading | No |
Trade Signals | Yes |
Guaranteed Stop Loss | No |
Stock Exchanges |
|
Forex Trading Details
GBPUSD Spread | N/A |
---|---|
EURUSD Spread | N/A |
EURGBP Spread | N/A |
Assets | 4 |
Compare 5paisa
Compare 5paisa with similar brokers that accept traders from your location. Among available brokers these are the most similar to 5paisa:
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IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
Go to IG Group -
Just2Trade – Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.
Go to Just2Trade -
Forex.com – Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they provide a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.
Go to Forex.com
5paisa Comparison Table
5paisa | IG Group | Just2Trade | Forex.com | |
---|---|---|---|---|
Rating | 2.5 | 4.4 | 3.5 | 4.5 |
Markets | Forex, Stocks | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting | Stocks, ADRs, ETFs, Futures, Options, Commodities, Bonds | Forex, Spot Metals |
Demo Account | No | Yes | Yes | Yes |
Minimum Deposit | INR 450 | $0 | $100 | $100 |
Minimum Trade | $0 | 0.01 Lots | 0.01 Lots | 0.01 Lots |
Regulators | SEBI | FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA | CySEC, NFA, FINRA, Bank of Russia | NFA, CFTC |
Bonus | – | – | Up to $2,000 for professional accounts | Active Trader Program With A 15% Reduction In Costs |
Education | No | Yes | No | Yes |
Platforms | Own | MT4, AutoChartist, TradingCentral | MT4, MT5, TradingCentral | MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral |
Leverage | – | 1:30 (Retail), 1:250 (Pro) | 1:20 | 1:50 |
Payment Methods | 1 | 6 | 20 | 8 |
Visit | Visit | Visit | Visit | Visit |
Review | 5paisa Review |
IG Group Review |
Just2Trade Review |
Forex.com Review |
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.
5paisa | IG Group | Just2Trade | Forex.com | |
---|---|---|---|---|
CFD | No | Yes | Yes | No |
Forex | Yes | Yes | Yes | Yes |
Stocks | Yes | Yes | Yes | Yes |
Commodities | No | Yes | Yes | Yes |
Oil | No | Yes | Yes | Yes |
Gold | No | Yes | Yes | Yes |
Copper | No | Yes | No | No |
Silver | No | Yes | Yes | Yes |
Corn | No | No | No | No |
Crypto | No | Yes | Yes | No |
Futures | Yes | Yes | Yes | No |
Options | Yes | Yes | Yes | Yes |
ETFs | No | Yes | Yes | No |
Bonds | No | Yes | Yes | No |
Warrants | No | Yes | No | No |
Spreadbetting | No | Yes | No | No |
Volatility Index | No | Yes | No | No |
5paisa vs Other Brokers
Compare 5paisa with any other broker by selecting the other broker below.