5Paisa Review 2021 – Unbiased Review

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Last Updated : 5th March 2020

5Paisa Review is the second-largest discount broker company headquartered in Mumbai, India. It is a part of a leading financial services company in India named India Infoline (IIFL Group). The company was re-launched in 2016 with the new brokerage model for retail broking services.

We will be providing complete 5Paisa Review in this article below. So Let’s Get Started! We Have Also Reviewed Zerodha & Upstox Trading Platform Go Check It Out.

5Paisa Review is the second-largest discount broker company headquartered in Mumbai, India. It is a part of a leading financial services company in India named India Infoline (IIFL Group). The company was re-launched in 2016 with the new brokerage model for retail broking services.

IIFL group was incorporated in 1995 offering many financial products through more than 1000 branches. India Infoline used the 5Paisa brand for its retail broking business for a long time.

We will be providing complete 5Paisa Review in this article below. So Let’s Get Started! We Have Also Reviewed Zerodha & Upstox Trading Platform Go Check It Out.

5Paisa offers to trade across futures & options, equity, commodity and currency segments on BSE, MCX, and NSE at a flat fee of Rs 10 per transaction. The company has a membership of BSE and NSE. It is not mandatory to have a 5Paisa Demat account. You can link any other Demat account with a 5Paisa trading account. 5Paisa does not charge extra for trading through desktop, web, and mobile applications. The company provides term, health, and auto insurance as the broker has tied up with many famous insurance companies such as Bajaj Allianz, ICICI Pru, Reliance General, and many more.

Comparison of 5Paisa Brokerage charges with ICICI Securities and Sharekhan

  • Comparing the 5 Paisa brokerage charges with ICICI securities and Sharekhan, it is clear that the brokerage of ICICI Securities ranges from 0.5 to 0.55% per trade and from 0.1 to 0.5% per trade for Sharekhan while it is fixed to be Rs.10 for 5 Paisa. 
  • Also, the ICICI Securities and Sharekhan are Full-service Providers whereas 5 Paisa is a Discount Service Broker.

March 2021 Update – Special Limited Offer With 5paisa

5paisa offers the free trading account and allows you to save Rs. 650 on trading account opening. 5paisa offers All-in-1 account which is a 2-in-1 5paisa online share trading and demat account. With this 2-in-1 account, you can enjoy the hassle free trading and get access to Robo Advisory and mutual funds.

Below are the benefits of using trading account of 5paisa:

  • There are hidden charges and order size.
  • You do not need to pay the account opening charges of Rs. 650 with this special offer.
  • There are no account maintenance charges.
  • Brokerage rate is very minimal of Rs. 20.

5Paisa Review – Different Types Of Charges

Clients pay brokerage while selling or buying stocks through 5Paisa. Below are the brokerage charges for Currency, Commodities, and equity trading for 5Paisa.

5Paisa Brokerage Charges


Brokerage Fee

Monthly Fee


Equity Delivery

Rs 10 per order

Equity Intraday

Rs 10 per order

Equity Futures

Rs 10 per order

Equity Options

Rs 10 per order

Currency Futures

Rs 10 per order

Currency Options

Rs 10 per order

Commodities Futures

Rs 10 per order

Commodities Options

Rs 10 per order

5Paisa Account Opening & Annual Charges

Below are the Account Opening & Annual charges for Currency, Commodities, and equity trading for 5Paisa.

Trading Account Opening Charges (One Time)

Rs 650

Trading Annual Maintenance Charges AMC (Yearly Fee)


Demat Account Opening Charges (One Time)


Demat Account Annual Maintenance Charges AMC (Yearly Fee)

Rs 400


5Paisa Review – Trading Platform & Tools

5paisa provides some in house trading platforms which are available to be used on desktop, web and mobile app.

5paisa Trade Station – Desktop Based Trading Platform

5paisa Trade Station is a desktop-based trading platform and provides the trading terminal to its customers. The software has features such as the historic charts and advanced intraday. This software has various shortcuts that help to trade fast. 

5paisa Trade – Web Based Trading Platform

This is the web-based trading platform which is available and can be used on web browsers such as Internet Explorer, Chrome and Firefox. This can be used on multiple segments and that too with single login credentials. It has features such as advanced charting tools, streaming quotes, live stock tip, technical analysis, fast broadcast and technical analysis. It allows starting the SIP to also directly using this trade station.

5 Paisa Mobile App

5paisa also provides a mobile-based application for its customers. This application can be downloaded on mobile using Google or Apple store. This app has features such as livestock market quotes, opening of online share trading account easily, and advanced charting, trading options in currency segments, Equity and Future & Options.

Additional Products By 5paisa

5paisa also offers more research-based investment tools and trading platforms.

Algo Trading

It is an automated trading tool which is based on some pre-defined parameters.

Swing Trader

It is a research-based tool which includes the technical and fundamental analysis to invest in short term equity.

Smart Investor

It is another research-based tool for equity that guides the buying and selling of stocks step by step. The tool allows building a stock portfolio which is handpicked by the expert team. The stocks can be evaluated for more than 4000 companies on the basis of proprietary ratings, pattern recognition chart and custom checklist. This tool is subscription-based and has charges 4999 + 18% GST.


Smallcase provides a smart way to invest n the portfolios of stocks. The customers can choose Smallcase based on the theme and can manage multiple portfolios.


Sensibull helps to give the best option to its customers based on the interest of the client towards the market or stock. Customers can view the graphs and track the trades so that they can do the scenario analysis.

5Paisa Review – My Experience With 5Paisa So Far

I really had a lovely experience with 5Paisa. I have been trading with 5Paisa for a long time. Before that, I was using some other trading platform and I came to know about 5Paisa Review from my friend and I researched the internet for 5Paisa review and realized that it is actually beneficial. 

It provides quite decent services. I go through my regular trading for mutual funds investment, futures and options, and stocks from its platform. I can easily do all my trading activities as it offers one of the best trading platforms. 

It charges a flat Rs. 10 per executed order or transaction, which is surely the best part of it. I was able to save up to 90% on the brokerage cost using 5paisa.With the exception of the trading platform, 5 Paisa also updates with regular tips and recommendations that helped me in making the right decisions while trading. Its website is very user-friendly having a special section called “Money Making Ideas” which updates you with good tips and ideas.

What I Like & What I Didn’t Like About 5Paisa

5Paisa is one of the best and well-known discount brokers in India. It has some pros and cons given below.



How To Open Demat Account In 5Paisa?

The account opening process with 5paisa is very easy and quick. The documentation part of 5paisa is very less and just requires are Adhaar Card, PAN Card, canceled cheque and income proof. Also, the account opening is paperless using Adhaar and all the investments can be handled by a single account.

There are many discount brokers and full-service brokers in the market that may meet your needs. But, I would recommend you 5Paisa because it is the best platform and proven for me. 

The Documents Required Are:

  1. PAN Card
  2. Adhaar Card
  3. Cancelled cheque
  4. Bank statement 
  5. Passport size photos 

5Paisa Review – Conclusion

5Paisa is growing fast day by day in the Discount Broking Market. It has a good customer rating (8 out of 10). If you are having great knowledge of trading then you must go with 5Paisa. It is one of the first discount brokers that offer Robo Advisory as well as share trading in a mobile application at the lowest price. 

5Paisa offers free mutual fund account, free research, and advisory support and great customer support services. You must open an account with 5Paisa if you know to trade. I assure that you would not regret it at all later. You also can check 5Paisa review online, if you want to know more to be fully satisfied before using it.

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