5paisa Trading | Review, Account, Charges, Demo, Online (2024)

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Established in 2016 and since then 5paisa has been offering various financial services to its customers, thus opening a path for 5paisa Trading for the enthusiastic investors and traders.

The firm believes to offer the lowest brokerage charges along with highly advanced and robust trading platforms.

Within its two years of emergence, the firm received the award of the “Best Digital Startup of the Year” and within the next 3 to 4 months, their mobile app got more than 1 million downloads.

Due to 5paisa impeccable research products and better financial services, the firm is known to have around 793,518 active customers to date. Thus making it the second-largest discount broker in India; Zerodha remains on the top.

But if you wish to open a demat account with this broker then you must have detailed information about the same.

So, let’s grab the details on 5paisa Trading!

5paisa Trading Review

Undoubtedly, before stepping into the investment world, you must have an in-depth analysis of the same through 5paisa Trading Review.

So, let’s understand what this broker has to offer to its customers.

5paisa Online Trading is one of the leading players in the financial markets that offers a wide range of products to its customers.

From equity to currency, commodity, mutual funds, derivatives, and even IPOs the firm got it all covered! Yes, you can apply in IPOs as well. Learn here onhow to buy IPO in 5Paisaand start putting up the applications.

5paisa Trading | Review, Account, Charges, Demo, Online (1)

As per the quarterly end audit report of Dec 2020, the firm is believed to make profits of Rs. 521.68 lakhs after tax deductions.

As said earlier, 5paisa Brokerage charges are pretty low as compared to other market competitors hence it becomes the choice of most of the investors.

The fact that the brokerage across commodity, currency, and stocks is only Rs. 20 per lot and even Rs. 10 per lot (if you opt for 5paisa Brokerage Plans); thus the cherry on the cake is the best price.

And don’t forget to add the 5paisa Benefits to your cake toppings! Sounds great, right?

Availing the best and advanced trading platforms– mobile, web, and desktop-based allow its customers to grab the below features:

  1. Smooth and seamless trading feature across several products such as mutual funds, equity, commodity, derivatives (F&O), and currency.
  2. Quick shortcuts and various tools such as scanners, small case investments, candlesticks charts, portfolio analysis, weekly reports, and much more!
  3. Orders at lightning speed with optimal performance.
  4. Lowest brokerage charges and two different plans.
  5. Actionable Ideas by international research and tools, to keep you ahead

To explore such experience and trade seamlessly, having a demat and trading account with the broker is a must.

5paisa Trading Account

With more than five million app users and an award-winning firm for the best mobile technology, it’s certainly why most investors and traders choose this broker.

If you wish to proceed for delivery trading with 5paisa, then having a trading account is a must. Though trading account comes along demat account, however, if you do not have a demat account then simply fill the form given as below-

Please Note: If you are an Intraday Trader, having a demat is not mandatory!

Enter the details as required by filling in the right name and valid mobile number. Once the details are filled in, our executive will call you right back to open a free of cost demat and trading account.

Documents Required for Trading Account

Prior to beginning the account process, you must know the essential documents or papers that you must have in a digital form and these are given as underneath:

  1. Pan card
  2. Aadhar card
  3. Passport size picture
  4. Scanned signature
  5. Bank cancelled cheque

In case you are below 18 years of age and wish to open a demat account, then you can open the same too, but don’t miss to have complete information on 5paisa minor demat account.

Once you know these documents list, you must know about the 5paisa trading online charges and they are covered in the below section.

5paisa Trading Charges

Perhaps for each investor and trader proper information of 5paisa Trading charges is highly crucial.

Although being a discount broker the charges are believed to be pretty low and affordable, however, we must know the 5paisa demat account charges before buying or selling stocks, shares, or any other underlying asset.

So, let’s have a look at the below table covering all Trading charges of 5paisa:

5paisa Trading Charges
Trading account opening chargesNIL
5paisa Brokerage Charges
Flat Brokerage Charge on Stocks, currency, and commodity (Basic Plan)Rs. 20 per order (Any value, any number of trades, any type, and any segment)
Flat Brokerage Charge on Mutual Funds (Basic Plan)Rs. 0
Brokerage Charge - Currency, commodity, and stocks (Power Investor and Ultra Trader)Rs. 10 per order

Hence, the trading account opening charges in 5paisa is NIL,which means you can open a 5paisa free demat account with the broker however the brokerage charge varies from plan to plan.

If you do not opt for any plan or choose the basic one, then a flat brokerage of Rs. 20 per order will be charged.

For mutual funds, no charge will be imposed on the trader or investor. Besides this, a value of Rs. 10 per order will be charged as a brokerage in currency, commodity, and other segments under (Power Investor and Ultra Trader).

5paisa Brokerage charges are known to be the lowest in the stock market as compared to other brokers. But there are some taxes imposed by the exchange, state and central government. Evaluate the total fees with the 5paisa brokerage calculator.

If you are new to trading and in the stock market, learn everything about the 5paisa trading platform through our section given videos.

5paisa Trading Platform

Now, we must look at the 5paisa Trading Platform and learn what type of platforms does it offer to its customers?

Platforms are the online sites from where one can buy or sell shares, stocks, or any other underlying security once he has opened a 5paisa demat account.

A good platform encourages the trader to make more trades and earn profits. In addition to this, it expands the experience of the investor or trader and if it runs at a lightning speed, then what more is required!

The 5paisa trading account and demat account allows to run highly advanced platforms such as

  • 5paisa Trader Station- Web
  • 5paisa Trading App- Mobile
  • 5paisa Trader Terminal-EXE
  • 5paisa Algo Trading Platform

If you wish to execute multiple orders in stocks, or any other underlying asset then 5paisa Station and 5paisa will assist you. On the off chance, if you plan to do Algo trading, then they have a dedicated app for the same too.

Through these 5paisa applications, you can take advantage of live updates from the major exchanges such as National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and Multi Commodity Exchange (MCX) markets, and trade on-the-go.

5paisa Trade Station

5paisa Trade Station is a web-based platform which is also known as Trade Station web hence you won’t require to download the app rather you can simply log in through your desktop, PC, or laptop.

If you are looking for an advanced and user-friendly platform then it’s a perfect choice for you which is loaded with excellent features to assure a better trading encounter for you!

Some of the features included in 5paisa Trade Station are listed as below-

  1. A robust web platform for lightning-fast trading and quick order execution.
  2. Automatic configuration and single-window view for all your wants.
  3. Sophisticated charts and personalized watchlist for smart investing judgments.
  4. Highly compatible to trade across your choice of browser – chrome, firefox, or safari.
  5. A combined view representing a smooth layer of your portfolio, order positions, and securities across equity, currency, commodity, and mutual funds.
  6. Consistent navigation with a user-friendly interface for an all-around better trading experience.
  7. Effortlessly examine stocks with detailed scrip data including charts, market depth, option chain, and much more!

Now, let’s explore another platform of 5Paisa!

5paisa App

If you wish to trade at your fingertips through your smartphones, then the 5paisa trading app is all you require!

Grabbing this highly-rated mobile app on Google with more than 5 million downloads is undoubtedly a wiser trading and investment choice.

The mobile application can be downloaded from two different platforms-

  • Google Play – for Android users
  • App Store – for iOS users

Now, let’s talk about some of the flawless features available in the 5Paisa App-

  1. An advanced single application for Stocks, Shares, Mutual Fund, Insurance, Loans, Research, and Advisory.
  2. Real-Time Tracking on the prices of stocks and quotes from major exchanges such as NSE, BSE & MCX.
  3. Swiftly transfer funds easily within the 5paisa trading app via Netbanking of more than 40 banks or via UPI for your investment and trading.
  4. Cutting edge and advanced charts with a broad range of studies and drawing functionalities for extensive technical analysis of stocks.
  5. One-click order placement and simply execute trades at a lightning-fast speed at a go.
  6. Research: Access the industry’s best stock research & tips to help you decide when to Buy and Sell Stocks with the help of products like – Smart Investor, Swing trader, Sensibull, Smallcases, Screeners

Do you know that in 2018 5Paisa Mobile app was awarded as the Best mobile trading application due to its outstanding innovations and complex tools?

5paisa Trader Terminal

If you wish to get a platform that you can download on your desktop, PC or laptop, then this 5paisa trader terminal EXE is all you require!

This 5paisa desktop app is the EXE version of the Trade Station Web and with a click on the EXE link, the file will automatically start downloading in your system.

It’s known to be a desktop application that prompts the trade of an active trader with speed and flexibility.

Underneath are some of the key highlights of Trade Station EXE-

  1. A Fast Execution of orders through superior functional terminals to trade or invest at a lightning speed.
  2. Extremely safe, reliable, and secured desktop-based trading platform.
  3. A convenient, instant, and hassle-free way to transfer funds
  4. Customized watchlists to trade smoothly and make better trading decisions.
  5. User-friendly platform with handy shortcut keys to enhance the convenience of active traders
  6. Comprehensive Charts with drawings and other real-time tools to monitor stock trends.
  7. Seamless navigation across a full range of investment products

5paisa Algo Trading Platform

To automatically trade in bulk orders with advanced and cutting-edge algo tools, the 5paisa Algo trading platform can be explored.

Finding a great algo trading platform is really exhausting, however, the 5paisa Algo app has all that you need such as:

  1. Pre-loaded bulk order tools with State-of-the-art infrastructure and cutting-edge technology platform.
  2. Well embedded Strategy Coding by industry experts. If not this, then take advantage of API documents and code it yourself.
  3. Have your fingers on the plug and playset. Get famous pre-loaded Algos, simply choose what suits your technique.
  4. Take advantage of a complete solution- build your own techniques, back-test the execution and deploy it live.
  5. Seamless integration of your techniques on the Algo trading platform for smooth and direct order placement.
  6. Apart from this, you get pre-loaded Algos that can meet your Algo trading techniques such as Amibroker Strategy, Jobbing Strategy, Pivot Strategy, Buy or Sell Call Execution Strategy, Bulk Buying or Selling Strategy, and Pair or Spread Trading Strategy.

5paisa Trading API

Use 5paisa Trading APIs at no additional costs and with free integration with your own trading tools.

Through these APIs, you can execute orders in real time, monitor your positions, manage your portfolio and much more.

The REST APIs can help you build a complete investment and trading platform in no time.

Some key benefits of 5paisa Trading APIs are listed as below:

  • Build your own trading interface while using your 5paisa Trading account
  • No additional costs
  • Secure and easy to implement
  • Flexible REST API compatible with multiple languages
  • With SDK’s for different programming languages like Python, Node JS and Golang

Now, let’s see how to have access to these platforms.

5paisa Trade Login

Once you have opened a demat and trading account with 5paisa, you must have been welcomed with login credentials.

The 5paisa login credentials include your username ID and a unique password. These credentials will be of no use if you have unclear information about the login process.

So, let’s understand the 5Paisa demat account login process in various trading platforms.

5paisa Trading Station Login

Follow the below procedure to login to different platforms of 5paisa Trading Station:

WEB- Simply navigate to the 5paisa website and click on the login button given in the right corner top side.

(just as below in the picture)

Once you click on the button, a screen like below will appear. Here enter your registered email, or client code or mobile number along with the password. Then tap on the “Login” button.

In case you have forgotten your password, then click on the Forgot password link (just below the login button) and the new password set up link will be shared via email.

DESKTOP EXE-

Download the application on your desktop, PC or laptop by clicking on the link shared above. Once the application is downloaded, enter your login details along with your password and Date of Birth in the given spaces.

5paisa Trading App Login

To complete the 5paisa trading app login process in your mobile follow the steps as given below-

Once the app is downloaded on your mobile, click enter your valid username, email id or registered mobile number along with your unique password.

As soon as you enter these important details, you can start your trading journey by buying and selling stocks, shares, and other underlying assets.

Now, let’s have a look at the post-login process i.e. how to trade on 5paisa Trading!

5paisa Trading Demo

If you have an interest in knowing how to place orders in 5paisa, then we got you covered!

Here are some of the basic 5paisa trading demo questions that can be helpful for smoothly executing trades-

  • Create Watchlist

To create a watchlist in the 5paisa Trading app, desktop, or web-based platform, click on the Watchlist tab on the top menu.

Now, click on the “Add scrips now” link and choose the stocks from the desired segments- Equity, Currency, and Commodity.

  • Place Buy Orders

To place buy orders, click on the desired stock, share, or other underlying assets from your watchlist and press the “Buy” button.

Enter the stock details such as price, quantity, order type, trading type, and click on the Submit button. Your buy order will be instantly executed.

  • Place Sell Orders

To place sell orders on 5paisa, choose the desired stock from watchlist or search button and then click on the stock. Select the “SELL” button and enter the quantity, price, exchange, order type, trading types, etc. and click on the “Sell Order” button.

After confirmation, the sell order will be placed on 5paisa.

  • Place 5paisa Bracket Order (BO)

To place a BO or Bracket order in 5paisa, choose the stock and then click on “Advanced button” on the corner left side of the screen. Select Bracket button and Intraday/ Delivery and validity options.

Enter the stop loss trigger price, and stop loss price and click on the “Buy” or “Sell” button. (depending on your position) Hence, through this way you can place bracket orders in 5paisa.

  • Place Stop loss

To place a stop loss in 5paisa, choose the stock or underlying asset, click on the “Advanced” button and choose the option of Stop Loss. Enter the validity, stop loss price, trigger price, and quantity, and tab on “Buy” or “Sell” button.

After a quick confirmation, Stop loss order will be placed.

Apart from this, some of the answers to such important questions have been presented in the FAQ section.

  • Convert Intraday to Delivery Trading in 5Paisa

Also, the trading terminal helps you to convert your position in certain cases where the stock seems to provide better returns in the delivery trade. All you have to do is to open the scrip and click on the convert position.

Just make sure that you have enough margin in the trading account and further the order you placed for intraday does not include bracket or cover order.

5paisa Trading Time

Though trading time in different brokers is almost the same however its important to verify 5paisa timing before beginning the trading journey.

With a random closure of 1 minute, below is the 5paisa Trading time:

5paisa Trading Time5paisa Trading Time
Type of SessionTiming
Trading session9.15 a.m. – 3.30 p.m.
Closing session3.30 p.m. – 4.00 p.m.

Trading in the equities segment takes place on all days of the week except Saturdays and Sundays and trading holidays declared by the Exchange in advance.

  • After Market Order (AMO)
    AMO refers to the facility using which you can place orders to buy or sell stocks for the next day’s trading before the commencement of trading. This is useful for people who are unable to monitor the market at opening or during the trading session. AMO timings in 5paisa are 4:30 PM to 8:50 AM.
5paisa Trading AMO Time5paisa Trading AMO Time
Type of SessionTiming
AMO - After Market Orders4:30 p.m. - 8:50 a.m.

5paisa Trading Customer Care Number

Being one of the prestigious stockbrokers, the firm offers an outstanding customer care facility to its demat account holders.

In case you are stuck while trading or have some queries related to your account or portfolio, then you can contact with 5paisa trading customer care number and email id given as below-

5paisa Contact Number: 089766 89766

5paisa Email ID: support@5paisa.com

5paisa Address: Sun Infotech Park, Road No. 16V, Plot No.B-23 Thane Industrial Area,

Wagle Estate, Thane – 400604

Is 5paisa safe or not?

From the aforementioned details, we came to know that 5paisa Trading is safe and reliable and there are a plethora of ways to trade in the stock market through this broker such as 5paisa Trader Station- Web, 5paisa Trading App- Mobile, and 5paisa Trader Terminal-EXE.

Through 5paisa Trading API, one can install customized tools in its platform and trade strategically.

However, the first and foremost requirement to start trading is to complete the 5paisa registration process. The cost to open both of these accounts is NIL in 5paisa, however, you will be required to pay AMC, Brokerage, transaction, and other 5paisa service charges while buying or selling stocks listed in exchanges.

To smoothen and quicken the trading process, 5paisa offers robust, advanced, and world-class trading platforms in broad categories such as in web, mobile, and desktop. But every app has one or more technical errors that sometimes reduce the activity of the app. Most of the time when the 5paisa app not working is due to the login or other technical glitches in the app.

If you find any issues while trading or have concerns regarding the demat account, you can email, call, or directly visit their head office.

Now, here although we check all the aspects of the trading app of the broker, but to choose the best stockbroker, it is good to compare the platform with other stockbrokers. Making it easier for you here is the complete detail on 5paisa vs Zerodha.

FAQs – Frequently Asked Questions

Here we have collected some of the common and frequently asked questions of traders and investors having demat account/s with 5paisa.

These questions are listed as below-

Is 5paisa good for trading?

Yes, 5paisa is definitely good for trading! The firm is known to be awarded multiple times for its advanced platforms and believed to offer the lowest brokerage of Rs. 10 per lot in the market.

Moreover, this brokerage firm works under the rules and regulations of SEBI and is registered with CDSL. Stocks listed in NSE, BSE, and MCX can be traded in 5paisa applications.

How to Close 5paisa Trading account?

  • To close a 5paisa trading account, firstly you must clear your unpaid balance and securities. Then you can close your demat or trading account either by calling or mailing them.
  • Download the 5paisa Demat account closure form from their website, and either mail them or physically send them to their address- Sun Infotech Park, Road No. 16V, Plot No.B-23 Thane Industrial Area, Wagle Estate, Thane – 400604

How to trade in 5paisa?

To start trading in 5paisa, you must have a demat and trading account with the broker. Fill the registration form below, and start trading in 5paisa:

How to place buy orders in 5paisa?

To place buy orders in 5paisa, simply click or search on the desired stock or share and then choose the buy button. Once the details such as quantity, price, order type, etc. are correctly entered, the buy order will be instantly executed.

How to buy and sell in 5paisa?

To buy and sell in 5paisa, choose the stock from your watchlist(or can even search). Click on the desired stock and choose the “BUY” or “SELL” order option.

Once you choose the option, enter the details in the spaces such as order type, Intraday or Delivery, Quantity.

How To Withdraw Funds From 5paisa?

To withdraw the funds from 5paisa, go to the home page of the 5paisa app and just click on the “User” option. You will be presented with options-
“Add Funds” and “Withdraw”.

Click on the tab “Withdraw”. Add the amount you wish to withdraw. At last, click on “WITHDRAW” again.

Want to start trading? For that, you need to have a demat account, to open one, refer to the form below

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5paisa Trading | Review, Account, Charges, Demo, Online (2024)

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