Reviews of Stock Brokers


When it comes to investing in the stock market, choosing the right stockbroker is of utmost importance. It can significantly impact your trading experience, investment returns, and overall satisfaction. In this article, we will provide an in-depth review of 5Paisa, one of India's prominent Discount Broker. We will evaluate various aspects, including brokerage charges, trading platforms, customer support, and more, to help you make an informed decision.


5Paisa founded in 2007 by Nirmal Jain & Rajamani Venkataraman is a Public company headquartered in Mumbai, India India. As a Discount Broker, 5Paisa aims to provide cost-effective buy/sell orders, enabling investors to save money compared to full-service brokers. However, it is crucial to note that 5Paisa operates as a full-service brokers. It offers extensive investment advice and detailed stock analysis for its clients.

Broker TypeDiscount Broker
Type of companyPublic
HeadquarterMumbai, India
FoundersNirmal Jain & Rajamani Venkataraman
Foundation Year2007
Supported ExchangesNSE, BSE
Total branches900

5Paisa Account opening charges

To begin trading with 5Paisa, you need to open a trading account and a Demat account. 5Paisa charges Rs.650 for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Rs.400 per Annum for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat Charges5Paisa
Trading Account Opening ChargesRs.650
Demat AMC (Annual Maintenance Charges)Rs.400 per Annum
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyZero
Offline to Online ChargesNot applicable

5Paisa Brokerage Charges

One of the main factors to consider when choosing a stockbroker is the brokerage charges. 5Paisa brokerage charges for various segments are as follows:

Equity Brokerage Charges

Equity Brokerage Charges5Paisa
Equity Delivery BrokerageFree
Equity Intraday BrokerageRs.20 Per Order
Equity Futures BrokerageRs.20 Per Order
Equity Options BrokerageRs.20 Per Order

Currency Brokerage Charges

Currency Brokerage Charges5Paisa
Currency Futures BrokerageRs.20 Per Order
Currency Options BrokerageRs.20 Per Order

Commodity Brokerage Charges

Commodity Brokerage Charges5Paisa
Commodity Options BrokerageRs.20 Per Order

5Paisa Other Charges

In addition to brokerage charges, there are other charges to consider:

Other Brokerage Charges5Paisa
Minimum Brokerage ChargesRs.20 Per Order
Transaction Brokerage Charges0.00325% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover
Call and Trade ChargesRs 100 per call (any number of trades in a call)

5Paisa Equity Leverage

Leverage enables traders to amplify their market exposure using a relatively smaller capital amount. Here's the leverage provided by 5Paisa:

Equity Leverage5Paisa
Equity DeliveryUpto 5x
Equity IntradayUpto 35x
Equity FuturesUpto 8x
Equity OptionsUpto 12x

5Paisa Currency Leverage

Currency Leverage5Paisa
Currency FuturesUpto 6x
Currency OptionsUpto 10x

5Paisa Commodity Leverage

Equity Leverage5Paisa
CommodityUpto 10x

5Paisa Offers

Numerous stockbrokers are enticing customers with attractive offers in order to expand their client base. Some of these enticing offers include:

Free Stock Trading AccountYes
Free Demat AccountNo
Flexible PlansNo
Brokerage DiscountsYes
Happy HoursNo
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramNo
Zero Brokerage on Loss TradesNo

5Paisa Features

Equity Delivery TradingNo
Equity Intraday TradingYes
Equity Futures TradingNo
Equity Options TradingNo
Currency TradingNo
Commodity TradingNo
IPO (Initial public offering)No
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)No
Trading InstitutionNo
Trading ExposureUpto 35x
Mutual FundsNo
SIP (Systematic Investment Plan)No
Forex TradingNo

5Paisa Advisory Services

The key distinction between a discount broker and a full-service broker lies in the range of services offered and the rates at which they are provided.

Fundamental ReportsNo
Research ReportsYes
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsNo
IPO ReportsNo
Top PicksYes
Daily Market ReviewNo
Monthly ReportsNo
Weekly reportsNo
Offline AdvisoryNo
Relationship ManagerNo

5Paisa Trading Platforms

The 5Paisa trading software comprises various trading platforms suitable for the diverse needs of the customers. It is built on IIFL's trading platform. It has been trusted by customers for the past two decades. The trading platform is available in three different forms. Namely: a mobile app, a web browser-based platform, and an installable desktop trading application.

5Paisa Trading Platforms

Desktop Trading Platforms5Paisa
Desktop BrowserYes

5Paisa Mobile App

The 5Paisa mobile app allows users to trade on the go and provides access to trading at BSE/NSE and robo advisory services. Customers can download the app for free from either the google app store or the apple app Store. The app is designed to be simple and intuitive, enabling users to buy stocks, trade in stock and currency futures & options, and invest in mutual funds, ETFs, bonds, and more.

Mobile App5Paisa
Mobile BrowserYes
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

5Paisa Web Trading

For web-based trading, 5Paisa offers a powerful trading website known as 5Paisa trader station. This website can be accessed through any web browser on computers, laptops, mobile devices, or tablets. It provides a wide range of trading and investment options within a single domain. The web platform is seamlessly integrated with payment gateways and banks, enabling instant fund transfers.

5Paisa Trade Terminal

5Paisa offers a trade terminal, which is a downloadable trading terminal specifically developed for active traders seeking advanced trading features. This desktop application offers real-time data and advanced charts for monitoring intraday and historic stock prices. It also offers a variety of keyboard shortcuts to facilitate real-time market monitoring and faster order placement.

5Paisa Customer Support

Customer Support5Paisa
Relationship ManagerNo
Offline TradingNo
Online TradingYes
24 * 7 SupportYes
Email SupportYes
Chat SupportNo
Toll free numberNo
Support BranchesZero

5Paisa Complaints

Understanding the number of customer complaints received by a brokerage firm can provide insights into the quality and reliability of their services. The following table shows the information regarding the complaints received by 5Paisa.

BSE Complaints5Paisa
BSE Complaints98
BSE Resolved Complaints86
Percentage of resolved BSE complaints87.76 %
NSE Complaints236
NSE Resolved Complaints230
Percentage of resolved NSE complaints97.46 %
BSE/NSE Complaint vs. Resolved Percentage92.61 %


In conclusion, 5Paisa offers a range of trading and investment options through its user-friendly platforms. With competitive pricing and several investment choices, it is one of the best options for investors. However, the lack of comprehensive customer support and the number of customer complaints are areas of concern. Considering all the features and user experience, 5Paisa can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.