5paisa Discount Broker
Open Demat AccountAbout Broker
5paisa is a Mumbai-based discount broker launched in 2016. It offers a low-cost trading platform with equity, mutual funds, insurance, and more. Backed by IIFL, it has built a strong customer base with affordable brokerage plans.
Product Basket
Equity Commodity Currency Futures Mutual Funds InsuranceBrokerage Plan
| Charges | Value | Brokerage | Value | Margin | Value |
|---|---|---|---|---|---|
| Account Opening | Free | Equity Delivery | ₹20/order | Delivery | 1x |
| AMC | ₹300/year | Intraday | ₹20/order | Intraday | 5x |
| Call Trade | ₹100 | F&O | ₹20/order | F&O | 5x |
Platforms Offered
5paisa App Web Trading Algo Trading Smart InvestorPros ✅
- Multiple plans for different users
- Flat ₹20 brokerage model
- Mutual funds, insurance in one app
- Advanced algo trading features
Cons ❌
- High call & trade charge
- User interface could be better
- No zero brokerage plan for delivery