The brokerage house is one of the fastest growing discount brokers, offering a variety of financial products among the lowest brokers in the industry, unlike most discount brokers in India.
It has registered a daily turnover of INR 1,200 crore and plans to divest from its parent company.
Why should you invest with 5 Paisa?
In this section, we'll discuss why 5 Paisa is so popular with investors, making it the second-largest discount broker in India.
- It has the backing of a leading non-bank financial institution in India, IIFL, which has more than 20 years of experience in financial services.
- It offers a simple and inexpensive brokerage plan that is 10 INR per executed order regardless of the segment
- It provides its customers with free trading platforms, including the Mobile Trading App, the Website Trading Platform and the Desktop Trading Terminal.
- It offers its customers free research reports as well as technical and basic advice.
- Unlike other discount brokers, 5Paisa enables investment in various financial assets such as mutual funds and insurance
Types of accounts
Stock Trading Account
5paisa is one of the fastest growing discount brokers in India. It is backed by its parent company, IIFL, and offers a variety of investment and trading services, including equities, derivatives and currencies.
5paisa is a member of BSE and NSE. The company offers trading services through its simple brokerage plans, which charge brokerage of only 10 INR per executed order.
The 5paisa trading account is seamlessly integrated into other 5 Paisa products such as mutual funds, ETF bonds and insurance.
Investment funds account
The online investment account for mutual funds is the unique offer of 5paisa, a discount broker. It facilitates the opening of a free investment account for mutual funds.
In addition, 5 Paisa also offers Systematic Investment Plans (SIP), an automatic periodic investment option on the stock market through investment funds.
5 Paisa provides the Auto Investor tool free of charge to its customers. This tool helps investors with online fund advice. Auto Investor helps investors select the right funds based on their risk profile and return expectations.
Benefits of 5 Paisa
5 Paisa facilitates trading in equities, F & O stocks, currencies and commodities on NSE, BSE and MCX.
Online investment funds
5 Paisa facilitates investment in a wide range of mutual funds, ETFs and bonds.
5 Paisa facilitates online investment in health and risk insurance.
5 Paisa offers paperless and immediate disbursement of personal loans at attractive interest rates.
5 Paisa school
5 Paisa offers stock market training for all types of traders, beginners, advanced and experts through various modules on various topics. In addition to this discount broker, there is also a financial blog in which the discount broker releases blog articles and videos to educate customers.
5Paisa trading platforms
5 Paisa offers its customers free online trading platforms so that they can make the most of their investments with simple yet technologically advanced online trading and investment platforms provided by the discount broker.
This discount broker currently offers customers access to three platforms: Trade Station Web (browser-based trading platform), Mobile Trading App (mobile for Android and iOS users), Trade Station EXE (desktop-based platform) and Algo Trading.
Trade Station Web
Trade Station Web is an advanced, easy-to-use, web-based online trading platform for fast trading execution.
Trade Station Web
- The customer can trade with a browser of their choice, which is Chrome, Safari or Firefox.
- This trading platform provides a consolidated overview of the portfolio, positions and holdings of clients in equity and mutual funds.
- It provides seamless navigation through the user-friendly interface to provide customers with a complete trading experience.
- The detailed scrip information such as charts, market depths and option chains facilitate the analysis.
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