Is 5paisa legit? (2024)

FAQs

Is 5paisa legit? ›

5paisa.com is a leading online stockbroker offering discount brokerage services to retail investors in India. 5paisa Capital Ltd is a publicly-traded and professionally managed company promoted by IIFL founders. As of March 2021, it has over 1.2 million clients.

5paisa is a trustworthy stockbroker. It is among the top 5 discount brokers in India. 5paisa is registered with SEBI, CDSL, BSE, NSE, and MCX, etc. Also, it is audited regularly by the exchanges and has excellent compliance records.

You can rest assured that 5Paisa Capital is not a scam but a legitimate entity. This broker is registered with the top-tier Securities & Exchange Board of India (SEBI) in India..

Earning through our Refer & Earn scheme is a breeze in four simple steps: Share your unique referral link with friends. Your friend opens an account using your referral link. You receive an account opening payout in your ledger account.

Weighing all your options for the best Demat account for beginners in India, 5paisa is the definitive choice, and here's why: Low brokerage fees: 5paisa offers the lowest brokerage fees in the industry, making it an affordable option for traders and investors.

5paisa Cons (Disadvantages)

Margin funding is given to the customers without notice. This cases major confusion and customer paying hefty interest charges. Very high demat debit transaction charges. They charge Rs 25 or 0.025% in Optimum plan.

Withdrawal requests are executed once daily, Monday through Friday, at 3:30 PM. Requests initiated from Monday to Friday before 3:30 PM are processed on the same day.

The majority shareholders of the company are the promoters of the company which includes Fairfax India Holdings and Mr. Nirmal Jain. Mr. Nirmal and Fairfax Holdings are also the promoters of IIFL Holdings Limited, a Mumbai based diversified financial service provider.

These apps are regulated by the Securities and Exchange Board of India (SEBI) and follow all the necessary guidelines and regulations set by the government. Some of the popular legal trading apps in India include Zerodha, Upstox, and 5Paisa.

Yes, 5Paisa is safe to use. 5paisa is a leading online stockbroker offering discount brokerage services to retail investors in India. 5paisa Capital Ltd is a publicly-traded and professionally managed company promoted by IIFL founders. As of March 2021, it has over 1.2 million clients.

What is the annual fee of 5paisa? ›

It changes flat Rs 20 per executed order brokerage for stock trading and Rs 10 per executed order brokerage for mutual funds. 5paisa also Rs 300 per year as demat AMC* and demat transaction charges. Note: 5paisa titanium plan offers zero brokerage in equity delivery. The plan has a subscription fee of Rs 999 per Month.

Yes, Rs 450 minimum balance is needed in the trading account at any point of time.

All your data and transactions are secured using 256-bit encryption. Secure Sockets layer (SSL) and authorized access. Your account with 5paisa - Vested is also insured by SIPC (Securities Investor Protection Corporation). Under this insurance, the securities in your account are protected up to US $500,000.

Zerodha, India's number one discount brokerage offers the best Demat account in India. The broker charges Rs. 0 account opening fee and charges Rs. 300 Demat AMC fee on a quarterly basis.

The brokerage of 5paisa Max Rs 20 per trade while the brokerage of Zerodha Max Rs 20 per trade. Both the brokers are Discount Brokers. 5paisa is having overall lower rating compare to Zerodha. 5paisa is rated only 4 out of 5 where Zerodha is rated 4.5 out of 5.

The brokerage of 5paisa Max Rs 20 per trade while the brokerage of Zerodha Max Rs 20 per trade. Both the brokers are Discount Brokers. 5paisa is having overall lower rating compare to Zerodha. 5paisa is rated only 4 out of 5 where Zerodha is rated 4.5 out of 5.

Yes, 5paisa is a legit stock brokerage company formed under the Company Act and registered with SEBI, CDSL, BSE, NSE, and MCX. 5paisa Capital Ltd is regularly audited by regulatory bodies and exchanges.