5paisa
About 5paisa
5paisa is a listed discount broker from the IIFL group, offering flat-fee trading across multiple asset classes. It provides an all-in-one platform for stocks, mutual funds, insurance, and more at ultra-low costs.
Brokerage Charges
Equity Delivery
INR 20
Equity Intraday
INR 20
Account Opening
Free
Account Maintenance
INR 0 (Standard)
Key Details
| Broker Type | Discount |
| Founded | 2016 |
| Headquarters | Mumbai, India |
| Trading Platforms | 5paisa App, Web |
| Segments | Equity, F and O, MF, Insurance |
| User Rating | 4.1 / 5.0 |
Pros & Cons
Pros
- Listed company transparency
- All-in-one financial platform
- Flat INR 20 per trade
- Free mutual funds
- Robo advisory available
Cons
- Platform can be buggy
- Limited charting capabilities
- Customer support is average
- Order execution delays reported
- Research quality is basic