According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
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- 5paisa
Our Evaluation of 5paisa
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
5paisa is a broker with higher-than-average risk and the TU Overall Score of 4.88 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by 5paisa clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Brief Look at 5paisa
5paisa is a popular Indian discount broker. Its clients invest in currency pairs, stocks, commodities, ETFs, bonds, and other assets. A demo account and a single live account with six plans are available. These plans are Regular, Power Investor, Ultra Trader, YoungVestor, Plus One, and Corporate. Each of them implies trading fees subject to the asset type. Some plans require monthly deposits of INR 599 or INR 1,199. Yet, Ultra Trader implies that the first 100 orders are free from brokerage fees. Trading is conducted on in-house desktop, mobile, and web platforms. Leverage is not provided. Deposits and withdrawals are fee-free and are made only via bank transfers within 24 hours. Technical support is available via email, telephone, and ticket system.
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5paisa Trading Conditions
Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. 5paisa Ltd and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
💻 Trading platform: | 5paisa (desktop, mobile, and web versions) |
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📊 Accounts: | Demo and Universal (with Regular, Power Investor, Ultra Trader, YoungVestor, Plus One, and Corporate plans) |
💰 Account currency: | INR |
💵 Deposit / Withdrawal: | Bank transfers |
🚀 Minimum deposit: | Any amount |
⚖️ Leverage: | No |
💼 PAMM-accounts: | No |
📈️ Min Order: | No |
💱 EUR/USD spread: | 1,8-2,6 pips |
🔧 Instruments: | Currency pairs, stocks, commodities, ETFs, bonds, etc. |
💹 Margin Call / Stop Out: | No |
🏛 Liquidity provider: | No |
📱 Mobile trading: | 5paisa app |
➕ Affiliate program: | Yes |
📋 Order execution: | No |
⭐ Trading features: | Fixed fees and use of all strategies and methods |
🎁 Contests and bonuses: | No |
5paisa Key Parameters Evaluation
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Regulation and safety
5paisa has a safety score of 5.8/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Not tier-1 regulated
5paisa Regulators and Investor Protection
Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
---|---|---|---|---|
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Securities and Exchange Board of India | India | No specific fund | Tier-2 |
5paisa Security Factors
Foundation date | - |
Negative balance protection | No |
Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker 5paisa have been analyzed and rated as High with a fees score of 4/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of 5paisa with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, 5paisa’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
5paisa Standard spreads
5paisa | Pepperstone | OANDA | |
EUR/USD min, pips | 1,8 | 0,5 | 0,1 |
EUR/USD max, pips | 2,6 | 1,5 | 0,5 |
GPB/USD min, pips | 2,2 | 0,4 | 0,1 |
GPB/USD max, pips | 3,0 | 1,4 | 0,5 |
Does 5paisa support RAW/ECN accounts?
As we discovered, 5paisa does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with 5paisa. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
5paisa Non-Trading Fees
5paisa | Pepperstone | OANDA | |
Deposit fee, % | 0 | 0 | 0 |
Withdrawal fee, % | 0 | 0 | 0 |
Withdrawal fee, USD | 0 | 0 | 0-15 |
Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
5paisa offers different account types with various features, including reduced fees and special offers like free trading on certain assets.
You can open any of these accounts on the broker’s website by providing personal information, bank details, and uploading documents through the DigiLocker platform.
Deposit and withdrawal
5paisa received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
5paisa offers limited payment options and accessibility, which may impact its competitiveness.
- Bank wire transfers available
- Low minimum withdrawal requirement
- Minimum deposit below industry average
- No withdrawal fee
- BTC payments not accepted
- No bank card option
- PayPal not supported
What are 5paisa deposit and withdrawal options?
5paisa offers a limited selection of deposit and withdrawal methods, including Bank Wire. This limitation may restrict flexibility for users, making 5paisa less competitive for those seeking diverse payment options.
5paisa Deposit and Withdrawal Methods vs Competitors
5paisa | Plus500 | Pepperstone | |
Bank Wire | Yes | Yes | Yes |
Bank card | No | Yes | Yes |
PayPal | No | Yes | Yes |
Wise | No | No | No |
BTC | No | No | No |
What are 5paisa base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. 5paisa supports the following base account currencies:
What are 5paisa's minimum deposit and withdrawal amounts?
The minimum deposit on 5paisa is $0, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact 5paisa’s support team.
Markets and tradable assets
5paisa offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 7 Forex pairs.
- ETFs investing
- Commodity futures are available
- Indices trading
- Bonds not available
- Limited asset selection
Supported markets vs top competitors
We have compared the range of assets and markets supported by 5paisa with its competitors, making it easier for you to find the perfect fit.
5paisa | Plus500 | Pepperstone | |
Currency pairs | 7 | 60 | 90 |
Total tradable assets | 2800 | 1200 | |
Stocks | Yes | Yes | Yes |
Commodity futures | Yes | Yes | Yes |
Crypto | No | Yes | Yes |
Stock indices | Yes | Yes | Yes |
Options | Yes | Yes | No |
Investment options
We also explored the trading assets and products 5paisa offers for beginner traders and investors who prefer not to engage in active trading.
5paisa | Plus500 | Pepperstone | |
Bonds | No | No | No |
ETFs | Yes | Yes | Yes |
Copy trading | No | No | Yes |
PAMM investing | No | No | Yes |
Managed accounts | No | No | No |
Contacts
Registration address | Sun Infotech Park, Road No.16V, Plot No. B-23 Thane Industrial Area, Wagle Estate, Thane – 400604 |
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Contacts |
+91 89766 89766
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Comparison of 5paisa with other Brokers
5paisa | Bybit | Eightcap | XM Group | VT Markets | AMarkets | |
Trading platform |
5paisa | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MetaTrader4, MetaTrader5, VT Markets App, Web Trader+ | MT4, MT5, AMarkets App |
Min deposit | No | No | $100 | $5 | $50 | $100 |
Leverage |
From 1:1 to 1:1 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:500 |
From 1:1 to 1:3000 |
Trust management | No | No | No | No | Yes | No |
Accrual of % on the balance | No | No | No | No | No | No |
Spread | From 0 points | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points |
Level of margin call / stop out |
No | No / 50% | 80% / 50% | 100% / 50% | No / 50% | 50% / 20% |
Order Execution | No | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution |
No deposit bonus | No | No | No | No | No | No |
Cent accounts | No | No | No | No | No | No |
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