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4.88/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Minimum deposit:
  • Any amount
Trading platform:
  • 5paisa
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Our Evaluation of 5paisa

4.88/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Traders Union icon

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)
📊 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 was launched in 2016. It is very reputable on the Indian market and offers trading of several asset types. Basic services are balanced and diverse. Thus, all traders can find the best plan for themselves. There are six of them — regular, for young investors, for professionals, progressive, family, and corporate. They differ in the availability of a subscription fee, general parameters, and fees.

5paisa Key Parameters Evaluation

User Satisfaction i

Score:
6.4/10

Share your experience

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bibian07
1 year ago

I am a young trader, only 20, so I paid for the YoungVestor plan. There are almost no brokerage fees and minimal other charges, making it frankly the best offer on the Indian market. I especially enjoy trading stocks and ETFs. Trades are executed without any delays or problems. Also, I like extensive education — I haven’t seen such volumes with any broker. The main disadvantage is probably the absence of leverage. I don’t have large capital yet, so even a small leverage of 1:5-1:10 would be great. Also, I want to note a limited choice of deposit/withdrawal methods as only bank transfers are available. I’ve adjusted to that, but there were some inconveniences at first. Overall, everything else suits me perfectly. I'll probably consider changing brokers when I gain more experience, but it is definitely the right fit for now.

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saminstk
1 year ago

This is probably the first broker that I consider the best. Its disadvantages are the absence of popular trading platforms and an INR 100 fee for placing orders by phone. Otherwise, there are no complaints. A demo account allowed me to estimate everything. Opening a live account took about 25 minutes with all confirmations. The broker allows all strategies and methods, so it is possible to scalp, hedge, or use advisors. It really helps. There are many analytics, various calculators, stock screeners, and currency converters. You can always contact technical support, which is available in 8 languages, including English, Hindi, Marathi, Gujarati, Bengali, Kannada, Tamil, and Telugu. So, I rate the broker 8 out of 10.

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jobel
1 year ago

First of all, I came to the broker due to the low fees that make it superior to its Indian competitors. I pay INR 10-INR 20 per order on the Ultra Trader plan, which is not much. And the first 100 trades per month are free. There are all necessary currency pairs, stocks, and local bonds. The broker constantly adds new assets. The 5paisa mobile app is perfect in its convenience and functionality. The partnership program brings me stable additional income. INR 250 is credited for each attracted referral who opens an account, and an additional 12.5% of their fees are paid within 60 days. In general, everything is good. Keep it up!

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sangram_badhe
1 year ago

I’ve been trading with this broker for about a year. I used almost all available asset types, thus building a well-diversified portfolio. Conditions are quite comfortable here and suit traders of any level. Novice traders can use comprehensive education, and good analytics are available to professionals. I would also like to use copy trading, as I used to earn well as a signal provider. Unfortunately, 5paisa doesn't offer this service. Another disadvantage is unclear fees. They are quite reasonable, but additional expenses can exist right before a trade. However, these fees are not hidden when you know them after executing a trade, as is the case with some companies. Overall, the broker is decent, though not perfect.

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AkbarDJ
1 year ago

I traded on a demo account for several days and then opened a live account with the Power Investor plan. Now, I pay INR 10 for almost all trades. Even if you consider additional fees that are charged sometimes, expenses are reasonable. Leverage is not provided, but it’s not very important to me. I’d like to mention consulting on the portfolio. I contacted specialists, who recommended several development options to ensure stable long-term profits. Managers are friendly and always ready to help, just like those from technical support. The company is generally decent, has fair prices, and provides positive client service.

Score:
We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria
5.8/10

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.

Advantages
  • Is regulated
Disadvantages
  • Not tier-1 regulated

5paisa Regulators and Investor Protection

Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level
Sebi Sebi Securities and Exchange Board of India India No specific fund Tier-2

5paisa Security Factors

Foundation date -
Negative balance protection No
Verification (KYC) Yes
Score:
We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria
4/10

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.

Advantages
  • No inactivity fee
  • No deposit fee
  • No withdrawal fee
Disadvantages
  • 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
Score:
5.7/10

Account types

5paisa offers different account types with various features, including reduced fees and special offers like free trading on certain assets.

Account Type
Description
Regular
This account has no monthly subscription fee. The fee for all trading instruments is INR 20, and the fee for transferring shares is INR 12.5.
Power Investor
This account comes with an INR 12.5 share transfer fee and an INR 10 brokerage fee. The package costs INR 599 per month.
Ultra Trader
With this account, there are no fees on stocks and an INR 10 fee on other instruments. There is no charge for transferring securities. Traders must deposit INR 1,199 every month, and 100 fee-free trades are included.
YoungVestor
Designed for traders aged 18-23, this account has no fees for intraday trading, stock investing, or mutual funds. The account is free to open and maintain, with no charges for account management.
Plus One
This account is for family members (spouse) and allows investments in various securities, including mutual funds with no fee. The account is free to open and does not require monthly deposits.
Corporate
This account is for companies and legal entities, allowing investments in securities with a fee of INR 10-20.

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.

Score:
This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology
3.2/10

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.

Advantages
  • Bank wire transfers available
  • Low minimum withdrawal requirement
  • Minimum deposit below industry average
  • No withdrawal fee
Disadvantages
  • 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.

Score:
The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change.
4.25/10

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.

Advantages
  • ETFs investing
  • Commodity futures are available
  • Indices trading
Disadvantages
  • 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
Contacts
+91 89766 89766

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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