Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
5paisa Pros & Cons
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.
TU Expert Verdict
5paisa demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Brokers Traders Prefer
5paisa User Reviews
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Commissions and Fees
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 criteria4 /10The trading and non-trading commissions of 5paisa have been analyzed and rated as having High fees, with a fees score of 4/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, 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 OANDA FOREX.com EUR/USD min, pips 1.8 0.1 0.7 EUR/USD max, pips 2.6 0.5 1.2 GPB/USD min, pips 2.2 0.1 0.9 GPB/USD max, pips 3.0 0.5 1.4 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 OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is 5paisa Safe?
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 criteria5.8 /105paisa 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
Sebi Full Name Securities and Exchange Board of India Country of regulation India Investor Protection Fund No specific fund Regulation Level Tier-2 5paisa Security Factors Foundation date - Negative balance protection NoVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.5.7 /105paisa offers the following account options: Demo, Standard.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Demo account
- Low minimum deposit
- Standard account with balanced trading conditions
- Micro lots are not available
- No ECN/Raw spread account
5paisa account types vs top competitors 5paisa Plus500 OANDA Standard YesYesYesECN/Raw spread NoNoYesDemo YesYesYesCent NoNoNoMicro NoNoYesSwap Free NoNoYesVIP NoNoNoManaged NoNoNo5paisa accounts trading conditions
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.
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Deposit and Withdrawal
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 methodology3.2 /105paisa 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.
- Minimum deposit below industry average
- Bank wire transfers available
- No deposit fee
- Low minimum withdrawal requirement
- BTC not available as a base account currency
- USDT payments not accepted
- Only major base currencies available
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 OANDA Bank Wire YesYesYesBank card NoYesYesPayPal NoYesYesWise NoNoNoBTC NoNoYesWhat are 5paisa base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. 5paisa supports the following base account currencies: INR.
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.
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Markets and Tradable Assets
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. Learn the assessment criteria4.3 /105paisa offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 7 Forex pairs.
- Commodity futures are available
- Indices trading
- ETFs investing
- Small selection of currency pairs
- Crypto trading not available
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 OANDA Currency pairs 7 60 68 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 2800 129 Stocks YesYesYesCommodity futures YesYesYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. NoYesYesStock indices YesYesYesOptions YesYesNoInvestment options
We also explored the trading assets and products 5paisa offers for beginner traders and investors who prefer not to engage in active trading.
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Trading Account Opening
Score:We evaluated Trading Account Opening at 5paisa by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.9 /10We successfully registered an account with 5paisa in 10 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at 5paisa is $0. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fully online account opening process
- Fast registration time (up to 15 minutes)
- Low minimum deposit requirement
- Account approval may require extra time depending on the documentation.
5paisa account opening 5paisa Plus500 OANDA Online Registration YesYesYesMinimum deposit $0 $100 $0 Mandatory KYC YesYesYesRegistration time (min) 10 10 KYC time (days) 2 3 3 Is 5paisa available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
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Trading Platforms & Tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria6.4 /105paisa received a score of 6.4/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
- Trading bots (EAs) allowed
- API access for automated trading
- Trade directly from TradingView
- One-click trading
- Strategy (EA) Builder is not available
- No access to MetaTrader
- No access to Free VPS
Supported trading platforms
5paisa supports the following trading platforms: TradingView. This selection covers the basic needs of most retail traders. We also compared 5paisa’s platform availability with that of top competitors to assess its relative market position.
5paisa Plus500 OANDA MT4 NoNoYesMT5 NoNoYescTrader NoNoNoTradingView YesYesYesProprietary platform NoYesYesNinjaTrader NoNoNoWebTrader NoYesYesKey 5paisa’s trading platform features
We also evaluated whether 5paisa offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features 2FA YesAlerts YesTrading bots (EAs) YesOne-click trading YesScalping YesSupported indicators 100 Tradable assets NoAdditional trading tools
5paisa offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
5paisa trading tools vs competitors 5paisa Plus500 OANDA Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making. NoNoNoAPI YesNoYesFree VPS NoNoYesStrategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills. NoNoYesAutochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels. NoNoYes -
Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria8 /105paisa supports mobile trading, offering dedicated apps for both iOS and Android. 5paisa received 8/10 in this section, reflecting strong user engagement and well-developed functionality. High ratings, solid download numbers, and the presence of advanced mobile features contributed to the high score.
- Mobile alerts supported
- Solid iOS user feedback, with a rating of 4.4/5
- Supports mobile 2FA
- Limited features vs desktop
We compared 5paisa with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
5paisa Plus500 OANDA Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 10,000,000 10,000,000 1,000,000 App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 4.4 4.7 4.8 Google Play score 4.3 4.4 3.4 Mob. 2FA YesYesYesMob. Indicators YesYesYesMob. Alerts YesYesYes -
Customer Support
Score:We evaluated Customer Support at 5paisa by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria3.2 /10The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.
In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.
Contacts Registration address Sun Infotech Park, Road No.16V, Plot No. B-23 Thane Industrial Area, Wagle Estate, Thane – 400604 Contacts support@5paisa.com dp.grivance@5paisa.com +91 89766 89766
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FAQs
How secure is trading with 5paisa based on its regulation and safety assessment?
5paisa has a safety score of 5.8/10, which corresponds to a Medium security level in the reviewed methodology. It is regulated by the Securities and Exchange Board of India (SEBI), classified as Tier-2 regulation, but it is not Tier-1 regulated, has no specific investor protection fund mentioned, and does not provide negative balance protection, while KYC verification is required.
What do expert reviews say about 5paisa’s spreads, commissions, and non-trading fees?
According to the reviewed data, 5paisa’s overall fees score is 4/10, indicating high trading and non-trading commissions compared with the market average. Forex trading fees are described as above average, spreads on EUR/USD typically range from 1.8 to 2.6 pips and on GBP/USD from 2.2 to 3.0 pips, while there are no inactivity, deposit, or withdrawal fees, and the broker does not offer ECN/Raw spread accounts.
What account types and pricing plans does 5paisa offer according to reviews?
The review states that 5paisa provides Demo and Standard accounts, with no VIP, cent, micro, swap-free, or managed accounts, and micro lots are not available. It also describes several pricing plans such as Regular, Power Investor, Ultra Trader, YoungVestor, Plus One, and Corporate, each with different monthly subscription terms and brokerage or transfer fees, and notes that accounts can be opened online by submitting personal and bank details through the DigiLocker platform.
Which markets and investment products are available with 5paisa, based on expert feedback?
The review notes that 5paisa offers a limited overall asset selection, including 7 currency pairs, stocks, stock indices, commodity futures, options, and ETFs, while bonds and crypto trading are not available. It also specifies that copy trading, PAMM investing, and managed accounts are not offered in the evaluated product lineup.
How do reviews describe the 5paisa trading account opening process?
The account opening process at 5paisa is described as fully online, with registration taking about 10 minutes and KYC verification typically completed within 2 business days. The minimum deposit is reported as $0, making entry requirements relatively low, although the review notes that final account approval may take additional time depending on the submitted documentation.
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