5paisa review
Independent review of 5paisa — brokerage, app, account opening, customer support and the kind of investor it actually fits. 5paisa is a SEBI-registered discount broker by 5paisa Capital.
Brokerage at a glance
Headline brokerage on the default 5paisa regular plan. On top of brokerage you also pay STT, exchange transaction charges, SEBI fee, stamp duty, GST and DP charges — see full charges for the breakdown.
About 5paisa
5paisa is a SEBI-registered discount broker by 5paisa Capital. The default Regular plan is flat ₹20 per executed order across all segments; Power Investor (₹599/month) and Ultra Trader (₹1199/month) subscription plans drop per-order brokerage to ₹10, and Ultra Trader makes equity delivery free.
Opening a 5paisa account
Account opening is fully online for Indian residents. Keep your PAN, Aadhaar (with mobile linked for OTP), a bank cancelled cheque or statement, a passport-size photo and a signature on white paper handy. Aadhaar e-KYC, in-person video verification and e-sign typically take 1–3 working days end-to-end. Start at www.5paisa.com.
Alternatives to 5paisa
See the full ranked list of every retail broker in India on the stock brokers in India page. To compare exact landed cost on a typical trade, use the brokerage calculator — switch brokers in the dropdown without leaving the page.
Frequently asked
What people ask about 5paisa.
5paisa is SEBI-registered and holds NSE / BSE membership, so it meets the regulatory bar every Indian broker must clear. Whether it is a good fit depends on what you trade. Compare the live brokerage and statutory charges on the 5paisa brokerage calculator before deciding.
Equity delivery is Flat ₹20. Equity intraday is Flat ₹20. Equity options is Flat ₹20. On top of brokerage you pay STT, exchange transaction charges, SEBI fee, stamp duty, GST and DP charges. The brokerage calculator on this site shows the all-in landed cost for a sample trade.
5paisa is registered with SEBI and a trading member of NSE / BSE. Demat accounts are held with CDSL or NSDL — the broker does not hold your shares, the depository does. Funds are held in a SEBI-regulated client bank account separate from the broker's own funds. The risk to investors from broker failure is limited; the larger risk to manage is account fraud via phishing and OTP sharing.
The app covers order placement, watchlists, holdings and statements.. For a full feature list and download links see the 5paisa app page.
Account opening is fully online for Indian residents. You need PAN, Aadhaar (with mobile linked for OTP), a bank cancelled cheque or statement, a passport-size photo and a signature on white paper. Aadhaar e-KYC, in-person video verification and e-sign typically take 1–3 working days. Apply via https://www.5paisa.com.
Discount brokers comparable to 5paisa include Zerodha, Groww, Upstox, Dhan and Angel One. Full-service alternatives include ICICI Direct, HDFC Securities, Kotak Securities and Sharekhan. Compare brokerage rates side-by-side on the brokerage calculator before switching.