5 Paisa

2nd largest discount broker in India, 5Paisa is a Mumbai based stock broker which is a part of India Infoline (IIFL) group. It offers an integrated platform for stocks, mutual funds, insurance and advisory.

Distinguishing Features:

  • Facilitates Instant paperless demat and trading account opening.
  • It charges a flat brokerage of Rs.10 per trade.
  • Investors can open either a trading account or a mutual fund account based on their requirement and preferences.
  • The AMC for trading and demat account with 5paisa is free.
  • It charges Rs.650 for Trading account opening and Rs.400 for Demat account opening which are to be paid one time.
  • It provides easy to use trading platforms in form of mobile app, browser (web) application and install-able desktop trading application.
  • The 5Paisa Robo advisory is a fully automated advisory offered by 5Paisa which provides advisory services for choosing mutual funds and insurance to investors.

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