Rating Index
Pros
Low brokerage fees with a flat rate of ₹20 per order, which can be reduced to ₹10 with value-added packs.
User-friendly trading platforms available on mobile, web, and desktop, equipped with advanced features for effective trading.
Free account opening and zero brokerage on mutual fund investments, making it accessible for new investors.
Cons
Customer service has received complaints regarding slow response times and inefficiencies in resolving issues.
High call and trade charges of ₹100 per call, which can add up for frequent traders.
Limited international trading options, focusing primarily on the Indian market, which may not appeal to global investors.
5paisa Capital broker Accounts
5paisa Capital Account Types
5paisa Capital offers a variety of account types to cater to different investor needs:
2-in-1 Account (Trading + Demat Account): This account combines both trading and demat services, allowing users to trade in stocks, derivatives, commodities, and currencies while holding their securities electronically. The account facilitates seamless transactions between buying and selling securities.
Mutual Fund Investment Account: Specifically designed for mutual fund investors, this account allows users to invest in both direct and regular mutual fund schemes. It does not permit trading in stocks or other financial products.
Young Vestor Account: Aimed at investors aged 18-23, this account offers zero brokerage on all trading segments, encouraging young investors to participate in the stock market.
Super Saver Packs: These subscription plans provide reduced brokerage fees, such as:
- Power Investor Pack: Charges ₹10 per order with additional research and advisory services.
- Ultra Trader Pack: Offers free equity delivery trades and the first 100 trades free each month.
Personal Details: Enter your PAN number, Aadhar number, and basic personal information. Most details will be auto-filled from the eKYC database.
Bank Details: Provide your bank account number and IFSC code to link your bank account for fund transfers.
Document Upload: Upload necessary documents, including:
- A signed copy of your PAN card
- A cancelled cheque or bank statement
- Address proof (e.g., Aadhar card, utility bill)
- Income proof (if trading in derivatives)
- Recent passport-sized photo
- Signature for e-signing
Payment: Make the payment for account opening fees. The trading account opening fee is ₹650, while the demat account opening is free.
E-sign Application: Complete the e-sign process using your Aadhar OTP. If you do not have an Aadhar, you will need to send a signed physical application form to 5paisa's office.
5paisa Broker Account Opening Process
Opening an account with 5paisa is straightforward and can be done online or offline. Heres how:
Once the application is submitted, the account is typically activated within a few hours if all documents are in order. If you opt for the offline method, it may take up to 2 working days after the documents are received.
For more details, you can visit 5paisa's official website.
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