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Can 5paisa be trusted?
Yes, 5paisa is a safe, reliable, and trustworthy stockbroker. 5paisa is promoted by Mr. Nirmal Jain, the founder of well know IIFL group (formally India Infoline). 5paisa is a professionally managed and publicly-traded company listed at BSE and NSE.
Is 5paisa a good broker?
5paisa is among fastest growing stock brokers in India. Their no-frill stock and commodity trading services are simple, fast and low-cost. 5paisa mobile trading app is their most popular trading tool. They also offer direct mutual funds which gives an additional of 1 to 1.5\% yearly earning.
Can I transfer 5paisa to Zerodha?
Yes, you can transfer your existing shares in another broker’s demat to your Zerodha demat account. There are two types of transfer of holdings between demat accounts- intra-depository transfer and inter-depository transfer.
Which is better 5paisa or Zerodha Quora?
Zerodha is best broker in india compare to 5 paisa because Zerodha have been awarded the “Best retail brokerage firm in India for 2018” by the National Stock Exchange (NSE). Zerodha: Brokerage Rs. 20 or 0.1\% which is lower(intraday and delivery same brokerage).
Is 5paisa good for beginners?
The app has easy accessibility to fucntions,and provide great user experience. 5Paisa mobile trading app offers to trade at NSE/BSE and robo research & advisory on the go. You can use the 5Paisa app to buy stocks, trade in stock and currency futures & options, invest in mutual funds and bonds.
Who is owner of 5paisa?
Nirmal Jain
| Nirmal Jain | |
|---|---|
| Known for | Founder of India Infoline and 5paisa.com |
| Title | Chairman, India Infoline (IIFL Group) |
| Spouse(s) | Married |
| Children | 3 |
What is the brokerage charges in 5paisa?
At 5paisa, we believe in making investment affordable so we charge 0\% brokerage. To offer online trading facility at discounted rates, we charge flat fee of Rs. 20 per order.
How do I delete my 5paisa account?
Steps to close 5paisa Demat Account
- Call 5paisa support desk or send email to [email protected] to inform them that you are interested in closing the account.
- Download the 5paisa Account Closure Request Form.
- Fill the form by following instructions given in it.
Is intraday free in 5paisa?
5paisa charges ZERO brokerage for Equity delivery trading, for equity intraday trading you will be charged the lowest brokerage i.e. – flat Rs. 20 per order.
How does 5paisa pay margin?
5Paisa gives margin funding facility on net buy basis in exchange approved securities and 5Paisa approved stocks. Customers need to give their consent to avail margin funding facility. Traders need to pay the margin upfront as per the exchange guidelines. Interest is charged by 5Paisa on the funding provided.
Which is cheaper 5paisa or Zerodha?
Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat Rs 20 or 0.03\% (whichever is lower) per trade….2. Which is better 5paisa vs Zerodha?
| 5Paisa | Zerodha | |
|---|---|---|
| Intraday and F&O Brokerage | Flat Rs 20 per executed order | Flat Rs 20 per executed order |
What is the difference between 5paisa and Zerodha account opening charges?
5paisa trading account opening charges is Rs 0 (Free) while Zerodha account opening changes is Rs 200. 5paisa Demat Account AMC Charges is Rs 540 and Zerodha Demat Account AMC Charges is Rs 300.
What is the difference between 5paisa margin and Zerodha margin?
5paisa margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Zerodha margin for intraday cash is up to 6x of the trade value based on the stock. As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021.
What is the brokerage for intraday trading in Zerodha?
5Paisa charges a fixed brokerage of Rs 20 per trade under the basic plan for intraday trading, whereas zerodha charges lower of Rs. 20 per order or 0.03\% per trade. If your order value is more than Rs 67000 then both the brokers will charge the same brokerage of Rs 20. But for trade volume lower than Rs 67000 Zerodha will charge less @ 0.03\%
What are the different trading platforms offered by 5paisa?
The trading platforms offered 5paisa include 5paisa Trade Station (Web, Mobile App and EXE). Zerodha offers Kite Web, Kite Mobile for Android/iOS and Coin trading software.