BrokAIr Reviews

5Paisa Review

"5Paisa is one of the most popular online brokerages, but some users have reported that their trading platform isn't as user-friendly as they were expecting. Is 5Paisa really the right choice for traders looking for an easy-to-use platform?"

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5Paisa is an Indian discount brokerage firm founded in 2016 by Prakarsh Gagdani. It is a subsidiary of IIFL (India Infoline Limited), one of India’s leading financial services companies. 5Paisa offers a variety of services, from investing and trading in stocks, mutual funds, ETFs, IPOs, commodities, currency, and options, to portfolio management services and online banking.

5Paisa has garnered a good amount of attention in the Indian stock market for being one of the most competitive online discount brokers. It offers its users an array of features and low brokerage fees, making it an ideal choice for many traders and investors.

The top pros of 5Paisa include:

The top cons of 5Paisa include:

Overall, 5Paisa is a good choice for traders and investors who are looking for a reliable discount brokerage firm with low fees. It is well-regarded by many users and has been featured in various news outlets such as Outlook Money and Business Standard. In 2020, 5Paisa received approval from the Securities and Exchange Board of India (SEBI) to offer its services as a registered stock broker. Recently, 5Paisa also launched its own mobile trading app to provide its users with a more convenient way to access its services.