Check All Brokerage Reviews
5Paisa Brokerage charges are one of the lowest among the discount brokers in India. Even within the discount broking faternity, the charges levied across the trading segments are pretty low. With such brokerage charges, traders can feel free to place high-ticket value trades as well as larger number of trades without thinking a lot about the commission the stockbroker is going to take away.
Let’s have a quick look at all the details in this complete review:
5Paisa is one of the leading discount stockbrokers in India with ultra-low brokerage charges across segments. Some of the other values provided by this discount broker apart from cheap brokerage charges include:
- High-performance trading platforms
- Free online stockmarket education through 5Paisa School
- Quick Customer support
- Free Account Opening
- First 5 trades are for FREE
When it comes to brokerage, 5Paisa is pretty consistent in its pricing. It charges a flat ₹10 per executed order irrespective of your trade value. In simpler words, even if you trade for ₹1 Lakh or ₹ 10 Crore, you will still pay ₹10 as brokerage and nothing beyond.
Apart from Brokerage, like any other stockbroker, you are charged the following as well:
- Brokerage – Amount a stockbroker (here, 5Paisa) charges for providing trading services to you.
- STT – Securities Transaction Tax is charged by the Government of India.
- Transaction Charges – a charge levied by specific exchanges (NSE or BSE)
- SEBI Charges – SEBI is a regulatory body in the Indian stock market ecosystem and charges specific rates on your trades.
- GST – the much-talked-about Goods and Service tax is levied on the sum of brokerage generated and transaction charges.
- Stamp Duty – is levied by your specific state in India and it varies based on the state you opened your trading account in.
For complete details, let’s check the 5Paisa brokerage charges across different segments:
5Paisa Brokerage Charges – Equity Delivery
When you buy a set of stocks today and sell it some other day, your trade type is called Delivery. This type of trading is suitable for long-term investors or people who monitor and analyze specific stocks for their profits in the stock market.
When you trade in Equity delivery segment, you are charged the following payments from 5Paisa:
You can use this 5Paisa Brokerage Calculator for the complete understanding of different charges levied in your Delivery trades.
5Paisa Brokerage Charges – Equity Intraday
At the same time, if you are someone who looks to make quick profits from the stock market and buys & sells stocks within the same trading day – you are an intra-day level trader. This type of trading is suitable for people who can sit all day in front of the trading terminal and want to report profits within from their trades on the same day:
You can use this 5Paisa Brokerage Calculator for the complete understanding of different charges levied in your Intraday Trades.
5Paisa Brokerage Charges – Equity Futures
At relatively an advanced level, if you are someone who prefers trading in the derivatives segments and specifically in futures, then these charges will be applicable on your trades:
You can use this 5Paisa Brokerage Calculator for the complete understanding of different charges levied in your Futures trading in Equity Segment.
5Paisa Brokerage Charges – Equity Options
You can also trade in Equity options through 5Paisa by paying the following charges:
You can use this 5Paisa Brokerage Calculator for the complete understanding of different charges levied in your Options trading in Equity Segment.
5Paisa Brokerage Charges – Currency Futures
If you are from that specific set of traders who prefer currency trading, then 5Paisa allows you to trade with the following charges:
You can use this 5Paisa Brokerage Calculator for the complete understanding of different charges levied in your Futures trading in Currency Segment.
5Paisa Brokerage Charges – Currency Options
Lastly, currency options’ segment is also available for you with this discount stockbroker. From the payments perspective,
You can use this 5Paisa Brokerage Calculator for the complete understanding of different charges levied in your Options trading in Currency Segment.
As mentioned above, apart from brokerage there are other charges you are supposed to shell out in your trades. Transaction charges are levied by Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) and are a small percentage of your trade value.
In other words, higher your trade value – higher is the transaction charge you end up paying. But still, the percentage value is very miniscule as shown below:
5Paisa Account Related Charges
If you open your account with this discount stockbroker, you will be required to pay some upfront costs as Account Opening Charges.
Furthermore, it depends on the kind of trading account you open with 5Paisa. Here are the details:
5Paisa Stamp Duty Charges
As mentioned above, stamp duty varies based on your state in India and correspondingly charges are levied on your trades. Some trades charge a percentage of your trade value, others have a maximum cap on a daily basis while a few levies a flat rate of Stamp duty on a day level basis.
5Paisa – Other Charges
Apart from all the charges mentioned above, there could be few more charges that Zerodha might levy on you. However, these charges are not generically applied to everyone and are only applicable if you actually use any of these services.
Thus, be wary of these charges before using those unless you want to get surprised later. Here are the details:
Looking to hear back from the executive of 5Paisa?
Provide your details in the form below and a callback will be arranged for you:l
More on 5Paisa
In case you are interested to know more about this discount broker, here are a few reference articles for you: