5paisa Bracket Order

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Do you know that if you have an account with a broker like 5paisa and want to get into intraday trading? Then shield your losses with 5paisa Bracket Order.

Wondering how?

Here is the detail that gives you complete information around what bracket order is and how you can place it in 5paisa. 

But before starting the 5paisa bracket order, are you aware of the firm’s background? If not, then let’s have a quick sneak-peek at the same.

5paisa is a discount broker in India regulated and monitored by SEBI, registered with both the depositories, i.e., NSDL & CDSL, and also allows trading with various stock exchanges, like BSE, NSE, and MCX. 

Dive in to understand the whole concept. 

What is Bracket Order in 5paisa?

Many among you might still be confused about what bracket order is?

In easy terms, Bracket Order (BO) helps the traders to lessen their losses and gain more profits. It is a three-legged order in which the trader can trade by specifying the entry price, target price, and stop-loss price. 

Now, while placing the order (buy/sell), the investors or traders can select “bracket order” from the ‘Place Order’ window.

To understand the concept in an easier way, let’s assume a condition that is described below:


Let’s assume that a trader wants to buy ABC stock at ₹100. The trader is bullish but still sets the target sell order at Rs. 110 and at the same time he does not want to take much risk and therefore execute the order by entering the stop-loss of ₹98

Now here, the higher sell order will help you in gaining more profits, whereas the lower sell order will help to reduce the losses.

So, whenever the price of the stock will reach any of the mentioned prices, the order will automatically get executed.


How to Place Bracket Order in 5paisa?

5paisa allows the trading through the bracket order where the trader can trade in an intraday position and taking the advantage of extra exposure with the stop-loss order.

The 5paisa intraday square off time is 3:20 pm, after which the order gets placed automatically it includes, cover order, stop loss, bracket order, and many more.

The process of placing the bracket order in 5paisa is smooth and straightforward and did not carry any kind of unpredictable procedure and concept.

If you want to place an order with the bracket order type, refer to the following points:

  • Login to the official website of 5paisa or to its trading platform. 
  • Enter to the app, now select ‘Scrip.’
  • Select the order that you want to buy/sell.
  • Click on ‘Advance.’
  • In the order type, select the bracket order.
  • Bracket order with the mobile platform.
  • Open the app and click on ‘Watchlist’ from the menu.
  • Select the stock where you want to invest in.
  • Click the buy button and then click the ‘Advanced’ button.
  • Now, select Bracket in the ‘Type’ option, fill in all the alternatives like- Quantity, Price, and then click on ‘Buy.’
  • After clicking ‘Buy,’ you will get a confirmation and then click on ‘Place Order’ at the bottom.
  • After that, you’ll get a ‘successfully placed order’ message.
  • Click on the ‘Orders’ option to verify the order.
  • Now, you can check the three sets of the bracket order that is being placed by you.

You can use stop loss to execute the order at the special price at the time of price fluctuations.


5paisa Bracket Order Charges

If you want to trade with the minimum risk, then bracket order is the option. Till yet, we have provided the information on how you can execute the bracket order using the 5paisa trading platform.

But the most important part here is to consider the charges, that the broker imposed on the trader.

Well! the 5paisa is a discount broker, so here it offers the best trading services at a discounted price. Offering different plans, you can trade in different segments by paying the flat brokerage of ₹20. However, if you opt for the Value Addition Packs then you can trade across different segments by paying the brokerage of ₹10.

In all to execute bracket order for intraday, futures or options, you just have to pay the charges in the range of ₹10-₹20 depending upon the plan you choose. Thus, 5paisa Intraday Charges are less for intraday lovers.

At the same time, you will be levied 5Paisa Auto square off charges as well, in case you forget to exit off your trades before the market ends for the day.


5paisa Bracket Order Margin

Want to trade with 5paisa through bracket order but do not have enough funds in the 5paisa trading account? Don’t worry as we will discuss the 5paisa bracket order margin in this segment.

5paisa bracket order leverage is up to 20x on intraday, whereas, in equity futures, the margin of upto 3.5x is provided by 5paisa, while there is no margin provided for the bracket order in equity options. 


To understand the 5paisa bracket order leverage let’s take an example.

  • If Rahul wants to trade Intraday with 5paisa but he has Rs. 1000 with him and so, he can take the margin up to 20 times. Hence, Rahul can trade with up to Rs. 20,000 by taking the Intraday margin with 5paisa.
  • If Sumit wants to invest in Equity Futures for day trade with the firm bus has Rs. 1000 with him, then he can take the margin on Equity Futures segment of up to 3.5 times which means he can trade with up to Rs. 3500.

Conclusion

Bracket Order (BO) allows traders to reduce their losses in simple terms and make more profits. In bracket order, with the target and stop-loss order, a new position can be inserted.

The objective of 5paisa is to provide clients with advanced order types, such as bracket orders, cover orders, and stop-loss orders.

5paisa facilitates trading through the bracket order, where the trader can trade in an intraday position and take advantage of the stop-loss order’s additional availability.

The 5paisa bracket order leverage carries a slight difference in the margin numbers, whereas the information mentioned above about the 5paisa bracket order is accurate based on the research.

Don’t you think that this is the exclusive feature provided by only a few stockbrokers in India. For let say when comparing Zerodha vs 5paisa, the former does not give the facility to place bracket orders intraday.

To reap the benefit of advanced trading and minimize your losses by trading with the leading broker 5paisa. 

Stay connected and happy trading!


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