Having a demat account with 5paisa and want to know how to trade in 5paisa? If yes, then here we are with the complete information that helps you execute your trade in different segments seamlessly.
So let’s begin with the little brief of the company 5paisa.
5paisa is monitored and controlled by SEBI, and also it is registered with the various stock exchanges, including NSE, BSE,MCX, and MCX-SX. Before becoming an independent firm, it was a branch of IIFL Securities.
Once you open a demat account with 5paisa you will get access to different trading platforms where you can trade effortlessly.
In case you don’t have a demat account, refer to the form below and proper guidance will be given to you:
So, let’s start the discussion on how to trade in 5paisa.
How to Trade in 5paisa App?
If you are technologically active on the apps and want to know about how to trade in the 5paisa app, then this segment will discuss the same.
If you want to trade in commodities and are looking for the answer of how to trade in commodities in 5paisa, then this segment will cover the answer for that.
You can trade in commodities with 5paisa from its trading portals. For that, you will be needed to activate the commodity segment, and after that, the trading can be done through the 5paisa trading platforms.
You will have to select the trading segment as the commodity and choose the commodity in which you want to trade-in.
Fill in the essential information like trading type, quantity, order types and execute the order by confirming it.
The firm offers trading with MCX if you want to trade in the commodity. Apart from commodities, a trader can trade in currency also.
How to Trade in Options in 5paisa?
For trading in the options, it is necessary to activate the derivatives segment. The procedure remains the same for executing the trade, but in options, you can select the call or put options contracts depending upon the market trend from the options ladder.
The buyer who is bullish usually goes for the call option while the seller with the bearish trend opts for the put option.
From the option price ladder, pick the strike price depending upon your risk appetite and the premium you want to pay.
As you select the strike price, next click on the buy/sell button.
A new window appears on the screen.
Enter the lot size and the product type (MIS or CNC).
After filling all the details click on the buy or sell button and your order gets executed successfully.
How to Trade Futures in 5Paisa?
Trading in commodities with 5paisa allows you to trade in futures and options. The procedure remains the same, but if you want to trade in futures, you will have to activate the segment.
Consider the following steps to activate the segment and start trading.
➡️ To trade in derivatives, you can go to the web portal of the firm i.e. Trade Station, and then you can click on the ‘Profile’.
➡️ Search for the ‘Personal Details’ and then click on it. A new pop-up window will appear on the screen.
➡️ Click on ‘Continue’ and the next pop-up window will ask about the submission of the income proof. You will be required to submit two financial proofs to activate the segment.
➡️ After submitting the proofs click on ‘Save’ and the segment will get activated after which the trading can be easily done in the futures and options.
➡️ Now you can trade under options by selecting any scrip.
The trading with 5paisa became reliable for the traders as the experience is enhanced, and the order execution is done hand by hand and steadily.
It is secure and straightforward to position the order via the 5paisa application that did not need any procedures to follow in-depth.
The investor commands the broker/agent to sell stock whenever it hits a fixed price limit by entering the stop-loss order.
Traders who’ve been frequent traders with 5paisa use intraday trading to build more profit. And indeed, the company’s trading gateways encourage the customer’s trading encounter.
Before starting the trading with any stockbroker, it is efficient to check the authenticity, functioning and then begin the trading.
Read, explore and start trading with 5paisa.
Want to open a Demat Account? Refer to the form below