5paisa -Some important Details about This Broker

BASIC INFORMATION

5paisa is an Indian discount broker that supports trading in a range of financial instruments, from delivery and intraday stocks to currency futures and commodity options. The broker offers a decent trading platform, well-reviewed mobile application and competitive leverage rates.

REGULATORY INFROMATION: LICENSE

No valid regulatory information

Please be aware of the risk!

MARKETS

5paisa offers a handful of markets, including stocks, currency, futures, options, mutual funds and insurance products. The range of equities and derivatives is competitive, though some traders looking for more diverse portfolio options may be better served by brokers with cryptocurrency and commodity CFDs

LEVERAGE

Leverage trading allows you to take larger positions for the possibility to magnify your profits, or your losses. Below is a list of the leverage rates 5paisa offers:

· Currency Futures – 1:1

· Equity Intraday Trading –Up to 1:4

· F&O Exposure Intraday – Up to 1:5

· Option Writing Exposure –Up to 1:4 on normal days and 1:6 on expiry days

ACCOUNT TYPES

5paisa has flat rate charges per order that differ between account types. The more you pay for your account type, the less you pay per order. It is important to note that your 5paisa account must have at least INR 450 in it at any time.

Account charges:

· Optimum – No monthly plan charges and INR 20 per order.

· Platinum – INR 499 per month and INR 10 per order.

· Titanium – INR 999 per month and INR 10 per order (no charges on stock orders).

TRADING PLATFORMS

5paisa‘s platform is available on any web browser, making it accessible from any device type. 5paisa’s trading website allows you to execute trades on all assets offered by the broker, as well as draw together your positions, view your portfolio and keep updated with the latest trading news.

For more frequent traders, 5paisa offers its Trade Station platform, which is an downloadable client with charting and advanced trading analysis tools. The advanced application offers features for comparing stock prices and maximizing profit potential

TRADING HOURS

As 5paisa is an Indian broker, its opening hours are in IST (GMT + 05:30).

· Pre-Opening Session: 09:00 – 09:15 IST (04:30 – 04:45 GMT)

· Trading Session: 09:15 – 15:30 IST (04:45 – 11:00 GMT)

· Closing Session: 15:40 – 16:00 IST (11:10 – 11:30 GMT)

CUSTOMER SUPPORT

5paisas contact details are:

· Email Address: support@5paisa.com

· Telephone: +91 89766 89766

ACCEPTED COUNTRIES

5paisa accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.