5
5paisa Review 2026
★★★★★
3.8/584,000 reviewsFull Service BrokerEquity Delivery
Rs.20 flat per order (not free)
Equity Intraday
Rs.20 flat per order
Account Opening
Free (Online)
Annual Maintenance
Rs.300/year
About 5paisa
5paisa is a digital broking subsidiary of IIFL Holdings (India Infoline), one of India's largest financial services groups. Founded 2016. Rs.20 flat brokerage across all segments, access to IIFL research, US stocks, and P2P lending — a diversified offering for the discount segment.
5paisa — Pros & Cons
Pros
- IIFL Group research reports available
- US stocks investment
- P2P lending for higher yield
- Established IIFL Group regulatory track record
Cons
- Rs.20 delivery brokerage — not free unlike Zerodha/Groww
- Older platform UI less modern than competitors
- Inconsistent customer service
IPOGenie's 5paisa Review
5paisa offers good value for investors who want both discount pricing and research. However, Rs.20 delivery brokerage makes it more expensive than Zerodha/Groww for buy-and-hold investors (where delivery is free). Best for active traders who benefit from IIFL research at discount prices.
5paisa Brokerage Charges 2026
| Segment | Brokerage |
|---|---|
| Equity Delivery | Rs.20 flat per order (not free) |
| Equity Intraday | Rs.20 flat per order |
| Equity F&O | Rs.20 flat per order |
| Mutual Funds | |
| Account Opening | Free (Online) |
| Annual Maintenance (Demat) | Rs.300/year |
FAQs — 5paisa
Is 5paisa safe for investing?
5paisa is a SEBI-registered stockbroker and member of NSE and BSE. Your investments are held in your Demat account, separate from the broker. SEBI's Investor Protection Fund provides additional safety net. 5paisa has been operating since 2016 with a strong track record.
How to open a 5paisa account?
Opening a 5paisa account is entirely digital and takes about 10-15 minutes. You need: PAN card, Aadhaar card, bank account details, and a smartphone with a camera for video KYC. Visit the official website or app, fill in your details, complete KYC, and your account is typically activated within 24 hours.
Can I apply for IPOs through 5paisa?
Yes. 5paisa supports IPO applications through UPI ASBA. Simply log into your account, navigate to the IPO section, select the IPO, enter the quantity and UPI ID, and approve the mandate on your UPI app. The application amount is blocked (not debited) until allotment.
What trading platforms does 5paisa offer?
5paisa offers the following trading platforms: 5paisa Trading App, 5paisa Web Platform, 5paisa TradeStation. These are available on web browser, iOS, and Android.