5paisa

5paisa Review for traders in India: SEBI-regulated NSE-listed broker with flat ₹20 per order fee

5paisa is one of India's most cost-effective listed brokers — SEBI-regulated, NSE-listed, with a flat ₹20/order fee and robo-advisory. Part of the IIFL group adds credibility. The platform is functional rather than cutting-edge, but for cost-focused investors who want a reliable listed broker at the lowest price point, 5paisa delivers well.

Consensus Rating

The rating evaluates 42 key factors, from regulation and costs to execution, product offering and support. The score combines analysis from multiple experts and competitor comparisons to provide an aggregated and balanced assessment. This reduces individual bias and offers a more reliable reference for broader market consensus.

Alternative Provider

AvaTrade

India has a large and growing retail trading community with a strong appetite for global markets. AvaTrade's 1,260+ instrument range — including vanilla options and futures alongside standard forex and CFD products — gives experienced Indian traders more to work with than most offshore alternatives, and the AvaTradeGO app handles mobile access cleanly.

Review

AvaTrade

5paisa is an Indian discount broker regulated by SEBI and listed on NSE. Founded in 2016 as part of the IIFL group, 5paisa offers equity, derivatives, mutual funds, commodities, and insurance at a flat brokerage of ₹20 per order. It targets cost-conscious investors and traders with a simple, affordable platform and a robo-advisory service called 5paisa Robo. With access to NSE and BSE, it serves both retail and institutional clients with a straightforward digital-first approach.

Available locally?

Foundation

2016

Minimum Deposit

INR 0

HQ

Payment Methods

Regulators

SEBI

Trades at the Stock Exchange?

NSE:5PAISA

How to Open an Account

1. Go to the official website >

Visit the app's official website (or download it from the App Store/Google Play) to get started from a trusted source.

2. Open an account

Register, enter your basic information, and set up secure login. If available, enable two-factor authentication for extra protection.

3. Verify your identity

Complete the verification process with the required documents, such as an ID card or passport, and proof of residence (e.g., an electricity bill or bank statement).

4. Add funds

Choose how to use the service: bank transfer, card, or linked account (depending on the app). Check fees, limits, and processing times before confirming, as they may vary.

5. Make your first transaction

Find the function you need in the app, set the amount or limit (if applicable), and confirm.