5Paisa Stock Trading

5paisa is Online Stock Trading Company of India Infoline Securities Private Ltd., Owner of popular business portal Indiainfoline.com. Besides high quality investment advice from an experienced research team, the site offers real time stock quotes, market news and multiple tools for technical analysis. Trading is available in BSE and NSE.

rade In: BSE and NSE

Trading Terminals:

5Paisa offers 2 different online trading terminals to its customers:

1. Investor Terminal (IT)

   Investor Terminal is 5Paisa's equity trading terminal for low volume trader. This is web based terminal and could access from anywhere. This product provides limited features in comparison of Trader Terminal, which is another product provided by 5Paisa.

2. Trader Terminal (TT)

   Trader Terminal is for high volume equity traders. Trader Terminal provides high volume trading with powerful interface and fast order execution.

Brokerage and Account opening fees:

Account opening fees: Rs 500/- one time non refundable.

Brokerage:

1. 5 paisa offer competitive rates. They charge only 5 paisa for Rs100 of trade done, which is 0.05%. brokerage. In case of trade that result in delivery, they charge an additional 0.20% for back office and securities handling.

How to open account with 5Paisa

There are few steps to open an account with 5paisa.

1. First log on to their site and fill the registration form. Once you fill the form they will give you 2 options. Either you can receive the form by mail or one of their agent visit you personally. Personal visit is not available in all cities.
2. After registration, you will be required to deposit a certain amount of initial margin deposit with them. The deposit can be of any amount, but it should not be less than Rupees Five Thousand.
3. When your account is activated, you will receive a welcome kit, which contains details about your account, your username and password, and the user's manual. The kit will also include a CD ROM which will allow you to install trading software.
4. It will take approximately 15 days to complete the formalities if all the correct documents are sent and the forms are correctly filled.

Advantages of 5paisa

1. Very fast execution speed.
2. Rates are very competitive then other providers.
3. All transactions are secure and confidential because the password is generated by system and it stored in database in encrypted format so no one can know the actual password.

Disadvantages of 5paisa

1. No intra-day tick by tick charts in Investor Terminal (IT).
2. Learning 5paisa Trading Terminal is little hard.

Useful links & info about 5paisa

1. 5paisa Website: http://www.5paisa.com
2. E-mail: info@5pmail.com
3. Phone: +(91 22) 8785000
4. Fax: +(91 22) 872 4222