Any one tried 5paisa brokerage

[AndhraCement]

hi

Any body tried 5paisa brokerage ?

These guys charge only 10 rs flat per trade ....but they charge around 800rs for account opening

Also what is the difference between discount brokerages and full brokerages ?

At the moment i have two accounts, in sharekhan and edelweiss ......and all my earnings are going in there brokerages

 

[5paisa]

Dear User,

Discount Broking is meant for advanced traders who are looking for competitive broking rates. You will not receive any trade assistance or research reports in this type of Broking, but you will get a great trading platform for speedy trade executions. 5Paisa offers discount broking to give you the best brokerage.
A full broker offers a comprehensive package that includes research reports, trading services and more. For that, the brokerage is higher as compared to discount brokers.

Both the accounts have their own share of benefits; you may know about by visiting the following link https://www.5paisa.com/knowledge-ce.../10/05/discount-broker-vs-full-service-broker

Regards,

Team 5Paisa

 

[timepass]

Hello 5 paisa, do you have a margin calculator and brokerage calculator on your website ? Couldn't find it.

Which trading software do you use ?

Do you offer bracket orders ? Does your margin calculator show the margins for BO ?

 

[kaly422000]

Dear User,

Discount Broking is meant for advanced traders who are looking for competitive broking rates. You will not receive any trade assistance or research reports in this type of Broking, but you will get a great trading platform for speedy trade executions. 5Paisa offers discount broking to give you the best brokerage.
A full broker offers a comprehensive package that includes research reports, trading services and more. For that, the brokerage is higher as compared to discount brokers.

Both the accounts have their own share of benefits; you may know about by visiting the following link https://www.5paisa.com/knowledge-ce.../10/05/discount-broker-vs-full-service-broker

Regards,

Team 5Paisa

but u sud introduce .01/.1 or rs 10/20 which is lower brokarage structure ,as done by maximum discount broker. percentasge brokarage also essential in case of small trade to test etc or stock sip

 

[5paisa]

but u sud introduce .01/.1 or rs 10/20 which is lower brokarage structure ,as done by maximum discount broker. percentasge brokarage also essential in case of small trade to test etc or stock sip

Discount Broking is for seasoned traders, and Rs.10 flat on any trade is the best deal you will avail in the market

 

[kaly422000]

Discount Broking is for seasoned traders, and Rs.10 flat on any trade is the best deal you will avail in the market

but industry standard is .01/.1 or rs 15 or 20 which is lower in discount brokarage segment . only future and option player wud be benefited(in flat price). for low volume intraday trader a bit problem or who trade some time stock sip. u can not choose only big players

 

[trump]

Discount Broking is for seasoned traders, and Rs.10 flat on any trade is the best deal you will avail in the market

Finvasia charges "zero" or nothing as brokerage, so which is better. or do Finvasia have hidden charges, enlighten please

 

[Raj232]

Finvasia charges "zero" or nothing as brokerage, so which is better. or do Finvasia have hidden charges, enlighten please

The main issue is finding a reputable broker without breakdowns and stable platform. If these basic infrastructure is not in place, then whatever the other facilities that the discount broker might offer are of no use.

Especially when the broker changes names etc, it is very doubtful, because that seems a way to trap new trader who is unaware of the brokers bad history or bad reputation.

 

[traderniftybull]

Finvasia charges "zero" or nothing as brokerage, so which is better. or do Finvasia have hidden charges, enlighten please

Yes, Finvasia, do not charge any brokerage, for equity, fno, currency or commodities.
No, there is no hidden charges.

Till now they were offering NEST free of any charge. But from 1.10.17, they are to charge Rs 49 per exchange, that is 49 each for NSE, BSE and MCX. However they are still not charging for NOW (for NSE segments) but for BSE they will charge. For more details you may refer to Finvasia thread.

BTW, though Finvasia is on zero brokerage, but still a trader was suggesting Finvasia to charge .01/.1 or rs 10/15, as being a low volume trader, he was not able/willing to pay 45 as software charges for NestTrader or NOW at free of any charges

 

[5paisa]

5paisa maintains complete transparency when it comes to charges. Flat Rs.10 brokerage on all orders, irrespective of the trading value.

But more than that, we wish to spread financial awareness and trading literacy among masses, and for that we have a dedicated blog section

And we have also launched 5p school to educate masses on stock trading and investment

We wish that people should invest in equity markets and grow. You may visit our website 5paisa.com to know more