5paisa Mobile App Review - Features, Demo, Download
5Paisa Track Record Of Best Online Stock Broker In India
5Paisa Mobile App Review - Features, Demo, Download
5paisa is a Mumbai based discount stock broker situated in India. It offers online stock trading to retail customers at a very low flat rate brokerage. It has launched its services in the year 2016 and has been the most trustworthy for many investors and traders. It gained a large number of customers because of the low brokerage plans.
5paisa provides a seamless and fantastic trading experience to its customers by availing them with the various mobile trading platforms. The mobile trading platforms help the customers to trade online with some extra features that makes trading easy and at the customer’s finger tips.
5paisa Mobile Trading Application
The 5paisa mobile app is one the most advanced mobile trading platforms available in the market. This application is a tremendous trading platform which is being used by many clients of the organization. Moreover, it has some advanced features which let the clients trade with just a smartphone. For seamless experience of using the mobile application one must have a good internet connection. The application assists in trading by providing charts and tips to give best trading experience. The customer can trade/invest using the trading application on Android or iOS phones. The mobile trading app is available for free of cost to all its customers.
1. It provides the customer trading in different segments like in equity, delivery, intraday and F&O segments.
2. It provides the facility of currency trading in the F&O segment.
3. It provides the facility of direct investment in mutual funds.
4. It provides the facility of investing through Systematic Investment Plan (SIP).
5. It provides an automated investor advisory system called Robo Advisory.
6. It helps you in managing your demat account.
7. It helps in management of trading accounts.
8. It provides Real-time data and streaming quotes for all segments.
9. It facilitates you with advanced charting tools.
10. Simple and easy to understand user interface platform for all kinds of investors.
Supported Platform and Devices
The mobile application of 5paisa is available for both Android and iOS smartphone users.
1. 5paisa App for Android Phone: 5paisa app for Android phones can be easily downloaded from Google Play Store.
2. 5paisa Trading App for iPhone: The 5paisa app for iOS (Apple iPhone) is available at iTunes store for download.
How to set up a 5Paisa Mobile App?
To set up the 5paisa mobile app you need to follow the below steps:
1. You need to open an account with 5Paisa by going through the official website of 5paisa, once you open your account, you will receive a user ID.
2. You need to install the 5Paisa Mobile App on your mobile by using the App store if you are an iOS user or Google Play store for the Android users. Then log in to your account.
3. On the dashboard, you will be able to see an option as written above and then you can create your own market watch list. Add scrip according to your investment to the list and then you can track all those stocks.
4. Adding or removing process of scrips is too easy, all you have to do is to type the name of the company or the scrip you want to add, once the scrip comes up, click on the add and similarly you can remove the same.
5. After this you can buy or sell the stocks just by clicking on the stocks. You will get to buy or sell option-click whichever you need to.
6. There is a portfolio section where you can add all your orders and holdings and can track them at anytime from anywhere.
7. To add the charts and technical indicators, go to the sections of the chart. You will find it in the tabs there.
i. In terms of data security and secure transactions 5paisa mobile app is one of the best trading platforms. 256-bit SSL is used for the encryption which helps to secure the clients’ data and information on the platform.
ii. Users can log in as a guest on this platform for free and then also can open an account with 5Paisa. This provides the advantage of checking the application before deciding anything.
iii. Demo videos provide guidance on how to use the application which helps the users to understand the features of the application.
iv. The overall performance of the application is quite good. It is fast enough to execute orders quickly.
So, overall 5Paisa Mobile Trading App can be considered as a decent trading application offered by one of the known discount brokers 5Paisa. There is no extra charge for this amazing application as it is completely free. In order to use it, traders just need to open an account with 5paisa.
Frequently Asked Questions
No, It charges flat Rs.20 per executed order brokerage for stock trading and Rs.10 per executed order brokerage for mutual funds.
The features are listed below: 1. Zero brokerage. 2. Free premium Research and advisory. 3. Paperless account opening. 4. Free account opening. 5. Free mutual fund account opening.
In order to track the account opening status of your references, you need to follow these steps: 1. Login to 5paisa.com partner section. 2. Click on the dashboard. 3. Select the lead status and you will be able to see the account opening status of your reference.
The steps to download profit and loss reports in 5paisa are: 1. Enter your username and password by logging in to your account. 2. Click on your Profile logo on the dashboard. 3. Go to “My reports” from the options tab. 4. Select “Portfolio” from the reports option. 5. Select the necessary filters. 6. Click on the PDF or Excel button and download your P&L report from 5paisa.
If the customer applies online to open an account then the account will be opened within an hour. If the customer applies offline to open an account then the account will be opened within 24 hours. Any mistake in the submitted forms or documents would delay the account opening process.
The limit for IPO application is 2 lakhs per transaction on UPI.
You will get a link which you can send to your references. One your references add their name, mail Id and mobile number then the credit will be given to you automatically.
It allows the users to trade and to invest in equity, currency trading to go along with the mutual fund investments across BSE, and NSE.
ALB is the Adjusted Ledger Balance. It is the balance for the fund that you can withdraw or transfer back to the bank account.
The add on packs do not include the GST tax. All the paid plans will be charged at 18% GST over and above the add on pack fees and the same shall be non-refundable.
A minor cannot become a partner with 5 paisa.
To change your billing date, you are required to cancel your subscription and restart it on the date you would like to bill it on. In case you cancel it in the middle of your billing cycle, the cancellation shall be effective only at the end of that billing cycle and then you will be unable to re-subscribe your account until after that time.
5paisa.com does not provide any marketing support. The customer is required to search their references on their own. Although, the complete information about 5paisa.com is available on the website. The information present on website can be used for convincing clients.
When you sell any stocks held in your demat account and the securities are debited from the demat account then a demat debit charge is levied by 5paisa. The charges are 0.025% i.e. minimum Rs.25 per transaction of the value of securities.
The de-registration will not be available from the application until the active requests are revoked/executed.
The signature may get rejected due to the following reasons: 1. If the client has signed other than blue or black ink in the sent documents. 2. If the client has signed with pencil. 3. If the signature file is not uploaded properly. 4. If the signature does not match with your PAN. 5. If the signature is blur and not visible.
No, there are no charges for transactions done through UPI.
This broker results as a fantastic choice for the beginner clients as it is cheap. It charges a flat rate brokerage for all the segments and allows investment with assistance of small chunk of money without the need of deploying massive funds into the demat account.
They are the type of mutual funds that invest in securities with a residual maturity of up to 91 days. The assets invested are not tied up for a long time as liquid funds do not have lock-in period.
It is the date on which the client’s investment will be processed each month. When a client does an SIP then the amount is debited from their bank account one business day prior to the SIP date.
A Virtual Payment Address (VPA) is a unique identifier that can be used to send and receive money on UPI. Think of it as an email Id that you can use to transfer money.
You are required to have an active equity account in order to subscribe to any of our add on back plans.
No, only one bank account with one IPO application is allowed.
No, this broker belongs to the house of discount brokers and they don’t provide research services. However, the customers can rely on 5paisa terms of information regarding the top picks. Its robo advisory tool guides the customers through lot of aspects.
UPI is an abbreviation used for Unified Payments Interface (UPI). It is an instant payment system developed by the National Payments Corporation of India (NPCI), an RBI regulated entity. It is built over the IMPS infrastructure and allows you to instantly transfer money between the sender and the receiver.
Yes, It is safe, trustworthy and reliable stockbroker. It is promoted by Mr. Nirmal Jain, the founder of IIFL group (formally India Infoline). This broker is professionally managed and publicly traded company that is listed at BSE and NSE.
In order to get your SIP stop, follow the steps: 1. Go to Mutual Funds order book. 2. Click on the SIP section. 3. Click on the scheme you wish to stop. 4. Click on the Stop SIP option. 5. Select a reason and click on stop SIP.
The customer can redeem investments by using the following steps: 1. Visit the Mutual Fund Portfolio (termed as MF Holdings on web). 2. Tap on the scheme you would like to redeem. 3. Click on Redeem. 4. Choose the units or amount to redeem. 5. Click on Confirm.
If you have insufficient balance in your bank account while accepting the IPO mandate then the transaction will get declined. You need to have sufficient funds in your bank account to carry on the transaction.
You need to send physical signed form to get your demat and trading account closed.