5Paisa Sensibull Review
5Paisa Track Record Of Best Online Stock Broker In India
5Paisa Sensibull for Options Review
Sensibull is an options trading platform that simplifies the options strategy creation by suggesting multiple ways for viewing a particular market. This service provides the essential information like risk, volatility, and profit/loss potential before the customer enter the options trade.
Let’s take an example and understand it better: If the customer thinks that the Nifty will rise by 200 points in 14 days but the customer is not sure about the strategy.
Now here the need of Sensibull arises, the customer will go to Sensibull and will enter their market projections and then press the go button. It will create specific buy/sell option strategies with the details of profit, ROI, breakeven, max profit/loss for each strategy.
How does Sensibull Work?
Sensibull is an independent start-up with its own options trading platform. It has tied up with various brokers like 5paisa and more to help the customers to trade directly on the selected options strategy from the platform instead of copying the strategy.
To receive the best options strategy, first of all the customer need to have a view for a particular stock or index. The view can be bullish i.e. the stock prices will rise in the coming days or bearish i.e. the prices are going to fall in the coming days.
Subscription and Brokerage charges for 5paisa Sensibull
Subscription charges for Sensibull are:
Note: The brokerage charges will be same i.e. flat fee of Rs.20 (Applicable from 1st January 2020)
Payment Options Accepted in 5paisa Sensibull
The following payment options are accepted in 5paisa Sensibull:
1. Net banking.
2. Debit Card.
3. Credit Card.
Features of 5paisa Sensibull
1. It is a one stop solution for all the Option trading.
2. The best option strategy to keep view on the market or stock. It helps in avoiding wrong trades with warnings and safeguards throughout the system.
3. It provides virtual trading to learn Futures and Options without the real money. It provides the facility of free education to its customers to make the best choices.
4. The customer can visualize trades and P&L under various scenarios with the attractive graphs.
5. Keeps the track of trades and strategies and do scenario analysis.
Benefits of 5paisa Sensibull
1. This helps in bringing the best strategy engine and trading platform.
2. It is packed with essential features like Option Analyzer, Futures Conversion, Event Calendar and much more.
3. It makes the complex strategy simpler with just a single click.
4. It has a sleek and simple interface.
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.