No, 5paisa is not entirely free, as it charges brokerage fees for various trading activities.
While certain aspects of using a brokerage like 5paisa, such as account opening, might be free or involve minimal charges, the primary trading services incur fees. This is a common model for discount brokers, who aim to provide low-cost trading by charging a flat fee per trade rather than a percentage of the trade value.
Understanding 5paisa's Brokerage Structure
5paisa levies a flat fee of ₹20 per order across several popular trading segments. This fixed charge applies regardless of the trade value for these specific types of transactions.
Below is a summary of 5paisa's primary brokerage charges for common trading segments:
| Trading Segment | Brokerage Charge (Per Order) |
|---|---|
| Equity Delivery Trading | ₹20 |
| Equity Intraday Trading | ₹20 |
| Futures & Options (F&O) Trading | ₹20 |
It's important to remember that beyond the brokerage fee, other statutory charges and taxes apply to trades, such as Goods and Services Tax (GST), Securities Transaction Tax (STT), Stamp Duty, and transaction charges. These are standard across all brokers and are not unique to 5paisa.
For a comprehensive breakdown of all charges and taxes, it's advisable to consult the official 5paisa Brokerage Charges page on their website. Therefore, while 5paisa offers competitive pricing with its flat-fee model, it is not a "free" trading platform.
