A review on 5paisa

Dear Friends,
Before reviewing their three offering viz., Investor Terminal, Trader Terminal and Trader Terminal 2005, I wish to say something about pre-requisite for online trading.To start trading online in Indian share markets you need following accounts.1. Broker Account to place your buy and sell orders in the stock exchange (5paisa, sharekhan, HDFC Sec, ICICI Direct, India Bulls, Motilal Oswal,envestmentz etc.,)2. Demat A/c to hold your shares in electronic form ( Most of the online brokers are offering this service for a fee. This fees is lowest at India Infoline Sec. Which is a subsidiary of 5paisa and account opening charge Rs500 is waived for 5 paisa customers)3. Net enabled Bank A/c to transfer funds to your broker and receive funds from your broker. ( 5 paisa needs net enabled A/c in any of the following banks – ICICI Bank, HDFC Bank, UTI Bank, Citi Bank and Centurion Bank)
Review of 5 paisa products
1. Investor TerminalTo know the general information about this product, please visit http://www.5paisa.com/products/5pit.html . You can place orders even from browsing centers. Brokerage is about 0.5% for delivery trades and about 0.25% for square-off trades(it means buying 100 shares of ACC in the morning and selling them in the same day itself. It is called as intra day trading). Fastness of execution of your orders depends on net speed. This product suits for buy and hold type of investors. Brokerage will be charged as and when your orders are executed. No other fixed charge except demat charge. Offline orders are not possible. ( Off line order means is placing orders after market time). Orders can also be placed through phone but the will charge you Rs25 for each telephone order.
2. Trader TerminalTo know the general information about this product, please visit http://www.5paisa.com/products/5ptt.html . You need to download a small software from their website (Trader Terminal approx 1.8 MB in size from www.5paisa.com/download). You can’t place orders from browsing centers as this software is necessary to place orders. Brokerage is about 0.25 % for delivery trades and 0.05% (5pasia for Rs100) for square-off trades on each leg. Very fast. Orders will be executed at fraction of a second. You can trade in NSE Cash and NSE Derivatives. You also get trading ideas free of cost, which are highly useful and regarded as best of the best. For this product you need to pay Rs 4999 or Rs 7999 as advance brokerage for a year. No separate fee for this product. This advance brokerage will be set-off against your trade brokerages. Both intra day and historic charting facility is available. Offline orders are not possible. Orders can also be placed through phone (30 telephone orders per month free- no additional charge)3. Trader Terminal 2005Most of the features are same as Trader Terminal. Fee also same. Fastest. Here you can place order in BSE cash also (apart from NSE cash and Derivatives). Off line order is allowed. So you can place order at any time even at mid night. . You need to download a small software from their website (Trader Terminal 2005 approx 1.8 MB in size from www.5paisa.com/download). Disadvantage is only intra day charting is available. No historic charting facility. Orders can also be placed through phone. (30 telephone orders per month free- no additional charge)
Back OfficeThey have one the best online back office facilities. Your limits are updated every 180 seconds. If you transfer funds online it will be reflected in your ledger with in 2 hours during market time. If you request fund, it will be credited directly into your bank A/c within 2 days. One the best customer care through email and phone. If you give power of Attorney to handle your demat A/c , trading through 5paisa is really a pleasant experience with no paper work or courier charge.
Happy investing.

0 comments:

Post a Comment

All comments are moderated. Please post no spam

Disclaimer & Privacy Policies

(c) Mrs. Ruby Christy. This site and contents are owned by Mrs. Ruby Christy;
Use of this website and/or services offered by us indicates your acceptance of our Disclaimer& Privacy Policies.

Information and opinions provided on this website (www.investchips.com) has been independently obtained from sources believed to be reliable. However, such information may include inaccuracies, errors or omissions. Investchips.com and its affiliates, information providers or content providers and R.John Christy and his Family shall have no liability to you or third parties for the accuracy, completeness, timeliness or correct sequencing of information available on this website or feeds, or for any decision made or action taken by you in reliance upon such information, or for the delay or interruption of such information. Investchips.com,its affiliates, information providers ,content providers and R. John Christy and his Family shall have no liability for investment decisions or other actions taken or made by you based on the information provided on this website. Any action you choose to take in the markets is totally your own responsibility. Investchips.com and R. John Christy and his Family will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. This information is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. Opinions expressed by R. John Christy are his own and not of his past, present and future employers.
The DoubleClick DART cookie is used by Google in the ads served on this websites displaying AdSense for content ads. When users visit this website and either view or click on an ad, a cookie may be dropped on that end user's browser.
  • Google, as a third party vendor, uses cookies to serve ads on this site.
  • Google's use of the DART cookie enables it to serve ads to your users based on their visit to this site and other sites on the Internet.
  • Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy.
  • www.investchips.com never collects any personal information of visitors.