5paisa is a discount Indian brokerage with equities and derivatives trading on thousands of products.
5paisa is a discount Indian brokerage with equities and derivatives trading on thousands of products.
5paisa is broker that offers traders Forex, Stocks, Futures and Options. Surprisingly, 5paisa does not support either of the enormously popular MetaTrader platforms (4 and 5).
In terms of features offered to traders, 5paisa has Signals but is missing Demo Accounts, Islamic Accounts, Social Trading and Auto Trading.
5paisa is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.
5paisa Summary
5paisa is a discount Indian brokerage with equities and derivatives trading on thousands of products.
Ratings
30%
Trust
66%
Instruments
14%
Features
Bonus
None
Instruments
Forex, Stocks, Futures, Options
Demo Account
✗
Min. Deposit
INR 450
Min. Trade
No
Regulated By
SEBI
MetaTrader 4
✗
MetaTrader 5
✗
cTrader
✗
DMA Account
✗
ECN Account
✗
Mobile Apps
iOS & Android
Auto Trading
✗
Trade Signals
✓
Social Trading
✗
Copy Trading
✗
Islamic Account
✗
Forex Trading
5paisa supports forex trading through futures and options on four major currencies paired with the Indian rupee.
GBPUSD Spread
N/A
EURUSD Spread
N/A
EURGBP Spread
N/A
Assets
4
Payment Methods
5paisa accepts the following payment methods:
Wire Transfer
Risk Warning – Your capital is at risk
FAQ
Is 5paisa Safe?
In our review we gave 5paisa a low trust score of 30%, which means that traders should try things out before they deposit any larger amounts. One of the main negative factors in this low score is that 5paisa is not FCA regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.
Does 5paisa Accept PayPal?
No, 5paisa does not accept PayPal payments.
Is 5paisa Halal?
Probably not, as 5paisa does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.
Is 5paisa Regulated in the UK?
No, 5paisa is unfortunately not regulated by the FCA here in the UK. See our list of FCA regulated brokers for alternatives
Is 5paisa Regulated?
Yes, 5paisa is regulated by SEBI.
The fact that 5paisa is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for options.
5paisa vs Other Brokers
If you want to compare 5paisa with other brokers, use the detailed comparisons below.
