5paisa Review 2021

5paisa is a discount Indian brokerage with equities and derivatives trading on thousands of products.

5paisa is broker that gives traders access to 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
BonusNone
InstrumentsForex, Stocks, Futures, Options
Demo Account
Min. DepositINR 450
Min. TradeNo
Regulated BySEBI
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 SpreadN/A
EURUSD SpreadN/A
EURGBP SpreadN/A
Assets4

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?

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 safer options.

5paisa vs Other Brokers

If you want to compare 5paisa with other brokers, use the detailed comparisons below.

5paisa vs
5paisa is a discount Indian brokerage with equities and derivatives trading on thousands of products.