5Paisa

Q: What is 5paisa, and when was it founded?

A: 5paisa is a discount broker in India that offers online trading services for stocks, futures and options, commodities, and mutual funds. It was founded in 2016 by Prakarsh Gagdani and Nirmal Jain.

Q: What are the key features of 5paisa?

A: 5paisa offers the following key features and benefits:

• Low brokerage charges, starting at a flat rate of Rs. 20 per order.

• A wide range of financial products, including stocks, futures and options, commodities, and mutual funds.

• An advanced trading platform with real-time market data, charting tools, and technical analysis.

• Comprehensive research and analysis tools, including market reports, stock recommendations, and technical analysis reports.

• 24/7 customer support.

Q: What is 5paisa's Refer & Earn Program?

A: The 5paisa Refer & Earn program allows you to refer your friends and family to open an account with 5paisa and earn rewards for successful referrals.

Q: What rewards do I receive when my friend opens a 5paisa account through my referral link?

A: When your friend successfully opens a 5paisa account using your referral link, you receive a ₹300 Referral credit. This credit is deposited into your Ledger Account, and you can withdraw this amount from there.

Q: Are there any conditions for the referrer to be eligible for benefits?

A: Yes, to be eligible for benefits, the referee's account must be opened within 10 days from the referral date. Additionally, a TDS amount of 5% or 10% will be deducted from the referral credit as applicable.

Q: How can I start earning through the Refer & Earn Scheme?

A: Earning through the Refer & Earn Scheme is simple and can be done in four easy steps:

• Share your unique referral link with your friends.

• Your friend opens an account successfully using your referral link.

• You receive a ₹300/- FREE Credit in your ledger account.

• You also earn unlimited brokerage sharing income whenever your referred friend trades.

Q: Where can I find my unique referral link or code?

A: You can access your referral link or code through the 5paisa mobile application. Follow these steps:

• Log in to your 5paisa mobile application.

• Click on the user icon located in the bottom right corner of the navigation pane.

• Select the "Refer & Earn" section to open your refer and earn page.

• Your referral code can be found in the bottom left corner. You can easily share your referral link with WhatsApp contacts, and share it on Telegram, Facebook, and other popular applications right from the referral page.

• Alternatively, you can also find your unique referral link by logging in to the Referral Dashboard at https://refer.5paisa.com using your 5paisa credentials.

Q: What is the reward for referring a friend to open a Demat account with 5paisa?

A: You'll receive an account opening payout for each successful referral.

Q: Is there a limit to the number of referrals I can make?

A: There is no upper limit to the number of referrals you can make. You can refer as many people as you like. However, upon completing 50 referrals, you will be automatically upgraded to the Pro Partner Program, and your rewards will be based on the Pro Partner Plan you select after upgrading. Please note that no rewards will be awarded for referring pre-existing 5paisa users if their details are already in the 5paisa database.

Q: Are there any age criteria for referring someone?

A: No, there is no specific age criteria for referring someone. Anyone with a 5paisa Demat account is eligible to participate in the Refer & Earn program. The Refer and Earn offer is applicable for your first 50 referrals only, counting from the account opening date with 5paisa.

Q: What is the Referral date and Activation date?

A: The Referral date is the date when a referee begins their account opening process for the first time, while the Activation date is the date when a referee successfully opens the account with 5paisa.

Q: Are there any restrictions or rules for earning referral rewards?

A: While there are no specific restrictions, you must ensure that your referrals are genuine and not pre-existing 5paisa users. Additionally, no two referral offers can be combined, and rewards will only be awarded after the referee's account is successfully activated.

Q: What if my friend opens an account but doesn't use my referral code or link?

A: To ensure you receive referral benefits, make sure your friend opens a Demat account with 5paisa using your unique referral code or link.

Q: Are there any legal or compliance considerations for the Refer & Earn Program?

A: 5paisa reserves the right to carry out checks and controls to ensure compliance with the terms and conditions. Engaging in activities like spam, fraud, or any activities that may damage 5paisa's interests will result in disqualification from the program.

Q: Can I refer people from outside India for the Refer & Earn Program?

A: The Refer & Earn Program is typically designed for Indian users. You should check 5paisa's terms and conditions to confirm whether referrals from outside India are eligible for rewards.

Q: Is the Refer & Earn Program available for all types of 5paisa accounts?

A: The Refer & Earn Program is applicable only for regular accounts. It is not available for PlusOne and Youngvestor accounts.

Q: How do I track my referral rewards and earnings?

A: You can track your referral rewards and earnings by accessing your ledger account on the 5paisa platform. The rewards will be deposited into your ledger account.

Q: Can I participate in multiple referral offers simultaneously?

A: No, you can only qualify under one offer in a given active month. No two referral offers can be combined.

Q: What if the details of the referred client already exist in the 5paisa database?

A: If the details of the referred client already exist in the 5paisa database as an existing client or as a lead client, they will not be considered for referral reward benefits, and 5paisa reserves the right to exclude such accounts from the calculation of referral rewards.

Q: Can I influence my referred friend to trade more often to earn more referral rewards?

A: You can earn unlimited brokerage sharing income whenever your friend trades, but you should ensure that your friend's trading activities are genuine and comply with SEBI and exchange regulations.

Q: What happens if my referred friend's account opening process is rejected?

A: All verification and account opening processes are carried out by the 5paisa team, and they reserve the right to reject any case depending on compliance requirements and the company's existing policies and procedures.

Q: Can the terms and conditions of the Refer & Earn Program be modified or terminated by 5paisa?

A: The management of 5paisa reserves all rights to modify or terminate the arrangement of the scheme at any time without prior notice. The decision of 5paisa on all matters relating to, or in connection with, the use of this offer shall be final and binding on all parties concerned.

Q: How is 5paisa regulated?

A: 5paisa is regulated by the Securities and Exchange Board of India (SEBI) and is a member of the National Stock Exchange of India (NSE), the Bombay Stock Exchange (BSE), and the Multi Commodity Exchange of India (MCX).

Q: What are the brokerage charges for trading with 5paisa?

A: 5paisa charges a flat rate of Rs. 20 per order, regardless of the order size or value. This is significantly lower than the brokerage charges charged by traditional brokers.

Q: What financial products can I trade with 5paisa?

A: 5paisa offers trading in a wide range of financial products, including stocks, futures and options, commodities, and mutual funds, providing flexibility for traders to invest in the assets of their choice.

Q: Can you tell me more about 5paisa's trading platform?

A: 5paisa offers a state-of-the-art trading platform with real-time market data, charting tools, and technical analysis capabilities. The platform is user-friendly and packed with features to assist traders in making informed decisions.

Q: What research and analysis tools are available with 5paisa?

A: 5paisa provides various research and analysis tools, including market reports, stock recommendations, and technical analysis reports to help traders make informed trading decisions.

Q: Does 5paisa offer educational resources for traders?

A: Yes, 5paisa offers a variety of educational resources to help its customers learn about the stock market and trading.

Q: Are there any additional features or specifications offered by 5paisa?

A: 5paisa offers additional features, including 100% collateral benefit, intraday rates, overnight rates, API integration, and add-on packs, such as the Power Investor Pack and the Ultra Trader Pack.

Q: Is 5paisa suitable for both beginners and experienced traders?

A: Yes, 5paisa is a full-fledged stockbroker that caters to the needs of both beginners and experienced traders, offering a wide range of features and competitive pricing.

Q: How can I contact 5paisa's customer support?

A: 5paisa offers 24/7 customer support, and you can contact them through their website or customer service helpline for any assistance or query you may have.

Q: What is the pricing structure for intraday and overnight rates with 5paisa?

A: 5paisa offers intraday rates of 0.00% on all segments and overnight rates of 0.04% per day for the F&O segment and 0.06% per day for the delivery cash segment (MTF).

Q: What are the account opening charges with 5paisa?

A: The account opening charges with 5paisa vary depending on the type of account you are opening. You can check the specific charges on their official website or by contacting their customer support.

Q: Can I trade in international markets with 5paisa?

A: No, 5paisa primarily facilitates trading in Indian markets and does not provide access to international markets.

Q: What are the trading hours for 5paisa?

A: 5paisa follows the trading hours of the Indian stock exchanges. Equity markets are typically open from 9:15 AM to 3:30 PM, and commodity markets have their specific trading hours.

Q: Does 5paisa offer a mobile app for trading on the go?

A: Yes, 5paisa offers a mobile trading app that allows you to trade and monitor your investments on your smartphone. It is available for both Android and iOS devices.

Q: Can I trade in mutual funds through 5paisa?

A: Yes, 5paisa provides the option to invest in mutual funds through its platform. You can explore and invest in a variety of mutual funds based on your investment preferences.

Q: Are there any hidden charges or maintenance fees with 5paisa?

A: 5paisa is known for its transparent pricing structure, and they do not have hidden charges. However, it's essential to review their fee schedule and terms and conditions for any maintenance or other fees.

Q: Does 5paisa offer a demo account for practice trading?

A: 5paisa may offer a demo account for practice trading, but it's advisable to check their website or contact their customer support for the most up-to-date information on demo accounts.

Q: What is the process for opening an account with 5paisa?

A: To open an account with 5paisa, you need to visit their website, complete the online application, submit the required documents, and complete the KYC process. Once your account is verified, you can start trading.

Q: Does 5paisa offer margin trading facilities?

A: Yes, 5paisa offers margin trading facilities, which allows you to leverage your investments for potentially higher returns. However, margin trading also comes with increased risk, so it's essential to understand it thoroughly before using it.

Q: How secure is 5paisa's online trading platform?

A: 5paisa takes security seriously and implements various security measures to protect your data and investments. This includes encryption, two-factor authentication, and regular security audits to ensure the safety of their platform.

Q: Can I transfer my existing trading account to 5paisa from another broker?

A: Yes, it is possible to transfer your existing trading account to 5paisa. They can guide you through the process of transferring your holdings and account from your current broker.

Q: Is there a minimum trading volume or balance requirement with 5paisa?

A: 5paisa does not typically impose a minimum trading volume requirement, but there might be specific conditions or promotional offers that require a minimum balance or volume for certain benefits. It's recommended to check their terms and conditions for details.

Q: How can I close my 5paisa trading account if I wish to do so?

A: You can request the closure of your 5paisa trading account by contacting their customer support and following their account closure procedure, which may involve submitting specific documents and completing formalities.