Is 5paisa Safe

As a newbie, starting trading through 5paisa or any other broker gives you an unclarity and doubtfulness. Unless and until a profit is not accomplished, you still ambivalent about the question that Is 5paisa safe or not? 

Such questions are essential to clear as they can drive misjudgments while intending to enter the world of the stock market and make earnings.

But, we are here to resolve all your battles, queries, and doubts related to is 5paisa trustworthy or not.

Is 5paisa Demat Account Safe?

Before choosing a stockbroker, have you ever wondered about the reliability of the stockbroker? In simple terms, is demat account safe with the broker you have chosen?

Here we will be talking about the security and reliablity of 5paisa demat account in detail.

1. The information related to the Demat account holder is completely kept hidden from third parties and strict actions are taken against people who tend to forfend these rules. 
2. Being a Depository Participant all the shares are kept in the dematerialized form under CDSL or Central Depository Securities Limited; thus no doubt of Is 5paisa safe or not!
3. All the demat related activities are monitored and supervised by India’s Top Board, namely the Securities and Exchange Board of India. 
4. Is 5paisa safe partially lies on the exchanges listed to a broker? The stocks bought or sold through 5paisa demat account holders are listed in top exchanges of India such as NSE, BSE, and MCX.
5. How to buy IPO is 5Paisa is another question and in fact, whether you can apply for one in the first place is another. The answer to both of these questions is, yes!
6. Firm dedicated follows rigorous compliance and audit practices to keep the demat accounts safe and well-guarded! 

5paisa Memberships across SEBI, exchanges, and depository are detailed as below-

▶️ SEBI Registration no.: INZ000010231

▶️ CDSL: 12082500

▶️ NSE Member id: 14300

▶️ BSE Member id: 6363

▶️ MCX Member ID: 55945

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Is 5paisa App Safe

Just after two years of its launching by Nirmal Jain, the mobile application of 5paisa crossed 1 million downloads, and just after a while, the firm won an award for the ‘Best Mobile Trading App‘. 

In 2019, the firm got an appreciation for its app through winning an award for the ‘Best use of Mobile Technology in Financial Services’.

One of the reasons why it’s undoubtful that Is 5paisa safe or not is because, within a short duration, this broking house’s app had become much more popular among traders, investors, and advisors in the market.

Let’s have a quick sneak peek at the 5paisa app rating on two major applications-

 

Apart from having more than 5 million installs in Google Play and App Store with an overall 4-star rating, the 5paisa app offers some other features.

The below features can help you in understanding is 5paisa app safe or not-

🎇 To take extra security measures, log in on the app is not allowed without 5paisa login credentials including username and password. 

🎇 Any issue, trouble, or any doubt can be quickly asked to the online support. Hence, giving you a feel of security during the bulk orders or high market volatility.

🎇 Through the app, you can securely buy or sell stocks across various segments such as a commodity, equity, currency, derivatives, and even IPO.

🎇 While executing the order, a confirmation as a password is required by the demat account holder. Hence, considering this as another security measure. 

🎇 The entire back office, transactions, and other details related to debit and credit are emailed directly in your registered email id with a protected code.

🎇 No doubt the app offers many benefits and a seamless way to trade across segments, but sometimes 5paisa app not working becomes a major issue and obstacles for traders. 

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5paisa Rating

In January 2018, the firm received an award for “Best Digital Startup of the year” and after a few months the firm Won ‘Emerging Brand Excellence in BFSI Sector’. 

Taking all the things into consideration, our experts have come up with a 5paisa rating on various levels such as 5paisa trading platform, pricing, trading education, customer care service, and exposure. 

The table shown below gives a clear picture of the rating marked by industry experts and helping us to identify is 5paisa safe or not:

 

From the above table, we can see that the performance of 5paisa in the financial market is pretty fair and due to this, the firm scores a rating of 7 out of 10 by our experts.

Further, a much higher rating is offered for 5paisa charges including brokerage charges, transaction charges, DP charges, etc. On the other hand, customer care service is pretty low as the availability of nearest branches is very less. 

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How Safe is 5paisa?

Well, while choosing a broker one of the major concern that comes to our mind is how safe is 5paisa, and getting answers to the same requires comprehensive analysis. 

So when it comes to reliability it becomes important to review various aspects and compare them with other renowned stockbrokers.

For that, you can do an analysis of 5paisa vs Zerodha to pick the one that not only commits to giving better services but sustainability as well.

To save your time and effort, we have listed some of the points to consider while planning to trade in 5paisa:

1. It’s one of the top 5 online discount brokers in India and the second largest in terms of its customers.  
2. It is the only public discount broker in India. 
3. The broking house is run by Nirmal Jain (Founder of IIFL Securities) and other efficient management who have decades of experience in financial securities. 
4. Instant and paperless demat account opening with the broker. While opening, instead of emailing or physically sending your bank statements, pan card, adhar card, etc. you can yourself open an account simply by entering your mobile number. 
5. Unlike other stockbrokers, 5paisa does not perform proprietary trading. Hence, no funds will be transacted or traded from your trading account. 
6. 90% of the customers are trading without 5paisa POA (Power of Attorney). 
7. Further company is less risky and is building faith among its investors and traders as to date no pledge of shares as collateral has been done by its shareholders.
8. The complaint percentage is comparatively low and is recorded around 0.07% of its client base in the financial year 2020-21. 

All the above points depict safety towards 5paisa. So, now do you wish to open an account then know the process of 5paisa registration? Want to make it easy the reach us now! Furthermore, if you are already a 5Paisa demat account holder and like its services, then feel free to use the 5Paisa refer and earn program to earn decent money.

Just refer to the form below and within a few minutes, we will open a free demat account for you! 

 

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