Hantec Markets EUR/USD$1.00/lotSBI FX Trade EUR/USD$3.00/lotTrive EUR/USD$3.00/lotGMO Click Securities (GMO Click FX Neo) EUR/USD$3.00/lotDMM.com Securities (DMM FX) EUR/USD$3.00/lotRakuten Securities (Rakuten FX) EUR/USD$3.00/lotFXOpen EUR/USD$3.00/lotAxi EUR/USD$3.50/lotGO Markets EUR/USD$5.00/lotWindsor Brokers EUR/USD$5.00/lotFP Markets EUR/USD$6.00/lotZero Markets EUR/USD$6.00/lotSpreadex EUR/USD$6.00/lotVantage EUR/USD$6.00/lotHantec Markets EUR/USD$1.00/lotSBI FX Trade EUR/USD$3.00/lotTrive EUR/USD$3.00/lotGMO Click Securities (GMO Click FX Neo) EUR/USD$3.00/lotDMM.com Securities (DMM FX) EUR/USD$3.00/lotRakuten Securities (Rakuten FX) EUR/USD$3.00/lotFXOpen EUR/USD$3.00/lotAxi EUR/USD$3.50/lotGO Markets EUR/USD$5.00/lotWindsor Brokers EUR/USD$5.00/lotFP Markets EUR/USD$6.00/lotZero Markets EUR/USD$6.00/lotSpreadex EUR/USD$6.00/lotVantage EUR/USD$6.00/lot
Home / Rankings / 5paisa
TIER 1 · SEBI · NSE · BSE · MCX#5 of 10 local brokers (IN)

5paisa review: the verdict.

Verdict score
6.5 / 10

Launch formula: 60% hard data, 40% outside ratings. Verified reviews from our traders replace outside ratings as they come in.

Regulation10.0
Best licence: Tier 1
Trading cost5.0
No published spread
Accessibility10.0
Min deposit $0
Platforms & payments1.3
1 platforms · 0 payment methods
Outside ratings4.8
Trustpilot 2.1 from 9
5paisa doesn't publish a EUR/USD spread we could verify, so we can't calculate its yearly cost yet.
Regulation

Who licenses 5paisa.

Licences as 5paisa lists them. A tick means we found the entity on the regulator's own register.

RegulatorTierEntityLicence no.On register
SEBITIER 15paisa Capital Ltd.INZ000010231Not yet checked
NSETIER 15paisa Capital Ltd.14300Not yet checked
BSETIER 15paisa Capital Ltd.6363Not yet checked
MCXTIER 15paisa Capital Ltd.55945Not yet checked
Accounts

Published brokerage.

AccountSpreadCommissionCost / lot
Currency F&O
Futures: 2.5% of trade value or ₹20 per executed order whichever lower; Options: ₹20 per executed order
———
Commodity (MCX)
₹20 per order
———
Equity F&O
Futures: 2.5% or ₹20 whichever lower per executed order; Options: ₹20 per executed order
———

Cost per standard lot = spread in pips × $10 + round-turn commission. Brokers publish “typical”, “average” or “from” spreads; “from” figures flatter the broker.

Key facts

The fine print.

Website
www.5paisa.com
Segments
Currency F&O, Commodity (MCX), Equity F&O
Founded
Not published
Headquarters
India
Minimum deposit
$0
Max leverage
Not published
EU/UK leverage cap
—
Platforms
own app
Deposits & withdrawals
Not published
Islamic (swap-free) account
Not published
Copy trading
Not published
Withdrawal fees
ACCOUNT OPENING FEE: ₹0.
Inactivity fee
Not published
Restricted countries
Not published
RBI Alert List (India)
Not applicable (SEBI-registered Indian broker)
Verified reviews

Traded with 5paisa? Prove it.

Verified reviews open soon. Reviews backed by a statement, a read-only MT4/MT5 login or a withdrawal receipt count up to 3× more, and every verified review enters the weekly 100 USDT draw.

Outside rating used for now: Trustpilot 2.1 from 9 reviews.

Compare 5paisa
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Sources · data as of 2026-10-24

Research notes: max_leverage null: exchange-traded derivatives; SEBI/exchange SPAN+exposure margins apply, no broker-set leverage. Not CFDs; currency F&O limited to INR pairs + exchange cross pairs. CONFLICT: main brokerage page headline says '₹0* For All Trades' (likely plan/promo-linked) while 5paisa help articles state ₹20/order; ₹20 figures recorded - verify before publishing. AMC not stated on page. CDSL IN-DP-192-2016. Payment methods unconfirmed.

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