5Paisa was established back in 2016, and the platform is undoubtedly a very popular trading platform in India. Signing up with 5Paisa, you can enjoy many benefits, but before we get to that, I would like to make you aware of the 5Paisa Referral Code. The 5Paisa referral offer will help you enjoy a cash credit of Rs 250 when you sign up with 5Paisa using our offer link.
Reading this post till the end, you will know how to claim this amazing deal, and of course, you will get a very comprehensive picture of this discount broker. Most importantly, I have explained all the pros of this trading platform; as you go through them, you will have excellent clarity on the topic.
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5Paisa Referral Code Details
The 5Paisa Referral Code has attracted many people to sign up with 5Paisa using our 5paisa referral offer link. You can do the same and start trading or investing on this brilliant trading platform. When you sign up using our link, you will receive a cash credit of Rs 250, and a 5Paisa account comes with the following benefits:
- 0% Brokerage, Flat 20% per order
- Direct Code Mutual fund
- Actional ideas
- Omni-Channel Support
- Portfolio Analytics
- 5Paisa School, Community, and Market stories
How To Claim The 5Paisa Referral Coupon?
If you are wondering as to how you can claim the 5Paisa referral coupon, it is as simple as clicking on our offer link and signing up. Of course, you may need some guidance on the sign-up process, and I am here to help you with that.
I will guide you on the way you can open an account with 5Paisa online. First things first, you need to have the following things ready before you can go ahead with the registration:
- PAN Card
- Address Proof ( Ration Card/ Telephone Bill/ Electricity Bill/ Property Tax Receipts)
- Identity Proof (Passport/ Bank Passbook/ Voter’s ID/ Aadhar)
- Bank account number and IFSC code
- Your photo
Step 1: Click on our referral link and Sign up
Once you have the above things ready with you, you can click on our 5Paisa Referral code link, and this will get you to the signup page. On the signup page, the code will be automatically applied, and all you have to do is enter your mobile number, which is linked to your Aadhaar card, and hit the PROCEED button. After receiving the OTP on your mobile, you can enter the OTP and hit the PROCEED button once again.
Step 2: Fill in your KYC details.
Once you have hit the PROCEED button, you will be directed to the KYC details page, wherein you would need to fill in your KYC details such as date of birth, PAN no., etc. After you finish filling in your KYC details, you will be asked to enter your bank account number along with its IFSC.
Step 3: Upload important documents
Next, you will be asked to upload scanned copies of your PAN card, address proof, and a few more documents. Once you are done with this, you are almost there with just one more step to complete.
Step 4: eSign form
At this stage, you have to e-sign a form, and for that, you would need your Aadhar card. Once you finish doing this, your account will get activated. Only in some cases may it take around 24 hours to get activated.
Hence, you can see the online process of signing up with 5Paisa isn’t that difficult, and if you follow my steps carefully, you can complete it flawlessly in no time.
Read the full review here: 5Paisa Review.
Reasons To Choose 5Paisa
5Paisa brokerage charges are pretty low
While other trading platforms are charging high brokerage, 5Paisa allows you to trade for very low brokerage, and most importantly, the platform charges flat Rs 20 per executed order. Here are the plan details:
- Optimum Plan: zero plan charges, Rs 20 per executed order on Intraday and Delivery, annual maintenance charges of Rs 45 per traded month
- Platinum: Rs 499 per month, Rs 10 per executed order on Intraday and Delivery, zero annual maintenance charges
- Titanium: Rs 999 per month, Rs 10 per executed order on Intraday and zero charges on delivery, zero annual maintenance charges
5Paisa allows users to enjoy good leverage
Leverage is pretty handy for customers to buy more volume of stocks than what their purchasing power allows. For example, if you have just Rs 10,000 and the price of an equity stock is Rs 150, you can buy only 66 stocks approx.
However, with 4X leverage on Equity intraday, it is 10000 x4 = Rs 40000, and now, you can buy as many as 266 stocks approx. Your profit depends a lot on the traded volume, and hence, you can see how powerful leverage is. 5Paisa offers up to 4X on Equity Intraday and up to 5X on F&O Exposure Intraday.
Before you can use this amazing feature, you have to bear in mind that as per the recent SEBI mandate, you have to maintain an upfront of 20% of the trade volume to use leverage.
5Paisa comes with advanced charting and indicators
The most important reason behind the extensive use of such trading platforms is the fact that more and more traders want to do trading on their own, unlike in the past when you had to call up the executives to select a stock and place an order.
The traditional process of call and trade is just so cumbersome, and further, trading requires you to constantly monitor real-time price and volume changes and place orders accordingly. This is not possible as long as you are largely relying on specialists to trade on your behalf.
On the 5Paisa platform, you will find everything that you would need for technical analysis, and if you are a complete beginner and you are like, “What the heck is technical analysis?” it is determining the price action and other important aspects of stocks before entering a trade. Trades that are based on good technical analysis are never meant to go wrong.
On 5Paisa, you can read the various Candlestick patterns and use various indicators such as MACD, RSI, Pivot Points, etc. Besides, you can use multiple time frames to get more clarity about the stock movement.
5Paisa gives you the advantage of mobile trading
If you are a busy person and can’t always be in front of the PC for trading, you could probably use the 5Paisa mobile apps. The discount broker has excellent mobile applications on Android and iOS.
As far as the interface goes, it is very neat and has all the advanced technical analysis tools for you to trade on the go. Most importantly, you can keep up with the market or stocks from anywhere using the 5Paisa mobile apps.
5Paisa comes with Algo trading
Advanced users can also capitalize on the Algo trading feature of 5Paisa. Using this feature, you can have orders placed automatically based on your predefined parameters such as time, price, and volume.
5Paisa has a dedicated support
If you ever run into any technical difficulty, you will always find the 5paisa support team at your rescue. You can contact the 5Paisa support anytime during the trading hours through phone or email, and the assistance is usually very fast.
Claim The 5Paisa Referral Deal Now
I am sure now you have a decent understanding of how the 5Paisa referral code works and how you can claim it. I have also explained the 5Paisa sign-up process in four simple steps. Besides, I have shared some of the important pros of 5Paisa to give you a clear picture of the trading platform. Now that you have good clarity about the platform and the deal, you are good to go with claiming the deal and hurry up, claim it before the deal comes to an end.