Broker

5paisa

5paisa Capital Limited

5paisa is an Indian discount stockbroker offering flat ₹20-per-order trading across equity, F&O, commodities, currency, and mutual funds via web, mobile, and desktop platforms.

5paisa is a Mumbai-based discount broker that began operations in 2016 as a subsidiary of IIFL, founded by Nirmal Jain with Prakarsh Gagdani as CEO. Following a 2017 demerger from IIFL, it listed independently on the BSE and NSE. It charges a flat ₹20 brokerage per order across segments and holds SEBI registration as a stockbroker (INZ000010231) and depository participant.