What 5Paisa does

5paisa Capital Ltd., incorporated in 2007 and headquartered in Thane (Mumbai metropolitan area), is India's first listed discount broker, operating as a pure-digital, self-serve brokerage platform serving retail investors and active traders across the country. The platform unifies equity, derivatives (futures and options), commodities, mutual funds, IPOs, and US stocks behind a flat ₹20 per order brokerage model with zero account opening charges and zero transaction cost on mutual funds. Distribution is entirely digital via the 5paisa Trading App, Trader's Terminal (web), 5paisa EXE (desktop), and the Xstream APIs developer platform, supplemented by an Authorised Persons / Partner network for tier-2/3 town reach.

The technology stack centres on a cloud-based trading infrastructure exposed through specialised proprietary terminals: FnO 360 for derivatives (real-time open interest analysis, 16+ live Greeks), Scalper Terminal for high-frequency execution (₹10 brokerage), AlgoSpace for no-code algorithmic trading launched at the BSE Algo Convention 2026, and the 5paisa MCP natural-language AI trading companion. Integrations with TradingView, Streak.tech, Quicko, and an embeddable Publisher JS widget extend the surface area, while ISO 27001:2022 certification, multiple SEBI registrations (Stock Broker INZ000010231, Research Analyst INH000025188, Depository IN-DP-192-2016), and exchange memberships on NSE, BSE, and MCX anchor regulatory credibility.

Revenue is generated primarily through per-order brokerage across 51.8 lakh customers (Q4FY26), with supplementary streams from Margin Trading Facility (up to ₹25 Cr funding, interest income), mutual fund distribution commissions, and premium platform tools. FY26 revenue of ₹319.56 crore was down 11.13% YoY, though Q4 FY26 showed a 19.85% YoY recovery (₹85.42 crore) alongside 78% YoY growth in average daily turnover to ₹3.4 trillion. Capital structure is anchored by promoter holding of 36.5% and FII stake of 15.1%, with a ₹468.8 crore oversubscribed rights issue completed in April 2026 reinforcing balance sheet capacity for product and ecosystem expansion.

Name

5Paisa

Legal name

5paisa Capital Ltd.

Website

https://5paisa.com

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

501–1,000 employees

Short description

5paisa Capital Ltd. is India's first listed discount broker, offering a pure-digital, self-serve trading platform for retail investors and active traders across equity, derivatives, commodities, mutual funds, IPOs, and US stocks at a flat ₹20 per order.

Ownership category

akta.pro rank

Product category

Discount Stock Brokerage / Online Trading Platform

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Multi-Asset / Cross-Asset Brokerage (FSAEACAM)

Keywords

• Discount stock brokerage
• Online trading platform
• Retail investment services
• Derivatives trading
• Algorithmic trading software

Headquarters

HQ city

Thane

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Brokerage Fees: Flat ₹20 per order brokerage across all segments (equity delivery, intraday, futures, options, commodities). This is the primary revenue stream, charged per transaction rather than as a percentage of trade value.
2. Margin Trading Facility (MTF): Provides leverage funding up to ₹25 Cr for traders to seize market opportunities, generating interest income on the extended margin.
3. Premium Platform Tools: Revenue from premium trading tools and terminals like FnO 360, Scalper Terminal, and AlgoSpace, though AlgoSpace itself charges no separate fee.
4. Mutual Fund Distribution: Earn commissions from distributing mutual funds with 0 transaction cost to customers; 5paisa receives revenue from fund houses.
5. Average Daily Turnover: Strong operational metrics with 78% YoY growth in average daily turnover to ₹3.4 trillion in Q4FY26 drive volume-based revenue generation.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels9 records

Core offering

5Paisa operates as India's first listed discount broker, providing a digital brokerage platform for retail investors and traders to invest and trade in stocks, equity derivatives (futures and options), commodities, mutual funds, IPOs, ETFs, and US stocks. Core services are delivered through mobile, web, and desktop platforms under a flat ₹20 per order brokerage model with zero account opening charges, complemented by proprietary tools such as FnO 360, AlgoSpace no-code algo trading, Scalper Terminal, 5paisa MCP AI assistant, and Margin Trading Facility (MTF) funding up to ₹25 crore.

Product overview

5Paisa operates as a comprehensive digital brokerage platform offering a unified ecosystem of trading and investment products. The platform architecture consists of core trading platforms (5paisa Trading App, Trader's Terminal, 5paisa EXE) complemented by specialized tools (FnO 360 for derivatives, Scalper Terminal for scalping, AlgoSpace for no-code algorithmic trading). Advanced capabilities include 5paisa MCP AI assistant for natural language trading interactions and TradingView integration for chart-based trading. The investment side covers stocks, mutual funds, IPOs, ETFs, and US stocks, while trading products span futures, options, and commodities. All services operate under a flat ₹20 per order brokerage model with zero transaction costs on mutual funds.

Differentiator

Problem solved

Functional benefit

Brands

• AlgoSpace: No-code algorithmic trading platform enabling retail traders to browse, select, and deploy curated trading strategies without coding skills
• FnO 360
• 5 paisa Trading App
• Trader's Terminal
• 5paisa EXE
• Xstream APIs
• Scalper Terminal
• 5paisa MCP
• FinSchool
• TradeBetter

Products and services

• 5paisa Trading App Primary mobile application providing retail investors and traders with a unified platform for trading stocks, derivatives, commodities, mutual funds, IPOs, ETFs, and US stocks. Designed as the go-to app for savvy traders and investors with full trading functionality, account management, and market data.
• AlgoSpace No-code algorithmic trading platform enabling retail traders to browse, select, and deploy curated trading strategies without requiring coding skills or technical infrastructure. Offers zero platform fees with monetization through standard brokerage.
• Trader's Terminal Web-based desktop trading platform providing a seamless big-screen trading experience with advanced charting and order execution capabilities for active retail traders.
• 5paisa EXE Advanced desktop trading application designed for fast and efficient execution, targeting active retail traders who prefer desktop installations for high-volume trading workflows.
• FnO 360 Specialized trading terminal for derivatives (F&O) traders featuring real-time open interest analysis, powerful screeners, advanced orderbook/positionbook, deeper market data, strategy charts, and live option Greeks (16+) for options trading.
• Xstream APIs Free API platform enabling developers and traders to build custom trading applications, automate trading strategies, and integrate 5paisa's trading infrastructure programmatically into their own applications.
• Scalper Terminal Lightning-fast scalping interface with instant keyboard execution designed for high-frequency scalpers, offering a special ₹10 per order brokerage rate.
• Margin Trading Facility (MTF) Margin trading facility enabling traders to seize market opportunities with leverage up to 4X and funding up to ₹25 crore, with pay-later functionality. Generates interest income for 5paisa on the extended margin.
• 5paisa MCP (AI Trading Assistant) AI-powered trading companion built on Model Context Protocol (MCP) that enables users to interact with the trading platform through natural language conversations for market research and trading decisions.
• Stocks / Equity Trading Equity trading service on Indian exchanges (NSE/BSE) offering access to stocks with margin trading facility, advanced charts, and advisory features, under a flat ₹20 per order brokerage model.
• Futures & Options (F&O) Trading Futures and options (derivatives) contracts trading across segments including far expiry contracts, supported by the FnO 360 terminal with real-time Greeks, open interest, and strategy analytics.
• Mutual Funds Mutual fund investment distribution offering access to top-performing funds across categories (large cap, mid cap, small cap, ELSS, equity, debt) at zero transaction cost to customers; 5paisa earns commissions from fund houses.
• IPOs IPO application service enabling retail investors to apply for upcoming, current, and recently listed IPOs within a few clicks, with early access capabilities and allotment status tracking.
• US Stocks Investment in US stocks and ETFs enabling Indian retail investors to diversify portfolios into global equities with seamless integration through the 5paisa platform.
• Commodities Commodity trading service enabling portfolio diversification beyond traditional securities, executed via MCX member access under the same flat ₹20 per order brokerage model.

Quantifiable outcome

• 78% YoY growth in average daily turnover to ₹3.4 trillion in Q4FY26
• +2 more outcomes

Named customers5 records

Segments1 record

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability3 records

Feature7 records

Partnerships

One partnership is on record.

• Publisher Js PartnersminorChannel Partner/ Reseller/ DistributorPublisher Js allows partners to seamlessly add the 5paisa trade button to their websites with minimal coding, absolutely free, enabling affiliate distribution of trading services.

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Zerodha: India's largest discount broker offering flat-fee stock, F&O, commodity, and mutual fund trading through Kite; competes head-to-head with 5paisa on the same zero-commission delivery, ₹20-per-order model and self-serve digital distribution.
• Groww: Leading Indian discount broker with strong mutual fund and stock trading app; recently listed and aggressively scaling users with a similar retail-focused, mobile-first offering overlapping 5paisa's core value proposition.
• Angel One: Listed Indian retail broker offering stocks, F&O, commodities, and mutual funds with flat-fee pricing and digital platforms; serves the same retail trader segment as 5paisa with a larger customer base and broader product suite.
• Upstox: Tiger Global and Ratan Tata-backed discount broker offering stocks, derivatives, mutual funds, and IPOs through a mobile-first platform; directly competes with 5paisa on low-cost, technology-led retail trading.

Broad incumbents

• ICICI Direct: ICICI Bank's retail brokerage arm offering stocks, F&O, mutual funds, and IPOs with a much larger customer base and bank-led distribution; competes across all of 5paisa's segments but at higher price points.
• IIFL Securities: Broader brokerage within the IIFL group (5paisa's registered office is at IIFL House); offers full-service broking, research, and wealth services that overlap with 5paisa's discount offering but include advisory and institutional capabilities.
• HDFC Securities: HDFC Bank's brokerage subsidiary offering stocks, derivatives, IPOs, and mutual funds with strong bank-channel distribution; competes with 5paisa in retail trading but relies on HDFC's branch and wealth network for customer acquisition.
• Kotak Securities: Kotak Mahindra Bank's brokerage arm providing equities, derivatives, and distribution services; competes with 5paisa across retail and HNI segments with the advantage of Kotak's banking customer base.
• Sharekhan: BNP Paribas-owned full-service broker with a digital platform (TradeTiger) plus branch network; competes with 5paisa in retail trading while offering research and advisory services beyond 5paisa's self-serve model.

Emerging players

• Dhan: Newer Indian discount broker focused on active traders with advanced charting, super-fast order execution, and segment-specialised tools; partially overlaps 5paisa's Scalper Terminal and FnO 360 use cases among high-frequency retail traders.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/5paisa
• Facebookfacebook.com/5paisa
• LinkedInlinkedin.com/company/5paisa

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 5Paisa