Mumbai, January, 2019: India’s leading discount broker 5paisa.com has launched ‘Brokerage Hatao, Paise Bachao’ initiative to save stock market investors from paying higher brokerage. 5paisa.com does not charge any percentage brokerage and takes a flat fee of only Rs 10 per trade, irrespective of the transaction size.
“5Paisa.com launches brokerage hatao, paise bachao investor initiative”
5paisa.com is also the most used stock market application with over 20 lakh users. Investors can open paperless account with 5paisa.com in just five minutes.
“We think more investors will be able trade in equity market if high brokerage is not charged. Earlier higher brokerage was charged because many of the work had to be done manually, but with technological advancement and mobile revolution high brokerage is a loot,” said Prakarsh Gagadani, CEO, 5paisa.com.
5paisa.com aims to reach investors in Tier 2 and Tier 3 towns and create awareness to save on brokerage to maximise their wealth creation.5paisa.com also has aseries of free investment training tutorials, to educate its customers towards making informed investments. Additionally, its unparalleled Robo-Advisory services enables customised advisory on a real-time basis without any human intervention.
5paisa.com is the pioneer of Mobile First platform in India and offers a completely digital platform with the most advanced investing technology. 5paisa caters to the growing do-it-yourself (DIY) customer segment and offers a one-stop platform to enhance investor convenience. Its quality integrated platform allows investors to manage investments across equity, mutual funds, insurance and currencies.