5Paisa Mobile App - Introduction
5Paisa is most likely one of the underdog discount stockbrokers in India. At ₹10 brokerage for each executed order, it offers decent trading platforms to go along with reasonable customer service. One of those trading applications is their mobile app.
The app allows users to trade and to invest in equity, currency to go along with mutual fund investments across BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).
5Paisa Mobile App Features
- As users logs into the application, a basic dashboard is displayed with information on indices, market movements of few stocks, options to move to investment management around mutual funds and insurance.
- To get information on specific stocks, the user just needs to enter the scrip name (few characters) and based on that, information including basic info, charts, company background etc gets displayed.
- Users get the provision to browse across multiple mutual funds and then take a decision to invest in a particular SIP within the app.
- The 'Auto Investor' feature takes in user inputs in terms of demographic information, risk appetite, income etc. and correspondingly suggests few mutual funds specifically based on the user information, thus, helps users build a personalized investment portfolio.
- With a single tap, users can get a quick understanding of the market movers, gainers, losers for the last 1 year or so.
- Users have the provision to add scrips into watchlists as per requirements. Each watchlist can accommodate 50 such scrips and users can add up to 3 watchlists as per preferences.
5Paisa Mobile App Disadvantages
Although the 5Paisa Mobile App is decently designed and is a recommended application, there are still few concerns as mentioned below:
- Loading of Charts may take some time intermittently.
5Paisa Mobile App Advantages
At the same time, here are some of the top benefits of using this mobile application for your trading:
- This mobile app from 5Paisa comes with 256-bit SSL encryption, thus, providing an extra layer of security of user data.
- The app offers a free guest logins for users who are looking to get an idea of the user experience and performance of the application.
- The app allows users direct access to multiple customer care communication channels including chatting and phone calls so that users looking for quick information get their resolutions as soon as possible.
For rest of the information, you can check the complete review of 5Paisa mobile App