5Paisa trader terminal of India Infoline News Update

20 November 2009 (chittorgarh) : 5paisa is Online Stock Trading Company of India Infoline Securities Private Ltd., Owner of popular business portal Indiainfoline.com. Besides high quality investment advice from an experienced research team, the site offers real time stock quotes, market news and multiple tools for technical analysis.

Trade In: BSE and NSE
Trading Terminals:

5Paisa offers 2 different online trading terminals to its customers:

Investor Terminal (IT)
Investor Terminal is 5Paisa’s equity trading terminal for low volume trader. This is web based terminal and could access from anywhere. This product provides limited features in comparison of Trader Terminal, which is another product provided by 5Paisa.

Trader Terminal (TT)
Trader Terminal is design for high volume equity traders or day traders. Trader Terminal provides high volume trading with powerful interface and fast order execution.

Few popular features of trader terminal are:
* Fast trade execution with instant trade confirmation.
* Live streaming quotes and price watch on any number of stocks.
* Intra day charts, updated live, tick-by-tick.
* Live margin, position, marked to market profit & loss report.
* Set any number of price alerts on any number of scrips.
* Flexibility to customize screen layout and setting.
* Facility to customize any number of portfolios & watch lists.
* Facility to cancel all pending orders at one click.
* Facility to square off all transactions at one click.
* Top Gainers, Top Losers, Most Active, updated live.
* Index information; index chart, index stock information live.
* Market depth, i.e. Best 5 bids and offers, updated live for all stocks.
* Online access to both accounts and DP to check live updated Order and Trade Book.
* Facility to place after market orders.
* Online fund transfer facility from leading Banks including ICICI, HDFC, CITI and UTI banks.
* Online intra-day technical calls.
* Historical charts and technical analysis tools.
* India Infoline’s world – acclaimed news service and research.
* and many more.

Brokerage and Account opening fees:

1. Account opening fees: Rs 500/- one time non refundable.
2. 5 paisa offer competitive rates. They charge only 5 paisa for Rs 100 of trade done, which is 0.05%. brokerage. In case of trade that result in delivery, they charge an additional 0.20% for back office and securities handling.

How to open account with 5Paisa

There are few steps to open an account with 5paisa.

1. First log on to their site and fill the registration form. Once you fill the form they will give you 2 options. Either you can receive the form by mail or one of their agent visit you personally. Personal visit is not available in all cities.
2. After registration, you will be required to deposit a certain amount of initial margin deposit with them. The deposit can be of any amount, but it should not be less than Rupees Five Thousand.
3. When your account is activated, you will receive a welcome kit, which contains details about your account, your username and password, and the user’s manual. The kit will also include a CD ROM which will allow you to install trading software.
4. It will take approximately 15 days to complete the formalities if all the correct documents are sent and the forms are correctly filled.
5. Documents required are 2 latest passport size photos, proof of identity and address i.e. say electricity/ telephone bill, passport photocopies and PAN number.

Advantages of 5paisa

1. Very fast execution speed.
2. Rates are very competitive then other providers.
3. Easy online fund transfer facility from leading Banks including ICICI, HDFC, CITI and UTI banks.
4. Free facility of subscribing to mutual funds, equity IPOs and other investment products.

Disadvantages of 5paisa

1. No intra-day tick by tick charts in Investor Terminal (IT).
2. Investing in IPO and Mutual Funds is not so easy like in ICICIDirect.
3. Learning 5paisa Trading Terminal is little hard.

IPO / Mutual Funds investment through 5Paisa (IndiaInfoLine)

1. 5Paisa provides free facility of subscribing to mutual funds, equity IPOs and other investment products using internet banking account of ICICI, HDFC, CITI and UTI banks.
2. Registered users with 5Paisa can logon to following website to apply in an IPO:

http://www.indiainfoline.com/ipo

3. While applying for IPO shares online through 5Paisa, Investor are taken to there corresponding banks homepage. Investors can use there net banking user id & password & transfer funds directly using any of these banks.
4. 5Paisa members can use the similar steps to invest in Mutual Funds online.

News Source (chittorgarh) : http://www.chittorgarh.com/newportal/online-stock-brokers-detail.asp?a=4