The Company Markets its brokering service in a way that people will attract like a magnet but reality is something really different.
I have done trading from 5paisa for more than 3 months and got to know various things which you will get to know by reading below.
They charge a lot more charges then they show in front of you, there are various hidden charges which are not mentioned in any front but if you read the terms and conditions thoroughly you will definitely not open an account here. I am still unaware that for what reason I got charged almost Rs.2100 in this 3 months.
Customer care service support is very very pathetic as because whenever I mail them I did not get any reply unless I sent 3 to 4 mails subsequently and they do not pickup the call easily, I tried 4 times then I got lucky.
Whenever the Market is Volatile their system fails to execute orders and I have made losses also due to this issue, their application gets slow down whenever the market is in mood.
They will just mail you for their Premium Services plans until you get frustrated.
I have filled up the form for the closure of the account since I am done with 5paisa but unable to go out so that I can courier it.
I suggest everyone to do not open account here anytime in your life.
Thank You