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5Paisa has established itself as one of India’s fastest-growing discount brokers, with an active client base exceeding 415,000 as of April 2025. The platform offers a cost-effective way to begin your investment journey, and using the referral code “53435813” allows new users to open a Demat and trading account with zero account opening fees.
5Paisa is a CDSL depository participant that provides a fully digital account opening process completed entirely online in approximately 5 minutes. The platform allows trading across multiple segments, including equity, commodity, currency, futures, and options. Users benefit from flat brokerage fees of ₹20 per order across most segments, making it particularly attractive for active traders.
The annual maintenance charge for the Demat account is ₹25 plus GST per month (₹300 per year), and there are no separate trading account AMC fees.
Follow these steps to open your free Demat and trading account using the referral code “53435813”:
Visit the 5Paisa Website or Download the App – Access the official 5Paisa platform through your preferred method.
Register Your Mobile Number and Email ID – Provide basic contact information to initiate the process.
Enter Referral Code “53435813” – During registration, locate the field labeled “Referral Code” or “Invite Code” and enter 53435813 exactly.
Provide PAN and Date of Birth – Your PAN card is mandatory for account opening as per SEBI regulations.
Complete KYC Verification – Submit your Aadhaar for identity verification and complete the e-KYC process digitally.
Enter Bank and Personal Details – Provide bank account information and other required personal details.
Upload a Live Selfie and Signature – Complete the verification with a live selfie and signature upload.
To successfully open your 5Paisa Demat account, keep the following documents ready:
Using referral code “53435813” ensures you receive the account opening fee waiver and access to 5Paisa’s comprehensive trading features. The platform offers:
5Paisa also runs a referral program where existing users can earn rewards for successful referrals, with campaigns valid through May 2026.
Start your investment journey today by using referral code “53435813” to open your free Demat and trading account with 5Paisa.
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