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ICICIdirect Vs Paytm Money (Compare ICICIdirect and Paytm Money)

ICICI Securities Pvt Ltd. Logo

About ICICIdirect
ICICIdirect is one of the largest retail stock brokers in India. It is part of the ICICI Group. It offers online trading and investment services to over 50 lakhs customers. The services offered include equity, commodity, and currency trading at BSE, NSE, and MCX. The company also offers Mutual Fund & IPO, Fixed deposits, Bond, NCD, wealth products, Home Loans, Loans against Securities, etc. ICICIdirect's most popular service is its 3-in-1 account, which includes ICICI Bank Account, ICICI Tradin... Know more about ICICI Securities Pvt Ltd.

Paytm Money Limited Logo

About Paytm Money
Incorporated in 2017, Paytm Money Limited (commonly known as Paytm Money) is a Bengaluru based discount brokering firm. Paytm Money is a wholly-owned subsidiary of India's largest and leading digital goods and mobile platform, One97 Communications Ltd that also owns the Paytm brand. Paytm is an RBI-approved Indian e-commerce payment system. Paytm Money is a SEBI registered stockbroker and an Investment Advisor. The company has a depository participant membership of CDSL and is also a member of ... Know more about Paytm Money Limited

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ICICIdirect Vs Paytm Money

Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 2017, Paytm Money is a Discount Broker. It offers trading at NSE and BSE. It has 1 branches across India.

  ICICIdirect Paytm Money
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE NSE and BSE
Year of Incorporation 2000 2017
Number of Branches 154 1
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ICICIdirect Vs Paytm Money Charges & AMC

ICICIdirect trading account opening charges is Rs 0 (Free) while Paytm Money account opening changes is Rs 200. ICICIdirect Demat Account AMC Charges is Rs 300 (from 2nd year) and Paytm Money Demat Account AMC Charges is Rs 0 (Free).

  ICICIdirect Paytm Money
Trading Account Opening Charges Rs 0 (Free) Rs 200
Trading Account AMC Charges Rs 0 (Free) Rs 300 (Annual Platform Fees)
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 300 (from 2nd year) Rs 0 (Free)

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ICICIdirect Vs Paytm Money Brokerage

ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas Paytm Money brokerage charges for equity is Rs 20 per executed order or 2.5% whichever is low and intraday is Rs 20 per executed order or 0.05% whichever is low.

Account Type ICICIdirect ICICI Neo Plan Paytm Money Standard Plan
Fixed Charges NA NA
Equity Delivery 0.55% Rs 20 per executed order or 2.5% whichever is low
Equity Intraday Rs 20 per order Rs 20 per executed order or 0.05% whichever is low
Equity Futures Rs 0 (Free) Rs 20 per executed order or 0.01% whichever is low
Equity Options Rs 20 per order Rs 20 per executed order
Currency Futures Rs 20 per order
Currency Options Rs 20 per order
Commodity Futures Rs 20 per order
Commodity Options Rs 20 per order
Special Offer

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Special Offer: Pay ₹0 brokerage for first 15 days and flat ₹20 per trade brokerage for delivery, intra-day and F&O trades thereafter. Get the offer
Paytm Money QR Code

ICICIdirect Vs Paytm Money Brokerage Plan 2

  ICICIdirect Paytm Money
Account Type I-Secure Plan Standard Plan
Fixed Charges NA NA
Equity Delivery 0.55% Rs 20 per executed order or 2.5% whichever is low
Equity Intraday 0.275% Rs 20 per executed order or 0.05% whichever is low
Equity Futures 0.05% Rs 20 per executed order or 0.01% whichever is low
Equity Options Rs 95 per lot Rs 20 per executed order
Currency Futures Rs 20 per order
Currency Options Rs 20 per order
Commodity Futures Rs 20 per order
Commodity Options Rs 20 per order
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ICICIdirect Charges Vs Paytm Money

Minimum Brokerage Rs 35 per trade (I-Secure Plan)
Other Charges Margin Trading Interest: 0.025% Per day Platform Usage Fees-Rs. 30/month; Physical Statements/Documents-₹300 per request + ₹300 per Courier
Call & Trade Charges Rs 50 per trade Rs 100

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ICICIdirect Vs Paytm Money Transaction Charges

ICICIdirect transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) while Paytm Money exchange transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium).

  ICICIdirect Paytm Money
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE Rs 345 per Cr (0.00345%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side) NSE Rs 345 per Cr (0.00345%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 BSE Rs 200 per Cr (0.002%)
Equity Options NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) NSE Rs 5300 per Cr (0.053%) (on premium)
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)
Currency Options NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium) (on premium)
Commodity Group A - Rs 260 per Cr (0.0026%)
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ICICIdirect Vs Paytm Money Leverage (Margin)

ICICIdirect margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Paytm Money margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  ICICIdirect Paytm Money
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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Compare ICICIdirect and Paytm Money Features

The trading platforms offered ICICIdirect include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Paytm Money offers Paytm Money mobile app, Paytm Money website trading software.

  ICICIdirect Paytm Money
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No No
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) Yes No
Margin Against Shares (Equity F&O) Yes No
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App Paytm Money mobile app, Paytm Money website
Intraday Square-off Time 3:30 PM 3:15 PM
Trading In SME Shares Allowed?
Referral Program
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader
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ICICIdirect Vs Paytm Money Review

ICICIdirect is rated 2.3 of 5 based on 482 customer reviews whereas Paytm Money is rated 3.2 of 5 based on 52 customer reviews.

  ICICIdirect Paytm Money
  482 Customer Reviews    Rate ICICIdirect 52 Customer Reviews    Rate Paytm Money
Fees 2.2 3.3
Brokerage 1.7 3.8
Trading Platform 3.3 3.4
Customer Service 2.6 2.6
Research Capabilities 2.9 3.2
Overall Ratings Rated 2.3 stars Rated 3.2 stars
Broker Rating ICICIdirect is rated 2.3 of 5 based on 482 customer reviews Paytm Money is rated 3.2 of 5 based on 52 customer reviews

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Contact Broker / Request A Call Back

  ICICIdirect Enquire Paytm Money Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. Pay ₹0 brokerage for first 15 days and flat ₹20 per trade brokerage for delivery, intra-day and F&O trades thereafter. Get the offer
Paytm Money QR Code

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ICICIdirect Vs Paytm Money Investment Options

  ICICIdirect Paytm Money
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes No
Other Investment Options Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS NPS Retirement Fund, Digital Fund

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ICICIdirect Vs Paytm Money Order Type Offered

  ICICIdirect Paytm Money
Bracket Order No Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes No
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ICICIdirect Vs Paytm Money Research Report

  ICICIdirect Paytm Money
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No

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ICICIdirect Vs Paytm Money Suitable For Investor Type

  ICICIdirect Paytm Money
Casual Investor Yes
Active Investor Yes
Trader Yes

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ICICIdirect Vs Paytm Money - Pros and Cons

  ICICIdirect Paytm Money
Pros
  • Offers 3-in-1 account which makes stock market investment very easy for casual investors.
  • Wide range of investment options available under one portal.
  • Provides a low bandwidth website which works well where internet connection is slow.
  • GTC (good till cancellation) and off-market hours order placement facility is very useful.
  • Flat rate brokerage fee (max Rs 20 per trade).
  • Free Mutual Fund investments with no hidden charges.
  • Direct MF platform that helps you earn an extra 1% returns.
  • Zero Maintenance Charges.
  • Instant digital account opening.
  • Simple and easy trading platforms.
  • Online IPO application services.
  • Offers to invest in NPS and digital gold investment along with Stocks, Derivatives, and MF.
Cons
  • ICICI Security charges highest brokerage in comparison to most of the retail brokers in India.
  • Very high 'minimum brokerage' of Rs 35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hours of trading.
  • Trading Terminal (Trade Racer) cost Rs 75 per month if brokerage paid in a month is less then Rs 750.
  • Demat Account is mandatory.
  • Call & trade cost extra Rs 50 per trade in Neo/Prime Plans.
  • Branch support not available.
  • GTC order type not available.
  • Trading platforms use fee: Rs 30 per month.
  • No Margin trading facility.
  • No Margin against shares.
  • Commodity and Currency trading not available.
Reviews

Paytm Money Limited, commonly known as Paytm Money, is a Bengaluru-based online discount broker incorporated in 2017 offering trading and investment services for an entire range of financial products like Equity, Derivatives, Direct Mutual Funds, Digital gold, NPS retirement funds, and IPO. The company also provides investment advisory services by way of offering investment packs for mutual fund investments.

The company claims to be a leader and pioneer in low-cost trading. Paytm Money follows a flat fee model. The maximum brokerage charged by the broker is Rs 15 per trade. Paytm Money offers free Equity Delivery trading. Paytm Money is a member of NSE and BSE and has a depository membership with CDSL.

Paytm Money charges Rs 200 towards account opening and zero annual maintenance charges for the Demat account. The company offers an online trading platform - Paytm Money on Android, iOS, and website.

Promo / Offers

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Paytm Money Special Offer

Pay Rs 0 brokerage for first 15 days

  • Pay flat ₹20 per executed order for Delivery, Intraday & F&O.

This is a limited-time offer. Open Instant Paytm Account online and start trading today.

Paytm Money QR Code
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