Fyers Vs Paytm Money (Compare Fyers and Paytm Money)


Fyers
Incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments at NSE. FYERS word is an acronym of "Focus Your Energy & Reform the Self", representing the core values of the company. The company is founded by young entrepreneurs who believes in building the best trading platforms, being transparent and keeping the cost of trading at its lowest in India. Fyers is a low brokerage stock broker in... Know more about Fyers Securities Ltd


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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Fyers Vs Paytm Money

Incorporated in 2015, Fyers is a Discount Broker. It offers trading at NSE, MCX. It has 0 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.

  Fyers Paytm Money
Type of Broker Discount Broker Discount Broker
Exchnage Membership NSE, MCX NSE and BSE
Year of Incorporation 2015 2017
Number of Branches 0 1
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Fyers Vs Paytm Money Charges & AMC

Fyers trading account opening charges is Rs 0 (Free) while Paytm Money account opening changes is Rs 200. Fyers Demat Account AMC Charges is Rs 300 and Paytm Money Demat Account AMC Charges is Rs 0 (Free).

  Fyers Paytm Money
Trading Account Opening Charges Rs 0 (Free) Rs 200
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 300 Rs 0 (Free)
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Fyers Vs Paytm Money Brokerage Charges & Plans

Fyers Vs Paytm Money Brokerage

Fyers brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas Paytm Money brokerage charges for equity is Rs 0 (Free) and intraday is Lower of 0.05% or Rs 10 per executed order.

  Fyers Paytm Money
Account Type Flat Fee Brokerage Plan Standard Plan
Fixed Charges NA NA
Equity Delivery Rs 0 (Free) Rs 0 (Free)
Equity Intraday Rs 20 per executed order or .03% whichever is lower Lower of 0.05% or Rs 10 per executed order
Equity Futures Rs 20 per executed order or .03% whichever is lower Rs 10 per executed order
Equity Options Rs 20 per executed order Rs 10 per executed order
Currency Futures Rs 20 per executed order or .03% whichever is lower
Currency Options Rs 20 per executed order
Commodity Futures Rs 20 per executed order or .03% whichever is lower
Commodity Options Rs 20 per executed order
Special Offer
Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.
Special Offer: Brokerage free equity delivery trading + Flat Rs 10 Intra-day and F&O trades + Rs 0 Demat AMC. Get the offer

Fyers Charges Vs Paytm Money

Minimum Brokerage Intra-day: Rs 7 or 2.5% whichever is lower Rs 0.01 per executed order on Equity Delivery trades
Other Charges Square-off by Fyers - Rs 20 per trade, NRI Brokerage: Rs 100 per executed order (For all segments) Platform Usage Fees - Rs300 p.a; Physical Statements/Documents - ₹300 per request + ₹300 per Courier
Call & Trade Charges Rs 20 per trade Rs 300
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Fyers Vs Paytm Money Transaction Charges

Fyers transaction charges for options is Rs 5900 per Cr (on premium) (0.059%) while Paytm Money exchange transaction charges for options is Rs 5,000 per Cr (0.05%).

  Fyers Paytm Money
Equity Delivery Rs 325 per Cr (0.00325%) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday Rs 325 per Cr (0.00325%) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures Rs 240 per Cr (0.0024%) Rs 190 per Cr (0.0019%)
Equity Options Rs 5900 per Cr (on premium) (0.059%) Rs 5,000 per Cr (0.05%)
Currency Futures Rs 240 per Cr (0.0024%)
Currency Options Rs 5900 per Cr (on premium) (0.059%)
Commodity NA
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Fyers Vs Paytm Money Leverage (Margin)

Fyers margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Paytm Money margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  Fyers Paytm Money
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare Fyers and Paytm Money Features

The trading platforms offered Fyers include Fyers One (In-house build). Paytm Money offers Paytm Money mobile app, Paytm Money website trading software.

  Fyers Paytm Money
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts No No
Online Demo No Yes
Online Portfolio Yes Yes
Margin Trading Funding No No
Margin Against Shares (Equity Cash) No
Margin Against Shares (Equity F&O) No
Trading Platform Fyers One (In-house build) Paytm Money mobile app, Paytm Money website
Intraday Square-off Time 3:20 PM 3:15 PM
Other Features Brokerage free thematic investing is available
Referral Program Yes
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Fyers Vs Paytm Money Review

Fyers is rated 3.2 of 5 based on 21 customer reviews whereas Paytm Money is rated 3.4 of 5 based on 16 customer reviews.

  Fyers Paytm Money
  21 Customer Reviews    Rate Fyers 16 Customer Reviews    Rate Paytm Money
Fees 3.3 3.4
Brokerage 3.7 3.9
Trading Platform 3.2 3.7
Customer Service 3.4 2.5
Research Capabilities 1.7 3.2
Overall Ratings Rated 3.2 stars Rated 3.4 stars
Broker Rating Fyers is rated 3.2 of 5 based on 21 customer reviews Paytm Money is rated 3.4 of 5 based on 16 customer reviews
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Contact Broker / Request A Call Back

  Fyers Enquire Paytm Money Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today. Brokerage free equity delivery trading + Flat Rs 10 Intra-day and F&O trades + Rs 0 Demat AMC. Get the offer
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Fyers Vs Paytm Money Investment Options

  Fyers Paytm Money
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
IPO No Yes
Mutual Funds No Yes
Bond / NCD No No
Debt No No
Other Investment Options NPS Retirement Fund, Digital Fund
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Fyers Vs Paytm Money Order Type Offered

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

  Fyers Paytm Money
Daily Market Report No No
Free Tips No No
Quarterly Result Analysis No No
News Alerts No No
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Fyers Vs Paytm Money Suitable For Investor Type

  Fyers Paytm Money
Casual Investor
Active Investor Yes Yes
Trader Yes Yes
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Fyers Vs Paytm Money - Pros and Cons

  Fyers Paytm Money
Pros
  • Free equity delivery trades and thematic investments. No brokerage for this segment.
  • Very low brokerage charges of maximum Rs 20 per trade.
  • Free account opening.
  • No software charges.
  • State of art trading platforms.
  • Thematic investment is available
  • Refer your friends and earn 20% of the revenues generated by your friends, for life!
  • Brokerage free equity delivery trading.
  • Low-cost trading charges.
  • 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
  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.
  • Branch support not available.
  • GTC order type not available.
  • Trading platforms uses fee: Rs 300 per year.
  • 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 10 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

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O.
  • Brokerage-free Direct Mutual Fund investment.
  • Trade with one of the best trading platforms in India.

This is a limited-time offer. Open FREE Fyers Account online and start trading today.

Free Equity Delivery Trading

Get free equity delivery trading (no brokerage) and pay flat Rs 10 brokerage for Intraday and F&O trades. Rs 0 AMC for your demat account. To open an account with Paytm Money, simply Open Online Account or request a callback.

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