ICICI Direct Vs Paytm Money (Compare ICICI Direct and Paytm Money)

The side-by-side comparison of ICICI Direct and Paytm Money. Compare ICICI Direct Vs Paytm Money brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best ICICI Direct vs Paytm Money?


ICICI Direct
ICICI Direct is a retail trading and investment service from ICICI Securities, one of the largest retail stock broker firm in India. It offers a wide range of investment options. ICICI Securities is part of ICICI Group, India's top financial service provider offering banking and other financial services. ICICI Securities offers 'online trading and investment' services to over 50 lakhs customers through ICICI Direct (ICICIDirect.com). ICICIDirect.com is the flagship website of ICICI Bank. This w... Know more about ICICI Securities Pvt 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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ICICI Direct Vs Paytm Money

Incorporated in 2000, ICICI Direct 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.

  ICICI Direct Paytm Money
Type of Broker Full Service Broker Discount Broker
Supported Exchnages BSE, NSE NSE and BSE
Account Type 3-in-1 Account (I-Secure Plan) Standard Plan
Year of Incorporation 2000 2017
Number of Branches 154 1
Broker Enquiry Open an Online Trading Account with ICICI Direct. Leave your contact info and we will get in touch with you.
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ICICI Direct Vs Paytm Money Charges & AMC

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

  ICICI Direct Paytm Money
Trading Account Opening Charges Rs 0 Rs 200
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 Rs 0
Demat Account AMC Charges Rs 300 (from 2nd year) Rs 0 (Free)
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ICICI Direct Vs Paytm Money Brokerage Charges & Plans

ICICI Direct Vs Paytm Money Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is 0.275% whereas Paytm Money brokerage charges for equity is Rs 0 (Free - Minimum Rs 0.01 per executed order) and intraday is R10 per executed order or 0.05% whichever is lower.

  ICICI Direct Paytm Money
Account Type 3-in-1 Account (I-Secure Plan) Standard Plan
Fixed Charges NA
Equity Delivery Brokerage 0.55% Rs 0 (Free - Minimum Rs 0.01 per executed order)
Equity Intraday Brokerage 0.275% R10 per executed order or 0.05% whichever is lower
Equity Futures Brokerage 0.05% to 0.03% Rs 10 per executed order
Equity Options Brokerage Rs 95 to Rs 35 per lot Rs 10 per executed order
Currency Futures Trading Brokerage 0.050% to 0.030%
Currency Options Trading Brokerage Rs 25 to Rs 10 per lot
Commodity Futures Trading Brokerage NA
Commodity Options Trading Brokerage NA
Special Offer
Special Offer: Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.
Special Offer: Brokerage free equity delivery trading + Flat Rs 10 Intra-day and F&O trades + Rs 0 Demat AMC. Get the offer

ICICI Direct Vs Paytm Money Brokerage Plan 2

  ICICI Direct Paytm Money
Account Type I-Saver Plan Standard Plan
Fixed Charges NA
Equity Delivery Brokerage 0.75% to 0.25% Rs 0 (Free - Minimum Rs 0.01 per executed order)
Equity Intraday Brokerage 0.75% to 0.25% R10 per executed order or 0.05% whichever is lower
Equity Futures Brokerage 0.05% to 0.03% Rs 10 per executed order
Equity Options Brokerage Rs 95 to Rs 65 per lot Rs 10 per executed order
Currency Futures Trading Brokerage 0.05% to 0.03%
Currency Options Trading Brokerage 0.25 to Rs 65 per lot
Commodity Futures Trading Brokerage NA
Commodity Options Trading Brokerage NA

ICICI Direct Vs Paytm Money Brokerage Plan 3

  ICICI Direct Paytm Money
Account Type ICICIdirect Prime Plan Standard Plan
Fixed Charges Rs 900 NA
Equity Delivery Brokerage 0.25% Rs 0 (Free - Minimum Rs 0.01 per executed order)
Equity Intraday Brokerage 0.25% R10 per executed order or 0.05% whichever is lower
Equity Futures Brokerage 0.025% Rs 10 per executed order
Equity Options Brokerage Rs 35 Rs 10 per executed order
Currency Futures Trading Brokerage Rs 0
Currency Options Trading Brokerage Rs 0
Commodity Futures Trading Brokerage NA
Commodity Options Trading Brokerage NA

ICICI Direct Charges Vs Paytm Money

Minimum Brokerage Charges Rs 35 per trade Rs 0.01 per executed order on Equity Delivery trades
Other Brokerage Charges Platform Usage Fees - Rs300 p.a; Physical Statements/Documents - ₹300 per request + ₹300 per Courier
Call & Trade Charges Rs 25 per call after first 20 free calls per month Rs 300
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ICICI Direct Vs Paytm Money Transaction Charges

ICICI Direct transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while Paytm Money exchange transaction charges for options is Rs 5,000 per Cr (0.05%).

  ICICI Direct Paytm Money
Equity Delivery NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures Rs 180 per Cr (0.0018%) Rs 190 per Cr (0.0019%)
Equity Options Rs 5000 per Cr (0.05%) (on premium) Rs 5,000 per Cr (0.05%)
Currency Futures Rs 120 per Cr (0.0012%)
Currency Options Rs 5000 per Cr (0.05%) (on premium)
Commodity NA
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ICICI Direct Vs Paytm Money Leverage (Margin)

ICICI Direct provides the margin of Upto 25x for intraday trades whereas the Paytm Money margin for intraday cash is Up to 7.5x (based on the stock).

  ICICI Direct Paytm Money
Equity Delivery 5x with Interest 1x (no margin)
Equity Intraday Upto 25x Up to 7.5x (based on the stock)
Equity Futures 4x Intra-day: 3x | Carry forward: 1x (no margin)
Equity Options 2x for shorting Intra-day (Options Sell): 3x | Carry forward: 1x (no margin)
Currency Futures NA
Currency Options NA
Commodity Futures NA
Commodity Options
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Compare ICICI Direct and Paytm Money Features

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

  ICICI Direct 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 Available 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
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Referral Program
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ICICI Direct Vs Paytm Money Review

ICICI Direct is rated 2.4 of 5 based on 441 customer reviews whereas Paytm Money is rated 3.5 of 5 based on 8 customer reviews.

  ICICI Direct Paytm Money
  441 Customer Reviews    Rate ICICI Direct 8 Customer Reviews    Rate Paytm Money
Fees 2.2 3.8
Trading Brokerage 1.7 3.9
Trading Platform Usability 3.4 3.6
Customer Service 2.7 2.5
Research Capabilities 2.9 3.0
Overall Ratings Rated 2.4 stars Rated 3.5 stars
Broker Rating ICICI Direct is rated 2.4 of 5 based on 441 customer reviews Paytm Money is rated 3.5 of 5 based on 8 customer reviews
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Contact Broker / Request A Call Back

  ICICI Direct Enquire Paytm Money Enquire
Contact Broker

Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.

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ICICI Direct Vs Paytm Money Investment Options

  ICICI Direct Paytm Money
Stock / Equity Yes Yes
Commodity No No
Currency Yes No
Initial Public Offers (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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ICICI Direct Vs Paytm Money Order Type Offered

  ICICI Direct 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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ICICI Direct Vs Paytm Money Research Report

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

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

  ICICI Direct 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.
  • 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
  • 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.
  • Commodity trading is not available for retail investors.
  • Call & trade cost extra Rs 25 per call after first 20 free calls in a month.
  • Branch support not available.
  • GTC order type not available.
  • Charges for the usage of trading platforms.
  • 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

ICICI 3-in-1 Account

ICICI Direct offers a 3-in-1 account, a combination of saving bank, trading and demat account. It offers one-click investment in Equity, Derivatives, Mutual Funds, IPO, ETF, Life Insurance, General Insurance, Currency, and Fixed Deposits.

Interested in opening a trading account? Request Callback from a stock broker.

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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ICICI Direct Paytm Money
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