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ICICIdirect Vs Paytm Money (Compare ICICIdirect and Paytm Money)

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...

ICICIdirect Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs

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 ...

Paytm Money Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs

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
	Open ICICIdirect Account	Open Paytm Money Account

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)

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	Special Offer: ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 5 minutes from sell orders + Free trading tips. Open Instant Account Now	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

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
	Open ICICIdirect Account	Open Paytm Money Account

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

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%)
	Open ICICIdirect Account	Open Paytm Money Account

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)
	Open ICICIdirect Account	Open Paytm Money Account

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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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
	Open ICICIdirect Account	Open Paytm Money Account

ICICIdirect Vs Paytm Money Review

ICICIdirect is rated 2.3 of 5 based on 480 customer reviews whereas Paytm Money is rated 3.3 of 5 based on 49 customer reviews.

	ICICIdirect	Paytm Money
	480 Customer Reviews	49 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICIdirect is rated 2.3 of 5 based on 480 customer reviews	Paytm Money is rated 3.3 of 5 based on 49 customer reviews

Contact Broker / Request A Call Back

	ICICIdirect Enquire	Paytm Money Enquire
Contact Broker	ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 5 minutes from sell orders + Free trading tips. Open Instant Account Now	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

ICICIdirect Vs Paytm Money Investment Options

	ICICIdirect	Paytm Money
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS	NPS Retirement Fund, Digital Fund

ICICIdirect Vs Paytm Money Order Type Offered

	ICICIdirect	Paytm Money
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
	Open ICICIdirect Account	Open Paytm Money Account

ICICIdirect Vs Paytm Money Research Report

	ICICIdirect	Paytm Money
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

ICICIdirect Vs Paytm Money Suitable For Investor Type

	ICICIdirect	Paytm Money
Casual Investor
Active Investor
Trader

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	ICICIdirect Special Offer ICICIdirect Neo Plan (Discount Brokerage) Open a 3-in-1 account with Neo Plan for: Free Account Opening Brokerage-Free Equity Futures trading Flat Rs. 20 per trade brokerage in Options, Currency F&O and Commodity futures in BSE, NSE and MCX Free trading tips Get funds in your bank account in just 5 minutes of selling stocks Interested in opening a trading account? Open Instant Account Now	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.
	Open ICICIdirect Account	Open Paytm Money Account

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