iTradeOnline Vs Paytm Money (Compare iTradeOnline and Paytm Money)


iTradeOnline
iTradeOnline is an online trading platform of Trustline Securities, a popular full-service broker. iTradeOnline offers online discount brokerage services at an ultra-low brokerage fee of Rs 20 per executed order or 0.01% whichever is lower. The same low price is available across segments at BSE, NSE, and MCX. Unlike most discount brokers, iTradeOnline offers intraday leverage of up to 20x in equity, 2x in NSE F&O, 2x in NSE Currency and 8x in MCX futures. The cover orders (CO) are available... Know more about iTradeOnline by Trustline


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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iTradeOnline Vs Paytm Money

Incorporated in , iTradeOnline is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 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.

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

iTradeOnline trading account opening charges is Rs 0 (Free) while Paytm Money account opening changes is Rs 200. iTradeOnline Demat Account AMC Charges is Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0 and Paytm Money Demat Account AMC Charges is Rs 0 (Free).

  iTradeOnline Paytm Money
Trading Account Opening Charges Rs 0 (Free) Rs 200
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Regular: Rs 0, Lifetime Free AMC: Rs 1000 Rs 0
Demat Account AMC Charges Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0 Rs 0 (Free)
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iTradeOnline Vs Paytm Money Brokerage Charges & Plans

iTradeOnline Vs Paytm Money Brokerage

iTradeOnline brokerage charges for equity is Rs 20 per executed order or .01% whichever is lower and intraday is Rs 20 per executed order or .01% 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.

  iTradeOnline Paytm Money
Account Type Pay Per Trade Standard Plan
Fixed Charges Rs 0 NA
Equity Delivery Rs 20 per executed order or .01% whichever is lower Rs 0 (Free)
Equity Intraday Rs 20 per executed order or .01% whichever is lower Lower of 0.05% or Rs 10 per executed order
Equity Futures Rs 20 per executed order or .01% whichever is lower Rs 10 per executed order
Equity Options Rs 20 per executed order or .01% whichever is lower Rs 10 per executed order
Currency Futures Rs 20 per executed order or .01% whichever is lower
Currency Options Rs 20 per executed order or .01% whichever is lower
Commodity Futures Rs 20 per executed order or .01% whichever is lower
Commodity Options
Special Offer
Special Offer: Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. 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

iTradeOnline Charges Vs Paytm Money

Minimum Brokerage Rs 0 (No Minimum Brokerage) Rs 0.01 per executed order on Equity Delivery trades
Other Charges Physical contact notes: Rs 20 Platform Usage Fees - Rs300 p.a; Physical Statements/Documents - ₹300 per request + ₹300 per Courier
Call & Trade Charges Rs 0 (Free) Rs 300
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iTradeOnline Vs Paytm Money Transaction Charges

iTradeOnline transaction charges for options is NSE Rs 5000 per crore (0.05%) while Paytm Money exchange transaction charges for options is Rs 5,000 per Cr (0.05%).

  iTradeOnline Paytm Money
Equity Delivery NSE Rs 325 per crore | BSE Rs 1.5/trade (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 325 per crore | BSE Rs 1.5/trade (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE Rs 190 per crore (0.0019%) Rs 190 per Cr (0.0019%)
Equity Options NSE Rs 5000 per crore (0.05%) Rs 5,000 per Cr (0.05%)
Currency Futures NSE Rs 90/cr (0.0009%) | BSE Rs 18/cr (0.00018%)
Currency Options NSE Rs 4000 (on premium) per cr (0.04%) | BSE Rs 1500
Commodity MCX Rs 260/Cr (0.0026%) | NCDEX Rs 600/cr (0.006%)
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iTradeOnline Vs Paytm Money Leverage (Margin)

iTradeOnline 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.

  iTradeOnline 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 iTradeOnline and Paytm Money Features

The trading platforms offered iTradeOnline include Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.. Paytm Money offers Paytm Money mobile app, Paytm Money website trading software.

  iTradeOnline Paytm Money
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) No
Margin Against Shares (Equity F&O) No
Trading Platform Omnesys NEST is used as back-end. Front-end is built in-house by Trustline. Paytm Money mobile app, Paytm Money website
Intraday Square-off Time Equity: 3:15 PM, Commodity: 11:15 PM 3:15 PM
Other Features
Referral Program
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iTradeOnline Vs Paytm Money Review

iTradeOnline is rated 4.0 of 5 based on 7 customer reviews whereas Paytm Money is rated 3.4 of 5 based on 16 customer reviews.

  iTradeOnline Paytm Money
  7 Customer Reviews    Rate iTradeOnline 16 Customer Reviews    Rate Paytm Money
Fees 3.9 3.4
Brokerage 4.1 3.9
Trading Platform 3.9 3.7
Customer Service 3.7 2.5
Research Capabilities 1.0 3.2
Overall Ratings Rated 4.0 stars Rated 3.4 stars
Broker Rating iTradeOnline is rated 4.0 of 5 based on 7 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

  iTradeOnline Enquire Paytm Money Enquire
Contact Broker Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback
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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iTradeOnline Vs Paytm Money Investment Options

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

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

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

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

  iTradeOnline Paytm Money
Pros
  • Paperless account opening is available with eKYC and Aadhar integration
  • All trading softwares including trading terminal are available for free.
  • Uses trading platform of Omnesys which is industry leading trading software provider.
  • Margin Against Share is available
  • Research based fundamental and technical analysis available to all the customers.
  • Short selling is available in NSE Cash segment only.
  • After Hours Orders and Good Till Cancelled (GTC) orders are available.
  • SMS Trade Alerts are available for free to all customers.
  • Call & Trade is free for all customers.
  • 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
  • Separate account needed for Mutual Funds investment.
  • For iTradeOnline customers, the customer service is not available through 400+ Trustline branches.
  • Doesn't offer bracket orders.
  • Online IPO, NCD, Corporate Bond investment is not available.
  • Trading API's are now available.
  • Opening demat account along with the trading account is mandatory.
  • No extra charge for intraday or expiry positions closed by the broker.
  • 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

Lifetime FREE AMC Demat Account - 50% Off

Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save Rs 500 on account opening.

This is a limited time offer. Simply leave your contact information with us and iTradeOnline representatives will contact you.

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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iTradeOnline Paytm Money
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