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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, Derivatives, IPO, Mutual Funds, Fixed Deposits, Bonds, and Commodity trading at BSE and NSE. The company also offers NCD, wealth products, Home Loans, Insurance, etc.
ICICIdirect's most popular service is its 3-in-1 account, which includes the ICICI Bank Account, ICICI Trading Account, and... 
About Paytm Money
Established in 2017, Paytm Money is a prominent Indian wealth management platform that leverages technology to streamline investment processes. It facilitates investments across a broad spectrum of assets, including equities, F&O, mutual funds, SIPs, IPOs, NPS, and debt instruments, offering a user-friendly experience.
Paytm Money operates as a SEBI-registered stockbroker and Investment Advisor. It is also a depository participant with CDSL and a member of both the NSE and BSE.
Initially foc...
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 Paytm Money Account |
ICICIdirect trading account opening charges is Rs 0 (Free) while Paytm Money account opening changes is Rs 0 (Free). ICICIdirect Demat Account AMC Charges is For Individual account: Rs. 700 p.a. and Paytm Money Demat Account AMC Charges is Rs 0 (Free) Lifetime Free.
| ICICIdirect | Paytm Money | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 (Free) | Rs 0 (Free) (Annual Platform Fees) |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account AMC Charges | For Individual account: Rs. 700 p.a. | Rs 0 (Free) Lifetime Free |
ICICIdirect brokerage charges for equity is 0.29% and intraday is 0.029% 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 Direct Moneysaver Plan | Paytm Money Standard Plan |
|---|---|---|
| Fixed Charges | NA | NA |
| Equity Delivery | 0.29% | Rs 20 per executed order or 2.5% whichever is low |
| Equity Intraday | 0.029% | Rs 20 per executed order or 0.05% whichever is low |
| Equity Futures | 0.029% | Rs 20 per executed order or 0.01% whichever is low |
| Equity Options | Rs 49 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 | |
| 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  |
| ICICIdirect | Paytm Money | |
|---|---|---|
| Account Type | Prime Plan - 299 | Standard Plan |
| Fixed Charges | Rs 299 yearly | NA |
| Equity Delivery | 0.25% | Rs 20 per executed order or 2.5% whichever is low |
| Equity Intraday | 0.025% | Rs 20 per executed order or 0.05% whichever is low |
| Equity Futures | 0.025% | Rs 20 per executed order or 0.01% whichever is low |
| Equity Options | Rs 49 per lot | Rs 20 per executed order |
| Currency Futures | Rs 20 per order | |
| Currency Options | Rs 20 per order | |
| Commodity Futures | Rs 20 per lot | |
| Commodity Options | Rs 20 per lot | |
| Open Paytm Money Account |
| ICICIdirect | Paytm Money | |
|---|---|---|
| Account Type | Prime Plan - 9999 | Standard Plan |
| Fixed Charges | Rs 9999 one time | NA |
| Equity Delivery | 0.07% | Rs 20 per executed order or 2.5% whichever is low |
| Equity Intraday | 0.007% | Rs 20 per executed order or 0.05% whichever is low |
| Equity Futures | 0.007% | Rs 20 per executed order or 0.01% whichever is low |
| Equity Options | Rs 9 per lot | Rs 20 per executed order |
| Currency Futures | Rs 20 per order | |
| Currency Options | Rs 20 per order | |
| Commodity Futures | Rs 20 per lot | |
| Commodity Options | Rs 20 per lot | |
| Open Paytm Money Account |
| Minimum Brokerage | No minimum brokerage (Moneysaver Plan) | Rs 20 |
| Other Charges | Daily MTF Interest Rates: 0.049% | Yearly Margin Trading Interest: 17.99% | Rs 50 + GST system auto square off; Physical Statements - Rs 300 per request + Rs 300 per Courier |
| Call & Trade Charges | Rs 50 per trade | Rs 100 |
| Open Paytm Money Account |
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 Paytm Money Account |
The trading platforms offered ICICIdirect include ICICI Direct.com (website), ICICI Direct Mobile App. Paytm Money offers Paytm Money mobile app, Paytm Money website trading software.
| ICICIdirect | Paytm Money | |
|---|---|---|
| 3 in 1 Account |  |  |
| Automated Trading | | |
| Margin Trading Funding | | |
| Margin Against Shares (Equity Cash) | | |
| Margin Against Shares (Equity F&O) | | |
| Trading Platform | ICICI Direct.com (website), ICICI Direct Mobile App | Paytm Money mobile app, Paytm Money website |
| Intraday Square-off Time | 3:15 PM | 3:15 PM |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | Daily, monthly and yearly free research recommendations, 100% limit in shares as margin | |
| Open Paytm Money Account |
ICICIdirect is rated of 5 based on 484 customer reviews whereas Paytm Money is rated of 5 based on 53 customer reviews.
| ICICIdirect | Paytm Money | |
|---|---|---|
484 Customer Reviews  | 53 Customer Reviews | |
| Fees |  |  |
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| Trading Platform |  |  |
| Customer Service |  | |
| Research Capabilities |  | |
| Overall Rating |  | |
| Broker Rating | ICICIdirect is Rated 2.3 / 5 based on 484 customer reviews | Paytm Money is Rated 3.2 / 5 based on 53 customer reviews |
| ICICIdirect | Paytm Money | |
|---|---|---|
| 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 |
| ICICIdirect | Paytm Money | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| 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 Paytm Money Account |
| ICICIdirect | Paytm Money | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| ICICIdirect | Paytm Money | |
|---|---|---|
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| 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
| Paytm Money Special OfferPay Rs 0 brokerage for first 15 days
This is a limited-time offer. Open Instant Paytm Account online and start trading today. |
| Open Paytm Money Account |
Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Open Paytm Money Account
