TradeSmart Vs Paytm Money (Compare TradeSmart and Paytm Money)

• Unlike most of the discount brokers; TradeSmart offers 2 unique brokerage plans designed in such a way that it suits every trading strategy. Switching between these plans is made very easy which offers great flexibility.
• TSO offers to invest in Mutual Funds, Bonds and Offer For Sale (OFS). These financial instruments are not available with most discount brokers including other popular discount brokers like Zerodha and RKSV.
• Excellent referral benefits are available. The customer receives 10% credit of the brokerage generated by the clients referred by them.
• No minimum amount is needed to open or maintain a trading account with TSO.
• Customer service is available through live chat on its website. This is very convenient for many customers.
• TradeSmart has been in the stock broking industry since 1994.
• TSO's online knowledgebase has a lot of information which is helpful for most customers.

• 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.

• Call and Trade is charged an extra Rs 20 per executed order.
• Physical contract notes Rs 20 per contract note + courier charges
• Intraday positions (MIS, CO & BO) squared off by the RMS team are charged at Rs 20.
• 24/7 customer service is not available.
• Doesn't provide daily market reports, free tips, news alerts and technical analysis.
• 3-in-1 accounts are not available as the company doesn't provide banking services.

• 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.

• Know more about Flat Fee Share Brokers in India (Also known as budget broker or discount broker)

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.