Which is better HDFC Securities vs Paytm Money?

Last Updated: 17-Mar-2021

Short Answer

The differences between the two stockbrokers might be plenty, but the better one between them comes down to the differences they sport. Let’s learn a bit more about them and understand what each one has to offer before making a final decision.

Detailed Answer

About HDFC Securities

HDFC Securities is part of HDFC bank, where they offered both online and offline trading services. With the stockbroker availing 3-in-1 trading accounts is quite feasible. Trading with the NSE and BSE in options, futures, and online IPO investment is all possible. The stockbroker is a public company and is a full-service stockbroker.

Adding to this, the stockbroker is a DP of the NSDL and CSDL. The margin money is around the 25,000 rupees range with the charges of opening an account is 500 rupees, whereas the AMC for a trading and Demat account is 500 rupees for each. Though it might be expensive, the brokerage charge for equity delivery trading is 0.50%, whereas 0.05% brokerage for equity intraday trading, equity futures trading, and currency futures trading. The minimum brokerage charged by the stockbroker is 25 rupees.

If you wish, you can calculate the overall brokerage through the provided brokerage calculator. They do some interacting features such as happy hours trading, zero brokerage charge for loss-making trades, flexible brokerage plans, research reports, and much more.

About Paytm Money

Paytm money is a discount stockbroker who is headquartered in Bangalore. It’s not part of the Paytm app but an entirely different platform that Paytm owns. Being an RBI-approved commerce merchant, the stockbroker is a DP for the CSDL & NSDL and offers trades in the NSE and BSE. With its roots planted deep with mutual funds, it slowly branched out towards different stock market sections such as F&O, equity, IPO investment, digital gold, and other segments.

The account opening charges are at 300 rupees where that the Demat AMC charges are capped at 250 rupees per annum. The trading account AMC is free of cost. The minimum brokerage fee that the stockbroker charges is 10 rupees per lot. Twenty rupees per lot is charged for equity intraday trading, commodity options trading, equity futures trading, equity options trading, currency futures trading, currency options trading, and more. Equity delivery trading is free of charge.

There is a brokerage calculator that one can use to calculate the total brokerage fee of an order. They do provide a free trading account with a discount on brokerage and flexible brokerage plans. There are referral offers along with tip offerings, relationship managers, offline advisory, and more.

HDFC Securities vs. Paytm Money

Both the stockbrokers are more than capable of providing you with the best features and services to trade in the stock market. However, if you were to go with HDFC Securities, then the high brokerage fee might be a let-down. With Paytm money, most of the common services are absent, and it might be a let-down. With that being said, do use both and see which one suits your preference to make the final call.

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