ICICI Direct and Paytm Money are both stockbrokers with a high customer base and offer different tools and platforms for executing trades. But then ICICI Direct comes on top given its decades of experience as a full stockbroker and its reliability through its trading tools and investing tips. Paytm Money has the recognition but still has to strive harder to make a mark in the stockbrokers' world in terms of services and trading tools.
ICICI Direct is a full-service stockbroker offering investment opportunities in almost all segments of the stock market. Being part of the ICICI group provides a unique 3-in-1 account where users can integrate their demat, trading, and savings account as one for seamless transactions.
Moreover, the ICICI group is one of the country's leading financial institutes, with ICICI Securities having more than 20 lakh customers in the country. They have no charges on opening a demat or trading account. Even the maintenance charges on a trading account is zero. However, with the demat account, the maintenance charge is 700 rupees per annum.
Paytm Money is an entirely different entity from Paytm, where it offers users to invest in the stock market and mutual funds. It's a discount stock broker that provides trading facilities with the NSE and BSE. Along with stocks, it offers trading in currency, derivatives, ETF's and more. The account opening charges are 300 rupees with Demat account maintenance charges at 250 rupees per annum, and opening/maintaining a trading account is free.
Both the stockbrokers are great in their way. ICICI Direct might offer an integrated account with different brokerage plans and trading platforms, but Paytm Money offers extensive trading options with a larger customer base. Depending on your requirements, each one should provide assistance in your trading and investing ventures for a fruitful outcome.
Which is better HDFC Securities vs Paytm Money? 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.
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Is Paytm Money better than Zerodha? You wish to know if Paytm Money is better that Zerodha or it's the other way round. Zerodha being a leading discount broker in India has been there for overe a decade now. While Paytm Money already established in mutual fund investment arena, but a fairly new entrant in stock broking industry. So, let's compare the features and discuss few details on each of them.
Is Zerodha better than Paytm Money? Yes, Zerodha is much better than Paytm money, thanks to the discrete offerings that Zerodha brings to the table. Zerodha has been in the stock brokering business for a decade whereas Paytm money was founded in 2017. The experience, knowledge, tools, and trading options provided by Zerodha are quite prominent and useful when compared to Paytm money.
What are advantages of Opening Demat and Trading account with Paytm Money? There are plenty of advantages in choosing Paytm Money to open a Demat account and trading account with the stock broker. Some of the advantages include robust trading applications with web integration, 190+ banks supported for an easy transaction, net banking facilities, a low brokerage fee of 20 rupees, etc.
What are disadvantages of Opening Demat and Trading account with Paytm Money? With every stock broker, including the likes of Paytm Money, some disadvantages might be a trade-off in choosing them. These include the unavailability of trading with currency and commodities, trading in futures is still not available, the trading platform isn't robust, etc.
How to Open a Trading & Demat Account with Paytm Money? To open a Paytm Demat Account you do not need to make a lot of efforts. You can simply do it online which spares you from standing in a long waiting queue in the branch of the broker house. These days online and offline account opening has become all the more easy.