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.