Is Paytm Money Safe and reliable Broker for Stock Trading & Investing?

Short Answer

Yes, it is completely safe to invest your money in the stock market using Paytm money App. In fact, PayTm has come up with stock broking services recently and trying to establish itself in the said field. And, to give tough fight to top existing players it has to keep its services up to the mark. Paytm Money made a big name in mutual fund investment industry and now it's time to see its performance in the stock brokers' world.

Detailed Answer

Paytm is one of the top Fintech start-ups that transformed into a unicorn company within the initial years of its foundation. The founder and CEO Vijay Shekhar Sharma made it to the list of Forbes' global billionaires this year. A large number of people now use Paytm for everyday transactions. The use of digital currency came into full action after the demonetization move of 2018 and gained additional momentum after the Covid-19 pandemic.

However, people are still skeptical about the use of such apps for trading and investment purposes. We answer some FAQs related to investing money via the Paytm money application below:

1. Is investing through Paytm Money App safe?

Of course, it's safe to invest through Paytime similar to other discount brokers in India. However, the standard market risk prevails in any medium you use. Paytm has recently partnered with an independent research firm 'Morningstar' and launched an offer wherein Paytm brings a portfolio of 5 mutual funds according to the risk appetite of its investor. It measures the risk-taking capacity by the risk sustainability assessment feature. It is also one of the leading conglomerates of India, so the chances of fraud or risk of losing your money to the app are negligible.

2. I already have a KYC with Paytm. Do I need to get another for Paytm money?

Yes, if you are new to MF investments, Paytm money would require a separate verification other that the Paytm payment bank account.

3. Is there any commission or brokerage that I pay to Paytm money?

No, investing using Paytm money requires zero charges. no middle-man commission or brokerage is charged from the investor. All you have to do is install the application and get started!

4. What payment methods does Paytm money support?

You can use any UPI application such as PhonePe or BHIM, net banking, or any debit card of your verified bank account for making transactions on Paytm money. Note that you cannot use the money in your Paytm wallet for this purpose. Also, the use of credit cards is forbidden by the company. Alternatively, you can set up an auto-pay option. It enables you to make one-time automated bank payments and perform one-click investments.

5. Can I use Paytm money if I already invest in Mutual funds?

Paytm money provides a direct portal to invest in Mutual funds without any Financial advisor or broker intermediary. This way the investor can save up commission costs. It provides risk assessment tools, research on MFs, and suggests you the top ones according to your needs. So if you invest with Paytm money you don't need any other source. And even if you don't, you can use its tools and reports to research what's best for your financial health.

6. Can I invest in Stocks with Paytm Money?

Yes, you can invest in stocks with Paytm Money now. Stock Broking is now live on this app and you can direct invest in stocks. Isn't that great news! \Paytm Money Stocks\ is the latest offering in the bucket of services offered by Paytm Money in India. While the cash delivery trades are free, you have to pay Rs.10 per executed trade for intraday trading.

Paytm Money App: How to get started with it?

It is pretty easy to start with. Especially if you are new to the world of Mutual Funds and investing. All you have to do is install the Paytm Money app, finish your KYC (know your client) process by providing some basic details and documents and it will guide you from thereon. It will access your risk profile, suggest suitable funds, and help you track your investments later on. Have you tried the Paytm Money app? Do share your feedback and experiences thereon.

Tagged With: Paytm MoneyPaytm Money AppPaytm money reviewPaytm Money Stock tradingStock broker
Ask your query and our expert community would be happy to help
Discussion (4)

    Yes, the trading platform is quite reliable and robust. Since its days a mutual fund’s investment platform and money transfer portal, it has implemented next level security encryption software’s to make it a safe trading platform.

    hhhhh

    sssssss

    Till now I have faced no privacy issue while using the Paytm Money app. Paytm add new security features often and one can invest and withdraw their money very easily to their bank account. Their customer services is also very user friendly.

Related FAQs

Is Upstox safe, good & reliable broker for stock trading & investment?

Yes, Upstox is safe, good and a very reliable stock broker for trading and long term investing. Being registered with SEBI, NSE, BSE, MCX and CDSL the stock broker has built a good reputation and a decent customer base over the years.

Is Wisdom Capital Good, Safe & Reliable Broker for Stock Trading and Investing?

Yes, Wisdom Capital is good, safe, and reliable for all stock trading and investing options. However, weighing in on the lack of trading options and the unjustified charges imposed, it is a cause of worry. But other than this, the broker is reliable enough to execute a trade from the platform.

Is Stoxkart safe and reliable for Stock Trading & Investing?

Stoxkart is a safe and reliable brokerage house in India. Stoxkart is a SEBI registered broker and depository participant of CDSL to offer Demat account opening services to its clientele base.

Is 5paisa safe, good and reliable stock broker for trading?

5paisa happens to be a safe, reliable and trustworthy company. All your investments are safe, and trades can be executed reliably. SEBI is the regulating body that monitors all the activities of stock brokers in India.

Is Zerodha Safe and Reliable Stock Broker for Trading?

A quick answer to this: Yes, Zerodha is a safe and reliable stock broker for trading and long term investment. You might have heard and read so much about Zerodha, a leading and one of the best discount broker in India. It's just amazing to know about their huge customer base and fast growing company. **Do you ever feel that Is Zerodha safe and reliable stock broker for trading and long term investment?

Is Finvasia Safe, Good & Reliable Stock Broker for Trading?

Finvasia is as safe and reliable as any other stock broker when it comes to stock trading and investing. It is a relatively new entrant in Indian market, but has established itself in different countries in the past. The activities of all brokers are regularly monitored by SEBI , the apex regulating authority thereby protecting the interest of investors.

Is 5paisa a safe, good and reliable stock broker for trading?

One of the emerging stock brokering company's in the country, 5paisa has been trusted by traders for all the right reasons. Analyse whether its safe and reliable stock broker for stock trading.

What is Paytm Money? Investment & Trading Platform

Paytm has added its name to the stockbroking industry all through its new platforms “Paytm Money.” The platform was rolled out to customers earlier in September 2020 and had since then exploded amongst traders/investors to see the offerings set up by the company.

Is Groww App Safe for Mutual fund and Stock Investing?

Yes, Groww app is completely safe for mutual fund, stock investing and trading. As a popular mutual fund investment plaftorm, Groww established itself quite well in the past few years. Now, it has also enetered the stock broking space so it's really good to see new entrants amid existing top discount brokers in India.

What are Paytm Money Brokerage Charges? Stock Trading

Paytm Money, an emerging stock broker offers a Demat trading account to investors and traders at a fairly reasonable cost. In reality, nothing comes free of cost, may it be brokerage services or any other for that matter, you'll be charged one way or the other. So, let's see what all charges you have to bear while trading through this stock broker in India.