Interactive Brokers, found in 1978 is currently one of the biggest discount brokers in the world. Naturally, the broker is regulated by different financial authorities according to the country, including UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC), and India’s Securities and Exchange Board of India (SEBI). It has presence over a number of countries worldwide!
A one-stop solution for Indian residents interested in investing both in the Indian as well as the global markets.
Interactive Brokers has business on over 135 market destinations worldwide, where they provide service of trading stocks, options, futures, forex, fixed income and funds worldwide, executing about 1,746,000 trades per day.
Interactive Brokers has its headquarters in Greenwich, Connecticut. It functions with over 1400 employees in a number of countries like the USA, Switzerland, Canada, India, Hong Kong, UK, Australia, Hungary, Russia, Japan, China and Estonia.
In India, the
The best part about Paytm Money is in the fact that it carries the brand name Paytm. Now while that provides a huge advantage from a branding perspective, whether it is enough from a functional perspective, we’ll see.
Paytm Money is a mutual fund trading app, facilitating payments through net banking, UPI, OTM. However, it launched its discount broking wing sometime back and is planning to expand its user base towards the stock investors and traders. Paytm Money’s target market happens to be one of the largest population demographics, i.e the young and middle aged. With Paytm Money, the company joints it’s easy to use interface with quality and service standards set by Paytm.
All this while it ventures into the mutual fund app space and further diversifying into the stock broking services in India. Paytm is an Indian company, funded by Alibaba and backed by Ratan Tata
Charge | Interactive Brokers | Paytm Money |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 (Free) |
Trading Acc Opening Charges | ₹0 | Rs. 200 (One time Digital KYC) + Rs. 300 Account Opening Charges |
Trading Account AMC | ₹0 | ₹0 (Free) |
Demat Account AMC | ₹0 | Annual Platform Fees of Rs.300 |
Charge | Interactive Brokers | Paytm Money |
---|---|---|
Plan Name | N/A | Basic Plan |
Equity Delivery | Minimum ₹6 and Upto ₹20 per executed order | ₹0 |
Equity Intraday | Minimum ₹6 and Upto ₹20 per executed order | 0.05% of turnover or ₹10 whichever is lower |
Equity Futures | Minimum ₹6 and Upto ₹20 per executed order | 0.05% of turnover or ₹10 whichever is lower |
Equity Options | Minimum ₹6 and Upto ₹20 per executed order | 0.05% of turnover or ₹10 whichever is lower |
Currency Futures | Minimum ₹6 and Upto ₹20 per executed order | 0.05% of turnover or ₹10 whichever is lower |
Currency Options | Minimum ₹6 and Upto ₹20 per executed order | 0.05% of turnover or ₹10 whichever is lower |
Commodity Options | N/A | 0.05% of turnover or ₹10 whichever is lower |
Mutual Fund | N/A | N/A |
Segment | Interactive Brokers | Paytm Money |
---|---|---|
Equity Delivery | N/A | Upto 4x |
Equity Intraday | N/A | Upto 20x |
Equity Future | N/A | Upto 3x |
Equity Options | N/A | Upto 5x |
Currency Future | N/A | Upto 2x |
Currency Options | N/A | Upto 3x |
Commodity Future | N/A | Upto 3x |
Commodity Options | N/A | N/A |
Interactive Brokers | Paytm Money |
---|---|
No data |