Interactive Brokers vs Paytm Money Comparison: 2024

About Interactive Brokers

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: An Overview

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

About Paytm Money

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: An Overview

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

Interactive Brokers vs Paytm Money Account Opening Charges: 2024

ChargeInteractive BrokersPaytm Money
Demat Account Opening Charges₹0₹0 (Free)
Trading Acc Opening Charges₹0Rs. 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

Interactive Brokers vs Paytm Money Brokerage Charges and Plans : 2024

ChargeInteractive BrokersPaytm Money
Plan NameN/ABasic Plan
Equity DeliveryMinimum ₹6 and Upto ₹20 per executed order₹0
Equity IntradayMinimum ₹6 and Upto ₹20 per executed order0.05% of turnover or ₹10 whichever is lower
Equity FuturesMinimum ₹6 and Upto ₹20 per executed order0.05% of turnover or ₹10 whichever is lower
Equity OptionsMinimum ₹6 and Upto ₹20 per executed order0.05% of turnover or ₹10 whichever is lower
Currency FuturesMinimum ₹6 and Upto ₹20 per executed order0.05% of turnover or ₹10 whichever is lower
Currency OptionsMinimum ₹6 and Upto ₹20 per executed order0.05% of turnover or ₹10 whichever is lower
Commodity OptionsN/A0.05% of turnover or ₹10 whichever is lower
Mutual FundN/AN/A

Interactive Brokers vs Paytm Money Margin / Exposure: 2024

SegmentInteractive BrokersPaytm Money
Equity DeliveryN/AUpto 4x
Equity IntradayN/AUpto 20x
Equity FutureN/AUpto 3x
Equity OptionsN/AUpto 5x
Currency FutureN/AUpto 2x
Currency OptionsN/AUpto 3x
Commodity FutureN/AUpto 3x
Commodity OptionsN/AN/A

Interactive Brokers vs Paytm Money Currency Charges and Plans: 2024

Interactive Brokers charge Minimum ₹6 and Upto ₹20 per executed order for Currency Futures and Minimum ₹6 and Upto ₹20 per executed order for Currency Options whereas Paytm Money Charges 0.05% of turnover or ₹10 whichever is lower for Currency futures and 0.05% of turnover or ₹10 whichever is lower for Currency options.
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