Tradingbells is an online discount brokerage firm, founded in the year of 2016, headquarter is in Indore, Madhya Pradesh. It is popular for its creative ideas, product and services which provides effortless trading experience to the investors. The firm has a presence in 80 different cities and 16 states throughout the nation.
A franchie of India Infoline (IIFL Securities Ltd.), the brokerage structure of a broking house is very simple and easy to understand. It provides customer assistance through phone, live chats, emails, branches and online feedback. Apart from this their referral program gives a chance to earn 10% of the brokerage generated by your first ten friends and 20% on beyond 10 friends. Tradingbells also offer free trades on their clients' birthdays (Terms & Conditions applied).
With the membership of NSE, BSE, MCX-SX & NCDEX, ICEX, Tradingbells offers a broad variety of investment products including equities,
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 | Trading Bells | Paytm Money |
---|---|---|
Demat Account Opening Charges | ₹150 | ₹0 (Free) |
Trading Acc Opening Charges | ₹ 300 | Rs. 200 (One time Digital KYC) + Rs. 300 Account Opening Charges |
Trading Account AMC | ₹ 0 | ₹0 (Free) |
Demat Account AMC | ₹300 | Annual Platform Fees of Rs.300 |
Charge | Trading Bells | Paytm Money |
---|---|---|
Plan Name | N/A | Basic Plan |
Equity Delivery | ₹ 0 | ₹0 |
Equity Intraday | ₹ 20 per executed order | 0.05% of turnover or ₹10 whichever is lower |
Equity Futures | ₹ 20 per executed order | 0.05% of turnover or ₹10 whichever is lower |
Equity Options | ₹ 20 per executed order | 0.05% of turnover or ₹10 whichever is lower |
Currency Futures | ₹ 20 per executed order | 0.05% of turnover or ₹10 whichever is lower |
Currency Options | ₹ 20 per executed order | 0.05% of turnover or ₹10 whichever is lower |
Commodity Options | ₹ 20 per executed order | 0.05% of turnover or ₹10 whichever is lower |
Mutual Fund | N/A | N/A |
Segment | Trading Bells | Paytm Money |
---|---|---|
Equity Delivery | 1x | Upto 4x |
Equity Intraday | Up to 10x for Most Scrips | Upto 20x |
Equity Future | Intraday: 3x | Carry: 1x | Upto 3x |
Equity Options | 1x | Upto 5x |
Currency Future | Intraday: 3x | Carry: 1x | Upto 2x |
Currency Options | Intraday: 3x | Carry: 1x | Upto 3x |
Commodity Future | Intraday: 3x | Carry: 1x | Upto 3x |
Commodity Options | N/A | N/A |