Upstox vs Paytm Money Comparison: 2024

About Upstox

Upstox, another name to be included in the list of fastest growing discount brokers in India. We wonder, how much longer the list of stock brokers in India will eventually get. Every other day you hear a lot of new entrants, or existing players modifying their strategies to survive and succeed in the stock broking world.

Uptstox, formerly known as RKSV Securites, is one of the biggest discount brokers in India, funded by the likes of  Ratan Tata, Kalaari Capital and GVK Davix, making the firm a dependable and safe broker for all of your investment and trading needs. Based out of Mumbai, Upstox is a wide-range broker. This stock broking platform offers a huge range of trading products and services.

Using Upstox has huge advantages, especially for traders, given its plans and cheap brokerage despite volume. Also, Upstox also offers one of the quickest trading terminals, which, any trader could tell

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

Upstox vs Paytm Money Account Opening Charges: 2024

ChargeUpstoxPaytm Money
Demat Account Opening Charges₹0₹0 (Free)
Trading Acc Opening Charges₹249Rs. 200 (One time Digital KYC) + Rs. 300 Account Opening Charges
Trading Account AMC₹0₹0 (Free)
Demat Account AMC₹300 per year (paid monthly)Annual Platform Fees of Rs.300

Upstox vs Paytm Money Brokerage Charges and Plans : 2024

ChargeUpstoxPaytm Money
Plan NameBasicBasic Plan
Equity Delivery₹0 (FREE)₹0
Equity Intraday₹20 per trade or 0.05% (whichever is lower)0.05% of turnover or ₹10 whichever is lower
Equity Futures₹20 per trade or 0.05% (whichever is lower)0.05% of turnover or ₹10 whichever is lower
Equity Options₹20 per trade or 0.05% (whichever is lower)0.05% of turnover or ₹10 whichever is lower
Currency Futures₹20 per trade or 0.05% (whichever is lower)0.05% of turnover or ₹10 whichever is lower
Currency Options₹20 per trade or 0.05% (whichever is lower)0.05% of turnover or ₹10 whichever is lower
Commodity Options₹20 per trade or 0.05% (whichever is lower)0.05% of turnover or ₹10 whichever is lower
Mutual FundN/AN/A

Upstox vs Paytm Money Margin / Exposure: 2024

SegmentUpstoxPaytm Money
Equity Delivery1x (no margin)Upto 4x
Equity IntradayBasic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27xUpto 20x
Equity FutureBasic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6xUpto 3x
Equity OptionsBasic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3xUpto 5x
Currency FutureBasic:4x | Priority:4x | Basic CO:4x | Priority CO:5xUpto 2x
Currency OptionsBasic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5xUpto 3x
Commodity FutureBasic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4xUpto 3x
Commodity OptionsN/AN/A

Upstox vs Paytm Money Currency Charges and Plans: 2024

Upstox charge ₹20 per trade or 0.05% (whichever is lower) for Currency Futures and ₹20 per trade or 0.05% (whichever is lower) 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.

Upstox vs Paytm Money Commodity Charges and Plans: 2024

Upstox charge ₹20 per trade or 0.05% (whichever is lower) for commodity and Paytm Money charge 0.05% of turnover or ₹10 whichever is lower for commodity.
Ask your questions here

Frequently Asked Questions or FAQs

With every stockbroker, there are some advantages and disadvantages. The cons of Upstox are plenty but covers up through its advantages. However, its disadvantages are that the trade and call feature is charged 20 rupees, IPO & FPO investment opportunities are not available, under the delivery segment, GTC & GTD orders aren’t supported, etc.

With every stock broker, including the likes of Paytm Money, some disadvantages might be a trade-off in choosing them. These include the unavailability of trading with currency and commodities, trading in futures is still not available, the trading platform isn't robust, etc.

There are plenty of advantages in choosing Paytm Money to open a Demat account and trading account with the stock broker. Some of the advantages include robust trading applications with web integration, 190+ banks supported for an easy transaction, net banking facilities, a low brokerage fee of 20 rupees, etc.

Upstox is a great discount stock broker that provides excellent features at a lower cost. Some of the benefits of using Upstox are margin against shares, free equity delivery, ultra-low brokerage, bracket order, and cover order availability, mutual without any commission fee, excellent trading platforms, and more.

Other Comparisons of Upstox and Paytm Money

UpstoxPaytm Money
Upstox vs 5paisaPaytm Money vs 5paisa
Upstox vs StoxkartPaytm Money vs Stoxkart
Upstox vs SBIcap SecuritiesPaytm Money vs SBIcap Securities
Upstox vs HDFC SecuritiesPaytm Money vs HDFC Securities
Upstox vs ICICI DirectPaytm Money vs ICICI Direct
Upstox vs Master TrustPaytm Money vs Master Trust
Upstox vs Trading BellsPaytm Money vs Trading Bells
Upstox vs ProStocksPaytm Money vs ProStocks
Upstox vs Reliance SecuritiesPaytm Money vs Reliance Securities
Upstox vs EdelweissPaytm Money vs Edelweiss
Upstox vs FyersPaytm Money vs Fyers
Upstox vs Prabhudas LilladherPaytm Money vs Prabhudas Lilladher
Upstox vs AxisDirectPaytm Money vs AxisDirect
Upstox vs Yes SecuritiesPaytm Money vs Yes Securities
Upstox vs Angel BrokingPaytm Money vs Angel Broking
Upstox vs Wisdom CapitalPaytm Money vs Wisdom Capital
Upstox vs GrowwPaytm Money vs Groww
Upstox vs Anand RathiPaytm Money vs Anand Rathi
Upstox vs Ventura SecuritiesPaytm Money vs Ventura Securities
Upstox vs Motilal OswalPaytm Money vs Motilal Oswal
Upstox vs IndiabullsPaytm Money vs Indiabulls
Upstox vs FinvasiaPaytm Money vs Finvasia
Upstox vs IIFL SecuritiesPaytm Money vs IIFL Securities
Upstox vs Trade Smart OnlinePaytm Money vs Trade Smart Online
Upstox vs Alice BluePaytm Money vs Alice Blue
Upstox vs Karvy Stock Broking Ltd.Paytm Money vs Karvy Stock Broking Ltd.
Upstox vs IDBI DirectPaytm Money vs IDBI Direct
Upstox vs Nirmal BangPaytm Money vs Nirmal Bang
Upstox vs Marwadi SharesPaytm Money vs Marwadi Shares
Upstox vs SharekhanPaytm Money vs Sharekhan
Upstox vs Kotak SecuritiesPaytm Money vs Kotak Securities
Upstox vs SAMCOPaytm Money vs SAMCO
Upstox vs ZerodhaPaytm Money vs Zerodha