Paytm has established itself in the Indian market quite well, and many people depend on it for online transactions. However, Paytm Money is an extension of Paytm, which has earned its fame as one of the largest discount brokerage firms based in Bengaluru.
They have launched various products and trading platforms with a discount broking facility for their clients. Our Paytm Money review would talk about the brokerage charges, features, and much more to give you a clear idea about this company and if it’s the right fit for you.
Paytm Money Brokerage Charges
Paytm Money charges a fixed brokerage amount for Intraday trading. Here’s a detailed plan of their payment model.
| Segment | Charges |
| Equity Delivery | Free |
| Equity Intraday | Rs. 10 per order or 0.05%, whichever is lower |
| Equity Futures | Rs. 10 per order |
| Equity Options | Rs. 10 per order |
| Currency Futures | NA |
| Currency Options | NA |
| Commodity | NA |
| Minimum Brokerage | Rs. 10 per order or 0.02%, whichever is lower |
| Demat AMC Charges | Free |
| Trading AMC Charges | Free |
| Margin Money | 75% margin |
If you have noticed, Paytm Money offers the lowest Demat trading charges, unlike other brokerage platforms.
For a better understanding of the brokerage charges
- Paytm Money doesn’t charge anything for trades wherein you’re not buying and selling on the same day.
- For Intraday trading/online trade, if you’re buying and selling on the same day, the maximum amount you’d have to pay is Rs. 10 per order. It depends on your trade value/shares, though.
- Segment Futures and Segment Intraday have the same charges.
- Options brokerage charges Rs. 10 per trade, irrespective of the trade value.
- It doesn’t require a marginal amount for trading, and you can also maintain the amount at zero.
Other Paytm Charges
Apart from the brokerage charges mentioned above, a few extra charges are levied on the trades. Here’s a comprehensive list of the same.
| SEBI Turnover Charges | 0.00005% (₹5/Crore) |
| STT | Equity Delivery: 0.1% on Buying and SellingEquity Intraday: 0.025% on SellingEquity Futures: 0.01% on Sell SideEquity Options: 0.05% on Selling (Premium plan)Commodity Futures: 0.01% on Sell Side (Non-Agri)Commodity Options: 0.05% on SellingCurrency F&O: No STTExercise transaction: 0.125%Right to entitlement: 0.05% on Sell Side |
| Stamp Duty | (Buy side) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) |
| GST | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
| Margin Funding Charges | 75% Margin |
| Reactivation Charges | Rs 20/instruction |
| Account Closure Charges | Rs 30/instruction |
| Dematerialisation Charges | Rs 250 per 100 shares + Depository charges |
| Pledge Creation | Rs 10 per ISIN |
| Pledge Invocation | Rs 10 per ISIN |
| Margin Pledge/Unpledge/ Pledge closure | Rs 10 per ISIN |
| Margin Repledge | Rs 10 per ISIN |
Money Trading in India can only be done with INR, and cross-currency transactions aren’t permitted. However, STT is not applicable in the currency segment, and these charges don’t affect the trade’s profit or loss.
Demat Account Opening Charges
- Paytm Money account opening charges are Rs. 200
- The trading AMC and Demat AMC per annum is Rs. 0
- Broking house doesn’t require a margin and uses CDSL & NSDL depository service.
Pros
There are multiple reasons you should choose Paytm Money for trading purposes; however, here are a few.
- The two-factor authentication system keeps your details secure.
- Low brokerage charges for Intraday trading as well as F&O
- Offers investment advice and an in-house brokerage calculator
- Zero maintenance charges
- Provides 3-in-1 account
- No charges on trading calls
- Free tips regarding stock trading
- Offline representatives are available for advice.
- Easy to understand P&L, trade book, ledger statements, etc.
- F&O dashboard features like Heatmap Greeks, Option Chain, etc.
What are the disadvantages of Paytm Money?
This Paytm Money review won’t just discuss the benefits but also the drawbacks. So here are a few areas where Paytm Money still lacks.
- No offline services
- NRI Trading account isn’t available
- Trading in commodities or currencies isn’t an option.
- Charges an annual fee of Rs. 300
- It doesn’t offer elaborate research and advisory.
- Paytm Money doesn’t recommend which funds to invest in
- Glitches in the Android app.
- No customer care number
- No going back if you skip your SIP
- Portfolio isn’t updated on a regular basis
Paytm Money Products
Products refer to the segment where you can invest your money, so when it comes to Paytm Money, here are all the segments you can invest in
- Equity
- Futures
- Options
Unfortunately, this platform doesn’t allow investment in commodity trading, currency trading, forex, and insurance. However, customers can invest in SIP and Mutual Funds.
Paytm Money Trading Platforms
There are two trading platforms for you to choose from:
- Paytm Web Trading Platform
- Paytm Money Mobile App
1. Paytm Web Trading Platform: Money Trader Terminal
This famous trading application offers various features, such as market analyses and trading information. Let’s talk about its characteristics in detail.
- It offers live market data/streaming quotes that help analyze market trends.
- The Daily Price Range (DPR) or Average Traded Price (ATP) guides you in deciding.
- Its 2-level security detail keeps your details safe and secure. Customers can also look at the Last Traded Price, total volume, offer rate, bid rate, and so on.
- Advanced charts are available for customers’ fundamental evaluation.
- It offers graphs illustrating patterns for one month, three months, six months, one year, two years, five years, and more.
- You can transfer funds to ICICI, HDFC, UTI, Yes Bank, SBI, Axis, etc.
- It also offers 14 Technical Trading Price and volume indicators.
2. Paytm Money Mobile App
The other platform under Paytm Money is its mobile app. It has numerous features, and some of them are:
- It’s compatible with both Android and iOS
- Trading in Equity, Currency, Derivatives, and commodity becomes easier
- The eSign facility helps in buying stocks
- It offers a portfolio that effectively organizes your shares and holdings, and you can view them anytime.
If you’re interested in Mutual Funds investment, this app also offers this feature. Here’s everything you should know about it.
- You can open a “Paytm Money Investment” account using your registered Paytm mobile number or email id.
- Mutual Funds Direct Scheme offers 1% higher returns
- You can track real-time investments and market trends
- You can earn 3.5% per annum of interest with other perks, such as quick withdrawal with no penalty.
Faqs
If we talk about the stock broker charges, they are the same across all domains. However, delivery-based trading costs nothing, and intraday investment charges Rs. 10 per trade.
Yes, Paytm Money does have a trading app, which makes it easier to place orders on the go. It has made the trading system much more efficient and easy to use. iOS and Android users can both download this app.
Since this platform is only available online, customer care support is also online, and it doesn’t offer the option of an offline connection. You can rely on stock brokers to provide advice regarding investments.
Conclusion
Paytm Money is fast becoming a massive platform for traders and offering various features and facilities to users. Compared with other competing brokerage companies, Paytm Money is far better in terms of brokerage charges and more.
We hope that our Paytm Money review gave you insight into understanding this brokerage platform and guided you towards making a wise decision. It’s always good to check out various options and then choose the one that suits you the most. However, we highly recommend Paytm Money as a trading platform.