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ICICIDirect Vs Paytm Money: Which one is better?

Both the brokers are registered with SEBI. ICICIDirect offers investmenet in Equity, F&O, Currency and Commodities, where Paytm Money offers investment in Equity, F&O and Currency only. The brokerage of ICICIDirect Max Rs. 20 per trade while the brokerage of Paytm Money ranges between Rs 20. ICICIDirect is a Full Service Broker where Paytm Money is a Discount Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for ICICIDirect is 18,75,186 where number of active customer for Paytm Money is 8,01,809. ICICIDirect is serving more customer compare to Paytm Money.

Here we present side-by-side comparison of ICICIDirect vs Paytm Money share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared ICICIDirect vs Paytm Money's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of ICICIDirect vs Paytm Money share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared ICICIDirect vs Paytm Money's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare ICICIDirect vs Paytm Money on Service

  ICICIDirect Compare
ICICIDirect
Paytm Money Compare
Paytm Money
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE
Active Clients 18,75,186 8,01,809
Broker Overview ICICIDirect is one of the top-rated full-service stock brokers serving an active clientele base of above 30 lakh. Its multiple trading & investing products, Rs. 20 NEO flat discount brokerage plan, reliable research and advisory, and advanced tec... Know more about ICICIDirect In a short span of time since 2017, Paytm Money became one of the fastest-growing brokers with its Rs. 20 maximum brokerage trading fee, and commission-free mutual fund investment on the simple, user-friendly, & transparent Paytm Money App & ...Know more about Paytm Money
Broker Enquiry Request call back from Zerodha Request call back from Paytm Money
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Account Opening Charges and AMC

Compare ICICIDirect vs Paytm Money on Trading & Demat Account Opening Charges

Comparison of ICICIDirect with Paytm Money on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Paytm Money offer Free AMC for Demat account where ICICIDirect charges Rs 300 per annum AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect with Paytm Money
Charges ICICIDirect Paytm Money
Trading Account Opening Fees Free Free
Trading AMC Free Rs 30 per month (Platform fees)
Demat Account Opening Fees Free Free
Demat AMC Rs 300 per annum Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs Paytm Money on Plan Options

Plans are the most important feature you look when compare ICICIDirect with Paytm Money. This section compare on high level about type of plans offered by brokers. Multiple Plans - ICICIDirect provide Multiple Plans where Paytm Money doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare ICICIDirect with Paytm Money on Plan Options
Plan Types ICICIDirect Paytm Money
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Paytm Money
Account Opening Request
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Brokerage Charges

Compare ICICIDirect vs Paytm Money on Brokerage Charges

ICICIDirect Brokerage Plan detail - ICICI Direct NEO is a flat brokerage plan that charges a flat fee of Rs. 20 per order on equity intraday, equity options, currency, and commodity derivative trading segment while offers free equity futures trading.

Paytm Money Brokerage Plan detail - Paytm Money offers a flat brokerage plan for trading in the equity segment whereas mutual fund investment with Paytm Money is absolutely free of cost. The brokerage house offers online trading at a maximum Rs 20 per order brokerage fee, while if you already have an active demat and trading account with Paytm Money before 26 August, you will still enjoy trading across segments at a maximum brokerage of Rs 15 per executed order.

Brokerage Charges - Compare ICICIDirect with Paytm Money
Brokerage Charges Compare ICICIDirect Paytm Money
Plan Name NEO Flat Discount Brokerage Plan Flat Brokerage Plan
Equity Delivery 0.55% 2.5% or Rs 20 whichever is lower
Equity Intraday Flat Rs. 20 per order 0.05% or Rs 20 whichever is lower
Equity Futures Free (Rs. 0 brokerage) 0.02% or Rs 20 whichever is lower
Equity Options Flat Rs. 20 per order Flat Fee Rs 20
Currency Futures Flat Rs. 20 per order NA
Currency Options Flat Rs. 20 per order NA
Commodity Trading Flat Rs. 20 per order NA
Minimum Brokerage Rs 35 per trade NIL
Hidden Charges Yes No
Funding Yes - 18% interest PA Info Not Available
Call & Trade Charges First 20 call free and Rs 25 there onwards. Rs 100/order +GST
Auto Square off Charges First 20 call free and Rs 25 there onwards. Rs 50/order + GST
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for Paytm Money
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Share Broker's Transaction Charges

Compare ICICIDirect vs Paytm Money on Transaction Charges

Compare ICICIDirect with Paytm Money on transaction charges and PCM fee by segment.

Transaction Charges - Compare ICICIDirect with Paytm Money
Transaction Charges Compare ICICIDirect Paytm Money
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA NA
Brokerage Charges Complete Brokerage Plans for icicidirect Complete Brokerage Plans for paytm-money
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Account Features

Compare ICICIDirect vs Paytm Money on Account Features

Compare ICICIDirect with Paytm Money on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - ICICIDirect offers 3-in-1 account where Paytm Money offers only 2-in-1 account which includes trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - ICICIDirect offers a margin funding where Paytm Money doesn't offers margin funding. NRI Trading - ICICIDirect offers NRI where Paytm Money doesn't offers NRI Trading.

Account Features - ICICIDirect with Paytm Money
Account Features Compare ICICIDirect Paytm Money
3 in 1 Account Yes, ICICIDirect have 3-in-1 accounts. Bank Account, Demat and Trading account. No ICICIDirect have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No No
SMS Alerts Yes No
Online Demo Yes No
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:15PM 3:10 PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare ICICIDirect vs Paytm Money on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect and Paytm Money. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare ICICIDirect with Paytm Money
Trading Platform Compare ICICIDirect Paytm Money
Desktop Trading Platform Trade Racer Paytm Money
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes No
Desktop Platform (Mac) Yes No
Web Trading Platform Yes Yes
Web Trading Detail https://www.icicidirect.com Paytm Money Web
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App ICICI direct Mobile Paytm Money App
Mobile Trading App Demo ICICI direct Mobile Demo Paytm Money App Demo
Android Mobile App Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod Paytm Money App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS ICICI direct Mobile Download iOS Paytm Money App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Rs. 30 per month
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for ICICIDirect Equity Intraday and Delivery Brokerage Calculator for Paytm Money
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for Paytm Money
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for Paytm Money
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for paytm-money

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Broker Ratings by Users

Compare ICICIDirect vs Paytm Money on User Rating

  ICICIDirect Paytm Money
  267 Customer Reviews    Rate ICICIDirect 5 Customer Reviews    Rate Paytm Money
Fees Ratings 2.4 3.2
Trading Brokerage Rating 1.8 3.8
Trading Platform Usability 3.3 3.0
Customer Service Ratings 2.9 3.0
Overall Ratings 2.5 3.4
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews Paytm Money is Rated 3.4 / 5 based on 5 customer reviews
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Investment Offerings

Compare ICICIDirect vs Paytm Money on Investment Offerings

Compare ICICIDirect with Paytm Money on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker don't offers Commodity Trading (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - ICICIDirect provide PMS Service where Paytm Money doesn't offer

Investment Offerings - Compare ICICIDirect with Paytm Money
Investment Offerings Compare ICICIDirect Paytm Money
Equity Cash and F&O Yes Yes
Currency Deravitives Yes No
Commodity No No
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking Yes No
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes Yes
PMS Service Yes No
Other Investment Options NIL NIL
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Order Types

Compare ICICIDirect vs Paytm Money on Order Types

Order Type - Compare ICICIDirect with Paytm Money on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Paytm Money provides Bracket Orders (BO) where ICICIDirect doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare ICICIDirect with Paytm Money
Order Type Compare ICICIDirect Paytm Money
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order No Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare ICICIDirect vs Paytm Money on Customer Service

Compare ICICIDirect with Paytm Money on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare ICICIDirect with Paytm Money
Customer Service Compare ICICIDirect Paytm Money
24/7 Customer Service ICICIDirect vs Paytm Money - 24x7 customer support No No
Email Support ICICIDirect vs Paytm Money - Email Support Yes Yes
Onine Live Chat ICICIDirect vs Paytm Money - Onine Live Chat No No
Phone Support ICICIDirect vs Paytm Money - Phone Support Yes No
Toll Free Number ICICIDirect vs Paytm Money - Toll Free Number No No
Through Branches ICICIDirect vs Paytm Money - Through Branches Yes No
Customer Care Number ICICIDirect vs Paytm Money - Customer Care Number 1860 123 1122 Info Not Available
Account Opening Process ICICIDirect vs Paytm Money - Account Opening Process Online Online/Paperless
Customer Support Email ICICIDirect vs Paytm Money - Customer Support Email [email protected] [email protected]
Knowledge Center/Education ICICIDirect vs Paytm Money - Knowledge Center/Education https://www.icicidirect.com/knowledge-center https://www.paytmmoney.com/care
Head Office Address ICICIDirect vs Paytm Money - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai - 400020
Paytm Money Stock Broking
Essae Vaishnavi Summit
Ground Floor, Koramangla,
80 Feet Road, Bengaluru - 560034
Website ICICIDirect vs Paytm Money - Company Website https://www.icicidirect.com https://www.paytmmoney.com/
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Tips/Research/Reports Published

Compare ICICIDirect vs Paytm Money on Research Reports, Tips

Compare ICICIDirect with Paytm Money on research reports and tips provided by the broker.

Research Reports - Compare ICICIDirect with Paytm Money
  ICICIDirect Paytm Money
Research Mutual Funds ICICIDirect vs Paytm Money - Research Mutual Funds Yes No
Research Equity Reports ICICIDirect vs Paytm Money - Research Equity Reports Yes No
Research ETF ICICIDirect vs Paytm Money - Research ETF Yes No
Daily Market Report ICICIDirect vs Paytm Money - Daily Market Report Yes No
Free Tips ICICIDirect vs Paytm Money - Free Tips Yes No
Quarterly Result Analysis ICICIDirect vs Paytm Money - Quarterly Results Yes No
News Alerts ICICIDirect vs Paytm Money - Yes No
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Demat Account

Compare ICICIDirect vs Paytm Money on Demat Account

Compare ICICIDirect with Paytm Money on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Paytm Money is Zero where for ICICIDirect is ₹700 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for ICICIDirect is 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) where for Paytm Money is ₹10 per ISIN.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare ICICIDirect with Paytm Money
  ICICIDirect Paytm Money
DP Source CDSL CDSL
DP ID ICICIDirect vs Paytm Money - DP ID 14300 12088800
Demat Account Annual Maintenance Charges(AMC) ₹700 pa Zero
Advance Deposit Rs. 7500/- , If the client is not having ICICI BANK Account Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) ₹10 per ISIN
Demat ₹50 per set up ₹250 per 100 shares
Remat ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹250 per 100 shares
Pledge Creation 0.02% (Min ₹35 and Max ₹25,000) ₹32 per ISIN
Pledge Creation Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Closure 0.02% (Min ₹35 and Max ₹25,000) ₹32 per ISIN
Pledge Closure Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Invocation 0.02% (Min ₹35 and Max ₹25,000) ₹32 per ISIN
Failed Instruction Charges ₹30 per transaction Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs Paytm Money on Special Offers and Promotion

Compare ICICIDirect with Paytm Money on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare ICICIDirect vs Paytm Money on Special Offers and Promotion
  ICICIDirect Paytm Money
Pay In and Pay Out Options ICICIDirect vs Paytm Money - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from ICICI Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time ICICIDirect vs Paytm Money - Payout Time Instant to ICICI Bank. Max 24 hrs except bank holidays
Bank Supported and Charges ICICIDirect vs Paytm Money - Bank Supported and Charges Info Not Available Paytm Money allows 190+ Banks.
Bank Detail Direct from your ICICI bank account. Info Not Available
Likes
  • 100% digital and paperless 3-in-1 account opening facility.
  • Trade on the BSE, NSE, MCX, and invest in other products.
  • Multiple brokerage plans for residents and NRI trading.
  • All kinds of trading platforms across web, app, and desktop versions.
  • Invest in mutual funds for free with ICICIdirect Money App.
  • Expert research calls and recommendations.
  • Sell stocks and get cash instantly with the e-ATM facility.
  • Advanced orders like bracket order, cover order, after market order, and basket order.
  • Place Valid Till Cancelled (VTC) order, valid for 45 days.
  • Informative articles, blogs, videos, learn hub, and Investonomics learning platform for beginners.
  • Margin funding
  • Loans on securities.
  • Dedicated customer services.

Detail Review...

  • 100% paperless KYC process
  • No annual maintenance charges on Demat Account
  • Free account opening at no cost
  • Brokerage-free investment in direct mutual funds
  • Transparent pricing model of Rs 20 brokerage
  • One-tap investment in IPO
  • User-friendly platforms with ease of investment
  • Swift and secure UPI payment
  • Bracket order, cover order, GTT order, and OCO order

Detail Review...

Dislikes
  • High brokerage charges.
  • The broker levies a minimum brokerage fee, which varies across brokerage plans.
  • NEO flat discount brokerage plan (Rs. 20) charges a one-time subscription fee of Rs. 299.
  • Mutual fund investment with ICICIDirect is not free, as it charges a lower of Rs. 30 or 1.5% on SIP transaction and Rs. 100 fees on lumpsum investment.

Detail Review...

  • No commodity and currency trading
  • Does not offer NRI trading
  • Its platform are not free of cost.
  • No 3-in-1 account opening facility.
  • Does not offer Rs 0 brokerage unlimited monthly trading plans.
  • Delivery trading is not free
  • No trading terminal offered
  • No branch or customer support
  • High call & trade charge

Detail Review...

Special Offers/Promo Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.
Enquiry Open Zerodha Account Now>> Open Paytm Money Account Now>>

Last Updated on 2023-09-14T04:34:26+00:00