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ICICIDirect Vs Groww Vs Paytm Money: Which one is better?

The brokerage of ICICIDirect ranges between Rs. 20, the brokerage of Groww ranges between Rs 20, while the brokerage of Paytm Money ranges between Rs 20. The broker Groww and Paytm Money are a discount brokers where ICICIDirect is a full service broker. Overall rating for ICICIDirect is 4, Groww is rated 4, Paytm Money is rated 4 out of 5.

Here we present side-by-side comparison of ICICIDirect vs Groww vs Paytm Money stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared ICICIDirect vs Groww vs Paytm Money on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better ICICIDirect vs Groww vs Paytm Money in this setion with 360 degree view of broker information.

Compare ICICIDirect vs Groww vs Paytm Money on Service

  ICICIDirect Compare
ICICIDirect
Groww Compare
Groww
Paytm Money Compare
Paytm Money
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Full Service Broker Discount Broker Discount Broker
Exchanges Supported NSE, BSE, MCX NSE, BSE NSE, BSE
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 Groww is the top broker for beginners to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee! Also, its easy-to-use, crystal clear user interface, and safe & secure Groww app and web-based platform makes investing hassl...Know more about Groww 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 Zerodha Request call back from Paytm Money
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Account Opening Charges and AMC

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

In this section we have compared ICICIDirect vs Groww vs Paytm Money on trading & demat account opening charges and AMC. Trading account opening charges - All 3 brokers offers Free Trading account opening. Demat AMC charges - ICICIDirect charges Rs 300 per annum as AMC for Demat account, Groww charges Free AMC for Demat account, where Paytm Money charges Free AMC for Demat account.

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

Compare ICICIDirect vs Groww vs Paytm Money on Plan Options

Plans are the most important feature you look when compare ICICIDirect vs Groww vs Paytm Money. This section copare on high level about type of plans offered by brokers. Miltiple Plans - ICICIDirect offers Multiple Plans where Groww and Paytm Money doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.

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

Account Opening

  Zerodha Zerodha Paytm Money
Account Opening Request
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Brokerage Charges

Compare ICICIDirect vs Groww vs Paytm Moneyon 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.

Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery 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 vs Groww vs Paytm Money
Brokerage Charges Compare ICICIDirect Groww Paytm Money
Plan Name NEO Flat Discount Brokerage Plan Flat Brokerage Plan Flat Brokerage Plan
Equity Delivery 0.55% 0.05% or Rs 20 whichever is lower 2.5% or Rs 20 whichever is lower
Equity Intraday Flat Rs. 20 per order 0.05% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Futures Free (Rs. 0 brokerage) Flat Fee Rs 20 0.02% or Rs 20 whichever is lower
Equity Options Flat Rs. 20 per order Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures Flat Rs. 20 per order Not Available NA
Currency Options Flat Rs. 20 per order Not Available NA
Commodity Trading Flat Rs. 20 per order Not Available NA
Minimum Brokerage Rs 35 per trade
Hidden Charges Yes Info Not Available
Funding Yes - 18% interest PA Info Not Available NA
Call & Trade Charges First 20 call free and Rs 25 there onwards. Rs 50 Per Executable Order Rs 100/order +GST
Auto Square off Charges First 20 call free and Rs 25 there onwards. Rs 50 Per Executable Order Rs 50/order + GST
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for Groww Brokerage Calculator for Paytm Money
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Share Broker's Transaction Charges

Compare ICICIDirect vs Groww vs Paytm Money on Transaction Charges

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

Transaction Charges - Compare ICICIDirect vs Groww vs Paytm Money
Transaction Charges Compare ICICIDirect Groww Paytm Money
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr 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 NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE 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 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 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 NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA NA NA
Brokerage Charges Complete Brokerage Plans for icicidirect Complete Brokerage Plans for groww Complete Brokerage Plans for paytm-money
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Account Features

Compare ICICIDirect vs Groww vs Paytm Money on Account Features

Compare ICICIDirect vs Groww vs 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 Groww and Paytm Money offers only 2-in-1 account which includes trading and demat account. Margin Funding - ICICIDirect and Groww offers margin funding where Paytm Money doesn't offers margin funding. NRI Trading - ICICIDirect offers NRI Trading where Groww and Paytm Money doesn't offers NRI Trading.

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

Compare ICICIDirect vs Groww vs Paytm Moneyon Trading Platform

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

Trading Platform - Compare ICICIDirect vs Groww vs Paytm Money
Trading Platform Compare ICICIDirect Groww Paytm Money
Desktop Trading Platform Trade Racer Groww App Paytm Money
Desktop Demo Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes No No
Desktop Platform (Mac) Yes No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://www.icicidirect.com

Yes

Paytm Money Web

Web Trading Demo Web Trading Demo Info Not Available Web Trading Demo
Mobile Site Yes Yes Yes
Mobile Trading Yes Yes Yes
Mobile Trading App ICICI direct Mobile Groww App Paytm Money App
Mobile Trading App Demo ICICI direct Mobile Demo Info Not Available Paytm Money App Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod Groww App Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS ICICI direct Mobile Download iOS Groww App Download iOS Paytm Money App Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Free Free Rs. 30 per month
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for ICICIDirect Equity Intraday and Delivery Brokerage Calculator for Groww Equity Intraday and Delivery Brokerage Calculator for Paytm Money
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for Groww Futures Brokerage Calculator for Paytm Money
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for Groww Options Brokerage Calculator for Paytm Money
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for groww Detail on Trading Platforms for paytm-money

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Broker Ratings by Users

Compare ICICIDirect vs Groww vs Paytm Money on User Rating

  ICICIDirect Groww Paytm Money
  267 Customer Reviews    Rate ICICIDirect 8 Customer Reviews    Rate Groww 6 Customer Reviews    Rate Paytm Money
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews Groww is Rated 4.3 / 5 based on 8 customer reviews Paytm Money is Rated 3.0 / 5 based on 6 customer reviews
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Investment Offerings

Compare ICICIDirect vs Groww vs Paytm Money on Investment Offerings

Compare ICICIDirect vs Groww vs 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 - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - All 3 brokers doesn't offer Commodity Trading facility. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - ICICIDirect offers PMS facility where Groww and Paytm Money doesn't offers PMS facility.

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

Compare ICICIDirect vs Groww vs Paytm Money on Order Types

Order Type - Compare ICICIDirect vs Groww vs Paytm Money on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - ICICIDirect and Paytm Money provides Cover Orders (CO) facility where Groww doesn't provides Cover Orders. Bracket Orders (BO) - Paytm Money provides Bracket Orders (BO) facility where ICICIDirect and Groww doesn't provides Bracket Orders. After Market Orders (AMO) - ICICIDirect and Paytm Money AMO facility where Groww doesn't provides AMO. GTC Orders - ICICIDirect and Paytm Money offers Good Till Cancelled (GTC) orders facility where Groww doesn't provides GTC.

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

Compare ICICIDirect vs Groww vs Paytm Money on Customer Service

Compare ICICIDirect vs Groww vs Paytm Money on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare ICICIDirect vs Groww vs Paytm Money
Customer Service Compare ICICIDirect Groww Paytm Money
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat No Yes No
Phone Support Yes Yes No
Toll Free Number No No No
Through Branches Yes No No
Customer Care Number 1860 123 1122 9108800604 NA
Account Opening Process Online Online Online/Paperless
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://www.icicidirect.com/knowledge-center https://groww.in/academy https://www.paytmmoney.com/care
Head Office Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai - 400020
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Paytm Money Stock Broking
Essae Vaishnavi Summit
Ground Floor, Koramangla,
80 Feet Road, Bengaluru - 560034
Website https://www.icicidirect.com https://groww.in/ https://www.paytmmoney.com/
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Tips/Research/Reports Published

Compare ICICIDirect vs Groww vs Paytm Money on Research Reports, Tips

Compare ICICIDirect vs Groww vs Paytm Money on research reports and tips provided by broker.

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

Compare ICICIDirect vs Groww vs Paytm Money on Demat Account

Compare ICICIDirect vs Groww vs Paytm Money on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare ICICIDirect vs Groww vs Paytm Money
  ICICIDirect Groww Paytm Money
DP Source CDSL CDSL CDSL
DP ID 14300 No 12088800
Demat Account Annual Maintenance Charges(AMC) ₹700 pa Zero Zero
Advance Deposit Rs. 7500/- , If the client is not having ICICI BANK Account Nil Nil
Statutory charges Nil Legal Charges Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) ₹8 + ₹5.50 CDSL charges ₹10 per ISIN
Demat ₹50 per set up ₹150 per certificate + courier charges ₹250 per 100 shares
Remat ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹150 per certificate + courier charges ₹250 per 100 shares
Pledge Creation 0.02% (Min ₹35 and Max ₹25,000) ₹20 + Rs. 12 per request (CDSL Charges) ₹32 per ISIN
Pledge Creation Confirmation 0.02% (Min ₹35 and Max ₹25,000) ₹20 + Rs. 12 per request (CDSL Charges) Nil
Pledge Closure 0.02% (Min ₹35 and Max ₹25,000) ₹20 + Rs. 12 per request (CDSL Charges) ₹32 per ISIN
Pledge Closure Confirmation 0.02% (Min ₹35 and Max ₹25,000) ₹20 + Rs. 12 per request (CDSL Charges) Nil
Pledge Invocation 0.02% (Min ₹35 and Max ₹25,000) ₹20 + Rs. 12 per request (CDSL Charges) ₹32 per ISIN
Failed Instruction Charges ₹30 per transaction ₹50 Nil
Other Charges Nil Nil Nil
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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs Groww vs Paytm Money on Special Offers and Promotion

Compare ICICIDirect vs Groww vs Paytm Money on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare ICICIDirect vs Groww vs Paytm Money on Special Offers and Promotion
  ICICIDirect Groww 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 from Goww
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 Instant to ICICI Bank. Max 24 hrs except bank holidays Max 24 hrs except bank holidays
Bank Supported and Charges Info Not Available Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform. Paytm Money allows 190+ Banks.
Bank Detail Direct from your ICICI bank account. Info Not Available NA
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...

  • Trade or invest in equity, F&O, mutual funds, IPO, US Stocks
  • Rs 0 account opening fee with no AMC
  • Best UI Interface-enabled app and website
  • Equity and F&O trading at Rs 20 maximum brokerage
  • No cost investment in direct mutual funds.
  • TradingView charts and wide range of technical indicators
  • Advance orders like GTT, Target order, and Basket order
  • Get instant and flexible loans on Groww
  • Get the latest trending news and updates on the Groww Digest

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...

  • Does not offer commodity and currency trading
  • No desktop trading terminal
  • Bracket order and cover order are not available
  • No intraday trading tips and stock research reports
  • NRIs cannot open an account in Groww

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.
Enquire for ICICIDirect Enquire for Groww Enquire for Paytm Money

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