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Paytm Money Vs ProStocks Vs AxisDirect: Which one is better?

The brokerage of Paytm Money ranges between Rs 20, the brokerage of ProStocks ranges between Rs 15, while the brokerage of AxisDirect ranges between 0.05% to 0.5%. The broker Paytm Money and ProStocks are a discount brokers where AxisDirect is a full service broker. Overall rating for Paytm Money is 4, ProStocks is rated 4, AxisDirect is rated 3.5 out of 5.

Here we present side-by-side comparison of Paytm Money vs ProStocks vs AxisDirect stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Paytm Money vs ProStocks vs AxisDirect 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 Paytm Money vs ProStocks vs AxisDirect in this setion with 360 degree view of broker information.

Compare Paytm Money vs ProStocks vs AxisDirect on Service

  Paytm Money Compare
Paytm Money
ProStocks Compare
ProStocks
AxisDirect Compare
AxisDirect
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Discount Broker Discount Broker Full Service Broker
Exchanges Supported NSE, BSE NSE, BSE NSE, BSE
Broker Overview 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 Best discount broker for high-volume active traders as well as everyday investors. Zero brokerage monthly trading plans at just Rs. 899 (equity and equity derivatives), Rs. 499 (currency trading), and ultra-fast ProStocks Desktop terminal makes it an...Know more about ProStocks Axis Direct is a leading player in the retail broking space. The 3-in-1 account with Axis Direct is a single platform to trade in different asset classes, access innovative Ring powerful-technology trading platform, quality research calls & advis... Know more about AxisDirect
Broker Enquiry Request call back from Paytm Money Request call back from ProStocks Request call back from Zerodha
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Account Opening Charges and AMC

Compare Paytm Money vs ProStocks vs AxisDirect on Trading & Demat Account Opening Charges

In this section we have compared Paytm Money vs ProStocks vs AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - Paytm Money and ProStocks offer Free account opening where AxisDirect charges Rs 999 for account opeing. Demat AMC charges - Paytm Money charges Free as AMC for Demat account, ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account, where AxisDirect charges Rs 750 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Paytm Money vs ProStocks vs AxisDirect
Charges Paytm Money ProStocks AxisDirect
Trading Account Opening Fees Free Free Rs 999
Trading AMC Rs 30 per month (Platform fees) Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Free Rs 0 (Rs 1000 Refundable Deposit) Rs 750 PA (Free for 1st year)
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare Paytm Money vs ProStocks vs AxisDirect on Plan Options

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

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

Account Opening

  Paytm Money ProStocks Zerodha
Account Opening Request
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Brokerage Charges

Compare Paytm Money vs ProStocks vs AxisDirecton Brokerage Charges

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.

ProStocks Brokerage Plan detail - Free Delivery Trading, Rs 15, per trade-in any other segment, fix price, no worries of volume and size of a trade. NO PCM FEE.

AxisDirect Brokerage Plan detail - Axis Direct has a fixed % based brokerage plan that charge a fixed brokerage fee on trading across segments.

Brokerage Charges - Compare Paytm Money vs ProStocks vs AxisDirect
Brokerage Charges Compare Paytm Money ProStocks AxisDirect
Plan Name Flat Brokerage Plan Flat Fee Rs 15 Trading Plan Fixed Brokerage Trading Plan (Percentage Based)
Equity Delivery 2.5% or Rs 20 whichever is lower Free 0.50% (Each leg)
Equity Intraday 0.05% or Rs 20 whichever is lower Flat Fee Rs 15 0.05% (Each leg)
Equity Futures 0.02% or Rs 20 whichever is lower Flat Fee Rs 15 0.05% (Each leg)
Equity Options Flat Fee Rs 20 Flat Fee Rs 15 Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures NA Flat Fee Rs 15 0.05% (Each Leg)
Currency Options NA Flat Fee Rs 15 Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p
Commodity Trading NA NA Futures: 0.03% (Each leg)| Options: Rs. 50 per lot
Minimum Brokerage NA
Hidden Charges No No
Funding Info Not Available No Yes - 18% interest PA
Call & Trade Charges Rs 100/order +GST Delivery Rs 25, Intraday and F&O Rs 10 per executed order Free 20 calls per month, and after Rs. 20 per order
Auto Square off Charges Rs 50/order + GST Delivery Rs 25, Intraday and F&O Rs 10 per executed order 20 calls Free and after that Rs 20 per call
Brokerage Calculator Brokerage Calculator for Paytm Money Brokerage Calculator for ProStocks Brokerage Calculator for AxisDirect
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Share Broker's Transaction Charges

Compare Paytm Money vs ProStocks vs AxisDirect on Transaction Charges

Compare Paytm Money vs ProStocks vs AxisDirect on transaction charges and PCM fee by segment.

Transaction Charges - Compare Paytm Money vs ProStocks vs AxisDirect
Transaction Charges Compare Paytm Money ProStocks AxisDirect
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
Brokerage Charges Complete Brokerage Plans for paytm-money Complete Brokerage Plans for prostocks Complete Brokerage Plans for axisdirect
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Account Features

Compare Paytm Money vs ProStocks vs AxisDirect on Account Features

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

Account Features - Paytm Money vs ProStocks vs AxisDirect
Account Features Compare Paytm Money ProStocks AxisDirect
3 in 1 Account No Paytm Money have 2-in-1 account. Only Demate and Trading account. No Paytm Money have 2-in-1 account. Only Demate and Trading account. Yes, AxisDirect have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes Yes
Algo Trading No Yes No
SMS Alerts No Yes Yes
Online Demo No Yes Yes
Online Portfolio Yes No Yes
Margin Trading Funding Available No No Yes
Combined Ledger for Equity and Commodity No No Yes
Intraday Square-off Time 3:10 PM 3:15PM 2:45 PM
NRI Trading No Yes Yes
Other Features NIL NIL NIL
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Trading Platform

Compare Paytm Money vs ProStocks vs AxisDirecton Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Paytm Money vs ProStocks vs AxisDirect. 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 Paytm Money vs ProStocks vs AxisDirect
Trading Platform Compare Paytm Money ProStocks AxisDirect
Desktop Trading Platform Paytm Money Star ProStocks Ring
Desktop Demo Info Not Available Info Not Available Desktop Demo
Desktop Platform (Windows) No Yes Yes
Desktop Platform (Mac) No No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

Paytm Money Web

https://www.prostocksweb.com/

https://login.axisdirect.in/

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 Paytm Money App Star ProStocks AxisDirect Ring Mobile App
Mobile Trading App Demo Paytm Money App Demo Info Not Available AxisDirect Ring Mobile App Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod Paytm Money App Download Andriod Star ProStocks Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS Paytm Money App Download iOS Star ProStocks Download iOS AxisDirect Ring Mobile App Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Rs. 30 per month Free Yes, DirectTrade - Rs 2999 PA
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Paytm Money Equity Intraday and Delivery Brokerage Calculator for ProStocks Equity Intraday and Delivery Brokerage Calculator for AxisDirect
Futures Brokerage Calculator Futures Brokerage Calculator for Paytm Money Futures Brokerage Calculator for ProStocks Futures Brokerage Calculator for AxisDirect
Options Brokerage Calculator Options Brokerage Calculator for Paytm Money Options Brokerage Calculator for ProStocks Options Brokerage Calculator for AxisDirect
Detail Detail on Trading Platforms for paytm-money Detail on Trading Platforms for prostocks Detail on Trading Platforms for axisdirect

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Broker Ratings by Users

Compare Paytm Money vs ProStocks vs AxisDirect on User Rating

  Paytm Money ProStocks AxisDirect
  6 Customer Reviews    Rate Paytm Money 4 Customer Reviews    Rate ProStocks 6 Customer Reviews    Rate AxisDirect
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating Paytm Money is Rated 3.0 / 5 based on 6 customer reviews ProStocks is Rated 4.5 / 5 based on 4 customer reviews AxisDirect is Rated 2.3 / 5 based on 6 customer reviews
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Investment Offerings

Compare Paytm Money vs ProStocks vs AxisDirect on Investment Offerings

Compare Paytm Money vs ProStocks vs AxisDirect 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 - AxisDirect offers Commodity Trading where Paytm Money and ProStocks doesn't offers Commodity Trading. Online Mutual Fund Investment - Paytm Money and AxisDirect offers online mutual fund investment where ProStocks doesn't offers mutual fund investment. Portfolio Management Services (PMS) - All 3 brokers doesn't offer PMS facility.

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

Compare Paytm Money vs ProStocks vs AxisDirect on Order Types

Order Type - Compare Paytm Money vs ProStocks vs AxisDirect 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) - All 3 brokers offers provides Cover Orders (CO) facility. You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Paytm Money and ProStocks provides Bracket Orders (BO) facility where AxisDirect doesn't provides Bracket Orders. After-market Orders (AMO) - All 3 brokers offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders - All 3 brokers offers Good Till Cancelled (GTC) orders, which means you place buy or sell equity limit order and your order remains in system until it executed or reaches the specified numbers of days.

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

Compare Paytm Money vs ProStocks vs AxisDirect on Customer Service

Compare Paytm Money vs ProStocks vs AxisDirect 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 Paytm Money vs ProStocks vs AxisDirect
Customer Service Compare Paytm Money ProStocks AxisDirect
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat No No Yes
Phone Support No Yes Yes
Toll Free Number No No Yes
Through Branches No No Yes
Customer Care Number Info Not Available +91-2262-434343 022-61480808
Account Opening Process Online/Paperless Online/Paperless Online
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://www.paytmmoney.com/care https://www.prostocks.com/faq.html https://simplehai.axisdirect.in/learn/overview
Head Office Address Paytm Money Stock Broking
Essae Vaishnavi Summit
Ground Floor, Koramangla,
80 Feet Road, Bengaluru - 560034
Sunlight Broking LLP,
B-50, Pravasi Industrial Estate,
Goregaon (East),
Mumbai - 400063
Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Kurla (West),
Mumbai- 400 070.
Website https://www.paytmmoney.com/ https://www.prostocks.com https://simplehai.axisdirect.in
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Tips/Research/Reports Published

Compare Paytm Money vs ProStocks vs AxisDirect on Research Reports, Tips

Compare Paytm Money vs ProStocks vs AxisDirect on research reports and tips provided by broker.

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

Compare Paytm Money vs ProStocks vs AxisDirect on Demat Account

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

Demat Charges - Compare Paytm Money vs ProStocks vs AxisDirect
  Paytm Money ProStocks AxisDirect
DP Source CDSL CDSL CDSL
DP ID 12088800 83200 49200
Demat Account Annual Maintenance Charges(AMC) Zero Free (₹1000 Refundable Deposit) ₹500 pa
Advance Deposit Nil 1000/- Refundable Deposit against charges Nil
Statutory charges Nil Nil Nil
Transaction Charges on Debit (Per ISIN) ₹10 per ISIN ₹20 per ISIN ₹10
Demat ₹250 per 100 shares ₹50 per set up + ₹50 courier charges ₹3 per certificate
Remat ₹250 per 100 shares ₹50 per set up + ₹50 courier charges ₹10 for every hundred securities (Min ₹10)
Pledge Creation ₹32 per ISIN ₹50 ₹25
Pledge Creation Confirmation Nil Nil ₹25
Pledge Closure ₹32 per ISIN ₹50 ₹25
Pledge Closure Confirmation Nil Nil ₹25
Pledge Invocation ₹32 per ISIN ₹50 Nil
Failed Instruction Charges Nil ₹50 per transaction Nil
Other Charges Nil Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Paytm Money vs ProStocks vs AxisDirect on Special Offers and Promotion

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

Compare Paytm Money vs ProStocks vs AxisDirect on Special Offers and Promotion
  Paytm Money ProStocks AxisDirect
Pay In and Pay Out Options Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Prostocks Mobile, Prostocks Desktop and Prostocks Web application.
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in/adding funds - Cheque, Online Bank Transfer from Axis Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Payout Time Max 24 hrs except bank holidays Upto 24 Hrs except Bank Holidays. Instant to Axis Bank.
Bank Supported and Charges Paytm Money allows 190+ Banks. Around 23 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Prostocks trading platforms. NA
Bank Detail Info Not Available SUNLIGHT BROKING LLP,
Account Number:00600340080912
Bank and Branch: HDFC BANK, FORT
Account Type: Current Account
IFSC Code: HDFC0000060
Direct from your Axis bank account.
Likes
  • 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...

  • Lifetime Zero AMC Demat Account and free delivery trading.
  • Cheapest online trading services at 15 per order brokerage plan.
  • Place an unlimited number of trades by subscribing to ProStocks monthly trading plan.
  • Trade on Free trading platforms; mobile app, website, and desktop trading software.
  • Different types of ProStocks Star API; Trading API, Websocket API, Publisher API, Historical API.
  • FoxTrader, is an ultra-modern windows-based automated trading platform.
  • Cheapest intraday call & trade service at just Rs. 10 per trade.
  • Get referral benefits with Prostocks Referral plan.
  • Secure & hassle-free fund transfer via 30+ supported banks.
  • Free instant fund transfer via UPI.
  • Advanced orders like Cover order, Bracket order, basket order, and after-market order.
  • Place Good Till Triggered (GTT) order.
  • Use online tools like brokerage calculator and margin calculator.
  • No PCM fee.
  • No proprietary trading.

Detail Review...

  • Open paperless 3-in-1 account (Bank + Demat + Trading).
  • One-stop shop to trade on BSE, NSE, and MCX.
  • Zero Demat AMC for 1st year for Axis Bank account holders.
  • Multiple brokerage plans for traders and investors.
  • Trade in options at flat Rs. 10/order.
  • Unlimited Brokerage-free options trading for the first month.
  • Ring revolutionary app and desktop-based platforms provide an investment opportunity.
  • Free trading tools like scanners, options strategies, advanced charting, & indicators.
  • Get free trading calls, investment ideas, and research reports.
  • Hassle-free investment in bonds & debenture on the “Yield” platform.
  • AI-powered investment ideas and wealth management advisory services.
  • Buy Now and Pay Later with E-margin.
  • Free 20 calls per month.

Detail Review...

Dislikes
  • 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...

  • It does not offer a 3-in-1 account opening facility.
  • ProStocks does not provide commodity trading services.
  • It does not offer mutual funds investment facility.
  • ProStocks IPO Apply facility is only available on the ProStocks website.
  • It does not provide intraday trading tips, research, and advisory facility.

Detail Review...

  • High account opening fees.
  • It charges a higher brokerage fee than discount brokers like Zerodha, Upstox, etc.
  • It does not have a flat discount brokerage plan.

Detail Review...

Special Offers/Promo ProStocks offer FREE Trading + Demat Account (NO AMC). You can trade unlimited in equity segment for Rs 899/month or choose Rs 15 per trade plan. Thereby saving up to 90% on brokerage. ProStocks also offer Rs 0 Demat AMC with one time Rs 1000 refundable deposit. Get Axis Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.
Enquire for Paytm Money Enquire for ProStocks Enquire for AxisDirect

Last Updated on 2023-12-22T00:01:54+00:00