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IIFL Securities Vs Paytm Money: Which one is better?

Both the brokers are registered with SEBI. IIFL Securities offers investmenet in Equity, F&O, Currency and Commodities, where Paytm Money offers investment in Equity, F&O and Currency only. The brokerage of IIFL Securities Max Rs 20 per trade while the brokerage of Paytm Money ranges between Rs 20. IIFL Securities 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 Paytm Money is 6,60,055 where number of active customer for IIFL Securities is 4,43,967. Paytm Money is serving more customer compare to IIFL Securities.

Here we present side-by-side comparison of IIFL Securities 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 IIFL Securities 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 IIFL Securities 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 IIFL Securities 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 IIFL Securities vs Paytm Money on Service

	IIFL Securities	Paytm Money
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type	Full Service Broker	Discount Broker
Exchanges Supported	BSE, NSE, MCX, NCDEX	NSE, BSE
Active Clients	4,43,967	6,60,055
Broker Overview	IIFL (India Infoline) is one of the prominent full-service brokers in India backed by complete investment planning solutions, cutting-edge technology platforms (IIFL Markets app and Trader Terminal), the industry’s best research & advisory,...	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 & ...
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Account Opening Charges and AMC

Compare IIFL Securities vs Paytm Money on Trading & Demat Account Opening Charges

Comparison of IIFL Securities with Paytm Money on trading & demat account opening charges and AMC. Trading account opening charges - IIFL Securities offer Free account opening where Paytm Money charges Rs 200 for account opening. Demat AMC charges - Paytm Money offer Free AMC for Demat account where IIFL Securities charges Rs 250 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IIFL Securities with Paytm Money

Charges	IIFL Securities	Paytm Money
Trading Account Opening Fees	Free	Rs 200
Trading AMC	Free	Rs 30 per month (Platform fees)
Demat Account Opening Fees	Free	Free
Demat AMC	Rs 250 PA (Free for 1st year)	Free
Provide DP Service

About Brokerage Plans

Compare IIFL Securities vs Paytm Money on Plan Options

Plans are the most important feature you look when compare IIFL Securities with Paytm Money. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare IIFL Securities with Paytm Money on Plan Options

Plan Types	IIFL Securities	Paytm Money
Multiple Plans
Monthly Plans
Yearly Plans

Account Opening Request

Account Opening

Brokerage Charges

Compare IIFL Securities vs Paytm Money on Brokerage Charges

IIFL Securities Brokerage Plan detail - IIFL iSERVE flat discount brokerage plan charges a maximum of Rs. 20 per order brokerage across segments.

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.

Share Broker's Transaction Charges

Compare IIFL Securities vs Paytm Money on Transaction Charges

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

Account Features

Compare IIFL Securities vs Paytm Money on Account Features

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

Account Features - IIFL Securities with Paytm Money

Account Features Compare	IIFL Securities	Paytm Money
3 in 1 Account
Charting
Algo Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Intraday Square-off Time	3:15PM	3:10 PM
NRI Trading
Other Features	NIL	NIL

Trading Platform

Compare IIFL Securities vs Paytm Money on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IIFL Securities 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 IIFL Securities with Paytm Money

Trading Platform Compare	IIFL Securities	Paytm Money
Desktop Trading Platform	IIFL Trader terminal	Paytm Money
Desktop Demo	Desktop Demo	Info Not Available
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detail	https://ttweb.indiainfoline.com	Paytm Money Web
Web Trading Demo	Info Not Available	Web Trading Demo
Mobile Site
Mobile Trading
Mobile Trading App	IIFL Markets	Paytm Money App
Mobile Trading App Demo	IIFL Markets Demo	Info Not Available
Android Mobile App
Android App Download	Andriod IIFL Markets Download	Andriod Paytm Money App Download
iPhone Mobile App (IOS)
iOS App Download	iOS IIFL Markets Download	iOS Paytm Money App Download
Android Tablet App
iPad App (IOS)
Trading Software Charges	Free	Rs. 30 per month
Equity Brokerage Calculator	Equity Intraday and Delivery Brokerage Calculator for IIFL Securities	Equity Intraday and Delivery Brokerage Calculator for Paytm Money
Futures Brokerage Calculator	Futures Brokerage Calculator for IIFL Securities	Futures Brokerage Calculator for Paytm Money
Options Brokerage Calculator	Options Brokerage Calculator for IIFL Securities	Options Brokerage Calculator for Paytm Money
Detail	Detail on Trading Platforms for iifl-securities	Detail on Trading Platforms for paytm-money

Broker Ratings by Users

Compare IIFL Securities vs Paytm Money on User Rating

	IIFL Securities	Paytm Money
	82 Customer Reviews	4 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating	IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews	Paytm Money is Rated 4.0 / 5 based on 4 customer reviews

Investment Offerings

Compare IIFL Securities vs Paytm Money on Investment Offerings

Compare IIFL Securities 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 - IIFL Securities offers trading options in Commodity (MCX) where Paytm Money doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - IIFL Securities provide PMS Service where Paytm Money doesn't offer

Investment Offerings - Compare IIFL Securities with Paytm Money

Investment Offerings Compare	IIFL Securities	Paytm Money
Equity Cash and F&O
Currency Deravitives
Commodity
Online IPO Application
Mutual Funds
Bond / NCD
ETF
Banking
Insurance
Forex
MF SIP Investment
Equity SIP Investment
PMS Service
Other Investment Options	NIL	NPS

Order Types

Compare IIFL Securities vs Paytm Money on Order Types

Order Type - Compare IIFL Securities 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 IIFL Securities 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- IIFL Securities offers Good Till Cancelled (GTC) orders where Paytm Money doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare IIFL Securities with Paytm Money

Order Type Compare	IIFL Securities	Paytm Money
CNC order
MIS order
NRML order
Cover order
Bracket order
AMO-After Market Orders
GTC-Good Till Cancelled

Customer Service Offered

Compare IIFL Securities vs Paytm Money on Customer Service

Compare IIFL Securities 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 IIFL Securities with Paytm Money

Customer Service Compare	IIFL Securities	Paytm Money
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
Customer Care Number	022-40071000	Info Not Available
Account Opening Process	Online/Paperless	Online/Paperless
Customer Support Email	[email protected]	[email protected]
Knowledge Center/Education	https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx	https://www.paytmmoney.com/care
Head Office Address	IIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, MIDC, Thane Industrial Area, Wagle Estate, Thane-MH-400604	Paytm Money Stock Broking Essae Vaishnavi Summit Ground Floor, Koramangla, 80 Feet Road, Bengaluru - 560034
Website	https://www.indiainfoline.com/	https://www.paytmmoney.com/

Tips/Research/Reports Published

Compare IIFL Securities vs Paytm Money on Research Reports, Tips

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

Research Reports - Compare IIFL Securities with Paytm Money

	IIFL Securities	Paytm Money
Research Mutual Funds
Research Equity Reports
Research ETF
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Demat Account

Compare IIFL Securities vs Paytm Money on Demat Account

Compare IIFL Securities 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 IIFL Securities is ₹400 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 IIFL Securities is 0.04% of transaction value (Min ₹25) + ₹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 IIFL Securities with Paytm Money

	IIFL Securities	Paytm Money
DP Source	CDSL	CDSL
DP ID	44700	CDSL: 1208
Demat Account Annual Maintenance Charges(AMC)	₹400 pa	Zero
Advance Deposit	Nil	Nil
Statutory charges	Nil	Nil
Transaction Charges on Debit (Per ISIN)	0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges)	₹10 per ISIN
Demat	₹15 per certificate + ₹40 courier charges	₹250 per 100 shares
Remat	₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges	₹250 per 100 shares
Pledge Creation	₹50	₹32 per ISIN
Pledge Creation Confirmation	Nil	Nil
Pledge Closure	Nil	₹32 per ISIN
Pledge Closure Confirmation	Nil	Nil
Pledge Invocation	Nil	₹32 per ISIN
Failed Instruction Charges	Nil	Nil
Other Charges	Nil	Nil

Special Offers,Advantages,Disadvantages

Compare IIFL Securities vs Paytm Money on Special Offers and Promotion

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

Compare IIFL Securities vs Paytm Money on Special Offers and Promotion

	IIFL Securities	Paytm Money
Pay In and Pay Out Options	Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from TradeTerminal or TTWeb or Mobile App. 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	Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999.	Max 24 hrs except bank holidays
Bank Supported and Charges	Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms.	Paytm Money allows 190+ Banks.
Bank Detail	India Infoline Ltd Account No.:IILEQ1XXXX Bank:YES BANK Branch:MUMBAI Account Type:CURRENT IFSC Code:YESB0CMSNOC	Info Not Available
Likes	Hassle-free onboarding process at zero paperwork. Zero Demat AMC for 1 year. Lowest brokerage online trading at just Rs. 20/order Free state-of-the-art mobile app, web, and desktop trading software. Paperless mutual fund investment at zero brokerage. Smart tools like order slicing, equitySIP, futures & options strategy builder, algo trading, advanced screeners, etc. Comprehensive equity and mutual funds research. Pre-IPO apply Place bracket order (BO), cover order (CO), aftermarket order (AMO), and Valid Till Date (VTD) order. Margin trading facility. Blogs and knowledge center for beginners. Detail Review...	Competitive flat brokerage online trading at Rs. 20 per order. No brokerage on delivery orders and intraday and F&O trade at even low brokerage of Rs. 15/order for account opened before 26 August 23. Invest in direct mutual funds for free and get upto 1% higher return. Get free mutual fund advisory services. One-tap switch facility to switch external regular mutual fund investment to direct mutual funds. Apply for IPO online. Advanced orders like bracket order, cover order, and after market order. Place GTT (Good Till Triggered) order to place longer period order. Easy to use and great design platforms for traders and investors. Online fund transfer via 190+ supported banks. Fund transfer via UPI is free. Paytm Wealth Academy to boost financial education for beginners. No hidden charges & investment fee. Detail Review...
Dislikes	IIFL not being a part of any banking organization does not provide a 3-in-1 account opening facility to trade with ease and flexibility. If you only invest in stocks (Delivery, CNC order) then Zerodha and Prostocks are the best brokers who offer free delivery trading. Detail Review...	It does not offer commodity and currency trading. Paytm Money charges 30/month platform fees or Rs. 360 per year. You cannot open a 3-in-1 account. NRIs cannot open an account with Paytm Money. It does not offer zero brokerage unlimited monthly trading plans. Very high call & trade charges of Rs. 100/order. It does not offer free delivery trading. Detail Review...
Special Offers/Promo
Enquiry	Open IIFL Securities Account Now>>	Open Paytm Money Account Now>>