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Between Zerodha and Paytm Money, which one to choose?

Paytm Money is relatively a new broker in the discount broking space whereas Zerodha has built a strong reputation in the Indian broking industry with the largest market share. Let’s find out the comparison between Zerodha and Paytm Money on various bases to know which one to choose? or which broker is the best?

Zerodha Vs Paytm Money, which one is the best?

Basis of difference Zerodha Paytm Money
Online trading products Wide range of products including equity, F&O, commodity, Currency, IPO, and fixed income products. Limited trading products i.e. equity, NPS and does not provide derivative, commodity, and currency trading.
Mutual Fund First broker to offer Direct mutual fund investment at zero brokerage. Recently in 2019, started offering commission-free Direct mutual fund investment
Trading Platform Best trading platforms with advanced features like Zerodha Kite (Web and mobile app) and Zerodha Coin (Direct Mutual fund investment platform) Simple and easy to use platforms but available with limited features like Paytm Money Web and Paytm Money App
Brokerage charges Free delivery trading and Flat Rs. 20 per order in other segments. Lower brokerage charges with 0 brokerage delivery trading and flat Rs. 10 per order intraday charges.

It is clear that despite lower intraday trading charges of Paytm Money, Zerodha is the best broker because of multiple products offering, pioneering trading platforms, a large clientele base, and a strong reputation in the broking space.

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