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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 15. 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 IIFL Securities is 11,24,976 where number of active customer for Paytm Money is 5,78,639. IIFL Securities is serving more customer compare to Paytm Money.

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 Compare
IIFL Securities
Paytm Money Compare
Paytm Money
Overall Rating Rated 4 stars Rated 4 stars
Brokerage Charges Rated 3 stars Rated 4.5 stars
Trading Platform Rated 4.5 stars Rated 3.5 stars
Investments Offering Rated 4.5 stars Rated 4.5 stars
Customer Service Rated 3.5 stars Rated 3.5 stars
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE
Active Clients 11,24,976 5,78,639
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,... Know more about IIFL Securities In a short span of time since 2017, Paytm Money became one of the fastest-growing brokers with its Rs. 15 lowest brokerage trading fee, and commission-free mutual fund investment on the simple, user-friendly, & transparent Paytm Money App & w...Know more about Paytm Money
Broker Enquiry Request call back from IIFL Securities Request call back from Paytm Money
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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 - Both broker offers Free Trading 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 Free
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 Yes Yes
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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 No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  IIFL Securities Paytm Money
Account Opening Request
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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 equity delivery trading and mutual fund investment with Paytm Money is absolutely free of cost.

Brokerage Charges - Compare IIFL Securities with Paytm Money
Brokerage Charges Compare IIFL Securities Paytm Money
Plan Name IIFL iSERVE Brokerage Plan Flat Brokerage Plan
Equity Delivery Flat Rs 20 per order 2.5% or Rs 15 whichever is lower
Equity Intraday Flat Rs 20 per order 0.05% or Rs 15 whichever is lower
Equity Futures Flat Rs 20 per order 0.02% or Rs 15 whichever is lower
Equity Options Flat Rs 20 per order Flat Fee Rs 15 per order
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 NIL NIL
Hidden Charges Info Not Available No
Funding Yes - 18% interest PA Info Not Available
Call & Trade Charges Rs 50 Per Call + GST Rs 100 per executed order
Auto Square off Charges Rs 50 Per Call + GST Rs 50 per executed order
Brokerage Calculator Brokerage Calculator for IIFL Securities Brokerage Calculator for Paytm Money
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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.

Transaction Charges - Compare IIFL Securities with Paytm Money
Transaction Charges Compare IIFL Securities Paytm Money
Equity Delivery Rs 325 Per Cr Rs 345 Per Cr
Equity Intraday Rs 325 Per Cr Rs 345 Per Cr
Equity Futures Rs 190 Per Cr Rs 200 Per Cr
Equity Options Rs 5000 Per Cr Rs 5300 Per Cr
Currency Futures Rs 110 Per Cr NA
Currency Options Rs 4000 Per Cr NA
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr NA
Brokerage Charges Complete Brokerage Plans for iifl-securities Complete Brokerage Plans for paytm-money
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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 No IIFL Securities have 2-in-1 account. Only Demate and Trading account. No IIFL Securities 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 Yes 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 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) Yes No
Desktop Platform (Mac) No Yes
Web Trading Platform Yes Yes
Web Trading Detail https://ttweb.indiainfoline.com Paytm Money Web
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App IIFL Markets Paytm Money App
Mobile Trading App Demo IIFL Markets Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod IIFL Markets Download Andriod Paytm Money App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS IIFL Markets 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 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

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Broker Ratings by Users

Compare IIFL Securities vs Paytm Money on User Rating

  IIFL Securities Paytm Money
  82 Customer Reviews    Rate IIFL Securities 4 Customer Reviews    Rate Paytm Money
Fees Ratings 3.1 3.8
Trading Brokerage Rating 2.9 4.5
Trading Platform Usability 3.4 3.0
Customer Service Ratings 2.9 3.5
Overall Ratings Rated 2.8 stars Rated 4.0 stars
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
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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 Yes Yes
Currency Deravitives Yes No
Commodity Yes No
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking No No
Insurance Yes No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes Yes
PMS Service Yes No
Other Investment Options NIL NPS
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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 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 No
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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 IIFL Securities vs Paytm Money - 24x7 customer support Yes No
Email Support IIFL Securities vs Paytm Money - Email Support Yes Yes
Onine Live Chat IIFL Securities vs Paytm Money - Onine Live Chat Yes No
Phone Support IIFL Securities vs Paytm Money - Phone Support Yes Yes
Toll Free Number IIFL Securities vs Paytm Money - Toll Free Number Yes No
Through Branches IIFL Securities vs Paytm Money - Through Branches Yes No
Customer Care Number IIFL Securities vs Paytm Money - Customer Care Number 022-40071000 Info Not Available
Account Opening Process IIFL Securities vs Paytm Money - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email IIFL Securities vs Paytm Money - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IIFL Securities vs Paytm Money - Knowledge Center/Education https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx https://www.paytmmoney.com/care
Head Office Address IIFL Securities vs Paytm Money - Head Office Address/Corporate 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 IIFL Securities vs Paytm Money - Company Website https://www.indiainfoline.com/ https://www.paytmmoney.com/
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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 IIFL Securities vs Paytm Money - Research Mutual Funds Yes No
Research Equity Reports IIFL Securities vs Paytm Money - Research Equity Reports Yes No
Research ETF IIFL Securities vs Paytm Money - Research ETF Yes No
Daily Market Report IIFL Securities vs Paytm Money - Daily Market Report Yes No
Free Tips IIFL Securities vs Paytm Money - Free Tips Yes No
Quarterly Result Analysis IIFL Securities vs Paytm Money - Quarterly Results Yes No
News Alerts IIFL Securities vs Paytm Money - Yes No
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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 IIFL Securities vs Paytm Money - 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

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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 IIFL Securities vs 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 IIFL Securities vs Paytm Money - 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 IIFL Securities vs Paytm Money - 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...

  • Lowest brokerage online trading at Rs. 15 per order.
  • No brokerage on delivery orders and intraday and F&O trade at even low brokerage of Rs. 10/order for account opened before 5 August 22.
  • 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. 300 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. 300/order.
  • Delivery trading is not free for new customers who opened accounts after August 22.

Detail Review...

Special Offers/Promo Open IIFL Demat & Trading Account Free - Zero A/c Opening Charge & 1st year AMC waived off.
Enquiry Open IIFL Securities Account Now>> Open Paytm Money Account Now>>

Last Updated on 2022-08-10T07:16:55+00:00