ICICI Direct vs Paytm Money 2024 | Which Is Better
ICICI Direct vs Paytm Money
ICICI direct, founded in 1994, is a full-service broker. It offers trading on the BSE and NSE , It offers trading on the BSE and NSE. It operates 154 branches across India. while.Paytm Money , founded in 2017 , is a discount broker. It offers trading on the NSE and BSE. It has one branch across India.
ICICI Direct
One of the biggest retail stock brokers in India is ICICIdirect. It is a member of the Group ICICI. More than 50 lakh consumers can take advantage of its online trading and investing services. Equity, commodity, and currency trading at the BSE, NSE, and MCX are among the services provided. The company also provides wealth products, home loans, loans against securities, fixed deposits, bonds, NCDs, mutual funds, and initial public offerings (IPOs). The most well-liked offering from ICICI Direct is its 3-in-1 account. In addition to many other features and products, ICICIdirect offers One Click Equity, Margin Trading Funding (MTF), Smart Trading features, Systematic Equity Plan, and easy equity
investment.
Paytm Money
Paytm Money, on the other hand, attracts new and tech investors with
its user-friendly interface, low commissions and seamless integration with the Paytm
ecosystem. It stands out for its simplicity and accessibility, making it ideal for beginners. Both
platforms have their strengths, with Kotak suitable for in-depth trading and Paytm Money
facilitating and cost-effective investing.
Founded in 2017, Paytm Money Limited (commonly known as Paytm Money) is a discount
brokerage company based in Bengaluru. Paytm Money is a wholly owned subsidiary of
One97 Communications Ltd, India’s largest and leading digital products and mobile platform,
which also owns the Paytm Money brand. Paytm is an Indian e-commerce payment system
approved by the RBI. Paytm Money is a SEBI registered stockbroker and investment
advisor.
| ICICI Direct | Paytm Money | |
| Establishment Year | 1994 | 2017 |
| Founder | Vjay Chandok | Vijay Shekhar Sharma |
| Exchange of Membership | BSE, NSE | NSE, BSE |
| Broker Type | Full Service | Discount Broker |
| Company Type | Public | Private |
| Branches | 154 | 1 |
ICICI Direct vs Paytm Money Charges
| Charges | ICICI Direct | Paytm Money |
| Trade and Call Charge | Rs 50 per trade | (₹50 + 18% GST) per order. |
| Minimum Brokerage Charges | Rs 35 per trade (I-Secure Plan) | NA |
| Other Charges | Margin Trading Interest: 0.025% Per day | NA |
ICICI Direct vs Paytm Money Offers
| Offers | ICICI Direct | Paytm Money |
| Free AMC | ||
| Free Brokerage | ||
| Free Account Opening Charge | ||
| Flat Brokerage Charges | ||
| Flexible Brokerage Charges | ||
| Free Intraday Charges | ||
| Delivery Charges | ||
| Margin Funding and Pledging | ||
| Free F&O Trading | ||
| Refferal Offers | Rs. 500 Per Client | |
| Zero brokerage for Loss Making Trade | ||
| Brokerage Cashback | ||
| Free Trading Calls | ||
| Free Research Report | ||
ICICI Direct vs Paytm Money Product Provided
| Type | ICICI Direct | Paytm Money |
| Equity Delivery | ||
| Equity Intraday | ||
| Equity Option | ||
| Equity Future | ||
| Currency Option | ||
| Currency Future | ||
| Commodity Options | ||
| Commodity Future | ||
| Mutual Funds | ||
| Foreign stocks | ||
| Banking | ||
| Insurance | ||
| Digital Gold | ||
| Govt. Bonds | ||
| Corporate Bonds | ||
ICICI Direct vs Paytm Money Advisory Services Provided
| Type | ICICI Direct | Paytm Money |
| IPO Service | ||
| Weekly and Monthly Review | ||
| Daily Stock Picks and Stock Tips | ||
| PMS or PCG | ||
| Trading Institution | ||
| Demat and Trading Service | [ | |
| Intraday Service | ||
| Share Pledging | ||
| NRI Service | ||
| 3 In 1 Account | ||
| Company and Annual Report | ||
| Stock Recommendation and Research report | ||
Features Of ICICI Direct vs Paytm Money
| Features | ICICI Direct | Paytm Money |
| Chart | ||
| Automated Trading | ||
| 3 in 1 Account | ||
| Sms Alerts | ||
| Margin Against Shares (Equity Cash) | ||
| Margin Against Shares (Equity F&O) | ||
| Online Portfolio | ||
| Online Demo | ||
| Intraday Square-Off Time | 3:50 PM | 3.15pm |
| Global Indices | ||
| Real Time Update | ||
| Stock Tips | ||
| Multi Profile Management | ||
| Interactive Charts | ||
| Customised Recommendation | ||
| Online MF Buy | ||
ICICI Direct vs Paytm Money Demat And AMC Charges
The opening fee for an ICICI direct trading account is Rs 0 (free), But an HDFC Securities account requires Rs 999. The AMC charges for ICICIdirect Demat Accounts are Rs 300 (beginning with the second year) and Rs 750 for . While Paytm Money has Rs.0 annual maintenance cost (AMC) for trading accounts Many investors favour it because of its competitive cost, user-friendly layout, and excellent customer service.
| Charges | ICICI Direct | Paytm Money |
| Demat Account Opening Charges | Rs.0 (Free) | Rs 0 (Free) |
| Demat Account AMC Charges | Rs. 300 (from 2nd year) | Rs 0 (Free) |
| Trading Account Opening Charges | Rs. 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs. 0 (Free) | Rs. 0 (Free) |
ICICI Direct vs Paytm Money Brokerage Charges
ICICIdirect costs 0.55% for equity broking and Rs 20 for intraday orders,whereas Paytm Money offers low-cost brokerage with no delivery fees and competitive rates for intraday and F&O trades Below the table shows brokerage charges of both the platforms.
| Brokerage Charges | ICICI Direct | Paytm Money |
| Brokerage Plan | Neo Plan | |
| Equity Delivery | 0.27% of Total Transaction | Rs.15 per Trade & 2.5% (whichever is lower) |
| Equity Intraday | Rs. 20 per Trade | Rs.15 per Trade or 0.05% (whichever is Lower) |
| Equity Option | Rs. 20 per Trade | Rs.15 per Trade |
| Equity Future | Free | Rs.15 per Trade or 0.02% (whichever is lower). |
| Currency Option | Rs. 20 per Trade | NA |
| Currency Future | Rs. 20 per Trade | NA |
| Commodity Option | Rs. 20 per Trade | NA |
| Commodity Future | Rs. 20 per Trade | NA |
ICICI Direct vs Paytm Money Leverage (Margin)
ICICI direct’s margin for intraday trading is up to 20% of the transaction value (5x leverage) based on the stock, whereas while the UPaytm Money offers up to 20% of the trade value (5x leverage) for intraday cash
transactions, whereas One margin for intraday trading allows up to 20% of the trade value (5x leverage) depending on the stock . Below the table shows leverage margin of both platform.
| Leverage | ICICI Direct | Paytm Money |
| Equity Delivery | 100% of trade value (1x leverage) | Up to 20% of Trade Value (5x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | 100% of Trade Value (1x Leverage) |
| F&O (Currency, Equity, Commodity) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML Margin (Span + Exposure) (1x Leverage) |
ICICI Direct vs Paytm Money Pros And Cons
Pros:
| ICICI Direct | Paytm Money |
| 1)Offers a low bandwidth website that performs effectively on sluggish internet connections. 2) Provides a 3-in-1 account that simplifies stock market investing for novice investors. 3) Several investment possibilities are offered through a single platform. 4) GTC (good till cancellation) and off-market hours order placement facility is very useful. | 1)A direct mutual fund platformthat increases your returns by1%. 2)No Upkeep Fees Andinstantaneous establishment of a digital account. 3)Investments in mutual fundsthat are free of hidden fees. 4)A direct mutual fund platformthat increases your returns by1%. Investments in mutual funds that have no additional fees. A direct mutual fund platform that increases your returns by 1%. 5)Straightforward anduncomplicated trading systems.6) Offers to invest in stocks,derivatives, mutual funds, NPS,and digital gold. |
Cons:
| ICICI Direct | Paytm Money |
| 1)Minimum broking’ is set at an extremely high Rs 35 per trade, or 2.5% of the deal amount, whichever is Also There have been reports of a website that performs poorly during business hours. 2) A Demat account is required. 3) IF the broking paid in a month is less than Rs 750, the Trading Terminal (Trade Racer) costs Rs 75 per month. 4) Compared to most Indian retail brokers, ICICI Security charges the highest broking. 5) It charges Call & trade cost extra Rs 50 per trade in Neo/Prime Plans | 1)Fee for trading platforms: Rs.30 per month and No facility formargin trading. 2)There is no branch supportprovided and Order type for GTC is not available. 3)Trading in commodities andcurrencies is not possible. 4) No margin facility |
ICICI Direct vs Paytm Money Transactions Charges
ICICI direct transaction charges for options are NSE Rs 5000 per crore (0.05%) | BSE Rs 3700 per crore (0.037%) (based on premium). Firstly the transaction charges of Paytm Money is Flat fee of ₹ 20 or 0.05% (whichever is less) for each executed order in Intraday Commodities, Currency, and Equities Trading , also The exchange costs for options on Paytm Money are as follows: NSE Rs 345 per crore (0.00345%) | BSE Rs 375 per crore (0.00375%) (plus premium).. The table shows some of its transaction charges:
| Transaction Charges | ICICI Direct | Paytm Money |
| Equity Delivery | 0.00325% (NSE) & As per Stock (BSE) | NSE Rs 345 per Cr (0.00345%) | BSE Rs 375 per Cr (0.00375%) (sell side) |
| Equity Intraday | 0.00325% (NSE) & As per Stock (BSE) | NSE Rs 345 per Cr (0.00345%) | BSE Rs 375 per Cr (0.00375%) (each side) |
| Equity Option | 0.053% (on premium) | NSE Rs 5300 per Cr (0.053%) (on premium) |
| Equity Future | 0.0019% (NSE & BSE) | BSE Rs 200 per Cr (0.002%) |
| Currency Option | 0.035% (NSE) & 0.001% (BSE) | NA |
| Currency Future | 0.0009% (NSE) & 0.00022% (BSE) | NA |
| Commodity Option | 0.05% (Non Agri) | NA |
| Commodity Future | 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special) | NA |
Complaints Of ICICI Direct vs Paytm Money
The table below shows Total Complaints Lodged, Resolved and their percentage.
| Complaints | ICICI Direct | Paytm Money |
| Total Complaints Lodged | 400 | 193 |
| Total Complaints Resolved | 335 | 170 |
| % Of Total Complaints Resolved | 85.62% | 80.30% |
| Non Actionable Complaints | 18 | 27 |
| % Of Non Actionable Complaints | 4.00% | 9.38% |
Review Comparison Of ICICI Direct vs Paytm Money By Customer
CICI direct is rated 7 of 10 , whereas Groww is rated 8 of 10
| Rating | ICICI Direct | Paytm Money |
| Customer Services | 7/10 | 7.5/10 |
| Fees | 6 /10 | 7/10 |
| Brokerage Charges | 6.5/10 | 7.5/10 |
| Trade and Call Charges | 7/10 | 7.5/10 |
| Research Capabilities | 7.5/10 | 6/10 |
| Overall Rating | 7/10 | 7.5/10 |
Conclusion: Both ICICI Direct is India’s major broking houses, providing comprehensive trading and investment services. ICICI Direct offers a user-friendly platform, substantial research reports, and excellent customer service. However, it has considerably higher broking fees. Paytm Money is praised for its low-cost architecture, intuitive user interface, and cutting-edge technologies like the Paytm Money platform. It is especially appealing to traders who are tech-savvy yet cost-conscious. Though both sites are trustworthy and regulated, the decision comes down to personal preferences: Paytm Money offers affordable costs and cutting-edge technology, while Upstox offers extensive assistance.
Customer Care Number/Email
ICICI Direct : +91 1860123112
Paytm Money :- 0120-3888388 / 0120-3925699
Client can contact this number for clearing your doubt.
Support Email ICICI Direct : helpdesk@icicidirect.com
Paytm Money Email ID :- priority.kyc@paytmmoney.com
Client can contact this email for clearing your doubt.
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