Both broker companies are well-known institutions in the financial market. Both of them allow a demat account and trading account to the investor investing in the stock market. Zerodha and Paytm Money have their own specialties but even then when a new investor comes into the stock market, it is not easy for them to decide whether to open their account in Zerodha or Paytm Money. Therefore, today we are going to tell you all those competitive key points in this article, which will probably be very helpful to you.
Overview, Charges, Brokerage, Exposure, Research, Trading segment, Customer Service Options, and Features
|Types of Broker||Discount broker||Discount broker|
|Number of branches in India||120||1|
|The exchange||BSE , NSE , MCX, MCX-SX||NSE, BSE and CDSL|
|Charges for opening a trading account||₹ 200 (₹ 300 if you want to send the form for opening an account via courier to Zerodha)||₹ 200|
|Trading Account Annual Maintenance Charges||₹0||₹0|
|Charges for opening a demat account||₹100||₹0|
|Demat account annual maintenance charges||₹300||₹0 (Free)|
|Equity delivery||₹0||₹ 0 (Free) (minimum Rs 0.01 per executed trade)|
|Intraday delivery||0.01% or ₹ 20 per trade whichever is lower||₹ 10 per executed order or 0.05% whichever is lower|
|Equity futures||0.01% or ₹ 20 per trade whichever is lower||₹ 10 per executed order|
|Equity options||0.01% or ₹ 20 per trade whichever is lower||₹ 10 per executed order|
|Currency futures||0.01% or ₹ 20 per trade whichever is lower||₹ 10 per executed order or 0.05% whichever is lower|
|Currency options||0.01% or ₹ 20 per trade whichever is lower||₹ 10 per executed order or 0.05% whichever is lower|
|Commodity||0.01% or ₹ 20 per trade whichever is lower||₹ 10 per executed order or 0.05% whichever is lower|
|Brokerage calculation||Zerodha Brokerage Calculator||Paytm Money Brokerage Calculator|
|Exposure or Leverage||Zerodha||Paytm Money|
|Equity||Up to 5 times for intraday||Up to 4 times for intraday|
|Equity futures||5 times to 20 times for intraday||Up to 20 times for intraday|
|Equity options||5 times to 20 times for intraday||Up to 4 times for intraday|
|Currency futures||Up to 5 times for intraday||Up to 4 times for intraday|
|Currency options||Up to 5 times for intraday||Up to 3 times for intraday|
|Commodity||Up to 5 times for intraday||Up to 5 times for intraday|
|Daily market report||✗||✗|
|Suggestions / Recommendations||✗||✓|
|Trading segment||Zerodha||Paytm Money|
|Customer Service Options||Zerodha||Paytm Money|
|Toll Free Number||✗||✓|
|Customer Care||Zerodha Customer Care||Paytm Money Customer Care|
|Orders are accepted even after the close of trading||✓||✗|
|3 in 1 account||✗||✗|
|Trading platforms||Zerodha Pie , Zerodha Kite Mobile App , Zerodha Kite, Nest Trader||N/A|
|Compliant percentage of active customer||0.02%||0.01%|
Zerodha is India’s largest financial services company, offering discount broking services. If seen, Zerodha is the best platform for small investors. Because there is no charge on trade delivery and when it comes to Brokerage Rate, then for every order i.e. buy-sell, it will charge 0.01% of its value or Rs 20, whichever is less. This means that no matter how big the transaction value is, the maximum order change will be up to Rs 20 only.
This is the reason that more than 2 lakh trading customers are associated with Zerodha today and on average, more than 10 thousand crores transactions are done on Zerodha every day.
Benefits of Zerodha
- Zerodha provides solutions to all the problems of investors and traders in one place.
- Its website, which is specially designed for low-speed Internet users, proves very useful.
- Zerodha Brokerage has no minimum per transaction and no brokerage charge on delivery.
- Zerodha offers a 4 to 10 times margin facility.
- Zerodha also has its own Mobile App with the help of which you will be able to trade easily.
Charges of Zerodha Account
- Trading Account Open Charge – Rs. 0
- Trading Account Maintenance Charge – Rs. 0
- Demat Account Open Charge – Rs. 300 (once)
- Demat Account Maintenance Charge – Rs. 300 (yearly)
So Zerodha is also a good company offering a Demat Account Service, if you want, you can easily open a Demat Account in Zerodha in no time.
On Paytm Money, a subsidiary of Paytm, users will now be able to trade Stocks, Mutual Funds, ETFs, IPOs, NPS and Digital Gold in the stock market as well as Futures & Options. Paytm Money is being popular among investors and will also compete with companies like Zerodha due to its brokerage charge of just Rs 10 per order on trading of futures and options.
The breakage fee charged by Paytm Money to the customers is much less as compared to other platforms. Paytm Money said that trading in India has changed nowadays and they have made a complex process easy for our customers. This new service of Paytm Money will make it much easier for first time traders and other investors to trade futures.
Benefits of Paytm Money
- In the chart of Paytm Money, users will get 180 signs and patterns.
- Its price alert feature provides the convenient in price of any futures options in real time.
- In this, users will get many types of calculators, so that they can calculate the profit margin of trading.
- Users do not have to go to a specific template to wish list a contract.
- The facility to track orders has been made very easy.
- Modern technology has been used to speed up trading in futures and options on this platform.
- There are many features and services in Paytm money, which can be easily understood.
- To deposit money in Paytm Money, the option of Net Banking and UPI is also given.
Charges of Paytm Money Account
- Account Opening Charge – Rs 200
- Demat Maintenance Charge – Rs 0
- Trading Maintenance Charge – Free
- Margin Money – Zero
- Transaction Charges – 0.003%
Zerodha vs Paytm Money
If we talk about the best demat account out of Paytm Money and Zerodha. It is always the question that which one is the best, so this part is quite difficult. Because both are offering their best services, you can compare them and make a choice for yourself.
Charges of Zerodha and Paytm Money
Maintenance Charges- In case of Zerodha, there is a charge of Rs 300 per year and in Paytm Money the maintenance charge is zero.
Brokerage Charges- The most important thing if you are a daily trader, then brokerage charge is very important for you. In Paytm Money, where they take Rs 10 or 0.01% per executed trade on every transaction, that is, whatever amount of transaction you have done, you have to pay maximum 10 on it. But in Zerodha, you get 0.01% of that Amount or 20 rupees whichever is less on every transaction. That is, 0.01% if below Rs 20 and if above, then still Rs 20 brokerage will be charged.
Delivery Charges- There is no Delivery Charge in Zerodha and the rest of the charges are brokerage charges only. Talking about Paytm Money, the transactions are charges 0.003% fixed on all other types of delivery.
User Interface of Zerodha and Paytm Money
User Interface of both Zerodha and Paytm Money are friendly to the user. If you want to open your Demat Account now, then you can open the account within 15 minutes by visiting Paytm Money or Zerodha’s website.
No need to search more about Groww Vs Zerodha Vs Paytm Money Quora, we hope that the information we provide in this article is up to the mark.
Which brokerage firm is best?
Discussing the Zerodha Vs Paytm Money Stock, Zerodha was the top stock brokerage firm in the year 2020. And this company provided the investor with the offer of Zero brokerage account opening. Where the customer support and help assist of Paytm Money is highly up to the mark.
Opening an account on Paytm Money and Zerodha both are completely digital, but in Paytm Money you can easily do it on one platform. Paytm technology has made the trading process very fast in Paytm Money. Although, trading costs on Paytm Money is also very low, compared to Zerodha.
Both of them provides a first-class service to its investors with a 4-5 stars customer rating and other handy benefits. After all, the decision is yours, explore your requirements and better opt for a good brokerage firm.