Quick Comparision (Paytm Money
VS Elite Wealth)
Paytm Money
Paytm Money gives an overall review and updates about the Brokerage Charges, Margin, Trading Software, We can also review Paytm Money Demat Account Charges, NRI Account, Branches, Customer Complaints, Advantages and Disadvantages.
Paytm Money
Elite Wealth
Single Margin Facility
Year of Incorporation
2018
1990
Exchanges
BSE and NSE
NSE, BSE, MCX and NCDEX
Branches
Zero
N/A
Brokerage
₹15/ Order
0.03%
Broker Type
Discount Broker
Full Service Broker
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Paytm Money
Elite Wealth
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method
Trading Account AMC
₹0 (Free)
₹0 (Free)
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Paytm Money
Elite Wealth
Commodity Futures
N/A
0.03%
Currency Futures
N/A
0.03%
Equity Delivery
2.5% or ₹15/Order
0.33%
Equity Options
₹15/ Order
₹33 per Lot
Commodity Options
N/A
0.03%
Equity Futures
₹15/ Order or 0.02% (whichever is lower)
0.03%
Currency Options
N/A
₹33 per Lot
Fixed Charges
₹15/ Order
0.03%
Equity Intraday
₹15/ Order or 0.05% (whichever is lower)
0.03%
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Paytm Money
Elite Wealth
RMS Square Off Charge
₹50 + GST
₹0 (Free)
API Charges
₹0 (Free)
₹0 (Free)
Call & Trade Charges
₹100/ Order
₹0 (Free)
Other Brokerage Charges
₹15/ Order
0.03%
Minimum Brokerage
₹15/ Order
0.03%
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Paytm Money
Elite Wealth
Currency Options
N/A
NSE: Exchange turnover charge: 0.04% | Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% |Clearing charge: 0.025%
Equity Futures
NSE - 0.002%
NSE: 0.00195% on Total Turnover value
Equity Intraday
NSE - 0.00345% of turnover | BSE- 0.00345% of turnover
NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group | Exchange turnover charge: 0.00022% | Clearing charge: 0.0004%
Equity Options
0.053% on Option premium
NSE: 0.053% on Premium value
Commodity
N/A
Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month To) 0.0013% On Turnover For A Category (Far Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Followers Scrip: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN
Currency Futures
N/A
NSE: Exchange turnover charge: 0.0009% |Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% |Clearing charge: 0.0004%
Equity Delivery
NSE - 0.00345% of turnover | BSE- 0.00345% of turnover
NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group Exchange turnover charge: 0.00022% | Clearing charge: 0.0004%
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Paytm Money
Elite Wealth
Equity Options
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
Equity Intraday
5x (Up to 20% of trade value)
5x (Up to 20% of trade value)
Currency Options
N/A
1x (100% of Normal margin (Span + exposure))
Commodity Options
N/A
1x (100% of Normal margin (Span + Exposure))
Commodity Futures
N/A
1x (100% of Normal margin (Span + Exposure))
Equity Delivery
1x (100% of trade value)
1x (100% of trade value)
Currency Futures
N/A
1x (100% of Normal margin (Span + exposure))
Equity Futures
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
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Paytm Money
Elite Wealth
Online Portfolio
Algo Trading
Margin Trading Facility
Call & Trade Facility
Referral Program
Collateral Margin
Online Demo
3 in 1 Account
Charting
Intraday Square-off Time
Equity & F&O:- 3:10 PM
Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM
Trading Platform
• Paytm Money- Web (Browser Based). • Paytm Money App (Mobile application)
1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform
SMS Alerts for Trades
Direct Mutual Fund
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Paytm Money
Elite Wealth
Trading Brokerage
Customer Service
Fees
Trading Platform Usability
Mobile App
Research
Desktop Software
Overall Ratings
Broker Rating
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Paytm Money
Elite Wealth
Currency
IPO
Commodity
Debt
Other Options
Stock Cash / Equity
Mutual Funds
Bond / NCD
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Paytm Money
Elite Wealth
Bracket Order/BO/OCO
BTST
Cover Order/CO
Good Till Cancelled (GTC)
BUY ABOVE/SELL BELOW (SL-M)
After Market Order(AMO)
STBT
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Paytm Money
Elite Wealth
Free Tips
Quarterly Result Analysis
Daily Market Report
News Alerts
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Paytm Money
Elite Wealth
Casual Investor
Active Investor
Trader
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Paytm Money
Elite Wealth
Pros
1. Simple and user friendly Trading Platform 2. Lowest trading charges and free Equity delivery 3. No maintenance Charges 4. Instant Account open 5. You can invest in digital gold, Mutual Fund and NPS
1. It is a full-service broker 2. It provides equity and Mutual Fund research and recommendation services to all its customers. 3. Excellent Research 4. Call n Trade Facility 5. It facilitates its customers with a RM (Relationship Manager). 6. It offers Upcoming IPO updates 7. Online access to the account on all days
Cons
1. Zero Margin Facility 2. Paytm Money do not offer NRI Trading 3. Commodity and Currency trading are not Available in Paytm Money 4. There is no Branch Support
1. Brokerage charges are high as compared to the discount brokers. 2. It does not provide three-in-one account and does not have banking license. 3. Risk of Overtrading.
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Paytm Money
Elite Wealth
Commodity Futures
N/A
0.01% on Sell Side Non-Agri
Currency Futures
N/A
No STT
Equity Intraday
0.025% on the Sell Side
0.025% on Sell
Equity Options
0.05% on Sell Side(on Premium)
0.05% on Sell (on Premium)
Currency Options
N/A
No STT
Equity Delivery
0.1% on both Buy and Sell
0.1% on both buy & Sell
Equity Futures
0.01% on Sell Side
0.01 % on Sell
Commodity Options
N/A
0.05% on Sell Side
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Paytm Money
Elite Wealth
Equity Demat Transaction Charges
₹13.5 + GST per scrip only on sell
No Charges
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Paytm Money
Elite Wealth
Equity/Currencies/Commodities ( Delivery & FNO)
18% on (Brokerage + Transaction Charge + SEBI Fee)
18% on (Brokerage + Transaction Charge)
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Paytm Money
Elite Wealth
Equity/Currencies/Commodities ( Delivery & FNO)
₹10/Crore
₹10/Crore
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Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method
Trading Account AMC
₹0 (Free)
₹0 (Free)
Enquiry with Elite Wealth
Paytm Money
Elite Wealth
Paytm Money Review | Brokerage Charges, Account Opening Paytm announced its entry into stockbroking through the launch of Paytm Money. The discount broker Paytm Money is an online investment and advisory platform targeted at first-time users. It’s a subsidiary of Noida-based One97 Communications, the company that owns Paytm, and is India’s largest digital payment platfo ..
+ " Vs "+ Elite Wealth
Elite Wealth Review | Products and Trading Platforms
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Paytm Money
Elite Wealth
Commodity Futures
N/A
0.03%
Currency Futures
N/A
0.03%
Equity Delivery
2.5% or ₹15/Order
0.33%
Equity Options
₹15/ Order
₹33 per Lot
Commodity Options
N/A
0.03%
Equity Futures
₹15/ Order or 0.02% (whichever is lower)
0.03%
Currency Options
N/A
₹33 per Lot
Fixed Charges
₹15/ Order
0.03%
Equity Intraday
₹15/ Order or 0.05% (whichever is lower)
0.03%
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Paytm Money
Elite Wealth
Equity Options
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
Equity Intraday
5x (Up to 20% of trade value)
5x (Up to 20% of trade value)
Currency Options
N/A
1x (100% of Normal margin (Span + exposure))
Commodity Options
N/A
1x (100% of Normal margin (Span + Exposure))
Commodity Futures
N/A
1x (100% of Normal margin (Span + Exposure))
Equity Delivery
1x (100% of trade value)
1x (100% of trade value)
Currency Futures
N/A
1x (100% of Normal margin (Span + exposure))
Equity Futures
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
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Paytm Money
Elite Wealth
RMS Square Off Charge
₹50 + GST
₹0 (Free)
API Charges
₹0 (Free)
₹0 (Free)
Call & Trade Charges
₹100/ Order
₹0 (Free)
Other Brokerage Charges
₹15/ Order
0.03%
Minimum Brokerage
₹15/ Order
0.03%
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Paytm Money
Elite Wealth
Commodity Futures
N/A
0.01% on Sell Side Non-Agri
Currency Futures
N/A
No STT
Equity Intraday
0.025% on the Sell Side
0.025% on Sell
Equity Options
0.05% on Sell Side(on Premium)
0.05% on Sell (on Premium)
Currency Options
N/A
No STT
Equity Delivery
0.1% on both Buy and Sell
0.1% on both buy & Sell
Equity Futures
0.01% on Sell Side
0.01 % on Sell
Commodity Options
N/A
0.05% on Sell Side
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Paytm Money
Elite Wealth
Equity Demat Transaction Charges
₹13.5 + GST per scrip only on sell
No Charges
Call Back
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Paytm Money
Elite Wealth
Equity/Currencies/Commodities ( Delivery & FNO)
18% on (Brokerage + Transaction Charge + SEBI Fee)
18% on (Brokerage + Transaction Charge)
Call Back
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Enquiry with Elite Wealth
Paytm Money
Elite Wealth
Equity/Currencies/Commodities ( Delivery & FNO)
₹10/Crore
₹10/Crore
Call Back
Open Account
Enquiry with Elite Wealth
Paytm Money
Elite Wealth
Online Portfolio
Algo Trading
Margin Trading Facility
Call & Trade Facility
Referral Program
Collateral Margin
Online Demo
3 in 1 Account
Charting
Intraday Square-off Time
Equity & F&O:- 3:10 PM
Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM
Trading Platform
• Paytm Money- Web (Browser Based). • Paytm Money App (Mobile application)
1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform
SMS Alerts for Trades
Direct Mutual Fund
Call Back
Open Account
Enquiry with Elite Wealth