Paytm Money Review
Paytm Money Track Record Of Best Online Stock Broker In India
Paytm Money Review
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. Its a subsidiary of Noida-based One97 Communications, the company that owns Paytm, India’s largest digital payment platform. Paytm Money is established in 2018 and is headquartered in Bengaluru. Paytm Money is a SEBI registered stockbroker and an Investment Advisor. Recently Paytm claims to have reached a customer base of 6.7 million, surpassing Zerodha, one of the largest retail brokerage firms in the country, by volume. Paytm Money sells ₹20 crore worth of direct mutual funds on its platform daily. It also sells product related to national pension scheme (NPS) and stocks. Paytm Money provides low-cost regular and direct investment plans trying to help users save money by eliminating traditional broker commissions that users would otherwise have to pay to invest through these plans. Paytm Money offers competitive charges for trading with free Equity Delivery trading. Paytm Money offers Free Mutual Fund services with no charges to invest or redeem the mutual funds.
Key Strength of Paytm Money
1. Paytm Money offers upto 1% higher returns with direct Plan.
2. There is no hidden Charges or Investment Fee in Paytm Money Mutual Fund.
3. Paytm offers the lowest Trading fee and free delivery.
4. It provides fast account opening and you can start trading in next 5 minutes completing process.
Paytm Money Pros and Cons
Paytm Money has following advantages you must know Paytm money and disadvantage before opening Account and trading in share Market. Paytm Pros and Cons helps you to know more about brokers strength and weakness.
Paytm Money 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
Paytm Money Cons
There are following disadvantage of Paytm Money that you should know before opening account in Paytm Money.
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
Frequently Asked Question
Paytm Money has a user-friendly trading app that can be used seamlessly for trading orders. Their trading app is easy to use and has loads of awesome features, available to iOS as well as Android users.
Paytm Money is a new Company , As a being a discount broker, Paytm Money is highly affordable and accessible for beginners as well as experienced customers.
There is Zero Annual Maintenance Charge (AMC) for Demat Account and Trading account. AMC is charged to maintain the accounts.
Yes, it is very important to complete your KYC verification on Paytm Money .
It is a very safe and coherent platform to do trading and investments .
Paytm Money charges Rs10 per executed order or 0.05% whichever is lower for intraday trade All open intraday orders are auto squared-off at the end of the day. Extra leverage is offered for these trades
Yes. You can buy/sell Mutual Funds if you have an account with Paytm Money. You can also get upto 1% higher returns with direct plans.
On Paytm Money, you can start your SIP as low as Rs. 100 .
No, it is not permitted to invest through credit card at Paytm Money .
No. Paytm Money doesn't provide trading tips for stock and commodity trading.
Paytm Money charges Rs 10 per executed order for equity, currency and commodity options trading. Options are highly leveraged derivative products. Options trading is used in hedging or reducing the risk exposure of the portfolio.
Delivery Charges is a fee charged by the stock exchanges for trades done through them. Most brokers include clearing charges to it. These charges can be seen in the contract note.
It is not permitted to invest via Paytm wallet. You can invest via Net banking, UPI and Debit card of your verified account.