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Firstock vs Paytm Money (Compare Firstock and Paytm Money)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between Firstock vs Paytm Money, Below comparison of Firstock vs Paytm Money highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

One on One comparison of Firstock vs Paytm Money is given below:

Firstock

Paytm Money

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	Firstock	Paytm Money

About The Brokers

Firstock :

Incorporated in 2021, Firstock Broking Pvt. Ltd is a tech-driven discount broking platform offering seamless investing in Stocks, F&O, ETFs, SGBs, G-Secs, and Stock SIPs. Enjoy free deliver >>> more

Paytm Money :

"Paytm Money is a newly launched direct mutual fund distribution and stockbroking arm of the popular digital wallet of India with the intent to provide a fully digital >>> more

Find More Information about the Broker :

Firstock :

OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS

Paytm Money :

OVERVIEW BROKERAGE

Type of Broker

Firstock :

Discount Broker

Paytm Money :

Discount Broker

Promo/offers

Firstock :

N/A

Paytm Money :

Special Offer: Pay â‚¹0 brokerage for first 15 days and flat â‚¹20 per trade brokerage for delivery, intra-day and F&O trades thereafter. Get the offer

Advantage

Firstock :

✔ What Firstock Does Well

✓	₹0 delivery brokerage
✓	₹0 AMC lifetime + ₹0 account opening
✓	₹0 pledge charges — rare benefit for margin traders
✓	₹0 payment gateway — add funds without any charge
✓	₹0 direct MF investment charges
✓	Free API for algo trading
✓	TradingView-integrated charts across web & desktop
✓	GTT orders, basket orders, strategy builder
✓	NRI accounts (NRE + NRO, PIS + non-PIS)
✓	MF, IPO, G-Secs, Sovereign Gold Bonds, ETFs — wide product range
✓	Desktop .exe + web + mobile triple platform

Paytm Money :

✔ What Paytm Money Does Well

✓	₹0 AMC for lifetime — no conditions
✓	₹0 platform fee from Jan 2025 (was ₹300/yr)
✓	T+5 PayLater — hold intraday positions up to 5 days
✓	WealthBasket — curated expert stock portfolios
✓	Direct MF — zero commission, direct plans
✓	NPS investment — rare among discount brokers
✓	Bonds investment available — government & corporate
✓	SEBI-registered Research Analyst — stock & F&O recommendations
✓	TradingView charts at tv.pml.com — full charting with order placement
✓	GTT, OCO GTT, basket orders, advanced charting
✓	DP charge ₹20 (standard industry rate)

Disadvantage

Firstock :

✘ Where Firstock Falls Short

✗	Very new brand (Firstock since June 2025) — limited public track record and review data
✗	Small user base (25,000+ active) — less stress-tested infrastructure vs major brokers
✗	No commodity trading (MCX)
✗	Call & Trade: ₹50+GST per order — high for a smaller broker
✗	Auto square-off: ₹50+GST per order
✗	DDPI charge: ₹100+GST one-time
✗	Login delay issues reported during heavy market sessions
✗	Bangalore-only head office; no physical branch presence
✗	F&O brokerage ₹20 is standard, not a differentiator

Paytm Money :

✘ Where Upstox Falls Short

✗	Call & Trade ₹100 — HIGHEST in India by far
✗	No commodity trading (MCX) — unique gap vs all peers
✗	No currency derivatives trading
✗	NRI accounts NOT available
✗	No phone-based customer support — chat & email only
✗	Paytm parent company financial instability concerns
✗	No branches — 100% online only
✗	Research thinner than Angel One's free advisory
✗	Delivery brokerage ₹20 — unlike Zerodha's ₹0
✗	Smaller active client base (7.24L) vs top 4 brokers

Why This

Firstock :

They offer a wide range of services, including Equity (Stocks), Futures & Options (F&O), ETFs (Exchange Traded Funds), Sovereign Gold Bonds (SGBs), Government Securities (G-Secs), and Stock SIPs.
You can access trading through their feature-rich mobile app, web platform, and desktop Exe, catering to all types of traders.
You can unlock additional margin instantly using existing holdings, allowing you to maximize your trading capacity without selling assets.
Get instant trade updates, market alerts, and notifications, helping you stay on top of market movements and act swiftly.
Analyze company performance with interactive charts and detailed financial reports, helping you make well-informed, research-backed investment decisions.
The account opening process is easy and paperless, with instant verification via Aadhaar and DigiLocker.
They offer a Discount Plan with brokerage charges as low as Rs 20 per executed order across various segments, including Equity Delivery, Intraday, Futures, Options, Currency, and Commodity.

Paytm Money :

Free Delivery Trade, Paytm Money does not charge any brokerage on Delivery trade.
They offer the lowest charges on Equity intraday trade which is at ₹ 10 or 0.05% (whichever is lower)
Paytm Money provides mutual funds investment at Zero Commission, No transaction charges,
100% paperless online Demat account opening
128 bit SSL Encryption for data Security
Get complete stock analysis with company financials like P&L, Balance Sheet, etc & pick your best shares to buy free of cost
In-depth financial and historical price data for every listed company which enables investors to research the stock market on their own
Users can automate stock investing by setting buy orders on a weekly or monthly basis
Facility to invest online in digital gold and NPS along with stocks, derivatives, and MFs
Advanced charts and other options like cover order and bracket order are available
Online IPO application.
Brokerage Calculator
Provides Mutual Fund Investment Advisory Services.

Open Account

Firstock vs Paytm Money Account Opening & AMC Charges

Firstock Trading Account Opening Fee is ₹0 and Paytm Money Trading Account Opening Fee is Rs 200 . Firstock Demat Account AMC is ₹0 and Paytm Money Demat Account AMC is Rs 0 (Free) .

	Firstock	Paytm Money
Trading Account Opening Fee	Trading Account Opening Fee : ₹0	Trading Account Opening Fee : Rs 200
Demat Account Opening Fee	Demat Account Opening Fee : ₹0	Demat Account Opening Fee : Rs 0 (Free)
Demat Account AMC	Demat Account AMC : ₹0	Demat Account AMC : Rs 0 (Free)
Trading Account AMC	Trading Account AMC : ₹0	Trading Account AMC : Rs 300 (Annual Platform Fees)
	Open Account	Open Account

Firstock vs Paytm Money Brokerage Charges

Firstock Brokerage Charges Paytm Money Brokerage Charges Equity Delivery is Rs 20 per executed order or 2.5% whichever is low and Equity Intraday is Rs 20 per executed order or 0.05% whichever is low and Equity Options is Rs 20 per executed order .

	Firstock	Paytm Money
Plan Name	Plan Name : Standard Plan	Plan Name : Basic Plan
Equity Delivery	Equity Delivery : ₹0	Equity Delivery : Rs 20 per executed order or 2.5% whichever is low
Equity Intraday	Equity Intraday : ₹20 per executed order	Equity Intraday : Rs 20 per executed order or 0.05% whichever is low
Equity Future	Equity Future : ₹20 per order, 0.03% or whichever is lower	Equity Future : Rs 20 per executed order or 0.01% whichever is low
Equity Options	Equity Options : ₹20 per order, 0.03% or whichever is lower	Equity Options : Rs 20 per executed order
Currency Futures	Currency Futures : -	Currency Futures : -
Currency Options	Currency Options : -	Currency Options : -
Monthly Fee	Monthly Fee : -	Monthly Fee : NA
Margin Trading	Margin Trading : -	Margin Trading : -
Commodity Futures	Commodity Futures : -	Commodity Futures : -
Commodity Options	Commodity Options : -	Commodity Options : -
	Open Account	Open Account

Firstock vs Paytm Money Exchange Transaction Charges

Firstock Exchange Transaction Charges Equity Future is ₹20 per order, 0.03% or whichever is lower and Equity Options is ₹20 per order, 0.03% or whichever is lower . Paytm Money Exchange Transaction Charges Equity Future is BSE Rs 200 per Cr (0.002%) and Equity Options is NSE Rs 5300 per Cr (0.053%) (on premium) .

	Firstock	Paytm Money
Equity Delivery	Equity Delivery : ₹0	Equity Delivery : NSE Rs 345 per Cr (0.00345%) \| BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday	Equity Intraday : Rs 20 per executed order	Equity Intraday : NSE Rs 345 per Cr (0.00345%) \| BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Future *	Equity Future : ₹20 per order, 0.03% or whichever is lower	Equity Future : BSE Rs 200 per Cr (0.002%)
Equity Options *	Equity Options : ₹20 per order, 0.03% or whichever is lower	Equity Options : NSE Rs 5300 per Cr (0.053%) (on premium)
Currency Futures *	Currency Futures : -	Currency Futures : -
Currency Options	Currency Options : -	Currency Options : (on premium)
Commodity	Commodity : -	Commodity : -
	Open Account	Open Account

Firstock vs Paytm Money Other Charges

Firstock and Call & Trade is ₹50 . Paytm Money and Call & Trade is Rs 100 .

	Firstock	Paytm Money
Minimum Brokerage	Minimum Brokerage : -	Minimum Brokerage : -
Call & Trade	Call & Trade : ₹50	Call & Trade : Rs 100
Stamp Duty *	Stamp Duty : Delivery: 0.015%, Intraday: 0.003%	Stamp Duty : -
DP Charges (on sell side)	DP Charges (on sell side) : -	DP Charges (on sell side) : ₹10/- per ISIN (incl the depository trans charges)
Other Miscellaneous Charges	Other Miscellaneous Charges : -	Other Miscellaneous Charges : Platform Usage Fees-Rs. 30/month; Physical Statements/Documents-â‚¹300 per request + â‚¹300 per Courier
	Open Account	Open Account

Firstock vs Paytm Money Features

Firstock and Paytm Money both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

	Firstock	Paytm Money
Trading Platform	Trading Platform : Trade & Invest: Mobile App, Desktop Exe, Web	Trading Platform : Paytm Money mobile app, Paytm Money website
Placing orders through charts	Placing orders through charts : Yes	Placing orders through charts : No
Trading Alerts	Trading Alerts : Yes	Trading Alerts : Yes
Research and Advice / Trading Tips	Research and Advice / Trading Tips : No	Research and Advice / Trading Tips : No
Detailed Education Initiatives	Detailed Education Initiatives : No	Detailed Education Initiatives : No
Unique features & Offers	Unique features & Offers : -	Unique features & Offers : -
Referral Program	Referral Program : Yes	Referral Program : -
Margin Against Shares (Equity Cash) *	Margin Against Shares (Equity Cash) : Yes	Margin Against Shares (Equity Cash) : No
Margin Against Shares (Equity F&O) *	Margin Against Shares (Equity F&O) : Yes	Margin Against Shares (Equity F&O) : No
	Open Account	Open Account

Firstock vs Paytm Money Demat Account Charges

A comparative table of various demat account charges between Firstock and Paytm Money is below:

	Firstock	Paytm Money
Depository Service Provider	Depository Service Provider : CDSL and NSDL	Depository Service Provider : CDSL
Account Opening Fee	Account Opening Fee : ₹0	Account Opening Fee : Nil
Advance Deposit	Advance Deposit : -	Advance Deposit : Nil
AMC	AMC : ₹0	AMC : Free - Zero maintenance charges
Dematerialisation Charges	Dematerialisation Charges : ₹150 (per certificate)	Dematerialisation Charges : Rs 250 per 100 shares + depository charges
Rematerialisation Charges	Rematerialisation Charges : ₹150 (per certificate)	Rematerialisation Charges : Rs 250 per 100 shares + depository charges
Transaction Charges (Credit)	Transaction Charges (Credit) : -	Transaction Charges (Credit) : -
Transaction Charges (debit)	Transaction Charges (debit) : Sell-Rs.8-+ Rs.5.50/- + GST (CDSL Charges)	Transaction Charges (debit) : Rs 10 per ISIN
Pledge Creation Charges	Pledge Creation Charges : -	Pledge Creation Charges : Rs 10 per ISIN
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : -	Pledge Creation Confirmation Charges : -
Pledge Invocation Charges	Pledge Invocation Charges : -	Pledge Invocation Charges : Rs 10 per ISIN
Failed Instruction Charges	Failed Instruction Charges : -	Failed Instruction Charges : -
Other Charges	Other Charges : -	Other Charges : Off-market transfers - Rs 10 per ISIN
	Open Account	Open Account

Firstock vs Paytm Money Basic Details

Firstock Year of Incorporation is 2021 and and . Paytm Money Year of Incorporation is 2017 and Total Number of Clients is 860278 and Total Number of Branches is 1 .

	Firstock	Paytm Money
Year of Incorporation	Year of Incorporation : 2021	Year of Incorporation : 2017
Active Exchange Memberships	Active Exchange Memberships : NSE, BSE	Active Exchange Memberships : NSE & BSE
Demat Services	Demat Services : CDSL, NSDL	Demat Services : Yes
Website	Website : https://www.firstock.in/	Website : www.paytmmoney.com
Contact Details	Contact Details : 080 4670 2050	Contact Details : 080 4625 3716
Total Number of Clients	Total Number of Clients : -	Total Number of Clients : 860,278
Total Number of Branches	Total Number of Branches : -	Total Number of Branches : 1
Products *	Products : Equity, F&O, ETFs, SGBs	Products : Mutual Fund, Broking , NPS , Digital Gold
	Open Account	Open Account

Firstock vs Paytm Money Orders

Orders

	Firstock	Paytm Money
Cover Orders (CO)	Cover Orders (CO) : No	Cover Orders (CO) : Yes
Bracket orders / One Cancels Other (BO / OCO)	Bracket orders / One Cancels Other (BO / OCO) : No	Bracket orders / One Cancels Other (BO / OCO) : Yes
After Market Orders (AMO)	After Market Orders (AMO) : Yes	After Market Orders (AMO) : Yes
Buy Today Sell Tomorrow (BTST) *	Buy Today Sell Tomorrow (BTST) : Yes	Buy Today Sell Tomorrow (BTST) : Yes
Sell Today Buy Tomorrow (STBT) *	Sell Today Buy Tomorrow (STBT) : Yes	Sell Today Buy Tomorrow (STBT) : No
Good Till Cancelled (GTC) *	Good Till Cancelled (GTC) : No	Good Till Cancelled (GTC) : No
	Open Account	Open Account

Firstock vs Paytm Money Research and Advice / Trading Tips

Research and Advice / Trading Tips

	Firstock	Paytm Money
Equity Trading Recommendation *	Equity Trading Recommendation : No	Equity Trading Recommendation : No
Equity Investment Recommendation *	Equity Investment Recommendation : No	Equity Investment Recommendation : No
Recommendation basis risk Profile *	Recommendation basis risk Profile : No	Recommendation basis risk Profile : No
Comparison *	Comparison : No	Comparison : No
Free Tips *	Free Tips : No	Free Tips : No
Daily Market report *	Daily Market report : No	Daily Market report : No
ETF research *	ETF research : Yes	ETF research : No
Quarterly Results *	Quarterly Results : No	Quarterly Results : No
	Open Account	Open Account

Firstock vs Paytm Money Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	Firstock	Paytm Money
Availability for franchisee / AP	Availability for franchisee / AP : No	Availability for franchisee / AP : -
Investment required for Franchisee / AP	Investment required for Franchisee / AP : No	Investment required for Franchisee / AP : -
	Open Account	Open Account

Firstock vs Paytm Money Product & Services

Firstock and Paytm Money both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

	Firstock	Paytm Money
Delivery Based Trading *	Delivery Based Trading : Yes	Delivery Based Trading : Yes
Margin Trading *	Margin Trading : Yes	Margin Trading : No
Call N Trade *	Call N Trade : Yes	Call N Trade : Rs 300 Per call
Trading in Both the exchanges *	Trading in Both the exchanges : Yes	Trading in Both the exchanges : Yes
Limit Order *	Limit Order : Yes	Limit Order : -
3-in-1 On-line Trading Account *	3-in-1 On-line Trading Account : No	3-in-1 On-line Trading Account : No
NRI Services *	NRI Services : Yes	NRI Services : No
SMS Alerts *	SMS Alerts : Yes	SMS Alerts : No
Offers Multiple Plan *	Offers Multiple Plan : No	Offers Multiple Plan : No
IPO Investment *	IPO Investment : Yes	IPO Investment : Yes
Portfolio Analysis *	Portfolio Analysis : No	Portfolio Analysis : -
Advanced Charting Features *	Advanced Charting Features : Yes	Advanced Charting Features : Yes
Brokerage Calculator *	Brokerage Calculator : Yes	Brokerage Calculator : Yes
Margin Calculator *	Margin Calculator : Yes	Margin Calculator : No
Stop Loss Order *	Stop Loss Order : -	Stop Loss Order : Yes
Bracket Orders & Trailing Stop Loss *	Bracket Orders & Trailing Stop Loss : -	Bracket Orders & Trailing Stop Loss : Yes
Equity Future & Option Trading *	Equity Future & Option Trading : Yes	Equity Future & Option Trading : Yes
Currency Future & Option Trading *	Currency Future & Option Trading : No	Currency Future & Option Trading : No
Market Trading *	Market Trading : Yes	Market Trading : Yes
Monthly & Yearly Plan *	Monthly & Yearly Plan : No	Monthly & Yearly Plan : No
Aumtomated Trading *	Aumtomated Trading : Yes	Aumtomated Trading : No
	Open Account	Open Account

Firstock vs Paytm Money Customer Services

Firstock and Paytm Money both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

	Firstock	Paytm Money
Toll Free Number *	Toll Free Number : Yes	Toll Free Number : No
Live Chat Facility *	Live Chat Facility : No	Live Chat Facility : No
Email Facility *	Email Facility : Yes	Email Facility : Yes
Branch Offices *	Branch Offices : No	Branch Offices : No
Customer Care *	Customer Care : Yes	Customer Care : No
Community Service *	Community Service : No	Community Service : No
Relationship Manager *	Relationship Manager : No	Relationship Manager : No
24/7 Support *	24/7 Support : No	24/7 Support : No
	Open Account	Open Account

Firstock vs Paytm Money Other Investement

Firstock and Paytm Money both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

	Firstock	Paytm Money
Commodity Trading *	Commodity Trading : No	Commodity Trading : No
Investment in ETFs *	Investment in ETFs : Yes	Investment in ETFs : No
Investment in Mutual Funds *	Investment in Mutual Funds : Yes	Investment in Mutual Funds : Yes
Investment in Bonds *	Investment in Bonds : No	Investment in Bonds : No
Investment in Corporate Debt instruments *	Investment in Corporate Debt instruments : No	Investment in Corporate Debt instruments : No
Insurance Services *	Insurance Services : No	Insurance Services : No
Banking Services *	Banking Services : No	Banking Services : No
	Open Account	Open Account

Firstock vs Paytm Money Trading Platform

Firstock and Paytm Money both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

	Firstock	Paytm Money
Web Platform *	Web Platform : Yes	Web Platform : Yes
Android Mobile App *	Android Mobile App : Yes	Android Mobile App : Yes
Desktop Windows *	Desktop Windows : Yes	Desktop Windows : No
Desktop Mac *	Desktop Mac : No	Desktop Mac : No
I-Pad App *	I-Pad App : No	I-Pad App : Yes
Virtual Trading *	Virtual Trading : -	Virtual Trading : No
iPhone Mobile App *	iPhone Mobile App : Yes	iPhone Mobile App : Yes
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	Open Account	Open Account