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ICICI Direct vs Paytm Money (Compare ICICI Direct 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 ICICI Direct vs Paytm Money, Below comparison of ICICI Direct 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 ICICI Direct vs Paytm Money is given below:

ICICI Direct

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Paytm Money

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	ICICI Direct	Paytm Money

About The Brokers

ICICI Direct :

"ICICIdirect.com, an award winning, pioneering online broking platform, The platform not only offers convenient ways to invest in Equity, Derivatives, Currency Futur >>> 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 :

ICICI Direct :

OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING

Paytm Money :

OVERVIEW BROKERAGE

Type of Broker

ICICI Direct :

Full Service Broker

Paytm Money :

Discount Broker

Promo/offers

ICICI Direct :

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

ICICI Direct :

✔ What ICICI Direct Does Well

✓	3-in-1 account — bank + trading + demat seamlessly integrated with ICICI Bank
✓	Institutional trust — ICICI Bank subsidiary since 1995; 30+ year operating history
✓	SEBI RA research team — 50+ analysts, sector coverage, stock recommendations
✓	NRI 3-in-1 account (NRE + NRO, PIS + non-PIS) — fully integrated NRI banking
✓	eATM — sale proceeds in 5–30 minutes to trading account
✓	iValue plan: ₹20/order intraday + F&O at just ₹299 one-time
✓	50+ products: equity, F&O, MF, IPO, bonds, NCDs, FD, insurance, NPS, home loans
✓	Branch support across 87+ ICICI Bank locations
✓	Trade Racer professional terminal for advanced traders
✓	VTC orders valid for 45 days
✓	Both NSDL and CDSL DP options
✓	19.5 lakh active clients — proven at massive scale

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

ICICI Direct :

✘ Where ICICI Direct Falls Short

✗	Default plan 0.29% delivery brokerage is expensive — ₹580 on ₹1L trade vs ₹0 at discount brokers
✗	AMC ₹700/year — highest among all brokers reviewed on CSB
✗	DP charge ₹20+GST per ISIN — same as Groww, Angel One; higher than Zerodha (₹15.34)
✗	Call & Trade ₹50/order — expensive
✗	MTF interest 17.99% p.a. — among the highest; mStock at 6.99%–14.99% is significantly cheaper
✗	3-in-1 account requires ICICI Bank account for full benefit — non-ICICI bank users get only 2-in-1
✗	Account closure not possible online — physical form submission required
✗	Platform innovation slower than app-first brokers like Dhan or Groww
✗	eATM proceeds go to trading account only — not bank account

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

ICICI Direct :

A Unique 3-in-1 On-line Trading Account, which includes ICICI Bank Account, ICICI Trading Account and ICICI Demat Account, is the key offering for retail stock market investors in India.
Security: Instead of transferring monies to a broker's pool or towards deposits, you can manage your own demat and bank accounts when you trade through ICICIdirect.com. It provides you the flexibility to pay only when you trade.
Largest Equity E-Broking House with >40 Lac customers.
Share trading in both NSE and BSE, innovative offerings like - Margin, MarginPlus, BTST, SPOT, Derivatives trading, overseas trading, mutual funds, IPOs and on-line life insurance.
Call-n-Trade: you can place orders securely over the telephone with the Call N Trade service.
Award Winning Research

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.

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ICICI Direct vs Paytm Money Account Opening & AMC Charges

ICICI Direct Trading Account Opening Fee is Rs 0 (Free) and Paytm Money Trading Account Opening Fee is Rs 200 . ICICI Direct Demat Account AMC is Rs 700 and Paytm Money Demat Account AMC is Rs 0 (Free) .

	ICICI Direct	Paytm Money
Trading Account Opening Fee	Trading Account Opening Fee : Rs 0 (Free)	Trading Account Opening Fee : Rs 200
Demat Account Opening Fee	Demat Account Opening Fee : Rs 0 (Free)	Demat Account Opening Fee : Rs 0 (Free)
Demat Account AMC	Demat Account AMC : Rs 700	Demat Account AMC : Rs 0 (Free)
Trading Account AMC	Trading Account AMC : Rs 0 (Free)	Trading Account AMC : Rs 300 (Annual Platform Fees)
	Open Account	Open Account

ICICI Direct vs Paytm Money Brokerage Charges

ICICI Direct Brokerage Charges Equity Delivery is 0.29% (buy + sell) and Equity Intraday is 0.029% per side and Equity Options is ₹49 per lot . 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 .

	ICICI Direct		Paytm Money
Plan Name	Plan Name : ICICI Direct Money Saver Plan	Plan Name : ICICIDirect iValue Plan	Plan Name : Basic Plan
Equity Delivery	Equity Delivery : 0.29% (buy + sell)	Equity Delivery : 0.29% (buy + sell)	Equity Delivery : Rs 20 per executed order or 2.5% whichever is low
Equity Intraday	Equity Intraday : 0.029% per side	Equity Intraday : ₹20/order flat	Equity Intraday : Rs 20 per executed order or 0.05% whichever is low
Equity Future	Equity Future : 0.029% per side	Equity Future : ₹20/order flat	Equity Future : Rs 20 per executed order or 0.01% whichever is low
Equity Options	Equity Options : ₹49 per lot	Equity Options : ₹20/order flat	Equity Options : Rs 20 per executed order
Currency Futures	Currency Futures : ₹20 flat	Currency Futures : ₹20/order flat	Currency Futures : -
Currency Options	Currency Options : ₹20 flat	Currency Options : ₹20/order flat	Currency Options : -
Monthly Fee	Monthly Fee : NA	Monthly Fee : ₹299 one-time, lifetime	Monthly Fee : NA
Margin Trading	Margin Trading : 0.05% - 0.03%	Margin Trading : 0.05% - 0.03%	Margin Trading : -
Commodity Futures	Commodity Futures : ₹20 flat	Commodity Futures : ₹20/order flat	Commodity Futures : -
Commodity Options	Commodity Options : ₹20 flat	Commodity Options : ₹20/order flat	Commodity Options : -
	Open Account		Open Account

ICICI Direct vs Paytm Money Exchange Transaction Charges

ICICI Direct Exchange Transaction Charges Equity Future is NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 and Equity Options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) . 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) .

	ICICI Direct	Paytm Money
Equity Delivery	Equity Delivery : NSE Rs 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (each side)	Equity Delivery : NSE Rs 345 per Cr (0.00345%) \| BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday	Equity Intraday : NSE Rs 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (sell side)	Equity Intraday : NSE Rs 345 per Cr (0.00345%) \| BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Future *	Equity Future : NSE Rs 190 per Cr (0.0019%) \| BSE Rs 0	Equity Future : BSE Rs 200 per Cr (0.002%)
Equity Options *	Equity Options : NSE Rs 5000 per Cr (0.05%) \| BSE Rs 3700 per Cr (0.037%) (on premium)	Equity Options : NSE Rs 5300 per Cr (0.053%) (on premium)
Currency Futures *	Currency Futures : NSE Rs 90 per Cr (0.0009%) \| BSE Rs 90 per Cr (0.0009%)	Currency Futures : -
Currency Options	Currency Options : NSE Rs 4000 per Cr (0.04%) \| BSE Rs 100 per Cr (0.001%) (on premium)	Currency Options : (on premium)
Commodity	Commodity : Group A - Rs 260 per Cr (0.0026%)	Commodity : -
	Open Account	Open Account

ICICI Direct vs Paytm Money Other Charges

ICICI Direct Minimum Brokerage is Rs 35 per trade (I-Secure Plan) and Call & Trade is Rs 50 per trade . Paytm Money and Call & Trade is Rs 100 .

	ICICI Direct	Paytm Money
Minimum Brokerage	Minimum Brokerage : Rs 35 per trade (I-Secure Plan)	Minimum Brokerage : -
Call & Trade	Call & Trade : Rs 50 per trade	Call & Trade : Rs 100
Stamp Duty *	Stamp Duty : -	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 : Margin Trading Interest: 0.025% Per day	Other Miscellaneous Charges : Platform Usage Fees-Rs. 30/month; Physical Statements/Documents-â‚¹300 per request + â‚¹300 per Courier
	Open Account	Open Account

ICICI Direct vs Paytm Money Features

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

	ICICI Direct	Paytm Money
Trading Platform	Trading Platform : ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App	Trading Platform : Paytm Money mobile app, Paytm Money website
Placing orders through charts	Placing orders through charts : -	Placing orders through charts : No
Trading Alerts	Trading Alerts : -	Trading Alerts : Yes
Research and Advice / Trading Tips	Research and Advice / Trading Tips : -	Research and Advice / Trading Tips : No
Detailed Education Initiatives	Detailed Education Initiatives : -	Detailed Education Initiatives : No
Unique features & Offers	Unique features & Offers : Offer 3-in-1 Account. Support in local ICICI Bank branches. Trusted brand.	Unique features & Offers : -
Referral Program	Referral Program : -	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

ICICI Direct vs Paytm Money Demat Account Charges

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

	ICICI Direct	Paytm Money
Depository Service Provider	Depository Service Provider : NSDL	Depository Service Provider : CDSL
Account Opening Fee	Account Opening Fee : Stamp Duty at actuals	Account Opening Fee : Nil
Advance Deposit	Advance Deposit : ₹0 for ICICI Bank customers. ₹7500 for Non ICICI BANK customers.	Advance Deposit : Nil
AMC	AMC : For Individual account: ₹700 p.a. For Corporate account: ₹1500 p.a.	AMC : Free - Zero maintenance charges
Dematerialisation Charges	Dematerialisation Charges : ₹50 Per Demat Request Form and ₹10 For Each Certificates	Dematerialisation Charges : Rs 250 per 100 shares + depository charges
Rematerialisation Charges	Rematerialisation Charges : ₹25 + CDSL charges at actual	Rematerialisation Charges : Rs 250 per 100 shares + depository charges
Transaction Charges (Credit)	Transaction Charges (Credit) : -	Transaction Charges (Credit) : -
Transaction Charges (debit)	Transaction Charges (debit) : Trades done at www.icicidirect.com - Rs 0 (NIL) Instruction submitted through Internet (E-inst / IVR) - 0.04% of value of securities(Min. Rs 30 and Max Rs 25,000) Instruction submitted through Call Centre - 0.04% of value of securities(Min. Rs 35 and Max Rs 25,000) Instruction submitted at Branches - 0.04% of value of securities(Min. Rs 40 and Max Rs 25,000)	Transaction Charges (debit) : Rs 10 per ISIN
Pledge Creation Charges	Pledge Creation Charges : 0.02% or minimum of ₹35	Pledge Creation Charges : Rs 10 per ISIN
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : 0.02% or minimum of ₹35	Pledge Creation Confirmation Charges : -
Pledge Invocation Charges	Pledge Invocation Charges : 0.02% or minimum of ₹35	Pledge Invocation Charges : Rs 10 per ISIN
Failed Instruction Charges	Failed Instruction Charges : -	Failed Instruction Charges : -
Other Charges	Other Charges : ₹200 for restoring services if account is suspended for non payment of charges.	Other Charges : Off-market transfers - Rs 10 per ISIN
	Open Account	Open Account

ICICI Direct vs Paytm Money Basic Details

ICICI Direct Year of Incorporation is 2000 and Total Number of Clients is 2045086 and Total Number of Branches is 154 . Paytm Money Year of Incorporation is 2017 and Total Number of Clients is 860278 and Total Number of Branches is 1 .

	ICICI Direct	Paytm Money
Year of Incorporation	Year of Incorporation : 2000	Year of Incorporation : 2017
Active Exchange Memberships	Active Exchange Memberships : -	Active Exchange Memberships : NSE & BSE
Demat Services	Demat Services : Yes	Demat Services : Yes
Website	Website : -	Website : www.paytmmoney.com
Contact Details	Contact Details : -	Contact Details : 080 4625 3716
Total Number of Clients	Total Number of Clients : 2,045,086	Total Number of Clients : 860,278
Total Number of Branches	Total Number of Branches : 154	Total Number of Branches : 1
Products *	Products : -	Products : Mutual Fund, Broking , NPS , Digital Gold
	Open Account	Open Account

ICICI Direct vs Paytm Money Orders

Orders

	ICICI Direct	Paytm Money
Cover Orders (CO)	Cover Orders (CO) : Yes	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) : No	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) : No	Sell Today Buy Tomorrow (STBT) : No
Good Till Cancelled (GTC) *	Good Till Cancelled (GTC) : Yes	Good Till Cancelled (GTC) : No
	Open Account	Open Account

ICICI Direct vs Paytm Money Research and Advice / Trading Tips

Research and Advice / Trading Tips

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

ICICI Direct vs Paytm Money Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	ICICI Direct	Paytm Money
Availability for franchisee / AP	Availability for franchisee / AP : -	Availability for franchisee / AP : -
Investment required for Franchisee / AP	Investment required for Franchisee / AP : -	Investment required for Franchisee / AP : -
	Open Account	Open Account

ICICI Direct vs Paytm Money Product & Services

ICICI Direct 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:

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

ICICI Direct vs Paytm Money Customer Services

ICICI Direct 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:

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

ICICI Direct vs Paytm Money Other Investement

ICICI Direct 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:

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

ICICI Direct vs Paytm Money Trading Platform

ICICI Direct 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:

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