FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
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Finvasia Vs ICICIDirect Vs Paytm Money: Which one is better?

The brokerage of Finvasia ranges between Rs 0, the brokerage of ICICIDirect ranges between Rs. 20, while the brokerage of Paytm Money ranges between Rs 20. The broker Finvasia and Paytm Money are discount brokers where ICICIDirect is a full service broker. Overall rating for Finvasia is 4, ICICIDirect is rated 4, Paytm Money is rated 4 out of 5.

Here we present side-by-side comparison of Finvasia vs ICICIDirect vs Paytm Money stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Finvasia vs ICICIDirect vs Paytm Money on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better Finvasia vs ICICIDirect vs Paytm Money in this setion with 360 degree view of broker information.

Compare Finvasia vs ICICIDirect vs Paytm Money on Service

  Finvasia Compare
Finvasia
ICICIDirect Compare
ICICIDirect
Paytm Money Compare
Paytm Money
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Discount Broker Full Service Broker Discount Broker
Exchanges Supported BSE, NSE, MCX, NCDEX NSE, BSE, MCX NSE, BSE
Broker Overview Finvasia is India’s first discount brokerage house offering zero brokerage online trading account, zero lifetime Demat AMC, and online trading in stocks, derivatives, commodities, and currencies at absolutely NIL brokerage on the feature-rich S... Know more about Finvasia ICICIDirect is one of the top-rated full-service stock brokers serving an active clientele base of above 30 lakh. Its multiple trading & investing products, Rs. 20 NEO flat discount brokerage plan, reliable research and advisory, and advanced tec...Know more about ICICIDirect In a short span of time since 2017, Paytm Money became one of the fastest-growing brokers with its Rs. 20 maximum brokerage trading fee, and commission-free mutual fund investment on the simple, user-friendly, & transparent Paytm Money App & ... Know more about Paytm Money
Broker Enquiry Request call back from Zerodha Request call back from Zerodha Request call back from Paytm Money
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Account Opening Charges and AMC

Compare Finvasia vs ICICIDirect vs Paytm Money on Trading & Demat Account Opening Charges

In this section we have compared Finvasia vs ICICIDirect vs Paytm Money on trading & demat account opening charges and AMC. Trading account opening charges - All 3 brokers offers Free Trading account opening. Demat AMC charges - Finvasia charges Free as AMC for Demat account, ICICIDirect charges Rs 300 per annum AMC for Demat account, where Paytm Money charges Free AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Finvasia vs ICICIDirect vs Paytm Money
Charges Finvasia ICICIDirect Paytm Money
Trading Account Opening Fees Free Free Free
Trading AMC Free Free Rs 30 per month (Platform fees)
Demat Account Opening Fees Free Free Free
Demat AMC Free Rs 300 per annum Free
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare Finvasia vs ICICIDirect vs Paytm Money on Plan Options

Plans are the most important feature you look when compare Finvasia vs ICICIDirect vs Paytm Money. This section copare on high level about type of plans offered by brokers. Miltiple Plans - ICICIDirect offers Multiple Plans where Finvasia and Paytm Money doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.

Compare Finvasia vs ICICIDirect vs Paytm Money on Plan Options
Plan Types Finvasia ICICIDirect Paytm Money
Multiple Plans No Yes No
Monthly Plans No No No
Yearly Plans No No No
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Account Opening Request

Account Opening

  Zerodha Zerodha Paytm Money
Account Opening Request
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Brokerage Charges

Compare Finvasia vs ICICIDirect vs Paytm Moneyon Brokerage Charges

Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.

ICICIDirect Brokerage Plan detail - ICICI Direct NEO is a flat brokerage plan that charges a flat fee of Rs. 20 per order on equity intraday, equity options, currency, and commodity derivative trading segment while offers free equity futures trading.

Paytm Money Brokerage Plan detail - Paytm Money offers a flat brokerage plan for trading in the equity segment whereas mutual fund investment with Paytm Money is absolutely free of cost. The brokerage house offers online trading at a maximum Rs 20 per order brokerage fee, while if you already have an active demat and trading account with Paytm Money before 26 August, you will still enjoy trading across segments at a maximum brokerage of Rs 15 per executed order.

Brokerage Charges - Compare Finvasia vs ICICIDirect vs Paytm Money
Brokerage Charges Compare Finvasia ICICIDirect Paytm Money
Plan Name Zero Brokerage Trading Plan NEO Flat Discount Brokerage Plan Flat Brokerage Plan
Equity Delivery Rs 0 0.55% 2.5% or Rs 20 whichever is lower
Equity Intraday Rs 0 Flat Rs. 20 per order 0.05% or Rs 20 whichever is lower
Equity Futures Rs 0 Free (Rs. 0 brokerage) 0.02% or Rs 20 whichever is lower
Equity Options Rs 0 Flat Rs. 20 per order Flat Fee Rs 20
Currency Futures Rs 0 Flat Rs. 20 per order NA
Currency Options Rs 0 Flat Rs. 20 per order NA
Commodity Trading Rs 0 Flat Rs. 20 per order NA
Minimum Brokerage NA Rs 35 per trade
Hidden Charges No Yes
Call & Trade Charges Free First 20 call free and Rs 25 there onwards. Rs 100/order +GST
Auto Square off Charges Free First 20 call free and Rs 25 there onwards. Rs 50/order + GST
Brokerage Calculator Brokerage Calculator for Finvasia Brokerage Calculator for ICICIDirect Brokerage Calculator for Paytm Money
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Share Broker's Transaction Charges

Compare Finvasia vs ICICIDirect vs Paytm Money on Transaction Charges

Compare Finvasia vs ICICIDirect vs Paytm Money on transaction charges and PCM fee by segment.

Transaction Charges - Compare Finvasia vs ICICIDirect vs Paytm Money
Transaction Charges Compare Finvasia ICICIDirect Paytm Money
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr NA NA
Brokerage Charges Complete Brokerage Plans for finvasia Complete Brokerage Plans for icicidirect Complete Brokerage Plans for paytm-money
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Account Features

Compare Finvasia vs ICICIDirect vs Paytm Money on Account Features

Compare Finvasia vs ICICIDirect vs Paytm Money on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - ICICIDirect offers 3-in-1 Account where Finvasia and Paytm Money offers only 2-in-1 account which includes trading and demat account. Margin Funding - ICICIDirect offers margin funding where Finvasia and Paytm Money doesn't offers margin funding. NRI Trading - Finvasia and ICICIDirect offers NRI Trading where Paytm Money doesn't offers NRI Trading.

Account Features - Finvasia vs ICICIDirect vs Paytm Money
Account Features Compare Finvasia ICICIDirect Paytm Money
3 in 1 Account No Finvasia have 2-in-1 account. Only Demate and Trading account. Yes, Finvasia have 3-in-1 accounts. Bank Account, Demat and Trading account. No Paytm Money have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes Yes
Algo Trading Yes No No
SMS Alerts No Yes No
Online Demo Yes Yes No
Online Portfolio Yes Yes Yes
Margin Trading Funding Available No Yes No
Combined Ledger for Equity and Commodity Yes No No
Intraday Square-off Time 3:15 PM 3:15PM 3:10 PM
NRI Trading Yes Yes No
Other Features NIL NIL NIL
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Trading Platform

Compare Finvasia vs ICICIDirect vs Paytm Moneyon Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Finvasia vs ICICIDirect vs Paytm Money. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.

Trading Platform - Compare Finvasia vs ICICIDirect vs Paytm Money
Trading Platform Compare Finvasia ICICIDirect Paytm Money
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://trade.finvasia.com/

https://www.icicidirect.com

Paytm Money Web

Web Trading Demo Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Trading Yes Yes Yes
Mobile Trading App SCALPERT ICICI direct Mobile Paytm Money App
Mobile Trading App Demo SCALPERT Demo ICICI direct Mobile Demo Paytm Money App Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod SCALPERT Download Andriod ICICI direct Mobile Download Andriod Download
iPhone Mobile App (IOS) No Yes Yes
iOS App Download Info Not Available iOS ICICI direct Mobile Download iOS Paytm Money App Download
Android Tablet App Yes Yes Yes
iPad App (IOS) No Yes Yes
Trading Software Charges Basic platforms are free, advance platforms are chargeable. Free Rs. 30 per month
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Finvasia Equity Intraday and Delivery Brokerage Calculator for ICICIDirect Equity Intraday and Delivery Brokerage Calculator for Paytm Money
Futures Brokerage Calculator Futures Brokerage Calculator for Finvasia Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for Paytm Money
Options Brokerage Calculator Options Brokerage Calculator for Finvasia Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for Paytm Money
Detail Detail on Trading Platforms for finvasia Detail on Trading Platforms for icicidirect Detail on Trading Platforms for paytm-money

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Broker Ratings by Users

Compare Finvasia vs ICICIDirect vs Paytm Money on User Rating

  Finvasia ICICIDirect Paytm Money
  17 Customer Reviews    Rate Finvasia 267 Customer Reviews    Rate ICICIDirect 20 Customer Reviews    Rate Paytm Money
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating Finvasia is Rated 4.2 / 5 based on 17 customer reviews ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews Paytm Money is Rated 0.9 / 5 based on 20 customer reviews
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Investment Offerings

Compare Finvasia vs ICICIDirect vs Paytm Money on Investment Offerings

Compare Finvasia vs ICICIDirect vs Paytm Money on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Finvasia offers Commodity Trading where ICICIDirect and Paytm Money doesn't offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - ICICIDirect offers PMS facility where Finvasia and Paytm Money doesn't offers PMS facility.

Investment Offerings - Compare Finvasia vs ICICIDirect vs Paytm Money
Investment Offerings Compare Finvasia ICICIDirect Paytm Money
Equity Cash and F&O Yes Yes Yes
Currency Deravitives Yes Yes No
Commodity Yes No No
Online IPO Application Yes Yes Yes
Mutual Funds Yes Yes Yes
Bond / NCD Yes Yes No
ETF Yes Yes Yes
Banking No Yes No
Insurance No Yes Yes
Forex No No No
MF SIP Investment Yes Yes Yes
Equity SIP Investment No Yes Yes
PMS Service No Yes No
Other Investment Options NIL NIL
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Customer Service Offered

Compare Finvasia vs ICICIDirect vs Paytm Money on Customer Service

Compare Finvasia vs ICICIDirect vs Paytm Money on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare Finvasia vs ICICIDirect vs Paytm Money
Customer Service Compare Finvasia ICICIDirect Paytm Money
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat Yes No No
Phone Support Yes Yes No
Toll Free Number No No No
Through Branches No Yes No
Customer Care Number Support: +91 9779 097 777/Sales: +91 9098 001 001 1860 123 1122 NA
Account Opening Process Online/Paperless Online Online/Paperless
Customer Support Email [email protected]/[email protected] [email protected] [email protected]
Knowledge Center/Education https://finvasia.com/announcements https://www.icicidirect.com/knowledge-center https://www.paytmmoney.com/care
Head Office Address Finvasia Securities Pvt Ltd
Plot #10,
Netsmatrz House (Level 3),
Rajiv Gandhi Chd. Tech Park,
Chandigarh -160101
ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai - 400020
Paytm Money Stock Broking
Essae Vaishnavi Summit
Ground Floor, Koramangla,
80 Feet Road, Bengaluru - 560034
Website https://www.finvasia.com/ https://www.icicidirect.com https://www.paytmmoney.com/
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Tips/Research/Reports Published

Compare Finvasia vs ICICIDirect vs Paytm Money on Research Reports, Tips

Compare Finvasia vs ICICIDirect vs Paytm Money on research reports and tips provided by broker.

Research Reports - Compare Finvasia vs ICICIDirect vs Paytm Money
  Finvasia ICICIDirect Paytm Money
Research Mutual Funds No Yes No
Research Equity Reports No Yes No
Research ETF No Yes No
Daily Market Report No Yes No
Free Tips No Yes No
Quarterly Result Analysis No Yes No
News Alerts No Yes No
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Demat Account

Compare Finvasia vs ICICIDirect vs Paytm Money on Demat Account

Compare Finvasia vs ICICIDirect vs Paytm Money on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare Finvasia vs ICICIDirect vs Paytm Money
  Finvasia ICICIDirect Paytm Money
DP Source CDSL CDSL CDSL
DP ID 84300 14301 88800
Demat Account Annual Maintenance Charges(AMC) Free ₹700 pa Zero
Advance Deposit Rs 0 Rs. 7500/- , If the client is not having ICICI BANK Account Nil
Statutory charges Nil Nil Nil
Transaction Charges on Debit (Per ISIN) ₹9 + ₹5.50 (CDSL Charges) for every transaction 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) ₹10 per ISIN
Demat ₹15 per certificate ₹50 per set up ₹250 per 100 shares
Remat ₹15 for every hundred securities + CDSL Charges ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹250 per 100 shares
Pledge Creation ₹25 per transaction 0.02% (Min ₹35 and Max ₹25,000) ₹32 per ISIN
Pledge Creation Confirmation NIL 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Closure ₹25 per transaction 0.02% (Min ₹35 and Max ₹25,000) ₹32 per ISIN
Pledge Closure Confirmation NIL 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Invocation ₹19 per transaction 0.02% (Min ₹35 and Max ₹25,000) ₹32 per ISIN
Failed Instruction Charges ₹49 ₹30 per transaction Nil
Other Charges
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Special Offers,Advantages,Disadvantages

Compare Finvasia vs ICICIDirect vs Paytm Money on Special Offers and Promotion

Compare Finvasia vs ICICIDirect vs Paytm Money on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare Finvasia vs ICICIDirect vs Paytm Money on Special Offers and Promotion
  Finvasia ICICIDirect Paytm Money
Likes

No-doubt, zero brokerage fees is the most crucial benefit available on trading with Finvasia. Check out the key pros or advantages of opening an account and trading with Finvasia as follows;

  • Zero account opening fees.
  • Commission or Brokerage-free trading across all segments.
  • Free and easy-to-use platforms; Shoonya web, app, and exe desktop software.
  • Free of cost Shoonya Developer API.
  • Start algo trading with HFT Algo.
  • Invest in IPO, bonds, and direct mutual funds.
  • Finvasia allows BTST (Buy Today, Sell Tomorrow) facility.
  • Place advanced orders like bracket order (BO), cover order (CO), and after market order (AMO).
  • GTT (Good Till Triggered order) is available across all segments with 1 year validity.
  • Zero call & trade charges.
  • No annual maintenance fee.
  • Zero hidden charges.
  • Lowest DP Charges.

Detail Review...

  • 100% digital and paperless 3-in-1 account opening facility.
  • Trade on the BSE, NSE, MCX, and invest in other products.
  • Multiple brokerage plans for residents and NRI trading.
  • All kinds of trading platforms across web, app, and desktop versions.
  • Invest in mutual funds for free with ICICIdirect Money App.
  • Expert research calls and recommendations.
  • Sell stocks and get cash instantly with the e-ATM facility.
  • Advanced orders like bracket order, cover order, after market order, and basket order.
  • Place Valid Till Cancelled (VTC) order, valid for 45 days.
  • Informative articles, blogs, videos, learn hub, and Investonomics learning platform for beginners.
  • Margin funding
  • Loans on securities.
  • Dedicated customer services.

Detail Review...

  • 100% paperless KYC process
  • No annual maintenance charges on Demat Account
  • Free account opening at no cost
  • Brokerage-free investment in direct mutual funds
  • Transparent pricing model of Rs 20 brokerage
  • One-tap investment in IPO
  • User-friendly platforms with ease of investment
  • Swift and secure UPI payment
  • Bracket order, cover order, GTT order, and OCO order

Detail Review...

Dislikes

Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;

  • Does not provide margin funding.
  • You cannot open a 3-in-1 account with Finvasia.
  • Finvasia is an online discount broker and does not have any physical branches.
  • It does not provide intraday trading tips, investment ideas, and research
  • No dedicated relationship manager.

Detail Review...

  • High brokerage charges.
  • The broker levies a minimum brokerage fee, which varies across brokerage plans.
  • NEO flat discount brokerage plan (Rs. 20) charges a one-time subscription fee of Rs. 299.
  • Mutual fund investment with ICICIDirect is not free, as it charges a lower of Rs. 30 or 1.5% on SIP transaction and Rs. 100 fees on lumpsum investment.

Detail Review...

  • No commodity and currency trading
  • Does not offer NRI trading
  • Its platform are not free of cost.
  • No 3-in-1 account opening facility.
  • Does not offer Rs 0 brokerage unlimited monthly trading plans.
  • Delivery trading is not free
  • No trading terminal offered
  • No branch or customer support
  • High call & trade charge

Detail Review...

Special Offers/Promo Free Account Opening+Free Demat AMC+Free Trading. Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.
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