Paytm Money vs Zerodha vs Upstox

Broker Comparison

Paytm Money

(3.4) Open Demat Account

Zerodha

(3.8) Open Demat Account

Upstox

(3.4) Open Demat Account
Basic Details
Broker Type
Broker Type Discount Broker Discount Broker Discount Broker
Account Opening
Account Opening Free ₹ 300 ₹ 249
Account Maintenance
Account Maintenance ₹ 300 ₹ 300 ₹ 300
Broker Ratings
Usability
Usability (3.8) (4) (4)
Charged
Charged (3.5) (4) (3.7)
Customer Service
Customer Service (3) (3.5) (2.5)

Frequently Asked Questions

Opening a Demat account on Paytm money is super easy. Follow the below steps:

  1. Download the Paytm Money app and log in. If you do not have a Paytm account, you can create one using your email id and mobile number.

  2. Fill in the required details like PAN no., address, annual income, etc., to complete your KYC.

  3. The next step is Stock market Onboarding. Here, you are required to provide your trading preferences and trading experience.

  4. Enter your Aadhar number on the NSDL e-sign portal. Doing this will send an OTP to your registered mobile number. Enter it to verify. This will complete the E-signing on the Account Opening Form.

  5. Paytm Money will now register your details with the depository and exchanges. Once registered, your account will be activated for trading.

Opening a Demat account on Paytm Money is absolutely free. The broker does not charge any annual maintenance fees either. However, Rs.200 is charged for opening a trading account with Paytm Money, a one-time payment. 

The demand charge charged by Paytm Money is Rs.250 per 100 shares. This amount is inclusive of the depository transaction charge.

Zerodha Kite is Zerodha’s online trading platform, which was built in 2015. It is a web-based, lightweight platform which can be used for trading on mobile, tablets as well as desktop browsers. The KITE platform facilitates trading in 11 languages. Kite mobile is currently available in the Android version & iOS on Google Play store. It has advanced technical analysis charting with more than 100 charting indicators and unlimited data for different stocks.

Zerodha provides a range of mobile apps for its customers based on different services. These include:

  • Zerodha Kite: Online trading platform for stock and commodity trading

  • Zerodha Coin: For mutual funds investments

  • Zerodha Varsity: Stock marketing lessons

  • Zerodha Sentinel: Market alerts and monitoring for stocks, futures and options  on the cloud

  • Pulse by Zerodha: For latest market news and updates.

Zerodha is one of the leading and most popular stock brokers in India, with a massive client base created over years. Beginners often prefer trading with the cheapest brokers, and Zerodha, with a flat fee model at Rs 20, fits perfectly in this parameter. Additionally, Zerodha also provides online education apps, support portal, and discussion forums which prove to be of great assistance to beginner level investors. However, Zerodha being a discount broker does not assist with research, advisory or recommendations. This makes it a challenge for new investors who often find it difficult to make these decisions.

Overall, considering the many helpful services it offers, Zerodha can be considered as a good option for beginner level investors.

Upstox account is a 2-in-1 account. It is a combination of a trading and a demat account. The trading account gives you access to stock exchanges like NSE, BSE and MCX etc. And the demat account is used to hold securities like stocks, mutual funds etc.

The upstox account allows investors to trade in stocks, equity derivatives, currency and commodities. It also offers online mutual fund investment in a lump sum or SIP way.

You can open the Upstox account in 2 easy ways:

1.      Upstox Online Account Opening

  • Click on to open an account

  •  Enter your Email Address and Mobile Number.

  •  Fill in your personal details and bank details.

  • Review, confirm and submit the application.

2.      Upstox Offline Account Opening

  •  Visit Upstox website, Go to 'Support'

  • Click 'Download Forms'

  • Click 'Demat & Trading Account'

  • Print the form

  • Fill and sign the form.

  • Attach all the required documents.

  • Courier the filled form to Upstox registered office. 

 

Upstox offers brokerage free equity delivery trading. For all other segments, it charges flat Rs. 20 or 0.01% per executed order. Also, customers have to pay government taxes, exchange turnover charges, demat debit transaction fees etc. Click the link to know more about Upstox brokerage charges.