FYERS Securities vs Paytm Money
A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.
FYERS Securities
VS
Paytm Money
FYERS Securities vs Paytm Money — quick verdict
Choose FYERS Securities if
You want low-cost, self-directed trading
Built for Those Who Are Born to Trade.
Choose Paytm Money if
You want low-cost, self-directed trading
Invest in stocks, F&O, mutual funds and IPOs with zero lifetime AMC and a technology-first trading platform.
Company overview
FYERS Securities is a discount broker incorporated in 2015; Paytm Money is a discount broker incorporated in 2017.
| Parameter | FYERS Securities | Paytm Money |
|---|---|---|
| Type of broker | Discount Broker | Discount Broker |
| Exchange membership | NSE · BSE · MCX | NSE · BSE · MCX · NCDEX · MSEI |
| Year of incorporation | 2015 older | 2017 |
| Number of branches | 98+ wider | 0 |
| Active clients | 10 Lakh+ larger | 21 Million+ Users* |
Charges & AMC
Account-opening and maintenance charges for FYERS Securities and Paytm Money compared side by side.
| Parameter | FYERS Securities | Paytm Money |
|---|---|---|
| Trading a/c opening | ₹0 | ₹0 (Free) |
| Trading a/c AMC | ₹0 | ₹0 |
| Demat a/c opening | ₹0 | ₹0 (Free) |
| Demat a/c AMC | ₹0 | ₹0 (Lifetime Free) |
| DP charges (per ISIN, sell) | ₹12.5 + GST per ISIN on sell transactions lower | ₹20 per debit transaction |
Brokerage charges
How FYERS Securities and Paytm Money price each trading segment, per executed order.
| Parameter | FYERS Securities | Paytm Money |
|---|---|---|
| Equity Delivery | ₹0 (Free) | ₹20 per executed order |
| Equity Intraday | ₹20 or 0.03% per executed order (whichever is lower) | ₹20 per executed order |
| Equity Futures | ₹20 or 0.03% per executed order (whichever is lower) | ₹20 per executed order or 0.02% (whichever is lower) |
| Equity Options | ₹20 per executed order | ₹20 per executed order |
| Currency F&O | ₹20 or 0.03% per executed order (whichever is lower) | ₹20 per executed order |
| Commodity F&O | ₹20 or 0.03% per executed order (whichever is lower) | ₹20 per executed order |
| Call & Trade | ₹50 per executed order | ₹50 per executed order |
Transaction charges (exchange turnover)
Exchange turnover and clearing charges passed through by FYERS Securities and Paytm Money, per segment.
| Parameter | FYERS Securities | Paytm Money |
|---|---|---|
| Equity Delivery | NSE: 0.00297% • BSE: 0.00375% | NSE: 0.00297% • BSE: 0.00375% |
| Equity Intraday | NSE: 0.00297% • BSE: 0.00375% | NSE: 0.00297% • BSE: 0.00375% |
| Equity Futures | NSE: 0.00173% | NSE: 0.00173% |
| Equity Options | NSE: 0.03503% (on premium) | NSE: 0.03503% (on premium) |
| Currency Futures | NSE: 0.00035% | NSE: 0.00035% |
| Currency Options | NSE: 0.03110% (on premium) | NSE: 0.0311% (on premium) |
| Commodity Futures | MCX: 0.00210% | MCX: 0.00210% |
| Commodity Options | MCX: 0.04180% (on premium) | MCX: 0.04180% (on premium) |
Demat & DP charges
Depository (demat) charges for FYERS Securities and Paytm Money — AMC, debit transactions, pledging and remat.
| Parameter | FYERS Securities | Paytm Money |
|---|---|---|
| Demat Account Opening | ₹0 | ₹0 |
| Annual Maintenance Charges (AMC) | ₹0 | ₹0 (Lifetime Free) |
| Debit Transaction Charges | ₹12.5 + GST per ISIN on sell transactions | ₹20 per sell transaction |
| Pledge / Unpledge Charges | ₹12.5 + GST per ISIN | ₹20 per transaction (Margin pledge/unpledge as per current tariff) |
| Dematerialisation (Demat) | ₹150 per certificate + GST | ₹250 per certificate / per scheme |
| Rematerialisation (Remat) | ₹150 per certificate + GST | ₹250 per certificate / per scheme |
| Failed Transactions | Nil | Nil |
Margin & leverage (MTF)
Intraday and delivery margin / leverage offered by FYERS Securities and Paytm Money.
| Parameter | FYERS Securities | Paytm Money |
|---|---|---|
| Equity Delivery | 100% of trade value (1x) | 100% of trade value (1x) |
| Equity Intraday | VAR + ELM Margin (Up to 5x*) | VAR + ELM Margin (Up to 5x) |
| Equity Futures | SPAN + Exposure Margin (As per available margin) | SPAN + Exposure Margin (As per available margin) |
| Equity Options (Buy) | Premium Value (Not Applicable) | Premium Value (Not Applicable) |
| Equity Options (Sell) | SPAN + Exposure Margin (As per available margin) | SPAN + Exposure Margin (As per available margin) |
| Currency Futures & Options | SPAN + Exposure Margin (As per available margin) | SPAN + Exposure Margin (As per available margin) |
| Commodity Futures & Options | SPAN + Exposure Margin (As per available margin) | SPAN + Exposure Margin (As per available margin) |
Features & account
Account type and feature availability across FYERS Securities and Paytm Money.
| Parameter | FYERS Securities | Paytm Money |
|---|---|---|
| 3-in-1 account | ✕ No | ✕ No |
| Automated / API trading | ✓ Yes | ✓ Yes |
| Margin Trading (MTF) | ✓ Yes | ✓ Yes |
| Trading in SME shares | ✕ No | ✓ Yes better |
| Trading platforms | FYERS Web, FYERS Mobile App, FYERS One | Paytm Money Web, Paytm Money App |
| Intraday square-off | 3:15 PM | 3:15 PM |
| Other | TradingView Charts, Free Trading API, Algo Trading, Option Chain, Basket Orders, Market Scanner, Advanced Charting, Price Alerts, eDIS, Margin Trading Facility (MTF) | TradingView Charts, Basket Orders, Option Chain, Stock SIP, Price Alerts, ETF Investing, NPS, Margin Trading Facility (MTF), eDIS |
Trading platforms & apps
Trading terminals, web platforms and mobile apps offered by FYERS Securities and Paytm Money.
| Parameter | FYERS Securities | Paytm Money |
|---|---|---|
| Trading platforms offered | FYERS Web, FYERS Mobile App, FYERS One | Paytm Money Web, Paytm Money App, TradingView Charts |
| Number of platforms | 3 | 3 |
| Platforms (summary) | FYERS Web, FYERS Mobile App, FYERS One | Paytm Money Web, Paytm Money App |
| Mobile / desktop apps | Web, Mobile, Desktop | Web, Mobile, Integrated Charting |
User ratings
User ratings for FYERS Securities and Paytm Money across the key parameters.
| Rated on | FYERS Securities | Paytm Money |
|---|---|---|
| Fees | 4.9 better | 4.8 |
| Brokerage | 4.9 better | 4.8 |
| Trading platform | 4.9 better | 4.5 |
| Customer service | 4.4 better | 4.1 |
| Research | 4.2 better | 3.8 |
| Overall | 4.7 better | 4.4 |
Investment options
Which investment products FYERS Securities and Paytm Money let you access.
| Parameter | FYERS Securities | Paytm Money |
|---|---|---|
| Stocks / Equity | ✓ Yes | ✓ Yes |
| Commodity | ✓ Yes | ✓ Yes |
| IPO | ✓ Yes | ✓ Yes |
| Mutual Funds | ✓ Yes | ✓ Yes |
| Bonds / NCD | ✓ Yes | ✓ Yes |
Order types offered
Advanced order types supported by FYERS Securities and Paytm Money.
| Parameter | FYERS Securities | Paytm Money |
|---|---|---|
| Bracket Order | ✕ No | ✕ No |
| Cover Order | ✕ No | ✕ No |
| BTST | ✓ Yes | ✓ Yes |
| After Market (AMO) | ✓ Yes | ✓ Yes |
| GTC / GTT | ✓ Yes | ✓ Yes |
Safety & credibility
SEBI registration, financial strength and complaint record for FYERS Securities and Paytm Money.
| Parameter | FYERS Securities | Paytm Money |
|---|---|---|
| SEBI registration | INZ000166137 | INZ000240532 |
| NSE member code | 12768 | 90165 |
| Year of incorporation | 2015 longer track record | 2017 |
| Net worth | ₹1,348+ Cr stronger | ₹366.98 Cr |
| Exchange memberships | NSE · BSE · MCX | NSE · BSE · MCX · NCDEX · MSEI |
| Latest complaint ratio | 0.002% | 0.002% |
Complaints record
Exchange complaint data for FYERS Securities and Paytm Money — the ratio matters more than the raw count.
| Parameter | FYERS Securities | Paytm Money |
|---|---|---|
| Latest financial year | 2025–26 | 2025–26 |
| Exchange | NSE | NSE |
| Active clients | 10,87,436 larger base | 765,696 |
| Complaints filed | — | 14 |
| Complaint ratio | 0.002% | 0.002% |
Pros & cons
The main advantages and drawbacks of each broker.
FYERS Securities
▲ Pros
- ✓ Zero brokerage on Equity Delivery.
- ✓ TradingView-powered advanced charting.
- ✓ Free API access for algorithmic trading.
- ✓ Supports stocks, F&O, commodities, currencies, IPOs, mutual funds, and ETFs.
- ✓ Fully digital and paperless account opening.
- ✓ Powerful web and mobile trading platforms with advanced order types.
▼ Cons
- ✕ No physical branch network comparable to full-service brokers.
- ✕ Research and advisory services are limited.
- ✕ Call & Trade service is chargeable.
- ✕ Margin availability depends on SEBI peak margin regulations.
- ✕ Beginners may find the advanced trading interface slightly complex.
Paytm Money
▲ Pros
- ✓ Zero lifetime Demat AMC.
- ✓ Competitive flat brokerage across trading segments.
- ✓ Fully digital and paperless account opening.
- ✓ Supports stocks, F&O, commodities, IPOs, mutual funds, ETFs, bonds, and NPS.
- ✓ Modern web and mobile trading platforms with advanced charting.
- ✓ GTT orders, Basket Orders, Stock SIP, and Margin Trading Facility available.
▼ Cons
- ✕ Limited offline branch network.
- ✕ Research and advisory services are not as comprehensive as full-service brokers.
- ✕ Call & Trade service is chargeable.
- ✕ No dedicated desktop trading software.
- ✕ Customer support response time may vary during peak market hours.
Explore more comparisons
Compare FYERS Securities with
FYERS Securities vs Zerodha FYERS Securities vs Angel One FYERS Securities vs Upstox FYERS Securities vs Groww FYERS Securities vs ICICI Direct FYERS Securities vs Kotak Neo FYERS Securities vs HDFC Securities FYERS Securities vs SBI Securities FYERS Securities vs Motilal Oswal FYERS Securities vs Mirae Asset Sharekhan FYERS Securities vs Axis Direct FYERS Securities vs 5paisa FYERS Securities vs Choice Broking FYERS Securities vs m.Stock FYERS Securities vs Sahi FYERS Securities vs SMC Global FYERS Securities vs Anand Rathi FYERS Securities vs Jainam Broking LimitedCompare Paytm Money with
Paytm Money vs Zerodha Paytm Money vs Angel One Paytm Money vs Upstox Paytm Money vs Groww Paytm Money vs ICICI Direct Paytm Money vs Kotak Neo Paytm Money vs HDFC Securities Paytm Money vs SBI Securities Paytm Money vs Motilal Oswal Paytm Money vs Mirae Asset Sharekhan Paytm Money vs Axis Direct Paytm Money vs 5paisa Paytm Money vs Choice Broking Paytm Money vs m.Stock Paytm Money vs Sahi Paytm Money vs SMC Global Paytm Money vs Anand Rathi Paytm Money vs Jainam Broking LimitedDisclaimer: Investments in the securities market are subject to market risks; read all related documents carefully before investing. This page is for information only and is not investment advice. Brokerage, AMC and other charges change frequently — always verify against the broker's official website before opening an account. Affiliate disclosure: "Open account" links are affiliate links and we may earn a commission at no extra cost to you; this does not influence our ratings.