Paytm Money vs Fyers | Broker Comparison

Paytm Money vs Fyers

Side-by-side view of features, pricing context, and platform fit.

Paytm Money

Paytm Money

Active Clients: 8,60,278

Founded in 2017, Paytm Money has emerged as a leading Indian wealth management platform, utilizing technology to simplify investment processes. It enables investments across a wide range of assets, including equities,...

Fyers

Fyers

Active Clients: 2,00,780

Established in 2015, Fyers Securities is a Bangalore-based online discount stock brokerage firm. Fyers facilitates trading in Equity Cash, F&O, and Currency Derivatives segments. The term FYERS stands for "Focus Your ...

Side-by-Side Compare Table

Category	Paytm Money	Fyers
Basic Details	•Broker Type: Digital-first discount-style broker and wealth platform •Founded: 2017	•Broker Type: Discount broker •Founded: 2015
Charges & AMC	•Account opening is shown as digital and low-cost (source also references Rs 200 in one section). •Maintenance charges are positioned as low/zero in key offers.	•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0 (lifetime as stated)
Brokerage	•Equity Delivery: Rs 20 or 2.5% (whichever is lower) •Equity Intraday: Rs 20 or 0.05% (whichever is lower)	•Equity Delivery: Rs 20 or 0.03% (whichever is lower) •Equity Intraday: Rs 20 or 0.03% (whichever is lower)
Other Charges	•Auto square-off charge listed (Rs 50). •Physical statement and courier fees can apply on request.	•Call and Trade: additional charge (referenced as Rs 50/order) •Admin square-off charges may apply for auto close positions.
Leverage (Margin)	•Margin funding and MTF support are available in product positioning. •Actual leverage depends on segment and risk policies.	•Margin products include MTF offerings in promotional messaging. •Practical leverage and margin depend on segment, risk, and exchange norms.
Features	•Strong mutual fund and wealth app roots. •GTT, GTC, CO, BO, and basket order support referenced.	•In-house built trading stack. •Insta Options for strategy building and payoff analysis.
Trading Platforms	•Paytm Money mobile app •Paytm Money web platform	•Fyers App (mobile) •Fyers Web
Reviews & Ratings	•Positioned as low-cost, digital-first platform with large user base. •Source extract includes ratings section heading but not a full visible numeric table in this slice.	•Marketed as a low-brokerage technology-first platform. •In this source extract, a single numeric overall rating is not prominently presented.
Investment Options	•Equity and F&O •Mutual funds and SIP	•Equity cash •F&O
Order Types Offered	•GTT and GTC •CO and BO	•Standard equity and derivatives order types •Intraday and delivery order handling
Suitable For (Investor Type)	•App-first investors and traders seeking all-digital flow. •Users wanting combined mutual fund plus stock execution.	•Active traders focused on low brokerage and platform tools. •Users who prefer in-house charting and options strategy interfaces.
Pros and Cons	•Pros: •Broad digital investing stack with useful advanced order features.	•Pros: •Very competitive flat-fee structure.

Detailed Comparison

Basic Details

Paytm Money	Fyers
•Broker Type: Digital-first discount-style broker and wealth platform •Founded: 2017 •SEBI Registration: INZ000240532 •NSE Member Code: 90165 •Net Worth: Rs 383.59 Cr	•Broker Type: Discount broker •Founded: 2015 •SEBI Registration: INZ000008524 •NSE Member Code: 90061 •Net Worth: Rs 175.61 Cr

Charges & AMC

Paytm Money	Fyers
•Account opening is shown as digital and low-cost (source also references Rs 200 in one section). •Maintenance charges are positioned as low/zero in key offers. •No branch-led offline opening model.	•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0 (lifetime as stated) •Demat AMC: Rs 0 (lifetime as stated)

Brokerage

Paytm Money	Fyers
•Equity Delivery: Rs 20 or 2.5% (whichever is lower) •Equity Intraday: Rs 20 or 0.05% (whichever is lower) •Equity Futures: 0.02% or up to Rs 20 per order •Equity Options: Rs 20 per order	•Equity Delivery: Rs 20 or 0.03% (whichever is lower) •Equity Intraday: Rs 20 or 0.03% (whichever is lower) •Futures: Rs 20 or 0.03% (whichever is lower) •Options: Flat Rs 20 per executed order

Other Charges

Paytm Money	Fyers
•Auto square-off charge listed (Rs 50). •Physical statement and courier fees can apply on request. •Usual statutory and exchange charges apply.	•Call and Trade: additional charge (referenced as Rs 50/order) •Admin square-off charges may apply for auto close positions. •Usual statutory charges apply across segments.

Leverage (Margin)

Paytm Money	Fyers
•Margin funding and MTF support are available in product positioning. •Actual leverage depends on segment and risk policies.	•Margin products include MTF offerings in promotional messaging. •Practical leverage and margin depend on segment, risk, and exchange norms.

Features

Paytm Money	Fyers
•Strong mutual fund and wealth app roots. •GTT, GTC, CO, BO, and basket order support referenced. •Advisory and market education content ecosystem.	•In-house built trading stack. •Insta Options for strategy building and payoff analysis. •Low-cost fixed brokerage proposition.

Trading Platforms

Paytm Money	Fyers
•Paytm Money mobile app •Paytm Money web platform	•Fyers App (mobile) •Fyers Web •Fyers One desktop terminal

Reviews & Ratings

Paytm Money	Fyers
•Positioned as low-cost, digital-first platform with large user base. •Source extract includes ratings section heading but not a full visible numeric table in this slice.	•Marketed as a low-brokerage technology-first platform. •In this source extract, a single numeric overall rating is not prominently presented.

Investment Options

Paytm Money	Fyers
•Equity and F&O •Mutual funds and SIP •IPO and ETFs •Bonds and NPS	•Equity cash •F&O •Currency derivatives •Mutual funds (direct)

Order Types Offered

Paytm Money	Fyers
•GTT and GTC •CO and BO •Basket orders •Standard market and limit order workflows	•Standard equity and derivatives order types •Intraday and delivery order handling •Option strategy workflow through Insta Options tools

Suitable For (Investor Type)

Paytm Money	Fyers
•App-first investors and traders seeking all-digital flow. •Users wanting combined mutual fund plus stock execution. •Retail traders who use advanced order types.	•Active traders focused on low brokerage and platform tools. •Users who prefer in-house charting and options strategy interfaces.

Pros and Cons

Paytm Money	Fyers
•Pros: •Broad digital investing stack with useful advanced order features. •Low-cost brokerage cap structure. •Strong integration with investor education and content. •Cons: •No branch-support model for offline users. •Account opening and fee terms can vary by campaign and segment.	•Pros: •Very competitive flat-fee structure. •Lifetime-free account opening and AMC in listed plan context. •Strong options/trader-focused tooling. •Cons: •Assisted channels (call and trade/admin square-off) add extra charges. •Product breadth is narrower than some full-service bank-backed brokers.

Final Note

Use this side-by-side comparison as a starting point and verify the latest brokerage and compliance details on official broker pages before taking decisions.