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Zerodha Vs Alice Blue Vs Paytm Money: Which one is better?
Last updated August 22, 2026
This IPO News reference page covers “Zerodha Vs Alice Blue Vs Paytm Money: Which one is better?”. The page is organized around compare stock brokers side-by-side, compare zerodha vs alice blue vs paytm money on service, account opening charges and amc, compare zerodha vs alice blue vs paytm money on trading & demat account opening charges, about brokerage plans. IPO News presents the structured facts and tables in its own layout and wording.
Topics Covered
- Compare Stock Brokers Side-by-Side
- Compare Zerodha vs Alice Blue vs Paytm Money on Service
- Account Opening Charges and AMC
- Compare Zerodha vs Alice Blue vs Paytm Money on Trading & Demat Account Opening Charges
- About Brokerage Plans
- Compare Zerodha vs Alice Blue vs Paytm Money on Plan Options
- Account Opening
- Share Broker's Transaction Charges
- Compare Zerodha vs Alice Blue vs Paytm Money on Transaction Charges
- Account Features
- Compare Zerodha vs Alice Blue vs Paytm Money on Account Features
- Trading Platform
- Compare Zerodha vs Alice Blue vs Paytm Money on Trading Platform
- Broker Ratings by Users
- Compare Zerodha vs Alice Blue vs Paytm Money on User Rating
- Investment Offerings
- Compare Zerodha vs Alice Blue vs Paytm Money on Investment Offerings
- Margin Trading Facility
- Compare Zerodha vs Alice Blue vs Paytm Money on MTF
- API
- Compare Zerodha vs Alice Blue vs Paytm Money on API Details
- Customer Service Offered
- Compare Zerodha vs Alice Blue vs Paytm Money on Customer Service
- Tips/Research/Reports Published
- Compare Zerodha vs Alice Blue vs Paytm Money on Research Reports, Tips
- Demat Account
- Compare Zerodha vs Alice Blue vs Paytm Money on Demat Account
- Special Offers, Advantages, Disadvantages
- Compare Zerodha vs Alice Blue vs Paytm Money on Special Offers and Promotion
- Ready to start trading?
Key Facts
- India's trusted financial research platform since 2015. Live IPO GMP, subscription data, allotment status, Rights Issues, NCDs and unbiased stock broker reviews.
- Trade on NSE, BSE, and MCX
- Rs 20/order maximum brokerage fee
- 100% paperless KYC process
- Transparent pricing model of Rs 20 brokerage
- No 3-in-1 account opening facility.
- Does not offer Rs 0 brokerage unlimited monthly trading plans.
- 💹 Max ₹20 per Order Brokerage on Intraday, F&O, Commodities & Currency
- 📱 Kite & Coin – #1 Trading Platform & Mobile App
- 💹 Flat ₹20 Brokerage Charges per Order
- Max Rs. 20 per order brokerage on intraday, delivery, and equity derivatives trading
- Last Updated on Wed, May 20, 2026
Data Tables
| Segment |
Zerodha |
Alice Blue |
Paytm Money |
| Trading Account Opening Fees |
Free |
Free |
Free |
| Trading AMC |
Free |
Free |
Free |
| Demat Account Opening Fees |
Free |
Free |
Free |
| Demat AMC |
Rs 300 PA (Free for 1st year) |
Free |
Free |
| Provide DP Service |
Yes |
Yes |
Yes |
| Plan Types |
Zerodha |
Alice Blue |
Paytm Money |
| Multiple Plans |
No |
No |
No |
| Monthly Plans |
No |
No |
No |
| Yearly Plans |
No |
No |
No |
|
Zerodha |
Alice Blue |
Paytm Money |
| Account Opening Request |
Link to open account |
|
|
| Transaction Charges Compare |
Zerodha |
Alice Blue |
Paytm Money |
| Equity Delivery |
NSE:297 | BSE:375 Per Cr |
NSE:297 | BSE:375 Per Cr |
NSE:297 | BSE:375 Per Cr |
| Equity Intraday |
NSE:297 | BSE:375 Per Cr |
NSE:297 | BSE:375 Per Cr |
NSE:297 | BSE:375 Per Cr |
| Equity Futures |
NSE:173 | BSE:0 Per Cr |
NSE:173 | BSE:0 Per Cr |
NSE:173 | BSE:0 Per Cr |
| Equity Options |
NSE:3503 | BSE:3250 Per Cr on premium |
NSE:3503 | BSE:3250 Per Cr on premium |
NSE:3503 | BSE:3250 Per Cr on premium |
| Currency Futures |
NSE:35 | BSE:45 Per Cr |
NSE:35 | BSE:45 Per Cr |
NSE:35 | BSE:45 Per Cr |
| Currency Options |
NSE:3110 | BSE:100 Per Cr |
NSE:3110 | BSE:100 Per Cr |
NSE:3110 | BSE:100 Per Cr |
| Commodity |
MCX: 4180| NSE: 100 Per Cr |
MCX: 4180| NSE: 100 Per Cr |
MCX: 4180| NSE: 100 Per Cr |
| Brokerage Charges |
Complete Brokerage Plans for zerodha |
Complete Brokerage Plans for alice-blue |
Complete Brokerage Plans for paytm-money |
| Account Features Compare |
Zerodha |
Alice Blue |
Paytm Money |
| 3 in 1 Account |
No |
No |
No |
| Charting |
Yes |
Yes |
Yes |
| Algo Trading |
Yes |
Yes |
No |
| SMS Alerts |
No |
No |
No |
| Online Demo |
Yes |
No |
No |
| Online Portfolio |
Yes |
Yes |
Yes |
| Margin Trading Funding Available |
Yes |
No |
No |
| Combined Ledger for Equity and Commodity |
Yes |
Yes |
No |
| Intraday Square-off Time |
3:20 PM |
3:15 PM |
3:10 PM |
| NRI Trading |
Yes |
Yes |
No |
| Other Features |
NIL |
NIL |
NIL |
| Trading Platform Compare |
Zerodha |
Alice Blue |
Paytm Money |
| Web Trading Platform |
Yes |
Yes |
Yes |
| Web Trading Detail |
Zerodha Kite Web |
ANT Web |
Paytm Money Web |
| Web Trading Demo |
Web Trading Demo |
Web Trading Demo |
Web Trading Demo |
| Mobile Trading |
Yes |
Yes |
Yes |
| Mobile Trading App |
Zerodha Kite App |
ANT Mobi |
Paytm Money App |
| Mobile Trading App Demo |
Zerodha Kite App |
ANT Mobi |
Paytm Money App |
| Android Mobile App |
Yes |
Yes |
Yes |
| Android App Download |
Android Zerodha Kite App Download |
Android ANT Mobi Download |
Android Paytm Money App Download |
| iPhone Mobile App (IOS) |
Yes |
Yes |
Yes |
| iOS App Download |
iOS Zerodha Kite App Download |
iOS ANT Mobi Download |
iOS Paytm Money App Download |
| Android Tablet App |
Yes |
Yes |
Yes |
| iPad App (IOS) |
Yes |
Yes |
Yes |
| Trading Software Charges |
Free |
Free |
Rs. 30 per month |
| Equity Brokerage Calculator |
Equity Intraday and Delivery Brokerage Calculator for Zerodha |
Equity Intraday and Delivery Brokerage Calculator for Alice Blue |
Equity Intraday and Delivery Brokerage Calculator for Paytm Money |
| Futures Brokerage Calculator |
Futures Brokerage Calculator for Zerodha |
Futures Brokerage Calculator for Alice Blue |
Futures Brokerage Calculator for Paytm Money |
| Options Brokerage Calculator |
Option Brokerage Calculator for Zerodha |
Option Brokerage Calculator for Alice Blue |
Option Brokerage Calculator for Paytm Money |
| Detail |
Detail on Trading Platforms for Zerodha |
Detail on Trading Platforms for Alice Blue |
Detail on Trading Platforms for Paytm Money |
|
Zerodha |
Alice Blue |
Paytm Money |
|
162 Customer reviews Rate |
20 Customer reviews Rate |
20 Customer reviews Rate |
| Fees Ratings |
4.0 |
1.1 |
1.0 |
| Trading Brokerage Rating |
4.4 |
1.4 |
1.3 |
| Trading Platform Usability |
3.7 |
0.9 |
1.0 |
| Customer Service Ratings |
3.8 |
1.1 |
0.8 |
| Overall Rating |
3.9 |
0.8 |
0.9 |
| Broker Rating |
Zerodha is Rated 3.9 / 5 based on 162 customer reviews |
Alice Blue is Rated 0.8 / 5 based on 20 customer reviews |
Paytm Money is Rated 0.95 / 5 based on 20 customer reviews |
| Investment Offerings Compare |
Zerodha |
Alice Blue |
Paytm Money |
| Equity Cash and F&O |
Yes |
Yes |
Yes |
| Currency Derivatives |
Yes |
Yes |
No |
| Commodity |
Yes |
Yes |
No |
| Online IPO Application |
Yes |
Yes |
Yes |
| Mutual Funds |
Yes |
Yes |
Yes |
| Bonds / NCD |
Yes |
Yes |
No |
| ETF |
Yes |
Yes |
Yes |
| Banking |
No |
No |
No |
| Insurance |
No |
No |
Yes |
| Forex |
No |
No |
No |
| MF SIP Investment |
Yes |
Yes |
Yes |
| Equity SIP Investment |
Yes |
Yes |
Yes |
| PMS Service |
No |
No |
No |
| Other Investment Options |
NIL |
NIL |
|
| MTF Compare |
Zerodha |
Alice Blue |
Paytm Money |
| MTF Leverage |
Upto 5x leverage on 1300+ stocks |
– |
Up to 4X buying power on 1200+ stocks |
| MTF Interest Rate |
0.04% per day (14.6% per annum) |
– |
7.99% – 9.99% per annum |
| MTF Segment |
Equity Delivery (NSE) |
– |
Equity Delivery |
| MTF Pledge Charges |
₹15 per ISIN |
– |
₹20 per ISIN |
| MTF Unpledged Charges |
₹15 per ISIN |
– |
₹20 per ISIN |
| Maximum MTF Funding |
₹50 crore per account |
– |
Up to ₹5 crore |
| API Compare |
Zerodha |
Alice Blue |
Paytm Money |
| API Type |
Trading API Market Data API (Websocket API) Historical Data API Publisher API |
Order Management API Portfolio API Historical Data API Live Market Data API (Websocket) Funds and Margin API |
Trading API Live Market Data API |
| API Charges |
Kite Connect API: Rs 500 per month Personal: Free |
Free |
Free |
| Customer Service Compare |
Zerodha |
Alice Blue |
Paytm Money |
| 24/7 Customer Service |
No |
No |
No |
| Email Support |
Yes |
No |
Yes |
| Online Live Chat |
No |
Yes |
No |
| Phone Support |
Yes |
Yes |
No |
| Toll Free Number |
No |
No |
No |
| Through Branches |
Yes |
Yes |
No |
| Customer Care Number |
"+ 91 80 4040 2020" |
08035215000/080-45490850 |
NA |
| Account Opening Process |
Online/Paperless |
Online/Paperless |
Online/Paperless |
| Customer Support Email |
[email protected] |
[email protected] |
[email protected] |
| Knowledge Center/Education |
https://zerodha.com/varsity/ |
https://tradeschool.aliceblueonline.com/ |
https://www.paytmmoney.com/care |
| Head Office Address |
Zerodha Headquater#153/154 4th Cross Dollars Colony,Opp. Clarence Public School,J.P Nagar 4th Phase,Bangalore – 560078 |
Alice Blue,No. 153/2, 3rd Floor,M.R.B.Arcade, Bagalur Main Road,Dwaraka Nagar,Yelahanka,Bangalore – 560063 |
Paytm Money Stock Broking Essae Vaishnavi Summit Ground Floor, Koramangla, 80 Feet Road, Bengaluru – 560034 |
| Website |
https://zerodha.com/ |
https://www.aliceblueonline.com |
https://www.paytmmoney.com/ |
|
Zerodha |
Alice Blue |
Paytm Money |
| Research Mutual Funds |
No |
No |
No |
| Research Equity Reports |
No |
No |
No |
| Research ETF |
No |
No |
No |
| Daily Market Report |
No |
Yes |
No |
| Free Tips |
No |
No |
No |
| Quarterly Result Analysis |
No |
No |
No |
| News Alerts |
No |
No |
No |
|
Zerodha |
Alice Blue |
Paytm Money |
| DP Source |
CDSL |
CDSL |
CDSL |
| DP ID |
81600 |
85300 |
88800 |
| Demat Account Annual Maintenance Charges(AMC) |
₹300 pa |
₹400 pa |
Zero |
| Advance Deposit |
Nil |
Rs 0 |
Nil |
| Statutory charges |
₹50 |
Rs 150 Stamp Charges |
Nil |
| Transaction Charges on Debit (Per ISIN) |
₹8 + ₹5.50 (CDSL Charges) per transaction |
0.04% of the value of the transaction |
₹10 per ISIN |
| Demat |
₹150 per certificate + ₹100 courier charges |
₹10 per certificate + ₹50 courier charges |
₹250 per 100 shares |
| Remat |
₹150 per certificate + ₹100 courier charges + CDSL Charges |
₹30 per certificate + CDSL charges |
₹250 per 100 shares |
| Pledge Creation |
₹20 + ₹12 CDSL charges |
₹20 + CDSL charges |
₹32 per ISIN |
| Pledge Creation Confirmation |
Nil |
Nil |
Nil |
| Pledge Closure |
₹20 + ₹12 CDSL charges |
₹20 + CDSL charges |
₹32 per ISIN |
| Pledge Closure Confirmation |
Nil |
Nil |
Nil |
| Pledge Invocation |
₹20 |
₹20 + CDSL charges |
₹32 per ISIN |
| Failed Instruction Charges |
₹50 per instraction |
Nil |
Nil |
| Other Charges |
Nil |
Nil |
Nil |
|
Zerodha |
Alice Blue |
Paytm Money |
| Likes |
Enjoys a credible brand reputation Multiple products: Equity, F&O, IPO, MF, Bonds, G-secs, Cost-effective trading with flat fee and free investment in stocks, IPO, and mutual funds Hassle-free account opening Single margin account to trade in equity and commodity Zero minimum balance required in the Zerodha trading account Technologically advanced trading platforms and tools at no additional cost Add-on features like GTT order, alert trigger order, trade from charts, etc. Margin Trading Facility (MTF) Debt-free company Detail Review… |
Trade on NSE, BSE, and MCX No brokerage on IPO and mutual funds Zero account opening charges Zero account maintenance fee. Rs 20/order maximum brokerage fee Free Inuvest Advisory services and trading insights across segments TradingView charts, lots of technical indicators, stock and F&O screeners. Stock SIP in equity Great technology platforms for trading and investment Free access to ANT API Strong PAN India Presence Dedicated mutual fund investment app TradeSchool (Web and app) a free stock market education platform Place bracket order, cover order, GTT order, and basket order. Margin Trading facility (MTF) 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 |
Zerodha does not offer trading tips, research and advisory services. Software glitches in kite happen certain times. Zero brokerage unlimited trading plan is not offered. Detail Review… |
No NRI Trading No zero brokerage unlimited trading plan Sometimes, its platform experienced technical glitches. Detail Review… |
No commodity and currency trading Does not offer NRI trading 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 |
🎯 Current Promotion Offer from Zerodha for InvestorGain Visitors: 🆓 Free Account Opening 📈 Free Delivery Trading 💹 Max ₹20 per Order Brokerage on Intraday, F&O, Commodities & Currency 💰 Free Direct Mutual Funds & IPO Investment 📱 Kite & Coin – #1 Trading Platform & Mobile App 🚀 Open Instant Zerodha Account |
🔷 Current Promotion Offer from Alice Blue for InvestorGain Visitors: 🆓 Free Account Opening 📭 Lifetime Zero Demat AMC Account 💹 Flat ₹20 Brokerage Charges per Order 🚀 Open Instant Alice Blue Account Now! |
Max Rs. 20 per order brokerage on intraday, delivery, and equity derivatives trading Lifetime Zero Demat AMC A/c Free direct mutual fund investment Open Instant Paytm Money Account Now! |
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Open Zerodha Account Now |
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