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Upstox Vs Alice Blue Vs Paytm Money: Which one is better?
Last updated August 22, 2026
This IPO News reference page covers “Upstox Vs Alice Blue Vs Paytm Money: Which one is better?”. The page is organized around compare stock brokers side-by-side, compare upstox vs alice blue vs paytm money on service, account opening charges and amc, compare upstox 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 Upstox vs Alice Blue vs Paytm Money on Service
- Account Opening Charges and AMC
- Compare Upstox vs Alice Blue vs Paytm Money on Trading & Demat Account Opening Charges
- About Brokerage Plans
- Compare Upstox vs Alice Blue vs Paytm Money on Plan Options
- Account Opening
- Share Broker's Transaction Charges
- Compare Upstox vs Alice Blue vs Paytm Money on Transaction Charges
- Account Features
- Compare Upstox vs Alice Blue vs Paytm Money on Account Features
- Trading Platform
- Compare Upstox vs Alice Blue vs Paytm Money on Trading Platform
- Broker Ratings by Users
- Compare Upstox vs Alice Blue vs Paytm Money on User Rating
- Investment Offerings
- Compare Upstox vs Alice Blue vs Paytm Money on Investment Offerings
- Margin Trading Facility
- Compare Upstox vs Alice Blue vs Paytm Money on MTF
- API
- Compare Upstox vs Alice Blue vs Paytm Money on API Details
- Customer Service Offered
- Compare Upstox vs Alice Blue vs Paytm Money on Customer Service
- Tips/Research/Reports Published
- Compare Upstox vs Alice Blue vs Paytm Money on Research Reports, Tips
- Demat Account
- Compare Upstox vs Alice Blue vs Paytm Money on Demat Account
- Special Offers, Advantages, Disadvantages
- Compare Upstox 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.
- Invest across segments under one roof – Stocks (NSE/BSE), F&O, commodity, IPOs, mutual funds, NPS
- Trade on NSE, BSE, and MCX
- Rs 20/order maximum brokerage fee
- 100% paperless KYC process
- Transparent pricing model of Rs 20 brokerage
- High call and trade and auto-square off charges = Rs 75 per order
- No 3-in-1 account opening facility.
- Does not offer Rs 0 brokerage unlimited monthly trading plans.
- 💹 Max ₹20 per Order Brokerage on All Trades
- 💹 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 |
Upstox |
Alice Blue |
Paytm Money |
| Trading Account Opening Fees |
Promotion offer: Free |
Free |
Free |
| Trading AMC |
Free |
Free |
Free |
| Demat Account Opening Fees |
Free |
Free |
Free |
| Demat AMC |
Rs 300 Per annum (Free for 1st year) |
Free |
Free |
| Provide DP Service |
Yes |
Yes |
Yes |
| Plan Types |
Upstox |
Alice Blue |
Paytm Money |
| Multiple Plans |
No |
No |
No |
| Monthly Plans |
No |
No |
No |
| Yearly Plans |
No |
No |
No |
|
Upstox |
Alice Blue |
Paytm Money |
| Account Opening Request |
Link to open account |
|
|
| Transaction Charges Compare |
Upstox |
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 upstox |
Complete Brokerage Plans for alice-blue |
Complete Brokerage Plans for paytm-money |
| Account Features Compare |
Upstox |
Alice Blue |
Paytm Money |
| 3 in 1 Account |
Yes |
No |
No |
| Charting |
Yes |
Yes |
Yes |
| Algo Trading |
Yes |
Yes |
No |
| SMS Alerts |
Yes |
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 |
3:15PM |
3:15 PM |
3:10 PM |
| NRI Trading |
No |
Yes |
No |
| Other Features |
NIL |
NIL |
NIL |
| Trading Platform Compare |
Upstox |
Alice Blue |
Paytm Money |
| Web Trading Platform |
Yes |
Yes |
Yes |
| Web Trading Detail |
https://pro.upstox.com/ |
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 |
Upstox |
ANT Mobi |
Paytm Money App |
| Mobile Trading App Demo |
Upstox |
ANT Mobi |
Paytm Money App |
| Android Mobile App |
Yes |
Yes |
Yes |
| Android App Download |
Android Upstox Download |
Android ANT Mobi Download |
Android Paytm Money App Download |
| iPhone Mobile App (IOS) |
Yes |
Yes |
Yes |
| iOS App Download |
iOS Upstox 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 Upstox |
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 Upstox |
Futures Brokerage Calculator for Alice Blue |
Futures Brokerage Calculator for Paytm Money |
| Options Brokerage Calculator |
Option Brokerage Calculator for Upstox |
Option Brokerage Calculator for Alice Blue |
Option Brokerage Calculator for Paytm Money |
| Detail |
Detail on Trading Platforms for Upstox |
Detail on Trading Platforms for Alice Blue |
Detail on Trading Platforms for Paytm Money |
|
Upstox |
Alice Blue |
Paytm Money |
|
17 Customer reviews Rate |
20 Customer reviews Rate |
20 Customer reviews Rate |
| Fees Ratings |
3.6 |
1.1 |
1.0 |
| Trading Brokerage Rating |
3.5 |
1.4 |
1.3 |
| Trading Platform Usability |
3.5 |
0.9 |
1.0 |
| Customer Service Ratings |
3.3 |
1.1 |
0.8 |
| Overall Rating |
3.4 |
0.8 |
0.9 |
| Broker Rating |
Upstox is Rated 3.4 / 5 based on 17 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 |
Upstox |
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 |
No |
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 |
NPS |
NIL |
|
| MTF Compare |
Upstox |
Alice Blue |
Paytm Money |
| MTF Leverage |
Upto 4x leverage |
– |
Up to 4X buying power on 1200+ stocks |
| MTF Interest Rate |
₹20/day for every ₹40,000 – ₹50,000 (Varies by plan) |
– |
7.99% – 9.99% per annum |
| MTF Segment |
Equity Delivery (NSE and BSE) |
– |
Equity Delivery |
| MTF Pledge Charges |
₹20 per ISIN |
– |
₹20 per ISIN |
| MTF Unpledged Charges |
₹20 per ISIN |
– |
₹20 per ISIN |
| Maximum MTF Funding |
Maximum MTF Positions upto ₹5 crore with ₹3.75 crore MTF Funding |
– |
Up to ₹5 crore |
| API Compare |
Upstox |
Alice Blue |
Paytm Money |
| API Type |
Market Data API (REST/WebSocket) Historical Data API Trading API (Order |
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 |
Free |
Free |
Free |
| Customer Service Compare |
Upstox |
Alice Blue |
Paytm Money |
| 24/7 Customer Service |
No |
No |
No |
| Email Support |
Yes |
No |
Yes |
| Online Live Chat |
Yes |
Yes |
No |
| Phone Support |
Yes |
Yes |
No |
| Toll Free Number |
No |
No |
No |
| Through Branches |
Yes |
Yes |
No |
| Customer Care Number |
+91 22 6130 9999 |
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://upstox.com/help-center/ |
https://tradeschool.aliceblueonline.com/ |
https://www.paytmmoney.com/care |
| Head Office Address |
Upstox Corporate OfficeSunshine Tower,30th Floor,Senapati Bapat Marg,Dadar (W),Mumbai – 400 013 |
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://upstox.com/ |
https://www.aliceblueonline.com |
https://www.paytmmoney.com/ |
|
Upstox |
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 |
|
Upstox |
Alice Blue |
Paytm Money |
| DP Source |
CDSL |
CDSL |
CDSL |
| DP ID |
81800 |
85300 |
88800 |
| Demat Account Annual Maintenance Charges(AMC) |
₹300 PA |
₹400 pa |
Zero |
| Advance Deposit |
NIL |
Rs 0 |
Nil |
| Statutory charges |
Nil |
Rs 150 Stamp Charges |
Nil |
| Transaction Charges on Debit (Per ISIN) |
₹13 + ₹5.50 CDSL charges |
0.04% of the value of the transaction |
₹10 per ISIN |
| Demat |
₹20 + ₹50 courier charges |
₹10 per certificate + ₹50 courier charges |
₹250 per 100 shares |
| Remat |
₹100 for every hundred securities or ₹25 per certificate (whichever is higher) |
₹30 per certificate + CDSL charges |
₹250 per 100 shares |
| Pledge Creation |
0.02% of the transaction value (Min ₹50) + CDSL charges |
₹20 + CDSL charges |
₹32 per ISIN |
| Pledge Creation Confirmation |
0.02% of the transaction value (Min ₹50) + CDSL charges |
Nil |
Nil |
| Pledge Closure |
0.02% of the transaction value (Min ₹50) + CDSL charges |
₹20 + CDSL charges |
₹32 per ISIN |
| Pledge Closure Confirmation |
0.02% of the transaction value (Min ₹50) + CDSL charges |
Nil |
Nil |
| Pledge Invocation |
0.05% of the transaction value (Min ₹50) |
₹20 + CDSL charges |
₹32 per ISIN |
| Failed Instruction Charges |
₹50 |
Nil |
Nil |
| Other Charges |
Nil |
Nil |
Nil |
|
Upstox |
Alice Blue |
Paytm Money |
| Likes |
Invest across segments under one roof – Stocks (NSE/BSE), F&O, commodity, IPOs, mutual funds, NPS Competitive and transparent brokerage charges along with free account opening services. Advanced trading platforms, suitable for both new investors and professional traders. Easy and paperless account opening with basic KYC documents required Charting, host of analytical tools, real-time market alerts, and fast order execution for speed and reliability 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 |
Delivery trading is not free, check free equity delivery brokers. NRI Trading not available, Check best NRI brokers. No intraday trading tips, investment recommendations, research, and advisory services. Some users reported technical glitches and bugs certain times. High call and trade and auto-square off charges = Rs 75 per order 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 Offer from Upstox for InvestorGain Visitors: 🆓 Free Upstox Demat & Trading Account 📭 No AMC for the 1st Year 💹 Max ₹20 per Order Brokerage on All Trades 🌱 Free Mutual Funds & IPO Investment 🚀 Open Instant Free Upstox Account Now! |
🔷 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! |
|
Open Upstox Account Now |
|
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