Zerodha₹20 per order on options · delivery ₹0
- Options brokerage
- ₹20 per order
- Account opening
- ₹0
- Demat AMC
- Free in year 1; then ₹0–₹300 + GST a year depending on holdings (BSDA)
Broker comparison
Zerodha vs.
Paytm Money
Which broker fits your needs?
Platforms, products and fees side by side.
Checked on Thu, 5 Nov, 2026
See comparisonZerodha
Paytm MoneyVS
Summary
Your goal decides
Both charge ₹20 per options order, and statutory charges such as STT are the same at both, so the choice comes down to delivery charges, AMC, platform and tools. Zerodha: The discount broker most active traders started with; Kite platform and free Varsity lessons. Paytm Money: App-first discount broker with no AMC and options tools in the app.
ZerodhaThe discount broker most active traders started with; Kite platform and free Varsity lessons.
Paytm MoneyApp-first discount broker with no AMC and options tools in the app.
At a glance
The key differences
| Criterion | Zerodha | Paytm Money |
|---|---|---|
| Platforms | Kite Web, Kite App, Console | Paytm Money app and web, TradingView charts, Open API |
| Product types | Indian Stocks, F&O, Commodities, Currency, Mutual Funds, Bonds | Indian Stocks, F&O, Commodities |
| Options trading | Yes: NSE and BSE index and stock options | Yes: NSE and BSE index and stock options |
| Fee model | ₹20 per order on options · delivery ₹0 | Up to ₹20 per executed order on options · delivery ₹20 or 2.5%, whichever is lower |
| Account opening | ₹0 | ₹0 |
| Demat AMC | Free in year 1; then ₹0–₹300 + GST a year depending on holdings (BSDA) | ₹0 |
| Regulation | SEBI INZ000031633 | SEBI INZ000240532 |
| More information | Details | Details |
Platforms
Zerodha
Kite Web, Kite App, Console
Paytm Money
Paytm Money app and web, TradingView charts, Open API
Product types
Zerodha
Indian Stocks, F&O, Commodities, Currency, Mutual Funds, Bonds
Paytm Money
Indian Stocks, F&O, Commodities
Options trading
Zerodha
Yes: NSE and BSE index and stock options
Paytm Money
Yes: NSE and BSE index and stock options
Fee model
Zerodha
₹20 per order on options · delivery ₹0
Paytm Money
Up to ₹20 per executed order on options · delivery ₹20 or 2.5%, whichever is lower
Account opening
Zerodha
₹0
Paytm Money
₹0
Demat AMC
Zerodha
Free in year 1; then ₹0–₹300 + GST a year depending on holdings (BSDA)
Paytm Money
₹0
Regulation
Zerodha
SEBI INZ000031633
Paytm Money
SEBI INZ000240532
Product access and costs depend on market, account and permissions.
Detailed comparison
Comparing fees
Compare total costs, not just the order fee.
ZerodhaPaytm MoneyUp to ₹20 per executed order on options · delivery ₹20 or 2.5%, whichever is lower
- Options brokerage
- Up to ₹20 per executed order
- Account opening
- ₹0
- Demat AMC
- ₹0
The relevant costs depend on market, currency, order size and trading style.
Real costs
What 20 options trades a month cost
Zerodha
- Brokerage per order
- ₹20
- All charges, 20 round trips
- ₹1,252
- Per year
- ₹15,027
Paytm Money
- Brokerage per order
- ₹20
- All charges, 20 round trips
- ₹1,252
- Per year
- ₹15,027
Illustrative: one Nifty lot (65) bought and sold at ₹100, 20 times a month, including STT, exchange charges, SEBI fee, stamp duty and GST. Use your own numbers.
Execution quality
Order type, venue and liquidity affect execution.
ZerodhaCheck the provider’s execution policy and available order types for your account.
Provider informationPaytm MoneyCheck the provider’s execution policy and available order types for your account.
Provider informationProduct range
ZerodhaIndian StocksF&OCommoditiesCurrencyMutual FundsBonds
Paytm MoneyIndian StocksF&OCommodities
Categories come from broker profiles. Check specific markets and permissions before deciding.
Trading platforms
ZerodhaKite Web · Kite App · Console
Option chain on Kite, opened from an instrument, a contract search or the charts section. Basket orders, including a basket mode on the option chain that adds several strikes to one basket for spreads and straddles. GTT (Good Till Triggered) orders are available for F&O contracts and stay active for up to a year. Margin calculator under Zerodha's utilities, and Sensibull integration for strategy building and position analysis. Kite Connect API: a free Personal tier for orders, GTT and portfolio, and a Connect tier at ₹500 a month that adds live WebSocket data and historical candles.
Explore platformPaytm MoneyPaytm Money app and web, TradingView charts, Open API
App-first discount broker with no AMC and options tools in the app.
Explore platformRegulation does not prevent market losses. The relevant authority depends on the contracting entity.
Your investor profile
Who might it suit?
ZerodhaThe discount broker most active traders started with; Kite platform and free Varsity lessons.
- Fast, stable Kite platform
- Free delivery trades
- Large free learning library (Varsity)
- Some analytics tools are third-party add-ons
- AMC after the first year for larger holdings
Paytm MoneyApp-first discount broker with no AMC and options tools in the app.
- No account opening charge and no AMC
- Option chain with Greeks and a strategy builder
- Delivery trades are not free
- ₹50 + GST for each automatic square-off by the system
Your questions
Frequently asked questions
Is Zerodha or Paytm Money cheaper for options trading?
Both charge ₹20 per options order. STT and other statutory charges are the same at every broker; differences are in delivery charges, AMC and tools.
Are Zerodha and Paytm Money regulated?
Both are SEBI-registered stock brokers and members of NSE and BSE.
Can I have accounts with both Zerodha and Paytm Money?
Yes. You can hold demat and trading accounts with more than one broker; each charges its own AMC.
Does the broker change STT or exchange charges?
No. STT (0.15% of premium on the sell side), exchange charges, the SEBI fee and stamp duty are the same at every broker. Only brokerage and account charges differ.
Your next step
Your next step
ZerodhaThe discount broker most active traders started with; Kite platform and free Varsity lessons.
Open accountRead reviewPaytm MoneyApp-first discount broker with no AMC and options tools in the app.
Open account