Independent. No broker pays us, and every number comes from a published source.

Broker comparison

Paytm Money vs Arrow (2026): Brokerage, API, AMC & Execution Compared

Side-by-side comparison of Paytm Money and Arrow from published official pricing and features — no affiliation with either broker.

By the Indian Broker Test editorial desk · Published 8 July 2026 · Data last reviewed 14 November 2026 · Independent

  • 0 – 1Cheaper on example trades (Paytm Money – Arrow)
  • 3 – 4Published features (of 9)
Paytm Money vs Arrow — published pricing and features (official sources at last review)
Metric Paytm Money Arrow
Delivery brokerage ₹20 per order (accounts opened on or after 25 Aug 2023) ₹0 (free)
Intraday brokerage ₹20 per order (flat) ₹20 or 0.03% per order (whichever is lower)
F&O brokerage ₹20 per order (flat) ₹20 per order (options); ₹20 or 0.03% per order for futures (whichever is lower)
AMC ₹0 demat AMC (per official site) ₹0 (individual accounts; ₹500/year for non-individual accounts)
Account opening See official pricing page ₹0 (free)
Trading API Paytm Money API Arrow API — See official docs
Reported execution speed Not Disclosed 95% < 2.9 ms · 99% < 4 msself-reported
Algo support Yes - via trading API API with Python & Go clients; in-house algo tools “Coming soon” per official site
Platforms Paytm Money app, Paytm Money web Arrow mobile app (iOS/Android), Arrow web, Python & Go clients
Best for (published) Paytm users who want investing and broking inside one ecosystem. Latency-sensitive and professional traders who prioritise order-execution speed.

Statutory charges (STT, exchange fees, GST, etc.) are not included. Figures are from official pricing pages at our last review — verify before opening an account.

Cost face-off: what real trades cost

Total charges per round trip, brokerage + all statutory charges (NSE)
TradePaytm MoneyArrowCheaper
Intraday: ₹1 lakh buy & sell ₹82.97 ₹82.97 Tie
Delivery: ₹50,000 buy & sell ₹178.98 ₹131.78 Arrow (saves ₹47.2)
Options: premium ₹100 × 75 ₹66.43 ₹66.43 Tie
Futures: ₹24,000 × 75 ₹1,067.15 ₹1,067.15 Tie

Illustrative quantities. Try your own trade in the compare-all brokerage calculator.

Feature check

FeaturePaytm MoneyArrow
Free delivery–✓
Zero AMC✓✓
Free API––
TradingView––
MCX commodity–✓
Mutual funds✓–
IPO✓–
Research desk––
Published speed–✓

What the published data shows

Arrow publishes free equity delivery; Paytm Money does not (per official pricing at review). Arrow publishes an execution-speed figure; Paytm Money does not on verifiable sources.

Tools & profiles

Related comparisons

Frequently asked questions

Paytm Money vs Arrow: which has lower delivery brokerage?

At our last review, Paytm Money published delivery brokerage as "₹20 per order (accounts opened on or after 25 Aug 2023)" and Arrow as "₹0 (free)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.

Does Paytm Money or Arrow have a trading API?

Both have documented APIs at review time: Paytm Money (Paytm Money API), Arrow (Arrow API). Compare pricing and rate limits on each broker's developer page.

Which is faster — Paytm Money or Arrow?

Arrow publishes 95% < 2.9 ms · 99% < 4 ms. Paytm Money has no verifiable execution-speed figure we could cite.

Is Paytm Money cheaper than Arrow?

On our four example trades (intraday, delivery, options and futures), Paytm Money is cheaper on 0, Arrow on 1, and 3 are tied. Statutory charges are identical, so any difference comes from brokerage.

Are these comparisons independent?

Yes. Indian Broker Test is not affiliated with, sponsored by, or endorsed by any broker. Rankings and comparisons use only published official data; gaps are shown as Not Disclosed.

Sources

  1. Paytm Money - official website - https://www.paytmmoney.com
  2. Paytm Money - official pricing - https://www.paytmmoney.com/stocks/pricing
  3. Arrow - official website - https://arrow.trade
  4. Arrow - official pricing - https://arrow.trade/pricing