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

Broker comparison

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

Side-by-side comparison of Fyers and Paytm Money 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 – 0Cheaper on example trades (Fyers – Paytm Money)
  • 6 – 3Published features (of 9)
Fyers vs Paytm Money — published pricing and features (official sources at last review)
Metric Fyers Paytm Money
Delivery brokerage ₹20 or 0.3% per order (whichever is lower) ₹20 per order (accounts opened on or after 25 Aug 2023)
Intraday brokerage ₹20 or 0.03% per order (whichever is lower) ₹20 per order (flat)
F&O brokerage ₹20 per order (options); ₹20 or 0.03% per order for futures (whichever is lower) ₹20 per order (flat)
AMC ₹0 (zero AMC) ₹0 demat AMC (per official site)
Account opening Free (₹0 account opening) See official pricing page
Trading API Fyers API — Free (per official API page) Paytm Money API
Reported execution speed p99 < 7 ms (processing, self-reported)self-reported Not Disclosed
Algo support Yes - free API; TradingView-based platform Yes - via trading API
Platforms Fyers app, Fyers Web, TradingView charts Paytm Money app, Paytm Money web
Best for (published) Chart-driven and algorithmic traders who live in TradingView. Paytm users who want investing and broking inside one ecosystem.

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)
TradeFyersPaytm MoneyCheaper
Intraday: ₹1 lakh buy & sell ₹82.97 ₹82.97 Tie
Delivery: ₹50,000 buy & sell ₹178.98 ₹178.98 Tie
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

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

What the published data shows

Fyers publishes an execution-speed figure; Paytm Money does not on verifiable sources.

Tools & profiles

Related comparisons

Frequently asked questions

Fyers vs Paytm Money: which has lower delivery brokerage?

At our last review, Fyers published delivery brokerage as "₹20 or 0.3% per order (whichever is lower)" and Paytm Money as "₹20 per order (accounts opened on or after 25 Aug 2023)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.

Does Fyers or Paytm Money have a trading API?

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

Which is faster — Fyers or Paytm Money?

Fyers publishes p99 < 7 ms (processing, self-reported). Paytm Money has no verifiable execution-speed figure we could cite.

Is Fyers cheaper than Paytm Money?

On our four example trades (intraday, delivery, options and futures), Fyers is cheaper on 0, Paytm Money on 0, and 4 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. Fyers - official website - https://fyers.in
  2. Fyers - official pricing - https://fyers.in/pricing/
  3. Paytm Money - official website - https://www.paytmmoney.com
  4. Paytm Money - official pricing - https://www.paytmmoney.com/stocks/pricing