Broker comparison
Paytm Money vs IIFL Securities (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Paytm Money and IIFL Securities from published official pricing and features — no affiliation with either broker.
- 3 – 0Cheaper on example trades (Paytm Money – IIFL Securities)
- 3 – 5Published features (of 9)
| Metric | Paytm Money | IIFL Securities |
|---|---|---|
| Delivery brokerage | ₹20 per order (accounts opened on or after 25 Aug 2023) | 0.25% per order (Investor Plan - Online Plus, per official rate card) |
| Intraday brokerage | ₹20 per order (flat) | 0.025% per order (Investor Plan - Online Plus) |
| F&O brokerage | ₹20 per order (flat) | Futures 0.025% per order; options ₹25 per lot (Investor Plan - Online Plus) |
| AMC | ₹0 demat AMC (per official site) | Free first year, then ₹250 + GST per year |
| Account opening | See official pricing page | Free (₹0 online) |
| Trading API | Paytm Money API | IIFL Securities API |
| Reported execution speed | Not Disclosed | ≈ 95 ms (median) |
| Algo support | Yes - via trading API | Yes - via IIFL trading API |
| Platforms | Paytm Money app, Paytm Money web | IIFL Markets app, IIFL web (Trading Terminal), IIFL NEST desktop |
| Best for (published) | Paytm users who want investing and broking inside one ecosystem. | Investors who want a full-service broker with in-house research and wide product coverage. |
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
| Trade | Paytm Money | IIFL Securities | Cheaper |
|---|---|---|---|
| Intraday: ₹1 lakh buy & sell | ₹82.97 | ₹95.06 | Paytm Money (saves ₹12.09) |
| Delivery: ₹50,000 buy & sell | ₹178.98 | ₹441.53 | Paytm Money (saves ₹262.55) |
| Options: premium ₹100 × 75 | ₹66.43 | Not modelled | - |
| Futures: ₹24,000 × 75 | ₹1,067.15 | ₹2,083.06 | Paytm Money (saves ₹1,015.91) |
Illustrative quantities. Try your own trade in the compare-all brokerage calculator.
Feature check
| Feature | Paytm Money | IIFL Securities |
|---|---|---|
| Free delivery | – | – |
| Zero AMC | ✓ | – |
| Free API | – | – |
| TradingView | – | – |
| MCX commodity | – | ✓ |
| Mutual funds | ✓ | ✓ |
| IPO | ✓ | ✓ |
| Research desk | – | ✓ |
| Published speed | – | ✓ |
What the published data shows
IIFL Securities publishes an execution-speed figure; Paytm Money does not on verifiable sources.
Tools & profiles
- Paytm Money full profile
- IIFL Securities full profile
- Paytm Money brokerage calculator
- IIFL Securities brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Paytm Money vs IIFL Securities: 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 IIFL Securities as "0.25% per order (Investor Plan - Online Plus, per official rate card)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does Paytm Money or IIFL Securities have a trading API?
Both have documented APIs at review time: Paytm Money (Paytm Money API), IIFL Securities (IIFL Securities API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Paytm Money or IIFL Securities?
IIFL Securities publishes ≈ 95 ms (median). Paytm Money has no verifiable execution-speed figure we could cite.
Is Paytm Money cheaper than IIFL Securities?
On our four example trades (intraday, delivery, options and futures), Paytm Money is cheaper on 3, IIFL Securities on 0, and 0 are tied, with the rest not modelled from published pricing. 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
- Paytm Money - official website - https://www.paytmmoney.com
- Paytm Money - official pricing - https://www.paytmmoney.com/stocks/pricing
- IIFL Securities - official website - https://www.iiflcapital.com
- IIFL Securities - official pricing - https://www.iiflcapital.com/brokerage-charges