Lemonn and Paytm Money are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. Lemonn is listed as a Private Discount Broker , established in 2020 and headquartered in Mumbai, while Paytm Money is listed as a Private Discount Broker , established in 2019 and headquartered in Bangalore.
This comparison reviews brokerage, Demat charges, product availability, platforms, features, support, ratings, and complaints. Use the side-by-side tables below to see whether Lemonn or Paytm Money is a better fit for your investment style, platform preference, and budget.
Lemonn is listed as a Private Discount Broker established in 2020 with headquarters in Mumbai and founded by Ashish Singhal, Govind Soni, & Vimal Sagar Tiwari. The broker highlights access to equity delivery, equity intraday, equity futures, equity options and mutual funds through mobile app access, web trading and desktop terminal access and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. It follows a Standard brokerage structure.
Paytm Money is listed as a Private Discount Broker established in 2019 with headquarters in Bangalore and founded by Vijay Shekhar Sharma. It offers equity delivery, equity intraday, equity futures, equity options and mutual funds using mobile app access, web trading and algo trading support and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking. Its brokerage model is structured as Standard Plan.
Both brokers use technology-driven platforms to attract active traders and investors, but the better option depends on the combination of pricing, products, services, and support that matters most to you.
Lemonn vs Paytm Money — A Comprehensive Company Overview
| Company Overview | Lemonn | Paytm Money |
|---|---|---|
| Company Type | Private | Private |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Mumbai | Bangalore |
| Founder | Ashish Singhal, Govind Soni, & Vimal Sagar Tiwari | Vijay Shekhar Sharma |
| Establishment Year | 2020 | 2019 |
| Brokerage Plan | Standard | Standard Plan |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Lemonn and Paytm Money.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Lemonn charges Rs 20 per executed order while Paytm Money charges Rs.15 per Trade & 2.5% (whichever is low).
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Lemonn charges Rs 20 per executed order while Paytm Money charges Rs.15 per Trade or 0.05% (whichever is Low).
Equity futures: This charge applies to futures contracts on stocks and indices. Lemonn charges Rs 20 per executed order while Paytm Money charges Rs.15 per Trade or 0.02% (whichever is low).
Equity options: This charge applies to equity option contracts. Lemonn charges Rs 20 per executed order while Paytm Money charges Rs.15 per Trade.
Lemonn vs Paytm Money — Detailed Brokerage Comparison
| Brokerage | Lemonn | Paytm Money |
|---|---|---|
| Brokerage Plan | Standard | Standard Plan |
| Subscription Charges | Zero | Zero |
| Equity Delivery | Rs 20 per executed order | Rs.15 per Trade & 2.5% (whichever is low) |
| Equity Intraday | Rs 20 per executed order | Rs.15 per Trade or 0.05% (whichever is Low) |
| Equity Future | Rs 20 per executed order | Rs.15 per Trade or 0.02% (whichever is low) |
| Equity Option | Rs 20 per executed order | Rs.15 per Trade |
| Commodity Future | Not Available | NA |
| Commodity Option | Not Available | NA |
| Currency Future | Not Available | NA |
| Currency Option | Not Available | NA |
Lemonn provides mobile app access, web trading and desktop terminal access for order placement, portfolio tracking, and market monitoring. Paytm Money provides mobile app access, web trading and algo trading support for its users.
Android app: Lemonn and Paytm Money both list an Android trading app.
iOS app: Lemonn and Paytm Money both list an iOS trading app.
Web trading platform: Lemonn and Paytm Money both list a web trading platform.
Desktop trading terminal: Lemonn lists a desktop trading terminal, while Paytm Money does not currently mention it.
Algo trading: Paytm Money lists algo trading support, while Lemonn does not currently mention it.
Basket trading: Neither broker currently highlights basket trading.
Foreign stocks platform: Neither broker currently highlights foreign stocks access.
Mutual fund platform: Lemonn and Paytm Money both list a mutual fund investment platform.
Digital gold platform: Neither broker currently highlights digital gold investing.
Bonds platform: Neither broker currently highlights a bonds investment platform.
Lemonn vs Paytm Money — Complete Comparison of Trading Platforms
| Trading Platform | Lemonn | Paytm Money |
|---|---|---|
| Android App | Download | Paytm Money Android App Link |
| iOS App | Download | Paytm Money iOS App Link |
| Web Trading Platform | Lemonn Trade | Paytm Money Web Trading Link |
| Trading Terminal | Available | NA |
| Algo Trading Platform | Not Available | Available |
| Foreign Stocks Platform | Not Available | NA |
| Basket Trading Platform | Not Available | NA |
| Mutual Fund Platform | Available | Available |
| Digital Gold Platform | Not Available | NA |
| Bonds Platform | Not Available | NA |
Lemonn highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations, while Paytm Money promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking. The table below shows the full feature set for both brokers side by side.
Wishlist: Monitor specific stocks or assets by adding them to a watchlist for close tracking. Both Lemonn and Paytm Money offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Lemonn and Paytm Money offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Lemonn and Paytm Money offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Lemonn and Paytm Money offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both Lemonn and Paytm Money offer this feature.
Global indices: Real-time data on leading global stock market indices. Paytm Money offers this; Lemonn does not currently highlight it.
Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Lemonn offers this; Paytm Money does not currently highlight it.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Lemonn offers this; Paytm Money does not currently highlight it.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Lemonn and Paytm Money offer this feature.
Live market: Live updates on market movements and trends. Both Lemonn and Paytm Money offer this feature.
Multi profile management: Manage multiple trading profiles from a single account. Lemonn offers this; Paytm Money does not currently highlight it.
Secure platform: A secure trading environment with next-generation security controls. Both Lemonn and Paytm Money offer this feature.
Lemonn vs Paytm Money — Comprehensive Comparison of Trading Features
| Trading Feature | Lemonn | Paytm Money |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | Yes |
| Research Reports | Yes | Yes |
| Global Indices | No | Yes |
| Customised Recommendations | Yes | No |
| Stock Tips | Yes | No |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | Yes | No |
| Robust & Secure Platform | Yes | Yes |
Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Lemonn and Paytm Money.
Free account opening: Lemonn lists free account opening, while Paytm Money does not currently mention it.
Free AMC: Lemonn lists free Demat AMC, while Paytm Money does not currently mention it.
Free brokerage: Neither broker currently highlights free brokerage.
Flat brokerage: Lemonn and Paytm Money both list flat brokerage pricing.
Flexible brokerage plans: Neither broker currently highlights flexible brokerage plans.
Happy trading hours: Neither broker currently highlights happy trading hours.
Free delivery trading: Lemonn lists free delivery trading, while Paytm Money does not currently mention it.
Free intraday trading: Neither broker currently highlights free intraday trading.
Free F&O trading: Neither broker currently highlights free F&O trading.
Free research reports: Neither broker currently highlights free research reports.
Free trading calls: Neither broker currently highlights free trading calls.
Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.
Referral offers: Paytm Money offers Yes for referrals; Lemonn does not currently list a referral offer.
Lemonn vs Paytm Money — Comparison of Latest Offers
| Offer | Lemonn | Paytm Money |
|---|---|---|
| Free Account Opening | Yes | No |
| Free AMC | Free for 1st Year, Rs 250+ Gst afterwards | No |
| Free Brokerage | No | No |
| Flat Brokerage | Yes | Yes |
| Flexible Brokerage Plans | No | No |
| Happy Trading Hours | No | No |
| Free Delivery Trading | Yes | No |
| Free Intraday Trading | No | No |
| Free F&O Trading | No | NA |
| Free Research Reports | No | No |
| Free Trading Calls | No | No |
| Referral Offers | No | Yes |
| Margin Funding / Pledging | No | Yes |
| Brokerage Cashback | No | No |
| Zero Brokerage for Loss-Making Trades | No | No |
Product availability determines whether a broker can support your preferred markets. Lemonn highlights equity delivery, equity intraday, equity futures, equity options and mutual funds, while Paytm Money highlights equity delivery, equity intraday, equity futures, equity options and mutual funds.
The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options and mutual funds.
Lemonn vs Paytm Money — Complete Comparison of Products
| Product | Lemonn | Paytm Money |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | No | No |
| Commodity Future | No | No |
| Currency Option | No | No |
| Currency Future | No | No |
| Foreign Stocks | No | No |
| Mutual Funds | Yes | Yes |
| Banking | No | No |
| Insurance | No | No |
| Corporate Bonds | No | No |
| Government Bonds | No | No |
| Digital Gold | No | No |
Demat services: Lemonn and Paytm Money both list Demat services.
Trading services: Lemonn and Paytm Money both list trading services.
Intraday services: Lemonn and Paytm Money both list intraday trading services.
F&O services: Lemonn and Paytm Money both list F&O services.
IPO services: Lemonn and Paytm Money both list IPO services.
3-in-1 account: Lemonn lists 3-in-1 account support, while Paytm Money does not currently mention it.
Stock research: Lemonn lists stock research, while Paytm Money does not currently mention it.
Stock recommendations: Lemonn lists stock recommendations, while Paytm Money does not currently mention it.
Trading education: Neither broker currently highlights trading education.
Share pledging: Lemonn and Paytm Money both list share pledging.
PMS or PCG: Lemonn lists PMS or PCG support, while Paytm Money does not currently mention it.
NRI services: Neither broker currently highlights NRI services.
Lemonn provides Demat services, trading services, intraday trading, F&O trading, IPO access and 3-in-1 account support, while Paytm Money offers Demat services, trading services, intraday trading, F&O trading, IPO access and share pledging.
Lemonn vs Paytm Money — In-Depth Comparison of Services
| Service | Lemonn | Paytm Money |
|---|---|---|
| Demat Services | Yes | Yes |
| Trading Services | Yes | Yes |
| Intraday Services | Yes | Yes |
| F&O Services | Yes | Yes |
| IPO Services | Yes | Yes |
| 3-in-1 Account | Yes | No |
| Stock Research | Yes | No |
| Stock Recommendations | Yes | No |
| Trading Education | No | No |
| Share Pledging | Yes | Yes |
| PMS or PCG | Yes | No |
| NRI Services | No | No |
Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Lemonn and Paytm Money.
Lemonn and Paytm Money — Detailed Comparison of Advisory Services
| Advisory | Lemonn | Paytm Money |
|---|---|---|
| Fundamental Reports | Yes | No |
| Research Reports | Yes | No |
| Company Reports | Yes | No |
| Annual Reports | Yes | No |
| IPO Reports | Yes | No |
| Technical Reports | Yes | No |
| Stock Tips | Yes | No |
| Daily Top Stock Picks | Yes | No |
| Daily Market Review | Yes | No |
| Monthly Review | Yes | No |
| Weekly Review | Yes | No |
| Relationship Manager | Yes | No |
| Robo Advisory | Yes | No |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Lemonn and Paytm Money across different segments.
Lemonn and Paytm Money — Comprehensive Comparison of Trading Exposure
| Exposure | Lemonn | Paytm Money |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Intraday | 2x | Upto 5x (Depends on Stocks) |
| Equity F&O Carry Forward | 1x | 1x |
| Equity F&O Intraday | 2x | 1.3x |
| Commodity F&O Carry Forward | N/A | 1x |
| Commodity F&O Intraday | N/A | 1.3x |
| Currency F&O | N/A | 1x |
Lemonn and Paytm Money both list a sub-broker program. Lemonn and Paytm Money both list a partner program. Lemonn and Paytm Money both list a referral program.
Lemonn vs Paytm Money — Comparative Analysis of Programs
| Program | Lemonn | Paytm Money |
|---|---|---|
| Sub-Broker Program | Yes | Yes |
| Partner Program | Yes | Yes |
| Referral Program | Yes | Yes |
Lemonn provides support through trading desk support, call support, email support, website support and Facebook support. Paytm Money provides support through trading desk support, dedicated dealer assistance, call support, email support and website support.
Lemonn and Paytm Money — Comprehensive Comparison of Customer Support
| Support Channel | Lemonn | Paytm Money |
|---|---|---|
| Trading Support | +918035769929 | Available, Chargeable |
| Dedicated Dealer | Available, Chargeable | |
| Call Support | +918040011310 | 080-46253716 |
| Email Support | [email protected] | [email protected] |
| WhatsApp Support | NA | |
| Website Support | https://lemonn.co.in/ | Website Link |
| Facebook Support | https://www.facebook.com/lemonnhq | Facebook Support Link |
| Twitter / X Support | https://twitter.com/LemonnHQ | Twitter Support Link |
| Telegram Support | — | — |
| Branches / Offices | NA |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. Lemonn carries an overall rating of 4/5, while Paytm Money carries an overall rating of 8.85 / 10.
Lemonn vs Paytm Money — Ratings Comparison
| Rating Parameter | Lemonn | Paytm Money |
|---|---|---|
| Overall Rating | 4/5 | 8.85 / 10 |
| Customer Support | 4/5 | 8.81 / 10 |
| Technology | 4/5 | 8.95 / 10 |
| Charges | 4/5 | 8.88 / 10 |
| Products & Services | 4/5 | 8.79 / 10 |
| Experience | 4/5 | 8.77 / 10 |
SEBI, BSE, and NSE regularly publish broker complaint data as part of investor protection oversight. The table below shows the complaint records for both brokers.
Lemonn & Paytm Money — Comparison of Customer Complaints
| Complaint Metric | Lemonn | Paytm Money |
|---|---|---|
| Total Complaints Lodged | 195 | |
| Total Complaints Resolved | 172 | |
| % of Resolved Complaints | 88.21% | |
| Non-Actionable Complaints | 18 | |
| % of Non-Actionable Complaints | 9.23% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Lemonn and Paytm Money.
Lemonn vs Paytm Money — Detailed Comparison of Transaction Charges
| Transaction Charges | Lemonn | Paytm Money |
|---|---|---|
| Equity Delivery | ₹1500 per crore on buy orders | 0.00345% (NSE) & 0.00375% (BSE) |
| Equity Intraday | ₹300 per crore on buy orders | 0.00345% (NSE) & 0.00375% (BSE) |
| Equity Future | ₹200 per crore on buy orders | 0.002% (NSE & BSE) |
| Equity Option | ₹200 per crore on buy orders | 0.053% (on premium) |
| Commodity Future | - | NA |
| Commodity Option | - | NA |
| Currency Future | - | NA |
| Currency Option | - | NA |
Pledge creation charges apply when traders borrow against their held securities. Pledge invocation charges apply if the pledged shares are sold due to a shortfall. Margin trading interest is the rate charged on borrowed funds.
Lemonn & Paytm Money — Comprehensive Comparison of Pledge Charges
| Pledge Charge | Lemonn | Paytm Money |
|---|---|---|
| Pledge Creation Charges | Rs 20 + GST per ISIN | Rs.15 per Request |
| Pledge Invocation Charges | ₹50 per ISIN | Rs.15 per Request |
| Margin Trading Interest | ₹20 | 0.049% per day |
Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.
Lemonn and Paytm Money — Detailed Comparison of Hidden / Other Charges
| Charge | Lemonn | Paytm Money |
|---|---|---|
| SEBI Turnover Charges | 0.0001% | Rs.10/ Crore (All Segment) |
| DP Charges | Rs 20 | Rs.13.5 per Scrip only on Sell |
| GST | 18% on (transaction charges) | 18% on (Brokerage + SEBI + Transaction charges) |
| Account Closure Charges | Nil | |
| Reactivation Charges | Nil | |
| Dematerialisation Charges | Rs.250 per 100 Certificate | |
| Call & Trade Charges | ₹50 per ISIN | Rs.100 per Trade |
Lemonn lists account opening charges of Free and Demat AMC of Rs 250+ GST. Paytm Money lists account opening charges of Rs.200 and Demat AMC of Free.
Lemonn vs Paytm Money — Detailed Comparison of Demat Charges
| Demat Charges | Lemonn | Paytm Money |
|---|---|---|
| Account Opening Charges | Free | Rs.200 |
| Annual Maintenance Charges (AMC) | Rs 250+ GST | Free |
Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are government levies — the same for all brokers in India. These are shown below for reference.
Lemonn vs Paytm Money — Comparative Analysis of STT and CTT Charges
| STT & CTT | Lemonn | Paytm Money |
|---|---|---|
| Equity Delivery | 0.1% on buy & sell | 0.1% on buy & sell |
| Equity Intraday | 0.025% on the sell side | 0.025% on sell |
| Equity Future | 0.01% on the sell side | 0.0125% on sell |
| Equity Option | 0.5% on sell side | 0.0625% on sell (on premium) |
| Commodity Future | - | NA |
| Commodity Option | - | NA |
| Currency Future | - | NA |
| Currency Option | - | NA |
Stamp duty is a government tax charged when the broker issues, sells, or transfers a security. It is collected at the end of each trading day.
Lemonn and Paytm Money — Comparison of Stamp Duty Charges
| Stamp Duty | Lemonn | Paytm Money |
|---|---|---|
| Equity Delivery | 0.015% on buy | |
| Equity Intraday | 0.003% on buy | |
| Equity Future | 0.002% on buy | |
| Equity Option | 0.003% on buy | |
| Commodity Future | NA | |
| Commodity Option | NA | |
| Currency Future | NA | |
| Currency Option | NA |