Paytm Money and HDFC SKY are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. Paytm Money is listed as a Private Discount Broker , established in 2019 and headquartered in Bangalore, while HDFC SKY is listed as a Private Discount Broker , established in 2023 and headquartered in Mumbai.
This comparison reviews brokerage, Demat charges, product availability, platforms, features, support, ratings, and complaints. Use the side-by-side tables below to see whether Paytm Money or HDFC SKY is a better fit for your investment style, platform preference, and budget.
Paytm Money is listed as a Private Discount Broker established in 2019 with headquarters in Bangalore and founded by Vijay Shekhar Sharma. The broker highlights access to equity delivery, equity intraday, equity futures, equity options and mutual funds through mobile app access, web trading and algo trading support and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking. It follows a Standard Plan brokerage structure.
HDFC SKY is listed as a Private Discount Broker established in 2023 with headquarters in Mumbai and founded by Dhiraj Relli. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access and web trading 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.
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.
Paytm Money vs HDFC SKY — A Comprehensive Company Overview
| Company Overview | Paytm Money | HDFC SKY |
|---|---|---|
| Company Type | Private | Private |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Bangalore | Mumbai |
| Founder | Vijay Shekhar Sharma | Dhiraj Relli |
| Establishment Year | 2019 | 2023 |
| Brokerage Plan | Standard Plan | Standard |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Paytm Money and HDFC SKY.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Paytm Money charges Rs.15 per Trade & 2.5% (whichever is low) while HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low).
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Paytm Money charges Rs.15 per Trade or 0.05% (whichever is Low) while HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low).
Equity futures: This charge applies to futures contracts on stocks and indices. Paytm Money charges Rs.15 per Trade or 0.02% (whichever is low) while HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low).
Equity options: This charge applies to equity option contracts. Paytm Money charges Rs.15 per Trade while HDFC SKY charges Rs.20 per Order.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Paytm Money charges N/A ; HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low).
Commodity options: This charge applies to option contracts on commodity instruments. Paytm Money charges N/A ; HDFC SKY charges Rs.20 per Order.
Currency futures: This charge allows participation in forex price movements on the exchange. Paytm Money charges N/A ; HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low).
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Paytm Money charges N/A ; HDFC SKY charges Rs.20 per order.
Paytm Money vs HDFC SKY — Detailed Brokerage Comparison
| Brokerage | Paytm Money | HDFC SKY |
|---|---|---|
| Brokerage Plan | Standard Plan | Standard |
| Subscription Charges | Zero | Zero |
| Equity Delivery | Rs.15 per Trade & 2.5% (whichever is low) | Rs.20 per Order or 0.01% (whichever is low) |
| Equity Intraday | Rs.15 per Trade or 0.05% (whichever is Low) | Rs.20 per Order or 0.01% (whichever is low) |
| Equity Future | Rs.15 per Trade or 0.02% (whichever is low) | Rs.20 per Order or 0.01% (whichever is low) |
| Equity Option | Rs.15 per Trade | Rs.20 per Order |
| Commodity Future | NA | Rs.20 per Order or 0.01% (whichever is low) |
| Commodity Option | NA | Rs.20 per Order |
| Currency Future | NA | Rs.20 per Order or 0.01% (whichever is low) |
| Currency Option | NA | Rs.20 per order |
Paytm Money provides mobile app access, web trading and algo trading support for order placement, portfolio tracking, and market monitoring. HDFC SKY provides mobile app access and web trading for its users.
Android app: Paytm Money and HDFC SKY both list an Android trading app.
iOS app: Paytm Money and HDFC SKY both list an iOS trading app.
Web trading platform: Paytm Money and HDFC SKY both list a web trading platform.
Desktop trading terminal: Neither broker currently highlights a desktop trading terminal.
Algo trading: Paytm Money lists algo trading support, while HDFC SKY does not currently mention it.
Basket trading: HDFC SKY lists basket trading, while Paytm Money does not currently mention it.
Foreign stocks platform: HDFC SKY lists foreign stocks access, while Paytm Money does not currently mention it.
Mutual fund platform: Paytm Money and HDFC SKY both list a mutual fund investment platform.
Digital gold platform: Neither broker currently highlights digital gold investing.
Bonds platform: HDFC SKY lists a bonds investment platform, while Paytm Money does not currently mention it.
Paytm Money vs HDFC SKY — Complete Comparison of Trading Platforms
| Trading Platform | Paytm Money | HDFC SKY |
|---|---|---|
| Android App | Paytm Money Android App Link | HDFC SKY Android App Link |
| iOS App | Paytm Money iOS App Link | HDFC SKY iOS App Link |
| Web Trading Platform | Paytm Money Web Trading Link | HDFC SKY Web Trading Link |
| Trading Terminal | NA | NA |
| Algo Trading Platform | Available | NA |
| Foreign Stocks Platform | NA | Available |
| Basket Trading Platform | NA | Available |
| Mutual Fund Platform | Available | Available |
| Digital Gold Platform | NA | NA |
| Bonds Platform | NA | Available |
Paytm Money highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking, while HDFC SKY 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 Paytm Money and HDFC SKY offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Paytm Money and HDFC SKY offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Paytm Money and HDFC SKY offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Paytm Money and HDFC SKY offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both Paytm Money and HDFC SKY offer this feature.
Global indices: Real-time data on leading global stock market indices. Both Paytm Money and HDFC SKY offer this feature.
Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. HDFC SKY offers this; Paytm Money does not currently highlight it.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. HDFC SKY offers this; Paytm Money does not currently highlight it.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Paytm Money and HDFC SKY offer this feature.
Live market: Live updates on market movements and trends. Both Paytm Money and HDFC SKY offer this feature.
Secure platform: A secure trading environment with next-generation security controls. Both Paytm Money and HDFC SKY offer this feature.
Paytm Money vs HDFC SKY — Comprehensive Comparison of Trading Features
| Trading Feature | Paytm Money | HDFC SKY |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | Yes |
| Research Reports | Yes | Yes |
| Global Indices | Yes | Yes |
| Customised Recommendations | No | Yes |
| Stock Tips | No | Yes |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | No | 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 Paytm Money and HDFC SKY.
Free account opening: HDFC SKY lists free account opening, while Paytm Money does not currently mention it.
Free AMC: HDFC SKY lists free Demat AMC, while Paytm Money does not currently mention it.
Free brokerage: Neither broker currently highlights free brokerage.
Flat brokerage: Paytm Money and HDFC SKY 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: Neither broker currently highlights free delivery trading.
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: HDFC SKY lists free research reports, while Paytm Money does not currently mention it.
Free trading calls: HDFC SKY lists free trading calls, while Paytm Money does not currently mention it.
Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.
Referral offers: Paytm Money offers Yes while HDFC SKY offers Rs.200 per Client for referrals.
Paytm Money vs HDFC SKY — Comparison of Latest Offers
| Offer | Paytm Money | HDFC SKY |
|---|---|---|
| Free Account Opening | No | Yes |
| Free AMC | No | Yes, Limited |
| Free Brokerage | No | No |
| Flat Brokerage | Yes | Yes |
| Flexible Brokerage Plans | No | No |
| Happy Trading Hours | No | No |
| Free Delivery Trading | No | No |
| Free Intraday Trading | No | No |
| Free F&O Trading | NA | No |
| Free Research Reports | No | Yes |
| Free Trading Calls | No | Yes |
| Referral Offers | Yes | Rs.200 per Client |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | No | No |
| Zero Brokerage for Loss-Making Trades | No | No |
Product availability determines whether a broker can support your preferred markets. Paytm Money highlights equity delivery, equity intraday, equity futures, equity options and mutual funds, while HDFC SKY highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures.
The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, mutual funds, commodity futures, commodity options, currency futures, currency options, foreign stocks, banking services, insurance, corporate bonds, government bonds and bonds.
Paytm Money vs HDFC SKY — Complete Comparison of Products
| Product | Paytm Money | HDFC SKY |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | No | Yes |
| Commodity Future | No | Yes |
| Currency Option | No | Yes |
| Currency Future | No | Yes |
| Foreign Stocks | No | Yes |
| Mutual Funds | Yes | Yes |
| Banking | No | Yes |
| Insurance | No | Yes |
| Corporate Bonds | No | Yes |
| Government Bonds | No | Yes |
| Digital Gold | No | No |
Demat services: Paytm Money and HDFC SKY both list Demat services.
Trading services: Paytm Money and HDFC SKY both list trading services.
Intraday services: Paytm Money and HDFC SKY both list intraday trading services.
F&O services: Paytm Money and HDFC SKY both list F&O services.
IPO services: Paytm Money and HDFC SKY both list IPO services.
3-in-1 account: HDFC SKY lists 3-in-1 account support, while Paytm Money does not currently mention it.
Stock research: HDFC SKY lists stock research, while Paytm Money does not currently mention it.
Stock recommendations: HDFC SKY lists stock recommendations, while Paytm Money does not currently mention it.
Trading education: Neither broker currently highlights trading education.
Share pledging: Paytm Money and HDFC SKY both list share pledging.
PMS or PCG: HDFC SKY lists PMS or PCG support, while Paytm Money does not currently mention it.
NRI services: HDFC SKY lists NRI services, while Paytm Money does not currently mention it.
Paytm Money provides Demat services, trading services, intraday trading, F&O trading, IPO access and share pledging, while HDFC SKY offers Demat services, trading services, intraday trading, F&O trading, IPO access and 3-in-1 account support.
Paytm Money vs HDFC SKY — In-Depth Comparison of Services
| Service | Paytm Money | HDFC SKY |
|---|---|---|
| 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 | No | Yes |
| Stock Research | No | Yes |
| Stock Recommendations | No | Yes |
| Trading Education | No | No |
| Share Pledging | Yes | Yes |
| PMS or PCG | No | Yes |
| NRI Services | No | Yes |
Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Paytm Money and HDFC SKY.
Paytm Money and HDFC SKY — Detailed Comparison of Advisory Services
| Advisory | Paytm Money | HDFC SKY |
|---|---|---|
| Fundamental Reports | No | Yes, Chargeable |
| Research Reports | No | Yes, Chargeable |
| Company Reports | No | Yes |
| Annual Reports | No | Yes |
| IPO Reports | No | Yes |
| Technical Reports | No | Yes |
| Stock Tips | No | Yes, Chargeable |
| Daily Top Stock Picks | No | Yes, Chargeable |
| Daily Market Review | No | Yes |
| Monthly Review | No | Yes |
| Weekly Review | No | Yes |
| Relationship Manager | No | Yes, Chargeable |
| Robo Advisory | No | No |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Paytm Money and HDFC SKY across different segments.
Paytm Money and HDFC SKY — Comprehensive Comparison of Trading Exposure
| Exposure | Paytm Money | HDFC SKY |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Intraday | Upto 5x (Depends on Stocks) | Upto 5x (Depends on Stocks) |
| Equity F&O Carry Forward | 1x | 1x |
| Equity F&O Intraday | 1.3x | 1.3x |
| Commodity F&O Carry Forward | 1x | 1x |
| Commodity F&O Intraday | 1.3x | 1.3x |
| Currency F&O | 1x | 1x |
Paytm Money and HDFC SKY both list a sub-broker program. Paytm Money and HDFC SKY both list a partner program. Paytm Money and HDFC SKY both list a referral program.
Paytm Money vs HDFC SKY — Comparative Analysis of Programs
| Program | Paytm Money | HDFC SKY |
|---|---|---|
| Sub-Broker Program | Yes | Yes, Limited |
| Partner Program | Yes | Yes |
| Referral Program | Yes | Yes |
Paytm Money provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. HDFC SKY provides support through trading desk support, dedicated dealer assistance, call support, email support and website support.
Paytm Money and HDFC SKY — Comprehensive Comparison of Customer Support
| Support Channel | Paytm Money | HDFC SKY |
|---|---|---|
| Trading Support | Available, Chargeable | Available, Free |
| Dedicated Dealer | Available, Chargeable | Available, Free |
| Call Support | 080-46253716 | 022-68494702 |
| Email Support | [email protected] | [email protected] |
| WhatsApp Support | NA | NA |
| Website Support | Website Link | Website Link |
| Facebook Support | Facebook Support Link | Facebook Support Link |
| Twitter / X Support | Twitter Support Link | Twitter Support Link |
| Telegram Support | — | — |
| Branches / Offices | NA | NA |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. Paytm Money carries an overall rating of 8.85 / 10, while HDFC SKY carries an overall rating of 9.10 / 10.
Paytm Money vs HDFC SKY — Ratings Comparison
| Rating Parameter | Paytm Money | HDFC SKY |
|---|---|---|
| Overall Rating | 8.85 / 10 | 9.10 / 10 |
| Customer Support | 8.81 / 10 | 9.16 / 10 |
| Technology | 8.95 / 10 | 9.11 / 10 |
| Charges | 8.88 / 10 | 9.53 / 10 |
| Products & Services | 8.79 / 10 | 9.24 / 10 |
| Experience | 8.77 / 10 | 8.42 / 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.
Paytm Money & HDFC SKY — Comparison of Customer Complaints
| Complaint Metric | Paytm Money | HDFC SKY |
|---|---|---|
| Total Complaints Lodged | 195 | 6 |
| Total Complaints Resolved | 172 | 6 |
| % of Resolved Complaints | 88.21% | 100% |
| Non-Actionable Complaints | 18 | 0 |
| % of Non-Actionable Complaints | 9.23% | 0% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Paytm Money and HDFC SKY.
Paytm Money vs HDFC SKY — Detailed Comparison of Transaction Charges
| Transaction Charges | Paytm Money | HDFC SKY |
|---|---|---|
| Equity Delivery | 0.00345% (NSE) & 0.00375% (BSE) | 0.00350% (NSE) & 0.00375% (BSE) |
| Equity Intraday | 0.00345% (NSE) & 0.00375% (BSE) | 0.00350% (NSE) & 0.00375% (BSE) |
| Equity Future | 0.002% (NSE & BSE) | 0.0019% (NSE & BSE) |
| Equity Option | 0.053% (on premium) | 0.053% (on premium) |
| Commodity Future | NA | 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special) |
| Commodity Option | NA | 0.05% (Non Agri) |
| Currency Future | NA | 0.0009% (NSE) & 0.00022% (BSE) |
| Currency Option | NA | 0.035% (NSE) & 0.001% (BSE) |
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.
Paytm Money & HDFC SKY — Comprehensive Comparison of Pledge Charges
| Pledge Charge | Paytm Money | HDFC SKY |
|---|---|---|
| Pledge Creation Charges | Rs.15 per Request | Rs.20 per Request |
| Pledge Invocation Charges | Rs.15 per Request | Rs.20 per Request |
| Margin Trading Interest | 0.049% per day | 0.075% 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.
Paytm Money and HDFC SKY — Detailed Comparison of Hidden / Other Charges
| Charge | Paytm Money | HDFC SKY |
|---|---|---|
| SEBI Turnover Charges | Rs.10/ Crore (All Segment) | Rs.10/ Crore (All Segment) |
| DP Charges | Rs.13.5 per Scrip only on Sell | Rs.20 per Scrip only on Sell |
| GST | 18% on (Brokerage + SEBI + Transaction charges) | 18% on (Brokerage + SEBI + Transaction charges) |
| Account Closure Charges | Nil | Free |
| Reactivation Charges | Nil | Free |
| Dematerialisation Charges | Rs.250 per 100 Certificate | Rs.50 per Certificate |
| Call & Trade Charges | Rs.100 per Trade | Rs.20 per Call |
Paytm Money lists account opening charges of Rs.200 and Demat AMC of Free. HDFC SKY lists account opening charges of Free and Demat AMC of Rs.300 per Year (1st Year Free).
Paytm Money vs HDFC SKY — Detailed Comparison of Demat Charges
| Demat Charges | Paytm Money | HDFC SKY |
|---|---|---|
| Account Opening Charges | Rs.200 | Free |
| Annual Maintenance Charges (AMC) | Free | Rs.300 per Year (1st Year 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.
Paytm Money vs HDFC SKY — Comparative Analysis of STT and CTT Charges
| STT & CTT | Paytm Money | HDFC SKY |
|---|---|---|
| Equity Delivery | 0.1% on buy & sell | 0.1% on buy & sell |
| Equity Intraday | 0.025% on sell | 0.025% on sell |
| Equity Future | 0.0125% on sell | 0.0125% on sell |
| Equity Option | 0.0625% on sell (on premium) | 0.0625% on sell (on premium) |
| Commodity Future | NA | 0.01% on sell (Non-Agri) |
| Commodity Option | NA | 0.05% on sell |
| Currency Future | NA | Nil |
| Currency Option | NA | Nil |
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.
Paytm Money and HDFC SKY — Comparison of Stamp Duty Charges
| Stamp Duty | Paytm Money | HDFC SKY |
|---|---|---|
| Equity Delivery | 0.015% on buy | 0.015% on buy |
| Equity Intraday | 0.003% on buy | 0.003% on buy |
| Equity Future | 0.002% on buy | 0.002% on buy |
| Equity Option | 0.003% on buy | 0.003% on buy |
| Commodity Future | NA | 0.002% on buy |
| Commodity Option | NA | 0.003% on buy |
| Currency Future | NA | 0.0001% on buy |
| Currency Option | NA | 0.0001% on buy |