Wealth management and trading platform Paytm Money has increased the brokerage charges for new users, while retaining all its existing users at its initial pricing at the time of launch.
Revised Brokerage Charges – 15 For Stock Delivery and Intraday, Futures and Options (F&O) – Applicable to all new users who open Demat and Trading account on Paytm Money on or after August 5.
Existing users of Paytm Money (who have opened trading and demat account or invested in mutual funds before 5th August) will continue to trade with the brokerage charges fixed at the time of launch – 0* for stock delivery and 10 For intraday, futures and options trading.
Moreover, existing mutual fund investors on Paytm Money will also continue with the old charges, whenever they decide to open a demat and trading account.
According to the company, the new price is the lowest among the best brokers in the country.
A wholly owned subsidiary of One97 Communications Ltd., Futures & Options Dashboard, Portfolio Analytics and Good Till Trigger Order (GTT), Voice Trading, Advanced Charting, Super Fast Order Management System, Security of Equities and Solid Risk Management to simplify provides. F&O Trading.
“We uphold our commitment to our existing users and retain them at the brokerage fee that we set at launch. We’ve had an incredible two years in building a platform that leverages technology to simplify the trading experience for our rapidly growing community of one million strong equities and F&O users. In the next phase of growth, we plan to enhance the trading experience and move towards profitability for our users through innovative trading solutions,” said Varun Sridhar, Chief Executive Officer, Paytm Money.
The Paytm Money platform serves retail investors and advanced traders across India and processes over 100 million transactions a year.
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