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.
| Metric | Paytm Money | IIFL Securities |
|---|---|---|
| Delivery brokerage | ₹20 per order - see official pricing for current schedule | 0.25% per order on the standard plan; lower-percentage and flat plans available - see official pricing |
| Intraday brokerage | ₹20 per order (flat) | 0.05% per order on the standard plan - see official pricing |
| F&O brokerage | ₹20 per order (flat) | ₹20 per order (flat) |
| AMC | ₹0 demat AMC (₹300 per year platform fee applies) | Free first year, then ₹250–₹450 per year depending on plan |
| Account opening | See official pricing page | Free (₹0 online) |
| Trading API | Paytm Money API — See official developer page | IIFL Securities API — Free for IIFL customers (per official pages) |
| 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. | Traders who want a full-service broker with research and a free API, and who trade mainly F&O at flat pricing. |
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.
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
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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 - see official pricing for current schedule" and IIFL Securities as "0.25% per order on the standard plan; lower-percentage and flat plans available - see official pricing". 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.
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/pricing
- IIFL Securities - official website - https://www.iiflcapital.com
- IIFL Securities - official pricing - https://www.iiflcapital.com/brokerage-charges