Paytm Takes On Large Brokers With Rs 10 Per F&O Trade FeeFebruary 17, 2021
Paytm Money has started offering futures and options trading by charging a lower fee as it takes on larger peers in the derivatives segment.
A wholly owned subsidiary of One97 Communications Pvt., Paytm Money offers the “lowest and most competitive brokerage” at Rs 10 per F&O trade intraday and none for delivery, according to a company statement.
The charges by Paytm Group’s online investment platform are lower than Rs 20-40 charged by biggest brokerages like Zerodha, ICICI Direct and Upstox. That will increase competition in the F&O trading segment, which contributes bulk of the volumes for exchanges, as Paytm looks to find a foothold in broking business.