Which is better, Paytm or Upstox?

Paytm vs Upstox is a question that cannot be answered without checking out what both firms have to offer. As a trader, you need to know what Paytm and Upstox are all about before you select the best one.

Let’s start with Paytm.


Paytm is one of the largest Indian brokerage firms. Not only that Paytm is known as a financial and trading firm. It has apps and websites that are used to make digital payments. It recently ventured into the brokerage world to provide discount brokerage services to Indian residents. Paytm is popular for targeting the young and middle-aged population. Its UI is simple for those who lack technological knowledge. Paytm provides good and diverse services to its customers.


Upstox is a renowned Indian stock brokerage firm. This brokerage firm is very popular in India. It was established by different organizations to provide discount brokerage services to Indian residents. Indian residents can use Upstox to invest and trade in different stocks. The firm offers a diverse trading platform to its customers.

One of the reasons many people like Upstox is its good customer services, inexpensive charges, and fast trading. In addition, Upstox uses advanced technology to offer affordable trading services to its clients.  The reason is that the firm is registered with financial associations that are tasked with customer satisfaction. These associations’ aim is that Indian brokers do not overcharge their customers. Therefore, any broker that belongs to these associations must abide by their rules.

Upstox provides robotic advisory services and digital tools for trading purposes. Traders who use these services can make use of the automated start and stop trading functions.

The downside of using Upstox is that there is no information based on research on firms they broker for.

Paytm vs upstox, which is better?

Paytm vs Upstox Merits

Paytm Merits:

  • Delivery trading is free of charge
  • Trading accounts are encrypted to ensure that the accounts are secured.
  • Trading charts can be found on the Paytm trading app and website.
  • You can apply for an IPO online.
  • You can make virtual investments in gold and so on.
  • You can calculate your broker’s fees and other trading charges.
  • This firm offers the cheapest charges if you use intraday.
  • No charges for mutual funds.
  • Detailed information about companies listed on the Paytm trading platform is available to the users.
  • Detailed information about the stock market and the current leading firm in the stock market is available. Users don’t need to pay extra charges to get this information.
  • No maintenance fees for traders and Demat users.
  • Automatic stock investment options for users are available every week or month on the Paytm app and website.
  • Paytm account registration is fast.
  • Digital registration of Demat accounts.
  • Paytm apps and websites are easy to use.

Upstox Merit:

  • No charges for mutual funds.
  • Upstox users are eligible to use Demat without paying any fees forever.
  • The trading app and website are automated to stop trading when the user is losing.
  • Affordable charges on equities.
  • Have the backing of reputable investors.
  • Top-quality digital trading tools and technology. This is why Upstox apps and websites rank high on the trading platforms lists.
  • Upstox users can use the apps and websites without any problem. It has automated instructions embedded in the apps and sites.
  • You can register on Upstox if you have an Aadhar card.
  • You can calculate your margins on Upstox trading apps or websites.
  • Options for mutual funds trading and NRI.
  • Different sets of brokerage prices are available. They are cheap too.

Paytm vs Upstox Demerits

Paytm Demerits:

  • Offline customer assistance is nonexistent at their branches.
  • There is only one package available on Paytm trading accounts.
  • No option for trading in commodities, NRI, and GTC.
  • You cannot calculate your margins on Paytm trading apps or websites.
  • There is a yearly charge of 300 INR when you use their brokerage platforms.
  • Call charges are expensive.
  • Transferring funds requires additional costs.

Upstox Demerits:

  • No options to do margin funds for customers.
  • You cannot find helpful recommendations or information on Upstox.
  • Upstox futures traders have to pay higher turnover fees as compared to other brokerage firms.
  • Limited monthly plans for traders.
  • No detailed information about the stocks for sale. Traders have to do proper findings themselves.
  • Transferring funds requires additional costs.


You might be confused when you read through the Paytm vs Upstox merits and demerits listed above. This is because both have their good and bad features, and you may not know which one to choose.

However, it is advised to choose either Paytm or Upstox based on your trading needs. For example, if you are interested in research-based investment, go for Paytm. Whereas, if you are interested in NRI trading that can automatically stop when you are losing, go for.

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