The comparison between First Demat , Anand Rathi, and Paytm Money highlights the major differences in their services and features, including overall ratings, brokerage charges, trading platforms, investment offerings, and customer service quality. First Demat is known for its user-friendly trading experience and reliability, while Anand Rathi stands out for offering competitive brokerage rates and an advanced mobile trading platform. Paytm Money provides an excellent balance of technology, research tools, and responsive customer support. In terms of active clients, the brokers report approximately 500, 149,849, and 6.89 lakh users respectively, reflecting their popularity among investors. Overall, this comparison of First Demat , Anand Rathi, and Paytm Money helps traders and investors choose the most suitable broker based on features, pricing, and platform performance.
Services / Features
The services/features comparison between First Demat , Anand Rathi, and Paytm Money reveals significant differences in their offerings. First Demat provides 5 for Overall Rating, while Anand Rathi offers 4 and Paytm Money features 4.
| Services / Features | First Demat | Anand Rathi | Paytm Money |
|---|---|---|---|
| Overall Rating | ★★★★★ | ★★★★★ | ★★★★★ |
| Brokerage Charges | ★★★★★ | ★★★★★ | ★★★★★ |
| Trading Platform | ★★★★★ | ★★★★★ | ★★★★★ |
| Investments Offering | ★★★★★ | ★★★★★ | ★★★★★ |
| Customer Service | No Rating | ★★★★★ | ★★★★★ |
| Broker Type | Discount Broker | Full Service Broker | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX | NSE, BSE, MCX | NSE, BSE, MCX |
| Active Clients | 500 | 149,849 | 6.89 lakh |
| Broker Overview | First Demat Review | Anand Rathi Review | Paytm Money Review |
Account Opening Charges and AMC
The account opening charges and AMC comparison between First Demat , Anand Rathi, and Paytm Money reveal significant differences in their offerings. First Demat provides ₹0 (online); ₹500 offline trading and demat account opening, while Anand Rathi offers N/A and Paytm Money features N/A.
| Account Opening Charges and AMC | First Demat | Anand Rathi | Paytm Money |
|---|---|---|---|
| Trading Account Opening | ₹0 (online); ₹500 offline | — | — |
| Trading AMC | ₹0 | — | — |
| Demat Account Opening | ₹0 | — | — |
| Demat AMC | ₹0 for the 1st year | — | — |
| Provide DP Service | Yes | Yes | Yes |
Brokerage Plans
The brokerage plans comparison between First Demat , Anand Rathi, and Paytm Money reveals significant differences in their offerings. First Demat provides Yes (DOCX: multiple packs; site shows one flat plan) plans, while Anand Rathi offers - and Paytm Money features -.
| Brokerage Plans | First Demat | Anand Rathi | Paytm Money |
|---|---|---|---|
| Multiple Plans | Yes (DOCX: multiple packs; site shows one flat plan) | - | - |
| Monthly Plans | No | - | - |
| Yearly Plans | No | - | - |
Brokerage Charges
This comparison between First Demat , Anand Rathi, and Paytm Money reveals significant differences in their brokerage charges. First Demat charges 0.1% or ₹20 per executed order, whichever is lower brokerage on equity delivery and intraday, Flat ₹20 per executed order for futures, and Flat ₹20 per executed order for options. Anand Rathi charges 0.20% brokerage on equity delivery and intraday, 0.02% for futures, and Rs 50 per lot for options. Paytm Money charges 2.5% or Rs. 20 per order brokerage on equity delivery and intraday, 0.02% or Rs. 20 per order for futures, and Rs. 20 per order for options.
| Brokerage Charges | First Demat | Anand Rathi | Paytm Money |
|---|---|---|---|
| Plan Name | Multiple Brokerage Packs | - | - |
| Equity Delivery | 0.1% or ₹20 per executed order, whichever is lower | 0.20% | 2.5% or Rs. 20 per order |
| Equity Intraday | 0.1% or ₹20 per executed order, whichever is lower | 0.02% | 0.05% or Rs. 20 per order |
| Equity Futures | Flat ₹20 per executed order | 0.02% | 0.02% or Rs. 20 per order |
| Equity Options | Flat ₹20 per executed order | Rs 50 per lot | Rs. 20 per order |
| Currency Futures | - | 0.02% | |
| Currency Options | - | Rs 20 per lot | |
| Commodity Futures | Starting ₹20 per order | 0.02% | |
| Commodity Options | Starting ₹20 per order | Rs 100 per lot | |
| Hidden Charges | No | No | No |
| Call & Trade Charges | ₹50 per trade (+18% GST) | 50 + GST | 50 + GST |
| Auto Square Off Charges | ₹50 per trade (+18% GST) | 50 + GST | 50 + GST |
| Brokerage Calculator | First Demat Brokerage Calculator |
Transactions Charges
This comparison between First Demat , Anand Rathi, and Paytm Money reveals significant differences in their transactions. First Demat provides NSE: 0.00307%, BSE: 0.00375% for Transaction Charges Equity Delivery, while Anand Rathi offers NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) and Paytm Money features 0.00297% for NSE | 0.00375% for BSE.
| Transactions Charges | First Demat | Anand Rathi | Paytm Money |
|---|---|---|---|
| Equity Delivery | NSE: 0.00307%, BSE: 0.00375% | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) | 0.00297% for NSE | 0.00375% for BSE |
| Equity Intraday | NSE: 0.00307%, BSE: 0.00375% | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) | 0.00297% for NSE | 0.00375% for BSE |
| Equity Futures | NSE: 0.00183%, BSE: 0 | NSE Rs 173 per Cr (0.00173%) | BSE Rs 0 | 0.03503% for NSE | 0.03250% for BSE |
| Equity Options | NSE: 0.03553% (on premium), BSE: 0.0325% (on premium) | NSE Rs 3503 per Cr (0.03503%) | BSE Rs 325 per Cr (0.00325%) | 0.00173% for NSE | 0.0% for BSE |
| Currency Futures | - | NSE Rs 35 per Cr (0.00035%) | BSE Rs 45 per Cr (0.00045%) | — |
| Currency Options | - | NSE Rs 3110 per Cr (0.0311%) | BSE Rs 100 per Cr (0.001%) (on premium) | — |
| Commodity | - | — | — |
Account Features
These are the notable distinctions in the account features of First Demat , Anand Rathi, and Paytm Money when compared.
| Account Features | First Demat | Anand Rathi | Paytm Money |
|---|---|---|---|
| 3-in-1 Account | No | No | No |
| Charting | Yes (TradingView integration, indicators) | Yes | Yes |
| Algo Trading | Yes | Yes | Yes |
| SMS Alerts | Yes (site also lists smart alerts, price watch alerts) | Yes | Yes |
| Online Demo | No | Yes | Yes |
| Online Portfolio | No | Yes | Yes |
| Margin Trading Funding Available | No | Yes | Yes |
| Combined Ledger for Equity and Commodity | Yes | Yes | Yes |
| Intraday Square-off Time | 3:05 pm | 3:20 PM | — |
| NRI Trading | No | Yes | Yes |
Trading Platforms
The trading platforms comparison between First Demat , Anand Rathi, and Paytm Money reveals significant differences in their offerings. First Demat , Anand Rathi and Paytm Money provide web trading platforms and mobile trading platforms.
| Trading Platforms | First Demat | Anand Rathi | Paytm Money |
|---|---|---|---|
| Web Trading Platform | Yes | Yes | Yes |
| Web Trading Detail | Browser terminal with quick trade mode, TradingView charts, GTT and Cover orders, basket orders, option strategy builder | Anand Rathi | Paytm Money Web |
| Mobile Trading | Yes | Yes | Yes |
| Mobile Trading App | Yes | Yes | Yes |
| Android Mobile App | Yes | Yes | Yes |
| Android App Download | Yes | Yes | Yes |
| iPhone Mobile App (iOS) | Yes | Yes | Yes |
| iOS App Download | Download | Download | Paytm Money |
| Android Tablet App | Yes | Yes | Yes |
| iPad App (iOS) | Yes | Yes | Yes |
| Trading Software Charges | Free / no separate charge (not explicitly stated; site says no hidden fees) | Nil | Zero |
Broker Ratings
The broker ratings comparison between First Demat , Anand Rathi, and Paytm Money reveals significant differences in their offerings. First Demat provides 4.3 for Fees Ratings, while Anand Rathi offers 4.2 and Paytm Money features 4.2.
| Broker Ratings | First Demat | Anand Rathi | Paytm Money |
|---|---|---|---|
| Fees Ratings | 4.3 | 4.2 | 4.2 |
| Trading Brokerage Rating | 4.2 | 4.2 | 4.3 |
| Trading Platform Usability | 4.4 | 4 | 4.3 |
| Customer Service Ratings | 4.4 | 3.9 | 4.2 |
| Overall Ratings | 5 | 4 | 4.3 |
Investment Offerings
This comparison between First Demat , Anand Rathi, and Paytm Money reveals significant differences in their investment offerings. First Demat provides investment offerings in Yes, mutual funds and offers trades in currency and commodities, while Anand Rathi provides investment offerings in Yes, mutual funds and offers trades in currency and commodities and Paytm Money provides investment offerings in Yes, mutual funds and offers trades in currency and commodities.
| Investment Offerings | First Demat | Anand Rathi | Paytm Money |
|---|---|---|---|
| Equity Cash and F&O | Yes | Yes | Yes |
| Currency Derivatives | - | Yes | Yes |
| Commodity | Yes | Yes | Yes |
| Online IPO Application | Yes (UPI-based) | Yes | Yes |
| Mutual Funds | Yes | Yes | Yes |
| Bond / NCD | No | Yes | Yes |
| ETF | Yes | Yes | Yes |
| Banking | No | No | No |
| Insurance | No | No | No |
| Forex | No | Yes | No |
| MF SIP Investment | Yes | Yes | Yes |
| Equity SIP Investment | Yes | Yes | Yes |
| PMS Service | No | Yes | Yes |
| Other Investment Options | Yes | Yes | Yes |
Customer Support
The comparison between First Demat , Anand Rathi, and Paytm Money reveals significant differences in their Customer Support. First Demat provides No, while Anand Rathi offers No and Paytm Money features N/A.
| Customer Support | First Demat | Anand Rathi | Paytm Money |
|---|---|---|---|
| 24/7 Customer Service | No | No | — |
| Email Support | Yes | Yes | Yes |
| Online Live Chat | No | Yes | Yes |
| Phone Support | Yes | Yes | Yes |
| Toll Free Number | N/A | 1800 420 1004 | — |
| Through Branches | Yes | Yes | — |
| Customer Care Number | 9240256358 | 0291 666 1001 | 022-64891010 |
| Account Opening Process | Online / Paperless | Online/Offline | Online |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center / Education | https://firstdemat.com/blog | — | — |
| Head Office Address |
501, 5th Floor, Shamriddhi Square, Kishoreganj Chowk, Harmu, Ranchi, Jharkhand – 834001 |
Express Zone A Wing 10th Floor, Western Express Highway, Goregaon East, Mumbai – 400063 |
THE HUB, 3RD FLOOR, SY No 8 & 8/2 Ambalipura Village, Varthur Hobli Sarjapura Main Road |
| Website | https://firstdemat.com/ | https://anandrathi.com/ | https://www.paytmmoney.com/ |
Research and Reports
The research and reports comparison between First Demat , Anand Rathi, and Paytm Money reveals significant differences in their offerings.
| Research and Reports | First Demat | Anand Rathi | Paytm Money |
|---|---|---|---|
| Research Mutual Funds | Yes (AI recommendations) | Yes | Yes |
| Research Equity Reports | Yes (AI research summaries) | Yes | Yes |
| Research ETF | Yes | Yes | Yes |
| Daily Market Report | Yes | Yes | Yes |
| Free Tips | Yes | No | No |
| Quarterly Result Analysis | Yes | Yes | Yes |
| News Alerts | Yes (smart alerts) | Yes | Yes |
Demat Account Charges
This comparison between First Demat , Anand Rathi, and Paytm Money reveals significant differences in their demat account charges. First Demat provides NSDL for DP Source, while Anand Rathi offers CDSL & NSDL and Paytm Money features CDSL.
| Demat Account Charges | First Demat | Anand Rathi | Paytm Money |
|---|---|---|---|
| DP Source | NSDL | CDSL & NSDL | CDSL |
| DP ID | IN303921 | 437-2019 | 12088800 |
| Demat Account Annual Maintenance Charges (AMC) | ₹0 for the 1st year | — | — |
| Advance Deposit | No | No | No |
| Transaction Charges on Debit (Per ISIN) | ₹20 + GST | Rs 15 Per ISIN [For POA clients]; Rs 25 Per ISIN [For Non POA clients] | — |
| Demat | ₹20 per DRF + ₹3 per certificate | Rs 3 per certificate + Rs 35 per request | — |
| Remat | ₹20 per 100 securities or part thereof (max ₹5,000), or flat ₹20 per certificate, whichever is higher | Rs 15 for every 100 securities or a Flat fee of Rs 15 per certificate | — |
| Pledge Creation | ₹3 + GST per transaction | 0.01% of value or min Rs 50 per request | ₹15 + GST |
| Pledge Creation Confirmation | - | Nil | ₹15 + GST |
| Pledge Closure | ₹25 + GST per transaction (pledge/unpledge) | 0.01% of value or min Rs 50 per request | ₹15 + GST |
| Pledge Closure Confirmation | - | Nil | ₹15 + GST |
| Pledge Invocation | N/A | 0.01% of value or min Rs 50 per request | ₹15 + GST |
| Failed Instruction Charges | ₹20 per instruction | Rs 25 per Instruction | NA |
| Other Charges | KYC modification ₹50; physical statement ₹10/page + courier; physical contract note ₹50 + courier; delayed payment 0.05%/day; physical delivery of derivatives 0.5% of contract value | — | NA |
Advantages and Disadvantages
| Broker | Pros | Cons |
|---|---|---|
| First Demat |
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| Anand Rathi |
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| Paytm Money |
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User Experience: Buying Stocks
First Demat – User Trading Experience
Account Opening Experience: Account opening is fully online with digital KYC, typically activated within 1–3 working days.
Platform & Order Execution: The platform rating is 5/5. Mobile trading app ensures real-time order execution and portfolio tracking.
Brokerage Transparency: Intraday brokerage is 0.1% or ₹20 per executed order, whichever is lower, and charges are shown before order confirmation.
Advanced Features: Supports algorithmic trading for strategy-based investors.
Research & IPO:
Customer Support: Customer service rating is 4.4/5.
Market Presence: Around 500 active clients use this broker.
Anand Rathi – User Trading Experience
Account Opening Experience: Account opening is fully online with digital KYC, typically activated within 1–3 working days.
Platform & Order Execution: The platform rating is 4/5. Mobile trading app ensures real-time order execution and portfolio tracking.
Brokerage Transparency: Intraday brokerage is 0.02%, and charges are shown before order confirmation.
Advanced Features: Supports algorithmic trading for strategy-based investors. Margin trading facility increases buying power.
Research & IPO: Provides equity research reports. Supports online IPO applications.
Customer Support: Customer service rating is 3.9/5.
Market Presence: Around 149,849 active clients use this broker.
Paytm Money – User Trading Experience
Account Opening Experience: Account opening is fully online with digital KYC, typically activated within 1–3 working days.
Platform & Order Execution: The platform rating is 4/5. Mobile trading app ensures real-time order execution and portfolio tracking.
Brokerage Transparency: Intraday brokerage is 0.05% or Rs. 20 per order, and charges are shown before order confirmation.
Advanced Features: Supports algorithmic trading for strategy-based investors. Margin trading facility increases buying power.
Research & IPO: Provides equity research reports. Supports online IPO applications.
Customer Support: Customer service rating is 4.2/5.
Market Presence: Around 6.89 lakh active clients use this broker.
Frequently Asked Questions
The account opening charges vary significantly: First Demat charges ₹0 (online); ₹500 offline, Anand Rathi charges Not specified, and Paytm Money charges Not specified. When considering AMC, investors should evaluate the overall cost structure along with the features and services provided by each broker.
Brokerage charges differ across platforms: First Demat offers 0.1% or ₹20 per executed order, whichever is lower for equity intraday, Anand Rathi provides 0.02%, and Paytm Money charges 0.05% or Rs. 20 per order. The actual costs may vary based on trading volume, account type, and specific plans offered by each broker.
All three brokers provide diverse investment opportunities: First Demat offers 4.5, Anand Rathi provides 4, and Paytm Money features 4. The platforms support equity trading, derivatives, mutual funds, and other financial instruments suitable for different investor profiles.
Customer support quality varies: First Demat has Standard support support, Anand Rathi offers 4, and Paytm Money provides 4. Support channels typically include phone, email, live chat, and branch services, with response times and availability differing between brokers.
Platform usability ratings show: First Demat with 4.4, Anand Rathi with 4, and Paytm Money with 4.3. The best interface depends on individual preferences - some users prefer simplicity while others need advanced features and customization options.
Yes, mutual fund and stock investing is available across all platforms: First Demat (Yes), Anand Rathi (Yes), and Paytm Money (Yes). All three brokers provide comprehensive access to equity markets and mutual fund investments through their respective platforms.
For beginners, the choice depends on specific needs: First Demat offers user-friendly platforms with educational resources, Anand Rathi provides competitive pricing with intuitive interfaces, and Paytm Money combines ease of use with comprehensive investment options. Beginners should consider factors like ease of account opening, customer support quality, educational content, and platform simplicity when making their decision.
All three brokers offer robust mobile trading apps with different strengths: First Demat focuses on intuitive design and quick execution, Anand Rathi emphasizes advanced charting and analysis tools, while Paytm Money balances simplicity with comprehensive features. The mobile apps are available for both iOS and Android devices with regular updates and feature enhancements.
Stock Broker Review
First Demat
Anand Rathi
