FxPro's websitePaytm Money in India — review, licence and costs
Score (3 of 6 axes scored)
shown, not ranked: only 40% of the weight has data, need 55%
- Safety20%100
- Track record10%40
- Platforms10%0
Numbered by weight: axis 1 counts for most.
Key facts (4 facts)
- Onboarding entity
- Paytm Money Ltd
- Founded
- 2018
- Currencies
- INR.
- Swap-free account
- no
Licence check
The broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- Paytm Money Ltd
- Local standing
- SEBI-regulated domestic broker.
- Licence as the register states it
- SEBI INZ000240532; NSE (90165)/BSE (6707); CDSL DP IN-DP-416-2019; RA INH000020086.
- Leverage for this entity
- Pay Later (MTF) up to ~4x / 75% funding; T+5 Pay Later intraday hold; SEBI peak-margin.
- The firm behind it
- Incorporated 2017, launched 2018; wholly-owned subsidiary of One97 Communications (Paytm).
- What we hold against it
- No commodity/currency segment; app-support complaints reported.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Pay Later (MTF) up to ~4x / 75% funding; T+5 Pay Later intraday hold; SEBI peak-margin.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youSEBI-regulated domestic broker.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Accounts
Account types the broker names for this country: Demat+Trading, flat-fee plan. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Paytm Money sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts(1 method)
| Method | Deposit, h | Withdrawal, h | Fee, USD | Min, USD |
|---|---|---|---|---|
| UPI | 24 | — | 0 | 50 |
Deposit and withdrawal methods (1 methods · 1 local)
UPI, net-banking.
- UPIlocal
- Account currency
- INR.
- Fee declared
- 1 of 1 methods
- Withdrawal back to
- the funding method
Where it does not serve(1 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(2 platforms)
- Paytm Money app
- web
| Class | Leverage |
|---|---|
| Paytm Money app | —IN |
| web | —IN |
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.3 | 8 |
Share of reviewers in India: — The platform does not publish it.
Pros and cons(2 for and 4 against, each tied to a figure on this page)
- Locally authorised, licence INZ000240532, read on 09.07.2026
- Safety 100 of 100, its strongest of 3 scored axes
- Round-turn cost not priced: the pair of spread and commission is not published
- Withdrawal time not published
- Platforms 0 of 100, its weakest of 3 scored axes
- Not scored on reviews, round-turn cost, payouts: the broker publishes no figure we could read
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 5IN
- Min deposit, USD
- 0 groupIN
- Rank in this country
- #2
- Round turn, USD
- 4IN
- Rank in this country
- #4
- Round turn, USD
- 7IN
- Min deposit, USD
- 10 groupIN
- Rank in this country
- #26
- Round turn, USD
- 6IN
- Min deposit, USD
- 100 groupIN
- Leverage
- 500 group
- Rank in this country
- #32
- Round turn, USD
- 10IN
- Min deposit, USD
- 15 groupIN
- Leverage
- 500 group
- Rank in this country
- #61
- Round turn, USD
- 6IN
- Min deposit, USD
- 0 groupIN
- Leverage
- 500IN
- Rank in this country
- #15
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | Paytm Money |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | — |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | — |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 100 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | — |
| Track record | 10% | Years since the firm was founded, from its own filings | 40 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 0 |
FAQ
- Does Paytm Money accept residents of India?
- Yes. SEBI-regulated domestic broker. Onboarding entity: Paytm Money Ltd
- Is Paytm Money licensed to serve clients in India?
- SEBI INZ000240532; NSE (90165)/BSE (6707); CDSL DP IN-DP-416-2019; RA INH000020086. Checked on 09.07.2026.
- Which trading platforms does Paytm Money support?
- Paytm Money app, web. Instruments: Equity, F&O, MF, ETF, IPO, NPS, bonds; no MCX commodity/currency derivatives.
- How can I withdraw money from Paytm Money in India?
- UPI, net-banking.
- What account types does Paytm Money offer?
- Demat+Trading; flat-fee plan.
- Does Paytm Money offer a swap-free (Islamic) account?
- No. Paytm Money publishes no swap-free (Islamic) account for India.