Rated 4/5 by Top Share Brokers Team
The iconic brand ICICI Direct, award-winning online retail trading, and investment platform from ICICI Securities Limited is one with which nearly every investor is familiar. One of the best full-service brokers in India was founded in the year 2000 and as of now, ICICI Direct is home to a staggering 4 million+ in total clients. ICICI Securities is the brokerage arm of ICICI Group having ICICI Bank, a leading private sector bank in India.
ICICI Securities Ltd is a technology-based firm offering a wide range of financial services including investment banking, institutional broking, retail broking, private wealth management, and financial product distribution. ICICI Direct allows the facility to invest in Equity, Derivatives, Currency Futures, Mutual Funds, IPOs along other services like Fixed Deposits, Loans, Tax Services, New Pension Systems, and Insurance.
To facilitate the trade, ICICIDirect has a unique combination of 3-in-1 account which integrates ICICI Bank saving Account, ICICIDirect online Trading Account and ICICI Bank Demat Account. ICICI Demat services are offered through ICICI Bank. They are DP with NSDL and CDSL. Having a Demat account with ICICI is compulsory.
Comprehensive research information, stock picks and mutual fund recommendations are other useful add on services provided by ICICI Direct to its clients. ICICIdirect.com is the first broker in India to introduce Digitally Signed Contract Note to its customers. Thus in golden time, ICICI Direct was The Best Bank to Open Demat Account.
ICICI Securities has 250 offices across 66 cities in India to facilitate potential customers to open an account, speak and understand their financial plans and goals. Through ICICIdirect.com, you can trade on NSE and BSE.
The client can do cash trading, avail margin product, margin plus product and call & trade facility and can place market and limit order while using ICICI direct.
Online Support-Insta-help, FAQs and Community have most of the answers to traders questions.
ICICIDirect Review 2021 - Quick Summary
ICICI Direct, pioneering online trading platform of ICICI Securities, charges more than its competitors but delivers with a fantastic platform, innovative offerings, and strong customer service. From advisory services to research, active trading, customer service, ease of use, and more, ICICI Direct understands what it means to provide a high-quality offering. With these attributes, the company earns to be the largest stock broker in India.
- Largest Equity E-Broking House in India.
- Seamless, Secure and Integrated 3-in-1 Account.
- Share trading on both NSE and BSE.
- Innovative offerings like Margin, MarginPlus, BTST, SPOT, Derivatives trading, NRI trading, mutual funds, IPOs and online life insurance.
- Advance order types like Valid Till Cancel (VTC), CO and BO.
- In-depth research and advisory services.
- 24/7 customer service, virtual trading.
- Easy-to-use website.
- Dedicated Relationship Manager assigned to each client.
- ICICIDirect offer 3-in-1 NRI Trading Account.
- Minimum brokerage charges.
- No commodity trading.
- High brokerage, compare to discount brokers.
- Not a good fit for small and penny stock traders.
Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.
Simply leave your contact information with us and ICICI Direct representatives will contact you.
ICICIDirect Investment Options Compare
Here we are comparing ICICIDirect with its 5 close competitors on investment options.
|Equity Trading Type||Yes||Yes||Yes||Yes||Yes|
ICICIDirect Brokerage Plan, Fees and Charges
Brokerage and Commission Rated 2.5/5
ICICIDirect Account Opening Charges
»» Trading Account Opening Charges: Free
»» Trading Account AMC: Free
»» Demat Account Opening Charges: Free
»» Demat Account AMC: Rs 600 PA (Waived for 1st year)
The full-Service Broker, ICICIDirect brokerage plan is a bit complex in nature. The broker offers two-tier commission structure: flat rate percentage and variable percentage depending upon volume.
- Brokerage can be lowered if your trading volume is high.
- Brokerage also depends on prepaid amount so can be lowered if you choose to pay high prepaid amount.
- Costly deal for casual inventor and day traders as they will fall either in higher bucket of brokerage or constraint of minimum brokerage.
- Brokerage is dependent on the trade value.
- Brokerage structure is complex to understand for newbie in the market.
- GST is charged at 18% on total value of brokerage.
- Securities Transaction Tax (STT) at 0.1% on turnover.
- SEBI turnover charges at 0.0001% on turnover.
ICICI Direct Neo - Zero Brokerage Plan
ICICI Direct Securities has launched a Zero brokerage plan called ICICI Direct Neo pricing Plan to offer free futures trading to customers while equity intraday trading, margin trading, currency and commodity trading is charged at a flat fee of Rs. 20 per order. The plan is available at a one-time subscription fee of Rs. 299. + GST.
|Equity Futures Trading||zero brokerage|
|Options Trading||Rs. 20 per order|
|Equity intraday trading||Rs. 20 per order|
|Currency Futures & options||Rs. 20 per order|
|Commodity Futures & options||Rs. 20 per order|
To know more on ICICI Direct Securities Neo - Zero brokerage plan, Click here
I-Secure Plan of ICICI Direct is a percentage based brokerage plan and dependent on the trade value. If the client’s trade value is less the below mentioned amount, then minimum brokerage needs to paid.
I-Secure Plan - Equity Delivery and Intraday
The minimum brokerage for transactions upto ₹6364 on stocks quoting more than ₹ 10 is ₹ 35 per trade or 2.5% of the trade value whichever is lower. Brokerage on stocks quoting upto ₹10 would be levied at ₹0.05 per share.
|Equity Delivery Brokerage||trade value exceeding ₹6364- .55% or 55 paisa|
|Equity Intraday Brokerage||trade value exceeding ₹6364 - .27% or 27 paisa|
Brokerage in Margin and Margin Plus
The minimum brokerage for transactions upto ₹ 50000 is ₹ 25 or 2.5% whichever is lower.
|For trade value exceeding ₹50000||.05% or 5 paisa|
Brokerage in Future, Future Plus and Future Plus Stop Loss
|Brokerage||.05% or 5 paisa|
|Flat Brokerage on other leg of Intraday square off||₹ 50|
Brokerage in Options & Option Plus
|Brokerage||Rs 95 per lot|
|Flat Brokerage on other leg of Intraday square off||₹ 50 per lot|
Brokerage in Currency Futures
|Brokerage||.05% or 5 paisa|
|Flat Brokerage on other leg of Intraday square off||₹ 10 per lot|
Brokerage in Currency Options
|Brokerage||₹ 25 per lot|
|Brokerage on Second leg of Intraday square off||₹ 10 pet lot|
ICICIDirect Life- time Prepaid Brokerage Plan
Lifetime Prepaid Brokerage Plan is the pay and use subscription-based plan. Customer needs to pay a fixed amount at the beginning of the plan and gets the discounted brokerage for 15 years. The amount paid is used for the brokerage. Client can choose from 6 different subscription amount.
|Prepaid Charges||Amt With GST||Equity Delivery Brokerage||Equity Intraday & Futures Brokerage||Equity Options Brokerage||Currency F&O Brokerage|
|10,000||11,800||0.25%||0.025%||₹35 Per Lot||Free|
|25,000||29,500||0.22%||0.022%||₹22 Per Lot||Free|
|50,000||59,000||0.18%||0.018%||₹18 Per Lot||Free|
|1,00,000||1,18,000||0.15%||0.015%||₹15 Per Lot||Free|
|2,00,000||2,36,000||0.12%||0.012%||₹12 Per Lot||Free|
|3,00,000||3,54,000||0.09%||0.009%||₹10 Per Lot||Free|
ICICI Direct Account Types
ICICIDirect.com 3-in-1 Account
It is a 3-in-1 integrated savings, trading and demat Account with ICICI Bank and ICICI Securities limited.
It is an online and paperless mutual Fund Investment Account. It can be used with any existing bank account.
For complete brokerage charges and trading plans detail please visit ICICIDirect Brokerage Charges.
ICICIDirect with closest competitors
Here we are comparing ICICIDirect with its 5 close competitors, who are currently market leader in brokerage industry.
|Service Type||Full Service Broker||Full Service Broker||Discount Broker||Discount Broker||Discount Broker|
|Brokerage Range||0.05 to .55%||0.1 to 0.5%||Rs 20||Rs 20||Rs 20|
|Account Type||3 in 1||2 in 1||2 in 1||3 in 1||2 in 1|
|Equity Delivery||0.55% or 55 paisa||0.5% or 50 paisa||Flat Fee Rs 20||Free||0.2% or Rs 20 whichever is lower|
|Equity Intraday||0.03% or 3 paisa||0.1% or 10 paisa||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Futures||0.05% or 5 paisa||0.1% or 10 paisa||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Options||Rs 95 Per Lot||2.5% of Premium or Rs 250 per lot whichever is high||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Commodity||NA||0.1% or 10 paisa||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Currency Futures||0.05% or 5 paisa||0.1% or 10 paisa||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Currency Options||Rs 25 Per Lot||2.5% of Premium or Rs 30 per lot whichever is high||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
Please refer unique and accurate ICICIDirect Brokerage Calculator
Open Trading and Demat Account with ICICI Securities Pvt Ltd.
For online trading with ICICIDirect, investor has to open 3-in-1 account. Following are the ways to open an account with ICICIDirect:
ICICIDirect Trading Platform Compare
Here we are comparing ICICIDirect with its 5 close competitors on Trading Platform.
|Android Tablet App||Yes||Yes||Yes||Yes||Yes|
|Android Mobile App||Yes||Yes||Yes||Yes||Yes|
|iPhone App (iOS Mobile App)||Yes||Yes||Yes||Yes||No|
Final thought about ICICIDirect
Rated 4/5 by 265 users
ICICI Securities, the 2nd largest retail stock brokerage firm in India offers a wide range of trading and investment services to retail and institutional customers. Customized solutions, integrated 3-in-1 account, stable trading platforms are important features of ICICI Direct. Investors while with ICICI Direct are in safe hands as it is the well-reputed name in India and the group has a presence in the banking sector, Life Insurance, General Insurance, and capital market.
But in todays changing brokers Industry where discount brokers are emerging and with the availability of high-speed internet, increased use of computers /mobile and customer long term desire to reduce the brokerage, big names like ICICIDirect even has to work hard for being in the business.
Last updated on 2020-12-15
Find out how ICICIDirect stacks up against other brokers
ICICI Securities Pvt Ltd. User Reviews
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