ICICI Direct Vs Zerodha | Sharefundss

ICICI Direct Vs Zerodha

ICICI Direct Vs Zerodha (Compare ICICI Direct and Zerodha)

ICICI Direct is one of the largest retail brokerage companies in India. Part of the ICICI Group. It provides online trading and investment services to more than 5 million customers. Services provided include trading stocks, commodities and currencies on BSE, NSE and MCX. The company also provides mutual funds and initial public offerings, time deposits, bonds, NCD, equity instruments, housing loans, equity loans, etc. The most popular ICICI Direct service is a three-in-one account, which includes an ICICI bank account, an ICICI merchant account and an ICICI Demat account. Three-in-one accounts provide worry-free transactions.   Read More…

Zerodha is one of the best complete stockbroker service providers and is certainly one of the largest one offering exclusive services at amazing rates. They offer flat-fee discount brokerage services in a variety of investment options including Commodity, Currency, Equity, IPO and Direct Mutual Funds. With low brokerage fee and increasingly beneficial features like the intuitive interface, secure trading experience and a lot more makes it the perfect trading platform. Customers can enjoy its zero brokerage on the equity delivery and investments over direct mutual funds. Read More…

ICICI Direct Vs Zerodha

Incorporated in 2000, ICICI Direct is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 97 branches across India.

ICICI Direct Zerodha
Type of Broker
Full Service Broker
Discount Broker
Exchange Membership
NSE, BSE
NSE, BSE, MCX and NCDEX
Year of Incorporation
2000
2010
Number of Branches
154
79

ICICI Direct Vs Zerodha Charges & AMC

ICICI Direct trading account opening charges is Rs 0 (Free) while Zerodha account opening changes is Rs 200. ICICI Direct Demat Account AMC Charges is Rs 300 (from 2nd year) and Zerodha Demat Account AMC Charges is Rs 300.

ICICI Direct Zerodha
Trading Account Opening Charges
Rs 0 (Free)
Rs 200
Trading Account AMC Charges
Rs 0 (Free)
Rs 0 (Free)
Demat Account Opening Charges
Rs 0 (Free)
Rs 0
Demat Account AMC Charges
Rs 300 (from 2nd year)
Rs 300

ICICI Direct Vs Zerodha Brokerage Charges & Plans

 

ICICI Direct Vs Zerodha Brokerage

ICICI Direct Zerodha
Account Type
ICICI Neo Plan
Flat Brokerage Plan
Fixed Charges
NA
Equity Delivery
0.55%
Rs 0 (Free)
Equity Intraday
Rs 20 per order
Rs 20 per executed order or .03% whichever is lower
Equity Futures
Rs 0 (Free)
Rs 20 per executed order or .03% whichever is lower
Equity Options
Rs 20 per order
Rs 20 per executed order
Currency Futures
Rs 20 per order
Rs 20 per executed order or .03% whichever is lower
Currency Options
Rs 20 per order
Rs 20 per executed order or .03% whichever is lower
Commodity Futures
Rs 20 per order
Rs 20 per executed order or .03% whichever is lower
Commodity Options
Rs 20 per order
Rs 20 per executed order or .03% whichever is lower

ICICI Direct Vs Zerodha Brokerage 2

ICICI Direct Zerodha
Account Type
I-Secure Plan
Flat Brokerage Plan
Fixed Charges
NA
Equity Delivery
0.55%
Rs 0 (Free)
Equity Intraday
0.275%
Rs 20 per executed order or .03% whichever is lower
Equity Futures
0.05%
Rs 20 per executed order or .03% whichever is lower
Equity Options
Rs 95 per lot
Rs 20 per executed order
Currency Futures
Rs 20 per order
Rs 20 per executed order or .03% whichever is lower
Currency Options
Rs 20 per order
Rs 20 per executed order or .03% whichever is lower
Commodity Futures
Rs 20 per order
Rs 20 per executed order or .03% whichever is lower
Commodity Options
Rs 20 per order
Rs 20 per executed order or .03% whichever is lower

ICICI Direct Charges Vs Zerodha

ICICI Direct Zerodha
Minimum Brokerage
Rs 35 per trade (I-Secure Plan)
0.03% in Intraday and F&O
Other Charges
Margin Trading Interest: 0.025% Per day
Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS
Call & Trade Charges
Rs 50 per trade
Rs 50 per executed order

ICICI Direct Vs Zerodha Transaction Charges

ICICI Direct Zerodha
Equity Delivery
NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)
NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday
NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)
NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures
Rs 180 per Cr (0.0018%)
NSE Rs 200 per Cr (0.002%)
Equity Options
Rs 5000 per Cr (0.05%) (on premium)
NSE Rs 5300 per Cr (0.053%) (on premium)
Currency Futures
Rs 120 per Cr (0.0012%)
NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)
Currency Options
Rs 5000 per Cr (0.05%) (on premium)
NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity
Group A – Rs 260 per Cr (0.0026%)
Group A – Rs 260 per Cr (0.0026%)

ICICI Direct Vs Zerodha Leverage (Margin)

ICICI Direct Zerodha
Equity Delivery
1x (no margin)
1x (no margin)
Equity Intraday
Up to 6x (based on the stock)
Up to 6x (based on the stock)
Equity F&O
Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)
Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)
Currency Futures
Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)
Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)
Commodity Futures
Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)
Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)

Compare ICICI Direct and Zerodha Features

HDFC Securities Zerodha
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform
ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App
Kite Web, Kite Mobile for Android/iOS and Coin
Intraday Square-off Time
3:30 PM
Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close
Other Features
Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Direct Mutual Funds, APIs for Algo Trading
Referral Program

ICICI Direct Vs Zerodha Review

ICICI Direct Zerodha
Fees

Brokerage

Trading Platform

Customer Service

Research Capabilities

Overall Ratings

Broker Rating
ICICI Direct is rated 2.4 of 5 based on 445 customer reviews
Zerodha is rated 3.7 of 5 based on 431 customer reviews

ICICI Direct Vs Zerodha Investment Options

ICICI Direct Zerodha
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options
Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS

ICICI Direct Vs Zerodha Order Type Offered

ICICI Direct Zerodha
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)

ICICI Direct Vs Zerodha Suitable For Investor Type

ICICI Direct Zerodha
Casual Investor
Active Investor
Trader

ICICI Direct Vs Zerodha – Pros and Cons

ICICI Direct Zerodha
Pros
  • A three-in-one account combines your bank, broker and Demat accounts. All accounts are from ICICI and are very well integrated. This feature makes ICICI the most exciting online trading player. No manual intervention is required. This is Toan online trading environment.
  • Online investment IPOs, mutual funds, Indian government bonds and postal savings plans-all from one website. ICICI Lombard also provides general insurance.
  • Both BSE and NSE can trade.
  • Mobile device transactions.
  • Through the VTC function (validity to cancellation), customers can place buy or sell limit orders with a validity period of 45 days.
  • India’s largest stockbroker 
  • The Safest, Most Reliable and Trusted Broker in India 
  • Best Trading Platforms and Tools in the Industry – Kite, Console and Coin
  • Delivery trading has no leverage. After the purchase, the shares will be sent to your Demat account and will be deducted from your Demat account when they are sold. 
  • Cheapest Stock Broker in India – They offer services on a simple pricing model. They charge 0.03% or Rs 20 per order executed, whichever is lower, regardless of the size of the trade. The maximum brokerage fee paid by the client is Rs 20 per trade. 
  • Zerodha Referral Program – Refer a friend and earn 10% broker shares. 
  • Self-Liquidation Broker: Zerodha is a self-liquidation broker. They do not charge customers any compensation fees. 
Cons
  • ICICIDirect’s brokerage services are of high quality and non-negotiable. Brokerage services can be reduced by signing up for the ICICIdirect Prime plan or prepaid brokerage services.
  •  The ICICI minimum brokerage commission under the standard I-Secure plan is 35 rupees per transaction, which is a lot for traders dealing with small trade.
  • ICICI charges a fixed fee of 0.05 rupees for brokerage transactions up to 10 rupees, which makes it difficult to trade low-priced stocks.
  • After the first 20 free calls each month, ICICI Direct charges 25 rupees for each transfer.
  • It does not contain any recommendations for action, research reports or recommendations. Monthly unlimited trading plans are not available. Lifetime free Demat AMC account plans are not available. 
  • An additional charge of Rs 50 per order executed for MIS / BO / CO positions not squared by the client. 
  • Call & Trade is available for an additional fee of Rs 50 per order executed. 
  • The 3-in-1 trading account is not available as Zerodha does not offer banking services. ICICI Direct provides 3-in-1 account & banking services.