ICICI Direct is a full-service broker that avails its customer for retail trading and investment service from ICICI securities that is the famous and largest stock broker in India. It was incorporated on 9 March, 1995 as ICICI Brokerage Services. The company offers a broad range of investment options to the retail and institutional customers.
The ICICI Securities is part of ICICI Group, the India’s top financial service provider offers several banking and other financial services. It offers various online trading and investment services to customers on major level through the ICICI direct platform.
ICICI Direct avails their customers by providing a complete set of investment products such as online equity trading, derivatives trading, Mutual Fund & IPO, Fixed Deposit, Bonds, NCDs, Wealth products, Home Loans, Loan Against Securities etc, all of it under one login. It is among the most visited investment portals in India.
Brokerage at ICICI Direct
ICICI Direct Brokerage Plans, ICICI Direct Neo vs Prime plan
The customer pays a commission or brokerage at the time of buying or selling the stocks through ICICI Direct. The amount charged as brokerage in charged for trading in various segments such as equity, commodity and currency derivative. ICICI Direct offers several brokerage plans that suits the needs of the customer. The brokerage From ICICI direct are listed below:
1. ICICI Direct Prime Plan.
2. ICICI Direct Neo Plan.
3. ICICI I-Secure Plan.
4. Prepaid Brokerage Plan.
ICICI Direct Prime Plan
Prime Plan (₹)
Total amount with GST (₹)
Scheme Validity (in days)
Cash %
Margin/ Futures %
Options (Per Lot)
Currency Futures & Options (Per Order)
Commodity Futures (Per Order)
eATM Limit (₹)
Special MTF Interest rates/ LPC (yearly)
299
352.82
365
0.27
0.027
₹40
₹ 20
₹20
2.5 lakhs
14.90%
999
1,178.82
365
0.22
0.022
₹35
₹20
₹20
10 lakhs
12.90%
1,999
2,358.82
365
0.18
0.018
₹25
₹20
₹20
25 lakhs
10.40%
2,999
3,538.82
365
0.15
0.015
₹20
₹20
₹20
1 Cr
8.90%
3,999
4,718.82
365
0.12
0.012
₹15
₹20
₹20
1 Cr
8.90%
4,999
5,898.82
365
0.1
0.01
₹10
₹20
₹20
1 Cr
7.90%
Savings as compared to I-Secure brokerage plan @0.55%
Prime Plan (₹)
Delivery Brokerage Rates (%)
Futures & Margin (%)
Prime Brokerage on Options (Per lot)
Savings in Delivery Brokerage Rates (as compared to I-Secure)
Savings in Futures & Margin brokerage Rates
Savings in Options (Per lot)
299
0.25
0.027
40
51%
46%
58%
999
0.22
0.022
35
60%
56%
63%
1999
0.18
0.018
25
67%
64%
74%
2999
0.15
0.015
20
73%
70%
79%
3999
0.12
0.012
15
78%
76%
84%
4999
0.1
0.01
10
84%
80%
89%
Following is the Minimum Brokerage Charged
Plan
Delivery Segment
SEP
Margin Segment
Transaction up to in (₹)
Brokerage in (₹) or in %
Transaction up to in (₹)
Brokerage in (₹) or in %
Transaction up to in (₹)
Brokerage in (₹) or in %
299
9,259
₹25 or 0.75 % whichever is lower
4,000
₹10 or 0.75 % whichever is lower
55,555
₹15 or 2.5 % whichever is lower
999
11,363
4,545
68,182
1999
13,889
5,556
83,333
2999
16,667
6,667
1,00,000
3999
20,833
8,333
1,25,000
4999
25,000
10,000
1,50,000
Note:
• Brokerage of 0.15% is applicable on physical delivery of F&O contract regardless of the brokerage plan.
ICICI Direct Neo Plan
Segment
Brokerage Charges
Monthly Fee (Fixed)
N/A
Equity Delivery
0.55%
Equity Intraday
₹20 per order
Equity Futures
₹0 (Nil)
Equity Options
₹20 per order
Currency Futures
₹20 per order
Currency Options
₹20 per order
Commodity Futures
₹20 per order
Commodity Options
₹20 per order
Note:
• Brokerage of 0.15% is applicable on physical delivery of F&O contract regardless of the brokerage plan.
ICICI Direct I-Secure Plan
BROKERAGE IN CASH
Total Eligible Turnover (Per calendar Quarter)
Brokerage (%)
Second Leg of Intraday Trades
Effective Brokerage on Intraday Square off
Irrespective of turnover
0.55
Nil
0.275%
BROKERAGE IN FUTURE, FUTURE PLUS AND FUTURE PLUS STOP LOSS
For Equity Futures
Equity Future and Future Plus
Brokerage (%)
Flat Brokerage on other leg of Intraday square off
0.050
50/-
BROKERAGE IN CURRENCY FUTURES & FUTURE PLUS STOP LOSS
Currency Futures & Futures Plus Stop Loss
₹20 Per Order
BROKERAGE IN COMMODITY FUTURES
Commodity Futures
₹20 Per Order
BROKERAGE IN OPTIONS & OPTION PLUS
Flat brokerage per contract lot
Flat Brokerage on Second leg of Intraday square off (per lot)
₹95/-
₹50/-
BROKERAGE IN COMMODITY FUTURES
Currency Option
₹20 Per Order
Note:
• GST@18% will be charged on the Total brokerage value.
• Brokerage of 0.15% is applicable on physical delivery of F&O contract regardless of the brokerage plan.
ICICI Direct Lifetime Prepaid Brokerage Plan
This lifetime prepaid brokerage plan has a validity of 15 years. You can choose from 7 innovative plans as per your choice.
Prepaid Plan (₹)
Total amt with GST (₹)
Cash %
Margin/ Futures %
Options (per lot)
Currency Futures & Options (per Order)
Commodity Futures (Per Order)
eATM Limit (₹)
2,500
2,950
0.25
0.025
35
₹20
₹20
10 Lakhs
5,000
5,900
0.22
0.022
30
₹20
₹20
25 Lakhs
12,500
14,750
0.18
0.018
25
₹20
₹20
25 Lakhs
25,000
29,500
0.15
0.015
20
₹20
₹20
1 Cr
50,000
59,000
0.12
0.012
15
₹20
₹20
1 Cr
75,000
88,500
0.09
0.009
10
₹20
₹20
1 Cr
1,00,000
1,18,000
0.07
0.007
7
₹20
₹20
1 Cr
Savings as compared to I-Secure brokerage plan @0.55%
Prepaid Card Value
Delivery Brokerage Rates (in %)
Futures and Intra-day Margin / Margin Plus (as per Prepaid Brokerage plan) in %
Prepaid Brokerage on Options (in Per lot)
Savings in Delivery Brokerage Rates (I-Secure)
Savings in Futures Intra-day brokerage Rates
Savings in Options (in Per lot)
2,500
0.25
0.025
₹35
55%
50%
63%
5,000
0.22
0.022
₹30
60%
56%
68%
12,500
0.18
0.018
₹25
67%
64%
74%
25,000
0.15
0.015
₹20
73%
70%
79%
50,000
0.12
0.012
₹15
78%
76%
84%
75,000
0.09
0.009
₹10
84%
82%
89%
1,00,000
0.07
0.007
₹7
87%
86%
93%
Following is the Minimum Brokerage Charged
Prepaid Card in (₹)
Delivery Segment
SEP
Margin Segment
Transaction up to in (₹)
Brokerage in (₹) or in %
Transaction up to in (₹)
Brokerage in (₹) or in %
Transaction up to in (₹)
Brokerage in (₹) or in %
2,500
10,000
₹25 or 0.75 % whichever is lower
4,000
₹10 or 0.75 % whichever is lower
60,000
₹15 or 2.5 % whichever is lower
5,000
11,364
4,545
68,182
12,500
13,889
5,556
83,333
25,000
16,667
6,667
1,00,000
50,000
20,833
8,333
1,25,000
75,000
27,778
11,111
1,66,666
1,00,000
35,714
14,285
2,14,285
Below are the Late Payment/ Interest charges on outstanding payment after the pay-in date for positions taken under Margin - Client Square Off mode in BSE and NSE.
Prepaid Card (Rs.)
Annual Rate
Daily Rate
2,500
12.90%
0.04%
5,000
12.90%
0.04%
12,500
11.40%
0.03%
25,000
8.90%
0.02%
50,000
8.90%
0.02%
1,00,000
7.90%
0.02%
Note:
• Brokerage of 0.15% is applicable on physical delivery of F&O contract regardless of the brokerage plan.
Other Charges
Transaction Charges
This charge is a combination of Exchange Turnover Charge and Trade Clearing Charge.
Segment
Transaction Fee
Equity Delivery
NSE ₹310 per Cr | BSE ₹280 per Cr (0.0028%) (Each Side)
Equity Intraday
NSE ₹310 per Cr | BSE ₹280 per Cr (0.0028%) (Each Side)
Equity Futures
₹180 per Cr (0.0018%)
Equity Options
₹5000 per Cr (0.05%) (On premium)
Currency Futures
₹120 per Cr (0.0012%)
Currency Options
₹5000 per Cr. (0.05) (On Premium)
Commodity
NA
Direct Taxes
Securities Transaction Taxes
Segment
Brokerage Charges
Equity Delivery
0.1% on both Buy and Sell
Equity Intraday
0.025%
Equity Futures
0.01% on sell side
Equity Options
0.05% on sell side (On premium)
Commodity Futures
0.001% on sell side (Non-Agri)
Commodity Options
0.05% on sell side
Currency Futures
NA
Currency Options
NA
On Exercise Transaction
0.125%
Right to Entitlement
0.05% on sell side
Stamp Duty Charges
Segment
Brokerage Charges
Equity Delivery
0.015% (On buy side)
Equity Intraday
0.003% (On buy side)
Equity Futures
0.002% (On buy side)
Equity Options
0.003% (On buy side)
Currency Futures
0.0001% (On buy side)
Currency Options
0.0001% (On buy side)
Commodity Futures
0.002%
Commodity Options
0.003% (MCX)
Important Charges
Segment
Charges
GST
18% on (Brokerage + Transaction Charge + SEBI Fee)
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I hold NRI shares on and will demat them with ICICI. Upon selling these shares, will the proceeds be credited to NRE or NRO account? Depending upon the answer, I will map either the NRO or NRE account to my NRI Trading account.
If you have ever lost money through Lottery, Compensation, Binary Options, Inheritance Cryptocurrency or Forex. Or your’e also facing some challenges of withdrawals or your broker manager is always asking you to make more deposit before you could place a withdrawals from your account or you traded and lost your funds without any reason or maybe you noticed that your broker manager manipulated your funds or you have lost your bitcoins you can report to Gavin ray a specialist who helps to recover funds from any company legitimate or not legitimate I lost about 120k to scammers with the help of gavin ray I got back my funds in full. Kindly contact them through this Email Address : gavinray78 gmail com and you will be guided on the steps to recover all your lost funds.
I hold NRI shares on and will demat them with ICICI. Upon selling these shares, will the proceeds be credited to NRE or NRO account? Depending upon the answer, I will map either the NRO or NRE account to my NRI Trading account.
This is a WARNING not to do any business with this company.You will be asked to pay for bogus “taxes” in order to withdraw which were not mentioned before. And even if you do pay, You still can’t. If you are in this mess or similar one get help by contacting Marketpeace .n et Their service was so easy to work with and we recouped all my losses till the last penny. You can send a message to WhatsApp +84 94 767 1524.
Yes, ICICI Prudential Mutual Fund is good. It is a reputed fund house offering the direct mutual fund services. By investing in direct schemes, you can save on commissions and charges. These commissions and charges add up to a significant amount in the long-term.
With this facility, If an order remains unexecuted on a specific trade but you are not required to log in again and place the same orders again. ICICI direct will keep submitting the remaining order to the exchange everyday morning.
The brokerage charged by ICICI Direct is very expensive. The brokerage charges will be reduced by subscribing to ICICI Direct prime or prepaid brokerage plans. The brokerage charged is very high for the novice traders.
A Limit Price is an order to buy or sell shares at the specified price or a better price. The better price for a buy order will be the lowest possible whereas, for a sell order it will be the highest possible. You need to specify a maximum price for a buy order and a minimum price for a sell order. The order will be executed at the specified price or a lower price for the buy orders or a higher price for sell orders.
The online account opening with the Aadhar based digital signature is not provided to the NRIs. The US based NRIs can open an account online. The paperless process takes just 2 days to open an account once the application is submitted.
The Post IPO is closed the allotment process gets completed within the next 5th working days and on the 6th working day the shares are listed on the exchange.
The ICICI Direct account gets automatically deactivated if it remains unused for 6 months. The account will continue to attract charges. So, in case you are planning to deactivate your account for few days or couple of months then it does not make much difference whether it is active or deactivated.
ICICI Direct is an integrated account of trading, demat and bank accounts. In such accounts, all the accounts are linked together to facilitate the customers with the smooth and faster trading. All the accounts are opened altogether at once by filling a single application form.
“Convert to Delivery” (CTD) in ICICI Direct is an option where in the customers can convert your intraday positions (margin buy) into cash delivery. The customer can convert the entire order or a part of it. The customers is required to pay the entire trading value (100% margin) while converting the order.
The ICICI Direct customers can open a demat account for free of cost. The customers planning to open a ICICI trading account along with the demat account will be charged ₹975 for opening the account.
Yes, you can withdraw an IPO application while the IPO is still open. Simply visit ICICI direct website, visit the IPO order book for placing a withdrawal request.
The ICICI direct bullet brokerage allows the customers to trade in Intraday for free brokerage. They will square off within 5 minutes by the customer. ICICI does not charge any brokerage for the intraday position squared-off in less than 5 minutes. However, the other charges and taxes will be applicable as per their brokerage plan. This plan is offered on the Intraday Margin plus facility.
ICICI Direct Equity ATM (eATM) is the facility where the customers receive money from selling the shares in 30 minutes into their trading account. In a normal settlement cycle, the money is credited to their T+2 working day excluding holidays.
ICICI Direct Cloud Order facility designed for placing the quick orders. Instead of filling the order form while the market is on, you could prepare and save a number of orders well in advance. Such orders remain in the cloud order queue until you delete them. These orders are not sent to the exchange until they place the order.
ICICI Direct offers both the NSDL and CDSL depositories for the demat account. The customers can select any one of them at the time of opening an account. The ICICI Securities is the depository participant with both the NSDL and CDSL.
In order to convert an Intraday position to delivery (Cash Segment), you need to click on the “Convert to Delivery” (CTD) link on the “Margins Positions” page. You can convert a position in full or part. The CTD would require the full payment of the trading value.
IOC order in ICICI Direct is an abbreviation for “Immediate or Cancelled” order. It is a type of order validity that you have to select while placing a buy or sell order. The other options in order validity are ”Day” and “VTC” (Valid Till Cancelled).
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jamez cutt
Hello guys I wan to say this to whom it may concern. Investing in crypto was my husband ideal. I trade with some crypto platform not knowing they where sc!m and this made me lose almost all I had. Am only happy because I found help after reporting to a recovery firm and they helped me recover all I lost to these fake crypto platform. My advice is that everyone need to be careful of the platform you deal with. If you have falling victim of these fake platform do not hesitate to file a complaint to Marketpeace.net this company helped me and I believe she can help you too. Stay safe guys.
Gaurav
Nice Review
bhagwat Jain
I hold NRI shares on and will demat them with ICICI. Upon selling these shares, will the proceeds be credited to NRE or NRO account? Depending upon the answer, I will map either the NRO or NRE account to my NRI Trading account.
Grace lalana
If you have ever lost money through Lottery, Compensation, Binary Options, Inheritance Cryptocurrency or Forex. Or your’e also facing some challenges of withdrawals or your broker manager is always asking you to make more deposit before you could place a withdrawals from your account or you traded and lost your funds without any reason or maybe you noticed that your broker manager manipulated your funds or you have lost your bitcoins you can report to Gavin ray a specialist who helps to recover funds from any company legitimate or not legitimate I lost about 120k to scammers with the help of gavin ray I got back my funds in full. Kindly contact them through this Email Address : gavinray78 gmail com and you will be guided on the steps to recover all your lost funds.
bhagwat Jain
I hold NRI shares on and will demat them with ICICI. Upon selling these shares, will the proceeds be credited to NRE or NRO account? Depending upon the answer, I will map either the NRO or NRE account to my NRI Trading account.
Rajack shelon
This is a WARNING not to do any business with this company.You will be asked to pay for bogus “taxes” in order to withdraw which were not mentioned before. And even if you do pay, You still can’t. If you are in this mess or similar one get help by contacting Marketpeace .n et Their service was so easy to work with and we recouped all my losses till the last penny. You can send a message to WhatsApp +84 94 767 1524.