ICICI Direct Vs Progressive Share Brokers
ICICI Direct
ICICI Direct is a full service Broker. ICICI Direct gives an overall review and updates about Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
Progressive Share Brokers
Progressive Share Brokers Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
ICICI Direct Vs Progressive Share Brokers - Broker Details
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 1995 | 1996 |
| Exchanges | BSE and NSE. | NSE, BSE, MCX and NCDEX |
| Branches | 250+ | 3 |
| Brokerage | Prime Plan: ₹900/- | 0.04% per order |
| Broker Type | Full service Broker | Full Service Broker |
ICICI Direct Vs Progressive Share Brokers - Account Opening & AMC Charges
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹700 (From 2nd Year) | ₹300 for Neo Customers | ₹250 per Year |
| Trading Account AMC | ₹0 (Free) | NA |
ICICI Direct Vs Progressive Share Brokers - Brokerage charges & Plans
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | ₹20/ Order | 0.04% per order |
| Currency Futures | ₹20/ Order | 0.04% per order |
| Equity Delivery | ₹0.09% | 0.35% per order |
| Equity Options | ₹20/ Order | ₹35 per lot |
| Commodity Options | ₹20/ Order | ₹35 per lot |
| Equity Futures | ₹20/ Order | 0.04% per order |
| Currency Options | ₹20/ Order | ₹15 per lot |
| Fixed Charges | ₹20/ Order | 0.04% per order |
| Equity Intraday | ₹20/ Order | 0.04% per order |
ICICI Direct Vs Progressive Share Brokers - Other Charges
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
| RMS Square Off Charge | ₹50/ Order | ₹50 per order |
| API Charges | ₹0 (Free) | Free API |
| Call & Trade Charges | ₹50/ Order | Rs. 20 (+ GST) |
| Other Brokerage Charges | Prime Plan: ₹900/- | 0.04% per order |
| Minimum Brokerage | ₹20/ Order | 0.04% per order |
ICICI Direct Vs Progressive Share Brokers - Transaction Charges
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
| Currency Options | Exchange turnover charge: 0.04% |Clearing charge: 0.025% | Exchange txn charge: 0.035% |
| Equity Futures | NSE: 0.002% | NSE: 0.0019% |
| Equity Intraday | NSE: 0.00345% | BSE: 0.00345% | NSE: 0.00325% BSE: 0.00275%(BSE: charges vary as per the scrip group) |
| Equity Options | NSE: 0.053% | NSE: 0.05% (on premium) |
| Commodity | Non-Agri: Exchange turnover charge: 0.0026% | Group A Exchange txn charge: 0.0026% Group B Exchange txn charge: 0.006% Clearing charge: .00025% |
| Currency Futures | Exchange turnover charge: 0.0009% | Clearing charge: 0.0004% | Exchange txn charge: 0.0009% Clearing charge: .00025% |
| Equity Delivery | 0.00345% trade on buy & sell | NSE: 0.00325% BSE: 0.00275%(BSE: charges vary as per the scrip group) |
ICICI Direct Vs Progressive Share Brokers - Margin (Exposure)
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
ICICI Direct Vs Progressive Share Brokers - Features
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodities: 11:20 PM | Equity & F&O:- 3:30pm | Currency: 4:45PM | Commodities: 11:15 PM |
| Trading Platform | 1. ICICI Direct.com (Website). 2. Trade Racer (Trading Terminal). 3. ICICI Direct Mobile App. | 1. Investor 360 Web Portal, 2. Investor 360 Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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ICICI Direct Vs Progressive Share Brokers - Review & Rating
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account |
ICICI Direct Vs Progressive Share Brokers - Request a call back from Broker
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
ICICI Direct Vs Progressive Share Brokers - Investment Options
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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ICICI Direct Vs Progressive Share Brokers - Order Type
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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ICICI Direct Vs Progressive Share Brokers - Research & Report
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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ICICI Direct Vs Progressive Share Brokers - Daily Market Report
| ICICI Direct | Progressive Share Brokers | |
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| Daily Market Reports & News |
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ICICI Direct Vs Progressive Share Brokers - Suitable For Investor
| ICICI Direct | Progressive Share Brokers | |
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| Casual Investor |
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| Active Investor |
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| Trader |
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ICICI Direct Vs Progressive Share Brokers - Pros & Cons
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
| Pros | 1. It facilitates its customers by providing an integrated three-in-one account. 2. ICICI direct manages the customer’s demat and bank accounts by transferring the money to the broker’s pool or toward deposits. 3. The investments can be made in online in IPOs, Mutual Funds, GOI Funds and the postal savings schemes all of it from one website. 4. It allows trading at both the national exchanges i.e. NSE and BSE. | 1. Innovative Trading Platforms, 2.Educational Resources, 3.Low Fees and Commissions, 4.Responsive Customer Support, 5.Innovative Features |
| Cons | 1. The brokerage of ICICI direct is high and not negotiable. 2. It does not offer commodity trading. 3. The minimum brokerage as the standard I-Secure plan is ₹20/Order that is high for the traders making small trades. 4. ICICI Direct provides ₹0.05 per share brokerage on the stocks quoting up to ₹10. It becomes difficult to trade in the penny stocks. 5. It charges ₹50 per call for the call and trader after first 20 free calls in a month. | 1. Complexity of Trading Platforms, 2. Higher Minimum Deposit Requirements, 3. Limited Personalized Guidance, 4. Lack of Physical Branches |
ICICI Direct Vs Progressive Share Brokers - Background
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
ICICI Direct Vs Progressive Share Brokers - Compare All Brokers
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
ICICI Direct Vs Progressive Share Brokers - STT/CTT
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group | 0.025% on the sell side |
| Equity Options | 0.05% on Sell Side(on Premium) | 0.0625% on sell side (on premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both Buy and Sell | 0.1% on buy & sell |
| Equity Futures | 0.01% on Sell Side | 0.0125% on sell side |
| Commodity Options | 0.05% on sell side | 0.05% on sell side |
ICICI Direct Vs Progressive Share Brokers - Demat transaction charges
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
| Equity Demat Transaction Charges | Sell - 0.04% of the value of securities (Minimum ₹30 and maximum ₹25,000) | ₹10 per request |
ICICI Direct Vs Progressive Share Brokers - GST
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge + SEBI Fee) | 18% on (Brokerage + Transaction Charge) |
ICICI Direct Vs Progressive Share Brokers - SEBI Charges
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
ICICI Direct Vs Progressive Share Brokers - Account Opening & AMC Charges
ICICI Direct
Progressive Share Brokers
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹700 (From 2nd Year) | ₹300 for Neo Customers
₹250 per Year
Trading Account AMC
₹0 (Free)
NA
ICICI Direct Vs Progressive Share Brokers
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
ICICI Direct Review | Brokerage Charges, Account OpeningWith ICICIdirect, you can access retail trading and investment services from India's largest and most trusted stock broker, ICICI securities. It offers customers diverse online trading and investment services through its ICICIdirect platform.
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Progressive Share Brokers Account Opening Process and Charges |
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Progressive Share Brokers
Progressive Share Brokers Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
ICICI Direct Vs Progressive Share Brokers - Brokerage charges & Plans
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | ₹20/ Order | 0.04% per order |
| Currency Futures | ₹20/ Order | 0.04% per order |
| Equity Delivery | ₹0.09% | 0.35% per order |
| Equity Options | ₹20/ Order | ₹35 per lot |
| Commodity Options | ₹20/ Order | ₹35 per lot |
| Equity Futures | ₹20/ Order | 0.04% per order |
| Currency Options | ₹20/ Order | ₹15 per lot |
| Fixed Charges | ₹20/ Order | 0.04% per order |
| Equity Intraday | ₹20/ Order | 0.04% per order |
| Call Back Open Account |
ICICI Direct Vs Progressive Share Brokers - Margin (Exposure)
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Call Back Open Account |
ICICI Direct Vs Progressive Share Brokers - Other Charges
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
| RMS Square Off Charge | ₹50/ Order | ₹50 per order |
| API Charges | ₹0 (Free) | Free API |
| Call & Trade Charges | ₹50/ Order | Rs. 20 (+ GST) |
| Other Brokerage Charges | Prime Plan: ₹900/- | 0.04% per order |
| Minimum Brokerage | ₹20/ Order | 0.04% per order |
ICICI Direct Vs Progressive Share Brokers - STT/CTT
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group | 0.025% on the sell side |
| Equity Options | 0.05% on Sell Side(on Premium) | 0.0625% on sell side (on premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both Buy and Sell | 0.1% on buy & sell |
| Equity Futures | 0.01% on Sell Side | 0.0125% on sell side |
| Commodity Options | 0.05% on sell side | 0.05% on sell side |
ICICI Direct Vs Progressive Share Brokers - Demat transaction charges
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
| Equity Demat Transaction Charges | Sell - 0.04% of the value of securities (Minimum ₹30 and maximum ₹25,000) | ₹10 per request |
ICICI Direct Vs Progressive Share Brokers - GST
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge + SEBI Fee) | 18% on (Brokerage + Transaction Charge) |
ICICI Direct Vs Progressive Share Brokers - SEBI Charges
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
ICICI Direct Vs Progressive Share Brokers - Features
| ICICI Direct | Progressive Share Brokers | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
|
| Intraday Square-off Time | Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodities: 11:20 PM | Equity & F&O:- 3:30pm | Currency: 4:45PM | Commodities: 11:15 PM |
| Trading Platform | 1. ICICI Direct.com (Website). 2. Trade Racer (Trading Terminal). 3. ICICI Direct Mobile App. | 1. Investor 360 Web Portal, 2. Investor 360 Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |