INDmoney Vs ICICI Direct
INDmoney
INDmoney Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
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.
INDmoney Vs ICICI Direct - Broker Details
| INDmoney | ICICI Direct | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2019 | 1995 |
| Exchanges | NSE, BSE and MCX | BSE and NSE. |
| Branches | 966 | 250+ |
| Brokerage | 0.05% or up to ₹20/Per Order | Prime Plan: ₹900/- |
| Broker Type | Discount Broker | Full service Broker |
| Call Back Open Account |
INDmoney Vs ICICI Direct - Account Opening & AMC Charges
| INDmoney | ICICI Direct | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹0 (Free) | ₹700 (From 2nd Year) | ₹300 for Neo Customers |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
| Call Back Open Account |
INDmoney Vs ICICI Direct - Brokerage charges & Plans
| INDmoney | ICICI Direct | |
|---|---|---|
| Commodity Futures | N/A | ₹20/ Order |
| Currency Futures | 0.05% or up to ₹20/Per Order | ₹20/ Order |
| Equity Delivery | 0.05% or up to ₹20/Per Order | ₹0.09% |
| Equity Options | 0.05% or up to ₹20/Per Order | ₹20/ Order |
| Commodity Options | N/A | ₹20/ Order |
| Equity Futures | 0.05% or up to ₹20/Per Order | ₹20/ Order |
| Currency Options | 0.05% or up to ₹20/Per Order | ₹20/ Order |
| Fixed Charges | 0.05% or up to ₹20/Per Order | ₹20/ Order |
| Equity Intraday | 0.05% or up to ₹20/Per Order | ₹20/ Order |
| Call Back Open Account |
INDmoney Vs ICICI Direct - Other Charges
| INDmoney | ICICI Direct | |
|---|---|---|
| RMS Square Off Charge | ₹50 per position | ₹50/ Order |
| API Charges | N/A | ₹0 (Free) |
| Call & Trade Charges | ₹50 per position | ₹50/ Order |
| Other Brokerage Charges | 0.05% or up to ₹20/Per Order | Prime Plan: ₹900/- |
| Minimum Brokerage | 0.05% or up to ₹20/Per Order | ₹20/ Order |
| Call Back Open Account |
INDmoney Vs ICICI Direct - Transaction Charges
| INDmoney | ICICI Direct | |
|---|---|---|
| Currency Options | NSE: 0.035 % And | BSE: 0.001% On Options Premium Value | Exchange turnover charge: 0.04% |Clearing charge: 0.025% |
| Equity Futures | NSE: 0.00195% on total turnover value | NSE: 0.002% |
| Equity Intraday | NSE - 0.00325% | BSE- 0.00375% | NSE: 0.00345% | BSE: 0.00345% |
| Equity Options | NSE: 0.053% on premium value | NSE: 0.053% |
| Commodity | Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month TO ) 0.0013% On Turnover For A Category (FAR Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Following Scrips: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN | Non-Agri: Exchange turnover charge: 0.0026% |
| Currency Futures | NSE: 0.0009% On Futures Turnover value | BSE: 0.00022% On Futures Turnover value | Exchange turnover charge: 0.0009% | Clearing charge: 0.0004% |
| Equity Delivery | NSE - 0.00325% | BSE- 0.00375% | 0.00345% trade on buy & sell |
| Call Back Open Account |
INDmoney Vs ICICI Direct - Margin (Exposure)
| INDmoney | ICICI Direct | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML 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 NRML margin (Span + Exposure) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (no margin) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Call Back Open Account |
INDmoney Vs ICICI Direct - Features
| INDmoney | ICICI Direct | |
|---|---|---|
| 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 Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM | Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodities: 11:20 PM |
| Trading Platform | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App | 1. ICICI Direct.com (Website). 2. Trade Racer (Trading Terminal). 3. ICICI Direct Mobile App. |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |
INDmoney Vs ICICI Direct - Review & Rating
| INDmoney | ICICI Direct | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account |
INDmoney Vs ICICI Direct - Request a call back from Broker
| INDmoney | ICICI Direct | |
|---|---|---|
| Call Back Open Account |
INDmoney Vs ICICI Direct - Investment Options
| INDmoney | ICICI Direct | |
|---|---|---|
| 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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| Call Back Open Account |
INDmoney Vs ICICI Direct - Order Type
| INDmoney | ICICI Direct | |
|---|---|---|
| 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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| Call Back Open Account |
INDmoney Vs ICICI Direct - Research & Report
| INDmoney | ICICI Direct | |
|---|---|---|
| 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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| Call Back Open Account |
INDmoney Vs ICICI Direct - Daily Market Report
| INDmoney | ICICI Direct | |
|---|---|---|
| Daily Market Reports & News |
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| Call Back Open Account |
INDmoney Vs ICICI Direct - Suitable For Investor
| INDmoney | ICICI Direct | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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| Call Back Open Account |
INDmoney Vs ICICI Direct - Pros & Cons
| INDmoney | ICICI Direct | |
|---|---|---|
| Pros | 1. User-Friendly Platform 2. It provides the most advanced trading platforms. 3. All-in-One Financial App 4.INDMoney facilitates goal-based investing, helping users set and achieve financial objectives 5. The broker offers responsive customer support to address inquiries and provide assistance whenever needed. | 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. |
| Cons | 1.Limited Global Investment Options 2.Limited Advanced Trading Features 3. INDMoney primarily operates through its app, which might not be suitable for investors who prefer traditional phone or in-person customer support. | 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. |
| Call Back Open Account |
INDmoney Vs ICICI Direct - Background
| INDmoney | ICICI Direct | |
|---|---|---|
| Call Back Open Account |
INDmoney Vs ICICI Direct - Compare All Brokers
| INDmoney | ICICI Direct | |
|---|---|---|
| Call Back Open Account |
INDmoney Vs ICICI Direct - STT/CTT
| INDmoney | ICICI Direct | |
|---|---|---|
| Commodity Futures | 0.01% only on sell side Non-Agri | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group |
| Equity Options | 0.05% only on sell (On Premium) | 0.05% on Sell Side(on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on both Buy and Sell |
| Equity Futures | 0.01% only on sell | 0.01% on Sell Side |
| Commodity Options | 0.05% only on sell side | 0.05% on sell side |
| Call Back Open Account |
INDmoney Vs ICICI Direct - Demat transaction charges
| INDmoney | ICICI Direct | |
|---|---|---|
| Equity Demat Transaction Charges | ₹250/ per certificate | Sell - 0.04% of the value of securities (Minimum ₹30 and maximum ₹25,000) |
| Call Back Open Account |
INDmoney Vs ICICI Direct - GST
| INDmoney | ICICI Direct | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
| Call Back Open Account |
INDmoney Vs ICICI Direct - SEBI Charges
| INDmoney | ICICI Direct | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
| Call Back Open Account |
INDmoney Vs ICICI Direct - Account Opening & AMC Charges
INDmoney
ICICI Direct
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
₹700 (From 2nd Year) | ₹300 for Neo Customers
Trading Account AMC
₹0 (Free)
₹0 (Free)
INDmoney Vs ICICI Direct
| INDmoney | ICICI Direct | |
|---|---|---|
INDmoney Account Opening Process, Charges, and Documentation Details |
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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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.
INDmoney Vs ICICI Direct - Brokerage charges & Plans
| INDmoney | ICICI Direct | |
|---|---|---|
| Commodity Futures | N/A | ₹20/ Order |
| Currency Futures | 0.05% or up to ₹20/Per Order | ₹20/ Order |
| Equity Delivery | 0.05% or up to ₹20/Per Order | ₹0.09% |
| Equity Options | 0.05% or up to ₹20/Per Order | ₹20/ Order |
| Commodity Options | N/A | ₹20/ Order |
| Equity Futures | 0.05% or up to ₹20/Per Order | ₹20/ Order |
| Currency Options | 0.05% or up to ₹20/Per Order | ₹20/ Order |
| Fixed Charges | 0.05% or up to ₹20/Per Order | ₹20/ Order |
| Equity Intraday | 0.05% or up to ₹20/Per Order | ₹20/ Order |
| Call Back Open Account |
INDmoney Vs ICICI Direct - Margin (Exposure)
| INDmoney | ICICI Direct | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML 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 NRML margin (Span + Exposure) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (no margin) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Call Back Open Account |
INDmoney Vs ICICI Direct - Other Charges
| INDmoney | ICICI Direct | |
|---|---|---|
| RMS Square Off Charge | ₹50 per position | ₹50/ Order |
| API Charges | N/A | ₹0 (Free) |
| Call & Trade Charges | ₹50 per position | ₹50/ Order |
| Other Brokerage Charges | 0.05% or up to ₹20/Per Order | Prime Plan: ₹900/- |
| Minimum Brokerage | 0.05% or up to ₹20/Per Order | ₹20/ Order |
INDmoney Vs ICICI Direct - STT/CTT
| INDmoney | ICICI Direct | |
|---|---|---|
| Commodity Futures | 0.01% only on sell side Non-Agri | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group |
| Equity Options | 0.05% only on sell (On Premium) | 0.05% on Sell Side(on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on both Buy and Sell |
| Equity Futures | 0.01% only on sell | 0.01% on Sell Side |
| Commodity Options | 0.05% only on sell side | 0.05% on sell side |
INDmoney Vs ICICI Direct - Demat transaction charges
| INDmoney | ICICI Direct | |
|---|---|---|
| Equity Demat Transaction Charges | ₹250/ per certificate | Sell - 0.04% of the value of securities (Minimum ₹30 and maximum ₹25,000) |
INDmoney Vs ICICI Direct - GST
| INDmoney | ICICI Direct | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
INDmoney Vs ICICI Direct - SEBI Charges
| INDmoney | ICICI Direct | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
INDmoney Vs ICICI Direct - Features
| INDmoney | ICICI Direct | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
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| 3 in 1 Account |
|
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| Charting |
|
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| Intraday Square-off Time | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM | Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodities: 11:20 PM |
| Trading Platform | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App | 1. ICICI Direct.com (Website). 2. Trade Racer (Trading Terminal). 3. ICICI Direct Mobile App. |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |