STOCK BROKER REVIEW | INVESTING | UPCOMING IPO | ALGO TRADING | TECHNICAL ANALYSIS

Quick Comparision (ICICI Direct VS Groww)

 
 

ICICI Direct Vs Groww

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.


Groww
Groww Review gives an overall view of the updates about the Brokerage Charges, Margin, Updated Trading Software 2024, We can also review Groww Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.

ICICI Direct Vs Groww - Broker Details

ICICI Direct Groww
Single Margin Facility
Year of Incorporation 1995 2016
Exchanges BSE and NSE. NSE and BSE.
Branches 250+ Zero
Brokerage Prime Plan: ₹900/- ₹20/ Order
Broker Type Full service Broker Discount Broker
Call Back Open Account Call Back Open Account

ICICI Direct Vs Groww - Account Opening & AMC Charges

ICICI Direct Groww
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 ₹0 (Free)
Trading Account AMC ₹0 (Free) ₹0 (Free)
Call Back Open Account Call Back Open Account

ICICI Direct Vs Groww - Brokerage charges & Plans

ICICI Direct Groww
Commodity Futures ₹20/ Order N/A
Currency Futures ₹20/ Order N/A
Equity Delivery ₹0.09% ₹20/ Order or 0.05% (whichever is lower)
Equity Options ₹20/ Order ₹20/ Order or 0.05% (whichever is lower)
Commodity Options ₹20/ Order N/A
Equity Futures ₹20/ Order ₹20/ Order or 0.05% (whichever is lower)
Currency Options ₹20/ Order N/A
Fixed Charges ₹20/ Order ₹20/ Order
Equity Intraday ₹20/ Order ₹20/ Order or 0.05% (whichever is lower)
Call Back Open Account Call Back Open Account

ICICI Direct Vs Groww - Other Charges

ICICI Direct Groww
RMS Square Off Charge ₹50/ Order ₹50/ Order
API Charges ₹0 (Free) ₹0 (Free)
Call & Trade Charges ₹50/ Order N/A
Other Brokerage Charges Prime Plan: ₹900/- ₹20/ Order or 0.05%
Minimum Brokerage ₹20/ Order ₹20/ Order
Call Back Open Account Call Back Open Account

ICICI Direct Vs Groww - Transaction Charges

ICICI Direct Groww
Currency Options Exchange turnover charge: 0.04% |Clearing charge: 0.025% N/A
Equity Futures NSE: 0.002% NSE:- 0.002%
Equity Intraday NSE: 0.00345% | BSE: 0.00345% NSE:- 0.00345% | BSE:- 0.00345%
Equity Options NSE: 0.053% NSE:- 0.053% on premium
Commodity Non-Agri: Exchange turnover charge: 0.0026% N/A
Currency Futures Exchange turnover charge: 0.0009% | Clearing charge: 0.0004% N/A
Equity Delivery 0.00345% trade on buy & sell NSE:- 0.00345% | BSE:-0.00345%
Call Back Open Account Call Back Open Account

ICICI Direct Vs Groww - Margin (Exposure)

ICICI Direct Groww
Equity Options 1x (100% of NRML margin (Span + Exposure) 1x
Equity Intraday 5x (Up to 20% of trade value) 5x
Currency Options 1x (100% of NRML margin (Span + Exposure) N/A
Commodity Options 1x (100% of NRML margin (Span + Exposure) N/A
Commodity Futures 1x (100% of NRML margin (Span + Exposure) N/A
Equity Delivery 1x (100% of trade value) 1x (no margin)
Currency Futures 1x (100% of NRML margin (Span + Exposure) N/A
Equity Futures 1x (100% of NRML margin (Span + Exposure) 1x
Call Back Open Account Call Back Open Account

ICICI Direct Vs Groww - Features

ICICI Direct Groww
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:- 3:20pm | Currency:- 4:30 PM | Commodity:- 11:25 PM
Trading Platform 1. ICICI Direct.com (Website). 2. Trade Racer (Trading Terminal). 3. ICICI Direct Mobile App. Groww Web (Browser based trading website) , Groww Mobile Application
SMS Alerts for Trades
Direct Mutual Fund
Call Back Open Account Call Back Open Account

ICICI Direct Vs Groww - Review & Rating

ICICI Direct Groww
Trading Brokerage
Customer Service
Fees
Trading Platform Usability
Mobile App
Research
Desktop Software
Overall Ratings
Broker Rating
Call Back Open Account Call Back Open Account

ICICI Direct Vs Groww - Request a call back from Broker

ICICI Direct Groww
Call Back Open Account Call Back Open Account

ICICI Direct Vs Groww - Investment Options

ICICI Direct Groww
Currency
IPO
Commodity
Debt
Other Options
Stock Cash / Equity
Mutual Funds
Bond / NCD
Call Back Open Account Call Back Open Account

ICICI Direct Vs Groww - Order Type

ICICI Direct Groww
Bracket Order/BO/OCO
BTST
Cover Order/CO
Good Till Cancelled (GTC)
BUY ABOVE/SELL BELOW (SL-M)
After Market Order(AMO)
STBT
Call Back Open Account Call Back Open Account

ICICI Direct Vs Groww - Research & Report

ICICI Direct Groww
Free Tips
Quarterly Result Analysis
Daily Market Report
News Alerts
Call Back Open Account Call Back Open Account

ICICI Direct Vs Groww - Daily Market Report

ICICI Direct Groww
Daily Market Reports & News
Call Back Open Account Call Back Open Account

ICICI Direct Vs Groww - Suitable For Investor

ICICI Direct Groww
Casual Investor
Active Investor
Trader
Call Back Open Account Call Back Open Account

ICICI Direct Vs Groww - Pros & Cons

ICICI Direct Groww
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.Commission free investment for customer. 2.Transparent without any hidden charges. 3. Upto 1.5% extra returns on direct mutual funds. 4.Provide facility to invest in US stocks, Gold and ETFs. 5.Online IPO application. 6.Zero charges on direct mutual funds 7. Very simple and intuitive UI. 8. Offers a wide range of premium features. 9.SEBI registered advisor in the name of Finvantage Investment Advisor Pvt Ltd. 10. In-built customer support section or directly email them on support@groww.in. 11.Groww also has a live chat option.
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.Dilution in the name of diversification. 2.Due to higher cost of some mutual funds, so mutual funds charge for managing the funds, fund manager salary, distribution cost etc. 3.It does not suit customers with unpredictable cash flows. 4.Customer is unable to analyse funds technically and in-depth.
Call Back Open Account Call Back Open Account

ICICI Direct Vs Groww - Background

ICICI Direct Groww
Call Back Open Account Call Back Open Account

ICICI Direct Vs Groww - Compare All Brokers

ICICI Direct Groww
Call Back Open Account Call Back Open Account

ICICI Direct Vs Groww - STT/CTT

ICICI Direct Groww
Commodity Futures 0.01% on sell side (Non-Agri) N/A
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% only on sell
Equity Options 0.05% on Sell Side(on Premium) 0.05% only on sell
Currency Options No STT No STT
Equity Delivery 0.1% on both Buy and Sell 0.1% on both buy & sell
Equity Futures 0.01% on Sell Side 0.01% only on sell
Commodity Options 0.05% on sell side N/A
Call Back Open Account Call Back Open Account

ICICI Direct Vs Groww - Demat transaction charges

ICICI Direct Groww
Equity Demat Transaction Charges Sell - 0.04% of the value of securities (Minimum ₹30 and maximum ₹25,000) ₹13.5 Gst per scrip per day only on sell
Call Back Open Account Call Back Open Account

ICICI Direct Vs Groww - GST

ICICI Direct Groww
Equity/Currencies/Commodities ( Delivery & FNO) 18% on (Brokerage + Transaction Charge + SEBI Fee) 18% ( Brokerage + Transaction charges)
Call Back Open Account Call Back Open Account

ICICI Direct Vs Groww - SEBI Charges

ICICI Direct Groww
Equity/Currencies/Commodities ( Delivery & FNO) ₹10/Crore ₹10/ Crore
Call Back Open Account Call Back Open Account

ICICI Direct Vs Groww - Account Opening & AMC Charges

ICICI Direct
Groww
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
₹0 (Free)
Trading Account AMC
₹0 (Free)
₹0 (Free)

ICICI Direct Vs Groww

ICICI Direct Groww
 

ICICI Direct Review | Brokerage Charges, Account Opening

With 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.

Groww Review | Brokerage Charges, Account Opening


Groww is an Indian SEBI registered stockbroker that targets first time investor and millennials. Groww established in April 2016 in Bangalore as a brand of Nextbillion Technology Private Limited. In the mid of 2024s, Groww broker review has expanded its services and started stocks investing service on its platform. Groww application ..
 
 

Groww
Groww Review gives an overall view of the updates about the Brokerage Charges, Margin, Updated Trading Software 2024, We can also review Groww Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.

ICICI Direct Vs Groww - Brokerage charges & Plans

ICICI Direct Groww
Commodity Futures ₹20/ Order N/A
Currency Futures ₹20/ Order N/A
Equity Delivery ₹0.09% ₹20/ Order or 0.05% (whichever is lower)
Equity Options ₹20/ Order ₹20/ Order or 0.05% (whichever is lower)
Commodity Options ₹20/ Order N/A
Equity Futures ₹20/ Order ₹20/ Order or 0.05% (whichever is lower)
Currency Options ₹20/ Order N/A
Fixed Charges ₹20/ Order ₹20/ Order
Equity Intraday ₹20/ Order ₹20/ Order or 0.05% (whichever is lower)
Call Back Open Account Call Back Open Account

ICICI Direct Vs Groww - Margin (Exposure)

ICICI Direct Groww
Equity Options 1x (100% of NRML margin (Span + Exposure) 1x
Equity Intraday 5x (Up to 20% of trade value) 5x
Currency Options 1x (100% of NRML margin (Span + Exposure) N/A
Commodity Options 1x (100% of NRML margin (Span + Exposure) N/A
Commodity Futures 1x (100% of NRML margin (Span + Exposure) N/A
Equity Delivery 1x (100% of trade value) 1x (no margin)
Currency Futures 1x (100% of NRML margin (Span + Exposure) N/A
Equity Futures 1x (100% of NRML margin (Span + Exposure) 1x
Call Back Open Account Call Back Open Account

ICICI Direct Vs Groww - Other Charges

ICICI Direct Groww
RMS Square Off Charge ₹50/ Order ₹50/ Order
API Charges ₹0 (Free) ₹0 (Free)
Call & Trade Charges ₹50/ Order N/A
Other Brokerage Charges Prime Plan: ₹900/- ₹20/ Order or 0.05%
Minimum Brokerage ₹20/ Order ₹20/ Order
Call Back Open Account

ICICI Direct Vs Groww - STT/CTT

ICICI Direct Groww
Commodity Futures 0.01% on sell side (Non-Agri) N/A
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% only on sell
Equity Options 0.05% on Sell Side(on Premium) 0.05% only on sell
Currency Options No STT No STT
Equity Delivery 0.1% on both Buy and Sell 0.1% on both buy & sell
Equity Futures 0.01% on Sell Side 0.01% only on sell
Commodity Options 0.05% on sell side N/A
Call Back Open Account

ICICI Direct Vs Groww - Demat transaction charges

ICICI Direct Groww
Equity Demat Transaction Charges Sell - 0.04% of the value of securities (Minimum ₹30 and maximum ₹25,000) ₹13.5 Gst per scrip per day only on sell
Call Back Open Account

ICICI Direct Vs Groww - GST

ICICI Direct Groww
Equity/Currencies/Commodities ( Delivery & FNO) 18% on (Brokerage + Transaction Charge + SEBI Fee) 18% ( Brokerage + Transaction charges)
Call Back Open Account

ICICI Direct Vs Groww - SEBI Charges

ICICI Direct Groww
Equity/Currencies/Commodities ( Delivery & FNO) ₹10/Crore ₹10/ Crore
Call Back Open Account

ICICI Direct Vs Groww - Features

ICICI Direct Groww
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:- 3:20pm | Currency:- 4:30 PM | Commodity:- 11:25 PM
Trading Platform 1. ICICI Direct.com (Website). 2. Trade Racer (Trading Terminal). 3. ICICI Direct Mobile App. Groww Web (Browser based trading website) , Groww Mobile Application
SMS Alerts for Trades
Direct Mutual Fund
Call Back Open Account Call Back Open Account

ICICI Direct

Groww