ICICI Direct is one of the popular full-service stockbroking companies in India. It is a retail trading and investment service arm of ICICI Securities which is a part of ICICI Group.
ICICI Direct offers trading and other services to over 26 lakh customers. It has over 200 ICICIdirect Stores in over 87 locations.
ICICI Direct offers a range of services to its customers. In addition to trading services in Equity, Derivatives, and Currency, the website offers services in Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax and ELocker etc.
Trade Racer is ICICI's own trading platform. The platform needs to be installed on your desktop or laptop for trading. It provides you with Live streaming quotes & Research Calls, integrated fund transfer system along with multiple watch list facility. Some of the major features of Trade Racer are:
Trade Racer, is free for customers with monthly brokerage of more than ₹750. Other have to pay charges at ₹75 per month as subscription for Trade Racer.
You can also trade on the website icicidirect.com. You can log-in to the account and buy/sell desired options on the website. ICICI Direct offers a lighter version of the website for people trading from low bandwidth internet areas to trade faster. The website offers live streaming quotes, facility to place orders, portfolio monitoring, funds status etc.
The mobile app is for Apple iPhone, Android, and Windows 8 devices. ICICI Direct Mobile allows you to trade, view live quotes, monitor your portfolio and market movements, gives access to research calls etc. Some of the key features of the app are:
ICICI Securities offers 4 types of brokerage plans to its customers:
** Under normal brokerage, brokerage on 2nd leg in case of Intra-day square off is 50.
1. Second leg of intraday transactions in Equity Futures & Options would be levied only Rs 25 per lot or applicable options brokerage mentioned above (whichever is lower)
2. Second leg of intraday transactions in Currency Futures & Options would be levied only Rs 4 per lot (Applicable for 10,000 and 25,000 Prepaid plan only) For remaining plans, no brokerage will be charged.