ICICI Direct Vs HDFC Securities NRI Account Comparison

ICICI Direct Vs HDFC Securities NRI Account Comparison

The side-by-side comparison of ICICI Direct and HDFC Securities NRI Account. Compare ICICI Direct Vs HDFC Securities NRI Account brokerage charges, exposure margin, demat account and AMC. Read HDFC Securities and ICICI Direct NRI Account reviews.

Find out ICICI Direct Vs HDFC Securities which is better NRI Trading Account. See ICICI Direct Vs HDFC Securities which is best NRI Demat Account.

Our ICICI Securities Pvt Ltd. comparison with HDFC Securities Ltd highlights the major differences between two brokers. Find the best between ICICI Direct and HDFC Securities NRI Account.

ICICI Direct Vs HDFC Securities

  ICICI Direct HDFC Securities
ICICI Securities Pvt Ltd. Logo HDFC Securities Ltd Logo
About the Broker ICICI Bank offers trading and investment opportunities in India stock market to NRIs through ICICI NRI 3-in-1 account. It is a combination of an NRI saving bank account, an NRI Demat, and an NRI trading account. The ICICI 3 in 1 Account for NRI enab... Know more about ICICI Securities Pvt Ltd. HDFC, a leading private bank in India, offers online trading and investment services in India Stock Market to NRIs located across the globe. HDFC NRI 3-in-1 Account offers a seamless trading experience to NRIs. It offers an integrated NRI trading acc... Know more about HDFC Securities Ltd
Account Type NRI Account NRI Account
Broker Enquiry Open an Online Trading Account with ICICI Direct. Leave your contact info and we will get in touch with you. Open an Online Trading Account with HDFC Securities. Leave your contact info and we will get in touch with you.

ICICI Direct Vs HDFC Securities Charges

  ICICI Direct HDFC Securities
NRI Account Opening Fees ₹4000 ₹2500
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees ₹0 ₹0
NRI Demat Account AMC ₹700 ₹750
PIS Account AMC
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST

ICICI Direct Vs HDFC Securities NRI Account Brokerage Comparison

Brokerage Plan

  ICICI Direct HDFC Securities
Account Type NRI Account NRI Account
Equity Delivery 0.50% - 1.25% 0.75%
Equity Futures 0.03% - 0.05% 0.025% (Both Buy & Sell)
Equity Options ₹70 to ₹95 ₹100 per lot

Other Charges

Contract Note Reporting Charges
Other Brokerage Charges Minimum Brokerage: ₹25, PIS AMC: ₹1000
TDS Charges on Long Term Gain (Holding > 365 Days) 11.96% 11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days) 17.94% 17.94%

ICICI Direct Vs HDFC Securities NRI Account Taxes/Fees

  ICICI Direct HDFC Securities
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
Exchange Transaction Charges Check Exchange Transaction Fee
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. 0.01% on delivery based turnover and 0.002% on non-delivery based turnover.

ICICI Direct Vs HDFC Securities NRI Account Exposure Margin

  ICICI Direct HDFC Securities
Equity Delivery 1x (100%)
Equity Futures 1x (100%)
Equity Options 1x (100%)

ICICI Direct and HDFC Securities NRI Account Feature Comparison

  ICICI Direct HDFC Securities
3-in-1 Account Yes Yes
Automated Trading No No
Free Research And Tips Yes Yes
Other Features

ICICI Direct Vs HDFC Securities NRI Account Review

  ICICI Direct HDFC Securities
  422 Customer Reviews    Rate ICICI Direct 187 Customer Reviews    Rate HDFC Securities
Fees 2.3 2.1
Brokerage 1.7 1.9
Trading Platform 3.4 2.9
Customer Service 2.7 2.5
Overall Rating Rated 2.4 stars Rated 2.2 stars
Broker Rating ICICI Direct is Rated 2.4 / 5 based on 422 customer reviews HDFC Securities is Rated 2.2 / 5 based on 187 customer reviews

ICICI Direct Vs HDFC Securities NRI Investment Options

  ICICI Direct HDFC Securities
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options ETF, Corporate Bonds, NCD, FD, Insurance Bonds, Equity F&O, ETFs

ICICI Direct Vs HDFC Securities NRI Customer Service

  ICICI Direct HDFC Securities
Customer Care Number +91-22-28307780 +91 2267 6061 61
Customer Care Email nri@icicidirect.com

ICICI Direct Vs HDFC Securities Order Type Offered for NRI Account

  ICICI Direct HDFC Securities
Bracket Order Yes
Cover Order Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes

ICICI Direct Vs HDFC Securities - NRI Account Advantages and Disadvantages

  ICICI Direct HDFC Securities
Pros
  1. India's leading stockbroker. Part of the prestigious ICICI group, a financial services conglomerate.
  2. ICICI 3-in-1 NRI Account offers the easiest online trading experience.
  3. It offers an online trading facility with automatic fund transfer and PIS reporting.
  4. Invest online in Mutual Fund, NCD, FD, IPO, etc.
  5. GTC (or GTD, VTD) and AMO order types are available for placing orders in non-trading hours.
  6. It has a very stable trading platform.
  1. Offers 3-in-1 NRI account for trading and investment.
  2. A subsidiary of renowned HDFC Bank.
  3. Offers online mutual fund facility through 'Digify'', a digital mutual fund platform.
  4. Offers AMO and GTC order facility.
  5. Research team offers trading and investment recommendations.
  6. Assistance from Relationship Managers.
  7. Offers loan facility against securities held in NRI demat account.
Cons
  1. While ICICI trading platform gets the job done, it is very old trading software with poor user experience in comparison to the next generation online brokers like Zerodha, upstox, and 5paisa.
  2. The equity delivery brokerage is higher in comparison to discount brokers like Zerodha. With ICICI, a buy order or Rs 1 lakhs will cost Rs 1250 (1.25%) in brokerage. The same order at Zerodha cost Rs 200 in brokerage.
  3. NRIs from the UK (United Kingdom) cannot invest in IPO and Mutual Fund through ICICIDirect.com
  4. ICICI Bank doesn't offer online account opening to NRIs apart from customers from the US. Online account opening is also not available to Minor NRIs from the US.
  1. Brokerage charges are very high in comparison to discount brokers like Zerodha.
  2. Doesn't offer online trading to USA and Canada based NRIs.
Conclusion

ICICI is a highly recommended trading account for NRIs who are looking for investing in the stock market and mutual funds in India. It offers a convenient way to invest with competitive brokerage charges. It offers a range of investment options along with a dedicated RM, NRI support desk, free research, and tips. GTC and AMO order helps NRI customers to place an order in their own convenient timings.

HDFC is a good choice for NRIs to trade and invest in stocks, mutual funds and other investment products in India. Barring NRIs from the USA and Canada, it offers a convenient way to invest online. HDFC is a full-service broker offering services like RM, NRI support desk, free research, and tips, etc., to help NRIs take informed trading decisions. It also offers loan against securities held in the demat accounts. The GTC and AMO order helps NRIs in placing orders as per their convenience.

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