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 ICICIDirect Vs Compositedge Share Broker Comparison

The side-by-side comparison of ICICI Securities Pvt Ltd. and Composite Investments Pvt Ltd stock brokers in India. The comparison below highlights the similarities and differences between ICICIDirect and Compositedge's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among ICICIDirect and Compositedge.

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ICICI Securities Pvt Ltd.

Composite Investments Pvt Ltd

About the Broker ICICIdirect is an online trading and investment platform on ICICI Securities, the largest stock broker firm in India providing a wide range of investment options to the retail and institutional customers. ICICI Securities is part of ICICI Group, Indi... Know more about ICICI Securities Pvt Ltd. Incorporated in 1995, Composite Investments Pvt. Ltd. is a Bangalore based stock trading brokerage firm providing 'Flat Fee Stock Trading' services through its online stock trading website compositedge.com Company charges fixed price brokerage of ... Know more about Composite Investments Pvt Ltd
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE BSE, NSE, MCX
Account Type 3-in-1 Account (I-Secure Plan)
Broker Enquiry
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Stock Broker Fees / Charges

 ICICIDirectCompositedge
Trading Account Opening Fees Rs 975 Rs 300
Trading Account AMC NIL NIL
Demat Account Opening Fees NIL Rs 100
Demat Account AMC Rs 450 Rs 300
Demat Account is Mandatory?
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Trading Brokerage Charges

 ICICIDirectCompositedge
Equity Delivery Brokerage 0.55% Rs 25 to Rs 15
Equity Intraday Brokerage 0.275% Rs 25 to Rs 15
Equity Futures Brokerage 0.05% - 0.03% Rs 25 to Rs 15
Equity Options Brokerage Rs 95 - Rs 65 per lot Rs 25 to Rs 15
Currency Futures Trading Brokerage 0.050% - 0.030%
Currency Options Trading Brokerage Rs 95 - Rs 65 per lot
Commodity Trading Brokerage
Other Brokerage Charges Brokerage is Rs 25 to Rs 15 per executed order or 0.006% whichever is lower
Minimum Brokerage Charges Rs 35 per trade or 2.5% of the trade value whichever is lower
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Transaction Charges

 ICICIDirectCompositedge
Equity Delivery NSE: 0.0031% | BSE: 0.0035% 0.00375%
Equity Intraday NSE: 0.0031% | BSE: 0.0035% 0.00375%
Equity Futures 0.00185% 0.00375%
Equity Options 0.05% on Premium 0.075% (on premium)
Currency Futures 0.0013% 0.003%
Currency Options 0.07%(Only on premium)
Commodity 0.00375%
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Share Broker Features

 ICICIDirectCompositedge
3 in 1 Account
Mobile Trading
Charting
Automated Trading
After Trading Hour Orders
Good Till Cancelled (GTC)
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Trading Platform
Intraday Square-off Time
Other Features
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Broker Ratings (Average User Rating)

 ICICIDirectCompositedge
  232 Customer Reviews    Rate ICICIDirect 8 Customer Reviews    Rate Compositedge
Fees Ratings 2.4 4.1
Trading Brokerage Rating 1.8 4.6
Trading Platform Usability 3.3 4.0
Customer Service Ratings 2.9 4.0
Overall Ratings Rated 2.5 stars Rated 4.0 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 232 customer reviews Compositedge is Rated 4.0 / 5 based on 8 customer reviews
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Investment Options Available

 ICICIDirectCompositedge
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options
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Customer Service Offered

 ICICIDirectCompositedge
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
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Research / Tips / Reports Published

 ICICIDirectCompositedge
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts
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Suitable for Investor Category

 ICICIDirectCompositedge
Casual Investor
Active Investor
Trader

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Pros, Cons and Other Review Comments

 ICICIDirectCompositedge
Pros
  • Offers 3-in-1 account which makes stock market investment very easy for casual investors.
  • Wide range of investment options available under one portal.
  • Provides a low bandwidth website which works well where internet connection is slow.
  • GTC (good till cancellation) and off-market hours order placement facility is very useful.

More Advantages...

  • The cheapest flat fee discount broker in India.
  • Compositedge has its own DP which makes the demit transaction little cheaper than other discount brokers.
  • Customer support though Google Chat and Yahoo Chat is available.
  • Composite Investment also offers 'Fully Automated Trading (Algo Trading)'.

More Advantages...

Cons
  • ICICI Security charges high brokerage in comparison to most of the brokers.
  • Very high 'minimum brokerage' of Rs 35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hours of trading.

More Disadvantages...

  • Though Composite Investment is in the broking business for 15 years, they are new in the discount brokerage field as they launch these services in mid 2012.
  • Doesn't provide options to invest in IPO's, Mutual Funds, Bonds and NCD's.
  • Doesn't provide stock tips or recommendations.
  • AMO orders (After Hours Orders) can only be placed from 6.00 pm to 8.30 am on weekdays

More Disadvantages...

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