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 ICICIDirect Vs Sharekhan Share Broker Comparison

The side-by-side comparison of ICICI Securities Pvt Ltd. and Sharekhan stock brokers in India. The comparison below highlights the similarities and differences between ICICIDirect and Sharekhan'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 Sharekhan.

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ICICI Securities Pvt Ltd.

Sharekhan

About the Broker ICICIdirect is a retail trading and investment service from ICICI Securities, the largest retail stock broker firm in India offering a wide range of investment options to the retail and institutional customers. ICICI Securities is part of ICICI Group... Know more about ICICI Securities Pvt Ltd. Incorporated in February 2000, Sharekhan is India's 2nd largest stock broker providing brokerage services through its online trading website Sharekhan.com and 1950 Share shops which includes branches & Franchises in more than 575 cities across India.... Know more about Sharekhan
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE BSE, NSE, MCX, NCDEX, NSEL
Account Type 3-in-1 Account (I-Secure Plan) Classic Account
Broker Enquiry
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Stock Broker Fees / Charges

 ICICIDirectSharekhan
Trading Account Opening Fees Rs 975 Rs 750
Trading Account AMC NIL Rs 400
Demat Account Opening Fees NIL Rs 0
Demat Account AMC Rs 450 Rs 400
Demat Account is Mandatory?
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Trading Brokerage Charges

 ICICIDirectSharekhan
Equity Delivery Brokerage 0.55% 0.50%
Equity Intraday Brokerage 0.275% 0.20%
Equity Futures Brokerage 0.05% - 0.03% 0.10%
Equity Options Brokerage Rs 95 - Rs 65 per lot Rs. 100/- per lot or 2.5% on premium (which ever is higher)
Currency Futures Trading Brokerage 0.050% - 0.030%
Currency Options Trading Brokerage Rs 95 - Rs 65 per lot
Commodity Trading Brokerage NA
Other Brokerage Charges
Minimum Brokerage Charges Rs 35 per trade 10 paise per share
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Transaction Charges

 ICICIDirectSharekhan
Equity Delivery NSE: 0.0031% | BSE: 0.0035% 0.125%
Equity Intraday NSE: 0.0031% | BSE: 0.0035% 0.025%
Equity Futures 0.00185% 0.017%
Equity Options 0.05% on Premium 0.017%
Currency Futures 0.0013%
Currency Options
Commodity NA
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Share Broker Features

 ICICIDirectSharekhan
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 Trade Racer TradeTiger
Intraday Square-off Time 3:30 PM
Other Features
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Broker Ratings (Average User Rating)

 ICICIDirectSharekhan
  239 Customer Reviews    Rate ICICIDirect 157 Customer Reviews    Rate Sharekhan
Fees Ratings 2.3 3.2
Trading Brokerage Rating 1.8 3.1
Trading Platform Usability 3.3 3.9
Customer Service Ratings 2.9 3.6
Overall Ratings Rated 2.5 stars Rated 3.6 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 239 customer reviews Sharekhan is Rated 3.6 / 5 based on 157 customer reviews
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Investment Options Available

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

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

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

 ICICIDirectSharekhan
Casual Investor
Active Investor
Trader

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Pros, Cons and Other Review Comments

 ICICIDirectSharekhan
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...

  • It has a strong network of over 1950 branches across India.
  • The fund transfer from and to the trading account is free.
  • The share transfer from and to the DP account is free when trading from Sharekhan trading account.
  • The 'TradeTiger' is the most popular trading terminal in India.
  • Brokerage Plan "Prepaid AMC schemes" are available for high volume traders.

More Advantages...

Cons
  • ICICI Security charges highest brokerage in comparison to most of the retail brokers in India.
  • 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.
  • Trading Terminal (Trade Racer) cost Rs 75 per month if brokerage paid in a month is less then Rs 750.
  • Demat Account is mandatory.
  • Commodity trading is not available for retail investors.

More Disadvantages...

  • Sharekhan doesn’t offer 3-in-1 account as it doesn’t offer banking services.
  • Sharekhan brokerage is high in comparison to the discount brokers.
  • Sharekhan charges Rs 400 as AMC for trading account in addition to Rs 400 for demat account.

More Disadvantages...

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