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 ICICIDirect Vs Zerodha Share Broker Comparison

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

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ICICI Securities Pvt Ltd.

Zerodha

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. Zerodha is a Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage) for trading in India Stock, Commodity and Forex Market. It charges brokerage of 0.01% or Rs 20 per executed order, whichever is lower, irresp... Know more about Zerodha
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE NSE, BSE, MCX-SX and MCX
Account Type 3-in-1 Account (I-Secure Plan)
Broker Enquiry
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Stock Broker Fees / Charges

 ICICIDirectZerodha
Trading Account Opening Fees Rs 975 Rs 300
Trading Account AMC NIL NIL
Demat Account Opening Fees NIL Rs 150
Demat Account AMC Rs 450 Rs 400
Demat Account is Mandatory?
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Trading Brokerage Charges

 ICICIDirectZerodha
Equity Delivery Brokerage 0.55% Rs 20
Equity Intraday Brokerage 0.275% Rs 20
Equity Futures Brokerage 0.05% - 0.03% Rs 20
Equity Options Brokerage Rs 95 - Rs 65 per lot Rs 20
Currency Futures Trading Brokerage 0.050% - 0.030% Rs 20
Currency Options Trading Brokerage Rs 95 - Rs 65 per lot Rs 20
Commodity Trading Brokerage Rs 20
Other Brokerage Charges 0.01% or Rs 20 per executed order, whichever is lower.
Minimum Brokerage Charges Rs 35 per trade or 2.5% of the trade value whichever is lower NIL
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Transaction Charges

 ICICIDirectZerodha
Equity Delivery NSE: 0.0031% | BSE: 0.0035% NSE: 0.00325% | BSE: 0.00325% | MCX-SX: 0.002%
Equity Intraday NSE: 0.0031% | BSE: 0.0035% NSE: 0.00325% | BSE: 0.00325% | MCX-SX: 0.002%
Equity Futures 0.00185% NSE: 0.0021% | BSE: 0.0007% | MCX-SX: 0.0014%
Equity Options 0.05% on Premium NSE: 0.053% | BSE: 0.0025% | SX: 0.027% (on premium)
Currency Futures 0.0013% NSE: 0.00135% | MCX-SX: 0.0013%
Currency Options NSE: 0.044% | MCX-SX: 0.037%
Commodity Non-Agri: 0.0031% | Agri: 0.00175%
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Share Broker Features

 ICICIDirectZerodha
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 NEST
Intraday Square-off Time 3:10 PM
Other Features
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Broker Ratings (Average User Rating)

 ICICIDirectZerodha
  234 Customer Reviews    Rate ICICIDirect 111 Customer Reviews    Rate Zerodha
Fees Ratings 2.4 4.3
Trading Brokerage Rating 1.8 4.7
Trading Platform Usability 3.3 4.0
Customer Service Ratings 2.9 4.2
Overall Ratings Rated 2.5 stars Rated 4.3 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 234 customer reviews Zerodha is Rated 4.3 / 5 based on 111 customer reviews
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Investment Options Available

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

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

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

 ICICIDirectZerodha
Casual Investor
Active Investor
Trader

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Pros, Cons and Other Review Comments

 ICICIDirectZerodha
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 discount broker offering simple flat fee brokerage service.
  • Brokerage is 0.01% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • Offer Fully Automated Trading and Semi-Automated Trading through its plug-in with AmiBroker, the popular Technical Analysis Software.
  • After Market Orders (AMO) can be placed between 6:30 PM to 9:15 AM.
  • Zerodha offers 10% referral credit to its customers.

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...

  • Call and Trade is changed at extra Rs 20 order.
  • Doesn't provide options to invest in IPO, FPO, Mutual Funds, Offer For Sale (OFS), Bond and NCD's.
  • Doesn't provide stock tips or recommendations.
  • No margin funding available.
  • GTC is only available in Commodities.

More Disadvantages...

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