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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.

  ICICI Securities Pvt Ltd. Zerodha
 
ICICI Securities Pvt Ltd. Logo Zerodha Logo
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. Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage) for trading in Stock, Commodity and Currency Derivative. It charges brokerage of 0.01% or Rs 20 per executed order, wh... Know more about Zerodha
Type of Broker What is this parameter? Full Service Broker Discount Broker
Supported Exchnage What is this parameter? BSE, NSE NSE, BSE, MCX and NCDEX
Account Type What is this parameter? 3-in-1 Account (I-Secure Plan) Standard Plan
Broker Enquiry Open an Online Trading Account with ICICIDirect. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Zerodha. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  ICICI Securities Pvt Ltd. Zerodha
Trading Account Opening Fees What is this parameter? Rs 975 ₹300
Trading Account AMC What is this parameter? NIL ₹0 (Free)
Demat Account Opening Fees What is this parameter? NIL ₹100
Demat Account AMC What is this parameter? Rs 600 ₹300
Demat Account is Mandatory? What is this parameter? No No
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Trading Brokerage Charges

Brokerage Plan 1

  ICICI Securities Pvt Ltd. Zerodha
Account Type 3-in-1 Account (I-Secure Plan) Standard Plan
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.55% ₹0 (Free)
Equity Intraday Brokerage What is this parameter? 0.275% ₹20 per trade
Equity Futures Brokerage What is this parameter? 0.05% to 0.03% ₹20 per trade
Equity Options Brokerage What is this parameter? Rs 95 to Rs 35 per lot ₹20 per trade
Currency Futures Trading Brokerage What is this parameter? 0.050% to 0.030% ₹20 per trade
Currency Options Trading Brokerage What is this parameter? Rs 25 to Rs 10 per lot ₹20 per trade
Commodity Trading Brokerage What is this parameter? NA ₹20 per trade

Brokerage Plan 2

  ICICI Securities Pvt Ltd. Zerodha
Account Type I-Saver Plan Standard Plan
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.75% to 0.25% ₹0 (Free)
Equity Intraday Brokerage What is this parameter? 0.75% to 0.25% ₹20 per trade
Equity Futures Brokerage What is this parameter? 0.05% to 0.03% ₹20 per trade
Equity Options Brokerage What is this parameter? Rs 95 to Rs 65 per lot ₹20 per trade
Currency Futures Trading Brokerage What is this parameter? 0.05% to 0.03% ₹20 per trade
Currency Options Trading Brokerage What is this parameter? Rs 95 to Rs 65 per lot ₹20 per trade
Commodity Trading Brokerage What is this parameter? NA ₹20 per trade

Other Charges

Minimum Brokerage Charges What is this parameter? Rs 35 per trade Rs 0
Other Brokerage Charges What is this parameter? 0.01% or Rs 20 per executed order, whichever is lower.
Call & Trade Charges What is this parameter? ₹20 per executed order
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Taxes

  ICICI Securities Pvt Ltd. Zerodha
Securities Transaction Tax (STT) What is this parameter?
  • 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)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • 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)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges What is this parameter? Check table below Check table below
SEBI Charges What is this parameter? Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) What is this parameter? 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty What is this parameter? Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  ICICI Securities Pvt Ltd. Zerodha
Equity Delivery What is this parameter? NSE: 0.0031% | BSE: 0.0028% NSE ₹325 per crore | BSE ₹1 per trade (each side)
Equity Intraday What is this parameter? NSE: 0.0031% | BSE: 0.0028% NSE ₹325 per crore | BSE ₹1 per trade (each side)
Equity Futures What is this parameter? 0.0018% NSE ₹210 per crore | BSE ₹1 per trade (each side)
Equity Options What is this parameter? 0.05% on Premium NSE ₹5300 per crore | BSE ₹1 per trade (each side)
Currency Futures What is this parameter? 0.0012% NSE ₹135 per crore (0.00135%)
Currency Options What is this parameter? 0.05% on Premium NSE ₹4400 (on premium) per crore (0.044%)
Commodity What is this parameter? NA Non-Agri ₹360 (0.0036%) | Agri ₹275 per Crore
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Exposure

  ICICI Securities Pvt Ltd. Zerodha
Equity Delivery What is this parameter? 1x (no margin)
Equity Intraday What is this parameter? Up to 20x (based on the stock)
Equity Futures What is this parameter? Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options What is this parameter? Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures What is this parameter? Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options What is this parameter? Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity What is this parameter? Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span
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Share Broker Features

  ICICI Securities Pvt Ltd. Zerodha
3 in 1 Account What is this parameter? Yes No
Mobile Trading What is this parameter? Yes Yes
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? No Yes
After Trading Hour Orders What is this parameter? Yes Yes
Good Till Cancelled (GTC) What is this parameter? Yes No
SMS Alerts What is this parameter? No No
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? Yes No
Margin Trading Funding Available What is this parameter? No No
Combined Ledger for Equity and Commodity What is this parameter? No
Trading Platform What is this parameter? Trade Racer Pi, Kite, NEST
Intraday Square-off Time What is this parameter? 3:10 PM
Other Features What is this parameter?
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Broker Ratings (Average User Rating)

  ICICI Securities Pvt Ltd. Zerodha
  348 Customer Reviews    Rate ICICIDirect 246 Customer Reviews    Rate Zerodha
Fees Ratings 2.3 4.0
Trading Brokerage Rating 1.8 4.5
Trading Platform Usability 3.4 3.7
Customer Service Ratings 2.8 3.8
Overall Ratings Rated 2.4 stars Rated 4.0 stars
Broker Rating ICICIDirect is Rated 2.4 / 5 based on 348 customer reviews Zerodha is Rated 4.0 / 5 based on 246 customer reviews
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Contact Broker / Request A Call Back

  ICICI Securities Pvt Ltd. Zerodha
Contact / Request Call Back
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Investment Options Available

  ICICI Securities Pvt Ltd. Zerodha
Stock / Equity What is this parameter? Yes Yes
Commodity What is this parameter? No Yes
Currency What is this parameter? Yes Yes
Initial Public Offers (IPO) What is this parameter? Yes No
Mutual Funds What is this parameter? Yes Yes
Bond / NCD What is this parameter? Yes No
Debt What is this parameter? Yes No
Other Investment Options What is this parameter?
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Customer Service Offered

  ICICI Securities Pvt Ltd. Zerodha
24/7 Customer Service What is this parameter? No No
Email Support What is this parameter? Yes Yes
Onine Live Chat What is this parameter? No No
Phone Support What is this parameter? Yes Yes
Toll Free Number What is this parameter? No No
Through Branches What is this parameter? Yes No
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Research / Tips / Reports Published

  ICICI Securities Pvt Ltd. Zerodha
Daily Market Report What is this parameter? Yes No
Free Tips What is this parameter? Yes No
Quarterly Result Analysis What is this parameter? Yes No
News Alerts What is this parameter? Yes No
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Suitable for Investor Category

  ICICI Securities Pvt Ltd. Zerodha
Casual Investor What is this parameter? Yes
Active Investor What is this parameter? Yes
Trader What is this parameter? Yes

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Pros, Cons and Other Review Comments

  ICICI Securities Pvt Ltd. Zerodha
Pros What is this parameter?
  • 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...

  • Zerodha offer equity delivery trades for free.
  • 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.
  • Unlike most discount broker, Zerodha has its own DP services which are cheaper.

More Advantages...

Cons What is this parameter?
  • 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.
  • Call & trade cost extra Rs 25 per call after first 20 free calls in a month.

More Disadvantages...

  • Zerodha doesn't offer currency derivatives trading at BSE.
  • Call & Trade is charged at extra Rs 20 order.
  • Doesn't provide options to invest in IPO, FPO, Offer For Sale (OFS), Bond and NCD's.
  • Doesn't provide stock tips or recommendations.
  • No margin funding available.
  • Good Till Cancelled (GTC) is only available in Commodities. GTC is not available in Equity.

More Disadvantages...

Reviews What is this parameter? Useful Articles about Zerodha:
Promo / Offers What is this parameter?
Zerodha Discount

Rs 100 Off on Online Account Opening

Get Rs 100 discount when you open online trading account with Zerodha. Simply leave your contact information with us and Zerodha representatives will call you.

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