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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.


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 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

Stock Broker Fees / Charges

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?

Trading Brokerage Charges

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 NA Rs 20
Other Brokerage Charges 0.01% or Rs 20 per executed order, whichever is lower.
Minimum Brokerage Charges Rs 35 per trade NIL

Transaction Charges

Equity Delivery NSE: 0.0031% | BSE: 0.0035% NSE: 0.00325% | BSE: 0.00275% | MCX-SX: 0.002%
Equity Intraday NSE: 0.0031% | BSE: 0.0035% NSE: 0.00325% | BSE: 0.00275% | 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: 0.0027% | SX: 0.027% (on premium)
Currency Futures 0.0013% NSE: 0.00135% | MCX-SX: 0.0013%
Currency Options 0.05% on Premium NSE: 0.044% | MCX-SX: 0.037%
Commodity NA Non-Agri: 0.0031% | Agri: 0.00175%

Share Broker Features

3 in 1 Account
Mobile Trading
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 NEST
Intraday Square-off Time 3:10 PM
Other Features

Broker Ratings (Average User Rating)

  258 Customer Reviews    Rate ICICIDirect 128 Customer Reviews    Rate Zerodha
Fees Ratings 2.4 4.3
Trading Brokerage Rating 1.8 4.6
Trading Platform Usability 3.3 3.9
Customer Service Ratings 2.9 4.1
Overall Ratings Rated 2.5 stars Rated 4.2 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 258 customer reviews Zerodha is Rated 4.2 / 5 based on 128 customer reviews

Contact Broker / Request A Call Back

 ICICIDirect - Contact FormZerodha - Contact Form
Contact / Request Call Back
Your Name:
Phone #:
City Name:
Are you a day trader?
Your Name:
Phone #:
City Name:
Are you a day trader?

Investment Options Available

Stock / Equity
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Other Investment Options

Customer Service Offered

24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches

Research / Tips / Reports Published

Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Suitable for Investor Category

Casual Investor
Active Investor


Pros, Cons and Other Review Comments

  • 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...

  • 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...

  • Call and Trade is charged 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...

Reviews Useful Articles about Zerodha:
Promotions / Offers

Special offer for Visitors
Get Rs 100 discount when you open a Zerodha Trading Account through us. Simply leave your contact information with us and Zerodha representatives will call you.

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