ICICIDirect Stock Trading, Demat, Brokerage and Reviews

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ICICI Securities Pvt Ltd.

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.

ICICIDirect Stock Broker Review Ratings

272 votes  Rate ICICIDirect

Overall Rating Fees Brokerage Usability Customer Service
Rated 2.5 stars Rated 2.4 stars Rated 1.8 stars Rated 3.3 stars Rated 2.8 stars
180. RAVI KANT SINGH  Jul 10, 2009 5:19:20 PM IST Reply
Dear icicidirect team,
i have open Dmate a/c two year back but till now i have not done any trading. but now i want to do trading.
please guide me how to buy share or how 2 invest in mutual fund. what are the thing that i have to takcare while purchasing online share. give detail description of Cash Trading, Margin Trading, MarginPLUS Trading, Spot Trading, Buy Today Sell Tomorrow.
After purchasing how i will get confirm that the particular share which i have booked is sold to me.
And how i can sell the share. plz. reply as soon as possible
179. Raja  Jun 28, 2009 5:29:09 PM IST Reply
I purchased SBI Equity three years before, now i like to switch that fund to SBI Contra fund. So i like to know How many time can i switch the Funds in ICICIDirect.

Pls tell if there any charges and free chances.

Thanks in advance.
178. Prem Prakash  Jun 28, 2009 11:23:53 AM IST Reply
they deducted my 110 Rs. frm my account when i took the statement of my previous year bank balance amount.

177. ayush pradhan  Jun 26, 2009 11:43:53 AM IST Reply
Please advise the total charges for opening a 3-in-one account.
What is the minimum opening balance & to maintain it monthly or quarterly
176. RANGARAJAN A L  Jun 25, 2009 5:11:06 PM IST Reply

Every other trading services have the problem of hanging or going slow. As for as ICICIDIRECT they are the only ones with their own original software - Now they have come up with charting facilities. I have been a memeber since 2004 - and found no problem. Somebody spoke first 15 minutes - Believe me the first half an hour is only for novices.
175. kailash sharma  Jun 23, 2009 1:16:34 PM IST Reply
I have opened a Demat account almost 2 month later but my login id not working.i have submited to get another one with that i can start Tradint.Uniil no any responce not done.Pls. do necessary action early.
kailash sharma
174. JAIRAM PANDIT  Jun 13, 2009 10:46:41 AM IST Reply
To The Manager, ICICI Bank Limited,
Demat Service.

Sub: Clarification about Bill No. CAL/871192, Dt- 01.06.2009

I should like to draw your kind attention about followings-

Bill No. CAL/871192, Dt- 01.06.2009, Billing Period- 01 May, 09 to 31 May, 09 , Payment Mode- Direct Debit, Due date- 25.06.2009, AMC Charges for the period of May 09 to April 10- Rs. 500.00 and Service Tax Rs. 51.50, total amount Rs. 551.50, that I have received on 11.06.09 by post.

I should like to know about the term & conditions and your services.

1.      Your bank had not sent me the paper/format in which can be submitted my all share certificates for dematerialized and online trading.
2.      Even I have reached in the ICICI Bank branches for getting the above paper/format as instructions was given to me through telephonic by your customer care, but, the branches of ICICI are always refused my request and now position is, my all share certificates are not submitted to your bank till date for dematerialized, now how can I make any trade of shares, buy and sell are totally stopped.
3.      Still you are charging Rs.551.50 but, my out-put are O about two years past but my problems not been rectified, how ?

Please, would you like to state about the above charges, and can you send me the valid format for dematerialization my share certificates. If so, then I shall be thankful to you. Hope, you will provide me a better service.
Thanking you.

Yours faithfully.
NTPC Limited, Farakka, W.B.
(A Govt. Enterprise of India)
Contact no. 09474557943, Off. 03485 226214, Res. 03512 225057

173. Satya Kumar  Jun 4, 2009 12:22:36 PM IST Reply

I am Kumar working for Satyam Computers Chennai. I am in a need of 2lakhs for my personal. Can anyone suggest me from where I can get the debit except banks.
172. B RAJASEKAR  May 20, 2009 6:47:19 PM IST Reply
demat acct no-40776726,match id-8500455386
my demat is closed since aug 07.though i submitted KYC FORMS and also visted the icici br including phone banking but could not activate my acct nor update my correspondence address.request update my address as per SB acct record and convert the mutual funds into physicalform and deliver at my a/m address. this is my last hope.
171. Amit Agnihotri  May 19, 2009 3:24:00 AM IST Reply
1.      Good portfolio management.
2.      Good Design of the website.
3.      Good integrity with bank account.
1.      They do not provide Relationship manager.
2.      It has the maximum brokerage rates in India.
3.      Brokerage Rates are not negotiable.
4.      Very slow website. It takes long even crashes in opening and closing times. Well it happens anytime in the day.
5.      They dont provide Trading terminal.
6.      You cannot buy and sell stocks bought in cash in the same day as other brokers provide.
7.      When one sells Cash delivery position, it does not count that as intraday trade as other brokers provide. It could help when stocks go down after you sell and you can cover for a good profit and to sell later.
8.      Well it takes only ICICI account which is a drawback.
9.      No live charts or any analysis.
10.      Virtually stops when there is any high risk trading goes on.
11.      You may get exception like bea.jolt.ServiceException & slow response of site when you want it most. They say sorry and you are Fu&*ed.

170. sivalingaiah  May 18, 2009 8:20:02 PM IST Reply
I i am sivalingaiah, i have been trading in many companies from past 3 yrs of my trading experience in Equity, Commodities. i have changes many companies, who gives wronge promises, from last 6 months i am trading in a company, who gives good exposure, good software,mobiles alerts for buy/sell, and great thing is 1paise brokerage on no demand which icici 0balance account opening.
if any body got wex in your trading company, i simply suggest the company where i am trading.
thank you.
169. Gitartha  May 13, 2009 9:36:55 PM IST Reply
Please don't open account in ICICI DIRECT BECAUSE it is too slow during market hours, and brokerage is tooo highhhh . and it sometimes hang when you pick a share in intraday when one recommend you to buy . you loose money if one open a/c in ICICI. eg : as said by Akshay. One can open demate a/c in Indiainfoline . it has Trader terminal for high volume day traders very fast and reliable and brokerage is .05 pisa in intraday and around .40 paisa to .50 paisa in delevery. I am now closing icici demate and switch to indiainfoline.
168. HEMANT VASANT KADU  May 10, 2009 1:41:11 PM IST Reply
Please advise the total charges for opening a 3-in-one account.
What is the minimum opening balance & to maintain it monthly or quarterly.
167. SUSHIL ARYA  May 8, 2009 4:34:26 PM IST Reply
166. BABU  May 6, 2009 7:05:55 PM IST Reply
Do not open account in ICICI security. If you purchase as 1 share of rupess 10. then you have to pay minimum 15 rupees brokerage for that. see 10 is the share rate and 16 is brokerage. As My bad experince with ICICI, I have found, its hard to login. If you are a intra day trader, You should forget your money. Very worst service. Only benifit is we have SB account with them for every demat accounts.

Go for Geojit, sharekhan or any one but don't go for icici
165. Ravindra  May 6, 2009 10:06:23 AM IST Reply
Do not open demat account in ICICI if you are NRI. Very creepy service.

Even i am struggling to close the account after getting fed up after opening and operating it.
164. Pratik Parkhi  May 2, 2009 4:24:21 PM IST Reply
I come to know from your site that 3 accounts are required to be open for online trading..i have applied for ICICI demat and trading account opening..i do not want to open saving account with icici bcoz i already have salary account with icici bank ...will that be enough for trading or i will have to open saving account?PLs revert ASAP..
163. PRAN  Apr 15, 2009 11:27:40 AM IST Reply
the server of ICICIDirect is too slow,when ever you want the quote it always says the server is too busy and it starts trading(margin trading) from 10:00 am which is too much irritating.
162. Srinivas Kassa  Mar 28, 2009 11:50:47 AM IST Reply
I would like to know the difference between transaction charges and brokerage charges....

And also current charges of buy and sell the shares...
161. Akshay  Mar 27, 2009 8:08:54 PM IST Reply
Pathetic service. I would suggest to go for India infoline or Motilal Oswal if you have any thoughts of getting into DEMAT account. Dont merely go for ICICI direct by looking at its tag name. Moreover the brokerage that they charge is highest among its competitors, & it will never make you feel that you have achieved value for your money.

Firstly its not easy to get Login id & pwd. Thanks to my consistent hardwork, that i was able to manage id & pwd after marathon effort for 3 months.

Would like to give you an example:-

I cudnt buy SATYAM shares when stock was @ Rs.9-Rs.11, the site responded so slowly that it was immovable. So, i had to be dependent on others for a stock purchase inspite of having a DEMAT account. Now i have understood that during lows & highs of market you cant extract the max. benefit with ICICI Direct.

Bottom Line:- Dont go for ICICI Direct, even it remains the last demat service provider on earth.

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