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...
If you are regular trader with high volume, then go for prepaid plan of icicidirect which will help you to bring down your brokerage. I pay 0.03% brokerage in futures. There are certain plans which can bring your brojerage down to 0.02%. But then you will have to pay advance brokerage, and it is beneficial for those who trades in derivatives with high volume.
the most expensive brokerage only for high networth individuals or nris they dont care about small investors ,traders as simple as that
dont go by the convenience of 3 in one account or by icici bank name if u r a small trader investor find a discount broker website hangs whenever high volume trade in nifty ..mostly on opening ,closing thus small traders are stuck with margin positions . it happens so many times it seems planned so called research is useless and mostly off target
Respresentative give fake promise about icici.. he hide so many information, i know when i came to trade.. brokerage is sooo high.. please dont trade in icici.. worst in brokerage.... they will eat all your profit...dont open a/c in ICICI BANK
Brokerage - Very Poor Account Maintenance Fees - Very Poor Website Usability - Average Customer Service - Very Poor Overall Experience - Very Poor
I am a customer of ICICI Direct and ICICI Bank since 5 & 14 years respectively. I am absolutely frustrated with the service provided by ICIC direct and the kind of mindless procedures in place. On 8th April 2014 I contacted my enlisted Relationship Manager to 18th April 2014). To my utter disappointment, I faced the following problems with the relationship manager and till date 29th May 2014 my account has not been converted. My application is now on hold due to some procedural nonsense. (1) RM could not correctly convey the account conversion procedure. It took him several weeks after my arrival in India to find out and relay the documents required for this purpose. (2) The RM does not even have the basic understanding of types of account that are offered to an NRI customer. (3) On multiple occasions, he never came for the appointment at the agreed time. Moreover, I had to call him multiple times to ensure that he arrives for the appointment. (4) I had to call him multiple times for various follow ups. (5) He point blank lied to me that he submitted my application on 22nd April which I later came to know was not the case as my application was not traceable online for over a week. NRI helpdesk had to intervene to get this resolved. (6) I have been told that ICICI direct requires my documents (in foreign language) to be translated to English. I find this utterly stupid as the Indian Immigration allows me to enter the country without translating my visa then why does ICICI require this. Also, Citibank was able to convert my bank account to NRI account without getting the documents translated. I think itís about time you re-evaluate your procedures. (7) Also, I donít understand why you require an Indian address proof for NRI customers. NRIs do not reside in India & itís rare for them to have an Indian address proof. My application is now stuck becaof some document issues & I do not see them getting resolved anytime soon. I am now considering switching over to your competitors. I will also be sharing this feedback online on all possible websites.
this is the worst brokerage that i have encountered. they have many hidden costs which get debited from your account without even a prior notice. dont go for ICICI Direct....unless you have too much money to throw away!! and btw the stock tips they give are anyway useless!!!
Brokerage - Very Poor Account Maintenance Fees - Very Poor Website Usability - Very Poor Customer Service - Very Poor Overall Experience - Very Poor
355.1. K.UMA MAHESHWAR RAO Jul 9, 2014 1:11:42 AM IST |
Very true. Always discrepancy between actual traded price and cash projection (credit/debit).They suck money. Don''t go for it.
I have the account since 10 years. But mostly I Reliance Money due to brokerage charges.
1. For anyone trading high volume, this site is useless, as the brokerage is too high. 2. The menu is too big. 3. Don''t know why they don''t the standard NSE or BSE codes rather than devising their own codes of 6 characters?
no solution margin open positions stuck calling customer care they say its working they dont even acknowledge problem.....totally wrong on icicidrect part ...they charge so much and treat customers badly
348. YOGESH,MOOLYA Mar 4, 2014 3:51:05 PM IST | Reply
PLEASE ALL CUSTOMERS ALWAYS CHECK YOUR BALANCE IN YOUR DEMAT ACCOUNT THERE IS FISHY THINGS HAPPENNING IN ICICI DIRECT.COM
Brokerage - Very Poor Account Maintenance Fees - Average Website Usability - Above Average Customer Service - Below Average Overall Experience - Very Poor
348.1. K.UMA MAHESHWAR RAO Jul 9, 2014 1:17:22 AM IST |
YES IT IS VERY MUCH CORRECT.ICICI IS MOST UNDEPENDABLEAND THEY ARE MENT FOR SUCKING MONEY OF CUSTOMERS.
EXTREMELY HIGH BROKERAGE INTRADAY AS WELL AS DELIVERY EG DELIVERY BROKERAGE COMES TO .75% OR MORE ONCE TAXES AND DUTIES ARE ADDED NIFTY FUTURES BROKERAGE ....INTRADAY IT COMES TO 250-260 PER LOT anyone who trades intraday knows many trades are scrached...or cut near cost 1 2 points above/below COST
so SUCH HIGH BROKERAGE MEANS UR LOSSES WILL EXCEED YOUR PROFIT ALWAYS...
WEBSITE HANGS NO DOUBT ABOUT IT
FOR SOME UNKNOWN REASON THEY PROVIDE 4-5 DIFFRENT INTERFACE A WEBSITE FOR TRADING,THAN THERE IS TRADE RACER WEBSITE ,THAN TRADE RACER APPLICATION... ALL THREE ARE EQUALLY CONFUSING FOR A NEW TRADER.... FOR PROFESSIONALS MIGHT BE USEFUL MOBILE WEBSITE IS WORSE...ALSO A MOBILE APPLICATION
THE LAYOUT OF ALL THREE IS SO DIFFERENT AND CONFUSING....
NO INTRADAY STREAMING CHARTS TO REGULAR CUSTOMERS ...HOW IS ONE SUPPOSED TO TRADE INTRADAY WITHOUT THESE
ONE ADVANTAGE FOR THOSE WISHING TO PLAY BIG IS IT OFFERS VERY HIGH LEVERAGE MEANS U CAN TRADE VERY BIG USING LESS MARGIN
AND OF COURSE SEE YOUR MONEY EVAPORATE
NO SINGLE WAY TO MONITOR ALL YOUR OPEN POSITIONS
CHARTING TOOLS FOR REGULAR CUSTOMERS ARE VERY BAD AND NOT USER FRIENDLY AT ALL THIS IS SOLELY DESIGNED FOR HIGH NET WORTH INDIVIDUALS.... MEANS THOSE TRADING HEAVILY DAILY SAY FEW LAKHS CRORES DAILY THEY ARE RIDING ON SUCESS OF ICICIBANK AS OPENING OF LINKED ACCOUNT AND TRANFERRING MONEY IS EZEE ... ALSO PEOPLE TRUST THE ICICI NAME AND ARE HESITANT TO TRY SMALL ,LESSER KNOWN BROKERS TRADERS WHO R THINKING OF STARTING TRADING ....NEW TO MARKET TRADE ONLY SMALL QUANTITIES INTRADAY...OR INVESTORS WHO WISH TO INVEST IN MARKET NO TRADING ...ALL SHOULD NOT EVEN LOOK IN DIRECTION OF ICICIDIRECT...
Brokerage - Very Poor Account Maintenance Fees - Average Website Usability - Below Average Customer Service - Below Average Overall Experience - Very Poor
346. Ashish Bhat Jan 27, 2014 1:56:28 PM IST | Reply
ICICI sec website is very cluttred. Not easy to do simple actions! Very poorly designed. Customer service is next to non-existent.
Brokerage - Below Average Account Maintenance Fees - Average Website Usability - Very Poor Customer Service - Very Poor Overall Experience - Below Average