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...
As per one Mr Charan Kumar,Customer Service Officer,ICICI Securities "As per brokerage plan The minimum value of the order that would be accepted would be Rs. 200/- and the minimum brokerage would be Rs. 75/- per trade. The minimum brokerage is Rs.75/- or 2.5% of the trade value whichever is lower"
I am using icicidirect for last >8 years. well designed and navigation features are user friendly.
Ratings:
Brokerage - Above Average Account Maintenance Fees - Above Average Website Usability - Excellent Customer Service - Above Average Overall Experience - Above Average
Hi Samir as you are ready to help then please suggest which is reliable & cheap
298. RAVI RANJAN PRASAD Oct 06, 2012 4:17:02 PM IST | Reply
Be careful while opening a broking account with ICICI Direct, Their I-Saver plan should be avoided by beginner who can not have more than Rs 25 lakh quarterly value of shares traded as they charges hefty 0.75 per cent brokerage. Also if one trades for less than Rs 4500/- worth of shares they are charged even higher. Even their I Secure trading account option where brokerage is 0.55 per cent, if you don''t trade for at least Rs 6500/- he is charged brokerage at more than 0.55 per cent
ICICI Direct has the highest fees with the worst customer service possible. Just to change the address (which was wrongly entered by them), it took 3 weeks of continuous followup.
No value for money for the high fees. Highly arrogant staff.
Better avoid them & go to any other full service broking company.
I am doing share trading with icici securities from last one year,if any body need any information regarding brokerage or any kind of inquiry i will help you,coz i paid 7 lakh rs brokerage in 8 month, I know each and every point of brokerage.
samir
296.1. Sash Oct 03, 2012 6:09:25 AM IST |
Hello,
BreakEven is not possible in ICICI tradings plus it cannot be converted to Investment, unlike ShareKhan & AngelBroking. I till now understood, Margin Plus and Future Plus marign percentage. Can anyone explain ?
I consider it is not worth for Investment and Trading both, correct me if I am wrong. (Due to brokerage upto 2.5%)
296.2. Mohinder Singh Nov 14, 2012 10:44:01 AM IST |
Hello Samir,
Look forward to knowing more tips on trading efficiently with ICICIDirect Securities site as have experienced high brokerage cost in Future Options Trading as was not aware that low volume trades invite higher charges. Also in Equity shares confused about varying rate of charges for Cash Buy, BTST, Margin Trade. So which way is the best?
plz. Decrease your brokrage immidiate. If not, your condition going like nokia in mobile market. Nokia's almost over 50% customer going to other companies. Becaandroid & price issue. & your customer going beca high brokrage. I am your mad customer. Becai am waiting to decrease your brokrage rate from past 6 year's
Being novice in investments and share markets I have never faced problems i investing. In my view the A/c maint fees or brokerage does not matter if the online transaction is user friendly and smooth as in ICICI DIRECT. Finality as the name implies it is really "DIRECT".
Ratings:
Brokerage - Average Account Maintenance Fees - Average Website Usability - Excellent Customer Service - Excellent Overall Experience - Excellent
ICICI DIRECT is very good trading terminal for new as well as old customer.I am using its Trade Racer software for long,and satisfy with it.Though people say brokerage is high but you are getting fast and timely execution.If you are earning Rs.1000/day why you are crying for brokerage of Rs.100.You are getting 900 profit without dropping sweat.And its safe as providing 3in1 account.People dont bother about how to trade in profit side and scream about brokerage.
293.1. imran khan Nov 16, 2012 1:58:41 PM IST |
you need to pay brokerage whether it is profit or loss, right? how do you guarantee there is going to be profit and brokerage need not be a concern? Is there some guaranteed mechanism to make profit?
293.2. Amit Dec 08, 2012 11:24:57 PM IST |
Irfan, you are right with profit trades. But I am pretty confident you can get similar or better service at much less cost elsewhere. The competition among brokerage services is very high, so getting better for less is not a problem.
There is a big problem with Dividend Given By the Company.Dividend Not Deposited in my account since inception except Tata Steel.RM''S Name is disappear From my Data.Nobody given proper Responce Regarding this Evevthough after lotof complain.I am going to close my demat account from ICICI Bank.
Maintenance fee is very high in comparision to others. Brockerage is also very very high in comparision to others. Website usability is not comfortable, one has to nevigate here and there. Customer service is not so good but satisfactory. Overall experience is very poor due to some hidden costs also. overall very poor
Ratings:
Brokerage - Very Poor Account Maintenance Fees - Very Poor Website Usability - Average Customer Service - Average Overall Experience - Very Poor
the brokerage is highest. If i buy or shell less than 6000 rupee equity . they charge 35 rupee as brokerage (flat) without informing the client. if u brought 2000 rupee equity they will charge 35 rupee which is highest among all brokerage. in any trade they usally take 2% profit when other broker take .5%. So a account opening is not a profitable deal with them. so i want to shift my account.
290.1. Satish Kumar Apr 12, 2013 2:31:02 PM IST |
After getting fed up with the high brokerage of ICICI DIRECT, I switched over to some very attractive brokers. But the truth is that KE SABHI JAANTEY HAIN KE ICICI DIRECT WALE KITNE BURE HAIN, LEKIN JAB DOOSRON KO AAJMAOGE TAB PATA CHALTA HAI KE UNKI BURAYION KI TO KOI SEEMA HI NAHI HAI. KAASH ICICI DIRECT WALE KUCH BROKERAGE KAM KER DETE TO KITNA ACHHA HOTA AUR AISA UNKO KARNA HI PADEGA, HAVE PATIENCE.
289. Devendra Jul 09, 2012 11:22:35 PM IST | Reply
Hi, Does ICICI charges different brokerage for NSE and BSE. I bought share in BSE of 5280 rupees and they charged me 317 Rs. Also I bought shares in NSE of 50k and they charged me 376 rupees.
They are one of the large brokerage house in India but they should understand that they can only survive if their clients are getting some profit as well from their trades. May be good for investment..but for trading its a nightmare broker with high brokerage charges. After being associated for years with ICICI I would not suggest anyone for trading purpose.
Ratings:
Brokerage - Very Poor Account Maintenance Fees - Very Poor Website Usability - Average Customer Service - Average Overall Experience - Very Poor
HI, M NEW IN SHARE TRADING. CAN ANYONE GIVE ME SOME IDEA / CLUE AS TO HOW TO START WITH IT N WAT R THE BROKERAGE CHARGES. PL GUIDE ME AS TO AT WHAT PRICE I SHOULD BE SELLING THE SHARE PURCHASED LIKE THE POFIT PERCENTAGE AFTER CONSIDERING THE BROKERAGE CHARGES. FOR EG IF I BUY A SHARE OF BHEL @ 210 AT WAT MINIMUM PRICE I SHOULD BE SELLING IT
286. ANIL CHHABRA May 16, 2012 7:13:30 PM IST | Reply
VERY BAD EXPERIANCE.WILL NEVER GO WITH ICICI DIRECT.BROKERAGE IS VERY HIGH. SERVICE IS POOR.THERE IS NO ONE TO HELP THE CUSTOMER.NEVER PICK THE CUSTOMER PHONE.OVERALL EXPERIANCE IS VERY POOR.-ANIL CHHABRA
285. Mahesh Chand Sharma May 02, 2012 5:14:11 PM IST | Reply
Never go for ICICIdirect as service is too bad. I am trying custmer care as well as personal numbers but NO responce made by any officer since last Two Month to meet & clear my problem.
ICICI direct has highest brokerage, abnormally high annual charges with very basic features. Other than these basic problems the biggest problem is the frequent technical snags when the website becomes unavailable.
Closing an account with ICICIdirect also is a time consuming affair. It involved 3 or 4 visits to ICICIdirect office and ICICI Bank, which is quite inconvenient for a person working in some concern. Unfortunately like all ICICI group companies ICICIdirect is only intersted in making profits without bothering to provide proper services.
An averge trader just cannot exit any trade profitably as icici Direct heavy brokerage charges eats into most of earned profits thus eroding your account at end of the trade.
Ratings:
Brokerage - Very Poor Account Maintenance Fees - Very Poor Website Usability - Below Average Customer Service - Average Overall Experience - Very Poor
282. ankur malik Mar 02, 2012 4:56:04 PM IST | Reply
very covinient but expensive. market watch provide for live quotes is very slow. only because of its convinience i have still retained the account.
Ratings:
Brokerage - Very Poor Account Maintenance Fees - Very Poor Website Usability - Excellent Customer Service - Average Overall Experience - Average
Sharekhan
