ICICIdirect - I-Secure Plan Review

Published on Monday, November 26, 2018 by Chittorgarh.com Team | Modified on Tuesday, April 19, 2022

ICICI's I-Secure Plan offers Flat Brokerage (in %) irrespective of turnover value. This plan is suitable for traders / investors looking at secured and fixed brokerage.

Some unique brokerage plans, products, and features of ICICIdirect:

• Minimum Brokerage: ICICIdirect minimum brokerage charges is Rs 35 per trade or 2.5% of the trade value whichever is lower. The minimum brokerage on stocks priced up to Rs 10 is Rs 0.05 per share or Rs 35, whichever is higher.

  ICICIdirect I-Secure Plan Minimum Brokerage

  Product	Criteria	Brokerage Charges
  Cash Equity	Transaction upto Rs 6364 for stocks quoting more than Rs 10 per share	Rs.35 per trade or 0.75% whichever is lower
  Cash Equity	For stocks quoting less than Rs 10 per share	Rs 0.05 per share or Rs 35 whichever is higher (capped to maximum of Rs 0.25 per share)
  Systematic Equity Plan (SEP)	Transactions up to Rs 2727	Rs 15 or 0.75% whichever is lower
  Margin and Margin Plus	Transactions up to Rs 50,000	Rs 25 or 2.5% whichever is lower

• 'Margin' and 'Margin Plus' are designed for intraday customers who want to benefit from the upward/downward movement of a stock in a day.

  In a Margin Product, intraday traders only need to pay the margin amount instead of the entire trade value. The margin percentage differs for every stock and is predetermined by the exchange.

  In Margin Product, ICICIdirect offers two modes - (i) Margin broker mode (Margin buy/sell) and (ii) Margin Trading Funding (MTF).

  Margin broker mode ( Margin buy/sell) is an exclusive product designed for intraday traders who wish to buy and sell shares on margin. You can buy and sell shares and square off your positions on the same day. You can avail the margin by paying a small initial margin or even leverage the shares as a margin facility wherein you can use your shares as collateral to get the margin amount.

  With Margin Trading Funding (MTF), you need to pay only a part of the total investment amount and get funding for the remaining amount. You get 365 days to repay the margin amount. The MTF enhances your investment capacity and allows you to take larger positions by investing a small amount. With Margin Funding, you can earn profit without actually taking delivery of the stocks.

  In MarginPLUS, an intraday trader has to necessarily limit the loss on every trade by placing a cover order specifying the SLTP (stop loss trigger price) and a limit price. The trader also has the option to protect the profits by placing a cover profit order at a limit price.

• ICICIdirect offers 3 products 'Future', 'Future Plus' and 'Future Plus Stop Loss' for trading in Futures segments.

  Future is a product designed for traders who want to take buy/sell positions in futures contracts for days or till expiry.

  FuturePLUS is a product for intraday traders who want to take buy/sell positions in future contracts.

  In Future Plus Stop Loss, you need to necessarily place a Stop Loss order in your intraday Futures trade.

• ICICIdirect offers 2 products 'Options' and 'Options Plus' for Options traders. The products are designed for different types of trading and brokerage rates are different for each of these products.

  'Options' is designed for Options traders who want to take positions for more than a day or till expiry.

  'Options Plus' from ICICIdirect is meant for traders who want to trade intraday. In Option Plus, you need to necessarily place a Stop Loss order.

• Options 195 plan is designed for active intraday Options traders who trade frequently. For such traders, a flat brokerage fee of Rs 195 is charged for any number of Lots from 2 to 10 in a single order. For trades above 10 Lots in a single order, Rs 15 per lot for every additional lot is charged. This plan helps traders to achieve quick break-even in a trade.

• Smart investing features - ICICIdirect offers some advanced features like price improvement order, multi price order, VTC (valid till cancelled) order, Cloud order which will enhance the investment and trading experience of customers.

• Personalized portfolio alerts- With uncertainties prevailing in the market, staying updated on your portfolio can help you take advantage of various opportunities coming your way. ICICIdirect offers personalised portfolio alerts at no extra charges.

• One Click Portfolio- One Click Equity gives you the convenience of investing, monitoring and exiting equity portfolios at a click. You can diversify your investments in theme-based baskets of stocks and ETFs handpicked by our research team.

Read more...

• ICICI Direct Neo Plan
• ICICI Direct - Prime Plan
• ICICI Direct - eATM
• ICICI Direct - I-Secure Plan
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• ICICI Direct - Prepaid Brokerage Plan
• ICICI Direct Options Trading Review