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ICICIdirect - I-Secure Plan Review

Published on Monday, November 26, 2018 by Admin

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

I-Secure Plan- Brokerage in Cash (Equity Segment)

ICICI's I-Secure Plan is a flat brokerage plan. Under the plan, you are charged a fixed percentage brokerage irrespective of the turnover.

Brokerage In Cash

Total Eligible Turnover

Brokerage (%)

Second Leg Of Intraday Trades

Brokerage on Intraday Trades

Irrespective of turnover

0.55

Nil

0.275%

However, please note that the brokerage rates mentioned above apply only for trade value exceeding ₹6364. The minimum brokerage for trade value up to ₹6364 on shares priced more than ₹ 10 is ₹35/- per trade or 2.5% of the trade value whichever is lower. The brokerage on stocks priced up to ₹10 would be levied at ₹0.05 per share or ₹35, whichever is higher.

I-Secure Plan- Segment wise Brokerage

1. Brokerage in Margin and Margin Plus

2. Brokerage in Future, Future Plus and Future Plus Stop Loss

3. Brokerage in Options and Options Plus

4. Brokerage in Currency Futures and Options

I-Secure Plan - Brokerage in Margin and Margin Plus

'Margin' and 'Margin Plus' are designed for intraday customers who want to benefit from the upward/downward movement of a stock in a day. They can get a leverage up to 5 times the allocated trading amount.

What is Margin Product?

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.

What is Margin Plus?

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.

Here are the slab-wise brokerage rates for margin trading-

Brokerage in Margin and Margin Plus

Total Turnover per month

Brokerage (%)

More than Rs. 20 Crores

0.030

Rs.10 Crores to 20 Crores

0.035

Rs.5 Crores to 10 Crores

0.040

Less than Rs.5 Crores

0.050

The above-mentioned brokerage rate are applicable for trades above Rs 50,000. For trades less than Rs 50,000, Rs 25 or 2.5% of the trade value, whichever is lower, is charged as brokerage.

I-Secure Plan- Brokerage in Future, Future Plus and Future Plus Stop Loss

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

What is 'Future'?

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

What is 'Future Plus'?

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

What is 'Future Plus Stop Loss'?

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

The I-Secure brokerage rates for Future and Future Plus are-

Brokerage in Future and Future Plus

For Equity Futures

Equity Future and Future Plus

Total Turnover per month

Brokerage (%)

Intraday Brokerage (per lot)

More than Rs. 20 Crores

0.030

Rs.50/-

Rs.10 Crores to 20 Crores

0.035

Rs.50/-

Rs.5 Crores to 10 Crores

0.040

Rs.50/-

Less than Rs.5 Crores

0.050

Rs.50/-

I-Secure Plan- Brokerage in Options and Options Plus

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.

What is 'Options'?

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

What is 'Options Plus'?

'Options Plus' from ICICIdirect is meant for traders who take intraday positions.

Brokerage in Options and Option Plus

Total Lots per month

Flat brokerage per contract lot (Rs.)

Intraday Brokerage (Rs per lot)

Over 4800

35/-

Rs.50/-

2401-4800

45/-

Rs.50/-

1201-2400

55/-

Rs.50/-

601-1200

65/-

Rs.50/-

301-600

75/-

Rs.50/-

51-300

85/-

Rs.50/-

1-50

95/-

Rs.50/-

I-Secure Plan Brokerage in Options and Option Plus under Options 195 Plan

Options 195 plan is designed 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 sbove 10 Lots in a single order,  Rs 15 per lot for every additional lot is charged. This plan helps traders in achieve quick break-even in a trade.

The brokerage rates for traders availing Options 195 Plan under the I-Secure plan are-

Effective Brokerage with Options 195 brokerage is as below

No of Lots in a single order

Brokerage applicable

1

95

5

195

10

195

50

795

100

1545

Brokerage in Future Plus Stop Loss and Option Plus under I- Gain Plan

I-Gain plan is designed for frequent FandO traders wherein for Intra-day trades,

the brokerage is charged only when there is a profit from the trade. No brokerage is charged if the trade results in loss or a break-even.

The I-Secure brokerage rates for I-Gain customers are-

Pricing

Rates on Profit (%)

Rates on Loss (%)

FuturePLUS Stop Loss I-Gain Plan

0.0500

0.0

OptionPLUS I-Gain Plan

95.00

0.00

I-Secure Plan in Brokerage in Currency Futures and Options

For traders who wish to trade in Currency FandO, the I-Secure brokerage rates are as follows-

For Currency Futures

Total Turnover per month

Brokerage (%)

Intraday Brokerage (per lot)

More than Rs. 20 Crores

0.030

Rs.10/-

Rs.10 Crores to 20 Crores

0.035

Rs.10/-

Rs.5 Crores to 10 Crores

0.040

Rs.10/-

Less than Rs.5 Crores

0.050

Rs.10/-

Brokerage in Currency Options

Total Lots per month

Flat brokerage per contract lot (Rs.)

Intraday Brokerage (per lot)

More than 1500

10/-

10/-

601 - 1500

15/-

10/-

301 - 600

20/-

10/-

0 - 300

25/-

10/-

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