19.8% 1,289,023 Clients
ICICIdirect is a part of ICICI Securities. It provides trading as well as investment services. Sharekhan customers can trade in Equity, Derivatives and Currency. Besides, customers can invest in Mutual Funds & SIP, Bonds and IPO. ICICIdirect has a customer base of over 2.6 million traders. It has over 200 ICICIdirect Stores spread across 87 locations in India.
ICICIdirect offers a 3-in-1 account. It integrates your trading, demat and a bank account. This helps in smooth transactions and real-time transfer of funds.
ICICIdirect customers have many trading platforms to choose as per their convenience. The can trade using-
ICICI Direct offers its customers research-based financial advice on all asset classes. The expert team regularly publishes reports on market, economy and stocks. The team also conducts technical analysis and provides stock tips to its customers. It has won the CNBC Awaaz 'Most preferred brand of financial advisory services' in 2007.
ICICI Direct offers 2 products, Margin and Margin Plus to customers. These are intraday products wherein you buy and sell the stock on the same day. The securities you trade cannot be held the next day.
Margin is a product offered for intraday trading. The margin required is as low as 2% of the trade value. It also allows you the flexibility of converting the intraday trade to a delivery trade. So, if you foresee more profits in your position then you can convert it to a delivery. And can keep the stocks for as long as you wish.
Margin Plus is another intraday margin exposure given by ICICIdirect. You can trade with margins as low as 0.25%. It gives you leverage as big as 300 times. Trades under Margin Plus requires you to put a Stop Loss Trigger Price (SLTP) and a target price. This is to protect losses in the trade. The trade will automatically square off on reaching the set SLTP and Trigger price.
Margin |
Margin Plus |
Margin required is as low as 2% of the trade value. |
Margin required is as low as 0.25% of the trade value. |
Intraday trades cannot be converted to delivery. |
Intraday trades can be converted to delivery. |
It doesn't require traders to set SLTP and Trigger Price. |
Trades under Margin Plus requires SLTP and Trigger price to protect losses. |
The brokerage rates for margin trading under I-Saver Plan and I-Secure Plans is same.
Brokerage in Margin & 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 rates are applicable only for trades more than Rs 50,000. For trades below Rs 50,000, you will be charged the lower of Rs 25 or 2.5% of the trade value.
Segment | Trading Margin |
---|---|
Equity Delivery | 5x with Interest |
Equity Intraday | Upto 25x |
Equity Future | 4x |
Equity Option | 2x for shorting |
Currency Future | NA |
Currency Option | NA |
Commodity Future | NA |
Commodity Option |
ICICI Direct offers a 3-in-1 account, a combination of saving bank, trading and demat account. It offers one-click investment in Equity, Derivatives, Mutual Funds, IPO, ETF, Life Insurance, General Insurance, Currency, and Fixed Deposits.
Interested in opening a trading account? Request Callback from a stock broker.
Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.
Information on this page was last updated on Friday, December 25, 2020
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