ICICI Direct Vs 5paisa NRI Account Comparison

The side-by-side comparison of ICICI Direct and 5paisa NRI Account. Compare ICICI Direct Vs 5paisa NRI Account brokerage charges, exposure margin, demat account and AMC. Read 5paisa and ICICI Direct NRI Account reviews.

Find out ICICI Direct Vs 5paisa which is better NRI Trading Account. See ICICI Direct Vs 5paisa which is best NRI Demat Account.

Our ICICI Securities Pvt Ltd. comparison with 5paisa Capital Ltd highlights the major differences between two brokers. Find the best between ICICI Direct and 5paisa NRI Account.

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ICICI Direct Vs 5paisa

  ICICI Direct 5paisa
 
ICICI Securities Pvt Ltd. Logo 5paisa Capital Ltd Logo
About the Broker ICICI Bank offers trading and investment opportunities in India stock market to NRIs through ICICI NRI 3-in-1 account. It is a combination of an NRI saving bank account, an NRI Demat, and an NRI trading account. The ICICI 3 in 1 Account for NRI enab... Know more about ICICI Securities Pvt Ltd. 5paisa does not offer NRI trading and demat account. As per the company representative on 22nd July 2019, "We wish to inform you that currently we are not offering our services to NRIs, only Resident Indians can open an account with us. ... Know more about 5paisa Capital Ltd
Account Type NRI Account NA
Broker Enquiry Open an Online Trading Account with ICICI Direct. Leave your contact info and we will get in touch with you. Open an Online Trading Account with 5paisa. Leave your contact info and we will get in touch with you.
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ICICI Direct Vs 5paisa Charges

  ICICI Direct 5paisa
NRI Account Opening Fees ₹4000 NA
NRI Account AMC ₹0 NA
NRI Demat Account Opening Fees ₹0 ₹0 (Free)
NRI Demat Account AMC ₹700 ₹540 (Free with Subscription Plan)
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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ICICI Direct Vs 5paisa NRI Account Brokerage Comparison

Brokerage Plan

  ICICI Direct 5paisa
Account Type NRI Account NA
Equity Delivery 0.50% - 1.25% NA
Equity Futures 0.03% - 0.05% NA
Equity Options ₹70 to ₹95 NA

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges NA
TDS Charges on Long Term Gain (Holding > 365 Days) 11.96% 11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days) 17.94% 17.94%
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ICICI Direct Vs 5paisa NRI Account Taxes/Fees

  ICICI Direct 5paisa
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
Exchange Transaction Charges Check Exchange Transaction Fee
SEBI Charges ₹15 per Crore ₹15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. 0.01% on delivery based turnover and 0.002% on non-delivery based turnover.
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ICICI Direct Vs 5paisa NRI Account Exposure Margin

  ICICI Direct 5paisa
Equity Delivery 1x (100%)
Equity Futures 1x (100%)
Equity Options 1x (100%)
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ICICI Direct and 5paisa NRI Account Feature Comparison

  ICICI Direct 5paisa
3-in-1 Account Yes No
Automated Trading No No
Free Research And Tips Yes No
Other Features
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ICICI Direct Vs 5paisa NRI Account Review

  ICICI Direct 5paisa
  413 Customer Reviews    Rate ICICI Direct 59 Customer Reviews    Rate 5paisa
Fees 2.3 3.1
Brokerage 1.7 3.9
Trading Platform 3.4 2.8
Customer Service 2.8 2.2
Overall Rating Rated 2.4 stars Rated 2.9 stars
Broker Rating ICICI Direct is Rated 2.4 / 5 based on 413 customer reviews 5paisa is Rated 2.9 / 5 based on 59 customer reviews
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Contact Broker / Request A Call Back

  ICICI Direct 5paisa
Contact Broker
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ICICI Direct Vs 5paisa NRI Investment Options

  ICICI Direct 5paisa
Stocks Yes No
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Other Investment Options ETF, Corporate Bonds, NCD, FD, Insurance
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ICICI Direct Vs 5paisa NRI Customer Service

  ICICI Direct 5paisa
Customer Care Number +91-22-28307780 NA
Customer Care Email nri@icicidirect.com NA
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ICICI Direct Vs 5paisa Order Type Offered for NRI Account

  ICICI Direct 5paisa
Bracket Order Yes No
Cover Order Yes No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) Yes No
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ICICI Direct Vs 5paisa - NRI Account Advantages and Disadvantages

  ICICI Direct 5paisa
Pros
  1. India's leading stockbroker. Part of the prestigious ICICI group, a financial services conglomerate.
  2. ICICI 3-in-1 NRI Account offers the easiest online trading experience.
  3. It offers an online trading facility with automatic fund transfer and PIS reporting.
  4. Invest online in Mutual Fund, NCD, FD, IPO, etc.
  5. GTC (or GTD, VTD) and AMO order types are available for placing orders in non-trading hours.
  6. It has a very stable trading platform.
Cons
  1. While ICICI trading platform gets the job done, it is very old trading software with poor user experience in comparison to the next generation online brokers like Zerodha, upstox, and 5paisa.
  2. The equity delivery brokerage is higher in comparison to discount brokers like Zerodha. With ICICI, a buy order or Rs 1 lakhs will cost Rs 1250 (1.25%) in brokerage. The same order at Zerodha cost Rs 200 in brokerage.
  3. NRIs from the UK (United Kingdom) cannot invest in IPO and Mutual Fund through ICICIDirect.com
  4. ICICI Bank doesn't offer online account opening to NRIs apart from customers from the US. Online account opening is also not available to Minor NRIs from the US.
  • 5paisa does not offer NRI trading and demat account.
Conclusion

ICICI is a highly recommended trading account for NRIs who are looking for investing in the stock market and mutual funds in India. It offers a convenient way to invest with competitive brokerage charges. It offers a range of investment options along with a dedicated RM, NRI support desk, free research, and tips. GTC and AMO order helps NRI customers to place an order in their own convenient timings.

5paisa, the 2nd largest discount stock broker in India, doesn't offer services to NRI customer. If you are an NRI and looking for an online discount broker for investing in India, you should consider Zerodha or ProStocks.

If you recently become an NRI and have a resident account with 5paisa, you have to close it and open a new account with another broker who offers NRI services.

Promo / Offers
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ICICI Direct Vs 5paisa - More Reviews

  ICICI Direct 5paisa
NRI Trading Review ICICI Direct NRI Account Review 5paisa NRI Account Review
Enquire ICICI Direct Enquire 5paisa
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