Chittorgarh.com Logo
Loading...

ICICIdirect Vs 5paisa NRI Account Comparison

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

Find out ICICIdirect Vs 5paisa which is better NRI Trading Account. See ICICIdirect 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 ICICIdirect and 5paisa NRI Account.

Expand

ICICIdirect Vs 5paisa

  ICICIdirect 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
Open ICICIdirect AccountOpen 5paisa Account

Expand

ICICIdirect Vs 5paisa Charges

  ICICIdirect 5paisa
NRI Account Opening Fees ₹4000 NA
NRI Account AMC ₹0 NA
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0 (Free)
NRI Demat Account AMC Rs 300 (from 2nd year) Rs 540
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Open ICICIdirect AccountOpen 5paisa Account

Expand

ICICIdirect Vs 5paisa NRI Account Brokerage Comparison

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

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%
Expand

ICICIdirect Vs 5paisa NRI Account Taxes/Fees

  ICICIdirect 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 0.00005% (₹5/Crore) 0.00005% (₹5/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.

Expand

ICICIdirect Vs 5paisa NRI Account Margin

  ICICIdirect Margin 5paisa Margin
Equity Delivery 1x 1x
Equity Futures 1x 1x
Equity Options 1x 1x

1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.


Expand

ICICIdirect and 5paisa NRI Account Features

  ICICIdirect 5paisa
3-in-1 Account Yes No
Automated Trading No No
Free Research And Tips Yes No
Other Features
Open ICICIdirect AccountOpen 5paisa Account

Expand

ICICIdirect Vs 5paisa NRI Account Review

  ICICIdirect Review 5paisa Review
  460 Customer Reviews    Rate ICICIdirect 88 Customer Reviews    Rate 5paisa
Fees 2.2 2.9
Brokerage 1.7 3.6
Trading Platform 3.3 2.8
Customer Service 2.7 2.2
Overall Rating Rated 2.4 stars Rated 2.6 stars
Broker Rating ICICIdirect is Rated 2.4 / 5 based on 460 customer reviews 5paisa is Rated 2.6 / 5 based on 88 customer reviews
Open ICICIdirect AccountOpen 5paisa Account

Expand

Contact Broker / Request A Call Back

  ICICIdirect Enquire 5paisa Enquire
Contact Broker ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now FREE Account Opening (Rs 650 waived) + Pay-as-you-go Demat AMC + FREE Mutual Fund Account + Trade at flat Rs 20 per order. Open Instant Account with 5paisa and start trading today.
*

ICICIdirect Vs 5paisa NRI Investment Options

  ICICIdirect 5paisa
Stocks Yes No
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Other Investment Options ETF, Corporate Bonds, NCD, FD, Insurance

Expand

ICICIdirect Vs 5paisa NRI Customer Service

  ICICIdirect 5paisa
Customer Care Number +91-22-28307780 NA
Customer Care Email nri@icicidirect.com NA
Open ICICIdirect AccountOpen 5paisa Account

Expand

ICICIdirect Vs 5paisa Order Type Offered for NRI Account

  ICICIdirect 5paisa
Bracket Order Yes No
Cover Order Yes No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) Yes No

Expand

ICICIdirect Vs 5paisa - NRI Account Advantages and Disadvantages

  ICICIdirect 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

ICICIdirect Neo Plan (Discount Brokerage)

Open a 3-in-1 account with Neo Plan for:

  • Free Account Opening
  • Brokerage-Free Equity Futures trading
  • Flat Rs. 20 per trade brokerage in Options, Currency F&O and Commodity futures in BSE, NSE and MCX
  • Free trading tips
  • Get funds in your bank account in just 30 minutes of selling stocks

Interested in opening a trading account? Open Instant Account Now

5paisa.com Limited Time Offer - Free Account Opening (Rs 650 waived)

Open 5Paisa Trading Account and get Free Trading, Demat and Mutual Fund Account + FREE 1st year Demat AMC + Trade at flat Rs 20 per order.

Open Online Account Now! and start trading today.
Open ICICIdirect AccountOpen 5paisa Account

Comments

Add a public comment...

Compare ICICIdirect Compare 5paisa
Compare More Brokers: