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ICICIdirect Vs Achiievers NRI Account Comparison

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

Find out ICICIdirect Vs Achiievers which is better NRI Trading Account. See ICICIdirect Vs Achiievers which is best NRI Demat Account.

Our ICICI Securities Pvt Ltd. comparison with Achiievers Equities Ltd highlights the major differences between two brokers. Find the best between ICICIdirect and Achiievers NRI Account.

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ICICIdirect Vs Achiievers

  ICICIdirect Achiievers
 
  ICICI Securities Pvt Ltd. Logo Achiievers Equities 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. Achiievers Equities Ltd is a discount broker offering investment services to the resident as well as non-resident investors. It offers a 2-in-1 account, integrating trading and demat accounts, for all types of investors. NRIs can use the account to t... Know more about Achiievers Equities Ltd
Account Type NRI Account NRI Trading
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ICICIdirect Vs Achiievers Charges

  ICICIdirect Achiievers
NRI Account Opening Fees ₹4000
NRI Account AMC ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Nil
NRI Demat Account AMC Rs 300 (from 2nd year) Rs 400
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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ICICIdirect Vs Achiievers NRI Account Brokerage Comparison

Account Type ICICIdirect NRI Account Achiievers NRI Trading
Equity Delivery 0.50% - 1.25% 0.50%
Equity Futures 0.03% - 0.05% NA
Equity Options ₹70 to ₹95 NA
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Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges
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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ICICIdirect Vs Achiievers NRI Account Taxes/Fees

  ICICIdirect Achiievers
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.

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ICICIdirect Vs Achiievers NRI Account Margin

  ICICIdirect Margin Achiievers 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.


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ICICIdirect and Achiievers NRI Account Features

  ICICIdirect Achiievers
3-in-1 Account Yes No
Automated Trading No No
Free Research And Tips Yes No
Other Features
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ICICIdirect Vs Achiievers NRI Account Review

  ICICIdirect Review Achiievers Review
  457 Customer Reviews    Rate ICICIdirect 5 Customer Reviews    Rate Achiievers
Fees 2.2 4.6
Brokerage 1.7 5.0
Trading Platform 3.3 4.2
Customer Service 2.7 4.2
Overall Rating Rated 2.4 stars Rated 4.6 stars
Broker Rating ICICIdirect is Rated 2.4 / 5 based on 457 customer reviews Achiievers is Rated 4.6 / 5 based on 5 customer reviews
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Contact Broker / Request A Call Back

  ICICIdirect Enquire Achiievers 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 Leave your contact information and we will get in touch with you....
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ICICIdirect Vs Achiievers NRI Investment Options

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

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ICICIdirect Vs Achiievers NRI Customer Service

  ICICIdirect Achiievers
Customer Care Number +91-22-28307780 +91 33 6606 3000
Customer Care Email nri@icicidirect.com customer.care@achiieversequitiesltd.com
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ICICIdirect Vs Achiievers Order Type Offered for NRI Account

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

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ICICIdirect Vs Achiievers - NRI Account Advantages and Disadvantages

  ICICIdirect Achiievers
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.
  • A dedicated desk for NRI clients.
  • Provides diverse research reports for NRI investors based on their needs. Achiievers is one of the few discount brokers to offer research reports.
  • Offers access to NSE NOW trading platforms in mobile, installable trading terminal and web.
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.
  • Doesn't allow trade in the equity derivative segment.
  • Doesn't allow investment in mutual fund and IPO.
  • Charge a very high brokerage fee of 0.50% of the transaction value.
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.

Achiievers Equities is a discount stock broker but it doesn't offer discounted brokerage rates to NRIs. It also doesn't offer Equity F&O trading, Mutual Fund, IPO and Bonds. There are many other brokers available with better pricing, tools and multiple investment options under the same account.

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

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