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ICICIdirect Vs Alice Blue NRI Account Comparison

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

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

Our ICICI Securities Pvt Ltd. comparison with Alice Blue Financial Services highlights the major differences between two brokers. Find the best between ICICIdirect and Alice Blue NRI Account.

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ICICIdirect Vs Alice Blue

  ICICIdirect Alice Blue
 
ICICI Securities Pvt Ltd. Logo Alice Blue Financial Services 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. Alice Blue does not offer NRI trading and demat account. As per the company representative on 22nd Nov 2019, ' We wish to inform you that currently, we are not offering our services to NRIs, only Resident Indians can open an account with... Know more about Alice Blue Financial Services
Account Type NRI Account NA
Broker Enquiry Open an Online Trading Account with ICICIdirect. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Alice Blue. Leave your contact info and we will get in touch with you.
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ICICIdirect Vs Alice Blue Charges

  ICICIdirect Alice Blue
NRI Account Opening Fees ₹4000 NA
NRI Account AMC ₹0 NA
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0
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 Alice Blue NRI Account Brokerage Comparison

Brokerage Plan

  ICICIdirect Alice Blue
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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ICICIdirect Vs Alice Blue NRI Account Taxes/Fees

  ICICIdirect Alice Blue
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 Alice Blue NRI Account Exposure Margin

  ICICIdirect Alice Blue
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 Alice Blue NRI Account Feature Comparison

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

  ICICIdirect Alice Blue
  453 Customer Reviews    Rate ICICIdirect 32 Customer Reviews    Rate Alice Blue
Fees 2.2 3.8
Brokerage 1.7 3.7
Trading Platform 3.3 3.6
Customer Service 2.7 3.0
Overall Rating Rated 2.4 stars Rated 3.4 stars
Broker Rating ICICIdirect is Rated 2.4 / 5 based on 453 customer reviews Alice Blue is Rated 3.4 / 5 based on 32 customer reviews
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Contact Broker / Request A Call Back

  ICICIdirect Alice Blue
Contact Broker
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ICICIdirect Vs Alice Blue NRI Investment Options

  ICICIdirect Alice Blue
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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ICICIdirect Vs Alice Blue NRI Customer Service

  ICICIdirect Alice Blue
Customer Care Number +91-22-28307780
Customer Care Email nri@icicidirect.com
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ICICIdirect Vs Alice Blue Order Type Offered for NRI Account

  ICICIdirect Alice Blue
Bracket Order Yes No
Cover Order Yes No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) Yes No
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ICICIdirect Vs Alice Blue - NRI Account Advantages and Disadvantages

  ICICIdirect Alice Blue
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.
  • Alice Blue 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.

Alice Blue, the Bangalore based financial service provider, 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 Alice Blue, you have to close it and open a new account with another broker who offers NRI services.

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ICICIdirect Vs Alice Blue - More Reviews

  ICICIdirect Alice Blue
NRI Trading Review ICICIdirect NRI Account Review Alice Blue NRI Account Review
Enquire ICICIdirect Enquire Alice Blue
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