The side-by-side comparison of ICICIdirect and Anand Rathi NRI Account. Compare ICICIdirect Vs Anand Rathi NRI Account brokerage charges, exposure margin, demat account and AMC. Read Anand Rathi and ICICIdirect NRI Account reviews.
Find out ICICIdirect Vs Anand Rathi which is better NRI Trading Account. See ICICIdirect Vs Anand Rathi which is best NRI Demat Account.
Our ICICI Securities Pvt Ltd. comparison with Anand Rathi highlights the major differences between two brokers. Find the best between ICICIdirect and Anand Rathi NRI Account.
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...
Anand Rathi provides a wide range of trading and investment services to the resident as well as NRI investors. It offers a 2-in-1 account, combining trading and demat accounts, for NRIs to trade in equity, equity derivatives, mutual funds, and IPOs...
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.
ICICIdirect Vs Anand Rathi NRI Account Margin
ICICIdirect Margin
Anand Rathi 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.
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
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ICICIdirect Vs Anand Rathi Order Type Offered for NRI Account
ICICIdirect
Anand Rathi
Bracket Order
Cover Order
After Market Order(AMO)
Good Till Cancelled (GTC)
ICICIdirect Vs Anand Rathi - NRI Account Advantages and Disadvantages
ICICIdirect
Anand Rathi
Pros
India's leading stockbroker. Part of the prestigious ICICI group, a financial services conglomerate.
ICICI 3-in-1 NRI Account offers the easiest online trading experience.
It offers an online trading facility with automatic fund transfer and PIS reporting.
Invest online in Mutual Fund, NCD, FD, IPO, etc.
GTC (or GTD, VTD) and AMO order types are available for placing orders in non-trading hours.
It has a very stable trading platform.
Wide range of online trading platforms
Offers research and recommendation tips.
Offers Relationship Manager assistance
Offers free call & trade facility for NRIs.
Can open PIS account with multiple banks.
Online Mutual Fund investment is available.
Cons
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.
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.
NRIs from the UK (United Kingdom) cannot invest in IPO and Mutual Fund through ICICIDirect.com
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.
Charges brokerage in percentage which is higher than most of the discount brokers.
It only offers a 2-in-1 account which means NRIs have to open NRI SB and PIS accounts with other banks.
NRIs have to depend on ICCL (3-rd party custodial) for trade settlement. This increases the cost of trading.
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.
Anand Rathi is a recommended choice for NRI investors who are ready to pay high brokerage for value-added services like good online trading software, online mutual fund services and research advisory etc. It is a full-service broker offering a wide range of services for NRIs and resident investors. They offer wealth management, advisory, investment, portfolio management, and insurance services. NRIs have to open the NRI SB account and custodial account with 3rd party before opening the NRI trading and demat account with the broker.
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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