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ICICIdirect Vs AxisDirect NRI Account Comparison

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

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

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

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ICICIdirect Vs AxisDirect

  ICICIdirect AxisDirect
 
  ICICI Securities Pvt Ltd. Logo Axis Securities 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. Axis Bank, the 3rd largest private bank in India, offers a 4-in-1 account to NRI customers. This account is a combination of a PIS & Non-PIS Bank Account, Trading Account, and Demat Account. Axis Bank has 10 international branch offices across the w... Know more about Axis Securities
Account Type NRI Account NRI Account
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ICICIdirect Vs AxisDirect Charges

  ICICIdirect AxisDirect
NRI Account Opening Fees ₹4000 ₹2500
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0
NRI Demat Account AMC Rs 300 (from 2nd year) Rs 650
PIS Account AMC
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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ICICIdirect Vs AxisDirect NRI Account Brokerage Comparison

Account Type ICICIdirect NRI Account AxisDirect NRI Account
Equity Delivery 0.50% - 1.25% 0.75%
Equity Futures 0.03% - 0.05% 0.05%
Equity Options ₹70 to ₹95 Intraday: 1p per lot, Carry Forward: ₹10 per lot
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Other Charges

Contract Note Reporting Charges
Other Brokerage Charges PIS Acct AMC: ₹1,500, Minimum Brokerage ₹50
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 AxisDirect NRI Account Taxes/Fees

  ICICIdirect AxisDirect
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 AxisDirect NRI Account Margin

  ICICIdirect Margin AxisDirect 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 AxisDirect NRI Account Features

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

  ICICIdirect Review AxisDirect Review
  460 Customer Reviews    Rate ICICIdirect 78 Customer Reviews    Rate AxisDirect
Fees 2.2 2.0
Brokerage 1.7 1.8
Trading Platform 3.3 2.6
Customer Service 2.7 2.2
Overall Rating Rated 2.4 stars Rated 2.1 stars
Broker Rating ICICIdirect is Rated 2.4 / 5 based on 460 customer reviews AxisDirect is Rated 2.1 / 5 based on 78 customer reviews
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Contact Broker / Request A Call Back

  ICICIdirect Enquire AxisDirect 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 AxisDirect NRI Investment Options

  ICICIdirect AxisDirect
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options ETF, Corporate Bonds, NCD, FD, Insurance

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ICICIdirect Vs AxisDirect NRI Customer Service

  ICICIdirect AxisDirect
Customer Care Number +91-22-28307780 +91 22 4257 0809
Customer Care Email nri@icicidirect.com
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ICICIdirect Vs AxisDirect Order Type Offered for NRI Account

  ICICIdirect AxisDirect
Bracket Order Yes Yes
Cover Order Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes

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ICICIdirect Vs AxisDirect - NRI Account Advantages and Disadvantages

  ICICIdirect AxisDirect
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.
  1. Offers 4-in-1 account for fast trading experience.
  2. Offers online Mutual Fund, IPO and NCD services.
  3. One-click Trade through Intelligent Order Entry Panel, a unique integrated order entry panel that informs you on your capital gains before placing the trade.
  4. Access to Trade-Passport, a detachable and secure Order Entry Panel, enables trading while researching on any financial website.
  5. Free trading and investment recommendations.
  6. Assistance from Relationship Managers.
  7. GTC and AMO orders.
  8. A subsidiary of the reputed Axis Bank.
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.
  1. The Axis brokerage plans are based on the trading value which makes it expensive over flat-fee brokerage charged by Zerodha, Tradeplus, etc.
  2. Axis does not provide online trading facility to USA based NRI clients.
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.

AxisDirect is a good choice as a stock broker for NRIs looking to invest in stocks, derivatives, mutual funds and IPOs in India. The company offers 4-in-1 account and good trading software and investment tools to its customers. Also, the brokerage charges of the company are competitive among full-service brokers. Axis provides many customer-friendly features to NRIs like AMO orders, Call & Trade and Relationship Manager for quick assistance.

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

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