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ICICIdirect Vs Compositedge NRI Account Comparison

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

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

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

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ICICIdirect Vs Compositedge

  ICICIdirect Compositedge
 
  ICICI Securities Pvt Ltd. Logo Composite Investments Pvt 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. Composite Edge or Composite Investments Ltd is a discount broking firm offering trading and investment services to the resident as well as non-resident Indians. Composite Edge offers a complete range of investment solutions to NRIs and foreign nation... Know more about Composite Investments Pvt Ltd
Account Type NRI Account
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ICICIdirect Vs Compositedge Charges

  ICICIdirect Compositedge
NRI Account Opening Fees ₹4000 ₹1000
NRI Account AMC ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Rs 100
NRI Demat Account AMC Rs 300 (from 2nd year) Rs 300
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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ICICIdirect Vs Compositedge NRI Account Brokerage Comparison

Account Type ICICIdirect NRI Account Compositedge
Equity Delivery 0.50% - 1.25% ₹200/- or 0.1%
Equity Futures 0.03% - 0.05% ₹200/- or 0.01%
Equity Options ₹70 to ₹95
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Other Charges

Contract Note Reporting Charges
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 Compositedge NRI Account Taxes/Fees

  ICICIdirect Compositedge
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 Compositedge NRI Account Margin

  ICICIdirect Margin Compositedge 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 Compositedge NRI Account Features

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

  ICICIdirect Review Compositedge Review
  457 Customer Reviews    Rate ICICIdirect 17 Customer Reviews    Rate Compositedge
Fees 2.2 4.2
Brokerage 1.7 4.6
Trading Platform 3.3 4.0
Customer Service 2.7 4.2
Overall Rating Rated 2.4 stars Rated 4.2 stars
Broker Rating ICICIdirect is Rated 2.4 / 5 based on 457 customer reviews Compositedge is Rated 4.2 / 5 based on 17 customer reviews
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Contact Broker / Request A Call Back

  ICICIdirect Enquire Compositedge 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 Compositedge NRI Investment Options

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

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ICICIdirect Vs Compositedge NRI Customer Service

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

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

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ICICIdirect Vs Compositedge - NRI Account Advantages and Disadvantages

  ICICIdirect Compositedge
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.
  • Offers ESOP trading facility for NRIs.
  • A team of specialists to assist non-resident Indian investors.
  • Assists in PAN card and PIS account opening.
  • NRIs can invest in Equity, bond, MF, and IPO (offline).
  • Provides semi and algo trading options.
  • Can also place offline order through telephone.
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.
  • Have to open custodial and bank accounts separately which increases paperwork and overall charges.
  • The platform is designed for knowledgeable and experienced traders. New traders may not find it easy to use.
  • Doesn't offer a 3-in-1 account that means investors have to open a bank account with third party bank.
  • Doesn't offer in-house trading platforms. NRIs have to depend on 3rd-party to resolve technical issues.
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.

Composite Edge offers a 2-in-1 account for NRIs to trade and invest across equity, mutual fund, IPO, bonds, and PMS. The brokerage charges are higher than other discount brokers. It doesn't have its own trading platforms and so is depended on the platform owners for up-gradation and resolving technical issues. Overall, there's not a single key offering or market differentiator from the stock broker to attract NRIs. There are better choices available in the market.

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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