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ICICIdirect Vs Finvasia NRI Account Comparison

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

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

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

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ICICIdirect Vs Finvasia

  ICICIdirect Finvasia
 
ICICI Securities Pvt Ltd. Logo Finvasia Securities 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. Finvasia offers online trading services to NRIs in equity, mutual funds, IPOs and equity F&O. It offers 2-in-1 account, combining a trading and a demat account, to NRIs to invest in various securities across NSE and BSE. Finvasia is the only broker ... Know more about Finvasia Securities Pvt Ltd
Account Type NRI Account NRI Account
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 Finvasia. Leave your contact info and we will get in touch with you.
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ICICIdirect Vs Finvasia Charges

  ICICIdirect Finvasia
NRI Account Opening Fees ₹4000 ₹199
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0 (Free)
NRI Demat Account AMC Rs 300 (from 2nd year) Rs 0 per year (Lifetime Zero AMC)
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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ICICIdirect Vs Finvasia NRI Account Brokerage Comparison

Brokerage Plan

  ICICIdirect Finvasia
Account Type NRI Account NRI Account
Equity Delivery 0.50% - 1.25% ₹0
Equity Futures 0.03% - 0.05% ₹0
Equity Options ₹70 to ₹95 ₹0

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges ₹0
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 Finvasia NRI Account Taxes/Fees

  ICICIdirect Finvasia
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 Finvasia NRI Account Exposure Margin

  ICICIdirect Finvasia
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 Finvasia NRI Account Feature Comparison

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

  ICICIdirect Finvasia
  453 Customer Reviews    Rate ICICIdirect 43 Customer Reviews    Rate Finvasia
Fees 2.2 4.7
Brokerage 1.7 4.9
Trading Platform 3.3 3.5
Customer Service 2.7 4.4
Overall Rating Rated 2.4 stars Rated 4.5 stars
Broker Rating ICICIdirect is Rated 2.4 / 5 based on 453 customer reviews Finvasia is Rated 4.5 / 5 based on 43 customer reviews
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Contact Broker / Request A Call Back

  ICICIdirect Finvasia
Contact Broker
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ICICIdirect Vs Finvasia NRI Investment Options

  ICICIdirect Finvasia
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 Finvasia NRI Customer Service

  ICICIdirect Finvasia
Customer Care Number +91-22-28307780 +91 172 667 0000
Customer Care Email nri@icicidirect.com contactus@finvasia.com
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ICICIdirect Vs Finvasia Order Type Offered for NRI Account

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

  ICICIdirect Finvasia
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.
  • Charges zero brokerage to NRIs on Equity, Derivatives and Mutual Fund.
  • Finvasia is a trading and clearing member. NRIs can save custodial charges given to 3rd party.
  • NRIs get access to many advanced trading platforms. Some are free while others have a subscription fee.
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.
  • Finvasia charges technology costs to provide access to some of the trading platforms.
  • It doesn't offer 3-in-1 account to NRIs. The NRIs have to open the NRI Bank Account with Yes Bank or Axis Bank.
  • Despite 3+ years in business, many products are yet to be launched i.e. Margin Funding.
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.

Finvasia is an excellent choice for frequent NRI traders as it doesn't change any brokerage fee. The online trading platform it offers is the industry standard. Advance trading tools are also available. It also offers Algo trading platform to NRIs. Finvaisa also provides demat account and clearing services at a very low price. Finvasia has offices in the UK and Canada.

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ICICIdirect Vs Finvasia - More Reviews

  ICICIdirect Finvasia
NRI Trading Review ICICIdirect NRI Account Review Finvasia NRI Account Review
Enquire ICICIdirect Enquire Finvasia
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