ICICI Direct Vs IIFL Securities NRI Account Comparison

The side-by-side comparison of ICICI Direct and IIFL Securities NRI Account. Compare ICICI Direct Vs IIFL Securities NRI Account brokerage charges, exposure margin, demat account and AMC. Read IIFL Securities and ICICI Direct NRI Account reviews.

Find out ICICI Direct Vs IIFL Securities which is better NRI Trading Account. See ICICI Direct Vs IIFL Securities which is best NRI Demat Account.

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

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ICICI Direct Vs IIFL Securities

  ICICI Direct IIFL Securities
 
ICICI Securities Pvt Ltd. Logo IIFL Securities 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. IIFL Securities is a full-service broker offering online trading services to NRIs. It offers 2-in-1 accounts, combining demat and trading accounts, to NRIs. The 2-in-1 account enables trading across stocks, equity derivatives and investments in Mutua... Know more about IIFL Securities Ltd
Account Type NRI Account NRI Account
Broker Enquiry Open an Online Trading Account with ICICI Direct. Leave your contact info and we will get in touch with you. Open an Online Trading Account with IIFL Securities. Leave your contact info and we will get in touch with you.
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ICICI Direct Vs IIFL Securities Charges

  ICICI Direct IIFL Securities
NRI Account Opening Fees ₹4000 ₹750
NRI Account AMC ₹0 ₹400 + GST
NRI Demat Account Opening Fees ₹0 ₹0
NRI Demat Account AMC ₹700 (from 2nd year) ₹400 per year
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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ICICI Direct Vs IIFL Securities NRI Account Brokerage Comparison

Brokerage Plan

  ICICI Direct IIFL Securities
Account Type NRI Account NRI Account
Equity Delivery 0.50% - 1.25% 0.50%
Equity Futures 0.03% - 0.05%
Equity Options ₹70 to ₹95

Other Charges

Contract Note Reporting Charges NA
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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ICICI Direct Vs IIFL Securities NRI Account Taxes/Fees

  ICICI Direct IIFL Securities
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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ICICI Direct Vs IIFL Securities NRI Account Exposure Margin

  ICICI Direct IIFL Securities
Equity Delivery 1x (100%)
Equity Futures 1x (100%)
Equity Options 1x (100%)
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ICICI Direct and IIFL Securities NRI Account Feature Comparison

  ICICI Direct IIFL Securities
3-in-1 Account Yes No
Automated Trading No No
Free Research And Tips Yes Yes
Other Features
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ICICI Direct Vs IIFL Securities NRI Account Review

  ICICI Direct IIFL Securities
  428 Customer Reviews    Rate ICICI Direct 112 Customer Reviews    Rate IIFL Securities
Fees 2.3 2.9
Brokerage 1.7 2.6
Trading Platform 3.4 3.3
Customer Service 2.7 2.8
Overall Rating Rated 2.4 stars Rated 2.7 stars
Broker Rating ICICI Direct is Rated 2.4 / 5 based on 428 customer reviews IIFL Securities is Rated 2.7 / 5 based on 112 customer reviews
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Contact Broker / Request A Call Back

  ICICI Direct IIFL Securities
Contact Broker
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ICICI Direct Vs IIFL Securities NRI Investment Options

  ICICI Direct IIFL Securities
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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ICICI Direct Vs IIFL Securities NRI Customer Service

  ICICI Direct IIFL Securities
Customer Care Number +91-22-28307780 +91 22 4007 1000
Customer Care Email nri@icicidirect.com cs@iifl.com
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ICICI Direct Vs IIFL Securities Order Type Offered for NRI Account

  ICICI Direct IIFL Securities
Bracket Order Yes No
Cover Order Yes No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
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ICICI Direct Vs IIFL Securities - NRI Account Advantages and Disadvantages

  ICICI Direct IIFL Securities
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.
  • Full-service broker with a dedicated relationship manager, research reports and a wide range of products & services.
  • Online account opening process for NRIs.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Part of IIFL Group, a financial services conglomerate.
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.
  • Charges high brokerage as compared to discount brokers such as Zerodha and ProStocks.
  • Doesn't offer an NRI 3-in-1 account. NRIs have to open an NRI bank account and custodian account on their own.
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.

IIFL is a reputed full-service broker. It offers NRI Trading & Demat account facility for NRIs. IIFL also offers an online mutual fund platform to NRIs. IIFL Securities has a dedicated research team that provides insights on the economy and markets to its customers. The company has its offices in multiple locations across the globe that allows NRIs to avail branch services. The brokerage charges are on the higher side which makes it an expensive broker for NRIs.

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ICICI Direct Vs IIFL Securities - More Reviews

  ICICI Direct IIFL Securities
NRI Trading Review ICICI Direct NRI Account Review IIFL Securities NRI Account Review
Enquire ICICI Direct Enquire IIFL Securities
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