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ICICIdirect Vs Indiabulls NRI Account Comparison

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

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

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

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ICICIdirect Vs Indiabulls

  ICICIdirect Indiabulls
 
  ICICI Securities Pvt Ltd. Logo Indiabulls Ventures Limited 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. Indiabulls is a full-service stock broker that offers a range of trading and investment services to NRIs. It offers 2 in 1 accounts, combining demat and trading accounts for online trading across Equity, Equity Derivatives, IPOs, and Mutual Funds. P... Know more about Indiabulls Ventures Limited
Account Type NRI Account NRI Account
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ICICIdirect Vs Indiabulls Charges

  ICICIdirect Indiabulls
NRI Account Opening Fees ₹4000 ₹2000
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 450
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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ICICIdirect Vs Indiabulls NRI Account Brokerage Comparison

Account Type ICICIdirect NRI Account Indiabulls NRI Account
Equity Delivery 0.50% - 1.25% 0.50%
Equity Futures 0.03% - 0.05% 0.05%
Equity Options ₹70 to ₹95 0.05%
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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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ICICIdirect Vs Indiabulls NRI Account Taxes/Fees

  ICICIdirect Indiabulls
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 Indiabulls NRI Account Margin

  ICICIdirect Margin Indiabulls 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 Indiabulls NRI Account Features

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

  ICICIdirect Review Indiabulls Review
  456 Customer Reviews    Rate ICICIdirect 50 Customer Reviews    Rate Indiabulls
Fees 2.2 3.4
Brokerage 1.7 3.1
Trading Platform 3.3 3.7
Customer Service 2.7 3.0
Overall Rating Rated 2.4 stars Rated 3.2 stars
Broker Rating ICICIdirect is Rated 2.4 / 5 based on 456 customer reviews Indiabulls is Rated 3.2 / 5 based on 50 customer reviews
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Contact Broker / Request A Call Back

  ICICIdirect Enquire Indiabulls 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 FREE Unlimited Trading for 1st Month (Rs 1000 waived) Get the offer
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ICICIdirect Vs Indiabulls NRI Investment Options

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

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ICICIdirect Vs Indiabulls NRI Customer Service

  ICICIdirect Indiabulls
Customer Care Number +91-22-28307780 022 6144 6300
Customer Care Email nri@icicidirect.com helpdesk@indiabulls.com
Open ICICIdirect AccountEnquire Indiabulls

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ICICIdirect Vs Indiabulls Order Type Offered for NRI Account

  ICICIdirect Indiabulls
Bracket Order Yes No
Cover Order Yes No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No

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ICICIdirect Vs Indiabulls - NRI Account Advantages and Disadvantages

  ICICIdirect Indiabulls
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 offering research and recommendations tips.
  • Online investing with the Power Indiabulls trading platform.
  • Indiabulls is also an AMC. It offers a range of mutual funds to NRIs.
  • Indiabulls Ventures is part of the Indiabulls Group, a diversified financial services company.
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.
  • It charges high brokerage as compared to the brokerage charged by discount brokers like Zerodha, and Prostocks for NRI trading.
  • Doesn't offer unlimited trades/discount brokerage to NRI customers.
  • A separate Custodial account has to open with HDFC for F&O 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.

Indiabulls is a good choice as a broker for NRI traders who need the online trading facility, research assistance, personalized services and prefer investing in mutual funds. It has a dedicated research team that helps traders in making informed investment decisions. The Power Indiabulls trading platform is an advanced online trading platform that offers many useful trading features to NRI investors. Except for higher brokerage, the services offered by Indiabulls to NRI customers are competitive.

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

Limited Time Offer - FREE Unlimited Trading for 1st Month (Rs 1000 waived)

Open Indiabulls Online Trading Account and get Free Unlimited Trading for 1st month. Trade Unlimited at Rs 1000/month or Trade at flat Rs 15 per executed order.

Get this limited time offer
Open ICICIdirect AccountEnquire Indiabulls
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