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ICICIdirect Vs IIFL Securities NRI Account Comparison

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

Find out ICICIdirect Vs IIFL Securities which is better NRI Trading Account. See ICICIdirect 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 ICICIdirect and IIFL Securities NRI Account.

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ICICIdirect Vs IIFL Securities

  ICICIdirect 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
Special Offer
Special Offer: ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 5 minutes from sell orders + Free trading tips. Open Instant Account Now
Special Offer: Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

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ICICIdirect Vs IIFL Securities Charges

  ICICIdirect IIFL Securities
NRI Account Opening Fees ₹4000 ₹750
NRI Account AMC ₹0 ₹400 + GST
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0
NRI Demat Account AMC Rs 300 (from 2nd year) Rs 250 (Free for 1st year)
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Open ICICIdirect AccountOpen IIFL Securities Account

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ICICIdirect Vs IIFL Securities NRI Account Brokerage Comparison

Account Type ICICIdirect NRI Account IIFL Securities NRI Account
Equity Delivery 0.50% - 1.25% 0.50%
Equity Futures 0.03% - 0.05%
Equity Options ₹70 to ₹95
Open ICICIdirect AccountOpen IIFL Securities Account

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 IIFL Securities NRI Account Taxes/Fees

  ICICIdirect 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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ICICIdirect Vs IIFL Securities NRI Account Margin

  ICICIdirect Margin IIFL Securities 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 IIFL Securities NRI Account Features

  ICICIdirect IIFL Securities
3-in-1 Account Yes No
Automated Trading No No
Free Research And Tips Yes Yes
Other Features
Open ICICIdirect AccountOpen IIFL Securities Account

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ICICIdirect Vs IIFL Securities NRI Account Review

  ICICIdirect Review IIFL Securities Review
  479 Customer Reviews    Rate ICICIdirect 130 Customer Reviews    Rate IIFL Securities
Fees 2.2 2.8
Brokerage 1.7 2.6
Trading Platform 3.3 3.2
Customer Service 2.6 2.6
Overall Rating Rated 2.3 stars Rated 2.6 stars
Broker Rating ICICIdirect is Rated 2.3 / 5 based on 479 customer reviews IIFL Securities is Rated 2.6 / 5 based on 130 customer reviews
Open ICICIdirect AccountOpen IIFL Securities Account

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Contact Broker / Request A Call Back

  ICICIdirect Enquire IIFL Securities Enquire
Contact Broker ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 5 minutes from sell orders + Free trading tips. Open Instant Account Now Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.
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ICICIdirect Vs IIFL Securities NRI Investment Options

  ICICIdirect 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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ICICIdirect Vs IIFL Securities NRI Customer Service

  ICICIdirect IIFL Securities
Customer Care Number +91-22-28307780 +91 22 4007 1000
Customer Care Email nri@icicidirect.com cs@iifl.com
Open ICICIdirect AccountOpen IIFL Securities Account

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ICICIdirect Vs IIFL Securities Order Type Offered for NRI Account

  ICICIdirect 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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ICICIdirect Vs IIFL Securities - NRI Account Advantages and Disadvantages

  ICICIdirect 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.

Promo / Offers

ICICIdirect Special Offer

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 5 minutes of selling stocks

Interested in opening a trading account? Open Instant Account Now

IIFL Securities Special Offer

Flat Rs 20 Per Trade Brokerage + Free Account Opening

  • Flat Rs 20 per trade brokerage for delivery, intraday and F&O +
  • Trade with the best rated mobile trading app.

This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.

Open ICICIdirect AccountOpen IIFL Securities Account

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