ICICI Direct Vs Tradeplus NRI Account Comparison

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

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

Our ICICI Securities Pvt Ltd. comparison with Tradeplus (Navia Markets Ltd) highlights the major differences between two brokers. Find the best between ICICI Direct and Tradeplus NRI Account.

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ICICI Direct Vs Tradeplus

  ICICI Direct Tradeplus
 
ICICI Securities Pvt Ltd. Logo Tradeplus (Navia Markets 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. Tradeplus is one of the first brokerage firms to offer online trading services to NRIs. Tradeplus offers 4-in-1 accounts which include NRI SB Account, NRI Demat account, NRI trading account, and PAN Account. The broker allows NRIs to open NRO account... Know more about Tradeplus (Navia Markets Ltd)
Account Type 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 Tradeplus. Leave your contact info and we will get in touch with you.
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ICICI Direct Vs Tradeplus Charges

  ICICI Direct Tradeplus
NRI Account Opening Fees ₹4000 ₹500
NRI Account AMC ₹0 ₹1000 p.a or ₹2500 Life Time AMC for 10yrs
NRI Demat Account Opening Fees ₹0 ₹0
NRI Demat Account AMC ₹700 (from 2nd year) ₹500 (5 years)
PIS Account AMC ₹1500
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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ICICI Direct Vs Tradeplus NRI Account Brokerage Comparison

Brokerage Plan

  ICICI Direct Tradeplus
Account Type NRI Account
Equity Delivery 0.50% - 1.25% 0.40% for NRE and 0.10% for NRO
Equity Futures 0.03% - 0.05% Flat ₹1499 per month (for F&O)
Equity Options ₹70 to ₹95 Flat ₹1499 per month (for F&O)

Other Charges

Contract Note Reporting Charges PIS- ₹150 and Non-PIS- ₹200
Other Brokerage Charges Regular plan: ₹200 per CRF; Direct Plan: No 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 Tradeplus NRI Account Taxes/Fees

  ICICI Direct Tradeplus
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 Tradeplus NRI Account Exposure Margin

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

  ICICI Direct Tradeplus
3-in-1 Account Yes No
Automated Trading No No
Free Research And Tips Yes No
Other Features BTSL (Buy Today Sell Tomorrow) Order, Call & trade, ESOP trading
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ICICI Direct Vs Tradeplus NRI Account Review

  ICICI Direct Tradeplus
  426 Customer Reviews    Rate ICICI Direct 31 Customer Reviews    Rate Tradeplus
Fees 2.3 3.5
Brokerage 1.7 4.1
Trading Platform 3.4 2.9
Customer Service 2.7 2.7
Overall Rating Rated 2.4 stars Rated 3.1 stars
Broker Rating ICICI Direct is Rated 2.4 / 5 based on 426 customer reviews Tradeplus is Rated 3.1 / 5 based on 31 customer reviews
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Contact Broker / Request A Call Back

  ICICI Direct Tradeplus
Contact Broker
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ICICI Direct Vs Tradeplus NRI Investment Options

  ICICI Direct Tradeplus
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options ETF, Corporate Bonds, NCD, FD, Insurance IPO, ETFs, Bonds
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ICICI Direct Vs Tradeplus NRI Customer Service

  ICICI Direct Tradeplus
Customer Care Number +91-22-28307780 + 91 44 39189469 / 470
Customer Care Email nri@icicidirect.com nri@tradeplusonline.com
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ICICI Direct Vs Tradeplus Order Type Offered for NRI Account

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

  ICICI Direct Tradeplus
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.
  • Experience of 15+ years in providing NRI financial services.
  • Offers a 4-in-1 trading account.
  • ESOP Trading is allowed for NRIs.
  • Margin trading and BTST (Buy Today and Sell Tomorrow) are offered for NRO Account.
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.
  • High call & trade charges which are Rs 1000 per month.
  • It has annual maintenance charges for Demat account and many brokers are not charging it.
  • They charges fees for trading software.
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.

Tradeplus is an excellent choice for NRI traders who want to trade using their NRO accounts. For such investors, the broker provides special facilities like margin trading and BTST (Buy Today and Sell Tomorrow) under NRO accounts which is not available with any other stock broker. The discount broker offers a 4-in-1 account in collaboration with Yes, HDFC and Axis bank which makes trading more convenient. However, the charges for call & trade services are on a higher side.

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ICICI Direct Vs Tradeplus - More Reviews

  ICICI Direct Tradeplus
NRI Trading Review ICICI Direct NRI Account Review Tradeplus NRI Account Review
Enquire ICICI Direct Enquire Tradeplus
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