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ICICIdirect Vs Tradeplus NRI Account Comparison

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

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

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ICICIdirect Vs Tradeplus

  ICICIdirect 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 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 Tradeplus. Leave your contact info and we will get in touch with you.
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ICICIdirect Vs Tradeplus Charges

  ICICIdirect 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 Rs 0 (Free) Rs 0
NRI Demat Account AMC Rs 300 (from 2nd year) Rs 0
PIS Account AMC ₹1500
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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ICICIdirect Vs Tradeplus NRI Account Brokerage Comparison

Brokerage Plan

  ICICIdirect Tradeplus
Account Type NRI Account NRI Account
Equity Delivery 0.50% - 1.25% 0.40% for NRE and 0.10% for NRO
Equity Futures 0.03% - 0.05% ₹49 per executed trade
Equity Options ₹70 to ₹95 ₹49 per executed trade

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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ICICIdirect Vs Tradeplus NRI Account Taxes/Fees

  ICICIdirect 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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ICICIdirect Vs Tradeplus NRI Account Exposure Margin

  ICICIdirect Tradeplus
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 Tradeplus NRI Account Feature Comparison

  ICICIdirect 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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ICICIdirect Vs Tradeplus NRI Account Review

  ICICIdirect Tradeplus
  453 Customer Reviews    Rate ICICIdirect 35 Customer Reviews    Rate Tradeplus
Fees 2.2 3.6
Brokerage 1.7 4.1
Trading Platform 3.3 2.8
Customer Service 2.7 2.7
Overall Rating Rated 2.4 stars Rated 3.0 stars
Broker Rating ICICIdirect is Rated 2.4 / 5 based on 453 customer reviews Tradeplus is Rated 3.0 / 5 based on 35 customer reviews
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Contact Broker / Request A Call Back

  ICICIdirect Tradeplus
Contact Broker
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ICICIdirect Vs Tradeplus NRI Investment Options

  ICICIdirect 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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ICICIdirect Vs Tradeplus NRI Customer Service

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

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

  ICICIdirect 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.
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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ICICIdirect Vs Tradeplus - More Reviews

  ICICIdirect Tradeplus
NRI Trading Review ICICIdirect NRI Account Review Tradeplus NRI Account Review
Enquire ICICIdirect Enquire Tradeplus
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