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ICICIdirect Vs TradingBells NRI Account Comparison

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

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

Our ICICI Securities Pvt Ltd. comparison with TradingBells (Swastika Investmart Ltd) highlights the major differences between two brokers. Find the best between ICICIdirect and TradingBells NRI Account.

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ICICIdirect Vs TradingBells

  ICICIdirect TradingBells
 
ICICI Securities Pvt Ltd. Logo TradingBells (Swastika Investmart 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. TradingBells is an online discount broker offering low brokerage trading services to NRI investors. Trading bells is part of Swastika Investmart Ltd., a traditional full-service broker with over 25+ years of stock broking experience. TradingBells of... Know more about TradingBells (Swastika Investmart 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 TradingBells. Leave your contact info and we will get in touch with you.
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ICICIdirect Vs TradingBells Charges

  ICICIdirect TradingBells
NRI Account Opening Fees ₹4000 ₹750
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Rs 150
NRI Demat Account AMC Rs 300 (from 2nd year) Rs 300
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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ICICIdirect Vs TradingBells NRI Account Brokerage Comparison

Brokerage Plan

  ICICIdirect TradingBells
Account Type NRI Account NRI Account
Equity Delivery 0.50% - 1.25% ₹100 per executed order
Equity Futures 0.03% - 0.05% ₹100 per executed order
Equity Options ₹70 to ₹95 ₹100 per executed order

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 TradingBells NRI Account Taxes/Fees

  ICICIdirect TradingBells
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 TradingBells NRI Account Exposure Margin

  ICICIdirect TradingBells
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 TradingBells NRI Account Feature Comparison

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

  ICICIdirect TradingBells
  455 Customer Reviews    Rate ICICIdirect 6 Customer Reviews    Rate TradingBells
Fees 2.2 4.2
Brokerage 1.7 4.7
Trading Platform 3.3 3.5
Customer Service 2.7 3.8
Overall Rating Rated 2.4 stars Rated 4.0 stars
Broker Rating ICICIdirect is Rated 2.4 / 5 based on 455 customer reviews TradingBells is Rated 4.0 / 5 based on 6 customer reviews
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Contact Broker / Request A Call Back

  ICICIdirect TradingBells
Contact Broker
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ICICIdirect Vs TradingBells NRI Investment Options

  ICICIdirect TradingBells
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 TradingBells NRI Customer Service

  ICICIdirect TradingBells
Customer Care Number +91-22-28307780 9667657700, 9667658800
Customer Care Email nri@icicidirect.com helpdesk@tradingbells.com
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ICICIdirect Vs TradingBells Order Type Offered for NRI Account

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

  ICICIdirect TradingBells
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.
  • Charges flat ₹100 across equity delivery, and F&O segments from NRIs. This is among the lowest brokerage in India for NRI customers.
  • Allows linking the trading account with an NRI bank account opened with a designated bank in India.
  • Offers different trading platform available through mobile app, website and trading terminal.
  • Dedicated online support desk to resolve the queries of the investors.
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.
  • Only offers a 2-in-1 account which increases the paperwork to open separate NRI bank account with other banks.
  • Clients need to pay to avail research services
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.

TradingBells is an online broker with presence in 80+ cities through its parent company Swastika Investmart. It charges the lowest brokerage to NRIs. 3 different trading platforms Justrade, Now and ODIN are available to the customer. It suites to frequent trades (NRIs) who prefers to trade online at an ultra-low-cost.

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ICICIdirect Vs TradingBells - More Reviews

  ICICIdirect TradingBells
NRI Trading Review ICICIdirect NRI Account Review TradingBells NRI Account Review
Enquire ICICIdirect Enquire TradingBells
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