ICICIdirect Vs Tradingo NRI Account Comparison

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.

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.

• Simple brokerage model.
• Allows Equity Stocks investment using a non-PIS account.
• Allows linking the trading account with any NRI bank account opened with a designated bank in India.
• Offers to trade via mobile app, website, or trading terminal.

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.
• Higher Brokerage charges for non-PIS account.
• Clients need to pay to avail of research services.

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.

Tradingo is a discount broker that offers 2-in-1 account services to NRI at ultra-low-cost brokerage charges. You can link or open an NRI bank account with any designated bank of your choice. Tradingo also offers advanced trading platforms to NRI to trade via mobile, web, or desktop software.