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ICICI Direct Vs Trustline NRI Account Comparison

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

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

Our ICICI Securities Pvt Ltd. comparison with Trustline Securities Ltd highlights the major differences between two brokers. Find the best between ICICI Direct and Trustline NRI Account.

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ICICI Direct Vs Trustline

  ICICI Direct Trustline
 
ICICI Securities Pvt Ltd. Logo Trustline 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. Trustline Securities is a full-service broker offering trading and investment services in equity, F&O, mutual fund, FDs, and bonds to both resident and non-resident Indian investors. The broker offers customized investment solutions across wealth man... Know more about Trustline Securities 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 Trustline. Leave your contact info and we will get in touch with you.
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ICICI Direct Vs Trustline Charges

  ICICI Direct Trustline
NRI Account Opening Fees ₹4000 ₹0
NRI Account AMC ₹0 ₹1000 + GST
NRI Demat Account Opening Fees ₹0 Regular: ₹0, Lifetime Free AMC: ₹1000
NRI Demat Account AMC ₹450 Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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ICICI Direct Vs Trustline NRI Account Brokerage Comparison

Brokerage Plan

  ICICI Direct Trustline
Account Type NRI Account
Equity Delivery 0.50% - 1.25% 0.03 (3 paise)
Equity Futures 0.03% - 0.05% 0.30 (30 paise)
Equity Options ₹70 to ₹95 ₹75 per lot

Other Charges

Contract Note Reporting Charges ₹0
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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ICICI Direct Vs Trustline NRI Account Taxes/Fees

  ICICI Direct Trustline
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 ₹15 per Crore ₹15 per 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 Trustline NRI Account Exposure Margin

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

  ICICI Direct Trustline
3-in-1 Account Yes No
Automated Trading No No
Free Research And Tips Yes Yes
Other Features
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ICICI Direct Vs Trustline NRI Account Review

  ICICI Direct Trustline
  405 Customer Reviews    Rate ICICI Direct 1 Customer Reviews    Rate Trustline
Fees 2.3 4.0
Brokerage 1.7 3.0
Trading Platform 3.4 4.0
Customer Service 2.8 4.0
Overall Rating Rated 2.4 stars Rated 4.0 stars
Broker Rating ICICI Direct is Rated 2.4 / 5 based on 405 customer reviews Trustline is Rated 4.0 / 5 based on 1 customer reviews
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Contact Broker / Request A Call Back

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

  ICICI Direct Trustline
Stocks Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Other Investment Options ETF, Corporate Bonds, NCD, FD, Insurance
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ICICI Direct Vs Trustline NRI Customer Service

  ICICI Direct Trustline
Customer Care Number +91-22-28307780 (0120) 4613-888
Customer Care Email nri@icicidirect.com helpdesk@trustline.in
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ICICI Direct Vs Trustline Order Type Offered for NRI Account

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

  ICICI Direct Trustline
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.
  • Offers web and mobile app-based NRI trading and investment platform.
  • Charges lower brokerage for investing in equity and equity derivatives.
  • Doesn't have a minimum brokerage charge which is good for small investors.
  • Offers research-based fundamental and technical analysis which helps in taking a better investment decision.
  • Allows US and Canada based NRIs to trade and invest in the stock market through Trustline trading forms.
  • Trustline works as a clearing and settlement member which reduces the overall cost for investors.
  • Facilitates IPO bidding for resident and non-resident Indian 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.
  • Doesn't offer a 3-in-1 account which means NRIs cannot open all the accounts at a single platform. It also means NRIs have to first transfer funds to PIS account before placing orders.
  • Doesn't offer Bracket Order facility.
  • Doesn't offer AMO (After Market Order) and GTC (Good' Till Cancelled) orders for investors.
  • Allows only Axis bank to open NRI bank account.
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.

Trustline Securities is a good choice for both casual and frequent traders. The full-service broker offers depository services and research tips for NRIs. It also allows US and Canada based NRIs after filling FATCA and FEMA declaration form. The brokerage charges are quite low as compared to other full-service brokers in India. The broker also offers good web and mobile trading platforms in addition to a dedicated mobile app for mutual fund investments. Call n Trade facility and IPO application services are other features that make Trustline a good choice as an NRI stockbroker. The only major disadvantage with the broker is that it only allows Axis Bank accounts to be linked with its trading account. So, if you have Axis NRI bank accounts then its an excellent choice else you have to transfer your bank accounts to trade with Trustline.

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ICICI Direct Vs Trustline - More Reviews

  ICICI Direct Trustline
NRI Trading Review ICICI Direct NRI Account Review Trustline NRI Account Review
Enquire ICICI Direct Enquire Trustline
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