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ICICIdirect Vs Trustline NRI Account Comparison

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

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

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ICICIdirect Vs Trustline

  ICICIdirect 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 ICICIdirect. 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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ICICIdirect Vs Trustline Charges

  ICICIdirect Trustline
NRI Account Opening Fees ₹4000 ₹0
NRI Account AMC ₹0 ₹1000 + GST
NRI Demat Account Opening Fees Rs 0 (Free) Regular: Rs 0, Lifetime Free AMC: Rs 1000
NRI Demat Account AMC Rs 300 (from 2nd year) Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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ICICIdirect Vs Trustline NRI Account Brokerage Comparison

Brokerage Plan

  ICICIdirect 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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ICICIdirect Vs Trustline NRI Account Taxes/Fees

  ICICIdirect 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 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 Trustline NRI Account Exposure Margin

  ICICIdirect Trustline
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 Trustline NRI Account Feature Comparison

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

  ICICIdirect Trustline
  453 Customer Reviews    Rate ICICIdirect 2 Customer Reviews    Rate Trustline
Fees 2.2 4.0
Brokerage 1.7 3.5
Trading Platform 3.3 4.5
Customer Service 2.7 4.5
Overall Rating Rated 2.4 stars Rated 4.5 stars
Broker Rating ICICIdirect is Rated 2.4 / 5 based on 453 customer reviews Trustline is Rated 4.5 / 5 based on 2 customer reviews
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Contact Broker / Request A Call Back

  ICICIdirect Trustline
Contact Broker
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ICICIdirect Vs Trustline NRI Investment Options

  ICICIdirect 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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ICICIdirect Vs Trustline NRI Customer Service

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

  ICICIdirect 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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ICICIdirect Vs Trustline - NRI Account Advantages and Disadvantages

  ICICIdirect 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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ICICIdirect Vs Trustline - More Reviews

  ICICIdirect Trustline
NRI Trading Review ICICIdirect NRI Account Review Trustline NRI Account Review
Enquire ICICIdirect Enquire Trustline
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