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ICICI Direct Vs Edelweiss (Compare ICICI Direct and Edelweiss)

The side-by-side comparison of ICICI Direct and Edelweiss. Compare ICICI Direct Vs Edelweiss brokerage, charges, exposure margin, demat account. Read Edelweiss and ICICI Direct review.

Find out ICICI Direct Vs Edelweiss which is better and ICICI Direct Vs Edelweiss which is best.

Our ICICI Securities Pvt Ltd. comparison with Edelweiss Broking Ltd highlights the major differences between two brokers. Find the best between ICICI Direct and Edelweiss.

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ICICI Direct Vs Edelweiss

  ICICI Direct Edelweiss
Find more info about broker
ICICI Securities Pvt Ltd. Logo Edelweiss Broking Ltd Logo
About the Broker ICICI Direct is a retail trading and investment service from ICICI Securities, the largest retail stock broker firm in India offering a wide range of investment options to the retail and institutional customers. ICICI Securities is part of ICICI Grou... Know more about ICICI Securities Pvt Ltd. Incorporated in 2008, Edelweiss Broking Ltd. is a Mumbai, India based full- service stockbroking firm. The company is a part of Edelweiss Group, incorporated in 1995, a leading diversified financial services conglomerate. The Retail Broking business... Know more about Edelweiss Broking Ltd
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE BSE, NSE, MCX, NCDEX
Account Type 3-in-1 Account (I-Secure Plan) Edelweiss Lite
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 Edelweiss. Leave your contact info and we will get in touch with you.
Year of Incorporation 2000 2002
Number of Branches 154 237
Enquire ICICI Direct Enquire Edelweiss
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ICICI Direct Vs Edelweiss Charges

  ICICI Direct Edelweiss
Trading Account Opening Fees ₹975 ₹750
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹0 ₹0
Demat Account AMC ₹700 Free (₹300 2nd year onward)
Demat Account is Mandatory? No No
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ICICI Direct Vs Edelweiss Brokerage

Brokerage Plan 1

  ICICI Direct Edelweiss
Account Type 3-in-1 Account (I-Secure Plan) Edelweiss Lite
Fixed Charges
Equity Delivery Brokerage 0.55% ₹10 or 0.01% whichever lower
Equity Intraday Brokerage 0.275% ₹10 or 0.01% whichever lower
Equity Futures Brokerage 0.05% to 0.03% ₹10 or 0.01% whichever lower
Equity Options Brokerage ₹95 to ₹35 per lot ₹10 or executed order
Currency Futures Trading Brokerage 0.050% to 0.030% ₹10 or 0.01% whichever lower
Currency Options Trading Brokerage ₹25 to ₹10 per lot ₹10 or executed order
Commodity Futures Trading Brokerage NA
Commodity Options Trading Brokerage NA
Special Offer
Special Offer: Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.
Special Offer: [Full-service Discount Brokerage Plan] Trade @ flat ₹10 per order. Get free trading and demat account (₹750 waived on account opening) for limited time. Request a Callback.

Brokerage Plan 2

  ICICI Direct Edelweiss
Account Type I-Saver Plan Prepaid Plan (₹12,000 for 12 months)
Fixed Charges ₹12,000 + ₹1,800 (Service tax)
Equity Delivery Brokerage 0.75% to 0.25% 0.30%
Equity Intraday Brokerage 0.75% to 0.25% 0.03%
Equity Futures Brokerage 0.05% to 0.03% 0.03%
Equity Options Brokerage ₹95 to ₹65 per lot ₹90 per lot
Currency Futures Trading Brokerage 0.05% to 0.03% 0.04%
Currency Options Trading Brokerage 0.25 to ₹65 per lot ₹22 per lot
Commodity Futures Trading Brokerage NA
Commodity Options Trading Brokerage NA

Brokerage Plan 3

  ICICI Direct Edelweiss
Account Type ICICIdirect Prime Plan Prepaid Plan (₹1,12,000 for 12 months)
Fixed Charges ₹900 ₹1,12,000 + ₹16,800 (Service tax)
Equity Delivery Brokerage 0.25% 0.10%
Equity Intraday Brokerage 0.25% 0.01%
Equity Futures Brokerage 0.025% 0.01%
Equity Options Brokerage ₹35 ₹25 per lot
Currency Futures Trading Brokerage ₹0 0.01%
Currency Options Trading Brokerage ₹0 ₹6 per lot
Commodity Futures Trading Brokerage NA
Commodity Options Trading Brokerage NA

Other Charges

Minimum Brokerage Charges ₹35 per trade 3 paisa per share in delivery, 1 paisa per share on Intraday and Futures
Other Brokerage Charges
Call & Trade Charges ₹25 per call after first 20 free calls per month ₹20 per call
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ICICI Direct Vs Edelweiss Taxes

  ICICI Direct Edelweiss
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.
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ICICI Direct Vs Edelweiss Transaction Charges

  ICICI Direct Edelweiss
Equity Delivery NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)
Equity Intraday NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)
Equity Futures ₹180 per Cr (0.0018%) NSE ₹190 per Cr (0.0019%) | BSE ₹190 per Cr (0.0019%) (each side)
Equity Options ₹5000 per Cr (0.05%) (on premium) NSE ₹5000 per Cr (0.05%) | BSE ₹5000 per Cr (0.05%) (on premium)
Currency Futures ₹120 per Cr (0.0012%) NSE ₹115 per Cr (0.00115%) | BSE ₹115 per Cr (0.00115%)
Currency Options ₹5000 per Cr (0.05%) (on premium) ₹4000 per Cr (0.04%) (on premium)
Commodity NA
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ICICI Direct Vs Edelweiss Exposure Margin

  ICICI Direct Edelweiss
Equity Delivery 5x with Interest Up to 10x
Equity Intraday Upto 25x Up to 40x
Equity Futures 4x 40x
Equity Options 2x for shorting Nil
Currency Futures NA 1.5x
Currency Options NA Nil
Commodity Futures NA Up to 6x
Commodity Options
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ICICI Direct and Edelweiss Feature Comparison

  ICICI Direct Edelweiss
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Edelweiss Xpress
Intraday Square-off Time 3:30 PM 3:00 PM
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Referral Program
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ICICI Direct Vs Edelweiss Review

  ICICI Direct Edelweiss
  411 Customer Reviews    Rate ICICI Direct 44 Customer Reviews    Rate Edelweiss
Fees 2.3 3.2
Trading Brokerage 1.7 3.2
Trading Platform Usability 3.4 3.6
Customer Service 2.8 2.8
Research Capabilities 4.3 2.5
Overall Ratings Rated 2.4 stars Rated 3.1 stars
Broker Rating ICICI Direct is Rated 2.4 / 5 based on 411 customer reviews Edelweiss is Rated 3.1 / 5 based on 44 customer reviews
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Contact Broker / Request A Call Back

  ICICI Direct Enquire Edelweiss Enquire
Contact Broker

Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.

[Full-service Discount Brokerage Plan] Trade @ flat ₹10 per order. Get free trading and demat account (₹750 waived on account opening) for limited time. Request a Callback.

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ICICI Direct Vs Edelweiss Investment Options

  ICICI Direct Edelweiss
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS
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ICICI Direct Vs Edelweiss Customer Service

  ICICI Direct Edelweiss
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes Yes
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ICICI Direct Vs Edelweiss Order Type Offered

  ICICI Direct Edelweiss
Bracket Order No No
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes No
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ICICI Direct Vs Edelweiss Research Report

  ICICI Direct Edelweiss
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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ICICI Direct Vs Edelweiss Suitable For Investor Type

  ICICI Direct Edelweiss
Casual Investor Yes
Active Investor Yes
Trader Yes
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ICICI Direct Vs Edelweiss - Advantages and Disadvantages

  ICICI Direct Edelweiss
Pros
  • Offers 3-in-1 account which makes stock market investment very easy for casual investors.
  • Wide range of investment options available under one portal.
  • Provides a low bandwidth website which works well where internet connection is slow.
  • GTC (good till cancellation) and off-market hours order placement facility is very useful.

More Advantages...

1. Full service broker offering discount brokerage plan. Trade at flat ₹10 per executed order across all segments. 3. Offer commodity trading on the same trading trading platform. 4. Free research and trading tips calls to all the customers.

More Advantages...

Cons
  • ICICI Security charges highest brokerage in comparison to most of the retail broke₹in India.
  • Very high 'minimum brokerage' of ₹35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hou₹of trading.
  • Trading Terminal (Trade Racer) cost ₹75 per month if brokerage paid in a month is less then ₹750.
  • Demat Account is mandatory.
  • Commodity trading is not available for retail investors.
  • Call & trade cost extra ₹25 per call after first 20 free calls in a month.

More Disadvantages...

1. IPO cannot be applied online. 2. Bracket order is not available. 3. Good Till cancelled orders are not available.

More Disadvantages...

Reviews
Promo / Offers

ICICI 3-in-1 Account

ICICI Direct offers a 3-in-1 account, a combination of saving bank, trading and demat account. It offers one-click investment in Equity, Derivatives, Mutual Funds, IPO, ETF, Life Insurance, General Insurance, Currency, and Fixed Deposits.

Interested in opening a trading account? Request Callback from a stock broker.

Edelweiss Lite (Discount Brokerage Plan) + Free Trading & Demat Account (for limited time only)

Edelweiss offers FREE Trading + Demat Account (₹750 waived). Get a discount trading plan offering trading @ ₹10 per order flat rate. Save over 60% on brokerage in comparison of other full-service brokers.

This is a limited time offer. Simply leave your contact information with us and Edelweiss representatives will contact you.

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