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ICICIDirect Vs IIFL (Compare ICICIDirect and IIFL)

The side-by-side comparison of ICICIDirect and IIFL. Compare ICICIDirect Vs IIFL brokerage, charges, exposure margin, demat account. Read IIFL and ICICIDirect review.

Find out ICICIDirect Vs IIFL which is better and ICICIDirect Vs IIFL which is best.

Our ICICI Securities Pvt Ltd. comparison with IIFL Securities Limited highlights the major differences between two brokers. Find the best between ICICIDirect and IIFL.

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ICICIDirect Vs IIFL

  ICICIDirect IIFL
Find more info about broker
ICICI Securities Pvt Ltd. Logo IIFL Securities Limited Logo
About the Broker ICICIdirect 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 Group... Know more about ICICI Securities Pvt Ltd. Incorporated in 1995, India Infoline (IIFL) is the brokerage firm of India Infoline Group, a fastest growing financial services solution provider in India. India Infoline is listed on BSE (532636) and NSE (INDIAINFO) for securities trading. IIFL off... Know more about IIFL Securities Limited
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE NSE, BSE, MCX
Account Type 3-in-1 Account (I-Secure Plan) Standard 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 IIFL. Leave your contact info and we will get in touch with you.
Year of Incorporation 2000 1996
Number of Branches 154 900
Enquire ICICIDirect Enquire IIFL
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ICICIDirect Vs IIFL Charges

  ICICIDirect IIFL
Trading Account Opening Fees ₹975 ₹750
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹0 ₹555
Demat Account AMC ₹450 ₹ 400 (One time)
Demat Account is Mandatory? No No
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ICICIDirect Vs IIFL Brokerage

Brokerage Plan 1

  ICICIDirect IIFL
Account Type 3-in-1 Account (I-Secure Plan) Standard Account
Fixed Charges
Equity Delivery Brokerage 0.55% 0.50%
Equity Intraday Brokerage 0.275% 0.05%
Equity Futures Brokerage 0.05% to 0.03% 0.05%
Equity Options Brokerage ₹95 to ₹35 per lot 1% of Premium or ₹100 per lot whichever is high
Currency Futures Trading Brokerage 0.050% to 0.030% ₹25 per lot
Currency Options Trading Brokerage ₹25 to ₹10 per lot 1% of Premium or ₹100 per lot whichever is high
Commodity Futures Trading Brokerage NA 0.05%
Commodity Options Trading Brokerage NA

Brokerage Plan 2

  ICICIDirect IIFL
Account Type I-Saver Plan Standard Account
Fixed Charges
Equity Delivery Brokerage 0.75% to 0.25% 0.50%
Equity Intraday Brokerage 0.75% to 0.25% 0.05%
Equity Futures Brokerage 0.05% to 0.03% 0.05%
Equity Options Brokerage ₹95 to ₹65 per lot 1% of Premium or ₹100 per lot whichever is high
Currency Futures Trading Brokerage 0.05% to 0.03% ₹25 per lot
Currency Options Trading Brokerage 0.25 to ₹65 per lot 1% of Premium or ₹100 per lot whichever is high
Commodity Futures Trading Brokerage NA 0.05%
Commodity Options Trading Brokerage NA

Brokerage Plan 3

  ICICIDirect IIFL
Account Type ICICIdirect Prime Plan Standard Account
Fixed Charges ₹900
Equity Delivery Brokerage 0.25% 0.50%
Equity Intraday Brokerage 0.25% 0.05%
Equity Futures Brokerage 0.025% 0.05%
Equity Options Brokerage ₹35 1% of Premium or ₹100 per lot whichever is high
Currency Futures Trading Brokerage ₹0 ₹25 per lot
Currency Options Trading Brokerage ₹0 1% of Premium or ₹100 per lot whichever is high
Commodity Futures Trading Brokerage NA 0.05%
Commodity Options Trading Brokerage NA

Other Charges

Minimum Brokerage Charges ₹35 per trade ₹0.05 per share
Other Brokerage Charges Advisory SMS - ₹50 per month
Call & Trade Charges ₹25 per call after first 20 free calls per month ₹50 per call
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ICICIDirect Vs IIFL Taxes

  ICICIDirect IIFL
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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ICICIDirect Vs IIFL Transaction Charges

  ICICIDirect IIFL
Equity Delivery NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) 0.00325%
Equity Intraday NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) 0.00325%
Equity Futures ₹180 per Cr (0.0018%) 0.0021%
Equity Options ₹5000 per Cr (0.05%) (on premium) 0.051% on premium
Currency Futures ₹120 per Cr (0.0012%) 0.0021%
Currency Options ₹5000 per Cr (0.05%) (on premium) 0.051% on premium
Commodity NA 0.0028%
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ICICIDirect Vs IIFL Exposure Margin

  ICICIDirect IIFL
Equity Delivery 5x with Interest Upto 3x with 18% interest per year
Equity Intraday Upto 25x Upto 20x
Equity Futures 4x Upto 3x
Equity Options 2x for shorting 3x for shorting
Currency Futures NA Upto 2x
Currency Options NA 2x for shorting
Commodity Futures NA Upto 3x
Commodity Options
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ICICIDirect and IIFL Feature Comparison

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

  ICICIDirect IIFL
  405 Customer Reviews    Rate ICICIDirect 106 Customer Reviews    Rate IIFL
Fees Ratings 2.3 2.9
Trading Brokerage Rating 1.7 2.6
Trading Platform Usability 3.4 3.3
Customer Service Ratings 2.8 2.7
Overall Ratings Rated 2.4 stars Rated 2.7 stars
Broker Rating ICICIDirect is Rated 2.4 / 5 based on 405 customer reviews IIFL is Rated 2.7 / 5 based on 106 customer reviews
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Contact Broker / Request A Call Back

  ICICIDirect Enquire IIFL Enquire
Contact Broker
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ICICIDirect Vs IIFL Investment Options

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

  ICICIDirect IIFL
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes Yes
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ICICIDirect Vs IIFL Order Type Offered

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

  ICICIDirect IIFL
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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ICICIDirect Vs IIFL Suitable For Investor Type

  ICICIDirect IIFL
Casual Investor Yes Yes
Active Investor
Trader
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ICICIDirect Vs IIFL - Advantages and Disadvantages

  ICICIDirect IIFL
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. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. India Infoline Ltd is a publicly traded company listed at BSE and NSE.

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. SMS alerts at additional ₹249 per month
  2. Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
  3. India Infoline doesn't provide 3-in-1 account.

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.

Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer
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IIFL Vs Kotak Securities
IIFL Vs Motilal Oswal
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IIFL Vs SBI Securities
IIFL Vs Geojit
IIFL Vs Religare
IIFL Vs Edelweiss
IIFL Vs Reliance Securities
IIFL Vs SMC Global
IIFL Vs Nirmal Bang
IIFL Vs 5paisa
IIFL Vs Ventura
IIFL Vs Upstox
IIFL Vs Anand Rathi
IIFL Vs Master Trust
IIFL Vs Indiabulls
IIFL Vs Aditya Birla Money
IIFL Vs Bonanza
IIFL Vs SAMCO
IIFL Vs TradingBells
IIFL Vs IDBI Capital
IIFL Vs TradeSmart
IIFL Vs SAS Online
IIFL Vs iTradeOnline
IIFL Vs RK Global
IIFL Vs Tradeplus
IIFL Vs Tradejini
IIFL Vs Alice Blue
IIFL Vs Wisdom Capital
IIFL Vs Fyers
IIFL Vs Finvasia
IIFL Vs ProStocks
IIFL Vs RMoney
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