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ICICI Direct Vs RMoney (Compare ICICI Direct and RMoney)

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

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

Our ICICI Securities Pvt Ltd. comparison with Raghunandan Capital Pvt Ltd highlights the major differences between two brokers. Find the best between ICICI Direct and RMoney.

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ICICI Direct Vs RMoney

  ICICI Direct RMoney
Find more info about broker
ICICI Securities Pvt Ltd. Logo Raghunandan Capital Pvt 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 2004, Raghunandan Money (RMoney) is Agra based financial service provider. The company offers a range of financial products. This including Online Stock & Commodity Broking, Mutual Funds, IPO, Insurance (Life & General), Bonds... Know more about Raghunandan Capital Pvt Ltd
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE BSE, NSE, MCX, NCDEX
Account Type 3-in-1 Account (I-Secure Plan) Zero Brokerage Plans
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 RMoney. Leave your contact info and we will get in touch with you.
Year of Incorporation 2000
Number of Branches 154
Enquire ICICI Direct Enquire RMoney
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ICICI Direct Vs RMoney Charges

  ICICI Direct RMoney
Trading Account Opening Fees ₹975 ₹0 (Free)
Trading Account AMC ₹0 ₹0 (Free)
Demat Account Opening Fees ₹0 ₹0 (Free)
Demat Account AMC ₹450 ₹0 for lifetime (Free)
Demat Account is Mandatory? No No
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ICICI Direct Vs RMoney Brokerage

Brokerage Plan 1

  ICICI Direct RMoney
Account Type 3-in-1 Account (I-Secure Plan) Zero Brokerage Plans
Fixed Charges
Equity Delivery Brokerage 0.55% ₹0 (Free)
Equity Intraday Brokerage 0.275% ₹18 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.05% to 0.03% ₹18 per executed order or .01% whichever is lower
Equity Options Brokerage ₹95 to ₹35 per lot ₹18 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage 0.050% to 0.030% ₹18 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹25 to ₹10 per lot ₹18 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage NA ₹18 per executed order or .01% whichever is lower
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: RMoney ₹0 Account Opening Fee + ₹0 Demat AMC (for Life) + Free Call & Trade Get the offer

Brokerage Plan 2

  ICICI Direct RMoney
Account Type I-Saver Plan Happy Service Plan
Fixed Charges NA
Equity Delivery Brokerage 0.75% to 0.25% 0.10% to 0.40%
Equity Intraday Brokerage 0.75% to 0.25% 0.01% to 0.04%
Equity Futures Brokerage 0.05% to 0.03% 0.005% to 0.02%
Equity Options Brokerage ₹95 to ₹65 per lot ₹20 to ₹80 per lot
Currency Futures Trading Brokerage 0.05% to 0.03% 0.005% to 0.02%
Currency Options Trading Brokerage 0.25 to ₹65 per lot 0.005% to 0.02%
Commodity Futures Trading Brokerage NA 0.005% to 0.02%
Commodity Options Trading Brokerage NA

Brokerage Plan 3

  ICICI Direct RMoney
Account Type ICICIdirect Prime Plan Zero Brokerage Plans
Fixed Charges ₹900 NA
Equity Delivery Brokerage 0.25% ₹0 (Free)
Equity Intraday Brokerage 0.25% ₹18 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.025% ₹18 per executed order or .01% whichever is lower
Equity Options Brokerage ₹35 ₹18 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage ₹0 ₹18 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹0 ₹18 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage NA ₹18 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage NA

Other Charges

Minimum Brokerage Charges ₹35 per trade ₹0
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹100 per month per segment
Call & Trade Charges ₹25 per call after first 20 free calls per month ₹0 (Unlimited Calls)
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ICICI Direct Vs RMoney Taxes

  ICICI Direct RMoney
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 RMoney Transaction Charges

  ICICI Direct RMoney
Equity Delivery NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) NSE ₹325 per crore | BSE ₹275 per crore (0.00275%)
Equity Intraday NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) NSE ₹325 per crore | BSE ₹275 per crore (0.00275%
Equity Futures ₹180 per Cr (0.0018%) NSE ₹250 per crore | BSE ₹110 per crore (0.0011%)
Equity Options ₹5000 per Cr (0.05%) (on premium) NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%)
Currency Futures ₹120 per Cr (0.0012%) NSE, BSE - ₹150 per crore (0.0015%)
Currency Options ₹5000 per Cr (0.05%) (on premium) NSE, BSE - ₹7500 (on premium) per crore (0.075%)
Commodity NA MCX ₹325 (0.00325%) | NCDEX ₹600 per Cr(0.006%)
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ICICI Direct Vs RMoney Exposure Margin

  ICICI Direct RMoney
Equity Delivery 5x with Interest Zero Brokerage Plan: 1x | Happy Service Plan: 3x (balance on T+5)
Equity Intraday Upto 25x 20x (5%) (Intraday Only)
Equity Futures 4x Stock Intraday 40x (2.5%), Index Intraday: 67x (1.5%)
Equity Options 2x for shorting Stock Sell Intraday 40x (2.5%), Index Sell Intraday 67x (1.5%), Buy: No margin
Currency Futures NA Intraday - 100X (1%)
Currency Options NA Intraday - 100X (1%)
Commodity Futures NA Intraday - 77X (1.3%)
Commodity Options
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ICICI Direct and RMoney Feature Comparison

  ICICI Direct RMoney
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 No
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 RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications)
Intraday Square-off Time 3:30 PM Equity 3:15 PM
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Referral Program
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ICICI Direct Vs RMoney Review

  ICICI Direct RMoney
  405 Customer Reviews    Rate ICICI Direct 3 Customer Reviews    Rate RMoney
Fees Ratings 2.3 4.7
Trading Brokerage Rating 1.7 4.7
Trading Platform Usability 3.4 4.3
Customer Service Ratings 2.8 4.0
Overall Ratings Rated 2.4 stars Rated 4.0 stars
Broker Rating ICICI Direct is Rated 2.4 / 5 based on 405 customer reviews RMoney is Rated 4.0 / 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

  ICICI Direct Enquire RMoney 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.

RMoney ₹0 Account Opening Fee + ₹0 Demat AMC (for Life) + Free Call & Trade Get the offer

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ICICI Direct Vs RMoney Investment Options

  ICICI Direct RMoney
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 Corporate FD, Life Instance, General Insurance
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ICICI Direct Vs RMoney Customer Service

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

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

  ICICI Direct RMoney
Daily Market Report Yes Yes
Free Tips Yes No
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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ICICI Direct Vs RMoney Suitable For Investor Type

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

  ICICI Direct RMoney
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. Offer both discount brokerage as well as full-service brokerage plans.
  2. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment
  3. ODIN trading platform is available free of cost to all customers.
  4. Unlimited free Call & Trades.
  5. Local branches in major cities across North India.
  6. Free tips, research and news alerts.
  7. Online paperless instant account opening.

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. Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month.
  2. RMoney QUICK Mobile Trading app is under active development. The app has performance and stability issues. App also missing key features which are part of competitor's trading app.
  3. Margin funding is not available.
  4. GTC/GTD not available in Equity.
  5. NRI Account is not available.

More Disadvantages...

Reviews Useful Articles:
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.

Lifetime FREE AMC Demat Account + Free Call & Trade

Get free lifetime free AMC demat account and pay flat ₹18 brokerage. In addition, get free account opening and free call & trade. To open an account, simply leave your contact information and RMoney representatives will call you.

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