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ICICI Direct Vs SBI Securities (Compare ICICI Direct and SBI Securities)

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

Find out ICICI Direct Vs SBI Securities which is better and ICICI Direct Vs SBI Securities which is best.

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

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ICICI Direct Vs SBI Securities

  ICICI Direct SBI Securities
Find more info about broker
ICICI Securities Pvt Ltd. Logo SBICAP Securities 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. SBICAP Securities Ltd (SSL) is the stock broking arm of the State Bank Group and a 100% subsidiary of SBI Capital Markets Ltd. SSL is a full-service stock broker. Founded in 2006, the company's services include Institution Equity, Retail Equity, Deri... Know more about SBICAP Securities Ltd
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE BSE, NSE
Account Type 3-in-1 Account (I-Secure Plan) eZ-trade
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 SBI Securities. Leave your contact info and we will get in touch with you.
Year of Incorporation 2000 2001
Number of Branches 154 117
Enquire ICICI Direct Enquire SBI Securities
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ICICI Direct Vs SBI Securities Charges

  ICICI Direct SBI Securities
Trading Account Opening Fees ₹975 ₹850
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹0 ₹0
Demat Account AMC ₹700 ₹350
Demat Account is Mandatory? No No
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ICICI Direct Vs SBI Securities Brokerage

Brokerage Plan 1

  ICICI Direct SBI Securities
Account Type 3-in-1 Account (I-Secure Plan) eZ-trade
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 ₹100 per lot
Currency Futures Trading Brokerage 0.050% to 0.030% 0.03%
Currency Options Trading Brokerage ₹25 to ₹10 per lot ₹30 per lot
Commodity Futures Trading Brokerage NA NA
Commodity Options Trading Brokerage NA 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.

Brokerage Plan 2

  ICICI Direct SBI Securities
Account Type I-Saver Plan eZ-trade
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 ₹100 per lot
Currency Futures Trading Brokerage 0.05% to 0.03% 0.03%
Currency Options Trading Brokerage 0.25 to ₹65 per lot ₹30 per lot
Commodity Futures Trading Brokerage NA NA
Commodity Options Trading Brokerage NA NA

Brokerage Plan 3

  ICICI Direct SBI Securities
Account Type ICICIdirect Prime Plan eZ-trade
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 ₹100 per lot
Currency Futures Trading Brokerage ₹0 0.03%
Currency Options Trading Brokerage ₹0 ₹30 per lot
Commodity Futures Trading Brokerage NA NA
Commodity Options Trading Brokerage NA NA

Other Charges

Minimum Brokerage Charges ₹35 per trade ₹0.05 for Cash, ₹0.01 Future
Other Brokerage Charges
Call & Trade Charges ₹25 per call after first 20 free calls per month ₹10 per call (after 30 free calls a month)
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ICICI Direct Vs SBI Securities Taxes

  ICICI Direct SBI Securities
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 SBI Securities Transaction Charges

  ICICI Direct SBI Securities
Equity Delivery NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) NSE: 0.00386% | BSE: 0.00384%
Equity Intraday NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) NSE: 0.00386% | BSE: 0.00384%
Equity Futures ₹180 per Cr (0.0018%) NSE: 0.002206% (₹221/Crore)
Equity Options ₹5000 per Cr (0.05%) (on premium) NSE: 0.05515% (₹5515/Crore)
Currency Futures ₹120 per Cr (0.0012%) 0.002206%
Currency Options ₹5000 per Cr (0.05%) (on premium) NSE: 0.05515% (₹5515/Crore)
Commodity NA
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ICICI Direct Vs SBI Securities Exposure Margin

  ICICI Direct SBI Securities
Equity Delivery 5x with Interest 2x with Intrest
Equity Intraday Upto 25x Upto 5x
Equity Futures 4x Nil
Equity Options 2x for shorting Nil
Currency Futures NA Nil
Currency Options NA Nil
Commodity Futures NA NA
Commodity Options
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ICICI Direct and SBI Securities Feature Comparison

  ICICI Direct SBI Securities
3 in 1 Account Yes Yes
Charting Yes No
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
Margin Against Shares (Equity F&O) Yes
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App SBI Smart Express, SBI Smart Web, SBI Smart Mobile
Intraday Square-off Time 3:30 PM 2:45 PM
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Referral Program
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ICICI Direct Vs SBI Securities Review

  ICICI Direct SBI Securities
  411 Customer Reviews    Rate ICICI Direct 130 Customer Reviews    Rate SBI Securities
Fees 2.3 3.2
Trading Brokerage 1.7 2.8
Trading Platform Usability 3.4 2.6
Customer Service 2.8 2.8
Research Capabilities 4.3
Overall Ratings Rated 2.4 stars Rated 2.6 stars
Broker Rating ICICI Direct is Rated 2.4 / 5 based on 411 customer reviews SBI Securities is Rated 2.6 / 5 based on 130 customer reviews
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Contact Broker / Request A Call Back

  ICICI Direct Enquire SBI Securities 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.

Leave your contact information and we will get in touch with you....

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ICICI Direct Vs SBI Securities Investment Options

  ICICI Direct SBI Securities
Stock / Equity Yes Yes
Commodity No No
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 SBI Securities Customer Service

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

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

  ICICI Direct SBI Securities
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 SBI Securities Suitable For Investor Type

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

  ICICI Direct SBI Securities
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...

  • Offer 3-in-1 account for seamless transactions.
  • Full-service broker offering services online as well as through branches.
  • Wide range of investment options.
  • Free research reports are available.

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...

  • Installable Trading Terminal (exe) is not available for frequent traders.
  • Good Till Cancelled (GTC) orders are not available.
  • Very high brokerage.
  • Commodity (MCX) trading is 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.

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