ICICI Direct Vs Anand Rathi (Compare ICICI Direct and Anand Rathi)


ICICI Direct
ICICI Direct is one of the largest retail stock brokers in India. It is part of the ICICI Group. It offers online trading and investment services to over 50 lakhs customers. The services offered include equity, commodity, and currency trading at BSE, NSE, and MCX. The company also offers Mutual Fund & IPO, Fixed deposits, Bond, NCD, wealth products, Home Loans, Loans against Securities, etc. ICICI Direct's most popular service is its 3-in-1 account, which includes ICICI Bank Account, ICICI ... Know more about ICICI Securities Pvt Ltd.


Anand Rathi
Incorporated in 1994, Anand Rathi is Mumbai, India based firm engaged in financial and advisory services which includes wealth management, investment banking, corporate advisory, brokerage & distribution of equities, commodities, mutual funds and insurance. Anand Rathi is a full service broker offering brokerage services to retail and institutional customers. Anand Rathi has a presence in India as well as internationally through offices in Dubai and Bangkok. Anand Rathi has network of 350+ br... Know more about Anand Rathi

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ICICI Direct Vs Anand Rathi

Incorporated in 2000, ICICI Direct is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 1994, Anand Rathi is a Full Service Broker. It offers trading at NSE, BSE, MCX, NCDEX & NSEL. It has 1200 branches across India.

  ICICI Direct Anand Rathi
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE NSE, BSE, MCX, NCDEX & NSEL
Year of Incorporation 2000 1994
Number of Branches 154 1200
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ICICI Direct Vs Anand Rathi Charges & AMC

ICICI Direct trading account opening charges is Rs 0 (Free) while Anand Rathi account opening changes is Rs 750. ICICI Direct Demat Account AMC Charges is Rs 300 (from 2nd year) and Anand Rathi Demat Account AMC Charges is Rs 299 from second year onward.

  ICICI Direct Anand Rathi
Trading Account Opening Charges Rs 0 (Free) Rs 750
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 550
Demat Account AMC Charges Rs 300 (from 2nd year) Rs 299 from second year onward
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ICICI Direct Vs Anand Rathi Brokerage Charges & Plans

ICICI Direct Vs Anand Rathi Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas Anand Rathi brokerage charges for equity is 0.5% - 0.15% and intraday is 0.05% -0.015%.

  ICICI Direct Anand Rathi
Account Type ICICI Neo Plan Standard Plan
Fixed Charges NA NA
Equity Delivery 0.55% 0.5% - 0.15%
Equity Intraday Rs 20 per order 0.05% -0.015%
Equity Futures Rs 0 (Free) 0.05% - 0.015%
Equity Options Rs 20 per order Rs 75 to Rs 20
Currency Futures Rs 20 per order 0.05% - 0.015%
Currency Options Rs 20 per order Rs 75 to Rs 20
Commodity Futures Rs 20 per order 0.008% - 0.05%
Commodity Options Rs 20 per order
Special Offer
Special Offer: ICICIDirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now

ICICI Direct Vs Anand Rathi Brokerage Plan 2

  ICICI Direct Anand Rathi
Account Type I-Secure Plan Standard Plan
Fixed Charges NA NA
Equity Delivery 0.55% 0.5% - 0.15%
Equity Intraday 0.275% 0.05% -0.015%
Equity Futures 0.05% 0.05% - 0.015%
Equity Options Rs 95 per lot Rs 75 to Rs 20
Currency Futures Rs 20 per order 0.05% - 0.015%
Currency Options Rs 20 per order Rs 75 to Rs 20
Commodity Futures Rs 20 per order 0.008% - 0.05%
Commodity Options Rs 20 per order
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ICICI Direct Charges Vs Anand Rathi

Minimum Brokerage Rs 35 per trade (I-Secure Plan)
Other Charges Margin Trading Interest: 0.025% Per day
Call & Trade Charges Rs 50 per trade
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ICICI Direct Vs Anand Rathi Transaction Charges

ICICI Direct transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while Anand Rathi exchange transaction charges for options is Rs 7000 per Cr (0.07%).

  ICICI Direct Anand Rathi
Equity Delivery NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) NSE Rs 350 per Cr (0.0035%) | BSE Rs 350 per Cr (0.0035%) (each side)
Equity Intraday NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) NSE Rs 350 per Cr (0.0035%) | BSE Rs 350 per Cr (0.0035%) (each side)
Equity Futures Rs 180 per Cr (0.0018%) NSE Rs 410 per Cr (0.0041%) | BSE Rs 210 per Cr (0.0021%) (each side)
Equity Options Rs 5000 per Cr (0.05%) (on premium) Rs 7000 per Cr (0.07%)
Currency Futures Rs 120 per Cr (0.0012%) Rs 350 per Cr (0.0035%)
Currency Options Rs 5000 per Cr (0.05%) (on premium) Rs 7000 per Cr (0.07%)
Commodity Group A - Rs 260 per Cr (0.0026%) Rs 350 per Cr (0.0035%)
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ICICI Direct Vs Anand Rathi Leverage (Margin)

ICICI Direct margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Anand Rathi margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  ICICI Direct Anand Rathi
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare ICICI Direct and Anand Rathi Features

The trading platforms offered ICICI Direct include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Anand Rathi offers Trade X trading software.

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

ICICI Direct is rated 2.4 of 5 based on 449 customer reviews whereas Anand Rathi is rated 3.1 of 5 based on 14 customer reviews.

  ICICI Direct Anand Rathi
  449 Customer Reviews    Rate ICICI Direct 14 Customer Reviews    Rate Anand Rathi
Fees 2.2 3.2
Brokerage 1.7 3.2
Trading Platform 3.3 3.0
Customer Service 2.7 3.4
Research Capabilities 2.9 3.5
Overall Ratings Rated 2.4 stars Rated 3.1 stars
Broker Rating ICICI Direct is rated 2.4 of 5 based on 449 customer reviews Anand Rathi is rated 3.1 of 5 based on 14 customer reviews
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Contact Broker / Request A Call Back

  ICICI Direct Enquire Anand Rathi Enquire
Contact Broker ICICIDirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now Leave your contact information and we will get in touch with you....
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ICICI Direct Vs Anand Rathi Investment Options

  ICICI Direct Anand Rathi
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
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 Anand Rathi Order Type Offered

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

  ICICI Direct Anand Rathi
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 Anand Rathi Suitable For Investor Type

  ICICI Direct Anand Rathi
Casual Investor Yes
Active Investor Yes
Trader
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ICICI Direct Vs Anand Rathi - Pros and Cons

  ICICI Direct Anand Rathi
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.
  1. They have 200 branches for extensive reach.
  2. call & trade is also available.
  3. Investment online in IPOs, Mutual Funds, GOI Bonds all from one website. General Insurance is also available.
  4. Trading is available in both BSE and NSE.
  5. Low bandwidth website is available for slow internet connection or for trading from mobile devices.
Cons
  • ICICI Security charges highest brokerage in comparison to most of the retail brokers in India.
  • Very high 'minimum brokerage' of Rs 35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hours of trading.
  • Trading Terminal (Trade Racer) cost Rs 75 per month if brokerage paid in a month is less then Rs 750.
  • Demat Account is mandatory.
  • Call & trade cost extra Rs 50 per trade in Neo/Prime Plans.
  1. AnandRathi brokerage is high and not negotiable.
  2. They don't offer 3 in 1 account.
  3. There are some extra charges for their featured products.
Reviews
Promo / Offers

ICICIDirect Neo Plan (Discount Brokerage)

Open a 3-in-1 account with Neo Plan for:

  • Free Account Opening
  • Brokerage-Free Equity Futures trading
  • Flat Rs 20 per trade brokerage (Intraday and F&O) in BSE, NSE and MCX
  • Free trading tips
  • Get funds in your bank account in just 30 minutes of selling stocks

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