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

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

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

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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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	14 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
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

ICICI Direct Vs Anand Rathi Investment Options

	ICICI Direct	Anand Rathi
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS

ICICI Direct Vs Anand Rathi Order Type Offered

	ICICI Direct	Anand Rathi
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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ICICI Direct Vs Anand Rathi Research Report

	ICICI Direct	Anand Rathi
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

ICICI Direct Vs Anand Rathi Suitable For Investor Type

	ICICI Direct	Anand Rathi
Casual Investor
Active Investor
Trader

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.	They have 200 branches for extensive reach. call & trade is also available. Investment online in IPOs, Mutual Funds, GOI Bonds all from one website. General Insurance is also available. Trading is available in both BSE and NSE. 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.	AnandRathi brokerage is high and not negotiable. They don't offer 3 in 1 account. 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 Interested in opening a trading account? Open Instant Account Now
	Open ICICI Direct Account	Enquire Anand Rathi