ICICIdirect Vs Bajaj Financial (Compare ICICIdirect and Bajaj Financial)

ICICIdirect Vs Bajaj Financial

Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 2010, Bajaj Financial is a Discount Broker. It offers trading at BSE, NSE. It has 6 branches across India.

	ICICIdirect	Bajaj Financial
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE	BSE, NSE
Year of Incorporation	2000	2010
Number of Branches	154	6
	Open ICICIdirect Account	Open Bajaj Financial Account

ICICIdirect Vs Bajaj Financial Charges & AMC

ICICIdirect trading account opening charges is Rs 0 (Free) while Bajaj Financial account opening changes is Rs 0 (Free). ICICIdirect Demat Account AMC Charges is Rs 300 (from 2nd year) and Bajaj Financial Demat Account AMC Charges is Rs 199 (Free for 1st year).

	ICICIdirect	Bajaj Financial
Trading Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Trading Account AMC Charges	Rs 0 (Free)	Rs 899 per year
Demat Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account AMC Charges	Rs 300 (from 2nd year)	Rs 199 (Free for 1st year)

ICICIdirect Vs Bajaj Financial Brokerage

ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas Bajaj Financial brokerage charges for equity is Rs 20 per order and intraday is Rs 20 per order.

Account Type	ICICIdirect ICICI Neo Plan	Bajaj Financial Freedom Plan
Fixed Charges	NA	Rs 431 per year
Equity Delivery	0.55%	Rs 20 per order
Equity Intraday	Rs 20 per order	Rs 20 per order
Equity Futures	Rs 0 (Free)	Rs 20 per order
Equity Options	Rs 20 per order	Rs 20 per order
Currency Futures	Rs 20 per order
Currency Options	Rs 20 per order
Commodity Futures	Rs 20 per order
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 5 minutes from sell orders + Free trading tips. Open Instant Account Now	Special Offer: Rs 0 Account Opening Charges + Flat Rs 10 Per Trade Brokerage (with Rs 2500 yearly subscription charges) + Rs 0 Demat AMC Open Demat Account Now!.

ICICIdirect Vs Bajaj Financial Brokerage Plan 2

	ICICIdirect	Bajaj Financial
Account Type	I-Secure Plan	Professional Pack
Fixed Charges	NA	Rs 2500 per year
Equity Delivery	0.55%	Rs 10 per order
Equity Intraday	0.275%	Rs 10 per order
Equity Futures	0.05%	Rs 10 per order
Equity Options	Rs 95 per lot	Rs 10 per order
Currency Futures	Rs 20 per order
Currency Options	Rs 20 per order
Commodity Futures	Rs 20 per order
Commodity Options	Rs 20 per order
	Open ICICIdirect Account	Open Bajaj Financial Account

ICICIdirect Vs Bajaj Financial Brokerage Plan 3

	ICICIdirect	Bajaj Financial
Account Type	ICICI Neo Plan	Bajaj Privilege Club
Fixed Charges	NA	Rs 9999 per year
Equity Delivery	0.55%	Rs 5 per order
Equity Intraday	Rs 20 per order	Rs 5 per order
Equity Futures	Rs 0 (Free)	Rs 5 per order
Equity Options	Rs 20 per order	Rs 5 per order
Currency Futures	Rs 20 per order
Currency Options	Rs 20 per order
Commodity Futures	Rs 20 per order
Commodity Options	Rs 20 per order
	Open ICICIdirect Account	Open Bajaj Financial Account

ICICIdirect Charges Vs Bajaj Financial

Minimum Brokerage	Rs 35 per trade (I-Secure Plan)	Rs 5 per executed order
Other Charges	Margin Trading Interest: 0.025% Per day	RMS Auto-Square off: Rs 20 per order
Call & Trade Charges	Rs 50 per trade	Rs 20 per trade

ICICIdirect Vs Bajaj Financial Transaction Charges

ICICIdirect transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium) while Bajaj Financial exchange transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium).

	ICICIdirect	Bajaj Financial
Equity Delivery	NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)	NSE Rs 345 per Cr (0.00345%) (each side)
Equity Intraday	NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)	NSE Rs 345 per Cr (0.00345%) (each side)
Equity Futures	NSE Rs 200 per Cr (0.002%)	NSE Rs 200 per Cr (0.002%)
Equity Options	NSE Rs 5300 per Cr (0.053%) (on premium)	NSE Rs 5300 per Cr (0.053%) (on premium)
Currency Futures	NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)
Currency Options	NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity	Group A - Rs 260 per Cr (0.0026%)
	Open ICICIdirect Account	Open Bajaj Financial Account

ICICIdirect Vs Bajaj Financial Leverage (Margin)

ICICIdirect margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Bajaj Financial margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

	ICICIdirect	Bajaj Financial
Equity Delivery	100% of trade value (1x leverage)	100% of trade value (1x leverage)
Equity Intraday	Up to 20% of trade value (5x leverage)	Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm)	100% of NRML margin (Span + Exposure) (1x leverage)	100% of NRML margin (Span + Exposure) (1x leverage)
	Open ICICIdirect Account	Open Bajaj Financial Account

Compare ICICIdirect and Bajaj Financial Features

The trading platforms offered ICICIdirect include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Bajaj Financial offers BFSLTRADE (Mobile Trading App), Bajajfinservsecurities.in (Website) trading software.

	ICICIdirect	Bajaj Financial
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	BFSLTRADE (Mobile Trading App), Bajajfinservsecurities.in (Website)
Intraday Square-off Time	3:30 PM	3:15 PM
Trading In SME Shares Allowed?
Referral Program
Other Features	Bullet Trading, Can trade in 32 exchanges through Saxo Trader
	Open ICICIdirect Account	Open Bajaj Financial Account

ICICIdirect Vs Bajaj Financial Review

ICICIdirect is rated 2.4 of 5 based on 465 customer reviews whereas Bajaj Financial is rated 3.1 of 5 based on 15 customer reviews.

	ICICIdirect	Bajaj Financial
	465 Customer Reviews	15 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICIdirect is rated 2.4 of 5 based on 465 customer reviews	Bajaj Financial is rated 3.1 of 5 based on 15 customer reviews

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ICICIdirect Vs Bajaj Financial Investment Options

	ICICIdirect	Bajaj Financial
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

ICICIdirect Vs Bajaj Financial Order Type Offered

	ICICIdirect	Bajaj Financial
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
	Open ICICIdirect Account	Open Bajaj Financial Account

ICICIdirect Vs Bajaj Financial Research Report

	ICICIdirect	Bajaj Financial
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

ICICIdirect Vs Bajaj Financial Suitable For Investor Type

	ICICIdirect	Bajaj Financial
Casual Investor
Active Investor
Trader

ICICIdirect Vs Bajaj Financial - Pros and Cons

	ICICIdirect	Bajaj Financial
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.
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.
Reviews
Promo / Offers	ICICIdirect Special Offer 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 in Options, Currency F&O and Commodity futures in BSE, NSE and MCX Free trading tips Get funds in your bank account in just 5 minutes of selling stocks Interested in opening a trading account? Open Instant Account Now	Bajaj Financial Special Offer Rs 0 Account Opening (for a limited time only) Get FREE Account Opening. Flat Rs 20 Per Trade Brokerage (with Rs 431 yearly fee) Flat Rs 10 Per Trade Brokerage (with Rs 2500 yearly fee) Flat Rs 5 Per Trade Brokerage (with Rs 9999 yearly fee) Rs 0 Demat AMC This is a limited-time offer. Simply leave your contact information with us and Bajaj Financial representatives will contact you.
	Open ICICIdirect Account	Open Bajaj Financial Account