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ICICIdirect Vs Bajaj Finserv (Compare ICICIdirect and Bajaj Finserv)

ICICI Securities Pvt Ltd. Logo

About ICICIdirect
ICICIdirect 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. ICICIdirect's most popular service is its 3-in-1 account, which includes ICICI Bank Account, ICICI Tr... Know more about ICICI Securities Pvt Ltd.

Bajaj Financial Securities Ltd Logo

About Bajaj Finserv
Bajaj Financial Securities Limited (BFSL) is a subsidiary of Bajaj Finance Limited, one of the largest NBFCs in India. BFSL, a SEBI registered company offers stockbroking services and is a member of BSE and NSE. BFSL is the depository participant with NSDL and CDSL. BFSL offers online discount brokerage services in Equity and Derivative Trading, Mutual Funds, Margin Trading Financing, IPO Financing, Spread Financing and Loan Against Securities. BFSL has two trading platforms - BFSLTrade App (m... Know more about Bajaj Financial Securities Ltd

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ICICIdirect Vs Bajaj Finserv

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 Finserv is a Discount Broker. It offers trading at BSE, NSE. It has 6 branches across India.

  ICICIdirect Bajaj Finserv
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 AccountOpen Bajaj Finserv Account

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ICICIdirect Vs Bajaj Finserv Charges & AMC

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

  ICICIdirect Bajaj Finserv
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)

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ICICIdirect Vs Bajaj Finserv Brokerage

ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas Bajaj Finserv brokerage charges for equity is 0.10% and intraday is Rs 17 per order.

Account Type ICICIdirect ICICI Neo Plan Bajaj Finserv Freedom Plan
Fixed Charges NA Rs 0
Equity Delivery 0.55% 0.10%
Equity Intraday Rs 20 per order Rs 17 per order
Equity Futures Rs 0 (Free) Rs 17 per order
Equity Options Rs 20 per order Rs 17 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) - Open Demat Account Now!.

ICICIdirect Vs Bajaj Finserv Brokerage Plan 2

  ICICIdirect Bajaj Finserv
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 AccountOpen Bajaj Finserv Account

ICICIdirect Vs Bajaj Finserv Brokerage Plan 3

  ICICIdirect Bajaj Finserv
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 AccountOpen Bajaj Finserv Account

ICICIdirect Charges Vs Bajaj Finserv

Minimum Brokerage Rs 35 per trade (I-Secure Plan) Rs 5 for Equity Delivery & Intraday
Other Charges Margin Trading Interest: 0.025% Per day
Call & Trade Charges Rs 50 per trade Rs 20 per trade

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ICICIdirect Vs Bajaj Finserv Transaction Charges

ICICIdirect transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while Bajaj Finserv exchange transaction charges for options is NSE Rs 5325 per Cr (0.05325%) (on premium).

  ICICIdirect Bajaj Finserv
Equity Delivery NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) NSE Rs 345 per Cr (0.00345%) (each side)
Equity Intraday NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) NSE Rs 345 per Cr (0.00345%) (each side)
Equity Futures Rs 180 per Cr (0.0018%) NSE Rs 225 per Cr (0.00225%)
Equity Options Rs 5000 per Cr (0.05%) (on premium) NSE Rs 5325 per Cr (0.05325%) (on premium)
Currency Futures Rs 120 per Cr (0.0012%)
Currency Options Rs 5000 per Cr (0.05%) (on premium)
Commodity Group A - Rs 260 per Cr (0.0026%)
Open ICICIdirect AccountOpen Bajaj Finserv Account

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ICICIdirect Vs Bajaj Finserv Leverage (Margin)

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

  ICICIdirect Bajaj Finserv
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 AccountOpen Bajaj Finserv Account

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Compare ICICIdirect and Bajaj Finserv Features

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

  ICICIdirect Bajaj Finserv
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No No
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes Yes
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 BFSLTRADE (Mobile Trading App), Bajajfinservsecurities.in (Website)
Intraday Square-off Time 3:30 PM 3:15 PM
Trading In SME Shares Allowed? No
Referral Program
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Open ICICIdirect AccountOpen Bajaj Finserv Account

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ICICIdirect Vs Bajaj Finserv Review

ICICIdirect is rated 2.4 of 5 based on 462 customer reviews whereas Bajaj Finserv is rated 3.2 of 5 based on 13 customer reviews.

  ICICIdirect Bajaj Finserv
  462 Customer Reviews    Rate ICICIdirect 13 Customer Reviews    Rate Bajaj Finserv
Fees 2.2 2.7
Brokerage 1.7 3.4
Trading Platform 3.3 3.0
Customer Service 2.7 2.8
Research Capabilities 2.8
Overall Ratings Rated 2.4 stars Rated 3.2 stars
Broker Rating ICICIdirect is rated 2.4 of 5 based on 462 customer reviews Bajaj Finserv is rated 3.2 of 5 based on 13 customer reviews

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Contact Broker / Request A Call Back

  ICICIdirect Enquire Bajaj Finserv Enquire
Contact Broker 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 Rs 0 Account Opening Charges + Flat Rs 10 Per Trade Brokerage (with Rs 2500 yearly subscription charges) - Open Demat Account Now!.

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ICICIdirect Vs Bajaj Finserv Investment Options

  ICICIdirect Bajaj Finserv
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
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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ICICIdirect Vs Bajaj Finserv Order Type Offered

  ICICIdirect Bajaj Finserv
Bracket Order No Yes
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes No
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) No No
Good Till Cancelled (GTC) Yes No
Open ICICIdirect AccountOpen Bajaj Finserv Account

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ICICIdirect Vs Bajaj Finserv Research Report

  ICICIdirect Bajaj Finserv
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No

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ICICIdirect Vs Bajaj Finserv Suitable For Investor Type

  ICICIdirect Bajaj Finserv
Casual Investor Yes
Active Investor
Trader Yes

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ICICIdirect Vs Bajaj Finserv - Pros and Cons

  ICICIdirect Bajaj Finserv
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 Finserv Special Offer

Rs 0 Account Opening (for a limited time only)

  • Get FREE Account Opening.
  • Flat Rs 10 Per Trade Brokerage (with Rs 2500 AMC)
  • Flat Rs 5 Per Trade Brokerage (with Rs 9999 AMC)

This is a limited-time offer. Simply leave your contact information with us and Bajaj Finserv representatives will contact you.

Open ICICIdirect AccountOpen Bajaj Finserv Account

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