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ICICIdirect Vs Beeline (Compare ICICIdirect and Beeline)

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.

Beeline Broking Limited Logo

About Beeline
Beeline Broking Ltd is an online Discount Stock Broker. Beeline offers trading & investment at BSE, NSE, MCX and NCDEX exchanges. Beeline offers investment across segments including Equity, Derivative, Currency Derivatives, Commodity and Insurance. Beeline is the only broker in India who offers both Traditional Brokerage Plans as well as Discount Brokerage Plan. These plans are available in segments including Equities F&O, Currency F&O and MCX Futures. The brokerage is charged Rs 18 per execute... Know more about Beeline Broking Limited

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ICICIdirect Vs Beeline

Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in , Beeline is a Discount Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has branches across India.

  ICICIdirect Beeline
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE BSE, NSE, MCX, NCDEX
Year of Incorporation 2000
Number of Branches 154
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ICICIdirect Vs Beeline Charges & AMC

ICICIdirect trading account opening charges is Rs 0 (Free) while Beeline account opening changes is Nil. ICICIdirect Demat Account AMC Charges is Rs 300 (from 2nd year) and Beeline Demat Account AMC Charges is Zero AMC with one time Rs 876 fee.

  ICICIdirect Beeline
Trading Account Opening Charges Rs 0 (Free) Nil
Trading Account AMC Charges Rs 0 (Free) Nil
Demat Account Opening Charges Rs 0 (Free) Nil
Demat Account AMC Charges Rs 300 (from 2nd year) Zero AMC with one time Rs 876 fee

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ICICIdirect Vs Beeline Brokerage

ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas Beeline brokerage charges for equity is Rs 18 per executed order and intraday is Rs 18 per executed order.

Account Type ICICIdirect ICICI Neo Plan Beeline Discount Brokerage Plan
Fixed Charges NA NA
Equity Delivery 0.55% Rs 18 per executed order
Equity Intraday Rs 20 per order Rs 18 per executed order
Equity Futures Rs 0 (Free) Rs 18 per executed order
Equity Options Rs 20 per order Rs 18 per executed order
Currency Futures Rs 20 per order Rs 18 per executed order
Currency Options Rs 20 per order Rs 18 per executed order
Commodity Futures Rs 20 per order Rs 18 per executed 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 30 minutes from sell orders + Free trading tips. Open Instant Account Now

ICICIdirect Vs Beeline Brokerage Plan 2

  ICICIdirect Beeline
Account Type I-Secure Plan Traditional Brokerage Plan
Fixed Charges NA NA
Equity Delivery 0.55% As per margin
Equity Intraday 0.275% As per margin
Equity Futures 0.05% As per margin
Equity Options Rs 95 per lot As per margin
Currency Futures Rs 20 per order As per margin
Currency Options Rs 20 per order As per margin
Commodity Futures Rs 20 per order As per margin
Commodity Options Rs 20 per order
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ICICIdirect Charges Vs Beeline

Minimum Brokerage Rs 35 per trade (I-Secure Plan) Rs 18 per executed order
Other Charges Margin Trading Interest: 0.025% Per day Software Charges at Rs 150 per segment
Call & Trade Charges Rs 50 per trade Rs 20 per executed order

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ICICIdirect Vs Beeline Transaction Charges

ICICIdirect transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while Beeline exchange transaction charges for options is NSE Rs 5600 per Cr (0.056%).

  ICICIdirect Beeline
Equity Delivery NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)
Equity Intraday NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)
Equity Futures Rs 180 per Cr (0.0018%) NSE Rs 215 per Cr (0.00215%)
Equity Options Rs 5000 per Cr (0.05%) (on premium) NSE Rs 5600 per Cr (0.056%)
Currency Futures Rs 120 per Cr (0.0012%) NSE Rs 135 per Cr (0.00135%)
Currency Options Rs 5000 per Cr (0.05%) (on premium) NSE Rs 4600 per Cr (0.046%)
Commodity Group A - Rs 260 per Cr (0.0026%) MCX Rs 260 per Cr (0.0026%)| NCDEX Rs 400 per Cr (0.004%)
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ICICIdirect Vs Beeline Leverage (Margin)

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

  ICICIdirect Beeline
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)
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Compare ICICIdirect and Beeline Features

The trading platforms offered ICICIdirect include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Beeline offers NSE Now, ODIN (My Armour) trading software.

  ICICIdirect Beeline
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 No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App NSE Now, ODIN (My Armour)
Intraday Square-off Time 3:30 PM 3:15 PM
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Referral Program
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ICICIdirect Vs Beeline Review

ICICIdirect is rated 2.4 of 5 based on 460 customer reviews whereas Beeline is rated 4.0 of 5 based on 2 customer reviews.

  ICICIdirect Beeline
  460 Customer Reviews    Rate ICICIdirect 2 Customer Reviews    Rate Beeline
Fees 2.2 4.5
Brokerage 1.7 4.5
Trading Platform 3.3 3.0
Customer Service 2.7 3.5
Research Capabilities 2.9
Overall Ratings Rated 2.4 stars Rated 4.0 stars
Broker Rating ICICIdirect is rated 2.4 of 5 based on 460 customer reviews Beeline is rated 4.0 of 5 based on 2 customer reviews

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Contact Broker / Request A Call Back

  ICICIdirect Enquire Beeline 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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ICICIdirect Vs Beeline Investment Options

  ICICIdirect Beeline
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes No
Mutual Funds Yes No
Bond / NCD Yes Yes
Debt Yes No
Other Investment Options Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS Insurance

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ICICIdirect Vs Beeline Order Type Offered

  ICICIdirect Beeline
Bracket Order No No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) No No
Good Till Cancelled (GTC) Yes No
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ICICIdirect Vs Beeline Research Report

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

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ICICIdirect Vs Beeline Suitable For Investor Type

  ICICIdirect Beeline
Casual Investor Yes
Active Investor
Trader Yes

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ICICIdirect Vs Beeline - Pros and Cons

  ICICIdirect Beeline
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. Online Discount Stock and Commodity Broker.
  2. Brokerage Fee: Flat Rs 18 per executed order in Eq F&O, Curr F&O and Commodity Futures.
  3. Rs 0 AMC Demat account when paid Rs 876 one time fee.
  4. NSE Now and ODIN trading software.
  5. Dedicated relationship managers are available.
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. Software uses changes at Rs 150 per segment.
  2. Call & Trade is not free. It is charged at Rs 20 per order.
  3. Unlike Zerodha and RKSV, Beeline doesn't have its own trading platform.
  4. Doesn't offer local customer service as it doesn't have branch offices.
Reviews

Beeline Broking is India based broker engaged in stock and commodity trading. Beeline is a discount stock broker offering flat rate (Rs 18 per executed order) brokerage plan. Beeline offers industry standard NSE NOW and ODIN trading platform. Beeline also offer depository services (demat account) and online insurances. Beeline is based in Ahmadabad, Gujarat.

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 in Options, Currency F&O and Commodity futures 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 ICICIdirect AccountEnquire Beeline

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