ICICI Direct Vs Beeline (Compare ICICI Direct and Beeline)

ICICI Direct Vs Beeline

Incorporated in 2000, ICICI Direct 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.

	ICICI Direct	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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ICICI Direct Vs Beeline Charges & AMC

ICICI Direct trading account opening charges is Rs 0 (Free) while Beeline account opening changes is Nil. ICICI Direct 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.

	ICICI Direct	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

ICICI Direct Vs Beeline Brokerage

ICICI Direct 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.

	ICICI Direct	Beeline
Account Type	ICICI Neo Plan	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

ICICI Direct Vs Beeline Brokerage Plan 2

	ICICI Direct	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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ICICI Direct 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

ICICI Direct Vs Beeline Transaction Charges

ICICI Direct 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%).

	ICICI Direct	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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ICICI Direct Vs Beeline 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 Beeline 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	Beeline
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 Beeline Features

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

	ICICI Direct	Beeline
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	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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ICICI Direct Vs Beeline Review

ICICI Direct is rated 2.4 of 5 based on 449 customer reviews whereas Beeline is rated 4.0 of 5 based on 2 customer reviews.

	ICICI Direct	Beeline
	449 Customer Reviews	2 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	Beeline is rated 4.0 of 5 based on 2 customer reviews

ICICI Direct Vs Beeline Investment Options

	ICICI Direct	Beeline
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	Insurance

ICICI Direct Vs Beeline Order Type Offered

	ICICI Direct	Beeline
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 Beeline Research Report

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

ICICI Direct Vs Beeline Suitable For Investor Type

	ICICI Direct	Beeline
Casual Investor
Active Investor
Trader

ICICI Direct Vs Beeline - Pros and Cons

	ICICI Direct	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.	Online Discount Stock and Commodity Broker. Brokerage Fee: Flat Rs 18 per executed order in Eq F&O, Curr F&O and Commodity Futures. Rs 0 AMC Demat account when paid Rs 876 one time fee. NSE Now and ODIN trading software. 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.	Software uses changes at Rs 150 per segment. Call & Trade is not free. It is charged at Rs 20 per order. Unlike Zerodha and RKSV, Beeline doesn't have its own trading platform. 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 (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 Beeline