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ICICIdirect Vs Dhan (Compare ICICIdirect and Dhan)

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 Tradin... Know more about ICICI Securities Pvt Ltd.

Moneylicious Securities Pvt Ltd Logo

About Dhan
Incorporated in 2021, Dhan is a Mumbai-based financial services company operating primarily in India. In today's fast-paced world, every second or third person is looking for effective investment options to park their hard-earned money and create wealth in the long run, and Dhan is committed to providing these options. Dhan is registered with SEBI as a stockbroker. In addition, Dhan is also registered with CDSL and with NSE, BSE and MCX stock exchanges to perform its functions. Dhan offers a va... Know more about Moneylicious Securities Pvt Ltd

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ICICIdirect Vs Dhan

Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 2021, Dhan is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India.

  ICICIdirect Dhan
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE BSE, NSE, MCX
Year of Incorporation 2000 2021
Number of Branches 154 1
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ICICIdirect Vs Dhan Charges & AMC

ICICIdirect trading account opening charges is Rs 0 (Free) while Dhan account opening changes is Rs 0 (Free). ICICIdirect Demat Account AMC Charges is Rs 300 (from 2nd year) and Dhan Demat Account AMC Charges is ₹0 (Lifetime Zero AMC).

  ICICIdirect Dhan
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free) ₹0 (Free)
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 300 (from 2nd year) ₹0 (Lifetime Zero AMC)

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ICICIdirect Vs Dhan Brokerage

ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas Dhan brokerage charges for equity is Rs. 0 and intraday is Rs 20 or 0.03% of trade value, whichever is lower.

Account Type ICICIdirect ICICI Neo Plan Dhan Flat Rate Plan
Fixed Charges NA Rs 0 or Nill
Equity Delivery 0.55% Rs. 0
Equity Intraday Rs 20 per order Rs 20 or 0.03% of trade value, whichever is lower
Equity Futures Rs 0 (Free) Rs 20 or 0.03% of trade value, whichever is lower
Equity Options Rs 20 per order Rs 20 per executed order
Currency Futures Rs 20 per order Rs 20 or 0.03% of trade value, whichever is lower
Currency Options Rs 20 per order Rs 20 per executed order
Commodity Futures Rs 20 per order Rs 20 or 0.03% of trade value, whichever is lower
Commodity Options Rs 20 per order Rs 20 per executed 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: Invest brokerage-free stock delivery trades. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Dhan and start trading today.

ICICIdirect Vs Dhan Brokerage Plan 2

  ICICIdirect Dhan
Account Type I-Secure Plan Flat Rate Plan
Fixed Charges NA Rs 0 or Nill
Equity Delivery 0.55% Rs. 0
Equity Intraday 0.275% Rs 20 or 0.03% of trade value, whichever is lower
Equity Futures 0.05% Rs 20 or 0.03% of trade value, whichever is lower
Equity Options Rs 95 per lot Rs 20 per executed order
Currency Futures Rs 20 per order Rs 20 or 0.03% of trade value, whichever is lower
Currency Options Rs 20 per order Rs 20 per executed order
Commodity Futures Rs 20 per order Rs 20 or 0.03% of trade value, whichever is lower
Commodity Options Rs 20 per order Rs 20 per executed order
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ICICIdirect Charges Vs Dhan

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

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ICICIdirect Vs Dhan Transaction Charges

ICICIdirect transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) while Dhan exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 500 per Cr (0.005%) (on premium).

  ICICIdirect Dhan
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 NSE Rs 190 per Cr (0.0019%) | BSE Rs 0
Equity Options NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) NSE Rs 5000 per Cr (0.05%) | BSE Rs 500 per Cr (0.005%) (on premium)
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)
Currency Options NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium) 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%) Group A, B : 0.0026%
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ICICIdirect Vs Dhan Leverage (Margin)

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

  ICICIdirect Dhan
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 Dhan Features

The trading platforms offered ICICIdirect include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Dhan offers Dhan App, Dhan web, Options Trader Web, Options Trader App, TradingView Console, DhanHQ API trading software.

  ICICIdirect Dhan
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio Yes No
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 Dhan App, Dhan web, Options Trader Web, Options Trader App, TradingView Console, DhanHQ API
Intraday Square-off Time 3:30 PM 3:20 PM
Trading In SME Shares Allowed? Yes
Referral Program Yes
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader APIs for Algo Trading, smallcases on Dhan
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ICICIdirect Vs Dhan Review

ICICIdirect is rated 2.3 of 5 based on 479 customer reviews whereas Dhan is rated 2.9 of 5 based on 18 customer reviews.

  ICICIdirect Dhan
  479 Customer Reviews    Rate ICICIdirect 18 Customer Reviews    Rate Dhan
Fees 2.2 4.0
Brokerage 1.7 3.3
Trading Platform 3.3 3.3
Customer Service 2.6 2.2
Research Capabilities 2.9 2.4
Overall Ratings Rated 2.3 stars Rated 2.9 stars
Broker Rating ICICIdirect is rated 2.3 of 5 based on 479 customer reviews Dhan is rated 2.9 of 5 based on 18 customer reviews

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Contact Broker / Request A Call Back

  ICICIdirect Enquire Dhan 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 Invest brokerage-free stock delivery trades. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Dhan and start trading today.

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ICICIdirect Vs Dhan Investment Options

  ICICIdirect Dhan
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
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

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ICICIdirect Vs Dhan Order Type Offered

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

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

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ICICIdirect Vs Dhan Suitable For Investor Type

  ICICIdirect Dhan
Casual Investor Yes
Active Investor Yes
Trader Yes

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ICICIdirect Vs Dhan - Pros and Cons

  ICICIdirect Dhan
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.
  • Safe, reliable, and technologically first online broker.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Free account opening.
  • AMC free demat account.
  • Free equity delivery trades.
  • Flat Rs 20 per trade brokerage for all other segments.
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.
  • It does not provide stock tips, research, and recommendations.
  • Call & Trade is charged an extra Rs 50 per order.
  • Auto Square off is charged at an extra Rs 20 per order.
  • It does not offer a 3-in-1 account.
  • It does not offer monthly unlimited trading 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

Dhan Special Offer

Brokerage-free share delivery trading and AMC free demat account

  • Free account opening and Demat AMC +
  • Brokerage-free equity delivery and flat Rs 20 per trade for intraday and F&O +
  • Separate option trading APP.

This is a limited-time offer. Open an instant account online and start trading today.

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