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ICICIDirect Vs Edelweiss Share Broker Comparison

The side-by-side comparison of ICICI Securities Pvt Ltd. and Edelweiss Broking Ltd stock brokers in India. The comparison below highlights the similarities and differences between ICICIDirect and Edelweiss's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among ICICIDirect and Edelweiss.

  ICICI Securities Pvt Ltd. Edelweiss Broking Ltd
 
ICICI Securities Pvt Ltd. Logo Edelweiss Broking Ltd Logo
About the Broker ICICIdirect is a retail trading and investment service from ICICI Securities, the largest retail stock broker firm in India offering a wide range of investment options to the retail and institutional customers. ICICI Securities is part of ICICI Group... Know more about ICICI Securities Pvt Ltd. Incorporated in 2008, Edelweiss Broking Ltd. is a Mumbai, India based full- service stockbroking firm. The company is a part of Edelweiss Group, incorporated in 1995, a leading diversified financial services conglomerate. The Retail Broking business... Know more about Edelweiss Broking Ltd
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE BSE, NSE, MCX, NCDEX
Account Type 3-in-1 Account (I-Secure Plan) Discount Brokerage Plan
Broker Enquiry Open an Online Trading Account with ICICIDirect. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Edelweiss. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  ICICI Securities Pvt Ltd. Edelweiss Broking Ltd
Trading Account Opening Fees ₹975 ₹750
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹0 ₹0
Demat Account AMC ₹450 ₹500
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  ICICI Securities Pvt Ltd. Edelweiss Broking Ltd
Account Type 3-in-1 Account (I-Secure Plan) Discount Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.55% 0.01%
Equity Intraday Brokerage 0.275% 0.01%
Equity Futures Brokerage 0.05% to 0.03% ₹5 per lot
Equity Options Brokerage ₹95 to ₹35 per lot ₹5 per lot
Currency Futures Trading Brokerage 0.050% to 0.030% ₹5 per lot
Currency Options Trading Brokerage ₹25 to ₹10 per lot ₹5 per lot
Commodity Futures Trading Brokerage NA
Commodity Options Trading Brokerage NA

Brokerage Plan 2

  ICICI Securities Pvt Ltd. Edelweiss Broking Ltd
Account Type I-Saver Plan Prepaid Plan (₹12,000 for 12 months)
Fixed Charges ₹12,000 + ₹1,800 (Service tax)
Equity Delivery Brokerage 0.75% to 0.25% 0.30%
Equity Intraday Brokerage 0.75% to 0.25% 0.03%
Equity Futures Brokerage 0.05% to 0.03% 0.03%
Equity Options Brokerage ₹95 to ₹65 per lot ₹90 per lot
Currency Futures Trading Brokerage 0.05% to 0.03% 0.04%
Currency Options Trading Brokerage ₹95 to ₹65 per lot ₹22 per lot
Commodity Futures Trading Brokerage NA
Commodity Options Trading Brokerage

Brokerage Plan 3

  ICICI Securities Pvt Ltd. Edelweiss Broking Ltd
Account Type 3-in-1 Account (I-Secure Plan) Prepaid Plan (₹1,12,000 for 12 months)
Fixed Charges ₹1,12,000 + ₹16,800 (Service tax)
Equity Delivery Brokerage 0.55% 0.10%
Equity Intraday Brokerage 0.275% 0.01%
Equity Futures Brokerage 0.05% to 0.03% 0.01%
Equity Options Brokerage ₹95 to ₹35 per lot ₹25 per lot
Currency Futures Trading Brokerage 0.050% to 0.030% 0.01%
Currency Options Trading Brokerage ₹25 to ₹10 per lot ₹6 per lot
Commodity Futures Trading Brokerage NA
Commodity Options Trading Brokerage NA

Other Charges

Minimum Brokerage Charges ₹35 per trade 3 paisa per share in delivery, 1 paisa per share on Intraday and Futures
Other Brokerage Charges
Call & Trade Charges ₹25 per call after first 20 free calls per month Free
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Taxes

  ICICI Securities Pvt Ltd. Edelweiss Broking Ltd
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  ICICI Securities Pvt Ltd. Edelweiss Broking Ltd
Equity Delivery NSE: 0.0031% | BSE: 0.0028% NSE ₹325 | BSE ₹275
Equity Intraday NSE: 0.0031% | BSE: 0.0028% NSE ₹325 | BSE ₹275
Equity Futures 0.0018% NSE ₹190 | BSE ₹190
Equity Options 0.05% on Premium NSE ₹5000 | BSE ₹5000
Currency Futures 0.0012% NSE ₹115 | BSE ₹115
Currency Options 0.05% on Premium NSE ₹4000 | BSE ₹4000
Commodity NA
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Exposure

  ICICI Securities Pvt Ltd. Edelweiss Broking Ltd
Equity Delivery 5x with Interest Up to 10x
Equity Intraday Upto 25x Up to 40x
Equity Futures 4x 40x
Equity Options 2x for shorting Nil
Currency Futures NA 1.5x
Currency Options NA Nil
Commodity NA Up to 6x
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Share Broker Features

  ICICI Securities Pvt Ltd. Edelweiss Broking Ltd
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available 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 Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Edelweiss Xpress
Intraday Square-off Time 3:30 PM 3:00 PM
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader
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Broker Ratings (Average User Rating)

  ICICI Securities Pvt Ltd. Edelweiss Broking Ltd
  400 Customer Reviews    Rate ICICIDirect 21 Customer Reviews    Rate Edelweiss
Fees Ratings 2.3 2.6
Trading Brokerage Rating 1.7 2.2
Trading Platform Usability 3.4 3.3
Customer Service Ratings 2.8 2.0
Overall Ratings Rated 2.4 stars Rated 2.4 stars
Broker Rating ICICIDirect is Rated 2.4 / 5 based on 400 customer reviews Edelweiss is Rated 2.4 / 5 based on 21 customer reviews
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Contact Broker / Request A Call Back

  ICICI Securities Pvt Ltd. Edelweiss Broking Ltd
Contact / Request Call Back
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Investment Options Available

  ICICI Securities Pvt Ltd. Edelweiss Broking Ltd
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (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 Note: IPO
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Customer Service Offered

  ICICI Securities Pvt Ltd. Edelweiss Broking Ltd
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes Yes
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Order Type

  ICICI Securities Pvt Ltd. Edelweiss Broking Ltd
Bracket Order No No
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes No
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Research / Tips / Reports Published

  ICICI Securities Pvt Ltd. Edelweiss Broking Ltd
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Suitable for Investor Category

  ICICI Securities Pvt Ltd. Edelweiss Broking Ltd
Casual Investor Yes
Active Investor Yes
Trader Yes

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Pros, Cons and Other Review Comments

  ICICI Securities Pvt Ltd. Edelweiss Broking Ltd
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.

More Advantages...

1. Full service broker offering discount brokerage plan. 2. Offer commodity trading on the same trading trading platform. 3. Free research and trading tips calls to all the customers.

More Advantages...

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.
  • Commodity trading is not available for retail investors.
  • Call & trade cost extra Rs 25 per call after first 20 free calls in a month.

More Disadvantages...

1. IPO cannot be applied online. 2. Bracket order is not available. 3. Good Till cancelled orders are not available. 4. Higher brokerage in prepaid brokerage plans of Rs 12k and Rs 1.12L for 12 months.

More Disadvantages...

Reviews
Promo / Offers

ICICI 3-in-1 Account

ICICI Direct offers a 3-in-1 account, a combination of saving bank, trading and demat account. It offers one-click investment in Equity, Derivatives, Mutual Funds, IPO, ETF, Life Insurance, General Insurance, Currency, and Fixed Deposits.

Interested in opening a trading account? Request Callback from a stock broker.

Edelweiss Discount Brokerage Plan + Free Trading & Demat Account (for limited time only)

Edelweiss offers FREE Trading + Demat Account (₹750 waived). Get a discount trading plan offering equity trading @ 0.01% and F&O @ Rs 5 per lot flat rate. Save over 60% on brokerage in comparison of other full-service brokers.

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

Enquire about ICICIDirect Enquire about Edelweiss
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