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ICICIdirect Vs Edelweiss (Compare ICICIdirect and Edelweiss)

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.

Edelweiss Broking Ltd Logo

About Edelweiss
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 of Edelweiss offers facilities to invest & trade in all major asset classes: Equity, Debt, Mutual Funds, IPOs, Currency Derivatives, commodities and Futures & Options. Edelweiss offers investment advice backed by research and analysis to it... Know more about Edelweiss Broking Ltd

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ICICIdirect Vs Edelweiss

Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 2002, Edelweiss is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 237 branches across India.

  ICICIdirect Edelweiss
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE BSE, NSE, MCX, NCDEX
Year of Incorporation 2000 2002
Number of Branches 154 237
Open ICICIdirect AccountOpen Edelweiss Account

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ICICIdirect Vs Edelweiss Charges & AMC

ICICIdirect trading account opening charges is Rs 0 (Free) while Edelweiss account opening changes is Rs 0 (Free). ICICIdirect Demat Account AMC Charges is Rs 300 (from 2nd year) and Edelweiss Demat Account AMC Charges is Rs 500 (1st Year Free).

  ICICIdirect Edelweiss
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 300 (from 2nd year) Rs 500 (1st Year Free)

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ICICIdirect Vs Edelweiss Brokerage

ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas Edelweiss brokerage charges for equity is Rs 10 per executed order and intraday is Rs 10 per executed order.

Account Type ICICIdirect ICICI Neo Plan Edelweiss Edelweiss Lite
Fixed Charges NA NA
Equity Delivery 0.55% Rs 10 per executed order
Equity Intraday Rs 20 per order Rs 10 per executed order
Equity Futures Rs 0 (Free) Rs 10 per executed order
Equity Options Rs 20 per order Rs 10 per executed order
Currency Futures Rs 20 per order Rs 10 per executed order
Currency Options Rs 20 per order Rs 10 per executed 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 30 minutes from sell orders + Free trading tips. Open Instant Account Now
Special Offer: Trade @ flat Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes.

ICICIdirect Vs Edelweiss Brokerage Plan 2

  ICICIdirect Edelweiss
Account Type I-Secure Plan Edelweiss Elite
Fixed Charges NA
Equity Delivery 0.55% 0.30%
Equity Intraday 0.275% 0.03%
Equity Futures 0.05% 0.03%
Equity Options Rs 95 per lot Rs 75 per lot
Currency Futures Rs 20 per order 0.02%
Currency Options Rs 20 per order Rs 22 per lot
Commodity Futures Rs 20 per order
Commodity Options Rs 20 per order
Open ICICIdirect AccountOpen Edelweiss Account

ICICIdirect Charges Vs Edelweiss

Minimum Brokerage Rs 35 per trade (I-Secure Plan) 0.03% Equity delivery, 0.01% Intra-day and Futures
Other Charges Margin Trading Interest: 0.025% Per day Margin Funding: 0.08%/day, Research: Rs 50 per month,
Call & Trade Charges Rs 50 per trade Rs 20 per call

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ICICIdirect Vs Edelweiss Transaction Charges

ICICIdirect transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while Edelweiss exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 5000 per Cr (0.05%) (on premium).

  ICICIdirect Edelweiss
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 190 per Cr (0.0019%) | BSE Rs 190 per Cr (0.0019%) (each side)
Equity Options Rs 5000 per Cr (0.05%) (on premium) NSE Rs 5000 per Cr (0.05%) | BSE Rs 5000 per Cr (0.05%) (on premium)
Currency Futures Rs 120 per Cr (0.0012%) NSE Rs 115 per Cr (0.00115%) | BSE Rs 115 per Cr (0.00115%)
Currency Options Rs 5000 per Cr (0.05%) (on premium) Rs 4000 per Cr (0.04%) (on premium)
Commodity Group A - Rs 260 per Cr (0.0026%)
Open ICICIdirect AccountOpen Edelweiss Account

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ICICIdirect Vs Edelweiss Leverage (Margin)

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

  ICICIdirect Edelweiss
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 Edelweiss Account

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Compare ICICIdirect and Edelweiss Features

The trading platforms offered ICICIdirect include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Edelweiss offers Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Edelweiss Xpress trading software.

  ICICIdirect Edelweiss
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 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
Referral Program
Open ICICIdirect AccountOpen Edelweiss Account

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ICICIdirect Vs Edelweiss Review

ICICIdirect is rated 2.4 of 5 based on 460 customer reviews whereas Edelweiss is rated 3.0 of 5 based on 70 customer reviews.

  ICICIdirect Edelweiss
  460 Customer Reviews    Rate ICICIdirect 70 Customer Reviews    Rate Edelweiss
Fees 2.2 3.1
Brokerage 1.7 3.1
Trading Platform 3.3 3.5
Customer Service 2.7 2.7
Research Capabilities 2.9 3.0
Overall Ratings Rated 2.4 stars Rated 3.0 stars
Broker Rating ICICIdirect is rated 2.4 of 5 based on 460 customer reviews Edelweiss is rated 3.0 of 5 based on 70 customer reviews

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Contact Broker / Request A Call Back

  ICICIdirect Enquire Edelweiss 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 Trade @ flat Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes.

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ICICIdirect Vs Edelweiss Investment Options

  ICICIdirect Edelweiss
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
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 Edelweiss Order Type Offered

  ICICIdirect Edelweiss
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
Open ICICIdirect AccountOpen Edelweiss Account

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ICICIdirect Vs Edelweiss Research Report

  ICICIdirect Edelweiss
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes

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ICICIdirect Vs Edelweiss Suitable For Investor Type

  ICICIdirect Edelweiss
Casual Investor Yes
Active Investor Yes
Trader Yes

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ICICIdirect Vs Edelweiss - Pros and Cons

  ICICIdirect Edelweiss
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. Full-service broker offering discount brokerage plan.
  2. Trade at flat Rs 10 per executed order across all segments in Edelweiss Lite Plan.
  3. Instant online account opening: Open your Investing & Trading account in less than 15 minutes.
  4. Offer commodity trading on the same trading platform.
  5. Free research and trading tips call to all the customers.
  6. Online IPO application.
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. The bracket orders are not available.
  2. Good Till canceled orders are not available.
  3. Higher minimum brokerage: 3 paise per share in delivery, 1 paisa per share on Intraday and Futures
  4. Call & Trade is available at an additional cost of Rs 20 per call.
Reviews
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

Trade @ Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening (for limited time only)

  • Flat Rs 10 per trade across all segments.
  • FREE Research and Trading Tips.
  • Margin against share and Margin Funding available.

It is a limited-time offer. Open FREE Edelweiss Account online in just 15 Minutes.

Open ICICIdirect AccountOpen Edelweiss Account

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