ICICI Direct Vs Finvasia (Compare ICICI Direct and Finvasia)

The side-by-side comparison of ICICI Direct and Finvasia. Compare ICICI Direct Vs Finvasia brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best ICICI Direct vs Finvasia?


ICICI Direct
ICICI Direct 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, India's top financial service provider offering banking and other financial services. ICICI Securities offers 'online trading and investment' services to over 20 lakhs customers through ICICI Direct (ICICIDirect.com). ICICIDirect.com is the flags... Know more about ICICI Securities Pvt Ltd.


Finvasia
Finvasia is India based technology-driven financial service provider. Finvasia offers a wide range of financial services in India and 14 other countries. The key offerings include retail trading in equity, currency and commodity, asset management, investment banking, advisory, and currency hedging. Finvasia cater to retail, institutional and foreign customers. Honest Pricing. Leading-edge Platform. Exceptional Service. Finvasia Founders Finvasia Securities is based in Chandigarh, In... Know more about Finvasia Securities Pvt Ltd

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ICICI Direct Vs Finvasia

Incorporated in 2000, ICICI Direct is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 2013, Finvasia is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India.

  ICICI Direct Finvasia
Type of Broker Full Service Broker Discount Broker
Supported Exchnages BSE, NSE BSE, NSE, MCX
Account Type 3-in-1 Account (I-Secure Plan) Standard
Year of Incorporation 2000 2013
Number of Branches 154 1
Broker Enquiry Open an Online Trading Account with ICICI Direct. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Finvasia. Leave your contact info and we will get in touch with you.
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ICICI Direct Vs Finvasia Charges & AMC

ICICI Direct trading account opening charges is ₹0 while Finvasia account opening changes is ₹0 (Free). ICICI Direct Demat Account AMC Charges is ₹700 (from 2nd year) and Finvasia Demat Account AMC Charges is ₹0 per year (Lifetime Zero AMC).

  ICICI Direct Finvasia
Trading Account Opening Charges ₹0 ₹0 (Free)
Trading Account AMC Charges ₹0 ₹0 (Free)
Demat Account Opening Charges ₹0 ₹0 (Free)
Demat Account AMC Charges ₹700 (from 2nd year) ₹0 per year (Lifetime Zero AMC)
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ICICI Direct Vs Finvasia Brokerage Charges & Plans

ICICI Direct Vs Finvasia Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is 0.275% whereas Finvasia brokerage charges for equity is ₹0 and intraday is ₹0.

  ICICI Direct Finvasia
Account Type 3-in-1 Account (I-Secure Plan) Standard
Fixed Charges
Equity Delivery Brokerage 0.55% ₹0
Equity Intraday Brokerage 0.275% ₹0
Equity Futures Brokerage 0.05% to 0.03% ₹0
Equity Options Brokerage ₹95 to ₹35 per lot ₹0
Currency Futures Trading Brokerage 0.050% to 0.030% ₹0
Currency Options Trading Brokerage ₹25 to ₹10 per lot ₹0
Commodity Futures Trading Brokerage NA ₹0
Commodity Options Trading Brokerage NA ₹0
Special Offer
Special Offer: Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.

ICICI Direct Vs Finvasia Brokerage Plan 2

  ICICI Direct Finvasia
Account Type I-Saver Plan Standard
Fixed Charges NA
Equity Delivery Brokerage 0.75% to 0.25% ₹0
Equity Intraday Brokerage 0.75% to 0.25% ₹0
Equity Futures Brokerage 0.05% to 0.03% ₹0
Equity Options Brokerage ₹95 to ₹65 per lot ₹0
Currency Futures Trading Brokerage 0.05% to 0.03% ₹0
Currency Options Trading Brokerage 0.25 to ₹65 per lot ₹0
Commodity Futures Trading Brokerage NA ₹0
Commodity Options Trading Brokerage NA ₹0
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ICICI Direct Vs Finvasia Brokerage Plan 3

  ICICI Direct Finvasia
Account Type ICICIdirect Prime Plan Standard
Fixed Charges ₹900 NA
Equity Delivery Brokerage 0.25% ₹0
Equity Intraday Brokerage 0.25% ₹0
Equity Futures Brokerage 0.025% ₹0
Equity Options Brokerage ₹35 ₹0
Currency Futures Trading Brokerage ₹0 ₹0
Currency Options Trading Brokerage ₹0 ₹0
Commodity Futures Trading Brokerage NA ₹0
Commodity Options Trading Brokerage NA ₹0
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ICICI Direct Charges Vs Finvasia

Minimum Brokerage Charges ₹35 per trade ₹0
Other Brokerage Charges Bracket Orders in NEST: ₹99 per month
Call & Trade Charges ₹25 per call after first 20 free calls per month ₹0
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ICICI Direct Vs Finvasia Transaction Charges

ICICI Direct transaction charges for options is ₹5000 per Cr (0.05%) (on premium) while Finvasia exchange transaction charges for options is ₹5000 per Cr (0.05%) (on premium).

  ICICI Direct Finvasia
Equity Delivery NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) NSE ₹325 per Cr (0.00325%) | BSE ₹325 per Cr (0.00325%) (each side)
Equity Intraday NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) NSE ₹325 per Cr (0.00325%) | BSE ₹325 per Cr (0.00325%) (each side)
Equity Futures ₹180 per Cr (0.0018%) NSE ₹190 per Cr (0.0019%) | BSE ₹190 per Cr (0.0019%) (each side)
Equity Options ₹5000 per Cr (0.05%) (on premium) ₹5000 per Cr (0.05%) (on premium)
Currency Futures ₹120 per Cr (0.0012%) ₹115 per Cr (0.00115%)
Currency Options ₹5000 per Cr (0.05%) (on premium) ₹4000 per Cr (0.04%) (on premium)
Commodity NA ₹260 per Cr (0.0026%)
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ICICI Direct Vs Finvasia Leverage (Margin)

ICICI Direct provides the margin of Upto 25x for intraday trades whereas the Finvasia margin for intraday cash is up to 10x.

  ICICI Direct Finvasia
Equity Delivery 5x with Interest 1x
Equity Intraday Upto 25x up to 10x
Equity Futures 4x 2x
Equity Options 2x for shorting 1x
Currency Futures NA 1x
Currency Options NA 1x
Commodity Futures NA 2x
Commodity Options 1x
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Compare ICICI Direct and Finvasia Features

The trading platforms offered ICICI Direct include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Finvasia offers Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto trading software.

  ICICI Direct Finvasia
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Margin Against Shares (Equity Cash) Yes No
Margin Against Shares (Equity F&O) Yes No
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto
Intraday Square-off Time 3:30 PM 3:15 PM
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader Asset management, Investment Banking, Advisory, and Currency hedging.
Referral Program
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ICICI Direct Vs Finvasia Review

ICICI Direct is rated 2.4 of 5 based on 430 customer reviews whereas Finvasia is rated 4.5 of 5 based on 28 customer reviews.

  ICICI Direct Finvasia
  430 Customer Reviews    Rate ICICI Direct 28 Customer Reviews    Rate Finvasia
Fees 2.3 4.7
Trading Brokerage 1.7 4.9
Trading Platform Usability 3.4 3.4
Customer Service 2.7 4.5
Research Capabilities 3.1 2.7
Overall Ratings Rated 2.4 stars Rated 4.5 stars
Broker Rating ICICI Direct is rated 2.4 of 5 based on 430 customer reviews Finvasia is rated 4.5 of 5 based on 28 customer reviews
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Contact Broker / Request A Call Back

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Contact Broker

Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.

Leave your contact information and we will get in touch with you....

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ICICI Direct Vs Finvasia Investment Options

  ICICI Direct Finvasia
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes No
Other Investment Options Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS
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ICICI Direct Vs Finvasia Order Type Offered

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

  ICICI Direct Finvasia
Daily Market Report Yes Yes
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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ICICI Direct Vs Finvasia Suitable For Investor Type

  ICICI Direct Finvasia
Casual Investor Yes
Active Investor Yes
Trader Yes
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ICICI Direct Vs Finvasia - Pros and Cons

  ICICI Direct Finvasia
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.
  • Finvasia truly doesn't charge any brokers for any segment on any exchange. No monthly fee except software uses charges for few optional advances trading platform.
  • Doesn't charge any trade clearing charges.
  • A variety of trading platforms are available for the trader to choose from.
  • Provides trading API and support Algo trading tools.
  • Offer other services including Asset Management, Investment Banking, Research and Currency Hedging for retail, institutional and foreign clients.
  • Call & trade is available for free to all the customers.
  • GTC orders are available in MCX.
Cons
  • ICICI Security charges highest brokerage in comparison to most of the retail broke₹in India.
  • Very high 'minimum brokerage' of ₹35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hou₹of trading.
  • Trading Terminal (Trade Racer) cost ₹75 per month if brokerage paid in a month is less then ₹750.
  • Demat Account is mandatory.
  • Commodity trading is not available for retail investors.
  • Call & trade cost extra ₹25 per call after first 20 free calls in a month.
  • Scalpter, the web-based trading platform has only 1 min charting frame.
  • Bracket orders are chargeable.
  • NEST and NOW trading terminals (Installable trading application) are available at additional monthly fees.
  • GTC orders are not available at NSE and BSE.
  • Finvasia is an online stock broker. It doesn't have branch offices.
  • Doesn't offer a 3-in-1 account.
  • Doesn't offer margin funding.
  • Leverage offered is on the lower side in comparison with other discount brokers.
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.

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