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ICICIDirect Vs Finvasia (Compare ICICIDirect and Finvasia)

The side-by-side comparison of ICICIDirect and Finvasia. Compare ICICIDirect Vs Finvasia brokerage, charges, exposure margin, demat account. Read Finvasia and ICICIDirect review.

Find out ICICIDirect Vs Finvasia which is better and ICICIDirect Vs Finvasia which is best.

Our ICICI Securities Pvt Ltd. comparison with Finvasia Securities Pvt Ltd highlights the major differences between two brokers. Find the best between ICICIDirect and Finvasia.

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ICICIDirect Vs Finvasia

  ICICI Securities Pvt Ltd. Finvasia Securities Pvt Ltd
 
ICICI Securities Pvt Ltd. Logo Finvasia Securities Pvt 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. 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 manageme... Know more about Finvasia Securities Pvt Ltd
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE BSE, NSE, MCX
Account Type 3-in-1 Account (I-Secure Plan) Standard
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 Finvasia. Leave your contact info and we will get in touch with you.
Year of Incorporation
Number of Branches
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ICICIDirect Vs Finvasia Charges

  ICICI Securities Pvt Ltd. Finvasia Securities Pvt Ltd
Trading Account Opening Fees ₹975 ₹0 (Free)
Trading Account AMC ₹0 ₹0 (Free)
Demat Account Opening Fees ₹0 ₹0 (Free)
Demat Account AMC ₹450 ₹0 per year (Lifetime Zero AMC)
Demat Account is Mandatory? No No
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ICICIDirect Vs Finvasia Brokerage

Brokerage Plan 1

  ICICI Securities Pvt Ltd. Finvasia Securities Pvt Ltd
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

Brokerage Plan 2

  ICICI Securities Pvt Ltd. Finvasia Securities Pvt Ltd
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 ₹95 to ₹65 per lot ₹0
Commodity Futures Trading Brokerage NA ₹0
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹35 per trade ₹0
Other Brokerage Charges None
Call & Trade Charges ₹25 per call after first 20 free calls per month ₹0
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ICICIDirect Vs Finvasia Taxes

  ICICI Securities Pvt Ltd. Finvasia Securities Pvt 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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ICICIDirect Vs Finvasia Transaction Charges

  ICICI Securities Pvt Ltd. Finvasia Securities Pvt Ltd
Equity Delivery NSE: 0.0031% | BSE: 0.0028% ₹325/crore
Equity Intraday NSE: 0.0031% | BSE: 0.0028% ₹325/crore
Equity Futures 0.0018% ₹190/crore
Equity Options 0.05% on Premium ₹5000/crore of premium
Currency Futures 0.0012% ₹115/crore
Currency Options 0.05% on Premium ₹4000/crore of premium
Commodity NA ₹260/crore
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ICICIDirect Vs Finvasia Exposure Margin

  ICICI Securities Pvt Ltd. Finvasia Securities Pvt Ltd
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 NA 2x
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ICICIDirect and Finvasia Feature Comparison

  ICICI Securities Pvt Ltd. Finvasia Securities Pvt Ltd
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
Margin Against Shares (Equity F&O) Yes
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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ICICIDirect Vs Finvasia Review

  ICICI Securities Pvt Ltd. Finvasia Securities Pvt Ltd
  400 Customer Reviews    Rate ICICIDirect 9 Customer Reviews    Rate Finvasia
Fees Ratings 2.3 4.4
Trading Brokerage Rating 1.7 4.8
Trading Platform Usability 3.4 3.0
Customer Service Ratings 2.8 4.7
Overall Ratings Rated 2.4 stars Rated 4.7 stars
Broker Rating ICICIDirect is Rated 2.4 / 5 based on 400 customer reviews Finvasia is Rated 4.7 / 5 based on 9 customer reviews
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Contact Broker / Request A Call Back

  ICICI Securities Pvt Ltd. Finvasia Securities Pvt Ltd
Contact / Request Call Back
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ICICIDirect Vs Finvasia Investment Options

  ICICI Securities Pvt Ltd. Finvasia Securities Pvt Ltd
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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ICICIDirect Vs Finvasia Customer Service

  ICICI Securities Pvt Ltd. Finvasia Securities Pvt Ltd
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches Yes No
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ICICIDirect Vs Finvasia Order Type Offered

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

  ICICI Securities Pvt Ltd. Finvasia Securities Pvt Ltd
Daily Market Report Yes Yes
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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ICICIDirect Vs Finvasia Suitable For Investor Type

  ICICI Securities Pvt Ltd. Finvasia Securities Pvt Ltd
Casual Investor Yes
Active Investor Yes
Trader Yes
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ICICIDirect Vs Finvasia - Advantages and Disadvantages

  ICICI Securities Pvt Ltd. Finvasia Securities Pvt 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...

  • 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.

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...

  • Finvasia is an online stock broker. Except for Chandigarh, it doesn't have branch offices, partner office or franchises.
  • Doesn't offer a 3-in-1 account.
  • Doesn't offer margin funding. The company is planning to launch this service in future.
  • Leverage offered is on the lower side in comparison with other discount brokers.
  • NEST and NOW trading terminals (Installable trading application) are available at additional monthly fees.
  • GTC orders are not available at NSE and BSE.

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.

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