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, one of the largest retail stock broker firm in India. It offers a wide range of investment options. 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 50 lakhs customers through ICICI Direct (ICICIDirect.com). ICICIDirect.com is the flagship website of ICICI Bank. This w... 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

Expand

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.
Enquire ICICI DirectEnquire Finvasia
Expand

ICICI Direct Vs Finvasia Charges & AMC

ICICI Direct trading account opening charges is Rs 0 while Finvasia account opening changes is Rs 0 (Free). ICICI Direct Demat Account AMC Charges is Rs 300 (from 2nd year) and Finvasia Demat Account AMC Charges is Rs 0 per year (Lifetime Zero AMC).

  ICICI Direct Finvasia
Trading Account Opening Charges Rs 0 Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 0 (Free)
Demat Account Opening Charges Rs 0 Rs 0 (Free)
Demat Account AMC Charges Rs 300 (from 2nd year) Rs 0 per year (Lifetime Zero AMC)
Expand

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 Rs 0 and intraday is Rs 0.

  ICICI Direct Finvasia
Account Type 3-in-1 Account (I-Secure Plan) Standard
Fixed Charges NA
Equity Delivery Brokerage 0.55% Rs 0
Equity Intraday Brokerage 0.275% Rs 0
Equity Futures Brokerage 0.05% to 0.03% Rs 0
Equity Options Brokerage Rs 95 to Rs 35 per lot Rs 0
Currency Futures Trading Brokerage 0.050% to 0.030% Rs 0
Currency Options Trading Brokerage Rs 25 to Rs 10 per lot Rs 0
Commodity Futures Trading Brokerage NA Rs 0
Commodity Options Trading Brokerage NA Rs 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% Rs 0
Equity Intraday Brokerage 0.75% to 0.25% Rs 0
Equity Futures Brokerage 0.05% to 0.03% Rs 0
Equity Options Brokerage Rs 95 to Rs 65 per lot Rs 0
Currency Futures Trading Brokerage 0.05% to 0.03% Rs 0
Currency Options Trading Brokerage 0.25 to Rs 65 per lot Rs 0
Commodity Futures Trading Brokerage NA Rs 0
Commodity Options Trading Brokerage NA Rs 0
Enquire ICICI DirectEnquire Finvasia

ICICI Direct Vs Finvasia Brokerage Plan 3

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

ICICI Direct Charges Vs Finvasia

Minimum Brokerage Charges Rs 35 per trade Rs 0
Other Brokerage Charges Bracket Orders in NEST: Rs 99 per month
Call & Trade Charges Rs 25 per call after first 20 free calls per month Rs 0
Expand

ICICI Direct Vs Finvasia Transaction Charges

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

  ICICI Direct Finvasia
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 325 per Cr (0.00325%) (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 325 per Cr (0.00325%) (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) Rs 5000 per Cr (0.05%) (on premium)
Currency Futures Rs 120 per Cr (0.0012%) 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 NA Rs 260 per Cr (0.0026%)
Enquire ICICI DirectEnquire Finvasia
Expand

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
Enquire ICICI DirectEnquire Finvasia
Expand

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
Enquire ICICI DirectEnquire Finvasia
Expand

ICICI Direct Vs Finvasia Review

ICICI Direct is rated 2.4 of 5 based on 440 customer reviews whereas Finvasia is rated 4.5 of 5 based on 35 customer reviews.

  ICICI Direct Finvasia
  440 Customer Reviews    Rate ICICI Direct 35 Customer Reviews    Rate Finvasia
Fees 2.2 4.7
Trading Brokerage 1.7 4.9
Trading Platform Usability 3.4 3.4
Customer Service 2.7 4.5
Research Capabilities 3.0 2.6
Overall Ratings Rated 2.4 stars Rated 4.5 stars
Broker Rating ICICI Direct is rated 2.4 of 5 based on 440 customer reviews Finvasia is rated 4.5 of 5 based on 35 customer reviews
Expand

Contact Broker / Request A Call Back

  ICICI Direct Enquire Finvasia Enquire
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....

Expand

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
Expand

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
Enquire ICICI DirectEnquire Finvasia
Expand

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
Expand

ICICI Direct Vs Finvasia Suitable For Investor Type

  ICICI Direct Finvasia
Casual Investor Yes
Active Investor Yes
Trader Yes
Expand

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 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.
  • 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.

Enquire ICICI DirectEnquire Finvasia

Compare More Brokers...

ICICI Direct Finvasia
Compare More Brokers:







Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App