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ICICIdirect Vs Finvasia (Compare ICICIdirect and Finvasia)


ICICI Securities Pvt Ltd. Logo

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.


Finvasia Securities Pvt Ltd Logo

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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ICICIdirect Vs Finvasia

Incorporated in 2000, ICICIdirect 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.

  ICICIdirect Finvasia
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE BSE, NSE, MCX
Year of Incorporation 2000 2013
Number of Branches 154 1
Open an Online Trading Account with ICICIdirect.Open an Online Trading Account with Finvasia.
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ICICIdirect Vs Finvasia Charges & AMC

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

  ICICIdirect Finvasia
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free) Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 300 (from 2nd year) Rs 0 per year (Lifetime Zero AMC)
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ICICIdirect Vs Finvasia Brokerage Charges & Plans

ICICIdirect Vs Finvasia Brokerage

ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas Finvasia brokerage charges for equity is Rs 0 and intraday is Rs 0.

  ICICIdirect Finvasia
Account Type ICICI Neo Plan Standard
Fixed Charges NA NA
Equity Delivery 0.55% Rs 0
Equity Intraday Rs 20 per order Rs 0
Equity Futures Rs 0 (Free) Rs 0
Equity Options Rs 20 per order Rs 0
Currency Futures Rs 20 per order Rs 0
Currency Options Rs 20 per order Rs 0
Commodity Futures Rs 20 per order Rs 0
Commodity Options Rs 20 per order Rs 0
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

ICICIdirect Vs Finvasia Brokerage Plan 2

  ICICIdirect Finvasia
Account Type I-Secure Plan Standard
Fixed Charges NA NA
Equity Delivery 0.55% Rs 0
Equity Intraday 0.275% Rs 0
Equity Futures 0.05% Rs 0
Equity Options Rs 95 per lot Rs 0
Currency Futures Rs 20 per order Rs 0
Currency Options Rs 20 per order Rs 0
Commodity Futures Rs 20 per order Rs 0
Commodity Options Rs 20 per order Rs 0
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ICICIdirect Charges Vs Finvasia

Minimum Brokerage Rs 35 per trade (I-Secure Plan) Rs 0
Other Charges Margin Trading Interest: 0.025% Per day Bracket Orders in NEST: Rs 99 per month
Call & Trade Charges Rs 50 per trade Rs 0
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ICICIdirect Vs Finvasia Transaction Charges

ICICIdirect 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).

  ICICIdirect 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 Group A - Rs 260 per Cr (0.0026%) Rs 260 per Cr (0.0026%)
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ICICIdirect Vs Finvasia Leverage (Margin)

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

  ICICIdirect Finvasia
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)
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Compare ICICIdirect and Finvasia Features

The trading platforms offered ICICIdirect 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.

  ICICIdirect 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 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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ICICIdirect Vs Finvasia Review

ICICIdirect is rated 2.4 of 5 based on 453 customer reviews whereas Finvasia is rated 4.5 of 5 based on 43 customer reviews.

  ICICIdirect Finvasia
  453 Customer Reviews    Rate ICICIdirect 43 Customer Reviews    Rate Finvasia
Fees 2.2 4.7
Brokerage 1.7 4.9
Trading Platform 3.3 3.5
Customer Service 2.7 4.4
Research Capabilities 2.9 2.9
Overall Ratings Rated 2.4 stars Rated 4.5 stars
Broker Rating ICICIdirect is rated 2.4 of 5 based on 453 customer reviews Finvasia is rated 4.5 of 5 based on 43 customer reviews
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Contact Broker / Request A Call Back

  ICICIdirect Enquire Finvasia 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 Leave your contact information and we will get in touch with you....
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ICICIdirect Vs Finvasia Investment Options

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

  ICICIdirect 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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ICICIdirect Vs Finvasia Research Report

  ICICIdirect Finvasia
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

  ICICIdirect Finvasia
Casual Investor Yes
Active Investor Yes
Trader Yes
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ICICIdirect Vs Finvasia - Pros and Cons

  ICICIdirect 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.
  • Call & trade cost extra Rs 50 per trade in Neo/Prime Plans.
  • 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

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

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