ICICI Direct Vs Fyers (Compare ICICI Direct and Fyers)

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


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.


Fyers
Incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments at NSE. FYERS word is an acronym of "Focus Your Energy & Reform the Self", representing the core values of the company. The company is founded by young entrepreneurs who believes in building the best trading platforms, being transparent and keeping the cost of trading at its lowest in India. Fyers is a low brokerage stock broker in... Know more about Fyers Securities Ltd

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ICICI Direct Vs Fyers

Incorporated in 2000, ICICI Direct is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 2015, Fyers is a Discount Broker. It offers trading at NSE, MCX. It has 0 branches across India.

  ICICI Direct Fyers
Type of Broker Full Service Broker Discount Broker
Supported Exchnages BSE, NSE NSE, MCX
Account Type 3-in-1 Account (I-Secure Plan) Flat Fee Brokerage Plan
Year of Incorporation 2000 2015
Number of Branches 154 0
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 Fyers. Leave your contact info and we will get in touch with you.
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ICICI Direct Vs Fyers Charges & AMC

ICICI Direct trading account opening charges is ₹975 while Fyers account opening changes is ₹400 (Free). ICICI Direct Demat Account AMC Charges is ₹700 and Fyers Demat Account AMC Charges is ₹300.

  ICICI Direct Fyers
Trading Account Opening Charges ₹975 ₹400 (Free)
Trading Account AMC Charges ₹0 ₹0 (Free)
Demat Account Opening Charges ₹0 ₹0 (Free)
Demat Account AMC Charges ₹700 ₹300
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ICICI Direct Vs Fyers Brokerage Charges & Plans

ICICI Direct Vs Fyers Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is 0.275% whereas Fyers brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order or .03% whichever is lower.

  ICICI Direct Fyers
Account Type 3-in-1 Account (I-Secure Plan) Flat Fee Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.55% ₹0 (Free)
Equity Intraday Brokerage 0.275% ₹20 per executed order or .03% whichever is lower
Equity Futures Brokerage 0.05% to 0.03% ₹20 per executed order or .03% whichever is lower
Equity Options Brokerage ₹95 to ₹35 per lot ₹20 per executed order
Currency Futures Trading Brokerage 0.050% to 0.030% ₹20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage ₹25 to ₹10 per lot ₹20 per executed order
Commodity Futures Trading Brokerage NA ₹20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage NA ₹20 per executed order
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.
Special Offer: Brokerage free equity delivery trading (no commission) + Max flat ₹20 Intra-day and F&O trades. Get the offer

ICICI Direct Vs Fyers Brokerage Plan 2

  ICICI Direct Fyers
Account Type I-Saver Plan Flat Fee Brokerage Plan
Fixed Charges NA
Equity Delivery Brokerage 0.75% to 0.25% ₹0 (Free)
Equity Intraday Brokerage 0.75% to 0.25% ₹20 per executed order or .03% whichever is lower
Equity Futures Brokerage 0.05% to 0.03% ₹20 per executed order or .03% whichever is lower
Equity Options Brokerage ₹95 to ₹65 per lot ₹20 per executed order
Currency Futures Trading Brokerage 0.05% to 0.03% ₹20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage 0.25 to ₹65 per lot ₹20 per executed order
Commodity Futures Trading Brokerage NA ₹20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage NA ₹20 per executed order
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ICICI Direct Vs Fyers Brokerage Plan 3

  ICICI Direct Fyers
Account Type ICICIdirect Prime Plan Flat Fee Brokerage Plan
Fixed Charges ₹900 NA
Equity Delivery Brokerage 0.25% ₹0 (Free)
Equity Intraday Brokerage 0.25% ₹20 per executed order or .03% whichever is lower
Equity Futures Brokerage 0.025% ₹20 per executed order or .03% whichever is lower
Equity Options Brokerage ₹35 ₹20 per executed order
Currency Futures Trading Brokerage ₹0 ₹20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage ₹0 ₹20 per executed order
Commodity Futures Trading Brokerage NA ₹20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage NA ₹20 per executed order
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ICICI Direct Charges Vs Fyers

Minimum Brokerage Charges ₹35 per trade Intra-day: ₹7 or 2.5% whichever is lower
Other Brokerage Charges Square-off by Fyers - ₹20 per trade, NRI Brokerage: ₹100 per executed order (For all segments)
Call & Trade Charges ₹25 per call after first 20 free calls per month ₹20 per trade
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ICICI Direct Vs Fyers Transaction Charges

ICICI Direct transaction charges for options is ₹5000 per Cr (0.05%) (on premium) while Fyers exchange transaction charges for options is ₹5900 per Cr (on premium) (0.059%).

  ICICI Direct Fyers
Equity Delivery NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) ₹325 per Cr (0.00325%)
Equity Intraday NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) ₹325 per Cr (0.00325%)
Equity Futures ₹180 per Cr (0.0018%) ₹240 per Cr (0.0024%)
Equity Options ₹5000 per Cr (0.05%) (on premium) ₹5900 per Cr (on premium) (0.059%)
Currency Futures ₹120 per Cr (0.0012%) ₹240 per Cr (0.0024%)
Currency Options ₹5000 per Cr (0.05%) (on premium) ₹5900 per Cr (on premium) (0.059%)
Commodity NA NA
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ICICI Direct Vs Fyers Leverage (Margin)

ICICI Direct provides the margin of Upto 25x for intraday trades whereas the Fyers margin for intraday cash is Up to 16x (based on the stock).

  ICICI Direct Fyers
Equity Delivery 5x with Interest 1 times
Equity Intraday Upto 25x Up to 16x (based on the stock)
Equity Futures 4x Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options 2x for shorting Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x
Currency Futures NA Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options NA Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling)
Commodity Futures NA NA
Commodity Options
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Compare ICICI Direct and Fyers Features

The trading platforms offered ICICI Direct include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Fyers offers Fyers One (In-house build) trading software.

  ICICI Direct Fyers
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No No
SMS Alerts No No
Online Demo Yes No
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 Fyers One (In-house build)
Intraday Square-off Time 3:30 PM 3:20 PM
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader Brokerage free thematic investing is available
Referral Program Yes
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ICICI Direct Vs Fyers Review

ICICI Direct is rated 2.4 of 5 based on 422 customer reviews whereas Fyers is rated 4.0 of 5 based on 14 customer reviews.

  ICICI Direct Fyers
  422 Customer Reviews    Rate ICICI Direct 14 Customer Reviews    Rate Fyers
Fees 2.3 3.6
Trading Brokerage 1.7 4.0
Trading Platform Usability 3.4 3.6
Customer Service 2.7 4.3
Research Capabilities 3.0 2.0
Overall Ratings Rated 2.4 stars Rated 4.0 stars
Broker Rating ICICI Direct is rated 2.4 of 5 based on 422 customer reviews Fyers is rated 4.0 of 5 based on 14 customer reviews
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Contact Broker / Request A Call Back

  ICICI Direct Enquire Fyers 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.

Brokerage free equity delivery trading (no commission) + Max flat ₹20 Intra-day and F&O trades. Get the offer

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ICICI Direct Vs Fyers Investment Options

  ICICI Direct Fyers
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
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 Fyers Order Type Offered

  ICICI Direct Fyers
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 Fyers Research Report

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

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

  ICICI Direct Fyers
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.
  • Free equity delivery trades and thematic investments. No brokerage for this segment.
  • Very low brokerage charges of maximum ₹20 per trade.
  • No software charges.
  • State of art trading platforms.
  • Thematic investment is available
  • Refer your friends and earn 20% of the revenues generated by your friends, for life!
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.
  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.
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.

Free Equity Delivery Trading

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. To open an account with Fyers, simply leave your contact information with us and Fyers representatives will call you.

Enquire ICICI DirectEnquire Fyers

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