ICICI Direct Vs Fyers (Compare ICICI Direct and Fyers)

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
Exchnage Membership	BSE, NSE	NSE, MCX
Year of Incorporation	2000	2015
Number of Branches	154	0
	Open ICICI Direct Account	Open Fyers Account

ICICI Direct Vs Fyers Charges & AMC

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

	ICICI Direct	Fyers
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 300

ICICI Direct Vs Fyers Brokerage

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

	ICICI Direct	Fyers
Account Type	ICICI Neo Plan	Flat Fee Brokerage Plan
Fixed Charges	NA	NA
Equity Delivery	0.55%	Rs 0 (Free)
Equity Intraday	Rs 20 per order	Rs 20 per executed order or .03% whichever is lower
Equity Futures	Rs 0 (Free)	Rs 20 per executed order or .03% whichever is lower
Equity Options	Rs 20 per order	Rs 20 per executed order
Currency Futures	Rs 20 per order	Rs 20 per executed order or .03% whichever is lower
Currency Options	Rs 20 per order	Rs 20 per executed order
Commodity Futures	Rs 20 per order	Rs 20 per executed order or .03% whichever is lower
Commodity Options	Rs 20 per order	Rs 20 per executed order
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	Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

ICICI Direct Vs Fyers Brokerage Plan 2

	ICICI Direct	Fyers
Account Type	I-Secure Plan	Flat Fee Brokerage Plan
Fixed Charges	NA	NA
Equity Delivery	0.55%	Rs 0 (Free)
Equity Intraday	0.275%	Rs 20 per executed order or .03% whichever is lower
Equity Futures	0.05%	Rs 20 per executed order or .03% whichever is lower
Equity Options	Rs 95 per lot	Rs 20 per executed order
Currency Futures	Rs 20 per order	Rs 20 per executed order or .03% whichever is lower
Currency Options	Rs 20 per order	Rs 20 per executed order
Commodity Futures	Rs 20 per order	Rs 20 per executed order or .03% whichever is lower
Commodity Options	Rs 20 per order	Rs 20 per executed order
	Open ICICI Direct Account	Open Fyers Account

ICICI Direct Charges Vs Fyers

Minimum Brokerage	Rs 35 per trade (I-Secure Plan)	Intra-day: Rs 7 or 2.5% whichever is lower
Other Charges	Margin Trading Interest: 0.025% Per day	Square-off by Fyers - Rs 20 per trade, NRI Brokerage: Rs 100 per executed order (For all segments)
Call & Trade Charges	Rs 50 per trade	Rs 20 per trade

ICICI Direct Vs Fyers Transaction Charges

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

	ICICI Direct	Fyers
Equity Delivery	NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)	Rs 325 per Cr (0.00325%)
Equity Intraday	NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)	Rs 325 per Cr (0.00325%)
Equity Futures	Rs 180 per Cr (0.0018%)	Rs 240 per Cr (0.0024%)
Equity Options	Rs 5000 per Cr (0.05%) (on premium)	Rs 5900 per Cr (on premium) (0.059%)
Currency Futures	Rs 120 per Cr (0.0012%)	Rs 240 per Cr (0.0024%)
Currency Options	Rs 5000 per Cr (0.05%) (on premium)	Rs 5900 per Cr (on premium) (0.059%)
Commodity	Group A - Rs 260 per Cr (0.0026%)	NA
	Open ICICI Direct Account	Open Fyers Account

ICICI Direct Vs Fyers Leverage (Margin)

ICICI Direct margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Fyers margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	ICICI Direct	Fyers
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
	Open ICICI Direct Account	Open Fyers Account

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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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
	Open ICICI Direct Account	Open Fyers Account

ICICI Direct Vs Fyers Review

ICICI Direct is rated 2.4 of 5 based on 450 customer reviews whereas Fyers is rated 3.2 of 5 based on 21 customer reviews.

	ICICI Direct	Fyers
	450 Customer Reviews	21 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICI Direct is rated 2.4 of 5 based on 450 customer reviews	Fyers is rated 3.2 of 5 based on 21 customer reviews

ICICI Direct Vs Fyers Investment Options

	ICICI Direct	Fyers
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS

ICICI Direct Vs Fyers Order Type Offered

	ICICI Direct	Fyers
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
	Open ICICI Direct Account	Open Fyers Account

ICICI Direct Vs Fyers Research Report

	ICICI Direct	Fyers
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

ICICI Direct Vs Fyers Suitable For Investor Type

	ICICI Direct	Fyers
Casual Investor
Active Investor
Trader

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 Rs 20 per trade. Free account opening. 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 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.	Depository services are offered through another company (IL&FS). Higher demat charges. No branch offices. No good 'til canceled (GTC) orders.
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 (Intraday and F&O) in BSE, NSE and MCX Free trading tips Get funds in your bank account in just 30 minutes of selling stocks Interested in opening a trading account? Open Instant Account Now	Free Equity Delivery Trading and Mutual Funds Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O. Brokerage-free Direct Mutual Fund investment. Trade with one of the best trading platforms in India. This is a limited-time offer. Open FREE Fyers Account online and start trading today.
	Open ICICI Direct Account	Open Fyers Account