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ICICIdirect Vs Fyers (Compare ICICIdirect and Fyers)

ICICI Securities Pvt Ltd. Logo

About 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.

Fyers Securities Ltd Logo

About 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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ICICIdirect Vs Fyers

Incorporated in 2000, ICICIdirect 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.

  ICICIdirect 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 ICICIdirect AccountOpen Fyers Account

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ICICIdirect Vs Fyers Charges & AMC

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

  ICICIdirect 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

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ICICIdirect Vs Fyers Brokerage

ICICIdirect 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.

Account Type ICICIdirect ICICI Neo Plan Fyers 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.

ICICIdirect Vs Fyers Brokerage Plan 2

  ICICIdirect 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 ICICIdirect AccountOpen Fyers Account

ICICIdirect 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

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ICICIdirect Vs Fyers Transaction Charges

ICICIdirect 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%).

  ICICIdirect 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 ICICIdirect AccountOpen Fyers Account

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ICICIdirect Vs Fyers Leverage (Margin)

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

  ICICIdirect Fyers
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)
Open ICICIdirect AccountOpen Fyers Account

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Compare ICICIdirect and Fyers Features

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

  ICICIdirect 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 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
Open ICICIdirect AccountOpen Fyers Account

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ICICIdirect Vs Fyers Review

ICICIdirect is rated 2.4 of 5 based on 461 customer reviews whereas Fyers is rated 3.0 of 5 based on 27 customer reviews.

  ICICIdirect Fyers
  461 Customer Reviews    Rate ICICIdirect 27 Customer Reviews    Rate Fyers
Fees 2.2 3.3
Brokerage 1.7 3.7
Trading Platform 3.3 3.1
Customer Service 2.7 3.1
Research Capabilities 2.9 2.1
Overall Ratings Rated 2.4 stars Rated 3.0 stars
Broker Rating ICICIdirect is rated 2.4 of 5 based on 461 customer reviews Fyers is rated 3.0 of 5 based on 27 customer reviews

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Contact Broker / Request A Call Back

  ICICIdirect Enquire Fyers 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 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.

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ICICIdirect Vs Fyers Investment Options

  ICICIdirect Fyers
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
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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ICICIdirect Vs Fyers Order Type Offered

  ICICIdirect 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
Open ICICIdirect AccountOpen Fyers Account

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ICICIdirect Vs Fyers Research Report

  ICICIdirect Fyers
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No

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ICICIdirect Vs Fyers Suitable For Investor Type

  ICICIdirect Fyers
Casual Investor Yes
Active Investor Yes
Trader Yes

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ICICIdirect Vs Fyers - Pros and Cons

  ICICIdirect 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 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

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 ICICIdirect AccountOpen Fyers Account

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