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ICICIdirect Vs Fyers (Compare ICICIdirect and Fyers)

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...

ICICIdirect Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs

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...

Fyers Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs

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 Account	Open Fyers Account

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

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 Account	Open 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

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 Account	Open Fyers Account

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 Account	Open Fyers Account

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
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 ICICIdirect Account	Open Fyers Account

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	27 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
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

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.

ICICIdirect Vs Fyers Investment Options

	ICICIdirect	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

ICICIdirect Vs Fyers Order Type Offered

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

ICICIdirect Vs Fyers Research Report

	ICICIdirect	Fyers
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

ICICIdirect Vs Fyers Suitable For Investor Type

	ICICIdirect	Fyers
Casual Investor
Active Investor
Trader

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 Account	Open Fyers Account

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