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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...

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...

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
	Enquire ICICI Direct	Enquire Fyers

ICICI Direct Vs Fyers Charges & AMC

ICICI Direct trading account opening charges is Rs 0 while Fyers account opening changes is Rs 0 (Free). ICICI Direct Demat Account AMC Charges is Rs 700 (from 2nd year) and Fyers Demat Account AMC Charges is Rs 300.

	ICICI Direct	Fyers
Trading Account Opening Charges	Rs 0	Rs 0 (Free)
Trading Account AMC Charges	Rs 0	Rs 0 (Free)
Demat Account Opening Charges	Rs 0	Rs 0 (Free)
Demat Account AMC Charges	Rs 700 (from 2nd year)	Rs 300

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 Rs 0 (Free) and intraday is Rs 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		NA
Equity Delivery Brokerage	0.55%	Rs 0 (Free)
Equity Intraday Brokerage	0.275%	Rs 20 per executed order or .03% whichever is lower
Equity Futures Brokerage	0.05% to 0.03%	Rs 20 per executed order or .03% whichever is lower
Equity Options Brokerage	Rs 95 to Rs 35 per lot	Rs 20 per executed order
Currency Futures Trading Brokerage	0.050% to 0.030%	Rs 20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage	Rs 25 to Rs 10 per lot	Rs 20 per executed order
Commodity Futures Trading Brokerage	NA	Rs 20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage	NA	Rs 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 Rs 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%	Rs 0 (Free)
Equity Intraday Brokerage	0.75% to 0.25%	Rs 20 per executed order or .03% whichever is lower
Equity Futures Brokerage	0.05% to 0.03%	Rs 20 per executed order or .03% whichever is lower
Equity Options Brokerage	Rs 95 to Rs 65 per lot	Rs 20 per executed order
Currency Futures Trading Brokerage	0.05% to 0.03%	Rs 20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage	0.25 to Rs 65 per lot	Rs 20 per executed order
Commodity Futures Trading Brokerage	NA	Rs 20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage	NA	Rs 20 per executed order
	Enquire ICICI Direct	Enquire Fyers

ICICI Direct Vs Fyers Brokerage Plan 3

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

ICICI Direct Charges Vs Fyers

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

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
	Enquire ICICI Direct	Enquire Fyers

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 Available
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
	Enquire ICICI Direct	Enquire Fyers

ICICI Direct Vs Fyers Review

ICICI Direct is rated 2.4 of 5 based on 437 customer reviews whereas Fyers is rated 3.4 of 5 based on 18 customer reviews.

	ICICI Direct	Fyers
	437 Customer Reviews	18 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICI Direct is rated 2.4 of 5 based on 437 customer reviews	Fyers is rated 3.4 of 5 based on 18 customer reviews

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. Name Phone # Email City Name State Are you a day trader?	Brokerage free equity delivery trading (no commission) + Max flat Rs 20 Intra-day and F&O trades. Get the offer Name Phone # Email City Name State Are you a day trader?

ICICI Direct Vs Fyers Investment Options

	ICICI Direct	Fyers
Stock / Equity
Commodity
Currency
Initial Public Offers (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)
	Enquire ICICI Direct	Enquire Fyers

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. Commodity trading is not available for retail investors. Call & trade cost extra Rs 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 Rs 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 Direct	Enquire Fyers

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