FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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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 Tradin...
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...
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 | |
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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 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 0 (Free).
ICICIdirect | Fyers | |
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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 0 (Free) |
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 |
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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 5 minutes from sell orders + Free trading tips. Open Instant Account Now
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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 | Fyers | |
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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 |
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 transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) while Fyers exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium).
ICICIdirect | Fyers | |
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Equity Delivery | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) |
Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side) |
Equity Futures | NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 | NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 |
Equity Options | NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) | NSE Rs 5000 per Cr (0.05%) (on premium) |
Currency Futures | NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) | NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) |
Currency Options | NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium) | NSE Rs 3500 per Cr (0.035%) (on premium) |
Commodity | Group A - Rs 260 per Cr (0.0026%) | NA |
Open ICICIdirect Account | Open Fyers Account |
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 | |
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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 |
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 | |
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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 |
Trading In SME Shares Allowed? | ||
Referral Program | ||
Other Features | Bullet Trading, Can trade in 32 exchanges through Saxo Trader | Brokerage free thematic investing is available |
Open ICICIdirect Account | Open Fyers Account |
ICICIdirect is rated 2.3 of 5 based on 479 customer reviews whereas Fyers is rated 2.9 of 5 based on 33 customer reviews.
ICICIdirect Enquire | Fyers Enquire | |
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Contact Broker | ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 5 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 | Fyers | |
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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 | Fyers | |
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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 | Fyers | |
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Daily Market Report | ||
Free Tips | ||
Quarterly Result Analysis | ||
News Alerts |
ICICIdirect | Fyers | |
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Casual Investor | ||
Active Investor | ||
Trader |
ICICIdirect | Fyers | |
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Pros |
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Cons |
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Reviews | ||
Promo / Offers | ICICIdirect Special OfferICICIdirect Neo Plan (Discount Brokerage)Open a 3-in-1 account with Neo Plan for:
Interested in opening a trading account? Open Instant Account Now |
Fyers Special OfferFree Equity Delivery Trading and Mutual Funds
This is a limited-time offer. Open FREE Fyers Account online and start trading today. |
Open ICICIdirect Account | Open Fyers Account |
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
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2. Frequent logout with "Invalid User: The Login ID entered is not valid" error. Imagine you entered a trade and you're logged out by the system in between your scalp trade..
3. Chart Template saving feature is temporary. If you close your browser or shutdown your PC/Laptop then, you need to sit and configure the chart templates again for Flash Trades, Watchlist Charts, wherever you open the charts, you need to setup and configure Templates again and again which is a real pain..
4. Algos doesn't run as they are designed for. It doesn't square off your trades at the time you have specified it to end the Algos. Just imagine that you think that the trade was squared off and later you get to know that the trade was still in open position and that too without a Stoploss??
5. Too many side effects in the platform, You can't chart in Flash Trade Window as it doesn't list them to select. Your potential trade will be on hold and you will miss out taking the trades.
6. Many of the times the chart doesn't update the price which ever timeframe you select. Most of the times, Stock Option Charts doesn't show charts and throws error "Study Error: Failed to fetch"
7. Adding any script to watchlist gives the error "LIBFML_CAT:13: Error: Invalid argument to function"
8. The POSITIONS tab (Located at the right side of the window at the bottom) under the Watchlist page doesn't populate the positions of my trades and its real time P&L values. No matter how many times you logoff and login
9. Freezing of Charts in both Flash Trade Window and Watchlist Chart Window is very very common.
10. ICICIDirect's mobile app again is a total Mess. The charts there doesn't work at all. You turn on app in your mobile @ 1pm and the charts of 1Min Time Frame will start loading from that very moment of the day adding from 9:15am candle till 1pm in a single candle. Because of this, the indicators plotted in the charts also show false results.
11. The concepts about which they talk is no doubt very good but, the execution and it's speed is horrible. You can't achieve what this platform was built for at any cost. Not sure about it in future if they work and fix on them.
12. They don't have "Dark Mode" in their ICICIDirect Web platform. In Mobile Platform they do have it and the interface in very promising but its just a piece of crap until it works as it was built for.
There are many more such small small issues that affects normal trading using this Platform. Sorry to say but, their Customer Care is not bothered to fix or work on these serious issues. I am following them with these complaint since September 2023 and till date none of the issues has been resolved from their end. I now accept my defeat and am moving on to some other broker now.
Link to view proof:
https://www.=j02ue98uwe11hxqql4oivf3wl&dl=0