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ICICIDirect Vs Fyers Share Broker Comparison

The side-by-side comparison of ICICI Securities Pvt Ltd. and Fyers Securities Ltd stock brokers in India. The comparison below highlights the similarities and differences between ICICIDirect and Fyers's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among ICICIDirect and Fyers.

  ICICI Securities Pvt Ltd. Fyers Securities Ltd
 
ICICI Securities Pvt Ltd. Logo Fyers Securities Ltd Logo
About the Broker ICICIdirect 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... Know more about ICICI Securities Pvt Ltd. 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", representi... Know more about Fyers Securities Ltd
Type of Broker What is this parameter? Full Service Broker Discount Broker
Supported Exchnage What is this parameter? BSE, NSE NSE, MCX
Account Type What is this parameter? 3-in-1 Account (I-Secure Plan) Flat Fee Brokerage Plan
Broker Enquiry Open an Online Trading Account with ICICIDirect. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Fyers. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  ICICI Securities Pvt Ltd. Fyers Securities Ltd
Trading Account Opening Fees What is this parameter? Rs 975 ₹0 (Free)
Trading Account AMC What is this parameter? NIL ₹0 (Free)
Demat Account Opening Fees What is this parameter? NIL ₹0 (Free)
Demat Account AMC What is this parameter? Rs 600 ₹400
Demat Account is Mandatory? What is this parameter? No No
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Trading Brokerage Charges

Brokerage Plan 1

  ICICI Securities Pvt Ltd. Fyers Securities Ltd
Account Type 3-in-1 Account (I-Secure Plan) Flat Fee Brokerage Plan
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.55% ₹0 (Free)
Equity Intraday Brokerage What is this parameter? 0.275% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage What is this parameter? 0.05% to 0.03% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage What is this parameter? Rs 95 to Rs 35 per lot ₹20 per executed order
Currency Futures Trading Brokerage What is this parameter? 0.050% to 0.030% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage What is this parameter? Rs 25 to Rs 10 per lot ₹20 per executed order
Commodity Futures Trading Brokerage What is this parameter? NA NA
Commodity Options Trading Brokerage What is this parameter?

Brokerage Plan 2

  ICICI Securities Pvt Ltd. Fyers Securities Ltd
Account Type I-Saver Plan Flat Fee Brokerage Plan
Fixed Charges What is this parameter? NA
Equity Delivery Brokerage What is this parameter? 0.75% to 0.25% ₹0 (Free)
Equity Intraday Brokerage What is this parameter? 0.75% to 0.25% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage What is this parameter? 0.05% to 0.03% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage What is this parameter? Rs 95 to Rs 65 per lot ₹20 per executed order
Currency Futures Trading Brokerage What is this parameter? 0.05% to 0.03% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage What is this parameter? Rs 95 to Rs 65 per lot ₹20 per executed order
Commodity Futures Trading Brokerage What is this parameter? NA NA
Commodity Options Trading Brokerage What is this parameter?

Other Charges

Minimum Brokerage Charges What is this parameter? Rs 35 per trade
Other Brokerage Charges What is this parameter? Square-off by Fyers - ₹20 per trade, NRI Brokerage: ₹100 per executed order (For all segments)
Call & Trade Charges What is this parameter? ₹20 per trade
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Taxes

  ICICI Securities Pvt Ltd. Fyers Securities Ltd
Securities Transaction Tax (STT) What is this parameter?
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges What is this parameter? Check table below Check table below
SEBI Charges What is this parameter? Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) What is this parameter? 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty What is this parameter? Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  ICICI Securities Pvt Ltd. Fyers Securities Ltd
Equity Delivery What is this parameter? NSE: 0.0031% | BSE: 0.0028% ₹325 per crore (0.00325%)
Equity Intraday What is this parameter? NSE: 0.0031% | BSE: 0.0028% ₹325 per crore (0.00325%)
Equity Futures What is this parameter? 0.0018% ₹240 per crore (0.0024%)
Equity Options What is this parameter? 0.05% on Premium ₹5900 per crore (on premium) (0.059%)
Currency Futures What is this parameter? 0.0012% ₹240 per crore (0.0024%)
Currency Options What is this parameter? 0.05% on Premium ₹5900 per crore (on premium) (0.059%)
Commodity What is this parameter? NA NA
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Exposure

  ICICI Securities Pvt Ltd. Fyers Securities Ltd
Equity Delivery What is this parameter? 1 times
Equity Intraday What is this parameter? Up to 16x (based on the stock)
Equity Futures What is this parameter? Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options What is this parameter? Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x
Currency Futures What is this parameter? Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options What is this parameter? Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling)
Commodity What is this parameter? NA
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Share Broker Features

  ICICI Securities Pvt Ltd. Fyers Securities Ltd
3 in 1 Account What is this parameter? Yes No
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? No No
SMS Alerts What is this parameter? No No
Online Demo What is this parameter? Yes No
Online Portfolio What is this parameter? Yes Yes
Margin Trading Funding Available What is this parameter? No No
Trading Platform What is this parameter? Trade Racer Fyers One (In-house build)
Intraday Square-off Time What is this parameter? 3:20 PM
Other Features What is this parameter? Brokerage free thematic investing is available
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Broker Ratings (Average User Rating)

  ICICI Securities Pvt Ltd. Fyers Securities Ltd
  389 Customer Reviews    Rate ICICIDirect 7 Customer Reviews    Rate Fyers
Fees Ratings 2.3 3.1
Trading Brokerage Rating 1.7 4.3
Trading Platform Usability 3.4 3.3
Customer Service Ratings 2.8 3.9
Overall Ratings Rated 2.5 stars Rated 3.9 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 389 customer reviews Fyers is Rated 3.9 / 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  ICICI Securities Pvt Ltd. Fyers Securities Ltd
Contact / Request Call Back
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Investment Options Available

  ICICI Securities Pvt Ltd. Fyers Securities Ltd
Stock / Equity What is this parameter? Yes Yes
Commodity What is this parameter? No Yes
Currency What is this parameter? Yes Yes
Initial Public Offers (IPO) What is this parameter? Yes No
Mutual Funds What is this parameter? Yes No
Bond / NCD What is this parameter? Yes No
Debt What is this parameter? Yes No
Other Investment Options What is this parameter?
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Customer Service Offered

  ICICI Securities Pvt Ltd. Fyers Securities Ltd
24/7 Customer Service What is this parameter? No No
Onine Live Chat What is this parameter? No No
Through Branches What is this parameter? Yes No
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Order Type

  ICICI Securities Pvt Ltd. Fyers Securities Ltd
Bracket Order What is this parameter?
Cover Order What is this parameter?
Buy Today Sell Tomorrow (BTST) What is this parameter?
Sell Today Buy Tomorrow (STBT) What is this parameter?
After Market Order(AMO) What is this parameter?
Good Till Cancelled (GTC) What is this parameter?
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Research / Tips / Reports Published

  ICICI Securities Pvt Ltd. Fyers Securities Ltd
Daily Market Report What is this parameter? Yes No
Free Tips What is this parameter? Yes No
Quarterly Result Analysis What is this parameter? Yes No
News Alerts What is this parameter? Yes No
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Suitable for Investor Category

  ICICI Securities Pvt Ltd. Fyers Securities Ltd
Casual Investor What is this parameter? Yes
Active Investor What is this parameter? Yes
Trader What is this parameter? Yes

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Pros, Cons and Other Review Comments

  ICICI Securities Pvt Ltd. Fyers Securities Ltd
Pros What is this parameter?
  • 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.

More Advantages...

  • Free equity delivery trades and thematic investments. No brokerage for this segment.
  • Very low brokerage charges of maximum ₹20 per trade.
  • 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!

More Advantages...

Cons What is this parameter?
  • 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.

More Disadvantages...

  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.

More Disadvantages...

Reviews What is this parameter?
Promo / Offers What is this parameter?

Fyers offer FREE Trading Account (₹0 account opening fee). Equity delivery trades are FREE (no brokerage), for other segments you pay ₹20 per trade flat broekrage fee.

This is a limited time offer. Simply leave your contact information with us and Fyers representatives will contact you.

Enquire about ICICIDirect Enquire about Fyers
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