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ICICIDirect Vs Geojit Share Broker Comparison

The side-by-side comparison of ICICI Securities Pvt Ltd. and Geojit BNP Paribas stock brokers in India. The comparison below highlights the similarities and differences between ICICIDirect and Geojit'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 Geojit.

  ICICI Securities Pvt Ltd. Geojit BNP Paribas
 
ICICI Securities Pvt Ltd. Logo Geojit BNP Paribas 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 1987, Geojit BNP Paribas (Geojit) is one of the major stock brokers based in India. Geojit is based in Kochi, Kerala and has the strong presence in Gulf. Geojit BNP Paribas is cash equity and derivatives broker with extensive experie... Know more about Geojit BNP Paribas
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE BSE, NSE, MCX-SX
Account Type 3-in-1 Account (I-Secure Plan) Online Trading
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 Geojit. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  ICICI Securities Pvt Ltd. Geojit BNP Paribas
Trading Account Opening Fees ₹975 Rs 425
Trading Account AMC ₹0 NIL
Demat Account Opening Fees ₹0 NIL
Demat Account AMC ₹450 Rs 0
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  ICICI Securities Pvt Ltd. Geojit BNP Paribas
Account Type 3-in-1 Account (I-Secure Plan) Online Trading
Fixed Charges
Equity Delivery Brokerage 0.55% 0.30%
Equity Intraday Brokerage 0.275% 0.03%
Equity Futures Brokerage 0.05% to 0.03% 0.03%
Equity Options Brokerage ₹95 to ₹35 per lot Rs 125 per contract
Currency Futures Trading Brokerage 0.050% to 0.030% 0.03%
Currency Options Trading Brokerage ₹25 to ₹10 per lot Rs 125 per contract
Commodity Futures Trading Brokerage NA NA
Commodity Options Trading Brokerage NA NA

Brokerage Plan 2

  ICICI Securities Pvt Ltd. Geojit BNP Paribas
Account Type I-Saver Plan Online Trading
Fixed Charges
Equity Delivery Brokerage 0.75% to 0.25% 0.30%
Equity Intraday Brokerage 0.75% to 0.25% 0.03%
Equity Futures Brokerage 0.05% to 0.03% 0.03%
Equity Options Brokerage ₹95 to ₹65 per lot Rs 125 per contract
Currency Futures Trading Brokerage 0.05% to 0.03% 0.03%
Currency Options Trading Brokerage ₹95 to ₹65 per lot Rs 125 per contract
Commodity Futures Trading Brokerage NA NA
Commodity Options Trading Brokerage NA

Other Charges

Minimum Brokerage Charges ₹35 per trade 1p per share or Rs 20/contract whichever is higher
Other Brokerage Charges
Call & Trade Charges ₹25 per call after first 20 free calls per month
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Taxes

  ICICI Securities Pvt Ltd. Geojit BNP Paribas
Securities Transaction Tax (STT)
  • 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 Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 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. Geojit BNP Paribas
Equity Delivery NSE: 0.0031% | BSE: 0.0028% 0.00325%
Equity Intraday NSE: 0.0031% | BSE: 0.0028% 0.00325%
Equity Futures 0.0018% 0.0021%
Equity Options 0.05% on Premium 0.055% on premium
Currency Futures 0.0012% 0.00145%
Currency Options 0.05% on Premium 0.0473% on premium
Commodity NA NA
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Exposure

  ICICI Securities Pvt Ltd. Geojit BNP Paribas
Equity Delivery 5x with Interest Upto 7x with 22% interest per year
Equity Intraday Upto 25x Upto 10x
Equity Futures 4x No additional leverage
Equity Options 2x for shorting No additional leverage
Currency Futures NA No additional leverage
Currency Options NA No additional leverage
Commodity NA NA
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Share Broker Features

  ICICI Securities Pvt Ltd. Geojit BNP Paribas
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App Selfie Platinum, Selfie Gold, Mobile App
Intraday Square-off Time 3:30 PM
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader
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Broker Ratings (Average User Rating)

  ICICI Securities Pvt Ltd. Geojit BNP Paribas
  400 Customer Reviews    Rate ICICIDirect 93 Customer Reviews    Rate Geojit
Fees Ratings 2.3 3.7
Trading Brokerage Rating 1.7 3.3
Trading Platform Usability 3.4 4.1
Customer Service Ratings 2.8 3.8
Overall Ratings Rated 2.4 stars Rated 3.8 stars
Broker Rating ICICIDirect is Rated 2.4 / 5 based on 400 customer reviews Geojit is Rated 3.8 / 5 based on 93 customer reviews
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Contact Broker / Request A Call Back

  ICICI Securities Pvt Ltd. Geojit BNP Paribas
Contact / Request Call Back
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Investment Options Available

  ICICI Securities Pvt Ltd. Geojit BNP Paribas
Stock / Equity Yes Yes
Commodity No No
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS Insurance
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Customer Service Offered

  ICICI Securities Pvt Ltd. Geojit BNP Paribas
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes Yes
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Order Type

  ICICI Securities Pvt Ltd. Geojit BNP Paribas
Bracket Order No No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes Yes
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Research / Tips / Reports Published

  ICICI Securities Pvt Ltd. Geojit BNP Paribas
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Suitable for Investor Category

  ICICI Securities Pvt Ltd. Geojit BNP Paribas
Casual Investor Yes
Active Investor Yes
Trader

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Pros, Cons and Other Review Comments

  ICICI Securities Pvt Ltd. Geojit BNP Paribas
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.

More Advantages...

More Advantages...

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.

More Disadvantages...

1. Very high Options trading brokerage charges. Geojit charges Rs 125 per contract for Intraday Options and Rs 150 per contract for Options carry forward positions. 2. Geojit charges minimum brokerage of Rs 20 per Contract or 1 paisa per share whichever is higher. 3. Paper contract note by post cost additional Rs 20 per Contract or 5 paisa per share whichever is higher.

More Disadvantages...

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.

Enquire about ICICIDirect Enquire about Geojit
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