ICICI Direct Vs IDBI Capital (Compare ICICI Direct and IDBI Capital)


ICICI Direct
ICICI Direct 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. ICICI Direct's most popular service is its 3-in-1 account, which includes ICICI Bank Account, ICICI ... Know more about ICICI Securities Pvt Ltd.


IDBI Capital
Incorporated in December 1993, IDBI Capital Markets and Securities Ltd. (IDBI Capital), is a wholly owned subsidiary of IDBI Bank Ltd. IDBI Capital offers online trading in Equities, F&O, Mutual Funds, and IPOs etc. It also distributes Third Party Products, like Fixed Income Products, Mutual Funds etc., The company is amongst the top 10 MF distributors in India. IDBI Capital offers its online trading services through www.idbidirect.in (previously called IDBI paisa builder). IDBI Capital of... Know more about IDBI Capital Markets and Securities Ltd

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ICICI Direct Vs IDBI Capital

Incorporated in 2000, ICICI Direct is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 1993, IDBI Capital is a Full Service Broker. It offers trading at BSE, NSE, NSDL. It has 14 branches across India.

  ICICI Direct IDBI Capital
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE BSE, NSE, NSDL
Year of Incorporation 2000 1993
Number of Branches 154 14
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ICICI Direct Vs IDBI Capital Charges & AMC

ICICI Direct trading account opening charges is Rs 0 (Free) while IDBI Capital account opening changes is Rs 500. ICICI Direct Demat Account AMC Charges is Rs 300 (from 2nd year) and IDBI Capital Demat Account AMC Charges is Rs 450.

  ICICI Direct IDBI Capital
Trading Account Opening Charges Rs 0 (Free) Rs 500
Trading Account AMC Charges Rs 0 (Free) NIL
Demat Account Opening Charges Rs 0 (Free) NIL
Demat Account AMC Charges Rs 300 (from 2nd year) Rs 450
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ICICI Direct Vs IDBI Capital Brokerage Charges & Plans

ICICI Direct Vs IDBI Capital Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas IDBI Capital brokerage charges for equity is 0.50% and intraday is 0.05%.

  ICICI Direct IDBI Capital
Account Type ICICI Neo Plan Standard Plan
Fixed Charges NA
Equity Delivery 0.55% 0.50%
Equity Intraday Rs 20 per order 0.05%
Equity Futures Rs 0 (Free) 0.05%
Equity Options Rs 20 per order Rs 100 per lot
Currency Futures Rs 20 per order NA
Currency Options Rs 20 per order NA
Commodity Futures Rs 20 per order NA
Commodity Options Rs 20 per order NA
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

ICICI Direct Vs IDBI Capital Brokerage Plan 2

  ICICI Direct IDBI Capital
Account Type I-Secure Plan Ace Trader Plan
Fixed Charges NA
Equity Delivery 0.55% 0.10% to 0.50%
Equity Intraday 0.275% 0.020% to 0.050%
Equity Futures 0.05% 0.020% to 0.048%
Equity Options Rs 95 per lot Rs 100 per lot
Currency Futures Rs 20 per order
Currency Options Rs 20 per order
Commodity Futures Rs 20 per order
Commodity Options Rs 20 per order
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ICICI Direct Charges Vs IDBI Capital

Minimum Brokerage Rs 35 per trade (I-Secure Plan) Rs 25 per trade or 2.5% of the trade value whichever is lower.
Other Charges Margin Trading Interest: 0.025% Per day
Call & Trade Charges Rs 50 per trade Nil
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ICICI Direct Vs IDBI Capital Transaction Charges

ICICI Direct transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while IDBI Capital exchange transaction charges for options is 0.051% on premium.

  ICICI Direct IDBI Capital
Equity Delivery NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) 0.00325%
Equity Intraday NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) 0.00325%
Equity Futures Rs 180 per Cr (0.0018%) 0.0019%
Equity Options Rs 5000 per Cr (0.05%) (on premium) 0.051% on premium
Currency Futures Rs 120 per Cr (0.0012%) NA
Currency Options Rs 5000 per Cr (0.05%) (on premium) NA
Commodity Group A - Rs 260 per Cr (0.0026%) NA
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ICICI Direct Vs IDBI Capital Leverage (Margin)

ICICI Direct margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the IDBI Capital margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  ICICI Direct IDBI Capital
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare ICICI Direct and IDBI Capital Features

The trading platforms offered ICICI Direct include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. IDBI Capital offers Power Pro, Power Streaming, IDBI Direct trading software.

  ICICI Direct IDBI Capital
3 in 1 Account Yes Yes
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App Power Pro, Power Streaming, IDBI Direct
Intraday Square-off Time 3:30 PM 3:00 PM
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader Morning Report, Equity SIP, Investment Guide
Referral Program
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ICICI Direct Vs IDBI Capital Review

ICICI Direct is rated 2.4 of 5 based on 449 customer reviews whereas IDBI Capital is rated 2.7 of 5 based on 40 customer reviews.

  ICICI Direct IDBI Capital
  449 Customer Reviews    Rate ICICI Direct 40 Customer Reviews    Rate IDBI Capital
Fees 2.2 3.2
Brokerage 1.7 2.6
Trading Platform 3.3 2.6
Customer Service 2.7 2.8
Research Capabilities 2.9 2.7
Overall Ratings Rated 2.4 stars Rated 2.7 stars
Broker Rating ICICI Direct is rated 2.4 of 5 based on 449 customer reviews IDBI Capital is rated 2.7 of 5 based on 40 customer reviews
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Contact Broker / Request A Call Back

  ICICI Direct Enquire IDBI Capital 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 Leave your contact information and we will get in touch with you....
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ICICI Direct Vs IDBI Capital Investment Options

  ICICI Direct IDBI Capital
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
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
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ICICI Direct Vs IDBI Capital Order Type Offered

  ICICI Direct IDBI Capital
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 No
Good Till Cancelled (GTC) Yes Yes
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ICICI Direct Vs IDBI Capital Research Report

  ICICI Direct IDBI Capital
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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ICICI Direct Vs IDBI Capital Suitable For Investor Type

  ICICI Direct IDBI Capital
Casual Investor Yes Yes
Active Investor
Trader
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ICICI Direct Vs IDBI Capital - Pros and Cons

  ICICI Direct IDBI Capital
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.
- Prepaid plans are available for volume traders.
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.
- Additional charge of Rs 2000 per year for installable trading platform.
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 (Intraday and F&O) in BSE, NSE and MCX
  • Free trading tips
  • Get funds in your bank account in just 30 minutes of selling stocks

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