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ICICIdirect Vs IIFL Securities (Compare ICICIdirect and IIFL Securities)

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 Tr...

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About IIFL Securities
Incorporated in 1995, IIFL Securities is one of the largest full-service stockbrokers in India. IIFL Securities is part of IIFL Group, a leading financial service provider offering a wide range of services. IIFL is a well-recognized brand for the quality of its advice, personalized service, and the use of cutting-edge technology. IIFL Securities offers online trading and research-based advisory services for an entire range of financial products as Stocks, Derivatives, Commodities, Insurance, FD...

IIFL Securities Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs

ICICIdirect Vs IIFL Securities

Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 1996, IIFL Securities is a Full Service Broker. It offers trading at NSE, BSE, MCX. It has 900 branches across India.

	ICICIdirect	IIFL Securities
Type of Broker	Full Service Broker	Full Service Broker
Exchnage Membership	BSE, NSE	NSE, BSE, MCX
Year of Incorporation	2000	1996
Number of Branches	154	900
	Open ICICIdirect Account	Open IIFL Securities Account

ICICIdirect Vs IIFL Securities Charges & AMC

ICICIdirect trading account opening charges is Rs 0 (Free) while IIFL Securities account opening changes is Rs 0 (Free). ICICIdirect Demat Account AMC Charges is Rs 300 (from 2nd year) and IIFL Securities Demat Account AMC Charges is Rs 250 (Free for 1st year).

	ICICIdirect	IIFL Securities
Trading Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Trading Account AMC Charges	Rs 0 (Free)	Rs 0
Demat Account Opening Charges	Rs 0 (Free)	Rs 0
Demat Account AMC Charges	Rs 300 (from 2nd year)	Rs 250 (Free for 1st year)

ICICIdirect Vs IIFL Securities Brokerage

ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas IIFL Securities brokerage charges for equity is Rs 20 per order and intraday is Rs 20 per order.

Account Type	ICICIdirect ICICI Neo Plan	IIFL Securities iServe
Fixed Charges	NA	NA
Equity Delivery	0.55%	Rs 20 per order
Equity Intraday	Rs 20 per order	Rs 20 per order
Equity Futures	Rs 0 (Free)	Rs 20 per order
Equity Options	Rs 20 per order	Rs 20 per order
Currency Futures	Rs 20 per order	Rs 20 per order
Currency Options	Rs 20 per order	Rs 20 per order
Commodity Futures	Rs 20 per order	Rs 20 per order
Commodity Options	Rs 20 per order	Rs 20 per 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	Special Offer: Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

ICICIdirect Vs IIFL Securities Brokerage Plan 2

	ICICIdirect	IIFL Securities
Account Type	I-Secure Plan	iServe
Fixed Charges	NA	NA
Equity Delivery	0.55%	Rs 20 per order
Equity Intraday	0.275%	Rs 20 per order
Equity Futures	0.05%	Rs 20 per order
Equity Options	Rs 95 per lot	Rs 20 per order
Currency Futures	Rs 20 per order	Rs 20 per order
Currency Options	Rs 20 per order	Rs 20 per order
Commodity Futures	Rs 20 per order	Rs 20 per order
Commodity Options	Rs 20 per order	Rs 20 per order
	Open ICICIdirect Account	Open IIFL Securities Account

ICICIdirect Charges Vs IIFL Securities

Minimum Brokerage	Rs 35 per trade (I-Secure Plan)
Other Charges	Margin Trading Interest: 0.025% Per day	Advisory SMS - Rs 50 per month
Call & Trade Charges	Rs 50 per trade	Rs 50 per call

ICICIdirect Vs IIFL Securities Transaction Charges

ICICIdirect transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while IIFL Securities exchange transaction charges for options is Rs 5100 per Cr (0.051%) (on premium).

	ICICIdirect	IIFL Securities
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 210 per Cr (0.0021%)
Equity Options	Rs 5000 per Cr (0.05%) (on premium)	Rs 5100 per Cr (0.051%) (on premium)
Currency Futures	Rs 120 per Cr (0.0012%)	Rs 210 per Cr (0.0021%)
Currency Options	Rs 5000 per Cr (0.05%) (on premium)	Rs 5100 per Cr (0.051%) (on premium)
Commodity	Group A - Rs 260 per Cr (0.0026%)	Group A - Rs 280 per Cr (0.0028%)
	Open ICICIdirect Account	Open IIFL Securities Account

ICICIdirect Vs IIFL Securities Leverage (Margin)

ICICIdirect margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the IIFL Securities margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

	ICICIdirect	IIFL Securities
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 IIFL Securities Account

Compare ICICIdirect and IIFL Securities Features

The trading platforms offered ICICIdirect include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. IIFL Securities offers IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App trading software.

	ICICIdirect	IIFL Securities
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	IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App
Intraday Square-off Time	3:30 PM
Trading In SME Shares Allowed?
Referral Program
Other Features	Bullet Trading, Can trade in 32 exchanges through Saxo Trader
	Open ICICIdirect Account	Open IIFL Securities Account

ICICIdirect Vs IIFL Securities Review

ICICIdirect is rated 2.4 of 5 based on 465 customer reviews whereas IIFL Securities is rated 2.6 of 5 based on 128 customer reviews.

	ICICIdirect	IIFL Securities
	465 Customer Reviews	128 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICIdirect is rated 2.4 of 5 based on 465 customer reviews	IIFL Securities is rated 2.6 of 5 based on 128 customer reviews

Contact Broker / Request A Call Back

	ICICIdirect Enquire	IIFL Securities Enquire
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	Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

ICICIdirect Vs IIFL Securities Investment Options

	ICICIdirect	IIFL Securities
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	Insurance

ICICIdirect Vs IIFL Securities Order Type Offered

	ICICIdirect	IIFL Securities
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 IIFL Securities Account

ICICIdirect Vs IIFL Securities Research Report

	ICICIdirect	IIFL Securities
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

ICICIdirect Vs IIFL Securities Suitable For Investor Type

	ICICIdirect	IIFL Securities
Casual Investor
Active Investor
Trader

ICICIdirect Vs IIFL Securities - Pros and Cons

	ICICIdirect	IIFL Securities
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.	Full-service broker offering quality research and recommendations. Flat Rs 20 per trade brokerage for Intraday & F&O. IIFL offers Equity SIP and Mutual Fund SIP. Margin funding is available. IIFL Securities is a publicly-traded company listed at BSE and NSE.
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.	Margin funding is given to the customers without notice. This cases major confusion and customer paying hefty interest charges. Equity delivery brokerage is charged at flat Rs 20 per trade. It doesn't offer Direct Mutual Funds. Call & trade changes are Rs 50 per call.
Reviews
Promo / Offers	ICICIdirect Special Offer 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 in Options, Currency F&O and Commodity futures in BSE, NSE and MCX Free trading tips Get funds in your bank account in just 5 minutes of selling stocks Interested in opening a trading account? Open Instant Account Now	IIFL Securities Special Offer Flat Rs 20 Per Trade Brokerage + Free Account Opening Flat Rs 20 per trade brokerage for delivery, intraday and F&O + Trade with the best rated mobile trading app. This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.
	Open ICICIdirect Account	Open IIFL Securities Account

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