ICICI Direct Vs IIFL Securities (Compare ICICI Direct and IIFL Securities)

ICICI Direct Vs IIFL Securities

Incorporated in 2000, ICICI Direct 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.

	ICICI Direct	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 ICICI Direct Account	Open IIFL Securities Account

ICICI Direct Vs IIFL Securities Charges & AMC

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

	ICICI Direct	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)

ICICI Direct Vs IIFL Securities Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas IIFL Securities brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per order.

	ICICI Direct	IIFL Securities
Account Type	ICICI Neo Plan	iServe
Fixed Charges	NA	NA
Equity Delivery	0.55%	Rs 0 (Free)
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 30 minutes from sell orders + Free trading tips. Open Instant Account Now	Special Offer: Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

ICICI Direct Vs IIFL Securities Brokerage Plan 2

	ICICI Direct	IIFL Securities
Account Type	I-Secure Plan	iServe
Fixed Charges	NA	NA
Equity Delivery	0.55%	Rs 0 (Free)
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 ICICI Direct Account	Open IIFL Securities Account

ICICI Direct 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

ICICI Direct Vs IIFL Securities Transaction Charges

ICICI Direct 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).

	ICICI Direct	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 ICICI Direct Account	Open IIFL Securities Account

ICICI Direct Vs IIFL Securities 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 IIFL Securities 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	IIFL Securities
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)
	Open ICICI Direct Account	Open IIFL Securities Account

Compare ICICI Direct and IIFL Securities Features

The trading platforms offered ICICI Direct 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.

	ICICI Direct	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
Other Features	Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Referral Program
	Open ICICI Direct Account	Open IIFL Securities Account

ICICI Direct Vs IIFL Securities Review

ICICI Direct is rated 2.4 of 5 based on 449 customer reviews whereas IIFL Securities is rated 2.7 of 5 based on 118 customer reviews.

	ICICI Direct	IIFL Securities
	449 Customer Reviews	118 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICI Direct is rated 2.4 of 5 based on 449 customer reviews	IIFL Securities is rated 2.7 of 5 based on 118 customer reviews

ICICI Direct Vs IIFL Securities Investment Options

	ICICI Direct	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

ICICI Direct Vs IIFL Securities Order Type Offered

	ICICI Direct	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 ICICI Direct Account	Open IIFL Securities Account

ICICI Direct Vs IIFL Securities Research Report

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

ICICI Direct Vs IIFL Securities Suitable For Investor Type

	ICICI Direct	IIFL Securities
Casual Investor
Active Investor
Trader

ICICI Direct Vs IIFL Securities - Pros and Cons

	ICICI Direct	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. Brokerage-free equity delivery trading. No brokerage when you buy/sell shares for the long term (take delivery in demat). 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.
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 Interested in opening a trading account? Open Instant Account Now	Free Equity Delivery Trading + Free Account Opening Brokerage-free Equity Delivery and flat Rs 20 per trade for 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 ICICI Direct Account	Open IIFL Securities Account