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

The side-by-side comparison of ICICI Direct and IIFL Securities. Compare ICICI Direct Vs IIFL Securities brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best ICICI Direct vs IIFL Securities?


ICICI Direct
ICICI Direct 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, India's top financial service provider offering banking and other financial services. ICICI Securities offers 'online trading and investment' services to over 20 lakhs customers through ICICI Direct (ICICIDirect.com). ICICIDirect.com is the flags... Know more about ICICI Securities Pvt Ltd.


IIFL Securities
Incorporated in 1995, IIFL Securities, part of IIFL Group, is one of the largest independent full service stock brokering house serving retail and institutional clients. IIFL Group is a leading financial service provider in India 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 pr... Know more about IIFL Securities Ltd

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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
Supported Exchnages BSE, NSE NSE, BSE, MCX
Account Type 3-in-1 Account (I-Secure Plan) Investor Plan (Online Plus)
Year of Incorporation 2000 1996
Number of Branches 154 900
Broker Enquiry Open an Online Trading Account with ICICI Direct. Leave your contact info and we will get in touch with you. Open an Online Trading Account with IIFL Securities. Leave your contact info and we will get in touch with you.
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ICICI Direct Vs IIFL Securities Charges & AMC

ICICI Direct trading account opening charges is ₹0 while IIFL Securities account opening changes is ₹250 (Currently waived off). ICICI Direct Demat Account AMC Charges is ₹700 (from 2nd year) and IIFL Securities Demat Account AMC Charges is ₹250 (Free for first year).

  ICICI Direct IIFL Securities
Trading Account Opening Charges ₹0 ₹250 (Currently waived off)
Trading Account AMC Charges ₹0 ₹0
Demat Account Opening Charges ₹0 ₹0
Demat Account AMC Charges ₹700 (from 2nd year) ₹250 (Free for first year)
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ICICI Direct Vs IIFL Securities Brokerage Charges & Plans

ICICI Direct Vs IIFL Securities Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is 0.275% whereas IIFL Securities brokerage charges for equity is 0.25% and intraday is 0.025%.

  ICICI Direct IIFL Securities
Account Type 3-in-1 Account (I-Secure Plan) Investor Plan (Online Plus)
Fixed Charges
Equity Delivery Brokerage 0.55% 0.25%
Equity Intraday Brokerage 0.275% 0.025%
Equity Futures Brokerage 0.05% to 0.03% 0.025%
Equity Options Brokerage ₹95 to ₹35 per lot ₹25 per lot
Currency Futures Trading Brokerage 0.050% to 0.030% 0.025% or ₹20 per lot
Currency Options Trading Brokerage ₹25 to ₹10 per lot ₹8 per lot
Commodity Futures Trading Brokerage NA 0.025%
Commodity Options Trading Brokerage NA Gold ₹125 | Silver ₹80 | Crude Oil ₹80
Special Offer
Special Offer: Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.
Special Offer: Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer

ICICI Direct Vs IIFL Securities Brokerage Plan 2

  ICICI Direct IIFL Securities
Account Type I-Saver Plan Premium Plan (Dedicated RM)
Fixed Charges NA
Equity Delivery Brokerage 0.75% to 0.25% 0.50%
Equity Intraday Brokerage 0.75% to 0.25% 0.05%
Equity Futures Brokerage 0.05% to 0.03% 0.05%
Equity Options Brokerage ₹95 to ₹65 per lot ₹50 per lot
Currency Futures Trading Brokerage 0.05% to 0.03% 0.05% or ₹20 per lot
Currency Options Trading Brokerage 0.25 to ₹65 per lot ₹10 per lot
Commodity Futures Trading Brokerage NA 0.05%
Commodity Options Trading Brokerage NA Gold ₹150 | Silver ₹100 | Crude Oil ₹100
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ICICI Direct Vs IIFL Securities Brokerage Plan 3

  ICICI Direct IIFL Securities
Account Type ICICIdirect Prime Plan Super Trader Plan (Pro Traders)
Fixed Charges ₹900 ₹999
Equity Delivery Brokerage 0.25% 0.10%
Equity Intraday Brokerage 0.25% 0.01%
Equity Futures Brokerage 0.025% 0.01%
Equity Options Brokerage ₹35 flat ₹10 per lot
Currency Futures Trading Brokerage ₹0 0.015% or ₹15 per lot
Currency Options Trading Brokerage ₹0 flat ₹5 per lot
Commodity Futures Trading Brokerage NA 0.015%
Commodity Options Trading Brokerage NA Gold ₹80 | Silver ₹50 | Crude Oil ₹50
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ICICI Direct Charges Vs IIFL Securities

Minimum Brokerage Charges ₹35 per trade ₹0.05 per share (₹25 Min)
Other Brokerage Charges Advisory SMS - ₹50 per month
Call & Trade Charges ₹25 per call after first 20 free calls per month ₹50 per call
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ICICI Direct Vs IIFL Securities Transaction Charges

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

  ICICI Direct IIFL Securities
Equity Delivery NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) ₹325 per Cr (0.00325%)
Equity Intraday NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) ₹325 per Cr (0.00325%)
Equity Futures ₹180 per Cr (0.0018%) ₹210 per Cr (0.0021%)
Equity Options ₹5000 per Cr (0.05%) (on premium) ₹5100 per Cr (0.051%) (on premium)
Currency Futures ₹120 per Cr (0.0012%) ₹210 per Cr (0.0021%)
Currency Options ₹5000 per Cr (0.05%) (on premium) ₹5100 per Cr (0.051%) (on premium)
Commodity NA Group A - ₹280 per Cr (0.0028%)
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ICICI Direct Vs IIFL Securities Leverage (Margin)

ICICI Direct provides the margin of Upto 25x for intraday trades whereas the IIFL Securities margin for intraday cash is Upto 20x.

  ICICI Direct IIFL Securities
Equity Delivery 5x with Interest Upto 3x (18% Annual Interest)
Equity Intraday Upto 25x Upto 20x
Equity Futures 4x Upto 3x
Equity Options 2x for shorting 3x for shorting
Currency Futures NA Upto 2x
Currency Options NA 2x for shorting
Commodity Futures NA Upto 3x
Commodity Options Upto 3x
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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 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 Yes
Margin Against Shares (Equity F&O) Yes No
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
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ICICI Direct Vs IIFL Securities Review

ICICI Direct is rated 2.4 of 5 based on 430 customer reviews whereas IIFL Securities is rated 2.7 of 5 based on 112 customer reviews.

  ICICI Direct IIFL Securities
  430 Customer Reviews    Rate ICICI Direct 112 Customer Reviews    Rate IIFL Securities
Fees 2.3 2.9
Trading Brokerage 1.7 2.6
Trading Platform Usability 3.4 3.3
Customer Service 2.7 2.8
Research Capabilities 3.1 3.6
Overall Ratings Rated 2.4 stars Rated 2.7 stars
Broker Rating ICICI Direct is rated 2.4 of 5 based on 430 customer reviews IIFL Securities is rated 2.7 of 5 based on 112 customer reviews
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Contact Broker / Request A Call Back

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Contact Broker

Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.

Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer

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ICICI Direct Vs IIFL Securities Investment Options

  ICICI Direct IIFL Securities
Stock / Equity Yes Yes
Commodity No Yes
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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ICICI Direct Vs IIFL Securities Order Type Offered

  ICICI Direct IIFL Securities
Bracket Order No Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes Yes
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ICICI Direct Vs IIFL Securities Research Report

  ICICI Direct IIFL Securities
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 IIFL Securities Suitable For Investor Type

  ICICI Direct IIFL Securities
Casual Investor Yes
Active Investor
Trader Yes
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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.
  1. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. India Infoline Ltd is a publicly traded company listed at BSE and NSE.
Cons
  • ICICI Security charges highest brokerage in comparison to most of the retail broke₹in India.
  • Very high 'minimum brokerage' of ₹35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hou₹of trading.
  • Trading Terminal (Trade Racer) cost ₹75 per month if brokerage paid in a month is less then ₹750.
  • Demat Account is mandatory.
  • Commodity trading is not available for retail investors.
  • Call & trade cost extra ₹25 per call after first 20 free calls in a month.
  1. SMS alerts at additional ₹249 per month
  2. Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
  3. India Infoline doesn't provide 3-in-1 account.
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.

Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer
Enquire ICICI DirectEnquire IIFL Securities

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