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ICICIdirect Vs IIFL Securities (Compare ICICIdirect and IIFL Securities)

ICICI Securities Pvt Ltd. Logo

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... Know more about ICICI Securities Pvt Ltd.

IIFL Securities Ltd Logo

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... Know more about IIFL Securities Ltd

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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 AccountOpen IIFL Securities Account

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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)

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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 AccountOpen 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

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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 AccountOpen IIFL Securities Account

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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 AccountOpen IIFL Securities Account

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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 Yes No
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding 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
Trading In SME Shares Allowed?
Referral Program
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Open ICICIdirect AccountOpen IIFL Securities Account

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ICICIdirect Vs IIFL Securities Review

ICICIdirect is rated 2.4 of 5 based on 462 customer reviews whereas IIFL Securities is rated 2.7 of 5 based on 123 customer reviews.

  ICICIdirect IIFL Securities
  462 Customer Reviews    Rate ICICIdirect 123 Customer Reviews    Rate IIFL Securities
Fees 2.2 2.8
Brokerage 1.7 2.6
Trading Platform 3.3 3.3
Customer Service 2.7 2.7
Research Capabilities 2.8 3.3
Overall Ratings Rated 2.4 stars Rated 2.7 stars
Broker Rating ICICIdirect is rated 2.4 of 5 based on 462 customer reviews IIFL Securities is rated 2.7 of 5 based on 123 customer reviews

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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.

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ICICIdirect Vs IIFL Securities Investment Options

  ICICIdirect IIFL Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
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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ICICIdirect Vs IIFL Securities Order Type Offered

  ICICIdirect 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
Open ICICIdirect AccountOpen IIFL Securities Account

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ICICIdirect Vs IIFL Securities Research Report

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

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ICICIdirect Vs IIFL Securities Suitable For Investor Type

  ICICIdirect IIFL Securities
Casual Investor Yes
Active Investor Yes
Trader Yes

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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.
  1. Full-service broker offering quality research and recommendations.
  2. Flat Rs 20 per trade brokerage for Intraday & F&O.
  3. IIFL offers Equity SIP and Mutual Fund SIP.
  4. Margin funding is available.
  5. 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.
  1. Margin funding is given to the customers without notice. This cases major confusion and customer paying hefty interest charges.
  2. Equity delivery brokerage is charged at flat Rs 20 per trade.
  3. It doesn't offer Direct Mutual Funds.
  4. 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 AccountOpen IIFL Securities Account

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