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
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
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ICICI Direct Vs IIFL Securities Charges & AMC

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

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

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		NA
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	Rs 95 to Rs 35 per lot	Rs 25 per lot
Currency Futures Trading Brokerage	0.050% to 0.030%	0.025% or Rs 20 per lot
Currency Options Trading Brokerage	Rs 25 to Rs 10 per lot	Rs 8 per lot
Commodity Futures Trading Brokerage	NA	0.025%
Commodity Options Trading Brokerage	NA	Gold Rs 125 | Silver Rs 80 | Crude Oil Rs 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 Rs 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	Rs 95 to Rs 65 per lot	Rs 50 per lot
Currency Futures Trading Brokerage	0.05% to 0.03%	0.05% or Rs 20 per lot
Currency Options Trading Brokerage	0.25 to Rs 65 per lot	Rs 10 per lot
Commodity Futures Trading Brokerage	NA	0.05%
Commodity Options Trading Brokerage	NA	Gold Rs 150 | Silver Rs 100 | Crude Oil Rs 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	Rs 900	Rs 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	Rs 35	flat Rs 10 per lot
Currency Futures Trading Brokerage	Rs 0	0.015% or Rs 15 per lot
Currency Options Trading Brokerage	Rs 0	flat Rs 5 per lot
Commodity Futures Trading Brokerage	NA	0.015%
Commodity Options Trading Brokerage	NA	Gold Rs 80 | Silver Rs 50 | Crude Oil Rs 50
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ICICI Direct Charges Vs IIFL Securities

Minimum Brokerage Charges	Rs 35 per trade	Rs 0.05 per share (Rs 25 Min)
Other Brokerage Charges		Advisory SMS - Rs 50 per month
Call & Trade Charges	Rs 25 per call after first 20 free calls per month	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	NA	Group A - Rs 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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
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
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ICICI Direct Vs IIFL Securities Review

ICICI Direct is rated 2.4 of 5 based on 437 customer reviews whereas IIFL Securities is rated 2.7 of 5 based on 112 customer reviews.

	ICICI Direct	IIFL Securities
	437 Customer Reviews	112 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICI Direct is rated 2.4 of 5 based on 437 customer reviews	IIFL Securities is rated 2.7 of 5 based on 112 customer reviews

ICICI Direct Vs IIFL Securities Investment Options

	ICICI Direct	IIFL Securities
Stock / Equity
Commodity
Currency
Initial Public Offers (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)
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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.	4000+ branches in 900+ cities make them your neighborhood broker. Being a full service broker, they offer wide range of financial products and services. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund. 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 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. Commodity trading is not available for retail investors. Call & trade cost extra Rs 25 per call after first 20 free calls in a month.	SMS alerts at additional Rs 249 per month Demat debit charges is 0.05% (Minimum Rs 15 - Maximum Rs 100) per debit transaction. Demat credit charges is NIL. 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 Rs 1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer
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