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ICICIDirect Vs Indiabulls Share Broker Comparison

The side-by-side comparison of ICICI Securities Pvt Ltd. and Indiabulls Ventures Limited stock brokers in India. The comparison below highlights the similarities and differences between ICICIDirect and Indiabulls's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among ICICIDirect and Indiabulls.

  ICICI Securities Pvt Ltd. Indiabulls Ventures Limited
 
ICICI Securities Pvt Ltd. Logo Indiabulls Ventures Limited Logo
About the Broker ICICIdirect 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... Know more about ICICI Securities Pvt Ltd. Indiabulls Ventures Ltd (Formerly Indiabulls Securities) is the India-based Stock Broker. ISL is part of Indiabulls Group, a leading business house in India with businesses spread across many sectors including Infrastructure, Power, Real Estate and F... Know more about Indiabulls Ventures Limited
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE BSE, NSE, MCX, NCDEX
Account Type 3-in-1 Account (I-Secure Plan) Power Indiabulls
Broker Enquiry Open an Online Trading Account with ICICIDirect. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Indiabulls. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  ICICI Securities Pvt Ltd. Indiabulls Ventures Limited
Trading Account Opening Fees ₹975 Rs 750
Trading Account AMC ₹0 NIL
Demat Account Opening Fees ₹0 NIL
Demat Account AMC ₹450 Rs 450
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  ICICI Securities Pvt Ltd. Indiabulls Ventures Limited
Account Type 3-in-1 Account (I-Secure Plan) Power Indiabulls
Fixed Charges
Equity Delivery Brokerage 0.55% 0.3%
Equity Intraday Brokerage 0.275% 0.03%
Equity Futures Brokerage 0.05% to 0.03% 0.03%
Equity Options Brokerage ₹95 to ₹35 per lot Rs100/Lot
Currency Futures Trading Brokerage 0.050% to 0.030% 0.03%
Currency Options Trading Brokerage ₹25 to ₹10 per lot Rs100/Lot
Commodity Futures Trading Brokerage NA 0.03%
Commodity Options Trading Brokerage NA No

Brokerage Plan 2

  ICICI Securities Pvt Ltd. Indiabulls Ventures Limited
Account Type I-Saver Plan Power Indiabulls
Fixed Charges
Equity Delivery Brokerage 0.75% to 0.25% 0.3%
Equity Intraday Brokerage 0.75% to 0.25% 0.03%
Equity Futures Brokerage 0.05% to 0.03% 0.03%
Equity Options Brokerage ₹95 to ₹65 per lot Rs100/Lot
Currency Futures Trading Brokerage 0.05% to 0.03% 0.03%
Currency Options Trading Brokerage ₹95 to ₹65 per lot Rs100/Lot
Commodity Futures Trading Brokerage NA 0.03%
Commodity Options Trading Brokerage No

Other Charges

Minimum Brokerage Charges ₹35 per trade 3 paisa per share
Other Brokerage Charges
Call & Trade Charges ₹25 per call after first 20 free calls per month Nil
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Taxes

  ICICI Securities Pvt Ltd. Indiabulls Ventures Limited
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  ICICI Securities Pvt Ltd. Indiabulls Ventures Limited
Equity Delivery NSE: 0.0031% | BSE: 0.0028% 0.00325%
Equity Intraday NSE: 0.0031% | BSE: 0.0028% 0.00325%
Equity Futures 0.0018% 0.0025%
Equity Options 0.05% on Premium 0.055% on Premium
Currency Futures 0.0012% 0.0025%
Currency Options 0.05% on Premium 0.055% on Premium
Commodity NA 0.003%
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Exposure

  ICICI Securities Pvt Ltd. Indiabulls Ventures Limited
Equity Delivery 5x with Interest Upto 4x with 16% interest per year
Equity Intraday Upto 25x Upto 10x
Equity Futures 4x Upto 3x
Equity Options 2x for shorting Upto 3x for shorting
Currency Futures NA Nil
Currency Options NA Nil
Commodity NA Upto 3x
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Share Broker Features

  ICICI Securities Pvt Ltd. Indiabulls Ventures Limited
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
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App Power Indiabulls, SHUBH Web, SHUBH Mobile
Intraday Square-off Time 3:30 PM
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader Live News, World market summary
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Broker Ratings (Average User Rating)

  ICICI Securities Pvt Ltd. Indiabulls Ventures Limited
  400 Customer Reviews    Rate ICICIDirect 44 Customer Reviews    Rate Indiabulls
Fees Ratings 2.3 3.4
Trading Brokerage Rating 1.7 3.1
Trading Platform Usability 3.4 3.7
Customer Service Ratings 2.8 3.1
Overall Ratings Rated 2.4 stars Rated 3.2 stars
Broker Rating ICICIDirect is Rated 2.4 / 5 based on 400 customer reviews Indiabulls is Rated 3.2 / 5 based on 44 customer reviews
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Contact Broker / Request A Call Back

  ICICI Securities Pvt Ltd. Indiabulls Ventures Limited
Contact / Request Call Back
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Investment Options Available

  ICICI Securities Pvt Ltd. Indiabulls Ventures Limited
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
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Customer Service Offered

  ICICI Securities Pvt Ltd. Indiabulls Ventures Limited
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes Yes
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Order Type

  ICICI Securities Pvt Ltd. Indiabulls Ventures Limited
Bracket Order No No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes No
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) No No
Good Till Cancelled (GTC) Yes
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Research / Tips / Reports Published

  ICICI Securities Pvt Ltd. Indiabulls Ventures Limited
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Suitable for Investor Category

  ICICI Securities Pvt Ltd. Indiabulls Ventures Limited
Casual Investor Yes
Active Investor Yes
Trader Yes

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Pros, Cons and Other Review Comments

  ICICI Securities Pvt Ltd. Indiabulls Ventures Limited
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.

More Advantages...

  • Indiabulls has good network of branches across India.
  • Brokerage is negotiable and can be reduced up to 50-60%.
  • Power Indiabulls is available for Apple's Mac and Linux OS.
  • 10 times exposure for intraday trades.
  • Indiabulls provides trading platforms which are easy to use, rich in features and to suite different customer needs. Power Indiabulls Trading Terminal, Online Trading Website and Mobile Power Indiabulls trading platform are 3 platforms offered by them.
  • Indiabulls has branches and sub brokers in almost every city in India. This helps customers who feel comfortable dealing with people.
  • Indiabulls offers 2-in-1 account which includes share trading and demat account.

More Advantages...

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.

More Disadvantages...

  • Power Indiabulls Trading Terminal cost Rs 750 one time change.
  • There are no standard rates, fees or brokerage published on website. You should be very careful with hidden changes.
  • No centralized support or sales team. Business is done through branches and sub-brokers.
  • Indiabulls doesn't provide 3-in-1 account

More Disadvantages...

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.

Enquire about ICICIDirect Enquire about Indiabulls
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