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ICICIdirect Vs Indiabulls (Compare ICICIdirect and Indiabulls)

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.

Indiabulls Ventures Limited Logo

About Indiabulls
Indiabulls Shubh is a discount stock broker offering ultra-low brokerage plans. Indiabulls is among the best stock broker in India with offering including unlimited trading plans, free trading platforms, free call & trade, free research and zero interest margin funding. Indiabulls Shubh is an offering of Indiabulls Ventures Ltd, one of the oldest stock brokers in India serving customers since the year 2000. Indiabulls Ventures serves over 7 lakh customers with a dedicated sales team of more... Know more about Indiabulls Ventures Limited

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ICICIdirect Vs Indiabulls

Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 2000, Indiabulls is a Full Service Broker. It offers trading at BSE, NSE and MCX. It has 18 branches across India.

  ICICIdirect Indiabulls
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE BSE, NSE and MCX
Year of Incorporation 2000 2000
Number of Branches 154 18
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ICICIdirect Vs Indiabulls Charges & AMC

ICICIdirect trading account opening charges is Rs 0 (Free) while Indiabulls account opening changes is Rs 500. ICICIdirect Demat Account AMC Charges is Rs 300 (from 2nd year) and Indiabulls Demat Account AMC Charges is Rs 450.

  ICICIdirect Indiabulls
Trading Account Opening Charges Rs 0 (Free) Rs 500
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 450

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ICICIdirect Vs Indiabulls Brokerage

ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas Indiabulls brokerage charges for equity is Rs 0 (Free) and intraday is Rs 0 (Free).

Account Type ICICIdirect ICICI Neo Plan Indiabulls Equity Unlimited Trade
Fixed Charges NA Rs 1000
Equity Delivery 0.55% Rs 0 (Free)
Equity Intraday Rs 20 per order Rs 0 (Free)
Equity Futures Rs 0 (Free) Rs 15 per trade
Equity Options Rs 20 per order Rs 15 per trade
Currency Futures Rs 20 per order Rs 15 per trade
Currency Options Rs 20 per order Rs 15 per trade
Commodity Futures Rs 20 per order 0.03%
Commodity Options Rs 20 per order 0.03%
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: FREE Unlimited Trading for 1st Month (Rs 1000 waived) Get the offer

ICICIdirect Vs Indiabulls Brokerage Plan 2

  ICICIdirect Indiabulls
Account Type I-Secure Plan F&O Unlimited Trade
Fixed Charges NA Rs 1000
Equity Delivery 0.55% Rs 15 per trade
Equity Intraday 0.275% Rs 15 per trade
Equity Futures 0.05% Rs 0 (Free)
Equity Options Rs 95 per lot Rs 0 (Free)
Currency Futures Rs 20 per order Rs 0 (Free)
Currency Options Rs 20 per order Rs 0 (Free)
Commodity Futures Rs 20 per order 0.03%
Commodity Options Rs 20 per order 0.03%
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ICICIdirect Vs Indiabulls Brokerage Plan 3

  ICICIdirect Indiabulls
Account Type ICICI Neo Plan Base Plan
Fixed Charges NA NA
Equity Delivery 0.55% Rs 0 (Free)
Equity Intraday Rs 20 per order Rs 15 per executed order
Equity Futures Rs 0 (Free) Rs 15 per executed order
Equity Options Rs 20 per order Rs 15 per executed order
Currency Futures Rs 20 per order Rs 15 per executed order
Currency Options Rs 20 per order Rs 15 per executed order
Commodity Futures Rs 20 per order 0.03%
Commodity Options Rs 20 per order 0.03%
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ICICIdirect Charges Vs Indiabulls

Minimum Brokerage Rs 35 per trade (I-Secure Plan) Rs 0 (Unlimited Plan), Rs 15 (Per Trade Plan)
Other Charges Margin Trading Interest: 0.025% Per day
Call & Trade Charges Rs 50 per trade Rs 0 (Free)

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ICICIdirect Vs Indiabulls Transaction Charges

ICICIdirect transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while Indiabulls exchange transaction charges for options is Rs 5500 per crore (on premium) (0.055%).

  ICICIdirect Indiabulls
Equity Delivery NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) Rs 325 per crore (0.00325%)
Equity Intraday NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) Rs 325 per crore (0.00325%)
Equity Futures Rs 180 per Cr (0.0018%) Rs 250 per crore (0.0025%)
Equity Options Rs 5000 per Cr (0.05%) (on premium) Rs 5500 per crore (on premium) (0.055%)
Currency Futures Rs 120 per Cr (0.0012%) Rs 250 per crore (0.0025%)
Currency Options Rs 5000 per Cr (0.05%) (on premium) Rs 5500 per crore (on premium) (0.055%)
Commodity Group A - Rs 260 per Cr (0.0026%)
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ICICIdirect Vs Indiabulls Leverage (Margin)

ICICIdirect margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Indiabulls margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  ICICIdirect Indiabulls
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)
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Compare ICICIdirect and Indiabulls Features

The trading platforms offered ICICIdirect include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Indiabulls offers SHUBH Mobile, SHUBH Web, Power Indiabulls (PIB) trading software.

  ICICIdirect Indiabulls
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 Yes
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App SHUBH Mobile, SHUBH Web, Power Indiabulls (PIB)
Intraday Square-off Time 3:30 PM
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader Live News, World market summary
Referral Program
Open ICICIdirect AccountEnquire Indiabulls

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ICICIdirect Vs Indiabulls Review

ICICIdirect is rated 2.4 of 5 based on 456 customer reviews whereas Indiabulls is rated 3.2 of 5 based on 50 customer reviews.

  ICICIdirect Indiabulls
  456 Customer Reviews    Rate ICICIdirect 50 Customer Reviews    Rate Indiabulls
Fees 2.2 3.4
Brokerage 1.7 3.1
Trading Platform 3.3 3.7
Customer Service 2.7 3.0
Research Capabilities 2.9 2.4
Overall Ratings Rated 2.4 stars Rated 3.2 stars
Broker Rating ICICIdirect is rated 2.4 of 5 based on 456 customer reviews Indiabulls is rated 3.2 of 5 based on 50 customer reviews

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Contact Broker / Request A Call Back

  ICICIdirect Enquire Indiabulls Enquire
Contact Broker 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 FREE Unlimited Trading for 1st Month (Rs 1000 waived) Get the offer

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ICICIdirect Vs Indiabulls Investment Options

  ICICIdirect Indiabulls
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes No
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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ICICIdirect Vs Indiabulls Order Type Offered

  ICICIdirect Indiabulls
Bracket Order No No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes No
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes No
Open ICICIdirect AccountEnquire Indiabulls

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ICICIdirect Vs Indiabulls Research Report

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

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ICICIdirect Vs Indiabulls Suitable For Investor Type

  ICICIdirect Indiabulls
Casual Investor Yes
Active Investor Yes
Trader Yes

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ICICIdirect Vs Indiabulls - Pros and Cons

  ICICIdirect Indiabulls
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.
  • Brokerages free equity delivery trading. Truly no brokerage charges for cash & carry trades.
  • Interest-free Margin Funding in Unlimited Trading plan.
  • Margin funding is available at a low cost of 12% per annum in Rs 15/trade plan.
  • Free trading software.
  • Free research reports and trading tips to all the customers.
  • Years of experience, trust and good track record in stock broker business.
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.
  • Online IPO and Mutual Fund investment are not available in Indiabulls Shubh App.
  • Local branch support is not available to online customers.
  • Advance order types i.e. Bracket Order, Cover Order are not available in monthly unlimited trading plans.
  • Margin against share is not available in Unlimited Trading 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 in Options, Currency F&O and Commodity futures 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

Limited Time Offer - FREE Unlimited Trading for 1st Month (Rs 1000 waived)

Open Indiabulls Online Trading Account and get Free Unlimited Trading for 1st month. Trade Unlimited at Rs 1000/month or Trade at flat Rs 15 per executed order.

Get this limited time offer
Open ICICIdirect AccountEnquire Indiabulls
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