Free Trading + Demat Account

ICICIDirect Vs Indiabulls (Compare ICICIDirect and Indiabulls)

The side-by-side comparison of ICICIDirect and Indiabulls. Compare ICICIDirect Vs Indiabulls brokerage, charges, exposure margin, demat account. Read Indiabulls and ICICIDirect review.

Find out ICICIDirect Vs Indiabulls which is better and ICICIDirect Vs Indiabulls which is best.

Our ICICI Securities Pvt Ltd. comparison with Indiabulls Ventures Limited highlights the major differences between two brokers. Find the best between ICICIDirect and Indiabulls.

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ICICIDirect Vs Indiabulls

  ICICIDirect Indiabulls
Find more info about broker
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. IVL 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) Indiabulls Shubh
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.
Year of Incorporation 2000 2000
Number of Branches 154 22
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ICICIDirect Vs Indiabulls Charges

  ICICIDirect Indiabulls
Trading Account Opening Fees ₹975 ₹450
Trading Account AMC ₹0 NIL
Demat Account Opening Fees ₹0 NIL
Demat Account AMC ₹450 ₹450 (Free for 1st Year)
Demat Account is Mandatory? No No
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ICICIDirect Vs Indiabulls Brokerage

Brokerage Plan 1

  ICICIDirect Indiabulls
Account Type 3-in-1 Account (I-Secure Plan) Indiabulls Shubh
Fixed Charges
Equity Delivery Brokerage 0.55% 0%
Equity Intraday Brokerage 0.275% ₹15 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.05% to 0.03% ₹15 per executed order or .01% whichever is lower
Equity Options Brokerage ₹95 to ₹35 per lot ₹15 per lot
Currency Futures Trading Brokerage 0.050% to 0.030% ₹15 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹25 to ₹10 per lot ₹15 per lot
Commodity Futures Trading Brokerage NA
Commodity Options Trading Brokerage NA

Brokerage Plan 2

  ICICIDirect Indiabulls
Account Type I-Saver Plan Indiabulls Shubh
Fixed Charges
Equity Delivery Brokerage 0.75% to 0.25% 0%
Equity Intraday Brokerage 0.75% to 0.25% ₹15 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.05% to 0.03% ₹15 per executed order or .01% whichever is lower
Equity Options Brokerage ₹95 to ₹65 per lot ₹15 per lot
Currency Futures Trading Brokerage 0.05% to 0.03% ₹15 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹95 to ₹65 per lot ₹15 per lot
Commodity Futures Trading Brokerage NA
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹35 per trade ₹0
Other Brokerage Charges
Call & Trade Charges ₹25 per call after first 20 free calls per month ₹15
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ICICIDirect Vs Indiabulls Taxes

  ICICIDirect Indiabulls
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.
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ICICIDirect Vs Indiabulls Transaction Charges

  ICICIDirect Indiabulls
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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ICICIDirect Vs Indiabulls Exposure Margin

  ICICIDirect Indiabulls
Equity Delivery 5x with Interest 1x (no margin)
Equity Intraday Upto 25x Up to 12x (based on the stock)
Equity Futures 4x Intraday - 50%(2x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options 2x for shorting 1x (no margin)
Currency Futures NA 1x (no margin)
Currency Options NA 1x (no margin)
Commodity Futures NA
Commodity Options
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ICICIDirect and Indiabulls Feature Comparison

  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 Available 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
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
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ICICIDirect Vs Indiabulls Review

  ICICIDirect Indiabulls
  403 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 403 customer reviews Indiabulls is Rated 3.2 / 5 based on 44 customer reviews
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Contact Broker / Request A Call Back

  ICICIDirect Enquire Indiabulls Enquire
Contact Broker
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ICICIDirect Vs Indiabulls Investment Options

  ICICIDirect Indiabulls
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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ICICIDirect Vs Indiabulls Customer Service

  ICICIDirect Indiabulls
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes Yes
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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 Yes
After Market Order(AMO) No No
Good Till Cancelled (GTC) Yes
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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 - Advantages and Disadvantages

  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.

More Advantages...

  1. Brokerages free equity delivery trading. Truly no brokerage charges for cash & carry trades.
  2. Pay flat Rs 15 per trade for trade across all other segments.
  3. Margin funding is available at a low cost of 12% per annum.
  4. Free trading software's.
  5. Indiabulls has a good network of branches across India.
  6. Free research reports and trading tips to all the customers.
  7. Years of experience, trust and good track record in stock broker business.

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...

  • Margin offered in Indiabull Shubh app are significantly lower than other brokers. No margin offered in Equity options intra-day.
  • Online IPO and Mutual Fund investment is not available in Indiabulls Shubh App.
  • Power Indiabulls Trading Terminal cost Rs 450 onetime charge.
  • Indiabulls doesn't provide 3-in-1 account as they do not offer banking services.

More Disadvantages...

Reviews
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