ICICI Direct Vs iTradeOnline (Compare ICICI Direct and iTradeOnline)

The side-by-side comparison of ICICI Direct and iTradeOnline. Compare ICICI Direct Vs iTradeOnline brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best ICICI Direct vs iTradeOnline?


ICICI Direct
ICICI Direct 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, India's top financial service provider offering banking and other financial services. ICICI Securities offers 'online trading and investment' services to over 20 lakhs customers through ICICI Direct (ICICIDirect.com). ICICIDirect.com is the flags... Know more about ICICI Securities Pvt Ltd.


iTradeOnline
iTradeOnline is an online trading platform of Trustline Securities, a popular full-service broker. iTradeOnline offers online discount brokerage services at an ultra-low brokerage fee of ₹20 per executed order or 0.01% whichever is lower. The same low price is available across segments at BSE, NSE, and MCX. Unlike most discount brokers, iTradeOnline offers intraday leverage of up to 20x in equity, 2x in NSE F&O, 2x in NSE Currency and 8x in MCX futures. The cover orders (CO) are available f... Know more about iTradeOnline by Trustline

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ICICI Direct Vs iTradeOnline

Incorporated in 2000, ICICI Direct is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in , iTradeOnline is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

  ICICI Direct iTradeOnline
Type of Broker Full Service Broker Discount Broker
Supported Exchnages BSE, NSE BSE, NSE, MCX
Account Type 3-in-1 Account (I-Secure Plan) Pay Per Trade
Year of Incorporation 2000
Number of Branches 154
Broker Enquiry Open an Online Trading Account with ICICI Direct. Leave your contact info and we will get in touch with you. Open an Online Trading Account with iTradeOnline. Leave your contact info and we will get in touch with you.
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ICICI Direct Vs iTradeOnline Charges & AMC

ICICI Direct trading account opening charges is ₹0 while iTradeOnline account opening changes is ₹0 (Free). ICICI Direct Demat Account AMC Charges is ₹700 (from 2nd year) and iTradeOnline Demat Account AMC Charges is Regular Demat: ₹300, Lifetime free AMC Demat: ₹0.

  ICICI Direct iTradeOnline
Trading Account Opening Charges ₹0 ₹0 (Free)
Trading Account AMC Charges ₹0 ₹0 (Free)
Demat Account Opening Charges ₹0 Regular: ₹0, Lifetime Free AMC: ₹1000
Demat Account AMC Charges ₹700 (from 2nd year) Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
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ICICI Direct Vs iTradeOnline Brokerage Charges & Plans

ICICI Direct Vs iTradeOnline Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is 0.275% whereas iTradeOnline brokerage charges for equity is ₹20 per executed order or .01% whichever is lower and intraday is ₹20 per executed order or .01% whichever is lower.

  ICICI Direct iTradeOnline
Account Type 3-in-1 Account (I-Secure Plan) Pay Per Trade
Fixed Charges
Equity Delivery Brokerage 0.55% ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage 0.275% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.05% to 0.03% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹95 to ₹35 per lot ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage 0.050% to 0.030% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹25 to ₹10 per lot ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage NA ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage NA
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: Get 50% discount (₹500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

ICICI Direct Vs iTradeOnline Brokerage Plan 2

  ICICI Direct iTradeOnline
Account Type I-Saver Plan Pay Per Trade
Fixed Charges ₹0
Equity Delivery Brokerage 0.75% to 0.25% ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage 0.75% to 0.25% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.05% to 0.03% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹95 to ₹65 per lot ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage 0.05% to 0.03% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage 0.25 to ₹65 per lot ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage NA ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage NA
Enquire ICICI DirectEnquire iTradeOnline

ICICI Direct Vs iTradeOnline Brokerage Plan 3

  ICICI Direct iTradeOnline
Account Type ICICIdirect Prime Plan Pay Per Trade
Fixed Charges ₹900 ₹0
Equity Delivery Brokerage 0.25% ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage 0.25% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.025% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹35 ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage ₹0 ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹0 ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage NA ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage NA
Enquire ICICI DirectEnquire iTradeOnline

ICICI Direct Charges Vs iTradeOnline

Minimum Brokerage Charges ₹35 per trade ₹0 (No Minimum Brokerage)
Other Brokerage Charges Physical contact notes: ₹20
Call & Trade Charges ₹25 per call after first 20 free calls per month ₹0 (Free)
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ICICI Direct Vs iTradeOnline Transaction Charges

ICICI Direct transaction charges for options is ₹5000 per Cr (0.05%) (on premium) while iTradeOnline exchange transaction charges for options is NSE ₹5000 per crore (0.05%).

  ICICI Direct iTradeOnline
Equity Delivery NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Intraday NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Futures ₹180 per Cr (0.0018%) NSE ₹190 per crore (0.0019%)
Equity Options ₹5000 per Cr (0.05%) (on premium) NSE ₹5000 per crore (0.05%)
Currency Futures ₹120 per Cr (0.0012%) NSE ₹90/cr (0.0009%) | BSE ₹18/cr (0.00018%)
Currency Options ₹5000 per Cr (0.05%) (on premium) NSE ₹4000 (on premium) per cr (0.04%) | BSE ₹1500
Commodity NA MCX ₹260/Cr (0.0026%) | NCDEX ₹600/cr (0.006%)
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ICICI Direct Vs iTradeOnline Leverage (Margin)

ICICI Direct provides the margin of Upto 25x for intraday trades whereas the iTradeOnline margin for intraday cash is Upto 20x (based on the stock).

  ICICI Direct iTradeOnline
Equity Delivery 5x with Interest Upto 5x (based on the stock)
Equity Intraday Upto 25x Upto 20x (based on the stock)
Equity Futures 4x Intraday - 25%(4x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options 2x for shorting Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures NA Intraday - 25%(4x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options NA Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Futures NA Future Intraday - 12.5%(8x), Carry forward - 100%(1x) of Span
Commodity Options Intraday - 100%(1x), Carry forward - 100%(1x) of Span
Enquire ICICI DirectEnquire iTradeOnline
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Compare ICICI Direct and iTradeOnline Features

The trading platforms offered ICICI Direct include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. iTradeOnline offers Omnesys NEST is used as back-end. Front-end is built in-house by Trustline. trading software.

  ICICI Direct iTradeOnline
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
Margin Against Shares (Equity F&O) Yes
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.
Intraday Square-off Time 3:30 PM Equity: 3:15 PM, Commodity: 11:15 PM
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Referral Program
Enquire ICICI DirectEnquire iTradeOnline
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ICICI Direct Vs iTradeOnline Review

ICICI Direct is rated 2.4 of 5 based on 430 customer reviews whereas iTradeOnline is rated 4.0 of 5 based on 7 customer reviews.

  ICICI Direct iTradeOnline
  430 Customer Reviews    Rate ICICI Direct 7 Customer Reviews    Rate iTradeOnline
Fees 2.3 3.9
Trading Brokerage 1.7 4.1
Trading Platform Usability 3.4 3.9
Customer Service 2.7 3.7
Research Capabilities 3.1 1.0
Overall Ratings Rated 2.4 stars Rated 4.0 stars
Broker Rating ICICI Direct is rated 2.4 of 5 based on 430 customer reviews iTradeOnline is rated 4.0 of 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  ICICI Direct Enquire iTradeOnline Enquire
Contact Broker

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.

Get 50% discount (₹500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

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ICICI Direct Vs iTradeOnline Investment Options

  ICICI Direct iTradeOnline
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes Yes
Other Investment Options Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS Insurance, Wealth Management
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ICICI Direct Vs iTradeOnline Order Type Offered

  ICICI Direct iTradeOnline
Bracket Order No
Cover Order Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) No
Good Till Cancelled (GTC) Yes
Enquire ICICI DirectEnquire iTradeOnline
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ICICI Direct Vs iTradeOnline Research Report

  ICICI Direct iTradeOnline
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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ICICI Direct Vs iTradeOnline Suitable For Investor Type

  ICICI Direct iTradeOnline
Casual Investor Yes
Active Investor Yes
Trader Yes
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ICICI Direct Vs iTradeOnline - Pros and Cons

  ICICI Direct iTradeOnline
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.
  • Paperless account opening is available with eKYC and Aadhar integration
  • All trading softwares including trading terminal are available for free.
  • Uses trading platform of Omnesys which is industry leading trading software provider.
  • Margin Against Share is available
  • Research based fundamental and technical analysis available to all the customers.
  • Short selling is available in NSE Cash segment only.
  • After Hours Orders and Good Till Cancelled (GTC) orders are available.
  • SMS Trade Alerts are available for free to all customers.
  • Call & Trade is free for all customers.
Cons
  • ICICI Security charges highest brokerage in comparison to most of the retail broke₹in India.
  • Very high 'minimum brokerage' of ₹35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hou₹of trading.
  • Trading Terminal (Trade Racer) cost ₹75 per month if brokerage paid in a month is less then ₹750.
  • Demat Account is mandatory.
  • Commodity trading is not available for retail investors.
  • Call & trade cost extra ₹25 per call after first 20 free calls in a month.
  • Separate account needed for Mutual Funds investment.
  • For iTradeOnline customers, the customer service is not available through 400+ Trustline branches.
  • Doesn't offer bracket orders.
  • Online IPO, NCD, Corporate Bond investment is not available.
  • Trading API's are now available.
  • Opening demat account along with the trading account is mandatory.
  • No extra charge for intraday or expiry positions closed by the broker.
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.

Lifetime FREE AMC Demat Account - 50% Off

Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save ₹500 on account opening.

This is a limited time offer. Simply leave your contact information with us and iTradeOnline representatives will contact you.

Enquire ICICI DirectEnquire iTradeOnline

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