ICICI Direct Vs iTradeOnline (Compare ICICI Direct and iTradeOnline)


ICICI Direct
ICICI Direct 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. ICICI Direct's most popular service is its 3-in-1 account, which includes ICICI Bank Account, ICICI ... 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 Rs 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... 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
Exchnage Membership BSE, NSE BSE, NSE, MCX
Year of Incorporation 2000
Number of Branches 154
Open an Online Trading Account with ICICI Direct.Open an Online Trading Account with iTradeOnline.
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ICICI Direct Vs iTradeOnline Charges & AMC

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

  ICICI Direct iTradeOnline
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free) Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free) Regular: Rs 0, Lifetime Free AMC: Rs 1000
Demat Account AMC Charges Rs 300 (from 2nd year) Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 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 Rs 20 per order whereas iTradeOnline brokerage charges for equity is Rs 20 per executed order or .01% whichever is lower and intraday is Rs 20 per executed order or .01% whichever is lower.

  ICICI Direct iTradeOnline
Account Type ICICI Neo Plan Pay Per Trade
Fixed Charges NA Rs 0
Equity Delivery 0.55% Rs 20 per executed order or .01% whichever is lower
Equity Intraday Rs 20 per order Rs 20 per executed order or .01% whichever is lower
Equity Futures Rs 0 (Free) Rs 20 per executed order or .01% whichever is lower
Equity Options Rs 20 per order Rs 20 per executed order or .01% whichever is lower
Currency Futures Rs 20 per order Rs 20 per executed order or .01% whichever is lower
Currency Options Rs 20 per order Rs 20 per executed order or .01% whichever is lower
Commodity Futures Rs 20 per order Rs 20 per executed order or .01% whichever is lower
Commodity Options Rs 20 per order
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: Get 50% discount (Rs 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-Secure Plan Pay Per Trade
Fixed Charges NA Rs 0
Equity Delivery 0.55% Rs 20 per executed order or .01% whichever is lower
Equity Intraday 0.275% Rs 20 per executed order or .01% whichever is lower
Equity Futures 0.05% Rs 20 per executed order or .01% whichever is lower
Equity Options Rs 95 per lot Rs 20 per executed order or .01% whichever is lower
Currency Futures Rs 20 per order Rs 20 per executed order or .01% whichever is lower
Currency Options Rs 20 per order Rs 20 per executed order or .01% whichever is lower
Commodity Futures Rs 20 per order Rs 20 per executed order or .01% whichever is lower
Commodity Options Rs 20 per order
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ICICI Direct Charges Vs iTradeOnline

Minimum Brokerage Rs 35 per trade (I-Secure Plan) Rs 0 (No Minimum Brokerage)
Other Charges Margin Trading Interest: 0.025% Per day Physical contact notes: Rs 20
Call & Trade Charges Rs 50 per trade Rs 0 (Free)
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ICICI Direct Vs iTradeOnline Transaction Charges

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

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

ICICI Direct margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the iTradeOnline margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  ICICI Direct iTradeOnline
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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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 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
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ICICI Direct Vs iTradeOnline Review

ICICI Direct is rated 2.4 of 5 based on 449 customer reviews whereas iTradeOnline is rated 4.0 of 5 based on 7 customer reviews.

  ICICI Direct iTradeOnline
  449 Customer Reviews    Rate ICICI Direct 7 Customer Reviews    Rate iTradeOnline
Fees 2.2 3.9
Brokerage 1.7 4.1
Trading Platform 3.3 3.9
Customer Service 2.7 3.7
Research Capabilities 2.9 1.0
Overall Ratings Rated 2.4 stars Rated 4.0 stars
Broker Rating ICICI Direct is rated 2.4 of 5 based on 449 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 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 Get 50% discount (Rs 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 Yes Yes
Currency Yes Yes
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
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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 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.
  • 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

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 (Intraday and F&O) 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

Lifetime FREE AMC Demat Account - 50% Off

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

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

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