ICICI Direct Vs Karvy (Compare ICICI Direct and Karvy)

ICICI Direct Vs Karvy

Incorporated in 2000, ICICI Direct is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 1985, Karvy is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 575 branches across India.

	ICICI Direct	Karvy
Type of Broker	Full Service Broker	Full Service Broker
Supported Exchnages	BSE, NSE	BSE, NSE, MCX
Account Type	3-in-1 Account (I-Secure Plan)	Retail Brokerage Plan
Year of Incorporation	2000	1985
Number of Branches	154	575
Broker Enquiry

ICICI Direct Vs Karvy Charges & AMC

ICICI Direct trading account opening charges is Rs 0 while Karvy account opening changes is Rs 650. ICICI Direct Demat Account AMC Charges is Rs 700 (from 2nd year) and Karvy Demat Account AMC Charges is Rs 420.

	ICICI Direct	Karvy
Trading Account Opening Charges	Rs 0	Rs 650
Trading Account AMC Charges	Rs 0	Rs 0
Demat Account Opening Charges	Rs 0	Rs 0
Demat Account AMC Charges	Rs 700 (from 2nd year)	Rs 420

ICICI Direct Vs Karvy Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is 0.275% whereas Karvy brokerage charges for equity is 0.3% and intraday is 0.03%.

	ICICI Direct	Karvy
Account Type	3-in-1 Account (I-Secure Plan)	Retail Brokerage Plan
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	Rs 95 to Rs 35 per lot	Rs 30 per lot
Currency Futures Trading Brokerage	0.050% to 0.030%	0.03%
Currency Options Trading Brokerage	Rs 25 to Rs 10 per lot	Rs 30 per lot
Commodity Futures Trading Brokerage	NA	0.03%
Commodity Options Trading Brokerage	NA	Rs 30 per lot
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.

ICICI Direct Vs Karvy Brokerage Plan 2

	ICICI Direct	Karvy
Account Type	I-Saver Plan	Premium Subscription Plan of 100000
Fixed Charges		Rs 100,000 per year
Equity Delivery Brokerage	0.75% to 0.25%	0.1%
Equity Intraday Brokerage	0.75% to 0.25%	0.01%
Equity Futures Brokerage	0.05% to 0.03%	0.01%
Equity Options Brokerage	Rs 95 to Rs 65 per lot	Rs 10 per lot
Currency Futures Trading Brokerage	0.05% to 0.03%	0.01%
Currency Options Trading Brokerage	0.25 to Rs 65 per lot	Rs 10 per lot
Commodity Futures Trading Brokerage	NA	0.01%
Commodity Options Trading Brokerage	NA	Rs 10 per lot

ICICI Direct Vs Karvy Brokerage Plan 3

	ICICI Direct	Karvy
Account Type	ICICIdirect Prime Plan	Retail Brokerage Plan
Fixed Charges	Rs 900
Equity Delivery Brokerage	0.25%	0.3%
Equity Intraday Brokerage	0.25%	0.03%
Equity Futures Brokerage	0.025%	0.03%
Equity Options Brokerage	Rs 35	Rs 30 per lot
Currency Futures Trading Brokerage	Rs 0	0.03%
Currency Options Trading Brokerage	Rs 0	Rs 30 per lot
Commodity Futures Trading Brokerage	NA	0.03%
Commodity Options Trading Brokerage	NA	Rs 30 per lot

ICICI Direct Charges Vs Karvy

Minimum Brokerage Charges	Rs 35 per trade	Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher
Other Brokerage Charges
Call & Trade Charges	Rs 25 per call after first 20 free calls per month

ICICI Direct Vs Karvy Transaction Charges

ICICI Direct transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while Karvy exchange transaction charges for options is Rs 5500.

	ICICI Direct	Karvy
Equity Delivery	NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)	Rs 325
Equity Intraday	NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)	Rs 325
Equity Futures	Rs 180 per Cr (0.0018%)	Rs 230
Equity Options	Rs 5000 per Cr (0.05%) (on premium)	Rs 5500
Currency Futures	Rs 120 per Cr (0.0012%)	Rs 325
Currency Options	Rs 5000 per Cr (0.05%) (on premium)
Commodity	NA	Rs 300

ICICI Direct Vs Karvy Leverage (Margin)

ICICI Direct provides the margin of Upto 25x for intraday trades whereas the Karvy margin for intraday cash is Upto 20x.

	ICICI Direct	Karvy
Equity Delivery	5x with Interest	Upto 5x with 24% interest per year
Equity Intraday	Upto 25x	Upto 20x
Equity Futures	4x	Upto 4x
Equity Options	2x for shorting	Upto 4x for shorting
Currency Futures	NA	Nil
Currency Options	NA	Nil
Commodity Futures	NA	Upto 4x
Commodity Options

Compare ICICI Direct and Karvy Features

The trading platforms offered ICICI Direct include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Karvy offers NEST, Karvy Web, Trade Mobile trading software.

	ICICI Direct	Karvy
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App	NEST, Karvy Web, Trade Mobile
Intraday Square-off Time	3:30 PM	3:15
Other Features	Bullet Trading, Can trade in 32 exchanges through Saxo Trader	Ask the expert, The Finapolis
Referral Program

ICICI Direct Vs Karvy Review

ICICI Direct is rated 2.4 of 5 based on 433 customer reviews whereas Karvy is rated 2.0 of 5 based on 24 customer reviews.

	ICICI Direct	Karvy
	433 Customer Reviews	24 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICI Direct is rated 2.4 of 5 based on 433 customer reviews	Karvy is rated 2.0 of 5 based on 24 customer reviews

ICICI Direct Vs Karvy Investment Options

	ICICI Direct	Karvy
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS

ICICI Direct Vs Karvy Order Type Offered

	ICICI Direct	Karvy
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)

ICICI Direct Vs Karvy Research Report

	ICICI Direct	Karvy
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

ICICI Direct Vs Karvy Suitable For Investor Type

	ICICI Direct	Karvy
Casual Investor
Active Investor
Trader

ICICI Direct Vs Karvy - Pros and Cons

	ICICI Direct	Karvy
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.	Pay Rs 1200 one time and get life time free AMC demat account Offers investment in IPO and Mutual funds Free research reports Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
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.	Doesn't offer 3 in 1 account Brokerage rates are negotiable Higher brokerage compare to discount brokers
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.