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ICICIDirect Vs Nirmal Bang Share Broker Comparison

The side-by-side comparison of ICICI Securities Pvt Ltd. and Nirmal Bang Securities Pvt Ltd stock brokers in India. The comparison below highlights the similarities and differences between ICICIDirect and Nirmal Bang's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among ICICIDirect and Nirmal Bang.

  ICICI Securities Pvt Ltd. Nirmal Bang Securities Pvt Ltd
 
ICICI Securities Pvt Ltd. Logo Nirmal Bang Securities Pvt Ltd 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. Incorporated in 1986, Nirmal Bang Securities Pvt Ltd., (Nirmal Bang) is amongst the top full-service broking houses, offering various financial products and services. The Nirmal Bang group of companies was founded by Nirmal Bang, Dilip Bang and Kisho... Know more about Nirmal Bang Securities Pvt Ltd
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE BSE, NSE, MCX, NCDEX, NMCE
Account Type 3-in-1 Account (I-Secure Plan) Basic Plan
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 Nirmal Bang. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  ICICI Securities Pvt Ltd. Nirmal Bang Securities Pvt Ltd
Trading Account Opening Fees ₹975 Rs 0
Trading Account AMC ₹0 Rs 0
Demat Account Opening Fees ₹0 Rs 0
Demat Account AMC ₹450 Rs 200
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  ICICI Securities Pvt Ltd. Nirmal Bang Securities Pvt Ltd
Account Type 3-in-1 Account (I-Secure Plan) Basic Plan
Fixed Charges
Equity Delivery Brokerage 0.55% 0.2%
Equity Intraday Brokerage 0.275% 0.02%
Equity Futures Brokerage 0.05% to 0.03% 0.02%
Equity Options Brokerage ₹95 to ₹35 per lot Rs 35
Currency Futures Trading Brokerage 0.050% to 0.030% 0.02%
Currency Options Trading Brokerage ₹25 to ₹10 per lot Rs 20
Commodity Futures Trading Brokerage NA 0.01%
Commodity Options Trading Brokerage NA

Brokerage Plan 2

  ICICI Securities Pvt Ltd. Nirmal Bang Securities Pvt Ltd
Account Type I-Saver Plan Basic Plan
Fixed Charges NA
Equity Delivery Brokerage 0.75% to 0.25% 0.2%
Equity Intraday Brokerage 0.75% to 0.25% 0.02%
Equity Futures Brokerage 0.05% to 0.03% 0.02%
Equity Options Brokerage ₹95 to ₹65 per lot Rs 35
Currency Futures Trading Brokerage 0.05% to 0.03% 0.02%
Currency Options Trading Brokerage ₹95 to ₹65 per lot Rs 20
Commodity Futures Trading Brokerage NA 0.01%
Commodity Options Trading Brokerage

Other Charges

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

  ICICI Securities Pvt Ltd. Nirmal Bang Securities Pvt Ltd
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  ICICI Securities Pvt Ltd. Nirmal Bang Securities Pvt Ltd
Equity Delivery NSE: 0.0031% | BSE: 0.0028% ₹390
Equity Intraday NSE: 0.0031% | BSE: 0.0028% ₹390
Equity Futures 0.0018% ₹240
Equity Options 0.05% on Premium ₹5700
Currency Futures 0.0012% ₹240
Currency Options 0.05% on Premium ₹5700
Commodity NA ₹250
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Exposure

  ICICI Securities Pvt Ltd. Nirmal Bang Securities Pvt Ltd
Equity Delivery 5x with Interest upto 10x
Equity Intraday Upto 25x Upto 4x
Equity Futures 4x Upto 4x
Equity Options 2x for shorting Upto 2x for shorting
Currency Futures NA Upto 2x for shorting
Currency Options NA Upto 3x
Commodity NA Upto 3x
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Share Broker Features

  ICICI Securities Pvt Ltd. Nirmal Bang Securities Pvt Ltd
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 Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App
Intraday Square-off Time 3:30 PM 3:15
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader
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Broker Ratings (Average User Rating)

  ICICI Securities Pvt Ltd. Nirmal Bang Securities Pvt Ltd
  400 Customer Reviews    Rate ICICIDirect 14 Customer Reviews    Rate Nirmal Bang
Fees Ratings 2.3 3.7
Trading Brokerage Rating 1.7 3.5
Trading Platform Usability 3.4 2.7
Customer Service Ratings 2.8 2.5
Overall Ratings Rated 2.4 stars Rated 2.6 stars
Broker Rating ICICIDirect is Rated 2.4 / 5 based on 400 customer reviews Nirmal Bang is Rated 2.6 / 5 based on 14 customer reviews
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Contact Broker / Request A Call Back

  ICICI Securities Pvt Ltd. Nirmal Bang Securities Pvt Ltd
Contact / Request Call Back
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Investment Options Available

  ICICI Securities Pvt Ltd. Nirmal Bang Securities Pvt Ltd
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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Customer Service Offered

  ICICI Securities Pvt Ltd. Nirmal Bang Securities Pvt Ltd
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches Yes Yes
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Order Type

  ICICI Securities Pvt Ltd. Nirmal Bang Securities Pvt Ltd
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 Yes
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Research / Tips / Reports Published

  ICICI Securities Pvt Ltd. Nirmal Bang Securities Pvt Ltd
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Suitable for Investor Category

  ICICI Securities Pvt Ltd. Nirmal Bang Securities Pvt Ltd
Casual Investor Yes Yes
Active Investor
Trader

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Pros, Cons and Other Review Comments

  ICICI Securities Pvt Ltd. Nirmal Bang Securities Pvt Ltd
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. Low bandwidth option for anywhere access
  2. Free research report subscription
  3. 24X7 access to back-office
  4. Instant Fund transfer
  5. Multiple market watch facility with streaming quotes (Live Market Rates*)
  6. Trader can review their Margin Status, Holding Report, Order and Trade Book on a real time basis

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...

  1. Nirmal Bang doesn't offer 3 in 1 account.
  2. Brokerage rates are negotiable.
  3. Nirmal Bang doesn't have Brokerage calculator and Margin Calculator.
  4. Instant Fund withdrawal is not available
  5. Nirmal Bang is a full services broker so the brokerage charged by them is higher than the discount brokers.

More Disadvantages...

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.

Enquire about ICICIDirect Enquire about Nirmal Bang
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