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ICICI Direct Vs Nirmal Bang (Compare ICICI Direct and Nirmal Bang)

The side-by-side comparison of ICICI Direct and Nirmal Bang. Compare ICICI Direct Vs Nirmal Bang brokerage, charges, exposure margin, demat account. Read Nirmal Bang and ICICI Direct review.

Find out ICICI Direct Vs Nirmal Bang which is better and ICICI Direct Vs Nirmal Bang which is best.

Our ICICI Securities Pvt Ltd. comparison with Nirmal Bang Securities Pvt Ltd highlights the major differences between two brokers. Find the best between ICICI Direct and Nirmal Bang.

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ICICI Direct Vs Nirmal Bang

  ICICI Direct Nirmal Bang
Find more info about broker
ICICI Securities Pvt Ltd. Logo Nirmal Bang Securities Pvt Ltd Logo
About the Broker 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 Grou... 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 ICICI Direct. 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.
Year of Incorporation 2000 1986
Number of Branches 154 2000
Enquire ICICI Direct Enquire Nirmal Bang
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ICICI Direct Vs Nirmal Bang Charges

  ICICI Direct Nirmal Bang
Trading Account Opening Fees ₹975 ₹0
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹0 ₹0
Demat Account AMC ₹700 ₹200
Demat Account is Mandatory? No No
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ICICI Direct Vs Nirmal Bang Brokerage

Brokerage Plan 1

  ICICI Direct Nirmal Bang
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 ₹35
Currency Futures Trading Brokerage 0.050% to 0.030% 0.02%
Currency Options Trading Brokerage ₹25 to ₹10 per lot ₹20
Commodity Futures Trading Brokerage NA 0.01%
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.

Brokerage Plan 2

  ICICI Direct Nirmal Bang
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 ₹35
Currency Futures Trading Brokerage 0.05% to 0.03% 0.02%
Currency Options Trading Brokerage 0.25 to ₹65 per lot ₹20
Commodity Futures Trading Brokerage NA 0.01%
Commodity Options Trading Brokerage NA

Brokerage Plan 3

  ICICI Direct Nirmal Bang
Account Type ICICIdirect Prime Plan Basic Plan
Fixed Charges ₹900 NA
Equity Delivery Brokerage 0.25% 0.2%
Equity Intraday Brokerage 0.25% 0.02%
Equity Futures Brokerage 0.025% 0.02%
Equity Options Brokerage ₹35 ₹35
Currency Futures Trading Brokerage ₹0 0.02%
Currency Options Trading Brokerage ₹0 ₹20
Commodity Futures Trading Brokerage NA 0.01%
Commodity Options Trading Brokerage NA

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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ICICI Direct Vs Nirmal Bang Taxes

  ICICI Direct Nirmal Bang
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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ICICI Direct Vs Nirmal Bang Transaction Charges

  ICICI Direct Nirmal Bang
Equity Delivery NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) ₹390
Equity Intraday NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) ₹390
Equity Futures ₹180 per Cr (0.0018%) ₹240
Equity Options ₹5000 per Cr (0.05%) (on premium) ₹5700
Currency Futures ₹120 per Cr (0.0012%) ₹240
Currency Options ₹5000 per Cr (0.05%) (on premium) ₹5700
Commodity NA ₹250
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ICICI Direct Vs Nirmal Bang Exposure Margin

  ICICI Direct Nirmal Bang
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 Futures NA Upto 3x
Commodity Options
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ICICI Direct and Nirmal Bang Feature Comparison

  ICICI Direct Nirmal Bang
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
Referral Program
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ICICI Direct Vs Nirmal Bang Review

  ICICI Direct Nirmal Bang
  411 Customer Reviews    Rate ICICI Direct 14 Customer Reviews    Rate Nirmal Bang
Fees 2.3 3.7
Trading Brokerage 1.7 3.5
Trading Platform Usability 3.4 2.7
Customer Service 2.8 2.5
Research Capabilities 4.3
Overall Ratings Rated 2.4 stars Rated 2.6 stars
Broker Rating ICICI Direct is Rated 2.4 / 5 based on 411 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 Direct Enquire Nirmal Bang 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.

Leave your contact information and we will get in touch with you....

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ICICI Direct Vs Nirmal Bang Investment Options

  ICICI Direct Nirmal Bang
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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ICICI Direct Vs Nirmal Bang Customer Service

  ICICI Direct Nirmal Bang
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches Yes Yes
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ICICI Direct Vs Nirmal Bang Order Type Offered

  ICICI Direct Nirmal Bang
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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ICICI Direct Vs Nirmal Bang Research Report

  ICICI Direct Nirmal Bang
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 Nirmal Bang Suitable For Investor Type

  ICICI Direct Nirmal Bang
Casual Investor Yes Yes
Active Investor
Trader
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ICICI Direct Vs Nirmal Bang - Advantages and Disadvantages

  ICICI Direct Nirmal Bang
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 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.

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.

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