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ICICIdirect Vs Nirmal Bang (Compare ICICIdirect and Nirmal Bang)


ICICI Securities Pvt Ltd. Logo

ICICIdirect
ICICIdirect 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. ICICIdirect's most popular service is its 3-in-1 account, which includes ICICI Bank Account, ICICI Tr... Know more about ICICI Securities Pvt Ltd.


Nirmal Bang Securities Pvt Ltd Logo

Nirmal Bang
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 Kishore Bang. Nirmal Bang offers trading services in equities, derivatives, commodities and currency. Stock trading is offered to retail clients through multiple channels including online trading in the BSE and the NSE. In addition to those services, the... Know more about Nirmal Bang Securities Pvt Ltd

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ICICIdirect Vs Nirmal Bang

Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 1986, Nirmal Bang is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, NMCE. It has 2000 branches across India.

  ICICIdirect Nirmal Bang
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE BSE, NSE, MCX, NCDEX, NMCE
Year of Incorporation 2000 1986
Number of Branches 154 2000
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ICICIdirect Vs Nirmal Bang Charges & AMC

ICICIdirect trading account opening charges is Rs 0 (Free) while Nirmal Bang account opening changes is Rs 0. ICICIdirect Demat Account AMC Charges is Rs 300 (from 2nd year) and Nirmal Bang Demat Account AMC Charges is Rs 200.

  ICICIdirect Nirmal Bang
Trading Account Opening Charges Rs 0 (Free) Rs 0
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 300 (from 2nd year) Rs 200
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ICICIdirect Vs Nirmal Bang Brokerage Charges & Plans

ICICIdirect Vs Nirmal Bang Brokerage

ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02%.

  ICICIdirect Nirmal Bang
Account Type ICICI Neo Plan Basic Plan
Fixed Charges NA NA
Equity Delivery 0.55% 0.2%
Equity Intraday Rs 20 per order 0.02%
Equity Futures Rs 0 (Free) 0.02%
Equity Options Rs 20 per order Rs 35
Currency Futures Rs 20 per order 0.02%
Currency Options Rs 20 per order Rs 20
Commodity Futures Rs 20 per order 0.01%
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

ICICIdirect Vs Nirmal Bang Brokerage Plan 2

  ICICIdirect Nirmal Bang
Account Type I-Secure Plan Basic Plan
Fixed Charges NA NA
Equity Delivery 0.55% 0.2%
Equity Intraday 0.275% 0.02%
Equity Futures 0.05% 0.02%
Equity Options Rs 95 per lot Rs 35
Currency Futures Rs 20 per order 0.02%
Currency Options Rs 20 per order Rs 20
Commodity Futures Rs 20 per order 0.01%
Commodity Options Rs 20 per order
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ICICIdirect Charges Vs Nirmal Bang

Minimum Brokerage Rs 35 per trade (I-Secure Plan)
Other Charges Margin Trading Interest: 0.025% Per day
Call & Trade Charges Rs 50 per trade
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ICICIdirect Vs Nirmal Bang Transaction Charges

ICICIdirect transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while Nirmal Bang exchange transaction charges for options is Rs 5700.

  ICICIdirect Nirmal Bang
Equity Delivery NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) Rs 390
Equity Intraday NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) Rs 390
Equity Futures Rs 180 per Cr (0.0018%) Rs 240
Equity Options Rs 5000 per Cr (0.05%) (on premium) Rs 5700
Currency Futures Rs 120 per Cr (0.0012%) Rs 240
Currency Options Rs 5000 per Cr (0.05%) (on premium) Rs 5700
Commodity Group A - Rs 260 per Cr (0.0026%) Rs 250
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ICICIdirect Vs Nirmal Bang Leverage (Margin)

ICICIdirect margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Nirmal Bang margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  ICICIdirect Nirmal Bang
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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Compare ICICIdirect and Nirmal Bang Features

The trading platforms offered ICICIdirect include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Nirmal Bang offers Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App trading software.

  ICICIdirect 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 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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ICICIdirect Vs Nirmal Bang Review

ICICIdirect is rated 2.4 of 5 based on 453 customer reviews whereas Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews.

  ICICIdirect Nirmal Bang
  453 Customer Reviews    Rate ICICIdirect 19 Customer Reviews    Rate Nirmal Bang
Fees 2.2 3.6
Brokerage 1.7 3.5
Trading Platform 3.3 2.6
Customer Service 2.7 2.3
Research Capabilities 2.9 3.0
Overall Ratings Rated 2.4 stars Rated 2.6 stars
Broker Rating ICICIdirect is rated 2.4 of 5 based on 453 customer reviews Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews
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Contact Broker / Request A Call Back

  ICICIdirect Enquire Nirmal Bang 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 Leave your contact information and we will get in touch with you....
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ICICIdirect Vs Nirmal Bang Investment Options

  ICICIdirect Nirmal Bang
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
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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ICICIdirect Vs Nirmal Bang Order Type Offered

  ICICIdirect 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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ICICIdirect Vs Nirmal Bang Research Report

  ICICIdirect Nirmal Bang
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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ICICIdirect Vs Nirmal Bang Suitable For Investor Type

  ICICIdirect Nirmal Bang
Casual Investor Yes Yes
Active Investor
Trader
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ICICIdirect Vs Nirmal Bang - Pros and Cons

  ICICIdirect 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.
  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
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.
  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.
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 in Options, Currency F&O and Commodity futures in BSE, NSE and MCX
  • Free trading tips
  • Get funds in your bank account in just 30 minutes of selling stocks

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ICICIdirect Nirmal Bang
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