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ICICIDirect Vs RKSV Share Broker Comparison

The side-by-side comparison of ICICI Securities Pvt Ltd. and RKSV Securities Ltd stock brokers in India. The comparison below highlights the similarities and differences between ICICIDirect and RKSV'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 RKSV.

  ICICI Securities Pvt Ltd. RKSV Securities Ltd
 
ICICI Securities Pvt Ltd. Logo RKSV Securities 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. RKSV is Mumbai, India based popular discount broker offering budget brokerage plans to India stock & commodity market investors. RKSV is well known for its flat Rs 20 per trade irrespective to the size of the trade across trade segments including Equ... Know more about RKSV Securities Ltd
Type of Broker What is this parameter? Full Service Broker Discount Broker
Supported Exchnage What is this parameter? BSE, NSE BSE, NSE, MCX
Account Type What is this parameter? 3-in-1 Account (I-Secure Plan) Standard 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 RKSV. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  ICICI Securities Pvt Ltd. RKSV Securities Ltd
Trading Account Opening Fees What is this parameter? Rs 975 ₹150
Trading Account AMC What is this parameter? NIL ₹0
Demat Account Opening Fees What is this parameter? NIL ₹150
Demat Account AMC What is this parameter? Rs 600 ₹150
Demat Account is Mandatory? What is this parameter? No No
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Trading Brokerage Charges

Brokerage Plan 1

  ICICI Securities Pvt Ltd. RKSV Securities Ltd
Account Type 3-in-1 Account (I-Secure Plan) Standard Plan
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.55% ₹0
Equity Intraday Brokerage What is this parameter? 0.275% ₹20
Equity Futures Brokerage What is this parameter? 0.05% to 0.03% ₹20
Equity Options Brokerage What is this parameter? Rs 95 to Rs 35 per lot ₹20
Currency Futures Trading Brokerage What is this parameter? 0.050% to 0.030% ₹20
Currency Options Trading Brokerage What is this parameter? Rs 25 to Rs 10 per lot ₹20
Commodity Futures Trading Brokerage What is this parameter? NA ₹20
Commodity Options Trading Brokerage What is this parameter?

Brokerage Plan 2

  ICICI Securities Pvt Ltd. RKSV Securities Ltd
Account Type I-Saver Plan Standard Plan
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.75% to 0.25% ₹0
Equity Intraday Brokerage What is this parameter? 0.75% to 0.25% ₹20
Equity Futures Brokerage What is this parameter? 0.05% to 0.03% ₹20
Equity Options Brokerage What is this parameter? Rs 95 to Rs 65 per lot ₹20
Currency Futures Trading Brokerage What is this parameter? 0.05% to 0.03% ₹20
Currency Options Trading Brokerage What is this parameter? Rs 95 to Rs 65 per lot ₹20
Commodity Futures Trading Brokerage What is this parameter? NA ₹20
Commodity Options Trading Brokerage What is this parameter?

Other Charges

Minimum Brokerage Charges What is this parameter? Rs 35 per trade ₹0
Other Brokerage Charges What is this parameter?
Call & Trade Charges What is this parameter? ₹20 per executed order
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Taxes

  ICICI Securities Pvt Ltd. RKSV Securities Ltd
Securities Transaction Tax (STT) What is this parameter?
  • 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 What is this parameter? Check table below Check table below
SEBI Charges What is this parameter? Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) What is this parameter? 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty What is this parameter? 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. RKSV Securities Ltd
Equity Delivery What is this parameter? NSE: 0.0031% | BSE: 0.0028% NSE ₹325 | BSE ₹275
Equity Intraday What is this parameter? NSE: 0.0031% | BSE: 0.0028% NSE ₹325 | BSE ₹275
Equity Futures What is this parameter? 0.0018% NSE ₹210
Equity Options What is this parameter? 0.05% on Premium NSE ₹5500
Currency Futures What is this parameter? 0.0012% ₹150
Currency Options What is this parameter? 0.05% on Premium ₹6000
Commodity What is this parameter? NA MCX ₹260/Cr
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Exposure

  ICICI Securities Pvt Ltd. RKSV Securities Ltd
Equity Delivery What is this parameter?
Equity Intraday What is this parameter?
Equity Futures What is this parameter?
Equity Options What is this parameter?
Currency Futures What is this parameter?
Currency Options What is this parameter?
Commodity What is this parameter?
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Share Broker Features

  ICICI Securities Pvt Ltd. RKSV Securities Ltd
3 in 1 Account What is this parameter? Yes No
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? No No
SMS Alerts What is this parameter? No No
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? Yes No
Margin Trading Funding Available What is this parameter? No No
Trading Platform What is this parameter? Trade Racer NEST, Upstox
Intraday Square-off Time What is this parameter? 3:15 PM
Other Features What is this parameter?
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Broker Ratings (Average User Rating)

  ICICI Securities Pvt Ltd. RKSV Securities Ltd
  389 Customer Reviews    Rate ICICIDirect 80 Customer Reviews    Rate RKSV
Fees Ratings 2.3 4.1
Trading Brokerage Rating 1.7 4.3
Trading Platform Usability 3.4 3.4
Customer Service Ratings 2.8 3.7
Overall Ratings Rated 2.5 stars Rated 3.7 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 389 customer reviews RKSV is Rated 3.7 / 5 based on 80 customer reviews
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Contact Broker / Request A Call Back

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

  ICICI Securities Pvt Ltd. RKSV Securities Ltd
Stock / Equity What is this parameter? Yes Yes
Commodity What is this parameter? No Yes
Currency What is this parameter? Yes Yes
Initial Public Offers (IPO) What is this parameter? Yes No
Mutual Funds What is this parameter? Yes No
Bond / NCD What is this parameter? Yes No
Debt What is this parameter? Yes No
Other Investment Options What is this parameter?
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Customer Service Offered

  ICICI Securities Pvt Ltd. RKSV Securities Ltd
24/7 Customer Service What is this parameter? No No
Onine Live Chat What is this parameter? No No
Through Branches What is this parameter? Yes No
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Order Type

  ICICI Securities Pvt Ltd. RKSV Securities Ltd
Bracket Order What is this parameter?
Cover Order What is this parameter?
Buy Today Sell Tomorrow (BTST) What is this parameter?
Sell Today Buy Tomorrow (STBT) What is this parameter?
After Market Order(AMO) What is this parameter?
Good Till Cancelled (GTC) What is this parameter?
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Research / Tips / Reports Published

  ICICI Securities Pvt Ltd. RKSV Securities Ltd
Daily Market Report What is this parameter? Yes No
Free Tips What is this parameter? Yes No
Quarterly Result Analysis What is this parameter? Yes No
News Alerts What is this parameter? Yes No
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Suitable for Investor Category

  ICICI Securities Pvt Ltd. RKSV Securities Ltd
Casual Investor What is this parameter? Yes
Active Investor What is this parameter? Yes
Trader What is this parameter? Yes

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Pros, Cons and Other Review Comments

  ICICI Securities Pvt Ltd. RKSV Securities Ltd
Pros What is this parameter?
  • 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. Brokerage free trading in equity delivery trades.
  2. RKSV (Upstox) mobile and web trading app available for free to all customers.
  3. Advance orders including AMO, CO and BO are available.
  4. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all.
  5. AmiBroker connector available for Algo Trading.
  6. Mutual Funds are available for investment.
  7. Higher leverage is available under different brokerage plan.
  8. NRI Trading Account is available.

More Advantages...

Cons What is this parameter?
  • 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...

  • Call and Trade is charged at extra Rs 20 per executed order.
  • High demat debit transaction charge. RKSV charge Rs 13 + Rs 5.50 CDSL while most other brokers charge Rs 8 + Rs 5.50 CDSL charges.
  • Doesn't offer facility to invest in IPO, FPO, Bond and NCD's.
  • Doesn't provide stock tips or recommendations.
  • 3-in-1 accounts are not available as company doesn't provide banking services.
  • 24/7 customer service is not available.
  • No margin funding.
  • Good Till Cancelled orders not available.
  • Unlimited monthly trading plans not available.
  • Additional fee for square off done by the broker.
  • Stock tips, research reports and recommondations are not available.

More Disadvantages...

Reviews What is this parameter? Useful Articles about RKSV:
Promo / Offers What is this parameter?
Enquire about ICICIDirect Enquire about RKSV
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