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ICICI Direct Vs RMoney (Compare ICICI Direct and RMoney)

The side-by-side comparison of ICICI Direct and RMoney. Compare ICICI Direct Vs RMoney brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best ICICI Direct vs RMoney?

ICICI Direct
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 Group, India's top financial service provider offering banking and other financial services. ICICI Securities offers 'online trading and investment' services to over 20 lakhs customers through ICICI Direct (ICICIDirect.com). ICICIDirect.com is the flags...

RMoney
Incorporated in 2004, Raghunandan Money (RMoney) is Agra based financial service provider. The company offers a range of financial products. This including Online Stock & Commodity Broking, Mutual Funds, IPO, Insurance (Life & General), Bonds and Corporate FDR's. Raghunandan Money is a member of NSE, BSE, MCX, NCDEX, and CDSL. The company is among the top 5 commodity brokers in India. It contributes over 8% of NCDEX daily turnover and over 4% of MCX turnover. It has a strong presence in...

ICICI Direct Vs RMoney

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

	ICICI Direct	RMoney
Type of Broker	Full Service Broker	Discount Broker
Supported Exchnages	BSE, NSE	BSE, NSE, MCX, NCDEX
Account Type	3-in-1 Account (I-Secure Plan)	Zero Brokerage Plans
Year of Incorporation	2000
Number of Branches	154
Broker Enquiry
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ICICI Direct Vs RMoney Charges & AMC

ICICI Direct trading account opening charges is ₹975 while RMoney account opening changes is ₹199. ICICI Direct Demat Account AMC Charges is ₹700 and RMoney Demat Account AMC Charges is ₹0 for lifetime (Free).

	ICICI Direct	RMoney
Trading Account Opening Charges	₹975	₹199
Trading Account AMC Charges	₹0	₹0 (Free)
Demat Account Opening Charges	₹0	₹0 (Free)
Demat Account AMC Charges	₹700	₹0 for lifetime (Free)

ICICI Direct Vs RMoney Brokerage Charges & Plans

ICICI Direct Vs RMoney Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is 0.275% whereas RMoney brokerage charges for equity is ₹0 (Free) and intraday is ₹18 per executed order or .01% whichever is lower.

	ICICI Direct	RMoney
Account Type	3-in-1 Account (I-Secure Plan)	Zero Brokerage Plans
Fixed Charges
Equity Delivery Brokerage	0.55%	₹0 (Free)
Equity Intraday Brokerage	0.275%	₹18 per executed order or .01% whichever is lower
Equity Futures Brokerage	0.05% to 0.03%	₹18 per executed order or .01% whichever is lower
Equity Options Brokerage	₹95 to ₹35 per lot	₹18 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage	0.050% to 0.030%	₹18 per executed order or .01% whichever is lower
Currency Options Trading Brokerage	₹25 to ₹10 per lot	₹18 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage	NA	₹18 per executed order or .01% whichever is lower
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.	Special Offer: RMoney ₹0 Account Opening Fee + ₹0 Demat AMC (for Life) + Free Call & Trade Get the offer

ICICI Direct Vs RMoney Brokerage Plan 2

	ICICI Direct	RMoney
Account Type	I-Saver Plan	Happy Service Plan
Fixed Charges		NA
Equity Delivery Brokerage	0.75% to 0.25%	0.10% to 0.40%
Equity Intraday Brokerage	0.75% to 0.25%	0.01% to 0.04%
Equity Futures Brokerage	0.05% to 0.03%	0.005% to 0.02%
Equity Options Brokerage	₹95 to ₹65 per lot	₹20 to ₹80 per lot
Currency Futures Trading Brokerage	0.05% to 0.03%	0.005% to 0.02%
Currency Options Trading Brokerage	0.25 to ₹65 per lot	0.005% to 0.02%
Commodity Futures Trading Brokerage	NA	0.005% to 0.02%
Commodity Options Trading Brokerage	NA
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ICICI Direct Vs RMoney Brokerage Plan 3

	ICICI Direct	RMoney
Account Type	ICICIdirect Prime Plan	Zero Brokerage Plans
Fixed Charges	₹900	NA
Equity Delivery Brokerage	0.25%	₹0 (Free)
Equity Intraday Brokerage	0.25%	₹18 per executed order or .01% whichever is lower
Equity Futures Brokerage	0.025%	₹18 per executed order or .01% whichever is lower
Equity Options Brokerage	₹35	₹18 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage	₹0	₹18 per executed order or .01% whichever is lower
Currency Options Trading Brokerage	₹0	₹18 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage	NA	₹18 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage	NA
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ICICI Direct Charges Vs RMoney

Minimum Brokerage Charges	₹35 per trade	₹0
Other Brokerage Charges		Physical contact notes: ₹20, Trade SMS Alerts: ₹100 per month per segment
Call & Trade Charges	₹25 per call after first 20 free calls per month	₹0 (Unlimited Calls)

ICICI Direct Vs RMoney Transaction Charges

ICICI Direct transaction charges for options is ₹5000 per Cr (0.05%) (on premium) while RMoney exchange transaction charges for options is NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%).

	ICICI Direct	RMoney
Equity Delivery	NSE ₹310 per Cr (0.0031%) \| BSE ₹280 per Cr (0.0028%) (each side)	NSE ₹325 per crore \| BSE ₹275 per crore (0.00275%)
Equity Intraday	NSE ₹310 per Cr (0.0031%) \| BSE ₹280 per Cr (0.0028%) (each side)	NSE ₹325 per crore \| BSE ₹275 per crore (0.00275%
Equity Futures	₹180 per Cr (0.0018%)	NSE ₹250 per crore \| BSE ₹110 per crore (0.0011%)
Equity Options	₹5000 per Cr (0.05%) (on premium)	NSE ₹7000 per crore (0.07%) \| BSE ₹4500 per crore (0.045%)
Currency Futures	₹120 per Cr (0.0012%)	NSE, BSE - ₹150 per crore (0.0015%)
Currency Options	₹5000 per Cr (0.05%) (on premium)	NSE, BSE - ₹7500 (on premium) per crore (0.075%)
Commodity	NA	MCX ₹325 (0.00325%) \| NCDEX ₹600 per Cr(0.006%)
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ICICI Direct Vs RMoney Leverage (Margin)

ICICI Direct provides the margin of Upto 25x for intraday trades whereas the RMoney margin for intraday cash is 20x (5%) (Intraday Only).

	ICICI Direct	RMoney
Equity Delivery	5x with Interest	Zero Brokerage Plan: 1x \| Happy Service Plan: 3x (balance on T+5)
Equity Intraday	Upto 25x	20x (5%) (Intraday Only)
Equity Futures	4x	Stock Intraday 40x (2.5%), Index Intraday: 67x (1.5%)
Equity Options	2x for shorting	Stock Sell Intraday 40x (2.5%), Index Sell Intraday 67x (1.5%), Buy: No margin
Currency Futures	NA	Intraday - 100X (1%)
Currency Options	NA	Intraday - 100X (1%)
Commodity Futures	NA	Intraday - 77X (1.3%)
Commodity Options
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Compare ICICI Direct and RMoney Features

The trading platforms offered ICICI Direct include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. RMoney offers RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications) trading software.

	ICICI Direct	RMoney
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	RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications)
Intraday Square-off Time	3:30 PM	Equity 3:15 PM
Other Features	Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Referral Program
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ICICI Direct Vs RMoney Review

ICICI Direct is rated 2.4 of 5 based on 422 customer reviews whereas RMoney is rated 4.0 of 5 based on 3 customer reviews.

	ICICI Direct	RMoney
	422 Customer Reviews	3 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 422 customer reviews	RMoney is rated 4.0 of 5 based on 3 customer reviews

Contact Broker / Request A Call Back

	ICICI Direct Enquire	RMoney 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. Name Phone # Email City Name State Are you a day trader?	RMoney ₹0 Account Opening Fee + ₹0 Demat AMC (for Life) + Free Call & Trade Get the offer Name Phone # Email City Name State Are you a day trader?

ICICI Direct Vs RMoney Investment Options

	ICICI Direct	RMoney
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	Corporate FD, Life Instance, General Insurance

ICICI Direct Vs RMoney Order Type Offered

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

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

ICICI Direct Vs RMoney Suitable For Investor Type

	ICICI Direct	RMoney
Casual Investor
Active Investor
Trader

ICICI Direct Vs RMoney - Pros and Cons

	ICICI Direct	RMoney
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.	Offer both discount brokerage as well as full-service brokerage plans. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment ODIN trading platform is available free of cost to all customers. Unlimited free Call & Trades. Local branches in major cities across North India. Free tips, research and news alerts. Online paperless instant account opening.
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.	Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month. RMoney QUICK Mobile Trading app is under active development. The app has performance and stability issues. App also missing key features which are part of competitor's trading app. Margin funding is not available. GTC/GTD not available in Equity. NRI Account is not available.
Reviews		Useful Articles: Flat Fee Stock Trading Broker in India
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.	Lifetime FREE AMC Demat Account + Free Call & Trade Get free lifetime free AMC demat account and pay flat ₹18 brokerage. In addition, get free account opening and free call & trade. To open an account, simply leave your contact information and RMoney representatives will call you.
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