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ICICIdirect Vs RMoney (Compare ICICIdirect and RMoney)

ICICI Securities Pvt Ltd. Logo

About 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.

Raghunandan Capital Pvt Ltd Logo

About 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... Know more about Raghunandan Capital Pvt Ltd

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ICICIdirect Vs RMoney

Incorporated in 2000, ICICIdirect 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.

  ICICIdirect RMoney
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE BSE, NSE, MCX, NCDEX
Year of Incorporation 2000
Number of Branches 154
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ICICIdirect Vs RMoney Charges & AMC

ICICIdirect trading account opening charges is Rs 0 (Free) while RMoney account opening changes is Rs 199. ICICIdirect Demat Account AMC Charges is Rs 300 (from 2nd year) and RMoney Demat Account AMC Charges is Rs 0 for lifetime (Free).

  ICICIdirect RMoney
Trading Account Opening Charges Rs 0 (Free) Rs 199
Trading Account AMC Charges Rs 0 (Free) Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 300 (from 2nd year) Rs 0 for lifetime (Free)

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ICICIdirect Vs RMoney Brokerage

ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas RMoney brokerage charges for equity is Rs 0 (Free) and intraday is Rs 18 per executed order or .01% whichever is lower.

Account Type ICICIdirect ICICI Neo Plan RMoney Zero Brokerage Plans
Fixed Charges NA NA
Equity Delivery 0.55% Rs 0 (Free)
Equity Intraday Rs 20 per order Rs 18 per executed order or .01% whichever is lower
Equity Futures Rs 0 (Free) Rs 18 per executed order or .01% whichever is lower
Equity Options Rs 20 per order Rs 18 per executed order or .01% whichever is lower
Currency Futures Rs 20 per order Rs 18 per executed order or .01% whichever is lower
Currency Options Rs 20 per order Rs 18 per executed order or .01% whichever is lower
Commodity Futures Rs 20 per order Rs 18 per executed order or .01% whichever is lower
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
Special Offer: RMoney Rs 0 Account Opening Fee + Rs 0 Demat AMC (for Life) + Free Call & Trade Get the offer

ICICIdirect Vs RMoney Brokerage Plan 2

  ICICIdirect RMoney
Account Type I-Secure Plan Happy Service Plan
Fixed Charges NA NA
Equity Delivery 0.55% 0.10% to 0.40%
Equity Intraday 0.275% 0.01% to 0.04%
Equity Futures 0.05% 0.005% to 0.02%
Equity Options Rs 95 per lot Rs 20 to Rs 80 per lot
Currency Futures Rs 20 per order 0.005% to 0.02%
Currency Options Rs 20 per order 0.005% to 0.02%
Commodity Futures Rs 20 per order 0.005% to 0.02%
Commodity Options Rs 20 per order
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ICICIdirect Charges Vs RMoney

Minimum Brokerage Rs 35 per trade (I-Secure Plan) Rs 0
Other Charges Margin Trading Interest: 0.025% Per day Physical contact notes: Rs 20, Trade SMS Alerts: Rs 100 per month per segment
Call & Trade Charges Rs 50 per trade Rs 0 (Unlimited Calls)

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ICICIdirect Vs RMoney Transaction Charges

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

  ICICIdirect RMoney
Equity Delivery NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) NSE Rs 325 per crore | BSE Rs 275 per crore (0.00275%)
Equity Intraday NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) NSE Rs 325 per crore | BSE Rs 275 per crore (0.00275%
Equity Futures Rs 180 per Cr (0.0018%) NSE Rs 250 per crore | BSE Rs 110 per crore (0.0011%)
Equity Options Rs 5000 per Cr (0.05%) (on premium) NSE Rs 7000 per crore (0.07%) | BSE Rs 4500 per crore (0.045%)
Currency Futures Rs 120 per Cr (0.0012%) NSE, BSE - Rs 150 per crore (0.0015%)
Currency Options Rs 5000 per Cr (0.05%) (on premium) NSE, BSE - Rs 7500 (on premium) per crore (0.075%)
Commodity Group A - Rs 260 per Cr (0.0026%) MCX Rs 325 (0.00325%) | NCDEX Rs 600 per Cr(0.006%)
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ICICIdirect Vs RMoney Leverage (Margin)

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

  ICICIdirect RMoney
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 RMoney Features

The trading platforms offered ICICIdirect 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.

  ICICIdirect RMoney
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 No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
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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ICICIdirect Vs RMoney Review

ICICIdirect is rated 2.4 of 5 based on 461 customer reviews whereas RMoney is rated 3.8 of 5 based on 4 customer reviews.

  ICICIdirect RMoney
  461 Customer Reviews    Rate ICICIdirect 4 Customer Reviews    Rate RMoney
Fees 2.2 4.8
Brokerage 1.7 4.5
Trading Platform 3.3 4.0
Customer Service 2.7 4.0
Research Capabilities 2.9 3.0
Overall Ratings Rated 2.4 stars Rated 3.8 stars
Broker Rating ICICIdirect is rated 2.4 of 5 based on 461 customer reviews RMoney is rated 3.8 of 5 based on 4 customer reviews

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Contact Broker / Request A Call Back

  ICICIdirect Enquire RMoney 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 RMoney Rs 0 Account Opening Fee + Rs 0 Demat AMC (for Life) + Free Call & Trade Get the offer

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ICICIdirect Vs RMoney Investment Options

  ICICIdirect RMoney
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 Corporate FD, Life Instance, General Insurance

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ICICIdirect Vs RMoney Order Type Offered

  ICICIdirect RMoney
Bracket Order No Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
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 RMoney Research Report

  ICICIdirect RMoney
Daily Market Report Yes Yes
Free Tips Yes No
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes

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ICICIdirect Vs RMoney Suitable For Investor Type

  ICICIdirect RMoney
Casual Investor Yes Yes
Active Investor Yes
Trader Yes

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ICICIdirect Vs RMoney - Pros and Cons

  ICICIdirect 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.
  1. Offer both discount brokerage as well as full-service brokerage plans.
  2. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment
  3. ODIN trading platform is available free of cost to all customers.
  4. Unlimited free Call & Trades.
  5. Local branches in major cities across North India.
  6. Free tips, research and news alerts.
  7. Online paperless instant account opening.
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. Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month.
  2. 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.
  3. Margin funding is not available.
  4. GTC/GTD not available in Equity.
  5. NRI Account is not available.
Reviews Useful Articles:
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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

Interested in opening a trading account? Open Instant Account Now

Lifetime FREE AMC Demat Account + Free Call & Trade

Get free lifetime free AMC demat account and pay flat Rs 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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