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ICICIDirect Vs RMoney Share Broker Comparison

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

	ICICI Securities Pvt Ltd.	Raghunandan Capital Pvt Ltd
	ICICIDirect Review FAQs Brokerage Demat Acct Mobile App Account Opening Branches IPO	RMoney Review FAQs Brokerage Demat Acct Mobile App Account Opening Branches IPO

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...	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...
Type of Broker	Full Service Broker	Discount Broker
Supported Exchnage	BSE, NSE	BSE, NSE, MCX, NCDEX
Account Type	3-in-1 Account (I-Secure Plan)	Zero Brokerage Plans
Broker Enquiry

Stock Broker Fees / Charges

	ICICI Securities Pvt Ltd.	Raghunandan Capital Pvt Ltd
Trading Account Opening Fees	₹975	₹0 (Free)
Trading Account AMC	₹0	₹0 (Free)
Demat Account Opening Fees	₹0	₹0 (Free)
Demat Account AMC	₹600	₹0 for lifetime (Free)
Demat Account is Mandatory?	No	No

Trading Brokerage Charges

Brokerage Plan 1

	ICICI Securities Pvt Ltd.	Raghunandan Capital Pvt Ltd
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

Brokerage Plan 2

	ICICI Securities Pvt Ltd.	Raghunandan Capital Pvt Ltd
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	₹95 to ₹65 per lot	0.005% to 0.02%
Commodity Futures Trading Brokerage	NA	0.005% to 0.02%
Commodity Options Trading Brokerage

Other Charges

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)

Taxes

	ICICI Securities Pvt Ltd.	Raghunandan Capital Pvt Ltd
Securities Transaction Tax (STT)	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	Check table below	Check table below
SEBI Charges	Rs 15 per Crore	Rs 15 per Crore
Goods and Services Tax (GST)	18% on (brokerage + transaction charges)	18% on (brokerage + transaction charges)
Stamp Duty	Charged as per the state of the client's correspondence address.	Charged as per the state of the client's correspondence address.

Transaction Charges

	ICICI Securities Pvt Ltd.	Raghunandan Capital Pvt Ltd
Equity Delivery	NSE: 0.0031% \| BSE: 0.0028%	NSE ₹325 per crore \| BSE ₹275 per crore (0.00275%)
Equity Intraday	NSE: 0.0031% \| BSE: 0.0028%	NSE ₹325 per crore \| BSE ₹275 per crore (0.00275%
Equity Futures	0.0018%	NSE ₹250 per crore \| BSE ₹110 per crore (0.0011%)
Equity Options	0.05% on Premium	NSE ₹7000 per crore (0.07%) \| BSE ₹4500 per crore (0.045%)
Currency Futures	0.0012%	NSE, BSE - ₹150 per crore (0.0015%)
Currency Options	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%)

Exposure

	ICICI Securities Pvt Ltd.	Raghunandan Capital Pvt Ltd
Equity Delivery		Zero Brokerage Plan: 1x \| Happy Service Plan: 3x (balance on T+5)
Equity Intraday		20x (5%) (Intraday Only)
Equity Futures		Stock Intraday 40x (2.5%), Index Intraday: 67x (1.5%)
Equity Options		Stock Sell Intraday 40x (2.5%), Index Sell Intraday 67x (1.5%), Buy: No margin
Currency Futures		Intraday - 100X (1%)
Currency Options		Intraday - 100X (1%)
Commodity		Intraday - 77X (1.3%)

Share Broker Features

	ICICI Securities Pvt Ltd.	Raghunandan Capital Pvt Ltd
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

Broker Ratings (Average User Rating)

	ICICI Securities Pvt Ltd.	Raghunandan Capital Pvt Ltd
	395 Customer Reviews	3 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating	ICICIDirect is Rated 2.5 / 5 based on 395 customer reviews	RMoney is Rated 4.0 / 5 based on 3 customer reviews

Contact Broker / Request A Call Back

	ICICI Securities Pvt Ltd.	Raghunandan Capital Pvt Ltd
Contact / Request Call Back	Name Phone Number Email City Name State Are you a day trader?

Investment Options Available

	ICICI Securities Pvt Ltd.	Raghunandan Capital Pvt Ltd
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

Customer Service Offered

	ICICI Securities Pvt Ltd.	Raghunandan Capital Pvt Ltd
24/7 Customer Service
Onine Live Chat
Through Branches

Order Type

	ICICI Securities Pvt Ltd.	Raghunandan Capital Pvt Ltd
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)

Research / Tips / Reports Published

	ICICI Securities Pvt Ltd.	Raghunandan Capital Pvt Ltd
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Suitable for Investor Category

	ICICI Securities Pvt Ltd.	Raghunandan Capital Pvt Ltd
Casual Investor
Active Investor
Trader

Pros, Cons and Other Review Comments

	ICICI Securities Pvt Ltd.	Raghunandan Capital Pvt Ltd
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...	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. More Advantages...
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. 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...	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. More Disadvantages...
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.
	Enquire about ICICIDirect
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