ICICI Direct Vs RMoney (Compare ICICI Direct and RMoney)

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
Exchnage Membership	BSE, NSE	BSE, NSE, MCX, NCDEX
Year of Incorporation	2000
Number of Branches	154
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ICICI Direct Vs RMoney Charges & AMC

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

	ICICI Direct	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)

ICICI Direct Vs RMoney Brokerage

ICICI Direct 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.

	ICICI Direct	RMoney
Account Type	ICICI Neo Plan	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

ICICI Direct Vs RMoney Brokerage Plan 2

	ICICI Direct	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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ICICI Direct 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)

ICICI Direct Vs RMoney Transaction Charges

ICICI Direct 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%).

	ICICI Direct	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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ICICI Direct Vs RMoney Leverage (Margin)

ICICI Direct margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the RMoney margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	ICICI Direct	RMoney
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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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
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 450 customer reviews whereas RMoney is rated 3.8 of 5 based on 4 customer reviews.

	ICICI Direct	RMoney
	450 Customer Reviews	4 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICI Direct is rated 2.4 of 5 based on 450 customer reviews	RMoney is rated 3.8 of 5 based on 4 customer reviews

ICICI Direct Vs RMoney Investment Options

	ICICI Direct	RMoney
Stock / Equity
Commodity
Currency
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 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.	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	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 (Intraday and F&O) 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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