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.
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ICICI Securities Pvt Ltd. |
Raghunandan Capital Pvt Ltd |
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| 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
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Full Service Broker |
Discount Broker |
| Supported Exchnage
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BSE, NSE |
BSE, NSE, MCX, NCDEX |
| Account Type
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3-in-1 Account (I-Secure Plan) |
Zero Brokerage Plans |
| Broker Enquiry |
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Stock Broker Fees / Charges
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ICICI Securities Pvt Ltd. |
Raghunandan Capital Pvt Ltd |
| Trading Account Opening Fees
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Rs 975 |
₹0 (Free) |
| Trading Account AMC
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NIL |
₹0 (Free) |
| Demat Account Opening Fees
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NIL |
₹0 (Free) |
| Demat Account AMC
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Rs 600 |
₹0 for lifetime (Free) |
| Demat Account is Mandatory?
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No |
No |
Trading Brokerage Charges
Brokerage Plan 1
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ICICI Securities Pvt Ltd. |
Raghunandan Capital Pvt Ltd |
| Account Type |
3-in-1 Account (I-Secure Plan) |
Zero Brokerage Plans |
| Fixed Charges
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| Equity Delivery Brokerage
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0.55% |
₹0 (Free) |
| Equity Intraday Brokerage
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0.275% |
₹18 per executed order or .01% whichever is lower |
| Equity Futures Brokerage
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0.05% to 0.03% |
₹18 per executed order or .01% whichever is lower |
| Equity Options Brokerage
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Rs 95 to Rs 35 per lot |
₹18 per executed order or .01% whichever is lower |
| Currency Futures Trading Brokerage
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0.050% to 0.030% |
₹18 per executed order or .01% whichever is lower |
| Currency Options Trading Brokerage
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Rs 25 to Rs 10 per lot |
₹18 per executed order or .01% whichever is lower |
| Commodity Futures Trading Brokerage
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NA |
₹18 per executed order or .01% whichever is lower |
| Commodity Options Trading Brokerage
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Brokerage Plan 2
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ICICI Securities Pvt Ltd. |
Raghunandan Capital Pvt Ltd |
| Account Type |
I-Saver Plan |
Happy Service Plan |
| Fixed Charges
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NA |
| Equity Delivery Brokerage
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0.75% to 0.25% |
0.10% to 0.40% |
| Equity Intraday Brokerage
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0.75% to 0.25% |
0.01% to 0.04% |
| Equity Futures Brokerage
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0.05% to 0.03% |
0.005% to 0.02% |
| Equity Options Brokerage
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Rs 95 to Rs 65 per lot |
₹20 to ₹80 per lot |
| Currency Futures Trading Brokerage
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0.05% to 0.03% |
0.005% to 0.02% |
| Currency Options Trading Brokerage
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Rs 95 to Rs 65 per lot |
0.005% to 0.02% |
| Commodity Futures Trading Brokerage
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NA |
0.005% to 0.02% |
| Commodity Options Trading Brokerage
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Other Charges
| Minimum Brokerage Charges
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Rs 35 per trade |
₹0 |
| Other Brokerage Charges
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Physical contact notes: ₹20, Trade SMS Alerts: ₹100 per month per segment |
| Call & Trade Charges
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₹0 (Unlimited Calls) |
Taxes
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ICICI Securities Pvt Ltd. |
Raghunandan Capital Pvt Ltd |
| Securities Transaction Tax (STT)
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- 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)
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- 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)
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| Exchange Transaction Charges
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Check table below |
Check table below |
| SEBI Charges
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Rs 15 per Crore |
Rs 15 per Crore |
| Goods and Services Tax (GST)
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18% on (brokerage + transaction charges) |
18% on (brokerage + transaction charges) |
| Stamp Duty
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Charged as per the state of the client's correspondence address. |
Charged as per the state of the client's correspondence address. |
Transaction Charges
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ICICI Securities Pvt Ltd. |
Raghunandan Capital Pvt Ltd |
| Equity Delivery
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NSE: 0.0031% | BSE: 0.0028% |
NSE ₹325 per crore | BSE ₹275 per crore (0.00275%) |
| Equity Intraday
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NSE: 0.0031% | BSE: 0.0028% |
NSE ₹325 per crore | BSE ₹275 per crore (0.00275% |
| Equity Futures
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0.0018% |
NSE ₹250 per crore | BSE ₹110 per crore (0.0011%) |
| Equity Options
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0.05% on Premium |
NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%) |
| Currency Futures
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0.0012% |
NSE, BSE - ₹150 per crore (0.0015%) |
| Currency Options
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0.05% on Premium |
NSE, BSE - ₹7500 (on premium) per crore (0.075%) |
| Commodity
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NA |
MCX ₹325 (0.00325%) | NCDEX ₹600 per Cr(0.006%) |
Exposure
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ICICI Securities Pvt Ltd. |
Raghunandan Capital Pvt Ltd |
| Equity Delivery
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Zero Brokerage Plan: 1x | Happy Service Plan: 3x (balance on T+5) |
| Equity Intraday
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20x (5%) (Intraday Only) |
| Equity Futures
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Stock Intraday 40x (2.5%), Index Intraday: 67x (1.5%) |
| Equity Options
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Stock Sell Intraday 40x (2.5%), Index Sell Intraday 67x (1.5%), Buy: No margin |
| Currency Futures
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Intraday - 100X (1%) |
| Currency Options
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Intraday - 100X (1%) |
| Commodity
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Intraday - 77X (1.3%) |
Share Broker Features
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ICICI Securities Pvt Ltd. |
Raghunandan Capital Pvt Ltd |
| 3 in 1 Account
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| Charting
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| Automated Trading
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| SMS Alerts
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| Online Demo
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| Online Portfolio
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| Margin Trading Funding Available
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| Trading Platform
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Trade Racer |
RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications) |
| Intraday Square-off Time
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Equity 3:15 PM |
| Other Features
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Broker Ratings (Average User Rating)
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ICICI Securities Pvt Ltd. |
Raghunandan Capital Pvt Ltd |
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389 Customer Reviews  |
3 Customer Reviews |
| Fees Ratings |
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| Trading Brokerage Rating |
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| Trading Platform Usability |
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| Customer Service Ratings |
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| Overall Ratings |
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| Broker Rating |
ICICIDirect is Rated 2.5 / 5 based on 389 customer reviews |
RMoney is Rated 4.0 / 5 based on 3 customer reviews |
Contact Broker / Request A Call Back
Investment Options Available
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ICICI Securities Pvt Ltd. |
Raghunandan Capital Pvt Ltd |
| Stock / Equity
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| Commodity
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| Currency
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| Initial Public Offers (IPO)
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| Mutual Funds
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| Bond / NCD
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| Debt
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| Other Investment Options
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Corporate FD, Life Instance, General Insurance |
Customer Service Offered
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ICICI Securities Pvt Ltd. |
Raghunandan Capital Pvt Ltd |
| 24/7 Customer Service
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| Onine Live Chat
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| Through Branches
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Order Type
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ICICI Securities Pvt Ltd. |
Raghunandan Capital Pvt Ltd |
| Bracket Order
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| Cover Order
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| Buy Today Sell Tomorrow (BTST)
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| Sell Today Buy Tomorrow (STBT)
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| After Market Order(AMO)
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| Good Till Cancelled (GTC)
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Research / Tips / Reports Published
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ICICI Securities Pvt Ltd. |
Raghunandan Capital Pvt Ltd |
| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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Suitable for Investor Category
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ICICI Securities Pvt Ltd. |
Raghunandan Capital Pvt Ltd |
| Casual Investor
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| Active Investor
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| Trader
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Pros, Cons and Other Review Comments
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ICICI Securities Pvt Ltd. |
Raghunandan Capital Pvt Ltd |
| Pros
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- 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
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- 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
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Useful Articles:
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| Promo / Offers
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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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Enquire about ICICIDirect
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Zerodha
Zero Account Opening Fee