ICICI Direct Vs SAS Online (Compare ICICI Direct and SAS Online)

ICICI Direct Vs SAS Online

Incorporated in 2000, ICICI Direct is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 2013, SAS Online is a Discount Broker. It offers trading at NSE, BSE and MCX. It has 1 branches across India.

	ICICI Direct	SAS Online
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE	NSE, BSE and MCX
Year of Incorporation	2000	2013
Number of Branches	154	1
	Open ICICI Direct Account	Open SAS Online Account

ICICI Direct Vs SAS Online Charges & AMC

ICICI Direct trading account opening charges is Rs 0 (Free) while SAS Online account opening changes is Rs 200. ICICI Direct Demat Account AMC Charges is Rs 300 (from 2nd year) and SAS Online Demat Account AMC Charges is Rs 200.

	ICICI Direct	SAS Online
Trading Account Opening Charges	Rs 0 (Free)	Rs 200
Trading Account AMC Charges	Rs 0 (Free)	Rs 0
Demat Account Opening Charges	Rs 0 (Free)	Rs 200
Demat Account AMC Charges	Rs 300 (from 2nd year)	Rs 200

ICICI Direct Vs SAS Online Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas SAS Online brokerage charges for equity is Rs 0 and intraday is Rs 0.

	ICICI Direct	SAS Online
Account Type	ICICI Neo Plan	Rs 999 Equity Plan - Unlimited Trading
Fixed Charges	NA	Rs 999
Equity Delivery	0.55%	Rs 0
Equity Intraday	Rs 20 per order	Rs 0
Equity Futures	Rs 0 (Free)	Rs 0
Equity Options	Rs 20 per order	Rs 0
Currency Futures	Rs 20 per order	NA
Currency Options	Rs 20 per order	NA
Commodity Futures	Rs 20 per order	NA
Commodity Options	Rs 20 per order	NA
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: Pay Rs 999 per month for unlimited trading or flat Rs 9 per Trade. Open Instant Demat Account and start trading today.

ICICI Direct Vs SAS Online Brokerage Plan 2

	ICICI Direct	SAS Online
Account Type	I-Secure Plan	Rs 999 MCX Plan - Unlimited Trading
Fixed Charges	NA	Rs 999
Equity Delivery	0.55%	NA
Equity Intraday	0.275%	NA
Equity Futures	0.05%	NA
Equity Options	Rs 95 per lot	NA
Currency Futures	Rs 20 per order	NA
Currency Options	Rs 20 per order	NA
Commodity Futures	Rs 20 per order	Rs 0
Commodity Options	Rs 20 per order	Rs 0
	Open ICICI Direct Account	Open SAS Online Account

ICICI Direct Vs SAS Online Brokerage Plan 3

	ICICI Direct	SAS Online
Account Type	ICICI Neo Plan	Flat Fee Plan
Fixed Charges	NA	Rs 999
Equity Delivery	0.55%	Rs 9 per executed order
Equity Intraday	Rs 20 per order	Rs 9 per executed order
Equity Futures	Rs 0 (Free)	Rs 9 per executed order
Equity Options	Rs 20 per order	Rs 9 per executed order
Currency Futures	Rs 20 per order	Rs 9 per executed order
Currency Options	Rs 20 per order	Rs 9 per executed order
Commodity Futures	Rs 20 per order	NA
Commodity Options	Rs 20 per order	NA
	Open ICICI Direct Account	Open SAS Online Account

ICICI Direct Charges Vs SAS Online

Minimum Brokerage	Rs 35 per trade (I-Secure Plan)	Rs 0
Other Charges	Margin Trading Interest: 0.025% Per day	0.01% or Rs 9 per executed order, whichever is lower
Call & Trade Charges	Rs 50 per trade	Rs 20 per trader

ICICI Direct Vs SAS Online Transaction Charges

ICICI Direct transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while SAS Online exchange transaction charges for options is 0.055% (Rs 5500/crore) on premium.

	ICICI Direct	SAS Online
Equity Delivery	NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)	0.00325% (Rs 325/crore)
Equity Intraday	NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)	0.00325% (Rs 325/crore)
Equity Futures	Rs 180 per Cr (0.0018%)	0.0022% (Rs 220/crore)
Equity Options	Rs 5000 per Cr (0.05%) (on premium)	0.055% (Rs 5500/crore) on premium
Currency Futures	Rs 120 per Cr (0.0012%)	0.0012% (Rs 120/crore)
Currency Options	Rs 5000 per Cr (0.05%) (on premium)	0.045% (Rs 4500/crore) on premium
Commodity	Group A - Rs 260 per Cr (0.0026%)	Non-Agri: 0.0036% (Rs 360/crore)
	Open ICICI Direct Account	Open SAS Online Account

ICICI Direct Vs SAS Online 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 SAS Online 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	SAS Online
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)
	Open ICICI Direct Account	Open SAS Online Account

Compare ICICI Direct and SAS Online Features

The trading platforms offered ICICI Direct include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. SAS Online offers ALPHA Web, ALPHA Trader and ALPHA Mobile (Omnesys NEST) trading software.

	ICICI Direct	SAS Online
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	ALPHA Web, ALPHA Trader and ALPHA Mobile (Omnesys NEST)
Intraday Square-off Time	3:30 PM
Other Features	Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Referral Program
	Open ICICI Direct Account	Open SAS Online Account

ICICI Direct Vs SAS Online Review

ICICI Direct is rated 2.4 of 5 based on 449 customer reviews whereas SAS Online is rated 4.1 of 5 based on 74 customer reviews.

	ICICI Direct	SAS Online
	449 Customer Reviews	74 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICI Direct is rated 2.4 of 5 based on 449 customer reviews	SAS Online is rated 4.1 of 5 based on 74 customer reviews

ICICI Direct Vs SAS Online Investment Options

	ICICI Direct	SAS Online
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

ICICI Direct Vs SAS Online Order Type Offered

	ICICI Direct	SAS Online
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
	Open ICICI Direct Account	Open SAS Online Account

ICICI Direct Vs SAS Online Research Report

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

ICICI Direct Vs SAS Online Suitable For Investor Type

	ICICI Direct	SAS Online
Casual Investor
Active Investor
Trader

ICICI Direct Vs SAS Online - Pros and Cons

	ICICI Direct	SAS Online
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.	Discount stock broker with flat rate and fixed monthly unlimited trading plans. Monthly unlimited trading plans available for trading at NSE, BSE and MCX. Software's including web, mobile and installable trading terminals are available for free.
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.	Call and Trade is charged at extra Rs 20 order. Doesn't provide stock research, tips or recommendations. Doesn't provide option to invest in IPO, FPO, Mutual Funds, Offer For Sale (OFS), Bond and NCD's. Good Till Cancelled (GTC) is only available in Commodities. GTC is not available in Equity.
Reviews
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	Unlimited Monthly Trading @ Rs 999 Trade unlimited for just Rs 999 per month or flat Rs 9 per trade + Get margin against your shares + API for alog trading. This is a limited-time offer. Open Instant Demat Account and start trading today.
	Open ICICI Direct Account	Open SAS Online Account