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ICICIdirect Vs SBI Securities (Compare ICICIdirect and SBI Securities)

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 Tradin... Know more about ICICI Securities Pvt Ltd.

ICICIdirect Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs
SBICAP Securities Ltd Logo

About SBI Securities
SBICAP Securities Ltd (SSL) is the stock broking arm of the State Bank Group and a 100% subsidiary of SBI Capital Markets Ltd. SSL is a full-service stock broker. Founded in 2006, the company's services include Institution Equity, Retail Equity, Derivatives, Broking, Depository services and Third Party Distribution products. They also provide online trading services to investors & traders. SBI Smart is the flagship trading platform of the company. The portal allows both Resident Indians and N... Know more about SBICAP Securities Ltd

SBI Securities Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs
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ICICIdirect Vs SBI Securities

Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 2001, SBI Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 117 branches across India.

  ICICIdirect SBI Securities
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE BSE, NSE
Year of Incorporation 2000 2001
Number of Branches 154 117
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ICICIdirect Vs SBI Securities Charges & AMC

ICICIdirect trading account opening charges is Rs 0 (Free) while SBI Securities account opening changes is Rs 850. ICICIdirect Demat Account AMC Charges is Rs 300 (from 2nd year) and SBI Securities Demat Account AMC Charges is Rs 350.

  ICICIdirect SBI Securities
Trading Account Opening Charges Rs 0 (Free) Rs 850
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 300 (from 2nd year) Rs 350
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ICICIdirect Vs SBI Securities Brokerage

ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas SBI Securities brokerage charges for equity is 0.50% and intraday is 0.05%.

Account Type ICICIdirect ICICI Neo Plan SBI Securities eZ-trade
Fixed Charges NA
Equity Delivery 0.55% 0.50%
Equity Intraday Rs 20 per order 0.05%
Equity Futures Rs 0 (Free) 0.05%
Equity Options Rs 20 per order Rs 100 per lot
Currency Futures Rs 20 per order 0.03%
Currency Options Rs 20 per order Rs 30 per lot
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 5 minutes from sell orders + Free trading tips. Open Instant Account Now

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

ICICIdirect Vs SBI Securities Brokerage Plan 2

  ICICIdirect SBI Securities
Account Type I-Secure Plan eZ-trade
Fixed Charges NA
Equity Delivery 0.55% 0.50%
Equity Intraday 0.275% 0.05%
Equity Futures 0.05% 0.05%
Equity Options Rs 95 per lot Rs 100 per lot
Currency Futures Rs 20 per order 0.03%
Currency Options Rs 20 per order Rs 30 per lot
Commodity Futures Rs 20 per order NA
Commodity Options Rs 20 per order NA
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ICICIdirect Charges Vs SBI Securities

Minimum Brokerage Rs 35 per trade (I-Secure Plan) Rs 0.05 for Cash, Rs 0.01 Future
Other Charges Margin Trading Interest: 0.025% Per day
Call & Trade Charges Rs 50 per trade Rs 10 per call (after 30 free calls a month)
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ICICIdirect Vs SBI Securities Transaction Charges

ICICIdirect transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium) while SBI Securities exchange transaction charges for options is NSE: 0.05515% (Rs 5515/Crore).

  ICICIdirect SBI Securities
Equity Delivery NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) NSE: 0.00386% | BSE: 0.00384%
Equity Intraday NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) NSE: 0.00386% | BSE: 0.00384%
Equity Futures NSE Rs 200 per Cr (0.002%) NSE: 0.002206% (Rs 221/Crore)
Equity Options NSE Rs 5300 per Cr (0.053%) (on premium) NSE: 0.05515% (Rs 5515/Crore)
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%) 0.002206%
Currency Options NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium) NSE: 0.05515% (Rs 5515/Crore)
Commodity Group A - Rs 260 per Cr (0.0026%)
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ICICIdirect Vs SBI Securities Leverage (Margin)

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

  ICICIdirect SBI Securities
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 SBI Securities Features

The trading platforms offered ICICIdirect include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. SBI Securities offers SBI Smart Express, SBI Smart Web, SBI Smart Mobile trading software.

  ICICIdirect SBI Securities
3 in 1 Account Yes Yes
Charting Yes No
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
Margin Against Shares (Equity F&O) Yes
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App SBI Smart Express, SBI Smart Web, SBI Smart Mobile
Intraday Square-off Time 3:30 PM 2:45 PM
Trading In SME Shares Allowed?
Referral Program
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader
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ICICIdirect Vs SBI Securities Review

ICICIdirect is rated 2.4 of 5 based on 465 customer reviews whereas SBI Securities is rated 2.5 of 5 based on 156 customer reviews.

  ICICIdirect SBI Securities
  465 Customer Reviews    Rate ICICIdirect 156 Customer Reviews    Rate SBI Securities
Fees 2.2 3.1
Brokerage 1.7 2.7
Trading Platform 3.3 2.6
Customer Service 2.7 2.7
Research Capabilities 2.8 2.2
Overall Ratings Rated 2.4 stars Rated 2.5 stars
Broker Rating ICICIdirect is rated 2.4 of 5 based on 465 customer reviews SBI Securities is rated 2.5 of 5 based on 156 customer reviews
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Contact Broker / Request A Call Back

  ICICIdirect Enquire SBI Securities Enquire
Contact Broker ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 5 minutes from sell orders + Free trading tips. Open Instant Account Now Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
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ICICIdirect Vs SBI Securities Investment Options

  ICICIdirect SBI Securities
Stock / Equity Yes Yes
Commodity Yes No
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
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ICICIdirect Vs SBI Securities Order Type Offered

  ICICIdirect SBI Securities
Bracket Order No No
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) No No
Good Till Cancelled (GTC) Yes No
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ICICIdirect Vs SBI Securities Research Report

  ICICIdirect SBI Securities
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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ICICIdirect Vs SBI Securities Suitable For Investor Type

  ICICIdirect SBI Securities
Casual Investor Yes Yes
Active Investor
Trader
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ICICIdirect Vs SBI Securities - Pros and Cons

  ICICIdirect SBI Securities
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 3-in-1 account for seamless transactions.
  • Full-service broker offering services online as well as through branches.
  • Wide range of investment options.
  • Free research reports are available.
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.
  • Installable Trading Terminal (exe) is not available for frequent traders.
  • Good Till Cancelled (GTC) orders are not available.
  • Very high brokerage.
  • Commodity (MCX) trading is not available.
Reviews
Promo / Offers

ICICIdirect Special Offer

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 5 minutes of selling stocks

Interested in opening a trading account? Open Instant Account Now

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews
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