ICICI Direct Vs Sharekhan (Compare ICICI Direct and Sharekhan)


ICICI Direct
ICICI Direct 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. ICICI Direct's most popular service is its 3-in-1 account, which includes ICICI Bank Account, ICICI ... Know more about ICICI Securities Pvt Ltd.


Sharekhan
Incorporated in February 2000, Sharekhan is India's 3rd largest stock broker (after ICICI Direct and HDFC Securities). Sharekhan provides brokerage services through its online trading website Sharekhan.com and 1800 offices which includes branches & franchises in over 550 cities across India. Sharekhan has seen incredible growth over last 10+ years though it's very successful online trading platform and the chain of franchises located in almost every part of India. Sharekhan also has internationa... Know more about Sharekhan

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ICICI Direct Vs Sharekhan

Incorporated in 2000, ICICI Direct is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 2000, Sharekhan is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 2800 branches across India.

  ICICI Direct Sharekhan
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE BSE, NSE, MCX
Year of Incorporation 2000 2000
Number of Branches 154 2800
Open an Online Trading Account with ICICI Direct.Open an Online Trading Account with Sharekhan.
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ICICI Direct Vs Sharekhan Charges & AMC

ICICI Direct trading account opening charges is Rs 0 (Free) while Sharekhan account opening changes is Rs 0 (Free). ICICI Direct Demat Account AMC Charges is Rs 300 (from 2nd year) and Sharekhan Demat Account AMC Charges is Rs 400 (Free for 1st year).

  ICICI Direct Sharekhan
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
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 400 (Free for 1st year)
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ICICI Direct Vs Sharekhan Brokerage Charges & Plans

ICICI Direct Vs Sharekhan Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas Sharekhan brokerage charges for equity is 0.50% and intraday is 0.10%.

  ICICI Direct Sharekhan
Account Type ICICI Neo Plan Classic Account
Fixed Charges NA
Equity Delivery 0.55% 0.50%
Equity Intraday Rs 20 per order 0.10%
Equity Futures Rs 0 (Free) 0.10%
Equity Options Rs 20 per order Rs 50 per lot
Currency Futures Rs 20 per order 0.10%
Currency Options Rs 20 per order Rs 30 per lot
Commodity Futures Rs 20 per order 0.03%
Commodity Options Rs 20 per order 0.03%
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: Rs 0 Account Opening Charges + FREE Stock Tips & Research + 1 Year Free Access to TradeTiger Trading Terminal Request a Callback.

ICICI Direct Vs Sharekhan Brokerage Plan 2

  ICICI Direct Sharekhan
Account Type I-Secure Plan Prepaid - ₹1 Lakh
Fixed Charges NA Rs 1,00,000 per year
Equity Delivery 0.55% 0.10%
Equity Intraday 0.275% 0.015%
Equity Futures 0.05% 0.015%
Equity Options Rs 95 per lot 0.05% or Rs 63 per lot
Currency Futures Rs 20 per order
Currency Options Rs 20 per order
Commodity Futures Rs 20 per order
Commodity Options Rs 20 per order
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ICICI Direct Vs Sharekhan Brokerage Plan 3

  ICICI Direct Sharekhan
Account Type ICICI Neo Plan Margin - ₹1 Lakh
Fixed Charges NA Rs 1,00,000 margin
Equity Delivery 0.55% 0.25%
Equity Intraday Rs 20 per order 0.05%
Equity Futures Rs 0 (Free) 0.05%
Equity Options Rs 20 per order 1% or Rs 70 per lot
Currency Futures Rs 20 per order
Currency Options Rs 20 per order
Commodity Futures Rs 20 per order
Commodity Options Rs 20 per order
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ICICI Direct Charges Vs Sharekhan

Minimum Brokerage Rs 35 per trade (I-Secure Plan) Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future Rs 0.001 per share
Other Charges Margin Trading Interest: 0.025% Per day
Call & Trade Charges Rs 50 per trade Rs 20
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ICICI Direct Vs Sharekhan Transaction Charges

ICICI Direct transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while Sharekhan exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 50 per Cr (0.0005%) (on premium).

  ICICI Direct Sharekhan
Equity Delivery NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)
Equity Intraday NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)
Equity Futures Rs 180 per Cr (0.0018%) NSE Rs 190 per Cr (0.0019%) | BSE Rs 50 per Cr (0.00035) (each side)
Equity Options Rs 5000 per Cr (0.05%) (on premium) NSE Rs 5000 per Cr (0.05%) | BSE Rs 50 per Cr (0.0005%) (on premium)
Currency Futures Rs 120 per Cr (0.0012%) NSE Rs 135 per Cr (0.00135%) | MCX Rs 130 per Cr (0.00130%)
Currency Options Rs 5000 per Cr (0.05%) (on premium) NSE Rs 4220 per Cr (0.04220%) | MCX Rs 3220 per Cr (0.03220%) (on premium)
Commodity Group A - Rs 260 per Cr (0.0026%) MCX (Non-Agri) Rs 230 per Cr (0.0023%) | MCX (Agri) Rs 95 per Cr (0.00095%)
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ICICI Direct Vs Sharekhan 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 Sharekhan 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 Sharekhan
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 Sharekhan Features

The trading platforms offered ICICI Direct include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Sharekhan offers TradeTiger, Sharekhan Mobile trading software.

  ICICI Direct Sharekhan
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App TradeTiger, Sharekhan Mobile
Intraday Square-off Time 3:30 PM 3:30 PM
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader Pattern finder, Class room training
Referral Program
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ICICI Direct Vs Sharekhan Review

ICICI Direct is rated 2.4 of 5 based on 449 customer reviews whereas Sharekhan is rated 3.3 of 5 based on 301 customer reviews.

  ICICI Direct Sharekhan
  449 Customer Reviews    Rate ICICI Direct 301 Customer Reviews    Rate Sharekhan
Fees 2.2 3.0
Brokerage 1.7 2.8
Trading Platform 3.3 3.7
Customer Service 2.7 3.3
Research Capabilities 2.9 3.0
Overall Ratings Rated 2.4 stars Rated 3.3 stars
Broker Rating ICICI Direct is rated 2.4 of 5 based on 449 customer reviews Sharekhan is rated 3.3 of 5 based on 301 customer reviews
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Contact Broker / Request A Call Back

  ICICI Direct Enquire Sharekhan Enquire
Contact Broker 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 Rs 0 Account Opening Charges + FREE Stock Tips & Research + 1 Year Free Access to TradeTiger Trading Terminal Request a Callback.
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ICICI Direct Vs Sharekhan Investment Options

  ICICI Direct Sharekhan
Stock / Equity Yes Yes
Commodity Yes Yes
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 Loans, NRI Trading
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ICICI Direct Vs Sharekhan Order Type Offered

  ICICI Direct Sharekhan
Bracket Order No Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes Yes
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ICICI Direct Vs Sharekhan Research Report

  ICICI Direct Sharekhan
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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ICICI Direct Vs Sharekhan Suitable For Investor Type

  ICICI Direct Sharekhan
Casual Investor Yes Yes
Active Investor Yes
Trader
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ICICI Direct Vs Sharekhan - Pros and Cons

  ICICI Direct Sharekhan
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.
  • It has a strong network of over 1950 branches across India.
  • The fund transfer from and to the trading account is free.
  • The share transfer from and to the DP account is free when trading from Sharekhan trading account.
  • The 'TradeTiger' is the most popular trading terminal in India.
  • Brokerage Plan "Prepaid AMC schemes" are available for high volume traders.
  • Stock SIP is available.
  • Loan against shares, margin funding, ipo financing and ESOP funding is 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.
  • Sharekhan doesn't offer 3-in-1 account as it doesn't offer banking services.
  • Sharekhan brokerage is high in comparison to the discount brokers.
  • Sharekhan charges Rs 400 as AMC for trading account in addition to Rs 400 for demat account.
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

Rs 0 Account Opening (for a limited time only)

  • Get FREE Account Opening.
  • FREE Research courage across all segments.
  • 1 Year FREE access to TradeTiger Trading Terminal.

This is a limited-time offer. Simply leave your contact information with us and Sharekhan representatives will contact you.

Open ICICI Direct AccountEnquire Sharekhan

Frequently Asked Questions

  1. 1. Compare Between ICICIDirect and Sharekhan?

    ICICI Direct and Sharekhan both are full-service brokers. ICICI Direct offers a 3-in-1 account while Sharekhan offers a 2-in-1 account. While ICICI Direct has branches in all major cities, Sharekhan has a presence in almost every corner of India through its branches offices and sub-brokers.

    Compare Between ICICIDirect and Sharekhan

    ICICI Direct Sharekhan

    Full-Service Broker

    Full-Service Broker

    Offer 3-in- 1 account

    Offer 2-in-1 account

    % based brokerage charges. 0.55% for equity delivery.

    % based brokerage charges. 0.50% for equity delivery.

    Brokerage is not negotiable.

    Brokerage can be negotiated.

    Doesn't offer commodity trading

    Offer commodity trading.

    Good local support through relationship managers.

    Excellent local support through relationship managers.

    Doesn't offer any education programs.

    Offers online and classroom training, seminars and workshops to investors.

    Charge Rs 25 per call after the first 20 free calls per month.

    Call & Trade facility is free.

    Doesn't accept FDs as collateral.

    Accepts a fixed deposit (FD) as collateral.

    Offer an ASBA IPO application.

    Offer a UPI IPO application.

    Find more detail at:

     

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