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ICICIDirect Vs Sharekhan Share Broker Comparison

The side-by-side comparison of ICICI Securities Pvt Ltd. and Sharekhan stock brokers in India. The comparison below highlights the similarities and differences between ICICIDirect and Sharekhan'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 Sharekhan.

  ICICI Securities Pvt Ltd. Sharekhan
 
ICICI Securities Pvt Ltd. Logo Sharekhan Logo
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... Know more about ICICI Securities Pvt Ltd. 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 & f... Know more about Sharekhan
Type of Broker What is this parameter? Full Service Broker Full Service Broker
Supported Exchnage What is this parameter? BSE, NSE BSE, NSE, MSEI, MCX
Account Type What is this parameter? 3-in-1 Account (I-Secure Plan) Classic Account
Broker Enquiry Open an Online Trading Account with ICICIDirect. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Sharekhan. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  ICICI Securities Pvt Ltd. Sharekhan
Trading Account Opening Fees What is this parameter? ₹975 ₹0 (Free)
Trading Account AMC What is this parameter? ₹0 ₹0 (Free)
Demat Account Opening Fees What is this parameter? ₹0 ₹0 (Free)
Demat Account AMC What is this parameter? ₹600 ₹400 (Free for 1st year)
Demat Account is Mandatory? What is this parameter? No No
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Trading Brokerage Charges

Brokerage Plan 1

  ICICI Securities Pvt Ltd. Sharekhan
Account Type 3-in-1 Account (I-Secure Plan) Classic Account
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.55% 0.50%
Equity Intraday Brokerage What is this parameter? 0.275% 0.10%
Equity Futures Brokerage What is this parameter? 0.05% to 0.03% 0.10%
Equity Options Brokerage What is this parameter? ₹95 to ₹35 per lot ₹100 per lot
Currency Futures Trading Brokerage What is this parameter? 0.050% to 0.030% 0.10%
Currency Options Trading Brokerage What is this parameter? ₹25 to ₹10 per lot ₹30 per lot
Commodity Futures Trading Brokerage What is this parameter? NA 0.10%
Commodity Options Trading Brokerage What is this parameter?

Brokerage Plan 2

  ICICI Securities Pvt Ltd. Sharekhan
Account Type I-Saver Plan Prepaid - ₹1 Lakh
Fixed Charges What is this parameter? ₹1,00,000 per year
Equity Delivery Brokerage What is this parameter? 0.75% to 0.25% 0.10%
Equity Intraday Brokerage What is this parameter? 0.75% to 0.25% 0.015%
Equity Futures Brokerage What is this parameter? 0.05% to 0.03% 0.015%
Equity Options Brokerage What is this parameter? ₹95 to ₹65 per lot 0.05% or ₹63 per lot
Currency Futures Trading Brokerage What is this parameter? 0.05% to 0.03%
Currency Options Trading Brokerage What is this parameter? ₹95 to ₹65 per lot
Commodity Futures Trading Brokerage What is this parameter? NA
Commodity Options Trading Brokerage What is this parameter?

Brokerage Plan 3

  ICICI Securities Pvt Ltd. Sharekhan
Account Type 3-in-1 Account (I-Secure Plan) Margin - ₹1 Lakh
Fixed Charges What is this parameter? ₹1,00,000 margin
Equity Delivery Brokerage What is this parameter? 0.55% 0.25%
Equity Intraday Brokerage What is this parameter? 0.275% 0.05%
Equity Futures Brokerage What is this parameter? 0.05% to 0.03% 0.05%
Equity Options Brokerage What is this parameter? ₹95 to ₹35 per lot 1% or ₹70 per lot
Currency Futures Trading Brokerage What is this parameter? 0.050% to 0.030%
Currency Options Trading Brokerage What is this parameter? ₹25 to ₹10 per lot
Commodity Futures Trading Brokerage What is this parameter? NA
Commodity Options Trading Brokerage What is this parameter?

Other Charges

Minimum Brokerage Charges What is this parameter? ₹35 per trade Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future ₹0.001 per share
Other Brokerage Charges What is this parameter?
Call & Trade Charges What is this parameter? ₹25 per call after first 20 free calls per month
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Taxes

  ICICI Securities Pvt Ltd. Sharekhan
Securities Transaction Tax (STT) What is this parameter?
  • 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)
  • 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)
Exchange Transaction Charges What is this parameter? Check table below Check table below
SEBI Charges What is this parameter? Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) What is this parameter? 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty What is this parameter? Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  ICICI Securities Pvt Ltd. Sharekhan
Equity Delivery What is this parameter? NSE: 0.0031% | BSE: 0.0028% NSE ₹325 | BSE ₹275
Equity Intraday What is this parameter? NSE: 0.0031% | BSE: 0.0028% NSE ₹325 | BSE ₹275
Equity Futures What is this parameter? 0.0018% NSE ₹190 | BSE ₹50
Equity Options What is this parameter? 0.05% on Premium NSE ₹5000 | BSE ₹50
Currency Futures What is this parameter? 0.0012% NSE ₹135 | MCX ₹130
Currency Options What is this parameter? 0.05% on Premium NSE ₹4220 | MCX ₹3220
Commodity What is this parameter? NA MCX (Non-Agri) ₹230 | MCX (Agri) ₹95
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Exposure

  ICICI Securities Pvt Ltd. Sharekhan
Equity Delivery What is this parameter? 6.67x for A group stock | 5x to 2.5x for B group stock
Equity Intraday What is this parameter? 10x for A & B group stock
Equity Futures What is this parameter? 66.67x for Indices futures | 40x to 22.5x for stock futures
Equity Options What is this parameter? 0x
Currency Futures What is this parameter?
Currency Options What is this parameter?
Commodity What is this parameter?
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Share Broker Features

  ICICI Securities Pvt Ltd. Sharekhan
3 in 1 Account What is this parameter? Yes No
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? No No
SMS Alerts What is this parameter? No Yes
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? Yes Yes
Margin Trading Funding Available What is this parameter? Yes Yes
Margin Against Shares (Equity Cash) What is this parameter? Yes
Margin Against Shares (Equity F&O) What is this parameter? Yes
Trading Platform What is this parameter? ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App TradeTiger
Intraday Square-off Time What is this parameter? 3:30 PM 3:30 PM
Other Features What is this parameter?
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Broker Ratings (Average User Rating)

  ICICI Securities Pvt Ltd. Sharekhan
  395 Customer Reviews    Rate ICICIDirect 274 Customer Reviews    Rate Sharekhan
Fees Ratings 2.3 3.1
Trading Brokerage Rating 1.7 2.9
Trading Platform Usability 3.4 3.7
Customer Service Ratings 2.8 3.4
Overall Ratings Rated 2.5 stars Rated 3.3 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 395 customer reviews Sharekhan is Rated 3.3 / 5 based on 274 customer reviews
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Contact Broker / Request A Call Back

  ICICI Securities Pvt Ltd. Sharekhan
Contact / Request Call Back
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Investment Options Available

  ICICI Securities Pvt Ltd. Sharekhan
Stock / Equity What is this parameter? Yes Yes
Commodity What is this parameter? No Yes
Currency What is this parameter? Yes Yes
Initial Public Offers (IPO) What is this parameter? Yes Yes
Mutual Funds What is this parameter? Yes Yes
Bond / NCD What is this parameter? Yes Yes
Debt What is this parameter? Yes Yes
Other Investment Options What is this parameter? Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS Loans, NRI Trading
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Customer Service Offered

  ICICI Securities Pvt Ltd. Sharekhan
24/7 Customer Service What is this parameter? No No
Onine Live Chat What is this parameter? No No
Through Branches What is this parameter? Yes Yes
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Order Type

  ICICI Securities Pvt Ltd. Sharekhan
Bracket Order What is this parameter? No Yes
Cover Order What is this parameter? Yes Yes
Buy Today Sell Tomorrow (BTST) What is this parameter? Yes
Sell Today Buy Tomorrow (STBT) What is this parameter? No
After Market Order(AMO) What is this parameter? Yes
Good Till Cancelled (GTC) What is this parameter? Yes Yes
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Research / Tips / Reports Published

  ICICI Securities Pvt Ltd. Sharekhan
Daily Market Report What is this parameter? Yes Yes
Free Tips What is this parameter? Yes Yes
Quarterly Result Analysis What is this parameter? Yes Yes
News Alerts What is this parameter? Yes Yes
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Suitable for Investor Category

  ICICI Securities Pvt Ltd. Sharekhan
Casual Investor What is this parameter? Yes Yes
Active Investor What is this parameter? Yes
Trader What is this parameter?

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Pros, Cons and Other Review Comments

  ICICI Securities Pvt Ltd. Sharekhan
Pros What is this parameter?
  • 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...

  • 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.

More Advantages...

Cons What is this parameter?
  • 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...

  • 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 ₹400 as AMC for trading account in addition to ₹400 for demat account.

More Disadvantages...

Reviews What is this parameter?
Promo / Offers What is this parameter?

ICICI 3-in-1 Account

ICICI Direct offers a 3-in-1 account, a combination of saving bank, trading and demat account. It offers one-click investment in Equity, Derivatives, Mutual Funds, IPO, ETF, Life Insurance, General Insurance, Currency, and Fixed Deposits.

Interested in opening a trading account? Request Callback from a stock broker.

Free Trading & Demat Account (for limited time only)

Sharekhan offers FREE Trading + Demat Account (₹1150 waived). You can also avail of attractive trading plans that suit your needs by just paying the AMC charges that are fully adjustable against brokerage. Thereby saving up to 70% on brokerage.

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

Enquire about ICICIDirect Enquire about Sharekhan
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