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ICICIdirect Vs Sharekhan (Compare ICICIdirect and Sharekhan)

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.

Sharekhan Logo

About Sharekhan
Designed for the Serious and established in 2000, Sharekhan is a full-service stock broking firm that is also considered as one of the pioneers in retail online broking and digital investments in India. It offers online trading and investing services for brokerage through its online trading platforms: Website (www.sharekhan.com), TradeTiger (desktop trading software), the Sharekhan app and the InvesTiger app (both available for Android and iOS devices). Designed for serious Investors and Trader... Know more about Sharekhan

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ICICIdirect Vs Sharekhan

Incorporated in 2000, ICICIdirect 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.

  ICICIdirect 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 ICICIdirect Account

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ICICIdirect Vs Sharekhan Charges & AMC

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

  ICICIdirect 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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ICICIdirect Vs Sharekhan Brokerage

ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas Sharekhan brokerage charges for equity is 0.30% on market rate or minimum 1 paisa per share and intraday is 0.02% on market rate or minimum 1 paisa per share.

Account Type ICICIdirect ICICI Neo Plan Sharekhan Classic Account
Fixed Charges NA
Equity Delivery 0.55% 0.30% on market rate or minimum 1 paisa per share
Equity Intraday Rs 20 per order 0.02% on market rate or minimum 1 paisa per share
Equity Futures Rs 0 (Free) 0.02% per transaction value
Equity Options Rs 20 per order Rs 20 per lot
Currency Futures Rs 20 per order 0.02% per transaction value
Currency Options Rs 20 per order Rs 5 per lot
Commodity Futures Rs 20 per order 0.02%
Commodity Options Rs 20 per order Rs 20 per lot
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 (Flat Rs 20 Per Trade)

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 Sharekhan Brokerage Plan 2

  ICICIdirect Sharekhan
Account Type I-Secure Plan Prepaid - Rs 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
Open ICICIdirect Account

ICICIdirect Vs Sharekhan Brokerage Plan 3

  ICICIdirect Sharekhan
Account Type ICICI Neo Plan Margin - Rs 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
Open ICICIdirect Account

ICICIdirect 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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ICICIdirect Vs Sharekhan Transaction Charges

ICICIdirect transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) while Sharekhan exchange transaction charges for options is NSE Rs 5050 per Cr (0.0505%) (on premium).

  ICICIdirect Sharekhan
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side) NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 NSE Rs 200 per Cr (0.002%) | BSE Rs 0
Equity Options NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) NSE Rs 5050 per Cr (0.0505%) (on premium)
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) NSE Rs 95 per Cr (0.00095%)
Currency Options NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium) NSE Rs 3700 per Cr (0.037%) (on premium)
Commodity Group A - Rs 260 per Cr (0.0026%) Futures: 0.0026% (MCX) | Black Pepper: Rs. 0.05 Castor Seed: Rs 0.5 Kapas: Rs 0.5, Options: 0.05%
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ICICIdirect Vs Sharekhan Leverage (Margin)

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

  ICICIdirect Sharekhan
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)
Open ICICIdirect Account

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Compare ICICIdirect and Sharekhan Features

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

  ICICIdirect 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 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
Trading In SME Shares Allowed?
Referral Program
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader Pattern finder, Class room training
Open ICICIdirect Account

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ICICIdirect Vs Sharekhan Review

ICICIdirect is rated 2.3 of 5 based on 479 customer reviews whereas Sharekhan is rated 3.3 of 5 based on 312 customer reviews.

  ICICIdirect Sharekhan
  479 Customer Reviews    Rate ICICIdirect 312 Customer Reviews    Rate Sharekhan
Fees 2.2 3.0
Brokerage 1.7 2.8
Trading Platform 3.3 3.7
Customer Service 2.6 3.3
Research Capabilities 2.9 3.1
Overall Ratings Rated 2.3 stars Rated 3.3 stars
Broker Rating ICICIdirect is rated 2.3 of 5 based on 479 customer reviews Sharekhan is rated 3.3 of 5 based on 312 customer reviews

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Contact Broker / Request A Call Back

  ICICIdirect Enquire Sharekhan 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 Sharekhan Investment Options

  ICICIdirect 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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ICICIdirect Vs Sharekhan Order Type Offered

  ICICIdirect 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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ICICIdirect Vs Sharekhan Research Report

  ICICIdirect Sharekhan
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes

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ICICIdirect Vs Sharekhan Suitable For Investor Type

  ICICIdirect Sharekhan
Casual Investor Yes Yes
Active Investor Yes
Trader

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ICICIdirect Vs Sharekhan - Pros and Cons

  ICICIdirect 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.
  1. Sharekhan offers different trading platforms to suit customer requirements. This includes online browser-based trading, an Installable terminal, mobile, call-n-trade and in-person trade through branch offices.
  2. It offers different brokerage slabs to suit individual customers. Higher your trade your brokerage gets reduced. They have multiple brokerage schemas available to them.
  3. Sharekhan offers online and classroom training, seminars and workshops to investors.
  4. Sharekhan doesn't charge for Online Funds Transfer from a bank account and Funds Pay-out to a bank account.
  5. Sharekhan doesn't charge for DP transactions. Share transfer from and to the DP account is free.
  6. Sharekhan has an India-wide network of branches. You can surely find a Sharekhan in your neighbourhood.
  7. Call & Trade facility is free with Sharekhan.
  8. Sharekhan allows fixed deposits as collateral for future and option trading.
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.
  1. Sharekhan doesn't offer 3-in-1 accounts as they don't provide banking services.
  2. Classic account holders cannot trade Commodities, as the segment has to be activated separately.
  3. As a full-service broker that provides Customer Support and assistance via RMs, their charges are basis a percentage of the Securities being traded and not a flat fee.
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
Open ICICIdirect Account

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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