ICICI Direct Vs Sharekhan (Compare ICICI Direct and Sharekhan)

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 ICICI Direct Account	Enquire Sharekhan

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)

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
	Open ICICI Direct Account	Enquire Sharekhan

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
	Open ICICI Direct Account	Enquire Sharekhan

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

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)
	Open ICICI Direct Account	Enquire Sharekhan

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
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	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	301 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	Sharekhan is rated 3.3 of 5 based on 301 customer reviews

ICICI Direct Vs Sharekhan Investment Options

	ICICI Direct	Sharekhan
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	Loans, NRI Trading

ICICI Direct Vs Sharekhan Order Type Offered

	ICICI Direct	Sharekhan
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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ICICI Direct Vs Sharekhan Research Report

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

ICICI Direct Vs Sharekhan Suitable For Investor Type

	ICICI Direct	Sharekhan
Casual Investor
Active Investor
Trader

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 Account	Enquire Sharekhan

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:

   • ICICI Direct vs Sharekhan - Detailed Comparison

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