ICICI Direct Vs Tradeplus (Compare ICICI Direct and Tradeplus)

ICICI Direct Vs Tradeplus

Incorporated in 2000, ICICI Direct is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 1995, Tradeplus is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

	ICICI Direct	Tradeplus
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE	BSE, NSE, MCX
Account Type	ICICI Neo Plan	Flat Zero brokerage Scheme
Year of Incorporation	2000	1995
Number of Branches	154
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ICICI Direct Vs Tradeplus Charges & AMC

ICICI Direct trading account opening charges is Rs 0 while Tradeplus account opening changes is Rs 0. ICICI Direct Demat Account AMC Charges is Rs 300 (from 2nd year) and Tradeplus Demat Account AMC Charges is Rs 0.

	ICICI Direct	Tradeplus
Trading Account Opening Charges	Rs 0	Rs 0
Trading Account AMC Charges	Rs 0	Rs 0
Demat Account Opening Charges	Rs 0	Rs 0
Demat Account AMC Charges	Rs 300 (from 2nd year)	Rs 0

ICICI Direct Vs Tradeplus Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas Tradeplus brokerage charges for equity is Rs 0 (Free) and intraday is NA.

	ICICI Direct	Tradeplus
Account Type	ICICI Neo Plan	Flat Zero brokerage Scheme
Fixed Charges	NA	As per segment
Equity Delivery	0.55%	Rs 0 (Free)
Equity Intraday	Rs 20 per order	NA
Equity Futures	Rs 0 (Free)	Rs 799 per month (unlimited trading)
Equity Options	Rs 20 per order	Rs 99 per month (unlimited trading)
Currency Futures	Rs 20 per order	Rs 99 per month (unlimited trading)
Currency Options	Rs 20 per order	Rs 99 per month (unlimited trading)
Commodity Futures	Rs 20 per order	Rs 99 per month (unlimited trading)
Commodity Options	Rs 20 per order	Rs 99 per month (unlimited trading)
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: Brokerage Free equity delivery trading (truly no commission) and Flat Rs 9 intranet and F&O trade brokerage. Get the offer

ICICI Direct Vs Tradeplus Brokerage Plan 2

	ICICI Direct	Tradeplus
Account Type	3-in-1 Account (I-Secure Plan)	Flexi Brokerage Plan
Fixed Charges		NA
Equity Delivery	0.55%	Rs 0 (Free)
Equity Intraday	0.275%	Lower of - Rs 9 per trade or 0.01%
Equity Futures	0.05% to 0.03%	Rs 9 per executed order
Equity Options	Rs 95 to Rs 35 per lot	Rs 9 per executed order
Currency Futures	0.050% to 0.030%	Rs 9 per executed order
Currency Options	Rs 25 to Rs 10 per lot	Rs 9 per executed order
Commodity Futures	NA	Rs 9 per executed order
Commodity Options	NA	Rs 9 per executed order
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ICICI Direct Vs Tradeplus Brokerage Plan 3

	ICICI Direct	Tradeplus
Account Type	I-Saver Plan	Flat Zero brokerage Scheme
Fixed Charges		As per segment
Equity Delivery	0.75% to 0.25%	Rs 0 (Free)
Equity Intraday	0.75% to 0.25%	NA
Equity Futures	0.05% to 0.03%	Rs 799 per month (unlimited trading)
Equity Options	Rs 95 to Rs 65 per lot	Rs 99 per month (unlimited trading)
Currency Futures	0.05% to 0.03%	Rs 99 per month (unlimited trading)
Currency Options	0.25 to Rs 65 per lot	Rs 99 per month (unlimited trading)
Commodity Futures	NA	Rs 99 per month (unlimited trading)
Commodity Options	NA	Rs 99 per month (unlimited trading)
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ICICI Direct Charges Vs Tradeplus

Minimum Brokerage	Rs 35 per trade
Other Charges	Margin Trading Interest: 0.025% Per day	SMS Charges: Rs 100 per segment.
Call & Trade Charges	Rs 25 per call after first 20 free calls per month	Flat Rs 75 per day

ICICI Direct Vs Tradeplus Transaction Charges

ICICI Direct transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while Tradeplus exchange transaction charges for options is Rs 7800 per crore (0.078%)(on premium).

	ICICI Direct	Tradeplus
Equity Delivery	NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)	Rs 345 per crore (0.00345%) (each side)
Equity Intraday	NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)	Rs 345 per crore (0.00345%) (sale side)
Equity Futures	Rs 180 per Cr (0.0018%)	Rs 360 per crore (0.0036%)
Equity Options	Rs 5000 per Cr (0.05%) (on premium)	Rs 7800 per crore (0.078%)(on premium)
Currency Futures	Rs 120 per Cr (0.0012%)	Rs 140 per crore (0.0014%)
Currency Options	Rs 5000 per Cr (0.05%) (on premium)	Rs 6000 (on premium) per crore (0.06%)
Commodity	NA	Rs 500 (0.005%)
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ICICI Direct Vs Tradeplus Leverage (Margin)

ICICI Direct provides the margin of Upto 25x for intraday trades whereas the Tradeplus margin for intraday cash is Upto 33X.

	ICICI Direct	Tradeplus
Equity Delivery	5x with Interest	Upto 4X
Equity Intraday	Upto 25x	Upto 33X
Equity Futures	4x	Intraday leverage 2X | Cover Order Margin 3%
Equity Options	2x for shorting	Intraday Leverage of 2X
Currency Futures	NA	Intraday Leverage of 2X
Currency Options	NA	1X
Commodity Futures	NA	Intraday Leverage of 2X
Commodity Options
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Compare ICICI Direct and Tradeplus Features

The trading platforms offered ICICI Direct include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Tradeplus offers INFINI, NSE NOW trading software.

	ICICI Direct	Tradeplus
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	INFINI, NSE NOW
Intraday Square-off Time	3:30 PM
Other Features	Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Referral Program
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ICICI Direct Vs Tradeplus Review

ICICI Direct is rated 2.4 of 5 based on 441 customer reviews whereas Tradeplus is rated 3.1 of 5 based on 33 customer reviews.

	ICICI Direct	Tradeplus
	441 Customer Reviews	33 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICI Direct is rated 2.4 of 5 based on 441 customer reviews	Tradeplus is rated 3.1 of 5 based on 33 customer reviews

ICICI Direct Vs Tradeplus Investment Options

	ICICI Direct	Tradeplus
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

ICICI Direct Vs Tradeplus Order Type Offered

	ICICI Direct	Tradeplus
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 Tradeplus Research Report

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

ICICI Direct Vs Tradeplus Suitable For Investor Type

	ICICI Direct	Tradeplus
Casual Investor
Active Investor
Trader

ICICI Direct Vs Tradeplus - Pros and Cons

	ICICI Direct	Tradeplus
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.	Unlimited monthly trading plans available for frequent traders. Free equity delivery trading. No brokerage charged for trading in equity delivery (cash & carry) segment. Low demat AMC or Rs 90 per month. Analysis tools available for intraday 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. Commodity trading is not available for retail investors. Call & trade cost extra Rs 25 per call after first 20 free calls in a month.	Customer has to pay software charges. High call & trade charges. Rs 1000 per month. Lower margin.
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	Free Equity Delivery Trade + Flat Rs 9 intranet and F&O trade Get free equity delivery trading (zero brokerage) and pay flat Rs 9 intranet and F&O trade brokerage. To open an account with Tradeplus, simply leave your contact information and Tradeplus representatives will call you.
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