ICICIdirect Vs Tradeplus (Compare ICICIdirect and Tradeplus)

ICICIdirect Vs Tradeplus

Incorporated in 2000, ICICIdirect 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.

	ICICIdirect	Tradeplus
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE	BSE, NSE, MCX
Year of Incorporation	2000	1995
Number of Branches	154
	Open ICICIdirect Account	Open Tradeplus Account

ICICIdirect Vs Tradeplus Charges & AMC

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

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

ICICIdirect Vs Tradeplus Brokerage

ICICIdirect 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.

Account Type	ICICIdirect ICICI Neo Plan	Tradeplus 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 5 minutes from sell orders + Free trading tips. Open Instant Account Now	Zerodha (Trade with the best stock broker) 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 Tradeplus Brokerage Plan 2

	ICICIdirect	Tradeplus
Account Type	I-Secure Plan	Flexi Brokerage Plan
Fixed Charges	NA	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%	Rs 9 per executed order
Equity Options	Rs 95 per lot	Rs 9 per executed order
Currency Futures	Rs 20 per order	Rs 9 per executed order
Currency Options	Rs 20 per order	Rs 9 per executed order
Commodity Futures	Rs 20 per order	Rs 9 per executed order
Commodity Options	Rs 20 per order	Rs 9 per executed order
	Open ICICIdirect Account	Open Tradeplus Account

ICICIdirect Charges Vs Tradeplus

Minimum Brokerage	Rs 35 per trade (I-Secure Plan)
Other Charges	Margin Trading Interest: 0.025% Per day	SMS Charges: Rs 100 per segment.
Call & Trade Charges	Rs 50 per trade	Flat Rs 75 per day

ICICIdirect Vs Tradeplus Transaction Charges

ICICIdirect transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium) while Tradeplus exchange transaction charges for options is Rs 7800 per crore (0.078%)(on premium).

	ICICIdirect	Tradeplus
Equity Delivery	NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)	Rs 345 per crore (0.00345%) (each side)
Equity Intraday	NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)	Rs 345 per crore (0.00345%) (sale side)
Equity Futures	NSE Rs 200 per Cr (0.002%)	Rs 360 per crore (0.0036%)
Equity Options	NSE Rs 5300 per Cr (0.053%) (on premium)	Rs 7800 per crore (0.078%)(on premium)
Currency Futures	NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)	Rs 140 per crore (0.0014%)
Currency Options	NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium)	Rs 6000 (on premium) per crore (0.06%)
Commodity	Group A - Rs 260 per Cr (0.0026%)	Rs 500 (0.005%)
	Open ICICIdirect Account	Open Tradeplus Account

ICICIdirect Vs Tradeplus Leverage (Margin)

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

	ICICIdirect	Tradeplus
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	Open Tradeplus Account

Compare ICICIdirect and Tradeplus Features

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

	ICICIdirect	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
Trading In SME Shares Allowed?
Referral Program
Other Features	Bullet Trading, Can trade in 32 exchanges through Saxo Trader
	Open ICICIdirect Account	Open Tradeplus Account

ICICIdirect Vs Tradeplus Review

ICICIdirect is rated 2.4 of 5 based on 465 customer reviews whereas Tradeplus is rated 2.9 of 5 based on 37 customer reviews.

	ICICIdirect	Tradeplus
	465 Customer Reviews	37 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICIdirect is rated 2.4 of 5 based on 465 customer reviews	Tradeplus is rated 2.9 of 5 based on 37 customer reviews

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ICICIdirect Vs Tradeplus Investment Options

	ICICIdirect	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

ICICIdirect Vs Tradeplus Order Type Offered

	ICICIdirect	Tradeplus
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
	Open ICICIdirect Account	Open Tradeplus Account

ICICIdirect Vs Tradeplus Research Report

	ICICIdirect	Tradeplus
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

ICICIdirect Vs Tradeplus Suitable For Investor Type

	ICICIdirect	Tradeplus
Casual Investor
Active Investor
Trader

ICICIdirect Vs Tradeplus - Pros and Cons

	ICICIdirect	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. Call & trade cost extra Rs 50 per trade in Neo/Prime Plans.	Customer has to pay software charges. High call & trade charges. Rs 1000 per month. Lower margin.
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	Open Tradeplus Account