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ICICIdirect Vs Tradeplus (Compare ICICIdirect and Tradeplus)


ICICI Securities Pvt Ltd. Logo

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 Tr... Know more about ICICI Securities Pvt Ltd.


Tradeplus (Navia Markets Ltd) Logo

Tradeplus
Tradeplus is an online stock broker (hybrid of traditional and discount broker) offering trading & investment at BSE, NSE and MCX. Tradeplus is famous for its unlimited zero brokerage trading plans which offer infinite trading at a fixed monthly fee in few segments. The unlimited trading plans are available in Commodities, Equity&Options and Currency Derivatives segments. Tradeplus also offer demat account services at a low AMC charge of Rs 90 per year. Tradeplus also offer Online Mutual... Know more about Tradeplus (Navia Markets Ltd)

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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 an Online Trading Account with ICICIdirect.Open an Online Trading Account with Tradeplus.
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ICICIdirect Vs Tradeplus Charges & AMC

ICICIdirect trading account opening charges is Rs 0 (Free) while Tradeplus account opening changes is Rs 0. 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
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
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ICICIdirect Vs Tradeplus Brokerage Charges & Plans

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.

  ICICIdirect 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

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
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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
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ICICIdirect Vs Tradeplus Transaction Charges

ICICIdirect 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).

  ICICIdirect 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 Group A - Rs 260 per Cr (0.0026%) Rs 500 (0.005%)
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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)
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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 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 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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ICICIdirect Vs Tradeplus Review

ICICIdirect is rated 2.4 of 5 based on 453 customer reviews whereas Tradeplus is rated 3.0 of 5 based on 35 customer reviews.

  ICICIdirect Tradeplus
  453 Customer Reviews    Rate ICICIdirect 35 Customer Reviews    Rate Tradeplus
Fees 2.2 3.6
Brokerage 1.7 4.1
Trading Platform 3.3 2.8
Customer Service 2.7 2.7
Research Capabilities 2.9 2.0
Overall Ratings Rated 2.4 stars Rated 3.0 stars
Broker Rating ICICIdirect is rated 2.4 of 5 based on 453 customer reviews Tradeplus is rated 3.0 of 5 based on 35 customer reviews
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Contact Broker / Request A Call Back

  ICICIdirect Enquire Tradeplus Enquire
Contact Broker 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 Brokerage Free equity delivery trading (truly no commission) and Flat Rs 9 intranet and F&O trade brokerage. Get the offer
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ICICIdirect Vs Tradeplus Investment Options

  ICICIdirect Tradeplus
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
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ICICIdirect Vs Tradeplus Order Type Offered

  ICICIdirect Tradeplus
Bracket Order No Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes No
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ICICIdirect Vs Tradeplus Research Report

  ICICIdirect Tradeplus
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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ICICIdirect Vs Tradeplus Suitable For Investor Type

  ICICIdirect Tradeplus
Casual Investor Yes
Active Investor Yes
Trader Yes
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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.
  1. Unlimited monthly trading plans available for frequent traders.
  2. Free equity delivery trading. No brokerage charged for trading in equity delivery (cash & carry) segment.
  3. Low demat AMC or Rs 90 per month.
  4. 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.
  1. Customer has to pay software charges.
  2. High call & trade charges. Rs 1000 per month.
  3. 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 in Options, Currency F&O and Commodity futures 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.

Open ICICIdirect AccountEnquire Tradeplus

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