ICICI Direct Vs Tradeplus (Compare ICICI Direct and Tradeplus)


ICICI Direct
ICICI Direct 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. ICICI Direct's most popular service is its 3-in-1 account, which includes ICICI Bank Account, ICICI ... Know more about ICICI Securities Pvt Ltd.


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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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
Open an Online Trading Account with ICICI Direct.Open an Online Trading Account with Tradeplus.
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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
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ICICI Direct Vs Tradeplus Brokerage Charges & Plans

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
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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 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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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    Rate ICICI Direct 33 Customer Reviews    Rate Tradeplus
Fees 2.2 3.6
Brokerage 1.7 4.2
Trading Platform 3.4 2.9
Customer Service 2.7 2.8
Research Capabilities 2.9 2.3
Overall Ratings Rated 2.4 stars Rated 3.1 stars
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
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Contact Broker / Request A Call Back

  ICICI Direct 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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ICICI Direct Vs Tradeplus Investment Options

  ICICI Direct 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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ICICI Direct Vs Tradeplus Order Type Offered

  ICICI Direct 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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ICICI Direct Vs Tradeplus Research Report

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

  ICICI Direct Tradeplus
Casual Investor Yes
Active Investor Yes
Trader Yes
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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.
  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.
  • Commodity trading is not available for retail investors.
  • Call & trade cost extra Rs 25 per call after first 20 free calls in a month.
  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 (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.

Open ICICI Direct AccountEnquire Tradeplus

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