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 , 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
Supported Exchnages	BSE, NSE	BSE, NSE, MCX
Account Type	3-in-1 Account (I-Secure Plan)	Infinite Trading Plans
Year of Incorporation	2000
Number of Branches	154
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ICICI Direct Vs Tradeplus Charges & AMC

ICICI Direct trading account opening charges is ₹0 while Tradeplus account opening changes is ₹199. ICICI Direct Demat Account AMC Charges is ₹700 (from 2nd year) and Tradeplus Demat Account AMC Charges is ₹500 (5 years).

	ICICI Direct	Tradeplus
Trading Account Opening Charges	₹0	₹199
Trading Account AMC Charges	₹0	₹0
Demat Account Opening Charges	₹0	₹0
Demat Account AMC Charges	₹700 (from 2nd year)	₹500 (5 years)

ICICI Direct Vs Tradeplus Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is 0.275% whereas Tradeplus brokerage charges for equity is ₹0 (Free) and intraday is 0.01%.

	ICICI Direct	Tradeplus
Account Type	3-in-1 Account (I-Secure Plan)	Infinite Trading Plans
Fixed Charges
Equity Delivery Brokerage	0.55%	₹0 (Free)
Equity Intraday Brokerage	0.275%	0.01%
Equity Futures Brokerage	0.05% to 0.03%	₹799 per month (unlimited trading)
Equity Options Brokerage	₹95 to ₹35 per lot	₹99 per month (unlimited trading)
Currency Futures Trading Brokerage	0.050% to 0.030%	₹99 per month (unlimited trading)
Currency Options Trading Brokerage	₹25 to ₹10 per lot	₹99 per month (unlimited trading)
Commodity Futures Trading Brokerage	NA	₹99 per month (unlimited trading)
Commodity Options Trading Brokerage	NA
Special Offer	Special Offer: Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.	Special Offer: Brokerage Free equity delivery trading (truly no commission) and Flat ₹9 intranet and F&O trade brokerage. Get the offer

ICICI Direct Vs Tradeplus Brokerage Plan 2

	ICICI Direct	Tradeplus
Account Type	I-Saver Plan	General Brokerage Plan
Fixed Charges		NA
Equity Delivery Brokerage	0.75% to 0.25%	₹0 (Free)
Equity Intraday Brokerage	0.75% to 0.25%	0.01%
Equity Futures Brokerage	0.05% to 0.03%	0.01%
Equity Options Brokerage	₹95 to ₹65 per lot	₹60 per lot
Currency Futures Trading Brokerage	0.05% to 0.03%	₹20 per lot
Currency Options Trading Brokerage	0.25 to ₹65 per lot	₹60 per lot
Commodity Futures Trading Brokerage	NA	0.01%
Commodity Options Trading Brokerage	NA
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ICICI Direct Vs Tradeplus Brokerage Plan 3

	ICICI Direct	Tradeplus
Account Type	ICICIdirect Prime Plan	Infinite Trading Plans
Fixed Charges	₹900	As per segment
Equity Delivery Brokerage	0.25%	₹0 (Free)
Equity Intraday Brokerage	0.25%	0.01%
Equity Futures Brokerage	0.025%	₹799 per month (unlimited trading)
Equity Options Brokerage	₹35	₹99 per month (unlimited trading)
Currency Futures Trading Brokerage	₹0	₹99 per month (unlimited trading)
Currency Options Trading Brokerage	₹0	₹99 per month (unlimited trading)
Commodity Futures Trading Brokerage	NA	₹99 per month (unlimited trading)
Commodity Options Trading Brokerage	NA
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ICICI Direct Charges Vs Tradeplus

Minimum Brokerage Charges	₹35 per trade
Other Brokerage Charges		SMS Charges: ₹100 per segment. Software Charges Equity: ₹499 per month, MCX: ₹249 per month
Call & Trade Charges	₹25 per call after first 20 free calls per month	Flat ₹75 per day

ICICI Direct Vs Tradeplus Transaction Charges

ICICI Direct transaction charges for options is ₹5000 per Cr (0.05%) (on premium) while Tradeplus exchange transaction charges for options is ₹7500 per crore (0.075%)(on premium).

	ICICI Direct	Tradeplus
Equity Delivery	NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side)	₹330 per crore (0.0033%) (each side)
Equity Intraday	NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side)	₹330 per crore (0.0033%) (sale side)
Equity Futures	₹180 per Cr (0.0018%)	₹350 per crore (0.0035%)
Equity Options	₹5000 per Cr (0.05%) (on premium)	₹7500 per crore (0.075%)(on premium)
Currency Futures	₹120 per Cr (0.0012%)	₹165 per crore (0.00165%)
Currency Options	₹5000 per Cr (0.05%) (on premium)	₹6000 (on premium) per crore (0.06%)
Commodity	NA	₹400 (0.004%)
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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 Available
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 430 customer reviews whereas Tradeplus is rated 3.1 of 5 based on 31 customer reviews.

	ICICI Direct	Tradeplus
	430 Customer Reviews	31 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICI Direct is rated 2.4 of 5 based on 430 customer reviews	Tradeplus is rated 3.1 of 5 based on 31 customer reviews

ICICI Direct Vs Tradeplus Investment Options

	ICICI Direct	Tradeplus
Stock / Equity
Commodity
Currency
Initial Public Offers (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 ₹90 per month. Analysis tools available for intraday trading.
Cons	ICICI Security charges highest brokerage in comparison to most of the retail broke₹in India. Very high 'minimum brokerage' of ₹35 per trade or 2.5% of the trade value whichever is lower. Poor performance of website is reported in peak hou₹of trading. Trading Terminal (Trade Racer) cost ₹75 per month if brokerage paid in a month is less then ₹750. Demat Account is mandatory. Commodity trading is not available for retail investors. Call & trade cost extra ₹25 per call after first 20 free calls in a month.	Customer has to pay software charges. High call & trade charges. ₹1000 per month. Lower margin.
Reviews
Promo / Offers	ICICI 3-in-1 Account ICICI Direct offers a 3-in-1 account, a combination of saving bank, trading and demat account. It offers one-click investment in Equity, Derivatives, Mutual Funds, IPO, ETF, Life Insurance, General Insurance, Currency, and Fixed Deposits. Interested in opening a trading account? Request Callback from a stock broker.	Free Equity Delivery Trade + Flat ₹9 intranet and F&O trade Get free equity delivery trading (zero brokerage) and pay flat ₹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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