ICICI Direct Vs TradingBells (Compare ICICI Direct and TradingBells)

ICICI Direct Vs TradingBells

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

	ICICI Direct	TradingBells
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE	NSE, BSE, MCX and NCDEX
Year of Incorporation	2000
Number of Branches	154
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ICICI Direct Vs TradingBells Charges & AMC

ICICI Direct trading account opening charges is Rs 0 (Free) while TradingBells account opening changes is Rs 300 Equity | Rs 200 Commodity. ICICI Direct Demat Account AMC Charges is Rs 300 (from 2nd year) and TradingBells Demat Account AMC Charges is Rs 300.

	ICICI Direct	TradingBells
Trading Account Opening Charges	Rs 0 (Free)	Rs 300 Equity | Rs 200 Commodity
Trading Account AMC Charges	Rs 0 (Free)	Nil
Demat Account Opening Charges	Rs 0 (Free)	Rs 150
Demat Account AMC Charges	Rs 300 (from 2nd year)	Rs 300

ICICI Direct Vs TradingBells Brokerage

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

	ICICI Direct	TradingBells
Account Type	ICICI Neo Plan	Standard Plan
Fixed Charges	NA	Nil
Equity Delivery	0.55%	Rs 0 (Free)
Equity Intraday	Rs 20 per order	Rs 20 per trade
Equity Futures	Rs 0 (Free)	Rs 20 per trade
Equity Options	Rs 20 per order	Rs 20 per trade
Currency Futures	Rs 20 per order	Rs 20 per trade
Currency Options	Rs 20 per order	Rs 20 per trade
Commodity Futures	Rs 20 per order	Rs 20 per trade
Commodity Options	Rs 20 per order
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: Free equity delivery trading (truly no brokerage) and Flat Rs 20 Intraday and F&O trade brokerage. Get the offer

ICICI Direct Vs TradingBells Brokerage Plan 2

	ICICI Direct	TradingBells
Account Type	I-Secure Plan	Standard Plan
Fixed Charges	NA	Nil
Equity Delivery	0.55%	Rs 0 (Free)
Equity Intraday	0.275%	Rs 20 per trade
Equity Futures	0.05%	Rs 20 per trade
Equity Options	Rs 95 per lot	Rs 20 per trade
Currency Futures	Rs 20 per order	Rs 20 per trade
Currency Options	Rs 20 per order	Rs 20 per trade
Commodity Futures	Rs 20 per order	Rs 20 per trade
Commodity Options	Rs 20 per order
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ICICI Direct Charges Vs TradingBells

Minimum Brokerage	Rs 35 per trade (I-Secure Plan)	Rs 0
Other Charges	Margin Trading Interest: 0.025% Per day	Brokerage charge is 0.01% or Rs 20 per executed order, whichever is lower.
Call & Trade Charges	Rs 50 per trade	Additional Rs 20 per executed order

ICICI Direct Vs TradingBells Transaction Charges

ICICI Direct transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while TradingBells exchange transaction charges for options is NSE Rs 6000 per crore | BSE Rs 3000 per crore (each side) (on premium).

	ICICI Direct	TradingBells
Equity Delivery	NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)	NSE Rs 325 per crore | BSE Rs 275 per crore (each side
Equity Intraday	NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)	NSE Rs 325 per crore | BSE Rs 275 per crore (each side
Equity Futures	Rs 180 per Cr (0.0018%)	NSE Rs 210 per crore | BSE Rs 70 per crore (each side)
Equity Options	Rs 5000 per Cr (0.05%) (on premium)	NSE Rs 6000 per crore | BSE Rs 3000 per crore (each side) (on premium)
Currency Futures	Rs 120 per Cr (0.0012%)	NSE Rs 135 per crore (0.00135%)
Currency Options	Rs 5000 per Cr (0.05%) (on premium)	NSE Rs 4400 (on premium) per crore (0.044%)
Commodity	Group A - Rs 260 per Cr (0.0026%)	Non-Agri Rs 310 (0.0036%) | Agri (NCDEX) Rs 400 per Cr
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ICICI Direct Vs TradingBells Leverage (Margin)

ICICI Direct margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the TradingBells margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	ICICI Direct	TradingBells
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare ICICI Direct and TradingBells Features

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

	ICICI Direct	TradingBells
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	ODIN, NSE NOW, JUSTRADE
Intraday Square-off Time	3:30 PM	Eq: 3:15PM | Curr/Commodity: 15 Mins before market closes
Other Features	Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Referral Program
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ICICI Direct Vs TradingBells Review

ICICI Direct is rated 2.4 of 5 based on 449 customer reviews whereas TradingBells is rated 4.0 of 5 based on 6 customer reviews.

	ICICI Direct	TradingBells
	449 Customer Reviews	6 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICI Direct is rated 2.4 of 5 based on 449 customer reviews	TradingBells is rated 4.0 of 5 based on 6 customer reviews

ICICI Direct Vs TradingBells Investment Options

	ICICI Direct	TradingBells
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 TradingBells Order Type Offered

	ICICI Direct	TradingBells
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 TradingBells Research Report

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

ICICI Direct Vs TradingBells Suitable For Investor Type

	ICICI Direct	TradingBells
Casual Investor
Active Investor
Trader

ICICI Direct Vs TradingBells - Pros and Cons

	ICICI Direct	TradingBells
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.	Discount stock broker. Offer margin funding and higher exposure. No brokerage charges for equity delivery trades. 3 different trading platforms: ODIN, NSE Now, JUSTRADE Online IPO and Mutual Funds available. Free trading software Branches in 80+ cities.
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.	Call & trade is changed Rs 20 extra. Doesn't offer 3-in-1 account Charge annual maintenance change on demat account.
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 Trading Get free equity delivery trading (truly no brokerage) and pay flat Rs 20 brokerage for Intraday and F&O trades. To open an account with TradingBells, simply leave your contact information with us and TradingBells representatives will call you.
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