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ICICIDirect Vs Trustline Share Broker Comparison

The side-by-side comparison of ICICI Securities Pvt Ltd. and Trustline Securities Ltd stock brokers in India. The comparison below highlights the similarities and differences between ICICIDirect and Trustline's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among ICICIDirect and Trustline.

  ICICI Securities Pvt Ltd. Trustline Securities Ltd
 
ICICI Securities Pvt Ltd. Logo Trustline Securities Ltd Logo
About the Broker ICICIdirect is a retail trading and investment service from ICICI Securities, the largest retail stock broker firm in India offering a wide range of investment options to the retail and institutional customers. ICICI Securities is part of ICICI Group... Know more about ICICI Securities Pvt Ltd. Incorporated in 1989, Trustline Securities is a Noida based financial service provider. Trustline is a full-service broker for over 25 years. Trustline offers customised investment solutions to corporate, institutions and retail investors, through a ... Know more about Trustline Securities Ltd
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE BSE, NSE, MCX
Account Type 3-in-1 Account (I-Secure Plan) Full-service Brokerage Plan
Broker Enquiry Open an Online Trading Account with ICICIDirect. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  ICICI Securities Pvt Ltd. Trustline Securities Ltd
Trading Account Opening Fees ₹975 ₹0 (Free)
Trading Account AMC ₹0 ₹0 (Free)
Demat Account Opening Fees ₹0 Regular: ₹0, Lifetime Free AMC: ₹1000
Demat Account AMC ₹450 Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  ICICI Securities Pvt Ltd. Trustline Securities Ltd
Account Type 3-in-1 Account (I-Secure Plan) Full-service Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.55% 0.20% (20 paisa)
Equity Intraday Brokerage 0.275% 0.02% (2 paisa)
Equity Futures Brokerage 0.05% to 0.03% 0.02% (2 paisa)
Equity Options Brokerage ₹95 to ₹35 per lot ₹75 per lot
Currency Futures Trading Brokerage 0.050% to 0.030% 0.02% (2 paisa)
Currency Options Trading Brokerage ₹25 to ₹10 per lot ₹7.5 per lot
Commodity Futures Trading Brokerage NA Future: 0.02% (2 paisa) | Options: ₹50 per lot
Commodity Options Trading Brokerage NA

Brokerage Plan 2

  ICICI Securities Pvt Ltd. Trustline Securities Ltd
Account Type I-Saver Plan Full-service Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.75% to 0.25% 0.20% (20 paisa)
Equity Intraday Brokerage 0.75% to 0.25% 0.02% (2 paisa)
Equity Futures Brokerage 0.05% to 0.03% 0.02% (2 paisa)
Equity Options Brokerage ₹95 to ₹65 per lot ₹75 per lot
Currency Futures Trading Brokerage 0.05% to 0.03% 0.02% (2 paisa)
Currency Options Trading Brokerage ₹95 to ₹65 per lot ₹7.5 per lot
Commodity Futures Trading Brokerage NA Future: 0.02% (2 paisa) | Options: ₹50 per lot
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹35 per trade ₹0 (No Minimum Brokerage)
Other Brokerage Charges Physical contact notes: ₹20
Call & Trade Charges ₹25 per call after first 20 free calls per month ₹0 (Free)
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Taxes

  ICICI Securities Pvt Ltd. Trustline Securities Ltd
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  ICICI Securities Pvt Ltd. Trustline Securities Ltd
Equity Delivery NSE: 0.0031% | BSE: 0.0028% NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Intraday NSE: 0.0031% | BSE: 0.0028% NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Futures 0.0018% NSE ₹190 per crore (0.0019%)
Equity Options 0.05% on Premium NSE ₹5000 per crore (0.05%)
Currency Futures 0.0012% NSE ₹90/cr (0.0009%) | BSE ₹18/cr (0.00018%)
Currency Options 0.05% on Premium NSE ₹4000 (on premium) per cr (0.04%) | BSE ₹1500
Commodity NA MCX ₹260/Cr (0.0026%) | NCDEX ₹600/cr (0.006%)
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Exposure

  ICICI Securities Pvt Ltd. Trustline Securities Ltd
Equity Delivery 5x with Interest 1x (100% Margin Required)
Equity Intraday Upto 25x Up to 20x
Equity Futures 4x NSE: 2x
Equity Options 2x for shorting NSE: 2x
Currency Futures NA NSE: 2x
Currency Options NA NSE: 2x
Commodity NA MCX Futures: 8x
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Share Broker Features

  ICICI Securities Pvt Ltd. Trustline Securities Ltd
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 Available Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.
Intraday Square-off Time 3:30 PM Equity: 3:15 PM, Commodity: 11:15 PM
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader
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Broker Ratings (Average User Rating)

  ICICI Securities Pvt Ltd. Trustline Securities Ltd
  400 Customer Reviews    Rate ICICIDirect 1 Customer Reviews    Rate Trustline
Fees Ratings 2.3 4.0
Trading Brokerage Rating 1.7 3.0
Trading Platform Usability 3.4 4.0
Customer Service Ratings 2.8 4.0
Overall Ratings Rated 2.4 stars Rated 4.0 stars
Broker Rating ICICIDirect is Rated 2.4 / 5 based on 400 customer reviews Trustline is Rated 4.0 / 5 based on 1 customer reviews
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Contact Broker / Request A Call Back

  ICICI Securities Pvt Ltd. Trustline Securities Ltd
Contact / Request Call Back
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Investment Options Available

  ICICI Securities Pvt Ltd. Trustline Securities Ltd
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes Yes
Other Investment Options Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS Insurance, Wealth Management
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Customer Service Offered

  ICICI Securities Pvt Ltd. Trustline Securities Ltd
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes Yes
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Order Type

  ICICI Securities Pvt Ltd. Trustline Securities Ltd
Bracket Order No
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) No
Good Till Cancelled (GTC) Yes
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Research / Tips / Reports Published

  ICICI Securities Pvt Ltd. Trustline Securities Ltd
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Suitable for Investor Category

  ICICI Securities Pvt Ltd. Trustline Securities Ltd
Casual Investor Yes
Active Investor Yes
Trader Yes

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Pros, Cons and Other Review Comments

  ICICI Securities Pvt Ltd. Trustline Securities Ltd
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.

More Advantages...

  • Research based fundamental and technical analysis available to all the customers.
  • Paperless account opening is available with eKYC and Aadhar integration
  • All trading softwares including trading terminal are available for free.
  • Uses trading platform of Omnesys which is industry leading trading software provider.
  • Margin Against Share is available
  • Short selling is available in NSE Cash segment only.
  • After Hours Orders and Good Till Cancelled (GTC) orders are available.
  • SMS Trade Alerts are available for free to all customers.
  • Call & Trade is free for all customers.

More Advantages...

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.

More Disadvantages...

  • Separate account needed for Mutual Funds investment.
  • Doesn't offer bracket orders.
  • Online IPO, NCD, Corporate Bond investment is not available.
  • Trading API is now available.
  • No extra charge for intraday or expiry positions closed by the broker.

More Disadvantages...

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.

Lifetime FREE AMC Demat Account - 50% Off

Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save ₹500 on account opening.

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