ICICI Direct Vs Zerodha (Compare ICICI Direct and Zerodha)

The side-by-side comparison of ICICI Direct and Zerodha. Compare ICICI Direct Vs Zerodha brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best ICICI Direct vs Zerodha?


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.


Zerodha
Zerodha is India's No. 1 stockbroker. It is largest and most popular broker offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds. Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is Rs 20 for an order (of any size, amount or segment). Ze... Know more about Zerodha

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ICICI Direct Vs Zerodha

Incorporated in 2000, ICICI Direct is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India.

  ICICI Direct Zerodha
Type of Broker Full Service Broker Discount Broker
Supported Exchnages BSE, NSE NSE, BSE, MCX and NCDEX
Account Type ICICI Neo Plan Flat Brokerage Plan
Year of Incorporation 2000 2010
Number of Branches 154 22
Broker Enquiry Open an Online Trading Account with ICICI Direct. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Zerodha. Leave your contact info and we will get in touch with you.
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ICICI Direct Vs Zerodha Charges & AMC

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

  ICICI Direct Zerodha
Trading Account Opening Charges Rs 0 Rs 200
Trading Account AMC Charges Rs 0 Rs 0 (Free)
Demat Account Opening Charges Rs 0 Rs 0
Demat Account AMC Charges Rs 300 (from 2nd year) Rs 300
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ICICI Direct Vs Zerodha Brokerage Charges & Plans

ICICI Direct Vs Zerodha Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower.

  ICICI Direct Zerodha
Account Type ICICI Neo Plan Flat Brokerage Plan
Fixed Charges NA
Equity Delivery Brokerage 0.55% Rs 0 (Free)
Equity Intraday Brokerage Rs 20 per order Rs 20 per executed order or .03% whichever is lower
Equity Futures Brokerage Rs 0 (Free) Rs 20 per executed order or .03% whichever is lower
Equity Options Brokerage Rs 20 per order Rs 20 per executed order
Currency Futures Trading Brokerage Rs 20 per order Rs 20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage Rs 20 per order Rs 20 per executed order or .03% whichever is lower
Commodity Futures Trading Brokerage Rs 20 per order Rs 20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage Rs 20 per order Rs 20 per executed order or .03% whichever is lower
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 (no commission) + Flat Rs 20 Intra-day and F&O trades. Get the offer

ICICI Direct Vs Zerodha Brokerage Plan 2

  ICICI Direct Zerodha
Account Type 3-in-1 Account (I-Secure Plan) Flat Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.55% Rs 0 (Free)
Equity Intraday Brokerage 0.275% Rs 20 per executed order or .03% whichever is lower
Equity Futures Brokerage 0.05% to 0.03% Rs 20 per executed order or .03% whichever is lower
Equity Options Brokerage Rs 95 to Rs 35 per lot Rs 20 per executed order
Currency Futures Trading Brokerage 0.050% to 0.030% Rs 20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage Rs 25 to Rs 10 per lot Rs 20 per executed order or .03% whichever is lower
Commodity Futures Trading Brokerage NA Rs 20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage NA Rs 20 per executed order or .03% whichever is lower
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ICICI Direct Vs Zerodha Brokerage Plan 3

  ICICI Direct Zerodha
Account Type I-Saver Plan Flat Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.75% to 0.25% Rs 0 (Free)
Equity Intraday Brokerage 0.75% to 0.25% Rs 20 per executed order or .03% whichever is lower
Equity Futures Brokerage 0.05% to 0.03% Rs 20 per executed order or .03% whichever is lower
Equity Options Brokerage Rs 95 to Rs 65 per lot Rs 20 per executed order
Currency Futures Trading Brokerage 0.05% to 0.03% Rs 20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage 0.25 to Rs 65 per lot Rs 20 per executed order or .03% whichever is lower
Commodity Futures Trading Brokerage NA Rs 20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage NA Rs 20 per executed order or .03% whichever is lower
Enquire ICICI DirectEnquire Zerodha

ICICI Direct Charges Vs Zerodha

Minimum Brokerage Charges Rs 35 per trade 0.03% in Intraday and F&O
Other Brokerage Charges Margin Trading Interest: 0.025% Per day Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS
Call & Trade Charges Rs 25 per call after first 20 free calls per month Rs 50 per executed order
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ICICI Direct Vs Zerodha Transaction Charges

ICICI Direct transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while Zerodha exchange transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium).

  ICICI Direct Zerodha
Equity Delivery NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures Rs 180 per Cr (0.0018%) NSE Rs 200 per Cr (0.002%)
Equity Options Rs 5000 per Cr (0.05%) (on premium) NSE Rs 5300 per Cr (0.053%) (on premium)
Currency Futures Rs 120 per Cr (0.0012%) NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)
Currency Options Rs 5000 per Cr (0.05%) (on premium) NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity NA Group A - Rs 260 per Cr (0.0026%)
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ICICI Direct Vs Zerodha Leverage (Margin)

ICICI Direct provides the margin of Upto 25x for intraday trades whereas the Zerodha margin for intraday cash is Up to 20x (based on the stock).

  ICICI Direct Zerodha
Equity Delivery 5x with Interest 1x (no margin)
Equity Intraday Upto 25x Up to 20x (based on the stock)
Equity Futures 4x Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options 2x for shorting Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures NA Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options NA Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Futures NA Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span
Commodity Options
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Compare ICICI Direct and Zerodha Features

The trading platforms offered ICICI Direct include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Zerodha offers Kite Web, Kite Mobile for Android/iOS and Coin trading software.

  ICICI Direct Zerodha
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App Kite Web, Kite Mobile for Android/iOS and Coin
Intraday Square-off Time 3:30 PM Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader Direct Mutual Funds, APIs for Algo Trading
Referral Program Yes
Enquire ICICI DirectEnquire Zerodha
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ICICI Direct Vs Zerodha Review

ICICI Direct is rated 2.4 of 5 based on 441 customer reviews whereas Zerodha is rated 3.7 of 5 based on 422 customer reviews.

  ICICI Direct Zerodha
  441 Customer Reviews    Rate ICICI Direct 422 Customer Reviews    Rate Zerodha
Fees 2.2 3.7
Trading Brokerage 1.7 4.3
Trading Platform Usability 3.4 3.6
Customer Service 2.7 3.4
Research Capabilities 2.9 2.8
Overall Ratings Rated 2.4 stars Rated 3.7 stars
Broker Rating ICICI Direct is rated 2.4 of 5 based on 441 customer reviews Zerodha is rated 3.7 of 5 based on 422 customer reviews
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Contact Broker / Request A Call Back

  ICICI Direct Enquire Zerodha Enquire
Contact Broker

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.

Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades. Get the offer

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ICICI Direct Vs Zerodha Investment Options

  ICICI Direct Zerodha
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes No
Other Investment Options Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS
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ICICI Direct Vs Zerodha Order Type Offered

  ICICI Direct Zerodha
Bracket Order No No
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes Yes
Enquire ICICI DirectEnquire Zerodha
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ICICI Direct Vs Zerodha Research Report

  ICICI Direct Zerodha
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 Zerodha Suitable For Investor Type

  ICICI Direct Zerodha
Casual Investor Yes Yes
Active Investor Yes
Trader Yes
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ICICI Direct Vs Zerodha - Pros and Cons

  ICICI Direct Zerodha
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.
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Excellent trading platforms (Kite) available for free.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Brokerage is 0.03% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • Direct Mutual Fund Investment is available.
  • Over 10 lakha+ active customers and 10% of daily volume at BSE, NSE and MCX.
  • Zerodha Referral Program offers 10% broekrage share to clients you refer.
  • Good Till Triggered (GTT) order are available. These are simillar to GTC orders.
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.
  • Doesn't provide stock tips, research reports or recommendations.
  • Call & Trade is charged at extra Rs 50 order.
  • Auto Square off is charged at extra Rs 50 order.
  • Doesn't offer 3-in-1 account.
  • Doesn't offer unlimited trading plans.
  • Doesn't offer AMC Free Demat account.
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 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 Zerodha, simply leave your contact information with us and Zerodha representatives will call you.

Enquire ICICI DirectEnquire Zerodha

Frequently Asked Questions

  1. 1. Compare between ICICIDirect and Zerodha?

    ICICI Direct is a full-service broker while Zerodha is an online discount broker. ICICI Direct offers a wide range of financial services in addition to trading while Zerodha is trading only. ICICI Brokerage charges are very high in comparison to Zerodha. ICICI Direct offers a 3-in-1 account while Zerodha offers a 2-in-1 account.

    Compare Between ICICIDirect and Zerodha

    ICICI Direct Zerodha

    Full-Service Broker

    Discount Broker

    Have 100's of branches

    No branches

    Personalized services through RM.

    No personalized services.

    Offer 3-in-1 account

    Offer 2-in-1 account

    % based brokerage charges. 0.55% for equity delivery.

    Flat Rs 20 per trade brokerage. Free for equity delivery.

    Charge very high brokerage

    Brokerage is ultra-low.

    Doesn't offer commodity trading.

    Offer commodity trading.

    Free trading website and mobile app. Paid installable trading terminal.

    Free trading website and mobile app. Doesn't offer a trading terminal.

    Also offer Mutual Funds, Insurance, Corporate FDs, Bonds, IPO and Loans

    Offer Mutual funds and online IPO.

    20+ years old trading platform.

    Trading platform is built on the latest technology.

    Minimum brokerage charge is Rs 35 per trade

    Minimum brokerage charge is 0.03% which is very low.

    Find more detail at:

     

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ICICI Direct Zerodha
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