ICICI Direct Vs Zerodha (Compare ICICI Direct and Zerodha)

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	3-in-1 Account (I-Secure Plan)	Flat Brokerage Plan
Year of Incorporation	2000	2010
Number of Branches	154	22
Broker Enquiry
	Enquire ICICI Direct	Enquire Zerodha

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 700 (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 700 (from 2nd year)	Rs 300

ICICI Direct Vs Zerodha Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is 0.275% 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	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
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	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 Direct	Enquire Zerodha

ICICI Direct Vs Zerodha Brokerage Plan 3

	ICICI Direct	Zerodha
Account Type	ICICIdirect Prime Plan	Flat Brokerage Plan
Fixed Charges	Rs 900
Equity Delivery Brokerage	0.25%	Rs 0 (Free)
Equity Intraday Brokerage	0.25%	Rs 20 per executed order or .03% whichever is lower
Equity Futures Brokerage	0.025%	Rs 20 per executed order or .03% whichever is lower
Equity Options Brokerage	Rs 35	Rs 20 per executed order
Currency Futures Trading Brokerage	Rs 0	Rs 20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage	Rs 0	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 Direct	Enquire Zerodha

ICICI Direct Charges Vs Zerodha

Minimum Brokerage Charges	Rs 35 per trade	0.03% in Intraday and F&O
Other Brokerage Charges		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

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%)
	Enquire ICICI Direct	Enquire Zerodha

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
	Enquire ICICI Direct	Enquire Zerodha

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
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	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
	Enquire ICICI Direct	Enquire Zerodha

ICICI Direct Vs Zerodha Review

ICICI Direct is rated 2.4 of 5 based on 437 customer reviews whereas Zerodha is rated 3.7 of 5 based on 416 customer reviews.

	ICICI Direct	Zerodha
	437 Customer Reviews	416 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 437 customer reviews	Zerodha is rated 3.7 of 5 based on 416 customer reviews

ICICI Direct Vs Zerodha Investment Options

	ICICI Direct	Zerodha
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 Zerodha Order Type Offered

	ICICI Direct	Zerodha
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
	Enquire ICICI Direct	Enquire Zerodha

ICICI Direct Vs Zerodha Research Report

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

ICICI Direct Vs Zerodha Suitable For Investor Type

	ICICI Direct	Zerodha
Casual Investor
Active Investor
Trader

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 Direct	Enquire Zerodha

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:

   • ICICI Direct vs Zerodha - Detail Comparison
   • Full Service Vs Discount Broker

   Discuss this Question