ICICI Direct Vs Zerodha (Compare ICICI Direct and 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

Expand

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
Exchnage Membership BSE, NSE NSE, BSE, MCX and NCDEX
Year of Incorporation 2000 2010
Number of Branches 154 22
Open an Online Trading Account with ICICI Direct.Open an Online Trading Account with Zerodha.
Open ICICI Direct AccountOpen Zerodha Account
Expand

ICICI Direct Vs Zerodha Charges & AMC

ICICI Direct trading account opening charges is Rs 0 (Free) 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 (Free) Rs 200
Trading Account AMC Charges Rs 0 (Free) Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 300 (from 2nd year) Rs 300
Expand

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 0.55% Rs 0 (Free)
Equity Intraday Rs 20 per order Rs 20 per executed order or .03% whichever is lower
Equity Futures Rs 0 (Free) Rs 20 per executed order or .03% whichever is lower
Equity Options Rs 20 per order Rs 20 per executed order
Currency Futures Rs 20 per order Rs 20 per executed order or .03% whichever is lower
Currency Options Rs 20 per order Rs 20 per executed order or .03% whichever is lower
Commodity Futures Rs 20 per order Rs 20 per executed order or .03% whichever is lower
Commodity Options Rs 20 per order Rs 20 per executed order or .03% whichever is lower
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: Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today.

ICICI Direct Vs Zerodha Brokerage Plan 2

  ICICI Direct Zerodha
Account Type I-Secure Plan Flat Brokerage Plan
Fixed Charges NA
Equity Delivery 0.55% Rs 0 (Free)
Equity Intraday 0.275% Rs 20 per executed order or .03% whichever is lower
Equity Futures 0.05% Rs 20 per executed order or .03% whichever is lower
Equity Options Rs 95 per lot Rs 20 per executed order
Currency Futures Rs 20 per order Rs 20 per executed order or .03% whichever is lower
Currency Options Rs 20 per order Rs 20 per executed order or .03% whichever is lower
Commodity Futures Rs 20 per order Rs 20 per executed order or .03% whichever is lower
Commodity Options Rs 20 per order Rs 20 per executed order or .03% whichever is lower
Open ICICI Direct AccountOpen Zerodha Account

ICICI Direct Charges Vs Zerodha

Minimum Brokerage Rs 35 per trade (I-Secure Plan) 0.03% in Intraday and F&O
Other Charges Margin Trading Interest: 0.025% Per day Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS
Call & Trade Charges Rs 50 per trade Rs 50 per executed order
Expand

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 Group A - Rs 260 per Cr (0.0026%) Group A - Rs 260 per Cr (0.0026%)
Open ICICI Direct AccountOpen Zerodha Account
Expand

ICICI Direct Vs Zerodha 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 Zerodha 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 Zerodha
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)
Open ICICI Direct AccountOpen Zerodha Account
Expand

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 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
Open ICICI Direct AccountOpen Zerodha Account
Expand

ICICI Direct Vs Zerodha Review

ICICI Direct is rated 2.4 of 5 based on 449 customer reviews whereas Zerodha is rated 3.7 of 5 based on 435 customer reviews.

  ICICI Direct Zerodha
  449 Customer Reviews    Rate ICICI Direct 435 Customer Reviews    Rate Zerodha
Fees 2.2 3.7
Brokerage 1.7 4.3
Trading Platform 3.3 3.6
Customer Service 2.7 3.4
Research Capabilities 2.9 2.7
Overall Ratings Rated 2.4 stars Rated 3.7 stars
Broker Rating ICICI Direct is rated 2.4 of 5 based on 449 customer reviews Zerodha is rated 3.7 of 5 based on 435 customer reviews
Expand

Contact Broker / Request A Call Back

  ICICI Direct Enquire Zerodha Enquire
Contact Broker 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 Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today.
Expand

ICICI Direct Vs Zerodha Investment Options

  ICICI Direct Zerodha
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
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
Expand

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
Open ICICI Direct AccountOpen Zerodha Account
Expand

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
Expand

ICICI Direct Vs Zerodha Suitable For Investor Type

  ICICI Direct Zerodha
Casual Investor Yes Yes
Active Investor Yes
Trader Yes
Expand

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.
  • India's No. 1 broker in terms of the number of active clients and exchange volume.
  • Safe, reliable, and most technologically advance broker in India.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Flat Rs 20 per trade brokerage for all other segments.
  • Excellent trading platforms (Kite) available for free.
  • Direct Mutual Fund Investment is available.
  • Good Till Triggered (GTT) orders are available. These are similar to GTC orders.
  • NRI Trading account is available.
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.
  • It does not provide stock tips, research, and recommendations.
  • Call & Trade is charged an extra Rs 50 per order.
  • Auto Square off is charged at an extra Rs 50 per order.
  • It does not offer a 3-in-1 account.
  • It does not offer monthly unlimited trading plans.
  • It does not offer an AMC Free Demat account.
  • No margin funding.
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 and Mutual Funds

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday & F&O +
  • Brokerage-free Direct Mutual Fund investment +
  • Trade with the best trading platform in India.

This is a limited-time offer. Open Instant Zerodha Account online and start trading today.

Open ICICI Direct AccountOpen Zerodha Account

Frequently Asked Questions

  1. 1. Compare between ICICIDirect and Zerodha?

    ICICI Direct is a full-service broker whereas Zerodha is a discount broker. In addition to Zerodha, ICICI offers free research, margin against shares, ASBA IPO application, and fund payouts in 30 minutes. Unlike Zerodha, ICICI Direct provides a 3-in-1 account.

    Both ICICI and Zerodha charge the same flat Rs 20 per trade brokerage in Intraday, Equity Options, Currency F&O, and Commodity F&O. ICICI charges higher brokerage (0.55%) for equity delivery whereas Zerodha offers it brokerage-free. ICICI Direct offers brokerage-free trading in Eq Futures whereas Zerodha charges Rs 20 per trade.

    Compare Between ICICIDirect and Zerodha

    ICICI Direct Zerodha

    Full-Service Broker

    Discount Broker

    Have 100's of branches

    No branches

    Personalized services through relationship manager.

    No personalized services.

    Free research and trading tips.

    No research was provided.

    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.

    Brokerage-free Equity Futures trading.

    Rs 20 per trade brokerage for Equity Futures 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.

    Offers margin funding.

    No margin funding.

    The minimum brokerage charge is Rs 35 per trade in Equity delivery trades.

    The minimum brokerage charge is 0.03% which is very low.

    Find more detail at:

     

  2. 2. Is Zerodha better than ICICI Direct?

    Zerodha is better than ICICI Direct in the following ways:

    • Zerodha has a superior trading platform.
    • Zerodha has much simpler and transparent pricing.
    • Zerodha offers brokerage-free equity and mutual fund investment. ICICI Direct charges 0.55% brokerage for equity delivery.
    • Zerodha call and trade charges are Rs 20 per trade while ICICI Direct charges Rs 50.
    • Zerodha doesn't charge any subscription fee. ICICI Direct charges subscription fees in the prime plan.

    ICICI Direct is better than Zerodha in the following ways:

    • ICICI Direct offers a 3-in-1 account which makes trading convenient. Zerodha offers only trading and demat accounts.
    • ICICI Direct offers free stock tips, research and advisory services. Zerodha doesn't provide advisory.
    • ICICI Direct Neo plan offers brokerage-free equity futures trading.
    • ICICI Direct offers free account opening while Zerodha charges Rs 200.
    • ICICI Direct offers instant availability of part of funds in the trading account when you sell shares.
    • ICICI Direct offers margin funding while Zerodha doesn't offer it.
    • ICICI Direct provides local support through the branch. Zerodha is an online broker with no branches.
    • ICICI Direct provides a relationship manager (RM) which Zerodha doesn't provide.
    • ICICI Direct is backed by ICICI Group, a leading financial group in India.

     

Compare More Brokers...

ICICI Direct Zerodha
Compare More Brokers:







Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App