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ICICIdirect Vs Zerodha (Compare ICICIdirect and Zerodha)

About ICICIdirect
ICICIdirect 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. ICICIdirect's most popular service is its 3-in-1 account, which includes ICICI Bank Account, ICICI Tr...

ICICIdirect Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs

About 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...

Zerodha Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs

ICICIdirect Vs Zerodha

Incorporated in 2000, ICICIdirect 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.

	ICICIdirect	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 ICICIdirect Account	Open Zerodha Account

ICICIdirect Vs Zerodha Charges & AMC

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

	ICICIdirect	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

ICICIdirect Vs Zerodha Brokerage

ICICIdirect 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.

Account Type	ICICIdirect ICICI Neo Plan	Zerodha 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.

ICICIdirect Vs Zerodha Brokerage Plan 2

	ICICIdirect	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 ICICIdirect Account	Open Zerodha Account

ICICIdirect 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

ICICIdirect Vs Zerodha Transaction Charges

ICICIdirect 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).

	ICICIdirect	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 ICICIdirect Account	Open Zerodha Account

ICICIdirect Vs Zerodha Leverage (Margin)

ICICIdirect margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Zerodha margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

	ICICIdirect	Zerodha
Equity Delivery	100% of trade value (1x leverage)	100% of trade value (1x leverage)
Equity Intraday	Up to 20% of trade value (5x leverage)	Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm)	100% of NRML margin (Span + Exposure) (1x leverage)	100% of NRML margin (Span + Exposure) (1x leverage)
	Open ICICIdirect Account	Open Zerodha Account

Compare ICICIdirect and Zerodha Features

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

	ICICIdirect	Zerodha
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	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
	Open ICICIdirect Account	Open Zerodha Account

ICICIdirect Vs Zerodha Review

ICICIdirect is rated 2.4 of 5 based on 461 customer reviews whereas Zerodha is rated 3.7 of 5 based on 454 customer reviews.

	ICICIdirect	Zerodha
	461 Customer Reviews	454 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICIdirect is rated 2.4 of 5 based on 461 customer reviews	Zerodha is rated 3.7 of 5 based on 454 customer reviews

Contact Broker / Request A Call Back

	ICICIdirect 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.

ICICIdirect Vs Zerodha Investment Options

	ICICIdirect	Zerodha
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

ICICIdirect Vs Zerodha Order Type Offered

	ICICIdirect	Zerodha
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
	Open ICICIdirect Account	Open Zerodha Account

ICICIdirect Vs Zerodha Research Report

	ICICIdirect	Zerodha
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

ICICIdirect Vs Zerodha Suitable For Investor Type

	ICICIdirect	Zerodha
Casual Investor
Active Investor
Trader

ICICIdirect Vs Zerodha - Pros and Cons

	ICICIdirect	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 in Options, Currency F&O and Commodity futures 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 ICICIdirect Account	Open Zerodha Account

Frequently Asked Questions

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:

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

Discuss this Question

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.
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3. Zerodha vs ICICIdirect which is best?

Zerodha and ICICIdirect are different types of brokers. Zerodha is an online discount broker offering only online trading services whereas; ICICIdirect is a full-service broker offering a wide range of products including trading, research, and advisory services.

Zerodha vs ICICIdirect

Key Factors	Zerodha	ICICIdirect
Account Type	2-in-1 Account (Trading and Demat Account)	3-in-1 Account (Bank, Trading and Demat Account)
Brokerage Plans	One simple flat rate brokerage plan	Different brokerage plans
Brokerage (Equity Delivery)	Free	0.55% to 0.30% based on plan
Products	Equity, F&O, Currency, Commodities, IPO, Mutual Funds	Equity, F&O, Currency, Commodities, IPO, Mutual Funds, Insurance, Corporate FDs, Loans.
Trading Account Opening Fees	Rs 200	Free
Research Services	No	Yes
Relationship Manager	No	Yes
Offline Branch Support	No	Yes
Margin Funding	No	Yes
Trading Platform	Best in the industry	20+ years old platform
Direct Mutual Funds	Yes	No

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4. Which is better Zerodha or ICICI Direct?
Zerodha and ICICIdirect both are stock brokers but they offer different kinds of services. Zerodha is an online flat fee broker offering stocks and mutual funds. ICICIdirect is a full-service broker that provides a range of online and offline services including research, PMS, IPO, Insurance, Mutual Funds.

Zerodha is suitable for investors who can manage to trade on their own while, ICICIdirect is for traders that need hand-holding and assistance for trading.

Zerodha is better than ICICIdirect for the following points:
- India's No.1 discount broker.
- Simple and flat brokerage model for all.
- Low-cost brokerage services.
- Offers brokerage-free Equity delivery trading. ICICIdirect charge 0.55%.
- Technologically advanced and robust trading platforms.
- No monthly/yearly subscription fees. ICICIdirect charges a yearly subscription fee in some plans.
ICICIdirect is better than Zerodha on the following grounds:
- 3-in-1 Account (Bank, Trading and Demat Account). Zerodha doesn't offer a bank account.
- Brokerage-free Equity futures trading in Neo Plan.
- Free research and advisory services.
- Personalized in-person assistance in branches or through Relationship Manager.
- Margin funding.
- Different brokerage plan options.
- Instant partial fund withdrawal on the selling of shares in Prime Plan.
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5. Is ICICI direct better than Zerodha?
ICICIdirect is a full-service broker that provides a wide range of products and services. Zerodha is India's Number 1 broker offering online trading services.

ICICIdirect and Zerodha belong to different categories of the broker. Thus, their suitability differs based on the customer trading needs. Zerodha is suitable for customers who can trade online independently. ICICIdirect is apt for beginners who need assistance for trading or are frequent F&O traders.

ICICIdirect is better than Zerodha on the following grounds:
- ICICIdirect Offers 3-in-1 Account (Bank, Trading and Demat Account). This account makes the transaction between these 3 accounts seamless and convenient.
- ICICIdirect offers a wide range of products under one umbrella - Equity, F&O, Commodity, Currency, IPO, Mutual Funds, Insurance, Corporate FD, and Loans.
- Flexi brokerage plan options are available for frequent traders.
- Offers brokerage-free Equity futures trading in Neo plan (subscription-based).
- Online and offline trading facility through branch offices.
- Relationship manager services for in-person assistance.
- Free research and advisory services.
- Offline branch support through a network of branches.
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