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 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, India's top financial service provider offering banking and other financial services. ICICI Securities offers 'online trading and investment' services to over 20 lakhs customers through ICICI Direct (ICICIDirect.com).
ICICIDirect.com is the flags...
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).
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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 | |
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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 |
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Enquire ICICI Direct | Enquire Zerodha |
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 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 | 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 | 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 |
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 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 | |
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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 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 |
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 | |
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3 in 1 Account | ![]() |
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Charting | ![]() |
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Automated Trading | ![]() |
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SMS Alerts | ![]() |
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Online Demo | ![]() |
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Online Portfolio | ![]() |
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Margin Trading Funding Available | ![]() |
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Margin Against Shares (Equity Cash) | ![]() |
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Margin Against Shares (Equity F&O) | ![]() |
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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 | ![]() |
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Enquire ICICI Direct | Enquire Zerodha |
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 | |
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Bracket Order | ![]() |
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Cover Order | ![]() |
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Buy Today Sell Tomorrow (BTST) | ![]() |
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Sell Today Buy Tomorrow (STBT) | ![]() |
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After Market Order(AMO) | ![]() |
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Good Till Cancelled (GTC) | ![]() |
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Enquire ICICI Direct | Enquire Zerodha |
ICICI Direct | Zerodha | |
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Pros |
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Cons |
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Reviews | ||
Promo / Offers | ICICI 3-in-1 AccountICICI 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 TradingGet 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 |
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. |
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