ICICIDirect Vs Zerodha Share Broker Comparison
The side-by-side comparison of ICICI Securities Pvt Ltd. and Zerodha stock brokers in India. The comparison below highlights the similarities and differences between ICICIDirect and Zerodha's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among ICICIDirect and Zerodha.
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ICICI Securities Pvt Ltd. |
Zerodha |
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| About the Broker |
ICICIdirect 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...  |
Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage Company) for trading in Stock, Commodity and Currency Derivative. It charges a brokerage of 0.01% or Rs 20 per executed... |
Type of Broker
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Full Service Broker |
Discount Broker |
| Supported Exchnage
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BSE, NSE |
NSE, BSE, MCX and NCDEX |
| Account Type
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3-in-1 Account (I-Secure Plan) |
Standard Plan |
| Broker Enquiry |
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Stock Broker Fees / Charges
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ICICI Securities Pvt Ltd. |
Zerodha |
| Trading Account Opening Fees
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₹975 |
₹300 |
| Trading Account AMC
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₹0 |
₹0 (Free) |
| Demat Account Opening Fees
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₹0 |
₹100 |
| Demat Account AMC
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₹600 |
₹300 |
| Demat Account is Mandatory?
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No |
No |
Trading Brokerage Charges
Brokerage Plan 1
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ICICI Securities Pvt Ltd. |
Zerodha |
| Account Type |
3-in-1 Account (I-Secure Plan) |
Standard Plan |
| Fixed Charges
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| Equity Delivery Brokerage
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0.55% |
₹0 (Free) |
| Equity Intraday Brokerage
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0.275% |
₹20 per executed order or .01% whichever is lower |
| Equity Futures Brokerage
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0.05% to 0.03% |
₹20 per executed order or .01% whichever is lower |
| Equity Options Brokerage
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₹95 to ₹35 per lot |
₹20 per executed order or .01% whichever is lower |
| Currency Futures Trading Brokerage
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0.050% to 0.030% |
₹20 per executed order or .01% whichever is lower |
| Currency Options Trading Brokerage
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₹25 to ₹10 per lot |
₹20 per executed order or .01% whichever is lower |
| Commodity Futures Trading Brokerage
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NA |
₹20 per executed order or .01% whichever is lower |
| Commodity Options Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
Brokerage Plan 2
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ICICI Securities Pvt Ltd. |
Zerodha |
| Account Type |
I-Saver Plan |
Standard Plan |
| Fixed Charges
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| Equity Delivery Brokerage
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0.75% to 0.25% |
₹0 (Free) |
| Equity Intraday Brokerage
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0.75% to 0.25% |
₹20 per executed order or .01% whichever is lower |
| Equity Futures Brokerage
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0.05% to 0.03% |
₹20 per executed order or .01% whichever is lower |
| Equity Options Brokerage
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₹95 to ₹65 per lot |
₹20 per executed order or .01% whichever is lower |
| Currency Futures Trading Brokerage
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0.05% to 0.03% |
₹20 per executed order or .01% whichever is lower |
| Currency Options Trading Brokerage
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₹95 to ₹65 per lot |
₹20 per executed order or .01% whichever is lower |
| Commodity Futures Trading Brokerage
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NA |
₹20 per executed order or .01% whichever is lower |
| Commodity Options Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
Other Charges
| Minimum Brokerage Charges
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₹35 per trade |
₹0 |
| Other Brokerage Charges
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Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS |
| Call & Trade Charges
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₹25 per call after first 20 free calls per month |
₹20 per executed order |
Taxes
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ICICI Securities Pvt Ltd. |
Zerodha |
| Securities Transaction Tax (STT)
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- Equity Intraday: 0.025% (on Sell trade)
- Equity Delivery: 0.1% (on Buy and Sell)
- Equity Futures: 0.01% (on Sell trade)
- Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
- Currency Futures: Nil
- Currency Options: Nil
- Commodities: 0.01% on sell side (Non-Agri)
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- Equity Intraday: 0.025% (on Sell trade)
- Equity Delivery: 0.1% (on Buy and Sell)
- Equity Futures: 0.01% (on Sell trade)
- Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
- Currency Futures: Nil
- Currency Options: Nil
- Commodities: 0.01% on sell side (Non-Agri)
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| Exchange Transaction Charges
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Check table below |
Check table below |
| SEBI Charges
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Rs 15 per Crore |
Rs 15 per Crore |
| Goods and Services Tax (GST)
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18% on (brokerage + transaction charges) |
18% on (brokerage + transaction charges) |
| Stamp Duty
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Charged as per the state of the client's correspondence address. |
Charged as per the state of the client's correspondence address. |
Transaction Charges
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ICICI Securities Pvt Ltd. |
Zerodha |
| Equity Delivery
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NSE: 0.0031% | BSE: 0.0028% |
NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) |
| Equity Intraday
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NSE: 0.0031% | BSE: 0.0028% |
NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) |
| Equity Futures
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0.0018% |
NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side) |
| Equity Options
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0.05% on Premium |
NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium) |
| Currency Futures
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0.0012% |
NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%) |
| Currency Options
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0.05% on Premium |
NSE ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium) |
| Commodity
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NA |
Group A - ₹260 per Cr (0.0026%) |
Exposure
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ICICI Securities Pvt Ltd. |
Zerodha |
| Equity Delivery
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1x (no margin) |
| Equity Intraday
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Up to 20x (based on the stock) |
| Equity Futures
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Equity Options
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Futures
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Options
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Commodity
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span |
Share Broker Features
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ICICI Securities Pvt Ltd. |
Zerodha |
| 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
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ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App |
Kite Web, Kite Android/iOS, Pi, Coin |
| Intraday Square-off Time
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3:30 PM |
3:10 PM |
| Other Features
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Direct Mutual Funds |
Broker Ratings (Average User Rating)
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ICICI Securities Pvt Ltd. |
Zerodha |
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397 Customer Reviews  |
329 Customer Reviews |
| Fees Ratings |
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| Trading Brokerage Rating |
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| Trading Platform Usability |
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| Customer Service Ratings |
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| Overall Ratings |
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| Broker Rating |
ICICIDirect is Rated 2.4 / 5 based on 397 customer reviews |
Zerodha is Rated 3.8 / 5 based on 329 customer reviews |
Contact Broker / Request A Call Back
Investment Options Available
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ICICI Securities Pvt Ltd. |
Zerodha |
| Stock / Equity
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| Commodity
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| Currency
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| Initial Public Offers (IPO)
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| Mutual Funds
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| Bond / NCD
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| Debt
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| Other Investment Options
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Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS |
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Customer Service Offered
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ICICI Securities Pvt Ltd. |
Zerodha |
| 24/7 Customer Service
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| Onine Live Chat
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| Through Branches
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Order Type
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ICICI Securities Pvt Ltd. |
Zerodha |
| 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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Research / Tips / Reports Published
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ICICI Securities Pvt Ltd. |
Zerodha |
| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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Suitable for Investor Category
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ICICI Securities Pvt Ltd. |
Zerodha |
| Casual Investor
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| Active Investor
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| Trader
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Pros, Cons and Other Review Comments
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ICICI Securities Pvt Ltd. |
Zerodha |
| Pros
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- 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.
More Advantages... |
- Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
- Excellent trading platforms made available for free to all its customers.
- Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
- Brokerage is 0.01% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
- 10% referral credit for reffering new customers.
- Direct Mutual Fund Investment is available.
- Over 7L+ customers and 8% of daily volume at BSE, NSE and MCX.
More Advantages... |
| Cons
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- 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.
More Disadvantages... |
- Doesn't provide stock tips, research reports or recommendations.
- Call & Trade is charged at extra Rs 20 order.
- Doesn't provide options to invest in IPO, Bond and NCD's public offers.
- Margin funding is not available.
- GTC/GTD not available in Equity.
More Disadvantages... |
| Reviews
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Useful Articles about Zerodha:
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| Promo / Offers
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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. |
Truly free equity delivery trading
Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.
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Enquire about ICICIDirect
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Enquire about Zerodha
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Zerodha
Zero Account Opening Fee