ICICI Direct Vs Zerodha (Compare ICICI Direct and Zerodha)

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... Know more about ICICI Securities Pvt Ltd.


Zerodha
Zerodha is India's largest and most popular stock broker. It offers online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds. Zerodha charges ₹0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat ₹20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is ₹20 for an order (of any size, amount or segment). Zerodha Review 2020 Zero... Know more about Zerodha

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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 Open an Online Trading Account with ICICI Direct. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Zerodha. Leave your contact info and we will get in touch with you.
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ICICI Direct Vs Zerodha Charges & AMC

ICICI Direct trading account opening charges is ₹0 while Zerodha account opening changes is ₹200. ICICI Direct Demat Account AMC Charges is ₹700 (from 2nd year) and Zerodha Demat Account AMC Charges is ₹300.

  ICICI Direct Zerodha
Trading Account Opening Charges ₹0 ₹200
Trading Account AMC Charges ₹0 ₹0 (Free)
Demat Account Opening Charges ₹0 ₹0
Demat Account AMC Charges ₹700 (from 2nd year) ₹300
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ICICI Direct Vs Zerodha Brokerage Charges & Plans

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 ₹0 (Free) and intraday is ₹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% ₹0 (Free)
Equity Intraday Brokerage 0.275% ₹20 per executed order or .03% whichever is lower
Equity Futures Brokerage 0.05% to 0.03% ₹20 per executed order or .03% whichever is lower
Equity Options Brokerage ₹95 to ₹35 per lot ₹20 per executed order
Currency Futures Trading Brokerage 0.050% to 0.030% ₹20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage ₹25 to ₹10 per lot ₹20 per executed order or .03% whichever is lower
Commodity Futures Trading Brokerage NA ₹20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage NA ₹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 ₹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% ₹0 (Free)
Equity Intraday Brokerage 0.75% to 0.25% ₹20 per executed order or .03% whichever is lower
Equity Futures Brokerage 0.05% to 0.03% ₹20 per executed order or .03% whichever is lower
Equity Options Brokerage ₹95 to ₹65 per lot ₹20 per executed order
Currency Futures Trading Brokerage 0.05% to 0.03% ₹20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage 0.25 to ₹65 per lot ₹20 per executed order or .03% whichever is lower
Commodity Futures Trading Brokerage NA ₹20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage NA ₹20 per executed order or .03% whichever is lower
Enquire ICICI DirectEnquire Zerodha

ICICI Direct Vs Zerodha Brokerage Plan 3

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

ICICI Direct Charges Vs Zerodha

Minimum Brokerage Charges ₹35 per trade 0.03% in Intraday and F&O
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges ₹25 per call after first 20 free calls per month ₹50 per executed order
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ICICI Direct Vs Zerodha Transaction Charges

ICICI Direct transaction charges for options is ₹5000 per Cr (0.05%) (on premium) while Zerodha exchange transaction charges for options is NSE ₹5000 per Cr (0.05%) (on premium).

  ICICI Direct Zerodha
Equity Delivery NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Intraday NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Futures ₹180 per Cr (0.0018%) NSE ₹190 per Cr (0.0019%)
Equity Options ₹5000 per Cr (0.05%) (on premium) NSE ₹5000 per Cr (0.05%) (on premium)
Currency Futures ₹120 per Cr (0.0012%) NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%)
Currency Options ₹5000 per Cr (0.05%) (on premium) NSE ₹3500 per Cr (0.035%) | BSE ₹100 per Cr (0.001%) (on premium)
Commodity NA Group A - ₹260 per Cr (0.0026%)
Enquire ICICI DirectEnquire Zerodha
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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 DirectEnquire Zerodha
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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 Available 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 3:10 PM
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader Direct Mutual Funds, APIs for Algo Trading
Referral Program Yes
Enquire ICICI DirectEnquire Zerodha
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ICICI Direct Vs Zerodha Review

ICICI Direct is rated 2.4 of 5 based on 426 customer reviews whereas Zerodha is rated 3.7 of 5 based on 390 customer reviews.

  ICICI Direct Zerodha
  426 Customer Reviews    Rate ICICI Direct 390 Customer Reviews    Rate Zerodha
Fees 2.3 3.8
Trading Brokerage 1.7 4.3
Trading Platform Usability 3.4 3.6
Customer Service 2.7 3.4
Research Capabilities 3.1 2.7
Overall Ratings Rated 2.4 stars Rated 3.7 stars
Broker Rating ICICI Direct is rated 2.4 of 5 based on 426 customer reviews Zerodha is rated 3.7 of 5 based on 390 customer reviews
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Contact Broker / Request A Call Back

  ICICI Direct Enquire Zerodha Enquire
Contact Broker

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.

Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer

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ICICI Direct Vs Zerodha Investment Options

  ICICI Direct Zerodha
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (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
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ICICI Direct Vs Zerodha Order Type Offered

  ICICI Direct Zerodha
Bracket Order No Yes
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
Enquire ICICI DirectEnquire Zerodha
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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
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ICICI Direct Vs Zerodha Suitable For Investor Type

  ICICI Direct Zerodha
Casual Investor Yes
Active Investor Yes
Trader Yes
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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 ₹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 broke₹in India.
  • Very high 'minimum brokerage' of ₹35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hou₹of trading.
  • Trading Terminal (Trade Racer) cost ₹75 per month if brokerage paid in a month is less then ₹750.
  • Demat Account is mandatory.
  • Commodity trading is not available for retail investors.
  • Call & trade cost extra ₹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 ₹50 order.
  • Auto Square off is charged at extra ₹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 ₹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 DirectEnquire Zerodha

Frequently Asked Questions

  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 ₹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 ₹35 per trade

    Minimum brokerage charge is 0.03% which is very low.

    Find more detail at:

     

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