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ICICIDirect Vs Zerodha (Compare ICICIDirect and Zerodha)

The side-by-side comparison of ICICIDirect and Zerodha. Compare ICICIDirect Vs Zerodha brokerage, charges, exposure margin, demat account. Read Zerodha and ICICIDirect review.

Find out ICICIDirect Vs Zerodha which is better and ICICIDirect Vs Zerodha which is best.

Our ICICI Securities Pvt Ltd. comparison with Zerodha highlights the major differences between two brokers. Find the best between ICICIDirect and Zerodha.

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ICICIDirect Vs Zerodha

  ICICI Securities Pvt Ltd. Zerodha
 
ICICI Securities Pvt Ltd. Logo Zerodha Logo
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... Know more about ICICI Securities Pvt Ltd. 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... Know more about Zerodha
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE NSE, BSE, MCX and NCDEX
Account Type 3-in-1 Account (I-Secure Plan) Standard Plan
Broker Enquiry Open an Online Trading Account with ICICIDirect. 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.
Year of Incorporation 2000 2010
Number of Branches 154 22
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ICICIDirect Vs Zerodha Charges

  ICICI Securities Pvt Ltd. Zerodha
Trading Account Opening Fees ₹975 ₹300
Trading Account AMC ₹0 ₹0 (Free)
Demat Account Opening Fees ₹0 ₹100
Demat Account AMC ₹450 ₹300
Demat Account is Mandatory? No No
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ICICIDirect Vs Zerodha Brokerage

Brokerage Plan 1

  ICICI Securities Pvt Ltd. Zerodha
Account Type 3-in-1 Account (I-Secure Plan) Standard Plan
Fixed Charges
Equity Delivery Brokerage 0.55% ₹0 (Free)
Equity Intraday Brokerage 0.275% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.05% to 0.03% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹95 to ₹35 per lot ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage 0.050% to 0.030% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹25 to ₹10 per lot ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage NA ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage NA ₹20 per executed order or .01% whichever is lower

Brokerage Plan 2

  ICICI Securities Pvt Ltd. Zerodha
Account Type I-Saver Plan Standard 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 .01% whichever is lower
Equity Futures Brokerage 0.05% to 0.03% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹95 to ₹65 per lot ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage 0.05% to 0.03% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹95 to ₹65 per lot ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage NA ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage ₹20 per executed order or .01% whichever is lower

Other Charges

Minimum Brokerage Charges ₹35 per trade ₹0
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 ₹20 per executed order
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ICICIDirect Vs Zerodha Taxes

  ICICI Securities Pvt Ltd. Zerodha
Securities Transaction Tax (STT)
  • 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)
  • 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)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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ICICIDirect Vs Zerodha Transaction Charges

  ICICI Securities Pvt Ltd. Zerodha
Equity Delivery NSE: 0.0031% | BSE: 0.0028% NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Intraday NSE: 0.0031% | BSE: 0.0028% NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Futures 0.0018% NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Options 0.05% on Premium NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium)
Currency Futures 0.0012% NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%)
Currency Options 0.05% on Premium NSE ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium)
Commodity NA Group A - ₹260 per Cr (0.0026%)
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ICICIDirect Vs Zerodha Exposure Margin

  ICICI Securities Pvt Ltd. 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
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ICICIDirect and Zerodha Feature Comparison

  ICICI Securities Pvt Ltd. 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
Margin Against Shares (Equity F&O) Yes
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App Kite Web, Kite Android/iOS, Pi, Coin, Kite mobile
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
Referral Program Yes
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ICICIDirect Vs Zerodha Review

  ICICI Securities Pvt Ltd. Zerodha
  401 Customer Reviews    Rate ICICIDirect 347 Customer Reviews    Rate Zerodha
Fees Ratings 2.3 3.8
Trading Brokerage Rating 1.7 4.4
Trading Platform Usability 3.4 3.6
Customer Service Ratings 2.8 3.5
Overall Ratings Rated 2.4 stars Rated 3.8 stars
Broker Rating ICICIDirect is Rated 2.4 / 5 based on 401 customer reviews Zerodha is Rated 3.8 / 5 based on 347 customer reviews
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Contact Broker / Request A Call Back

  ICICI Securities Pvt Ltd. Zerodha
Contact / Request Call Back
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ICICIDirect Vs Zerodha Investment Options

  ICICI Securities Pvt Ltd. Zerodha
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
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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ICICIDirect Vs Zerodha Customer Service

  ICICI Securities Pvt Ltd. Zerodha
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes No
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ICICIDirect Vs Zerodha Order Type Offered

  ICICI Securities Pvt Ltd. Zerodha
Bracket Order No Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes No
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ICICIDirect Vs Zerodha Research Report

  ICICI Securities Pvt Ltd. Zerodha
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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ICICIDirect Vs Zerodha Suitable For Investor Type

  ICICI Securities Pvt Ltd. Zerodha
Casual Investor Yes
Active Investor Yes
Trader Yes
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ICICIDirect Vs Zerodha - Advantages and Disadvantages

  ICICI Securities Pvt Ltd. 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.

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
  • 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 Useful Articles about Zerodha:
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.

Truly 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 about ICICIDirect Enquire about Zerodha
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