ICICI Direct Vs Zerodha (Compare ICICI Direct and Zerodha)

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
Exchnage Membership	BSE, NSE	NSE, BSE, MCX and NCDEX
Year of Incorporation	2000	2010
Number of Branches	154	22
	Open ICICI Direct Account	Open Zerodha Account

ICICI Direct Vs Zerodha Charges & AMC

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

	ICICI Direct	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

ICICI Direct Vs Zerodha Brokerage

ICICI Direct 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.

	ICICI Direct	Zerodha
Account Type	ICICI Neo Plan	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.

ICICI Direct Vs Zerodha Brokerage Plan 2

	ICICI Direct	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 ICICI Direct Account	Open Zerodha Account

ICICI Direct 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

ICICI Direct Vs Zerodha Transaction Charges

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
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 ICICI Direct Account	Open Zerodha Account

ICICI Direct Vs Zerodha Leverage (Margin)

ICICI Direct margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Zerodha margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	ICICI Direct	Zerodha
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
	Open ICICI Direct Account	Open Zerodha Account

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
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 ICICI Direct Account	Open Zerodha Account

ICICI Direct Vs Zerodha Review

ICICI Direct is rated 2.4 of 5 based on 449 customer reviews whereas Zerodha is rated 3.7 of 5 based on 435 customer reviews.

	ICICI Direct	Zerodha
	449 Customer Reviews	435 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICI Direct is rated 2.4 of 5 based on 449 customer reviews	Zerodha is rated 3.7 of 5 based on 435 customer reviews

ICICI Direct Vs Zerodha Investment Options

	ICICI Direct	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

ICICI Direct Vs Zerodha Order Type Offered

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

ICICI Direct Vs Zerodha Research Report

	ICICI Direct	Zerodha
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

ICICI Direct Vs Zerodha Suitable For Investor Type

	ICICI Direct	Zerodha
Casual Investor
Active Investor
Trader

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.	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 (Intraday and F&O) 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 ICICI Direct Account	Open Zerodha Account

1. 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

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2. 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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