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.
ICICIDirect Vs Zerodha
ICICIDirect
Zerodha
Find more info about broker
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 ₹20 per executed o...
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
Year of Incorporation
2000
2010
Number of Branches
154
22
Enquire ICICIDirect
Enquire Zerodha
ICICIDirect Vs Zerodha Charges
ICICIDirect
Zerodha
Trading Account Opening Fees
₹975
₹200
Trading Account AMC
₹0
₹0 (Free)
Demat Account Opening Fees
₹0
₹100
Demat Account AMC
₹450
₹300
Demat Account is Mandatory?
No
No
ICICIDirect Vs Zerodha Brokerage
Brokerage Plan 1
ICICIDirect
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
ICICIDirect
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
0.25 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
NA
₹20 per executed order or .01% whichever is lower
Brokerage Plan 3
ICICIDirect
Zerodha
Account Type
ICICIdirect Prime Plan
Standard Plan
Fixed Charges
₹900
Equity Delivery Brokerage
0.25%
₹0 (Free)
Equity Intraday Brokerage
0.25%
₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage
0.025%
₹20 per executed order or .01% whichever is lower
Equity Options Brokerage
₹35
₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage
₹0
₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage
₹0
₹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
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
ICICIDirect Vs Zerodha Taxes
ICICIDirect
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)
Exchange Transaction Charges
Check table below
SEBI Charges
Rs 15 per Crore
Goods and Services Tax (GST)
18% on (brokerage + transaction charges)
Stamp Duty
Charged as per the state of the client's correspondence address.
ICICIDirect Vs Zerodha Transaction Charges
ICICIDirect
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%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Options
₹5000 per Cr (0.05%) (on premium)
NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (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 ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium)
Commodity
NA
Group A - ₹260 per Cr (0.0026%)
ICICIDirect Vs Zerodha Exposure Margin
ICICIDirect
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
ICICIDirect and Zerodha Feature Comparison
ICICIDirect
Zerodha
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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
ICICIDirect Vs Zerodha Review
ICICIDirect
Zerodha
405 Customer Reviews
356 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating
ICICIDirect is Rated 2.4 / 5 based on 405 customer reviews Zerodha is Rated 3.8 / 5 based on 356 customer reviews
ICICIDirect Vs Zerodha Investment Options
ICICIDirect
Zerodha
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options
Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS
ICICIDirect Vs Zerodha Customer Service
ICICIDirect
Zerodha
24/7 Customer Service
Onine Live Chat
Through Branches
ICICIDirect Vs Zerodha Order Type Offered
ICICIDirect
Zerodha
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
ICICIDirect Vs Zerodha Research Report
ICICIDirect
Zerodha
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts
ICICIDirect Vs Zerodha Suitable For Investor Type
ICICIDirect
Zerodha
Casual Investor
Active Investor
Trader
ICICIDirect Vs Zerodha - Advantages and Disadvantages
ICICIDirect
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 ₹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 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.
More Disadvantages...
Doesn't provide stock tips, research reports or recommendations.
Call & Trade is charged at extra ₹20 order.
Margin funding is not available.
GTC/GTD not available in Equity.
More Disadvantages...
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.
Compare More Brokers
Zerodha
Zero Account Opening Fee