Which is better ICICI Direct vs Interactive Brokers?

Short Answer

The differences between the two stockbrokers are plenty. But getting an up-close difference can help decide which stockbroker might be worth it. We have listed all the differences that one would want to know about the stockbrokers in detail below. Check it out.

Detailed Answer

About ICICI Direct

ICICI direct is part of ICICI securities which happens to be a full-service stockbroker in the country. It's pretty popular as well, considering it 35 lakh active users of the stockbroker, making it one of the country's most prominent stockbrokers. What makes it quite interesting is that they offer all the services right from assisting you with anything you require with the best of intent. These services range towards offline meetups, interacting with someone face-to-face to clear doubts, and much more.

The stockbroker comprises more than 154 branches spread across the country and has reasonable fees considering the features and services they have to offer. The AMC for a trading account is 700 rupees per year. While opening a trading demat account, AMC for the demat account is all capped at zero rupees. Moreover, the stockbroker's brokerage fee is capped at 0.55% for equity delivery, equity options is between 35 and 95 rupees per lot, and currency options is 10-25 rupees per lot.

Another significant factor about ICICI Direct is that they offer research facilities such as daily market reports, news alerts, tips, analysis, and more. the segments of trade are associated with equity, currency, mutual funds, and IPOs'. Unfortunately, they don't offer trading in the commodity segment.

About Interactive brokers

Interactive brokers aren't part of India but are a US-based firm with their branch opened up in Mumbai. They are quite a well-versed stock brokerage firm with more than 1100+ employees and a presence in over 100+ countries. With such a global presence, the offerings are pretty limited. However, to know anything about the broker, let it be customer services, opening an account, trading assistance, and more, it's all carried out online.

Though the stockbroker has only one branch in the country, they offer trading facilities in the NSE and BSE. The account charges are capped on the AMC of the trading account with 200 rupees monthly, and its Zero rupees for opening a trading account, demat account, and AMC for Demat account. Then, moving on towards the brokerage charges, it all comes between 6 rupees and 20 rupees per trade executed. Coming down to the research aspect, then it doesn't provide much, and the segment in which you can trade in are equity and currency.

ICICI Direct vs. Interactive Brokers

Both the stockbrokers, as discussed above, are well versed and experienced in their respective fields. While one might be overpowering the others, it all comes towards personal preference. Thus, try to compare both of them in terms of your preferences to get the best experience using the services and features they have to offer.

Tagged With: icici directinteractive brokersicici direct vs interactive brokersstockbrokers
Ask your query and our expert community would be happy to help
Discussion (0)
Related FAQs

Which is better Groww vs. ICICI Direct?

As online trading is getting popular every day, it is becoming even more important to choose the right trading platform. Choosing the best trading platform can give you more flexibility to trade in the various trading market.

ICICI Direct vs. Paytm Money - Which is better?

ICICI Direct and Paytm Money are both stockbrokers with a high customer base and offer different tools and platforms for executing trades. But then ICICI Direct comes on top given its decades of experience as a full stockbroker and its reliability through its trading tools and investing tips. Paytm Money has the recognition but still has to strive harder to make a mark in the stockbrokers' world in terms of services and trading tools.

Is Zerodha better than Interactive Brokers?

Interactive Brokers & Zeodha are two Brokers from the Discount Broking community but both are quite different from one another in terms of Features and Working. One is an Indian discount Stock Broker whereas the other is a U.S based Discount broker that has its branches in many countries. Let's look at them in depth below.

Angel Broking vs Zerodha Comparison: Which is better stock broker?

There are a number of stock brokers in India. Here we highlight two of the leading stock broking companies: Angel Broking vs Zerodha, a comparison to read.

Which is better Sharekhan vs. Zerodha Stock Broker?

I was just going through some stock broker reviews. So, I thought of sharing my opinion, A side by side Comparison of two popular stock brokers: Sharekhan vs. Zerodha.

Is ICICI direct good for beginners?

ICICI Direct is a reputable stockbroker in the country. However, choosing it as a beginner can be a hurdle as you do need some experience.

Which is better Angel Broking vs. Groww?

Comparing the two stockbrokers to see which ones is the best can be a hurdle given that they both have so much to offer. However, if you want to know the broker, is that better? Then we have all the differences and comparisons listed below.

Which is better HDFC Securities vs Paytm Money?

The differences between the two stockbrokers might be plenty, but the better one between them comes down to the differences they sport. Let’s learn a bit more about them and understand what each one has to offer before making a final decision.

Which is better Paytm Money vs. SBI Cap Securities?

Paytm Money and SBI Cap Securities have many differences when it comes to the brokerage, segments of investment offered, and other such parameters. We have illustrated everything in detail below to know what these differences are and which one you might want to choose.

Angel Broking vs. Paytm Money - Which is better?

Angel Broking and Paytm Money both these platforms are popular among traders. But if you are a beginner or if you want to switch to a new trading platform and you are considering choosing one of these two, and then you came to the right place.