ICICI Direct: Trading & Demat Account, Reviews, Charges: 2024

ICICI Direct is a retail broking branch of the ICICI group: India's top financial services provider. It is a full-time stockbroking company with a presence in 87 locations across the country with more 200 offices serving over 20 lakh customers every day. It is the 2nd largest stock broking company in India succeeded by Zerodha Ltd. This retail trading and investment platform offers a wide range of services to invest in stocks and other financial instruments.

ICICI Direct: Overview

The online share trading platform provides a complete investing and trading solution via products like equity trading, derivative trading, mutual funds, bonds, IPOs, NCD, loans, Fixed deposits , insurance etc all in one platform.From complete financial goal based planning to intraday trading in the stock market, ICICI direct is a one-stop solution.

The USP of this firm is the 3-in-1 account service which includes ICICI bank account, trading account and Demat account for convenient and hassle-free transactions. Being a subsidiary of a patented financial services bank, it has a leverage over other stock brokers. The clients can login into icicidirect.com or just visit a ICICI bank for any queries or issues with their trade. It enhances a sense of trust and reliability among people.

Trading in both BSE and NSE, it offers 3 types of plans to its customers.

1. I-Secure Plan: This offers a fixed brokerage irrespective of your turnover value.

2. ICICI Direct Prepaid Brokerage Plan: In this, you pay a one-time upfront amount at discounted prices. There are 6 Prepaid plans offered by ICICI direct with an upfron fee starting from Rs.10000 only.

3. ICICI Direct Prime plan: An eATM or Equity ATM facility offers same day credit to trading account when you sell stocks. There are 3 types of Prime Plans where the yearly fee ranges between Rs.900 to Rs.9500.

All the plans are valid for 365 days. However, there is a minimum brokerage charge in I-Secure Plan i.e Rs. 35 per trade or 2.5% of trade value whichever is lesser. Whereas for the ICICI Prepaid and Prime Plan a minimum brokerage of Rs. 25 per trade or 2.5% of trade value whichever is lesser.

ICICI Trading Tools and Platforms-

1. Browser based:

ICICIDirect.com website is one of the most visited investment portals in India. It is a HTML based platform which works on both windows and MAC. It offers insights on real time trading as well as a section for financial learning courses.

2. ICICI Trade Racer:

The broker offers Trade Racer, an installable trading terminal for regular traders. The desktop trading software is filled with a variety of tools for high-speed and volume trading. There are no installation charges for this terminal.

3. ICICI Direct Mobile Application:

ICICI offers a direct mobile app for both android and IOS user to trade and invest on-the-go. It offers all products and service along with real-time updates and portfolio notifications.

ICICI Direct Account Opening Process

Let's know how to Open an ICICI Direct Securities Ltd. Account?

You need to follow a small process for opening the ICICI Direct Securities Ltd. Account.

For trading with ICICI securities, you need to open 3 accounts i.e an ICICI bank account, trading account and Demat account. Users with am existing ICICI bank account can link the trading account with it. There are just 2 easy ways for opening an account.

  1. Visit ICICI Direct.com and click on 'open account'. Fill an application form and they will reach out to you.

  2. Call ICICI toll free or visit a nearby ICICI bank branch. Tell

ICICI Direct Account Opening Charges: 2024

Demat Account Opening Charges₹0
Trading Acc Opening Charges₹975 (One-time)
Trading Account AMC₹0
Demat Account AMC₹700 per year

ICICI Direct Account Brokerage Charges: 2024

ICICI Direct :I-Secure Plan Brokerage Charges

Plan NameI-Secure Plan
Equity Delivery0.55%
Equity Intraday0.275%
Equity Futures0.050%
Equity Options₹95 per lot and Option (Intraday) ₹50 per lot
Currency Futures0.050% and Currency Futures(Intraday) ₹50
Currency Options₹25 per lot and Currency Options (Intraday) ₹10 per lot
Commodity Options
Mutual Fund

ICICI Direct :Prepaid Plan Brokerage Charges

Plan NamePrepaid Plan
Equity Delivery0.09%\tto 0.25% (Based on Prepaid Plan Selected)
Equity Intraday0.009% to 0.025% (Based on Prepaid Plan Selected)\t
Equity Futures0.009% to 0.025% (Based on Prepaid Plan Selected)\t
Equity Options₹10/lot to ₹35/lot (Based on Prepaid Plan Selected)
Currency Futures₹0
Currency Options₹0
Commodity OptionsNot Available
Mutual Fund

ICICI Direct :Prime Plan Brokerage Charges

Plan NamePrime Plan
Equity Delivery0.15%\t to 0.25%\t
Equity Intraday0.015% to 0.025%\t
Equity Futures0.015% to 0.025%\t
Equity Options₹20 to ₹35 per lot\t
Currency Futures₹0
Currency Options₹0
Commodity OptionsNot Available
Mutual Fund

ICICI Direct Currency Trading

ICICI Direct is an award-winning stockbroker, an extended wing of the ICICI group. It is one of the popular broking firms in India which provides a broad spectrum of investment to the institutional and retail customers. 

Their website ICICIdirect.com is the most frequently visited investment portal in India which offers a

ICICI Direct Commodity Trading

ICICI Direct is the best rated online investment and retail trading platform. Basically it is a trading extension and retail investment of ICICI Securities, which is a part of the ICICI group. ICICI Securities offers online trading platform services to more than 20 lakhs customers through ICICI Direct.

ICICI Direct (ICICIDirect.com)

ICICI Direct Trading Platforms/Products Offered

If you are someone that deals with trading daily, then you might have come across several trading platforms that provide its fair share of advantages and few disadvantages. Today, we will take a closer look at a conventional trading platform known as ICICI Direct Trade Racer.

ICICI Direct Trade Racer

ICICI Direct Mobile Trading App is a well-known stock market mobile application available in India. They offer the same advanced features that its customers experience on ICICIdirect.com. We will have a detailed review of ICICI Direct Trading App, its key features, and more. 

About ICICI Direct Mobile Trading App

As ever-increasing

Ask your questions here

Frequently Asked Questions or FAQs

In order to close your Demat account with ICICI direct, you are required to download its closure form available online: https://www.icicibank.com/managed-assets/docs/personal/demat/Dematclosure.pdf and submit it in an ICICI bank branch that has a Demat services desk.

There are three ways in which users can log in to their ICICI direct account. One is through mobile; another one is through the web, and the last is through the desktop application. The procedure is standard for all the different platforms unless you forget your email address or password to login into your account.

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.

The opening charges of an ICICI Demat account is zero. However, the Demat account's annual maintenance charges are 700 rupees per annum, and the trading account opening charges are 975 rupees per annum.