ICICI Direct vs Angel Broking Comparison: 2024
About ICICI Direct
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
About Angel Broking
In this post, you'll know about Angel Broking Trading and Demat Account Opening and Brokerage Charges. You can also have a sneak peak into the Angel Broking apps and important features.
Angel Broking: An Overview
Angel Broking is a leading stock broking and wealth management firm. The company was founded in 1987 and has grown over the years as a leading Financial Investment service provider in India. Angel Broking serves more than 1 million customers with its presence in 900+ cities with 8500+ strong network of sub-brokers.
So, let's begin with the wide range of products and services that Angel Broking offers you.
Angel Broking: Product and Services Offered
- Equity
- Initial Public Offering (IPO)
- Commodity Trading
- Currency Trading
- Derivatives
- Life Insurance
- Mutual Funds
- Portfolio Management Service (PMS)
- Depository Services
- Investment Advisory
- Offline to Online conversion
- Intraday Trading
It provides the iTrade Prime (Flat fee) Trading Plan which has Free Equity Delivery and
ICICI Direct vs Angel Broking Account Opening Charges: 2024
| Charge | ICICI Direct | Angel Broking |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹975 (One-time) | ₹600 (One-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹700 per year | ₹450 (from 2nd year onwards) |
ICICI Direct vs Angel Broking Brokerage Charges and Plans : 2024
| Charge | ICICI Direct | Angel Broking |
|---|---|---|
| Plan Name | I-Secure Plan | iTrade Prime |
| Equity Delivery | 0.55% | ₹0 |
| Equity Intraday | 0.275% | Flat ₹20 per executed order |
| Equity Futures | 0.050% | Flat ₹20 per executed order |
| Equity Options | ₹95 per lot and Option (Intraday) ₹50 per lot | Flat ₹20 per executed order |
| Currency Futures | 0.050% and Currency Futures(Intraday) ₹50 | Flat ₹20 per executed order |
| Currency Options | ₹25 per lot and Currency Options (Intraday) ₹10 per lot | Flat ₹20 per executed order |
| Commodity Options | N/A | Flat ₹20 per executed order |
| Mutual Fund | N/A | N/A |
ICICI Direct vs Angel Broking Margin / Exposure: 2024
| Segment | ICICI Direct | Angel Broking |
|---|---|---|
| Equity Delivery | 5x | Upto 3x |
| Equity Intraday | Upto 25x | Upto 10x |
| Equity Future | 4x | Upto 4x |
| Equity Options | 2x for shorting | 3x for shorting |
| Currency Future | N/A | Upto 2x |
| Currency Options | N/A | Upto 5x for shorting |
| Commodity Future | N/A | 3x |
| Commodity Options | N/A | N/A |