ICICI Direct vs Edelweiss 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 Edelweiss
Edelweiss Broking Ltd. is a full-time broker company operating in the capital market for more than a decade. It is part of the Edelweiss Group, one of the leading companies that provide financial services in India. It's products and services span multi-asset classes and caters to a diversified set of clients including corporations. individuals and organizations. Claiming to be your wealth advisor, Edelweiss has earned several awards in the category of best broking and digital services over the years.
Edelweiss Broking Ltd: An Overview
Founded back in 1995, The Edelweiss group commenced the commodity trading business in 2008. It is a Mumbai-based share broking company with a client base of 12 lakh spread across 200 locations in India. One of the biggest milestones of Edelweiss was the acquisition of The Jaypee Morgan Asset Management Company(AMC) in 2016. It is a registered broker with the NSE, BSE, MCX and NCDEX exchanges that
ICICI Direct vs Edelweiss Account Opening Charges: 2024
| Charge | ICICI Direct | Edelweiss |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹975 (One-time) | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹700 per year | ₹500 p.a. (For 1st year: Free) |
ICICI Direct vs Edelweiss Brokerage Charges and Plans : 2024
| Charge | ICICI Direct | Edelweiss |
|---|---|---|
| Plan Name | I-Secure Plan | Lite Plan |
| Equity Delivery | 0.55% | ₹10 per executed order |
| Equity Intraday | 0.275% | ₹10 per executed order |
| Equity Futures | 0.050% | ₹10 per executed order |
| Equity Options | ₹95 per lot and Option (Intraday) ₹50 per lot | ₹10 per executed order |
| Currency Futures | 0.050% and Currency Futures(Intraday) ₹50 | ₹10 per executed order |
| Currency Options | ₹25 per lot and Currency Options (Intraday) ₹10 per lot | ₹10 per executed order |
| Commodity Options | N/A | N/A |
| Mutual Fund | N/A | N/A |
ICICI Direct vs Edelweiss Margin / Exposure: 2024
| Segment | ICICI Direct | Edelweiss |
|---|---|---|
| Equity Delivery | 5x | Upto 10x |
| Equity Intraday | Upto 25x | Upto 40x |
| Equity Future | 4x | 40x |
| Equity Options | 2x for shorting | Nil |
| Currency Future | N/A | 1.5x |
| Currency Options | N/A | Nil |
| Commodity Future | N/A | Upto 6x |
| Commodity Options | N/A | N/A |