ICICI Direct vs Finvasia 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 Finvasia
Finvasia, a financial services company providing a wide array of services in the the financial sector. With Finvasia Securities having its base in Chandigarh, it's an emerging platform to join the race of discount brokers in India.
Finvasia is an international wealth management and broking fintech company rapidly growing in the Indian arena. this technology-driven Firm offers a very diversified business model ranging from capital market advisory to commodity broking and everything in between. With the aim To promote direct investments, It currently operates in 14 countries including Australia, Brazil, Canada, London, and others. The Indian office of the broker is situated in Chandigarh.
Finvasia: an overview
Finvasia was founded by Ex-wall street professionals Sarvjeet Singh Virk and Tajinder Singh Virk in 2009 in Canada. The brother duo initially came to India as Foreign institutional investors(FII) but soon realized the need to create financial solutions for the Indian investor. The company provides
ICICI Direct vs Finvasia Account Opening Charges: 2024
| Charge | ICICI Direct | Finvasia |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 (Free) |
| Trading Acc Opening Charges | ₹975 (One-time) | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹700 per year | ₹0 (Free) |
ICICI Direct vs Finvasia Brokerage Charges and Plans : 2024
| Charge | ICICI Direct | Finvasia |
|---|---|---|
| Plan Name | I-Secure Plan | Standard |
| Equity Delivery | 0.55% | ₹0 |
| Equity Intraday | 0.275% | ₹0 |
| Equity Futures | 0.050% | ₹0 |
| Equity Options | ₹95 per lot and Option (Intraday) ₹50 per lot | ₹0 |
| Currency Futures | 0.050% and Currency Futures(Intraday) ₹50 | ₹0 |
| Currency Options | ₹25 per lot and Currency Options (Intraday) ₹10 per lot | ₹0 |
| Commodity Options | N/A | ₹0 |
| Mutual Fund | N/A | N/A |
ICICI Direct vs Finvasia Margin / Exposure: 2024
| Segment | ICICI Direct | Finvasia |
|---|---|---|
| Equity Delivery | 5x | 1x |
| Equity Intraday | Upto 25x | Upto 10x |
| Equity Future | 4x | 2x |
| Equity Options | 2x for shorting | 1x |
| Currency Future | N/A | 1x |
| Currency Options | N/A | 1x |
| Commodity Future | N/A | 2x |
| Commodity Options | N/A | 1x |