ICICI Direct vs Fyers 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 Fyers
Fyers Securities is a team of young, enthusiastic business people with over 10 years of trading and security industry experience. They are also associated with IL&FS Securities Services Limited for their demat account services and mutual fund services.
One interesting fact about this stock broker is that it pioneered a new method in investing stock called ‘Themed Investment’ providing the ability to invest in similar category of stocks. The closest similar practice would be with Exchange Traded Funds (ETFs). However, Thematic Investment offers more flexibility than ETFs, because the companies to invest in a particular theme are identified by the broker, even the community sometimes.
Fyers : Overview
Based out of Bangalore, Karnataka, Fyers was launched in 2015, and in this limited time period, it has become one of the popular discount brokers in India. Found by Tejas Khoday, Shreyas Khodey & Yashas Khodey, FYERS is basically an acronym for ‘Focus Your
ICICI Direct vs Fyers Account Opening Charges: 2024
| Charge | ICICI Direct | Fyers |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹975 (One-time) | ₹400 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹700 per year | ₹300 |
ICICI Direct vs Fyers Brokerage Charges and Plans : 2024
| Charge | ICICI Direct | Fyers |
|---|---|---|
| Plan Name | I-Secure Plan | Flat Fee Plan |
| Equity Delivery | 0.55% | ₹0 |
| Equity Intraday | 0.275% | ₹20 per executed order or 0.03% whichever is less |
| Equity Futures | 0.050% | ₹20 per executed order or 0.03% whichever is less |
| Equity Options | ₹95 per lot and Option (Intraday) ₹50 per lot | ₹20 per executed order |
| Currency Futures | 0.050% and Currency Futures(Intraday) ₹50 | ₹20 per executed order or 0.03% whichever is less |
| Currency Options | ₹25 per lot and Currency Options (Intraday) ₹10 per lot | ₹20 per executed order |
| Commodity Options | N/A | Futures: ₹20 per executed order or 0.03% whichever is less, Options: ₹20 per executed order |
| Mutual Fund | N/A | N/A |
ICICI Direct vs Fyers Margin / Exposure: 2024
| Segment | ICICI Direct | Fyers |
|---|---|---|
| Equity Delivery | 5x | 1x |
| Equity Intraday | Upto 25x | Upto 5x |
| Equity Future | 4x | Upto 4x |
| Equity Options | 2x for shorting | Upto 5x |
| Currency Future | N/A | Upto 3x |
| Currency Options | N/A | Upto 3x |
| Commodity Future | N/A | Upto 3x |
| Commodity Options | N/A | Upto 3x |