ICICI Direct vs IDBI Direct 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 IDBI Direct
IDBI Capital Market & securities Ltd. also known as IDBI Direct, is a widely known full-service Mumbai based stock broker with integrated banking facilities and is a truly owned subsidiary of IDBI Bank Ltd. It has made a gigantic reputation for itself within the brokerage industry and Indian trading by providing personalized support to their respective clients.
As of today, the company has a net worth of around three billion rupees and over two hundred employees are located across seventeen distinct branches, spread over seventeen cities around the nation.
As a retail broking division of the Indian centric financial services IDBI Capital offering remote-based trading with the help of internet across all the major financial segments such as Equities, F&O, Mutual Funds and Initial Public Offerings.
Also, to help the registered users, as well as investors of the company to swift investment-related decisions and better inform them about their respective online portal by
ICICI Direct vs IDBI Direct Account Opening Charges: 2024
| Charge | ICICI Direct | IDBI Direct |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹975 (One-time) | ₹500 (one-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹700 per year | ₹450 p.a. |
ICICI Direct vs IDBI Direct Brokerage Charges and Plans : 2024
| Charge | ICICI Direct | IDBI Direct |
|---|---|---|
| Plan Name | I-Secure Plan | Standard Plan |
| Equity Delivery | 0.55% | 0.50% |
| Equity Intraday | 0.275% | 0.05% |
| Equity Futures | 0.050% | 0.05% |
| Equity Options | ₹95 per lot and Option (Intraday) ₹50 per lot | ₹100 per lot |
| Currency Futures | 0.050% and Currency Futures(Intraday) ₹50 | N/A |
| Currency Options | ₹25 per lot and Currency Options (Intraday) ₹10 per lot | N/A |
| Commodity Options | N/A | N/A |
| Mutual Fund | N/A | N/A |
ICICI Direct vs IDBI Direct Margin / Exposure: 2024
| Segment | ICICI Direct | IDBI Direct |
|---|---|---|
| Equity Delivery | 5x | Nil |
| Equity Intraday | Upto 25x | Upto 4x |
| Equity Future | 4x | Nil |
| Equity Options | 2x for shorting | Nil |
| Currency Future | N/A | N/A |
| Currency Options | N/A | N/A |
| Commodity Future | N/A | N/A |
| Commodity Options | N/A | N/A |