ICICI Direct vs IIFL Securities 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 IIFL Securities
IIFL Securities is one of the leading broking firms in India with a financial parent body, IIFL group. Founded in 1995 by Nirmal Jain, this group is a renounced financial service provider with a variety of products and services. From broking to wealth management, India Infoline group has spread its arms in all possible financial sectors and has also bagged multiple awards for the same all these years.
In this article, we will cover a complete review of the broking sector of IIFL, its charges, steps to open an account, and the software it provides.
India Infoline Securities: Overview
IIFL Securities is a full-service broking company spread across major cities of India and adhering to a wide range of investors' needs. They offer a complete trading solution including online presence and researched advisory by professionals of the industry. Mr. Nirmal Jain, the chairman of the IIFL group was also one of the
ICICI Direct vs IIFL Securities Account Opening Charges: 2024
| Charge | ICICI Direct | IIFL Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹975 (One-time) | ₹750 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹700 per year | ₹400 per year |
ICICI Direct vs IIFL Securities Brokerage Charges and Plans : 2024
| Charge | ICICI Direct | IIFL Securities |
|---|---|---|
| Plan Name | I-Secure Plan | Flat Plan (FBP) |
| 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 | 1% of Premium or ₹100 per lot, whichever is high |
| Currency Futures | 0.050% and Currency Futures(Intraday) ₹50 | 0.05% |
| Currency Options | ₹25 per lot and Currency Options (Intraday) ₹10 per lot | 1% of Premium or ₹100 per lot, whichever is high |
| Commodity Options | N/A | Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high |
| Mutual Fund | N/A | N/A |
ICICI Direct vs IIFL Securities Margin / Exposure: 2024
| Segment | ICICI Direct | IIFL Securities |
|---|---|---|
| Equity Delivery | 5x | Upto 3x |
| Equity Intraday | Upto 25x | Upto 20x |
| Equity Future | 4x | Upto 3x |
| Equity Options | 2x for shorting | Upto 3x |
| Currency Future | N/A | Upto 2x |
| Currency Options | N/A | Upto 2x |
| Commodity Future | N/A | Upto 3x |
| Commodity Options | N/A | N/A |