ICICI Direct vs Indiabulls 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 Indiabulls
India bulls ventures Ltd. is a flagship company of the Indiabulls group operating in the capital market since 1999 with multiple subsidiary companies fields like housing finance, personal wealth as well as a presence in Real estate, pharmaceuticals, and infrastructure sector.
Formerly known as Indiabulls Securities Ltd, it re-launched its trading platform under the name \Indiabulls Shubh\ in 2019. It is one of the largest discount brokers in India with a client base of approximately 7 lakhs spread across 18 cities.
India Bulls Stock Broker: An overview
The broking venture under the India bulls company is known in the market by the name of 'Shubh'. this broking firm was founded in 1995 by Sameer Gehlot and has managed to gain nationwide recognition and trust ever since. This Mumbai-based firm provides integrated financial services such as Stock broking, Demat account, Equity Research, and Margin Funding.
India bulls Shubh pioneered the online trading platform facility
ICICI Direct vs Indiabulls Account Opening Charges: 2024
| Charge | ICICI Direct | Indiabulls |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹975 (One-time) | ₹500 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹700 per year | ₹450 |
ICICI Direct vs Indiabulls Brokerage Charges and Plans : 2024
| Charge | ICICI Direct | Indiabulls |
|---|---|---|
| Plan Name | I-Secure Plan | Equity Unlimited Trade Plan |
| Equity Delivery | 0.55% | ₹0 |
| Equity Intraday | 0.275% | ₹0 |
| Equity Futures | 0.050% | ₹15 per trade |
| Equity Options | ₹95 per lot and Option (Intraday) ₹50 per lot | ₹15 per trade |
| Currency Futures | 0.050% and Currency Futures(Intraday) ₹50 | ₹15 per trade |
| Currency Options | ₹25 per lot and Currency Options (Intraday) ₹10 per lot | ₹15 per trade |
| Commodity Options | N/A | 0.03% |
| Mutual Fund | N/A | N/A |
ICICI Direct vs Indiabulls Margin / Exposure: 2024
| Segment | ICICI Direct | Indiabulls |
|---|---|---|
| Equity Delivery | 5x | 1x (No margin) |
| Equity Intraday | Upto 25x | Upto 5x |
| Equity Future | 4x | Intra-day: 4x | Carry forward: 1x |
| Equity Options | 2x for shorting | Intra-day: 4x | Carry forward: 1x |
| Currency Future | N/A | Intra-day: 2x | Carry forward: 1x |
| Currency Options | N/A | Intra-day: 2x | Carry forward: 1x |
| Commodity Future | N/A | N/A |
| Commodity Options | N/A | N/A |