ICICI Direct vs Interactive Brokers 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 Interactive Brokers
Interactive Brokers, found in 1978 is currently one of the biggest discount brokers in the world. Naturally, the broker is regulated by different financial authorities according to the country, including UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC), and India’s Securities and Exchange Board of India (SEBI). It has presence over a number of countries worldwide!
A one-stop solution for Indian residents interested in investing both in the Indian as well as the global markets.
Interactive Brokers: An Overview
Interactive Brokers has business on over 135 market destinations worldwide, where they provide service of trading stocks, options, futures, forex, fixed income and funds worldwide, executing about 1,746,000 trades per day.
Interactive Brokers has its headquarters in Greenwich, Connecticut. It functions with over 1400 employees in a number of countries like the USA, Switzerland, Canada, India, Hong Kong, UK, Australia, Hungary, Russia, Japan, China and Estonia.
In India, the
ICICI Direct vs Interactive Brokers Account Opening Charges: 2024
| Charge | ICICI Direct | Interactive Brokers |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹975 (One-time) | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹700 per year | ₹0 |
ICICI Direct vs Interactive Brokers Brokerage Charges and Plans : 2024
| Charge | ICICI Direct | Interactive Brokers |
|---|---|---|
| Plan Name | I-Secure Plan | N/A |
| Equity Delivery | 0.55% | Minimum ₹6 and Upto ₹20 per executed order |
| Equity Intraday | 0.275% | Minimum ₹6 and Upto ₹20 per executed order |
| Equity Futures | 0.050% | Minimum ₹6 and Upto ₹20 per executed order |
| Equity Options | ₹95 per lot and Option (Intraday) ₹50 per lot | Minimum ₹6 and Upto ₹20 per executed order |
| Currency Futures | 0.050% and Currency Futures(Intraday) ₹50 | Minimum ₹6 and Upto ₹20 per executed order |
| Currency Options | ₹25 per lot and Currency Options (Intraday) ₹10 per lot | Minimum ₹6 and Upto ₹20 per executed order |
| Commodity Options | N/A | N/A |
| Mutual Fund | N/A | N/A |
ICICI Direct vs Interactive Brokers Margin / Exposure: 2024
| Segment | ICICI Direct | Interactive Brokers |
|---|---|---|
| Equity Delivery | 5x | N/A |
| Equity Intraday | Upto 25x | N/A |
| Equity Future | 4x | N/A |
| Equity Options | 2x for shorting | N/A |
| Currency Future | N/A | N/A |
| Currency Options | N/A | N/A |
| Commodity Future | N/A | N/A |
| Commodity Options | N/A | N/A |
ICICI Direct vs Interactive Brokers Currency Charges and Plans: 2024
Other Comparisons of ICICI Direct and Interactive Brokers
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