ICICI Direct vs Marwadi Shares 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 Marwadi Shares
Marwadi Shares and Finance Ltd. is a financial service provider company operating in the financial markets for almost 3 decades. This full-service brokerage company is one of the leading in India that has been ranked amongst the top 10 in the BSE ratings multiple times.
Marwadi Shares: Overview
Marwadi Shares is a Gujarat based broking firm facilitating broking as well as Wealth management services. They are spread across 104 branches nationwide and employ more than 1400 authorized sub-brokers assisting a client base of 4 lakh plus. Founded in 1992 by Pranav M. Shah, Marwadi Shares and Finance Ltd. is affiliated and licensed to trade in NSE, BSE, NCDEX, MCX security exchanges. The company is also a Depository Participant of NCDL and CDSL.
It facilitates trading in a wide segment of securities ranging from equity, derivatives, currency to mutual Funds, and insurance. They cater to the needs of retail as well as an
ICICI Direct vs Marwadi Shares Account Opening Charges: 2024
| Charge | ICICI Direct | Marwadi Shares |
|---|---|---|
| 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 | ₹450 per year or one time fee of ₹2500 |
ICICI Direct vs Marwadi Shares Brokerage Charges and Plans : 2024
| Charge | ICICI Direct | Marwadi Shares |
|---|---|---|
| Plan Name | I-Secure Plan | N/A |
| Equity Delivery | 0.55% | 0.30% |
| Equity Intraday | 0.275% | 0.06% |
| Equity Futures | 0.050% | 0.02% |
| Equity Options | ₹95 per lot and Option (Intraday) ₹50 per lot | ₹100 per lot |
| Currency Futures | 0.050% and Currency Futures(Intraday) ₹50 | 0.02% |
| Currency Options | ₹25 per lot and Currency Options (Intraday) ₹10 per lot | ₹100 per lot |
| Commodity Options | N/A | 0.02% |
| Mutual Fund | N/A | N/A |
ICICI Direct vs Marwadi Shares Margin / Exposure: 2024
| Segment | ICICI Direct | Marwadi Shares |
|---|---|---|
| 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 |