ICICI Direct vs Nirmal Bang 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 Nirmal Bang
Nirmal Bang, one of most popular stock brokers as well as trading services provider in the country, has been around since 1986. Nirmal Bang offers complete stock trading services to all of its clients via multiple methods including online stock trading in the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Nirmal Bang: Overview
Based out of Mumbai, Maharashtra, the firm gained popularity because of its excellent stock trading platform available to the clients. Along with that, the firm also offers brilliant advisory services and effective trading software and algorithms to its customers.
Nirmal Bang is registered in India’s major stock exchanges like Bombay Stock Exchange Ltd (BSE), National Stock Exchange Ltd (NSE), National Commodity & Derivatives Exchange Ltd (NCDEX), Multi Commodity Exchange of India Ltd (MCX), National Multi Commodity Exchange of India Ltd (NMCE). Along with these, the company also is a membership being a Depository Participant (DP) in
ICICI Direct vs Nirmal Bang Account Opening Charges: 2024
| Charge | ICICI Direct | Nirmal Bang |
|---|---|---|
| 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 | ₹200 per year |
ICICI Direct vs Nirmal Bang Brokerage Charges and Plans : 2024
| Charge | ICICI Direct | Nirmal Bang |
|---|---|---|
| Plan Name | I-Secure Plan | N/A |
| Equity Delivery | 0.55% | 0.2% |
| Equity Intraday | 0.275% | 0.02% |
| Equity Futures | 0.050% | 0.02% |
| Equity Options | ₹95 per lot and Option (Intraday) ₹50 per lot | ₹35 |
| Currency Futures | 0.050% and Currency Futures(Intraday) ₹50 | 0.02% |
| Currency Options | ₹25 per lot and Currency Options (Intraday) ₹10 per lot | ₹20 |
| Commodity Options | N/A | 0.01% |
| Mutual Fund | N/A | N/A |
ICICI Direct vs Nirmal Bang Margin / Exposure: 2024
| Segment | ICICI Direct | Nirmal Bang |
|---|---|---|
| Equity Delivery | 5x | Upto 10x |
| Equity Intraday | Upto 25x | Upto 4x |
| Equity Future | 4x | Upto 4x |
| Equity Options | 2x for shorting | Upto 2x for shorting |
| Currency Future | N/A | Upto 2x for shorting |
| Currency Options | N/A | Upto 3x |
| Commodity Future | N/A | Upto 3x |
| Commodity Options | N/A | N/A |