ICICI Direct vs SAMCO 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 SAMCO
SAMCO is another popular discount broker in India which has carved a niche for itself in a short span of time. It conceptualized in the year 2015 and with its diversifying broking services and products range it has a good hold on the market at present.
Samco Overview
Samco Securities Ltd. is known to be a suitable stockbroker for beginners since it offers an exhaustive repository of basic and intermediate tutorials on investing and trading. At the same time, with low brokerage charges, they leave a low chance of risk for the beginners as compared to other Indian stock brokers.
It allows trading across all the leading stock and commodity exchanges in India including NSE, BSE, MCX, MCX-SX and NCDEX. Samco facilitates commodity segment for MCX trading through its associated entity, Samco Commodities Ltd. The firm primarily caters to corporate and retail clients. It also offers loans against shares, low brokerage Demat
ICICI Direct vs SAMCO Account Opening Charges: 2024
| Charge | ICICI Direct | SAMCO |
|---|---|---|
| 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 | ₹400 |
ICICI Direct vs SAMCO Brokerage Charges and Plans : 2024
| Charge | ICICI Direct | SAMCO |
|---|---|---|
| Plan Name | I-Secure Plan | Standard |
| Equity Delivery | 0.55% | ₹20 per executed order |
| Equity Intraday | 0.275% | ₹20 per executed order |
| Equity Futures | 0.050% | ₹20 per executed order |
| Equity Options | ₹95 per lot and Option (Intraday) ₹50 per lot | ₹20 per executed order |
| Currency Futures | 0.050% and Currency Futures(Intraday) ₹50 | ₹20 per executed order |
| Currency Options | ₹25 per lot and Currency Options (Intraday) ₹10 per lot | ₹20 per executed order |
| Commodity Options | N/A | ₹20 per executed order |
| Mutual Fund | N/A | N/A |
ICICI Direct vs SAMCO Margin / Exposure: 2024
| Segment | ICICI Direct | SAMCO |
|---|---|---|
| Equity Delivery | 5x | Upto 4x |
| Equity Intraday | Upto 25x | Upto 15x |
| Equity Future | 4x | Upto 4x |
| Equity Options | 2x for shorting | Upto 8x |
| Currency Future | N/A | Upto 3x |
| Currency Options | N/A | Upto 5x |
| Commodity Future | N/A | Upto 5x |
| Commodity Options | N/A | Upto 5x |