ICICI Direct vs Trading Bells 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 Trading Bells
Tradingbells is an online discount brokerage firm, founded in the year of 2016, headquarter is in Indore, Madhya Pradesh. It is popular for its creative ideas, product and services which provides effortless trading experience to the investors. The firm has a presence in 80 different cities and 16 states throughout the nation.
A franchie of India Infoline (IIFL Securities Ltd.), the brokerage structure of a broking house is very simple and easy to understand. It provides customer assistance through phone, live chats, emails, branches and online feedback. Apart from this their referral program gives a chance to earn 10% of the brokerage generated by your first ten friends and 20% on beyond 10 friends. Tradingbells also offer free trades on their clients' birthdays (Terms & Conditions applied).
TradingBells Stock Broker: Products
With the membership of NSE, BSE, MCX-SX & NCDEX, ICEX, Tradingbells offers a broad variety of investment products including equities,
ICICI Direct vs Trading Bells Account Opening Charges: 2024
| Charge | ICICI Direct | Trading Bells |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹150 |
| Trading Acc Opening Charges | ₹975 (One-time) | ₹ 300 |
| Trading Account AMC | ₹0 | ₹ 0 |
| Demat Account AMC | ₹700 per year | ₹300 |
ICICI Direct vs Trading Bells Brokerage Charges and Plans : 2024
| Charge | ICICI Direct | Trading Bells |
|---|---|---|
| Plan Name | I-Secure Plan | N/A |
| Equity Delivery | 0.55% | ₹ 0 |
| 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 Trading Bells Margin / Exposure: 2024
| Segment | ICICI Direct | Trading Bells |
|---|---|---|
| Equity Delivery | 5x | 1x |
| Equity Intraday | Upto 25x | Up to 10x for Most Scrips |
| Equity Future | 4x | Intraday: 3x | Carry: 1x |
| Equity Options | 2x for shorting | 1x |
| Currency Future | N/A | Intraday: 3x | Carry: 1x |
| Currency Options | N/A | Intraday: 3x | Carry: 1x |
| Commodity Future | N/A | Intraday: 3x | Carry: 1x |
| Commodity Options | N/A | N/A |