ICICI Securities Limited is a part of nationally renowned ICICI Group. ICICI Direct is a prominent part of ICICI Securities that offers various investment choices such as stocks, mutual funds, bonds etc. ICICI Direct has an active client base of 19,34,288 as of October 2024.
The segments in which you can invest (includes Equity, Commodity, Currency, Futures and Options) through this broker
1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.
Account Opening Charges
FreeAccount Maintenance Charges
₹ 700Call & Trade Charges
FreeEquity Delivery Brokerage
0.55%Equity Intraday Brokerage
0.05%Equity Futures Brokerage
0.05%Equity Options Brokerage
₹ 95Currency Futures Brokerage
₹ 20Currency Options Brokerage
₹ 20Commodity Futures Brokerage
₹ 20Commodity Options Brokerage
₹ 20Equity Delivery Margin
2xEquity Intraday Margin
7xEquity Futures Margin
4xEquity Options Margin
4x/2xCurrency Futures Margin
4xCurrency Options Margin
0xCommodity Futures Margin
2.5xCommodity Options Margin
0xAccount Opening Charges
FreeAccount Maintenance Charges
₹ 300Plan Charges
₹ 299Call & Trade Charges
₹ 50Equity Delivery Brokerage
0.55%Equity Intraday Brokerage
₹ 20Equity Futures Brokerage
₹ 0Equity Options Brokerage
₹ 20Currency Futures Brokerage
₹ 20Currency Options Brokerage
₹ 20Commodity Futures Brokerage
₹ 20Commodity Options Brokerage
₹ 20Equity Delivery Margin
2xEquity Intraday Margin
7xEquity Futures Margin
4xEquity Options Margin
4x/2xCurrency Futures Margin
4xCurrency Options Margin
0xCommodity Futures Margin
2.5xCommodity Options Margin
0xAccount Opening Charges
FreeAccount Maintenance Charges
₹ 700Plan Charges
₹ 5000Call & Trade Charges
FreeEquity Delivery Brokerage
0.25%Equity Intraday Brokerage
0.025%Equity Futures Brokerage
0.025%Equity Options Brokerage
₹ 35Currency Futures Brokerage
₹ 20Currency Options Brokerage
₹ 20Commodity Futures Brokerage
₹ 20Commodity Options Brokerage
₹ 20Equity Delivery Margin
2xEquity Intraday Margin
10xEquity Futures Margin
4xEquity Options Margin
4x/2xCurrency Futures Margin
4xCurrency Options Margin
0xCommodity Futures Margin
3xCommodity Options Margin
0xAccount Opening Charges
FreeAccount Maintenance Charges
₹ 700Plan Charges
₹ 299Call & Trade Charges
FreeEquity Delivery Brokerage
0.27%Equity Intraday Brokerage
0.027%Equity Futures Brokerage
0.027%Equity Options Brokerage
₹ 40Currency Futures Brokerage
₹ 20Currency Options Brokerage
₹ 20Commodity Futures Brokerage
₹ 20Commodity Options Brokerage
₹ 20Equity Delivery Margin
2xEquity Intraday Margin
7xEquity Futures Margin
4xEquity Options Margin
4x/2xCurrency Futures Margin
4xCurrency Options Margin
0xCommodity Futures Margin
2.5xCommodity Options Margin
0xAccount Opening Charges
FreeAccount Maintenance Charges
₹ 700Plan Charges
₹ 999Call & Trade Charges
FreeEquity Delivery Brokerage
0.22%Equity Intraday Brokerage
0.022%Equity Futures Brokerage
0.022%Equity Options Brokerage
₹ 30Currency Futures Brokerage
₹ 20Currency Options Brokerage
₹ 20Commodity Futures Brokerage
₹ 20Commodity Options Brokerage
₹ 20Equity Delivery Margin
1xEquity Intraday Margin
6xEquity Futures Margin
1xEquity Options Margin
1xCurrency Futures Margin
1xCurrency Options Margin
1xCommodity Futures Margin
1xCommodity Options Margin
1xAccount Opening Charges
FreeAccount Maintenance Charges
₹ 700Plan Charges
₹ 1999Call & Trade Charges
FreeEquity Delivery Brokerage
0.18%Equity Intraday Brokerage
0.018%Equity Futures Brokerage
0.018%Equity Options Brokerage
₹ 25Currency Futures Brokerage
₹ 20Currency Options Brokerage
₹ 20Commodity Futures Brokerage
₹ 20Commodity Options Brokerage
₹ 20Equity Delivery Margin
1xEquity Intraday Margin
6xEquity Futures Margin
1xEquity Options Margin
1xCurrency Futures Margin
1xCurrency Options Margin
1xCommodity Futures Margin
1xCommodity Options Margin
1xAccount Opening Charges
FreeAccount Maintenance Charges
₹ 700Plan Charges
₹ 2999Call & Trade Charges
FreeEquity Delivery Brokerage
0.15%Equity Intraday Brokerage
0.015%Equity Futures Brokerage
0.015%Equity Options Brokerage
₹ 20Currency Futures Brokerage
₹ 20Currency Options Brokerage
₹ 20Commodity Futures Brokerage
₹ 20Commodity Options Brokerage
₹ 20Equity Delivery Margin
1xEquity Intraday Margin
6xEquity Futures Margin
1xEquity Options Margin
1xCurrency Futures Margin
1xCurrency Options Margin
1xCommodity Futures Margin
1xCommodity Options Margin
1xSet of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.
Advantages and Strengths of this broker.
Disadvantages of this broker that it needs to improve upon.
Extra features provided by the broker at little or no extra cost. Like research reports, SMS alerts etc.
Services provided by the broker for investing in other financial assets such as Mutual funds, Insurance, Bonds etc.
Besides being one of the most reputable banking institutions in the country, ICICI also provides a wide range of broking services through ICICI Direct. It encompasses state-of-the-art technological features and advances for a seamless experience. It comprises over 50 different products and services like IPOs, Corporate Fixed Deposits, Loans, NPS, etc.
Strategy creation and management support for trades.
Premium plans with different rewards.
Advanced charting tools and technical analysis on the platform.
Equity ATM facility that credits the amount immediately to the bank account after shares are sold.
Research-backed articles on finance to incite better decision-making
i-Learn app that offers customers the knowledge required to better assist them in their investment journey
A single dedicated platform for all your investing needs, i.e., insurance, stocks, and mutual funds
Market updates from premium online courses with research reports and recommendations.
ICICI Direct has multiple trading tools to enhance the experience of traders and investors. These trading tools include Market App, I-Track, Trade Racer, and Money App.
The ICICI Direct Markets App offers an interactive interface for convenient trading and investing. Not only does it allow users to invest in all market segments, but it also includes features like
Live charting for better investment planning and minimizing risk,
Trade execution algorithms for better execution of trades at the best possible prices,
Advanced Analytical Tools for timely and accurate decision-making,
Open Interest Graphs available on Option Chain,
Consolidated P&L for different Asset Classes,
Research Recommendations to easily select from different ideas based on your specific goals.
This trading platform offers multiple watch list functionalities, integrated fund transfers, live-streaming quotations, research calls, and a lot more. Trade Racer’s prominent features for trade and analysis are:
Trend scanner to follow intra-day price movements,
Snap-View for in-depth data on scrips,
Bulk and block deals for hassle-free market tracking,
Convenient customizations and shortcuts for ease of use.
i-Track
I-Track helps access derivatives market information. It includes customized insights on open positions, live streaming charts, direct order placement from charts, options Greeks, payoff analyzer, moving averages, and much more. Other features of I-Track are
Advanced and interactive charting tool,
Personalized payoff analyzer for estimation of probable P&L for trades or simulated payoffs,
Technical Analysis to focus more on strategy and execution,
Option Greeks, Put/Call ratios, and Open Interest to make informed decisions in options trading.
Money App
It’s a mobile application for diversifying investment across 7 products. It reduces the investment cost and can aid investments in Mutual funds, ELSS, Sovereign Gold Bonds, Bonds, ETFs, or buying health insurance. The features include:
Choice of investment in 39 AMCs Mutual Fund schemes,
Convenient investment through One-Time and SIP modes,
Ready to invest Mutual Fund baskets,
Easy to buy life coverage and health insurance.
|
CHARGES |
DELIVERY |
INTRADAY |
FUTURES |
OPTIONS |
|
Transaction Charges |
0.00325% - NSE |
0.00325% - NSE |
0.0019% - NSE |
0.05% - NSE |
|
Demat Transaction Charges |
Sell side, ₹ 18.5 per scrip |
- |
- |
- |
|
Clearing Charges |
- |
- |
0.0002% - NSE |
0.005% - NSE |
|
GST |
18% on Brokerage + Transaction + Demat Charges |
18% on Brokerage + Transaction |
18% on Brokerage + Transaction + Clearing Charges |
18% on Brokerage + Transaction + Clearing Charges |
|
STT |
0.1% on Turnover | 0.025% on turnover(Sell transactions only) | 0.02% | 0.1% |
|
SEBI Charges |
₹ 5 per crore |
₹ 5 per crore |
₹ 5 per crore |
₹ 5 per crore |
|
CHARGES |
FUTURES |
OPTIONS |
|
Transaction Charges |
0.0026% Non Agri |
- |
|
Clearing Charges |
0.00% |
0.00% |
|
GST |
18% on Brokerage + Transaction |
18% on Brokerage + Transaction |
|
STT |
Sell side, 0.01% - Non Agri |
Sell side, 0.05% |
|
SEBI Charges |
₹ 10 per crore |
₹ 10 per crore |
|
CHARGES |
FUTURES |
OPTIONS |
|
Transaction Charges |
0.0009% - NSE |
0.04% - NSE |
|
Clearing Charges |
0.0004% - NSE |
0.025% - NSE |
|
GST |
18% on Brokerage + Transaction |
18% on Brokerage + Transaction |
|
STT |
- |
- |
|
SEBI Charges |
₹ 10 per crore |
₹ 10 per crore |
|
Prepaid Plan (Lifetime) |
Cash % |
Margin / Futures % |
Options (Per Lot) |
Currency Futures & Options |
Commodity Futures |
|
₹ 5000 |
0.25 |
0.025 |
₹ 35 |
₹ 20 per order |
₹ 20 per order |
|
₹ 12500 |
0.22 |
0.022 |
₹ 30 |
₹ 20 per order |
₹ 20 per order |
|
₹ 25000 |
0.18 |
0.018 |
₹ 25 |
₹ 20 per order |
₹ 20 per order |
|
₹ 50000 |
0.15 |
0.015 |
₹ 20 |
₹ 20 per order |
₹ 20 per order |
|
₹ 1,00,000 |
0.12 |
0.012 |
₹ 15 |
₹ 20 per order |
₹ 20 per order |
|
₹ 1,50,000 |
0.09 |
0.009 |
₹ 10 |
₹ 20 per order |
₹ 20 per order |
|
Prime Plan (Yearly) |
Cash % |
Margin / Futures % |
Options (Per Lot) |
Currency Futures & Options |
Commodity Futures |
eATM Limit |
Special MTF Interest rates/LPC (% per Day) |
|
₹ 299 |
0.27 |
0.027 |
₹ 40 |
₹ 20 per order |
₹ 20 per order |
2.5 lakhs |
0.04 |
|
₹ 999 |
0.22 |
0.022 |
₹ 35 |
₹ 20 per order |
₹ 20 per order |
10 lakhs |
0.0035 |
|
₹ 1999 |
0.18 |
0.018 |
₹ 25 |
₹ 20 per order |
₹ 20 per order |
25 lakhs |
0.031 |
|
₹ 2999 |
0.15 |
0.015 |
₹ 20 |
₹ 20 per order |
₹ 20 per order |
1 Cr |
0.024 |
Company name:
ICICI Securities LimitedContact:
1860-123-1122Email:
helpdesk@icicidirect.comActive Users:
19,34,288Overall Rating
3.9Based on 10 reviews
Review Analytics
Platform 1 votes
Charges 4 votes
Transparency 1 votes
Features 1 votes
Customer Support 1 votes
chester jester
(4)Posted on 12 Apr 2022
Using since 2019. Has a steep learning curve but is good in the long run. Would give 5 stars if minor tech discrepancies are done away. Nevertheless the development team is good, making it more feasible by the day.
kavya kathuria
(5)Posted on 29 Apr 2021
Great
k. ritika
(5)Posted on 23 Apr 2021
Really recommended
nitin parmar
(5)Posted on 01 Jan 2021
5 year
ganesh jayaraman
(4)Posted on 22 Dec 2020
No issues in terms of trading or the quality of their software. Charges are a bit high.
abhijay shukla
(5)Posted on 20 Dec 2020
it is good for full time trader sand safe for investor
someswar kumar
(3)Posted on 20 Dec 2020
I have been using since 2015. Brokerage is very high compares to others. Otherwise service is good.
sujon palit
(1)Posted on 19 Dec 2020
Charges very high
anshul jain
(2)Posted on 19 Dec 2020
For equity the brokerage is very high. Maintaince charges are also very high. For mutual fund they majorly sell regular plan not direct plan and push plans from where they get higher commission i feel have invested in couple of the mand they didnt even gave 5%return in 3 years. They have a very good customer handling team and provided assistance on phone is I feel best. The appand technology is very good.
hrushikesh chavan
(5)Posted on 19 Dec 2020
A retail trading and investment service, ICICI Direct, is a part of ICICI Securities, the largest retail stock broker firm in India. ICICI Direct offers 'online trading and investment' services to more than 20 lakhs customers. It offers services online as well as through a network of branches across India.
Opening a trading account with ICICI direct is free of cost irrespective of the plan you have chosen. However, the other charges like brokerage, maintenance, margin, other charges depend upon the product, segment and the plan you have chosen.
ICICI Direct provides a range of trading and investment options, thus giving new investors a platter to choose from. Also, the company offers free research and advisory services, which makes it easier for stock market beginners who need hand-holding, to start their investment journey and further provides them with a convenient trading experience.
To open an account with ICICIDirect, follow either of the steps below:
Offline Process: Visit the nearest ICICI Bank branch in your city and fill in the application for opening an account. Many branches of ICICI Bank offer the ICICIDirect 3-in-1 account opening, which is the quickest way to open an account with ICICIDirect.
Online Process:
Click on ‘Open an Account’
Fill an online registration form.
Then, select 'Apply Online - Resident Account'.
Fill the online application form and submit it.
Once you submit all the forms and supporting documents, in most cases, it may take up to 7 working days for the account to get activated.
ICICI is a very reputed and recognized brand in the banking sector, thus also making it a reliable stock broker. A brand’s trust and goodwill are notable factors to consider, as it also portrays the stockbroker's stability and level of excellence. This makes ICICI Direct a highly trustworthy broking service provider.
Additionally, ICICI Direct claims to have adopted several measures to enhance the security of your holdings and ensure the protection of your account.
It is possible to open an ICICI Direct account online through either its mobile app or through its website.
To know step-by-step process for open demat account online.
ICICI Direct serves three types of brokerage plans to its customers. You can choose the one best suited for your financial needs.
I-Secure Plan (Flat brokerage Plan): This plan offers Flat Brokerage (in %) irrespective of the turnover value and is best suited for investors who are looking for secured and fixed brokerage.
ICICI Direct Prepaid Brokerage Plan: This plan offers discounted brokerage rates when you pay an upfront one time fixed fee. There are 6 types of prepaid plans available, where each plan has a validity of 15 years.
ICICI Direct Prime Plan: The prime plan is aimed at reducing brokerage charges for investors and also helps transfer money instantly in their bank account when selling shares. This plan also provides exclusive research services to its members. Three prime plans - Rs.900, Rs.4500 and Rs.9500 are available to customers, and each of these plans offers an upfront reduction in ICICI brokerage across all equity and derivative products. All of these plans are valid for 365 days.
Click here to know more about these ICICI direct plans
ICICI Direct requires you to maintain a minimum balance of Rs.20,000 in your Demat or Trading Account in terms of minimum Margin Money.
Some charges in ICICI Direct which include trading account opening charges (onetime), trading account maintenance charges (AMC), and Demat account opening charges are all free of cost. The demat account maintenance charges (AMC) is Rs 700. However, these charges depend upon the product and plan you have chosen.
ICICI Direct offers three types of brokerage plans to its customers. The ICICI brokerage charges, thus depend on the type of plan that you’ve chosen.
Read more about ICICI brokerage charges
ICICI Direct provides regular mutual fund schemes and charges a commission from its investors. These charges for investing in the mutual funds are based on the transaction amount. On an investment of less than Rs.8 lakhs in mutual fund holdings through ICICI Direct, you will be charged Rs.100 per transaction for a lump-sum purchase. For SIP transactions, you will have to pay Rs.30 or 1.5% of the investment value, whichever is lower. Additionally, you will also have to pay a 10.30% service tax per transaction.
If you have a holding of Rs.8 lakh or more, the broker will not charge anything from you.
The prime plan of ICICI Direct is aimed at reducing brokerage charges for investors and also helps transfer money instantly in their bank account when selling shares. This plan also provides exclusive research services to its members. Four prime plans - Rs. 299, Rs. 999, Rs. 1999 and Rs. 2999 are available to customers, and each of these plans offers an upfront reduction in ICICI direct brokerage across all equity and derivative products. All of these plans are valid for 365 days.
To close an ICICI Direct Demat account, the following details must be furnished:
Your ID and your Depository Participant ID.
KYC details like name and address that match with details submitted to ICICI Direct.
The reason for closing the demat account.
Ensure that there are no dues on your account as well as no untraded securities.
A bank employee must mandatorily submit and verify the self-attested identity proof copy.
Following the submission of the above-mentioned documents and details, the Demat account shall be closed within 7-10 business days subject to the condition that there should be no dues pending from the account holder's side.
To withdraw money from your ICICI Direct account, follow the steps below:
Log in to your ICICI Direct account.
Click on “Menu”.
Click on “Funds”.
Under the “Withdrawals” tab, check the Releasable Amount. The releasable amount is less than the funds shown in the trading account as part of said funds are held for brokerage charges, margin requirements, etc.
Enter the Withdrawal Amount, this has to be less than the Releasable Amount.
Click the “Submit” button to confirm the withdrawal request.
Yes, ICICI Direct offers a variety of additional products and services, including mutual funds, IPOs, insurance, loans, and wealth management.
Mutual funds: ICICI Direct offers a wide range of mutual funds from different fund houses. You can invest in equity mutual funds, debt mutual funds, hybrid mutual funds, and ETF (exchange-traded funds).
IPOs: ICICI Direct allows you to invest in IPOs (initial public offerings). IPOs are the first time a company offers its shares to the public. ICICI Direct also provides research and analysis on IPOs to help you make informed investment decisions.
Insurance: ICICI Direct offers a variety of insurance products, including life insurance, health insurance, and motor insurance. You can compare and buy insurance products from different insurance companies on the ICICI Direct website.
Loans: ICICI Direct offers a variety of loans, such as home loans, personal loans, and car loans. You can compare and apply for loans from different banks on the ICICI Direct website.
Wealth management: ICICI Direct offers wealth management services to help you manage your finances and achieve your financial goals. Wealth management services include financial planning, investment advice, and portfolio management.
In addition to these products and services, ICICI Direct also offers a variety of other features, such as:
Overall, ICICI Direct is a comprehensive financial services platform that offers a wide range of products and services to its customers.
ICICI Direct offers a variety of trading platforms to suit the needs of different traders. These trading platforms include:
Trade Racer: This is ICICI Direct's flagship trading platform. It is a desktop-based platform that offers a wide range of features, including:
ICICIdirect.com: This is ICICI Direct's web-based trading platform. It offers a similar set of features to Trade Racer, but it is more accessible to users who do not have access to a desktop computer.
ICICI Direct mobile app: This is ICICI Direct's mobile trading app. It offers a limited set of features compared to Trade Racer and ICICIdirect.com, but it is still a convenient option for users who want to trade on the go.
Trade Racer Algo: This is ICICI Direct's algorithmic trading platform. It allows users to automate their trading strategies by creating and deploying algorithms.
ICICI Direct Smart API: This is ICICI Direct's API (application programming interface). It allows users to integrate ICICI Direct's trading platform with their own custom trading applications.
In addition to these trading platforms, ICICI Direct also offers a variety of other trading tools and resources, such as:
ICICI Direct's trading platforms and tools are designed to meet the needs of traders of all levels, from beginners to experienced traders.
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