Saturday, November 26, 2022

ICICI Direct

ICICI Direct is a prominent part of ICICI Securities. ICICI Securities is a part of nationally renowned ICICI Group. Broker offers various investment; Choices such as stocks, mutual funds, bonds etc.

Product Basket

The segments in which you can invest through this broker

 Equity

Options

 Currency

Futures

 Commodity     

Trading Platforms

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, Full Platform Details.

ICICI Direct Mobile App

Trade Racer Web portal

 

Charges

Account Opening Charges – Free

Account Maintenance Charges – ₹700

Call and Trade – Free

Brokerage Charges

Equity Delivery  – 0.55%

Equity Intraday – 0.05%

Equity Futures – 0.05%

Equity Options – ₹95

Currency Futures – ₹20

Currency Options – ₹20

Commodity Futures – ₹20

Commodity Options – ₹20

Margins

Equity Delivery  – 2x

Equity Intraday – 7x

Equity Futures – 4x

Equity Options – 4x/2x

Currency Futures – 4x

Currency Options – 0x

Commodity Futures – 2.5x

Commodity Options – 0x

Pros

  • ICICI Direct provide a facility called VTC (Valid Till Cancelled) option. It gives customers a chance to place buy or sell limit orders which will remain valid for 45 days.
  • Research reports and Advisory to consumers 
  • FREE Stock tips and technical analysis reports.

Cons

  • Comparatively High brokerage in base plans. To avoid such customer must have to subscribe premium plans.
  • I-Secure plan brokerage charges is high for non-frequent traders.
  • Trading in penny stocks are applicable for high Brokerage charges.
  • Additional call and trade charges (₹ per order) applicable after first 20 calls in a month.

Additional Features

Extra features provided by the broker at little or no extra cost.

 3 in 1 Account

 Free Trading Call

 Fee Research Report

SMS Alerts

 Margin Funding

Margin Against Share

More Investment Options

Services provided by the broker for investing in other financial assets.

 Mutual Funds

 IPO

 Bond and Debt Assets

ETFs

Insurance