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