ICICIdirect App Review (Mobile Trading App Demo, Guide, Charges & Download Links)

ICICI Direct Mobile App allows customers to invest or trade in stocks, mutual funds, IPO, NCD, CFD, Insurance etc. The ICICIDirect App for android and iOS smart phone is the most convenient way to invest in the stock market.

To use ICICI Direct App, you first need to open a 3-in-1 account with ICICI. This account combining the trading, demat and bank account which are required for investing in the stock market.

Once those 3 accounts are opened, you're ready to trade with ICICI Direct. You could use ICICI Direct Mobile App to:

• Buy/sell equity shares
• Trade in Equity Derivatives (F&O)
• Trade in Currency Derivatives (F&O)
• Buy/sell ETFs and NCD
• Buy/sell Mutual Funds
• Investing in IPO
• Buy Company FDs (CFD)
• Buy Life and General Insurance
• Take Loan Against Securities (LAS)
• Portfolio Management Services

Steps to trade with ICICI Direct Mobile App

• Install the 'ICICI Direct Mobile' App from the App Store.
• Go to the 'Trade & Invest' menu and log in.
• Click on the 'Trade Equity' button
• Click 'Allocate Funds' button
• Enter the amount to add funds to the trading account.
• Click on the 'Cash Buy' button
• Enter the order information i.e. exchange, stock, limit price.
• Confirm the order.
• Click the 'Order Book' button to check the order status.
• Click the 'Trade Book' button to check the trade status.

The ICICI Direct Prime plan is a brokerage plan that reduces your brokerage by over 50%. It also offers an eATM facility which gives you instant payout from your sell to your trading account instead of waiting for T+2 days.

When you sell stocks, it takes T+2 days (T being the day of the trading) for the money to get credited into your trading account. In prime plan, the money is credited in your trading account within 30 minutes thus allowing you to reinvest it the same day. Note that you cannot withdraw this fund to your bank account until T+2 days.

ICICI Direct Prime Plan Benefits

• More than 50% reduction in brokerage
• Access to 'Research content' and 'Website' for all Prime Plan subscribers
• Complimentary 'Bullet Plan' wherein Zero brokerage is charged on all intraday Stop Loss trades squared off within 5 minutes of buying
• Reduced 'Interest Rates' on delayed payments/MTF carry forward positions in Equity Margin Products
• Lower brokerage on penny stocks and NCD/Bonds