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ICICIdirect Vs Tradingo NRI Account Comparison

The side-by-side comparison of ICICIdirect and Tradingo NRI Account. Compare ICICIdirect Vs Tradingo NRI Account brokerage charges, exposure margin, demat account and AMC. Read Tradingo and ICICIdirect NRI Account reviews.

Find out ICICIdirect Vs Tradingo which is better NRI Trading Account. See ICICIdirect Vs Tradingo which is best NRI Demat Account.

Our ICICI Securities Pvt Ltd. comparison with Tradingo (Swastika Investmart Ltd) highlights the major differences between two brokers. Find the best between ICICIdirect and Tradingo NRI Account.

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ICICIdirect Vs Tradingo

  ICICIdirect Tradingo
 
  ICICI Securities Pvt Ltd. Logo Tradingo (Swastika Investmart Ltd) Logo
About the Broker ICICI Bank offers trading and investment opportunities in India stock market to NRIs through ICICI NRI 3-in-1 account. It is a combination of an NRI saving bank account, an NRI Demat, and an NRI trading account. The ICICI 3 in 1 Account for NRI enab... Know more about ICICI Securities Pvt Ltd. Tradingo is an online broker offering stock market investment and trading services to the resident as well as NRI investors. Tradingo is a part of Swastika Investmart Ltd., a traditional full-service broker with over 29 years of stockbroking experien... Know more about Tradingo (Swastika Investmart Ltd)
Account Type NRI Account NRI Standard Plan
Special Offer

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Special Offer: Rs 20 per executed order or 2.5% (whichever is lower) on Equity Delivery trades and Rs 20 per executed order or 0.05% (whichever is lower) on Intraday and F&O trade brokerage. Get the offer

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ICICIdirect Vs Tradingo Charges

  ICICIdirect Tradingo
NRI Account Opening Fees ₹4000 Rs 300
NRI Account AMC ₹0 Rs 0
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0
NRI Demat Account AMC Rs 300 (from 2nd year) Rs 250 +GST (From 2nd Year)
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Open Tradingo Account

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ICICIdirect Vs Tradingo NRI Account Brokerage Comparison

Account Type ICICIdirect NRI Account Tradingo NRI Standard Plan
Equity Delivery 0.50% - 1.25% PIS Acct: Rs 100/Trade | Non-PIS: Rs 500/trade
Equity Futures 0.03% - 0.05% Rs 50 per executed order
Equity Options ₹70 to ₹95 Rs 50 per executed order
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Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges Demat Account AMC - Rs 300
TDS Charges on Long Term Gain (Holding > 365 Days) 11.96% 11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days) 17.94% 17.94%
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ICICIdirect Vs Tradingo NRI Account Taxes/Fees

  ICICIdirect Tradingo
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
Exchange Transaction Charges Check Exchange Transaction Fee
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. 0.01% on delivery based turnover and 0.002% on non-delivery based turnover.

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ICICIdirect Vs Tradingo NRI Account Margin

  ICICIdirect Margin Tradingo Margin
Equity Delivery 1x 1x
Equity Futures 1x 1x
Equity Options 1x 1x

1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.


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ICICIdirect and Tradingo NRI Account Features

  ICICIdirect Tradingo
3-in-1 Account Yes No
Automated Trading No No
Free Research And Tips Yes No
Other Features
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ICICIdirect Vs Tradingo NRI Account Review

  ICICIdirect Review Tradingo Review
  482 Customer Reviews    Rate ICICIdirect 6 Customer Reviews    Rate Tradingo
Fees 2.2 4.2
Brokerage 1.7 4.7
Trading Platform 3.3 3.5
Customer Service 2.6 3.8
Overall Rating Rated 2.3 stars Rated 4.0 stars
Broker Rating ICICIdirect is Rated 2.3 / 5 based on 482 customer reviews Tradingo is Rated 4.0 / 5 based on 6 customer reviews
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Contact Broker / Request A Call Back

  ICICIdirect Enquire Tradingo Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. Rs 20 per executed order or 2.5% (whichever is lower) on Equity Delivery trades and Rs 20 per executed order or 0.05% (whichever is lower) on Intraday and F&O trade brokerage. Get the offer
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ICICIdirect Vs Tradingo NRI Investment Options

  ICICIdirect Tradingo
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options ETF, Corporate Bonds, NCD, FD, Insurance

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ICICIdirect Vs Tradingo NRI Customer Service

  ICICIdirect Tradingo
Customer Care Number +91-22-28307780 +91 9667657700,+91 9667658800
Customer Care Email nri@icicidirect.com helpdesk@gotradingo.com
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ICICIdirect Vs Tradingo Order Type Offered for NRI Account

  ICICIdirect Tradingo
Bracket Order Yes Yes
Cover Order Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No

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ICICIdirect Vs Tradingo - NRI Account Advantages and Disadvantages

  ICICIdirect Tradingo
Pros
  1. India's leading stockbroker. Part of the prestigious ICICI group, a financial services conglomerate.
  2. ICICI 3-in-1 NRI Account offers the easiest online trading experience.
  3. It offers an online trading facility with automatic fund transfer and PIS reporting.
  4. Invest online in Mutual Fund, NCD, FD, IPO, etc.
  5. GTC (or GTD, VTD) and AMO order types are available for placing orders in non-trading hours.
  6. It has a very stable trading platform.
  • Simple brokerage model.
  • Allows Equity Stocks investment using a non-PIS account.
  • Allows linking the trading account with any NRI bank account opened with a designated bank in India.
  • Offers to trade via mobile app, website, or trading terminal.
Cons
  1. While ICICI trading platform gets the job done, it is very old trading software with poor user experience in comparison to the next generation online brokers like Zerodha, upstox, and 5paisa.
  2. The equity delivery brokerage is higher in comparison to discount brokers like Zerodha. With ICICI, a buy order or Rs 1 lakhs will cost Rs 1250 (1.25%) in brokerage. The same order at Zerodha cost Rs 200 in brokerage.
  3. NRIs from the UK (United Kingdom) cannot invest in IPO and Mutual Fund through ICICIDirect.com
  4. ICICI Bank doesn't offer online account opening to NRIs apart from customers from the US. Online account opening is also not available to Minor NRIs from the US.
  • Only offers a 2-in-1 account which increases the paperwork to open separate NRI bank account with other banks.
  • Higher Brokerage charges for non-PIS account.
  • Clients need to pay to avail of research services.
Conclusion

ICICI is a highly recommended trading account for NRIs who are looking for investing in the stock market and mutual funds in India. It offers a convenient way to invest with competitive brokerage charges. It offers a range of investment options along with a dedicated RM, NRI support desk, free research, and tips. GTC and AMO order helps NRI customers to place an order in their own convenient timings.

Tradingo is a discount broker that offers 2-in-1 account services to NRI at ultra-low-cost brokerage charges. You can link or open an NRI bank account with any designated bank of your choice. Tradingo also offers advanced trading platforms to NRI to trade via mobile, web, or desktop software.

Promo / Offers

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Tradingo Special Offer

Rs 20 per executed order or 2.5% (whichever is lower) on Equity Delivery and pay Rs 20 per executed order or 0.05% (whichever is lower) brokerage for Intraday and F&O trades. Click here to open an account with Tradingo

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