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About ICICIdirect
ICICIdirect is one of the largest retail stock brokers in India. It is part of the ICICI Group. It offers online trading and investment services to over 50 lakhs customers. The services offered include equity, commodity, and currency trading at BSE, NSE, and MCX. The company also offers Mutual Fund & IPO, Fixed deposits, Bond, NCD, wealth products, Home Loans, Loans against Securities, etc.
ICICIdirect's most popular service is its 3-in-1 account, which includes ICICI Bank Account, ICICI Tradin...
About Nuvama (Edelweiss)
Incorporated in 2008, Nuvama Wealth & Investment Limited (formerly Edelweiss Broking Ltd.) is a Mumbai, India-based full-service stockbroking firm.
The Retail Broking business of Nuvama offers facilities to invest & trade in all major asset classes: Equity, Debt, Mutual Funds, IPOs, Currency Derivatives, commodities, and Futures & Options.
Nuvama offers investment advice backed by research and analysis to its customers across asset classes, trading styles and time horizons. Nuvama has the best...
Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 2002, Nuvama (Edelweiss) is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 237 branches across India.
ICICIdirect | Nuvama (Edelweiss) | |
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Type of Broker | Full Service Broker | Full Service Broker |
Exchnage Membership | BSE, NSE | BSE, NSE, MCX, NCDEX |
Year of Incorporation | 2000 | 2002 |
Number of Branches | 154 | 237 |
Open ICICIdirect Account | Open Nuvama (Edelweiss) Account |
ICICIdirect trading account opening charges is Rs 0 (Free) while Nuvama (Edelweiss) account opening changes is Rs 0 (Free). ICICIdirect Demat Account AMC Charges is Rs 300 (from 2nd year) and Nuvama (Edelweiss) Demat Account AMC Charges is Rs 500 (1st Year Free).
ICICIdirect | Nuvama (Edelweiss) | |
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Trading Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
Trading Account AMC Charges | Rs 0 (Free) | Rs 0 |
Demat Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
Demat Account AMC Charges | Rs 300 (from 2nd year) | Rs 500 (1st Year Free) |
ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas Nuvama (Edelweiss) brokerage charges for equity is Rs 10 per executed order and intraday is Rs 10 per executed order.
Account Type | ICICIdirect ICICI Neo Plan | Nuvama (Edelweiss) Nuvama Lite |
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Fixed Charges | NA | NA |
Equity Delivery | 0.55% | Rs 10 per executed order |
Equity Intraday | Rs 20 per order | Rs 10 per executed order |
Equity Futures | Rs 0 (Free) | Rs 10 per executed order |
Equity Options | Rs 20 per order | Rs 10 per executed order |
Currency Futures | Rs 20 per order | Rs 10 per executed order |
Currency Options | Rs 20 per order | Rs 10 per executed order |
Commodity Futures | Rs 20 per order | |
Commodity Options | Rs 20 per order | |
Special Offer | Special Offer: ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 5 minutes from sell orders + Free trading tips. Open Instant Account Now
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Special Offer: Trade @ flat Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes. |
ICICIdirect | Nuvama (Edelweiss) | |
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Account Type | I-Secure Plan | Nuvama Elite |
Fixed Charges | NA | |
Equity Delivery | 0.55% | 0.30% |
Equity Intraday | 0.275% | 0.03% |
Equity Futures | 0.05% | 0.03% |
Equity Options | Rs 95 per lot | Rs 75 per lot |
Currency Futures | Rs 20 per order | 0.02% |
Currency Options | Rs 20 per order | Rs 20 per lot |
Commodity Futures | Rs 20 per order | |
Commodity Options | Rs 20 per order | |
Open ICICIdirect Account | Open Nuvama (Edelweiss) Account |
Minimum Brokerage | Rs 35 per trade (I-Secure Plan) | 0.03% Equity delivery, 0.01% Intra-day and Futures |
Other Charges | Margin Trading Interest: 0.025% Per day | Margin Funding: 0.08%/day, Research: Rs 50 per month, |
Call & Trade Charges | Rs 50 per trade | Rs 20 per call |
ICICIdirect transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) while Nuvama (Edelweiss) exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium).
ICICIdirect | Nuvama (Edelweiss) | |
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Equity Delivery | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) |
Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side) |
Equity Futures | NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 | NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 |
Equity Options | NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) | NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) |
Currency Futures | NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) | NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) |
Currency Options | NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium) | NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium) |
Commodity | Group A - Rs 260 per Cr (0.0026%) | |
Open ICICIdirect Account | Open Nuvama (Edelweiss) Account |
ICICIdirect margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Nuvama (Edelweiss) margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
ICICIdirect | Nuvama (Edelweiss) | |
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Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
Open ICICIdirect Account | Open Nuvama (Edelweiss) Account |
The trading platforms offered ICICIdirect include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Nuvama (Edelweiss) offers Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress trading software.
ICICIdirect | Nuvama (Edelweiss) | |
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3 in 1 Account | ||
Charting | ||
Automated Trading | ||
SMS Alerts | ||
Online Demo | ||
Online Portfolio | ||
Margin Trading Funding | ||
Margin Against Shares (Equity Cash) | ||
Margin Against Shares (Equity F&O) | ||
Trading Platform | ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App | Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress |
Intraday Square-off Time | 3:30 PM | 3:00 PM |
Trading In SME Shares Allowed? | ||
Referral Program | ||
Other Features | Bullet Trading, Can trade in 32 exchanges through Saxo Trader | |
Open ICICIdirect Account | Open Nuvama (Edelweiss) Account |
ICICIdirect is rated 2.3 of 5 based on 480 customer reviews whereas Nuvama (Edelweiss) is rated 2.9 of 5 based on 76 customer reviews.
ICICIdirect Enquire | Nuvama (Edelweiss) Enquire | |
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Contact Broker | ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 5 minutes from sell orders + Free trading tips. Open Instant Account Now | Trade @ flat Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes. |
ICICIdirect | Nuvama (Edelweiss) | |
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Stock / Equity | ||
Commodity | ||
Currency | ||
IPO | ||
Mutual Funds | ||
Bond / NCD | ||
Debt | ||
Other Investment Options | Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS |
ICICIdirect | Nuvama (Edelweiss) | |
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Bracket Order | ||
Cover Order | ||
Buy Today Sell Tomorrow (BTST) | ||
Sell Today Buy Tomorrow (STBT) | ||
After Market Order(AMO) | ||
Good Till Cancelled (GTC) | ||
Open ICICIdirect Account | Open Nuvama (Edelweiss) Account |
ICICIdirect | Nuvama (Edelweiss) | |
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Daily Market Report | ||
Free Tips | ||
Quarterly Result Analysis | ||
News Alerts |
ICICIdirect | Nuvama (Edelweiss) | |
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Casual Investor | ||
Active Investor | ||
Trader |
ICICIdirect | Nuvama (Edelweiss) | |
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Reviews | ||
Promo / Offers | ICICIdirect Special OfferICICIdirect Neo Plan (Discount Brokerage)Open a 3-in-1 account with Neo Plan for:
Interested in opening a trading account? Open Instant Account Now |
Nuvama (Edelweiss) Special OfferTrade @ Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening (for limited time only)
It is a limited-time offer. Open FREE Nuvama Account online in just 15 Minutes. |
Open ICICIdirect Account | Open Nuvama (Edelweiss) Account |
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FREE Intraday Trading (Eq, F&O)
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