ICICIdirect Vs Fyers (Compare ICICIdirect and Fyers)

ICICIdirect Vs Fyers

Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 2015, Fyers is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 2 branches across India.

	ICICIdirect	Fyers
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE	BSE, NSE, MCX
Year of Incorporation	2000	2015
Number of Branches	154	2
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ICICIdirect Vs Fyers Charges & AMC

ICICIdirect trading account opening charges is Rs 0 (Free) while Fyers account opening changes is Rs 0 (Free). ICICIdirect Demat Account AMC Charges is Rs 300 (from 2nd year) and Fyers Demat Account AMC Charges is Rs 0 (Free AMC for Lifetime).

	ICICIdirect	Fyers
Trading Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Trading Account AMC Charges	Rs 0 (Free)	Rs 0 (Free AMC for Lifetime)
Demat Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account AMC Charges	Rs 300 (from 2nd year)	Rs 0 (Free AMC for Lifetime)

ICICIdirect Vs Fyers Brokerage

ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas Fyers brokerage charges for equity is 0.03% or Rs 20, whichever is lower and intraday is 0.03% or Rs 20, whichever is lower.

Account Type	ICICIdirect ICICI Neo Plan	Fyers Flat Fee Brokerage Plan
Fixed Charges	NA	NA
Equity Delivery	0.55%	0.03% or Rs 20, whichever is lower
Equity Intraday	Rs 20 per order	0.03% or Rs 20, whichever is lower
Equity Futures	Rs 0 (Free)	0.03% or Rs 20, whichever is lower
Equity Options	Rs 20 per order	Rs 20 per executed order
Currency Futures	Rs 20 per order	0.03% or Rs 20, whichever is lower
Currency Options	Rs 20 per order	Rs 20 per executed order
Commodity Futures	Rs 20 per order	0.03% or Rs 20, whichever is lower
Commodity Options	Rs 20 per order	Rs 20 per executed order
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: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

ICICIdirect Vs Fyers Brokerage Plan 2

	ICICIdirect	Fyers
Account Type	I-Secure Plan	Flat Fee Brokerage Plan
Fixed Charges	NA	NA
Equity Delivery	0.55%	0.03% or Rs 20, whichever is lower
Equity Intraday	0.275%	0.03% or Rs 20, whichever is lower
Equity Futures	0.05%	0.03% or Rs 20, whichever is lower
Equity Options	Rs 95 per lot	Rs 20 per executed order
Currency Futures	Rs 20 per order	0.03% or Rs 20, whichever is lower
Currency Options	Rs 20 per order	Rs 20 per executed order
Commodity Futures	Rs 20 per order	0.03% or Rs 20, whichever is lower
Commodity Options	Rs 20 per order	Rs 20 per executed order
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ICICIdirect Charges Vs Fyers

Minimum Brokerage	Rs 35 per trade (I-Secure Plan)	Intra-day: 0.03% or Rs 20, whichever is lower
Other Charges	Margin Trading Interest: 0.025% Per day	Square-off by Fyers - Rs 50 per trade, NRI Brokerage: Rs 50 (equity delivery)
Call & Trade Charges	Rs 50 per trade	Rs 50 per trade

ICICIdirect Vs Fyers Transaction Charges

ICICIdirect transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) while Fyers exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium).

	ICICIdirect	Fyers
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%) (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 3500 per Cr (0.035%) (on premium)
Commodity	Group A - Rs 260 per Cr (0.0026%)	NA
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ICICIdirect Vs Fyers Leverage (Margin)

ICICIdirect margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Fyers margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

	ICICIdirect	Fyers
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)
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Compare ICICIdirect and Fyers Features

The trading platforms offered ICICIdirect include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Fyers offers Fyers App, Fyers Web, Fyers Next trading software.

	ICICIdirect	Fyers
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	Fyers App, Fyers Web, Fyers Next
Intraday Square-off Time	3:30 PM	3:15 PM
Trading In SME Shares Allowed?
Referral Program
Other Features	Bullet Trading, Can trade in 32 exchanges through Saxo Trader	API Trading, Algo Trading and Insta Options is available, which is designed for options traders.
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ICICIdirect Vs Fyers Review

ICICIdirect is rated 2.3 of 5 based on 482 customer reviews whereas Fyers is rated 2.9 of 5 based on 37 customer reviews.

	ICICIdirect	Fyers
	482 Customer Reviews	37 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICIdirect is rated 2.3 of 5 based on 482 customer reviews	Fyers is rated 2.9 of 5 based on 37 customer reviews

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ICICIdirect Vs Fyers Investment Options

	ICICIdirect	Fyers
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 Vs Fyers Order Type Offered

	ICICIdirect	Fyers
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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ICICIdirect Vs Fyers Research Report

	ICICIdirect	Fyers
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

ICICIdirect Vs Fyers Suitable For Investor Type

	ICICIdirect	Fyers
Casual Investor
Active Investor
Trader

ICICIdirect Vs Fyers - Pros and Cons

	ICICIdirect	Fyers
Pros	Offers 3-in-1 account which makes stock market investment very easy for casual investors. Wide range of investment options available under one portal. Provides a low bandwidth website which works well where internet connection is slow. GTC (good till cancellation) and off-market hours order placement facility is very useful.	Free equity delivery trades and thematic investments. No brokerage for this segment. Very low brokerage charges of maximum Rs 20 per trade. Free account opening. No software charges. State of art trading platforms. Thematic investment is available Refer your friends and earn 20% of the revenues generated by your friends, for life!
Cons	ICICI Security charges highest brokerage in comparison to most of the retail brokers in India. Very high 'minimum brokerage' of Rs 35 per trade or 2.5% of the trade value whichever is lower. Poor performance of website is reported in peak hours of trading. Trading Terminal (Trade Racer) cost Rs 75 per month if brokerage paid in a month is less then Rs 750. Demat Account is mandatory. Call & trade cost extra Rs 50 per trade in Neo/Prime Plans.	Depository services are offered through another company (IL&FS). Higher demat charges.
Reviews
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	Fyers Special Offer Free Equity Delivery Trading and Mutual Funds Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O. Brokerage-free Direct Mutual Fund investment. Trade with one of the best trading platforms in India. This is a limited-time offer. Open FREE Fyers Account online and start trading today.
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