ICICIdirect Vs mStock (Compare ICICIdirect and mStock)

ICICIdirect Vs mStock

Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 2022, mStock is a Discount. It offers trading at BSE, NSE, MCX. It has 0 branches across India.

	ICICIdirect	mStock
Type of Broker	Full Service Broker	Discount
Exchnage Membership	BSE, NSE	BSE, NSE, MCX
Year of Incorporation	2000	2022
Number of Branches	154	0

ICICIdirect Vs mStock Charges & AMC

ICICIdirect trading account opening charges is Rs 0 (Free) while mStock account opening changes is Rs 999 (One TIme Cost). ICICIdirect Demat Account AMC Charges is Rs 300 (from 2nd year) and mStock Demat Account AMC Charges is Annual Rs. 480 + GST (To be recovered on a Quarterly basis).

	ICICIdirect	mStock
Trading Account Opening Charges	Rs 0 (Free)	Rs 999 (One TIme Cost)
Trading Account AMC Charges	Rs 0 (Free)	Annual Rs. 480 + GST (To be recovered on a Quarter
Demat Account Opening Charges	Rs 0 (Free)	Rs 999 (One TIme Cost)
Demat Account AMC Charges	Rs 300 (from 2nd year)	Annual Rs. 480 + GST (To be recovered on a Quarterly basis)

ICICIdirect Vs mStock Brokerage

ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas mStock brokerage charges for equity is Rs 0 (Free) and intraday is Rs 0 (Free).

Account Type	ICICIdirect ICICI Neo Plan	mStock Lifetime Zero Brokerage Plan
Fixed Charges	NA	Rs 999 (One Time Payment)
Equity Delivery	0.55%	Rs 0 (Free)
Equity Intraday	Rs 20 per order	Rs 0 (Free)
Equity Futures	Rs 0 (Free)	Rs 0 (Free)
Equity Options	Rs 20 per order	Rs 0 (Free)
Currency Futures	Rs 20 per order	Rs 0 (Free)
Currency Options	Rs 20 per order	Rs 0 (Free)
Commodity Futures	Rs 20 per order	NA
Commodity Options	Rs 20 per order	NA
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ICICIdirect Vs mStock Brokerage Plan 2

	ICICIdirect	mStock
Account Type	I-Secure Plan	Rs 0 Plan
Fixed Charges	NA	NA
Equity Delivery	0.55%	Rs 0 (Free)
Equity Intraday	0.275%	Rs.20 per Executed Order/0.3%of the turnover value
Equity Futures	0.05%	Rs 20 as per executer order
Equity Options	Rs 95 per lot	Rs 20 as per executer order
Currency Futures	Rs 20 per order	Rs 20 as per executer order
Currency Options	Rs 20 per order	Rs 20 as per executer order
Commodity Futures	Rs 20 per order	NA
Commodity Options	Rs 20 per order	NA

ICICIdirect Charges Vs mStock

Minimum Brokerage	Rs 35 per trade (I-Secure Plan)
Other Charges	Margin Trading Interest: 0.025% Per day	Rs 20/order - MTF
Call & Trade Charges	Rs 50 per trade	Rs 0 (Free)

ICICIdirect Vs mStock 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 mStock exchange transaction charges for options is NSE Rs 4950 per Cr (0.0495%) (on premium).

	ICICIdirect	mStock
Equity Delivery	NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)	NSE Rs 322 per Cr (0.00322%) | 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 322 per Cr (0.00322%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures	NSE Rs 190 per Cr (0.0019%) | BSE Rs 0	NSE Rs 188 per Cr (0.00188%) | BSE Rs 0
Equity Options	NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium)	NSE Rs 4950 per Cr (0.0495%) (on premium)
Currency Futures	NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)	NSE Rs 9 per Cr (0.00009%)
Currency Options	NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)	NSE Rs 35 per Cr (0.00035%) (on premium)
Commodity	Group A - Rs 260 per Cr (0.0026%)

ICICIdirect Vs mStock Leverage (Margin)

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

	ICICIdirect	mStock
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)

Compare ICICIdirect and mStock Features

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

	ICICIdirect	mStock
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	Mobile App & Web Platform
Intraday Square-off Time	3:30 PM
Trading In SME Shares Allowed?
Referral Program
Other Features	Bullet Trading, Can trade in 32 exchanges through Saxo Trader	Buyback Trading

ICICIdirect Vs mStock Review

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

	ICICIdirect	mStock
	482 Customer Reviews	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

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ICICIdirect Vs mStock Investment Options

	ICICIdirect	mStock
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	Pay Later (MTF), Pledge Shares

ICICIdirect Vs mStock Order Type Offered

	ICICIdirect	mStock
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)

ICICIdirect Vs mStock Research Report

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

ICICIdirect Vs mStock Suitable For Investor Type

	ICICIdirect	mStock
Casual Investor
Active Investor
Trader

ICICIdirect Vs mStock - Pros and Cons

	ICICIdirect	mStock
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.
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.
Reviews
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