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ICICIdirect Vs Zerodha (Compare ICICIdirect and Zerodha)

ICICI Securities Pvt Ltd. Logo

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... Know more about ICICI Securities Pvt Ltd.

ICICIdirect Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs
Zerodha Logo

About Zerodha
Zerodha is India's leading stockbroker. It is among the largest and most reputed brokers offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO, Futures & Options, Bonds, Govt. Securities, and Direct Mutual Funds. Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and Futures, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. Further, for Options trades, it charges Flat Rs. 20 per executed orde... Know more about Zerodha

Zerodha Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs
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ICICIdirect Vs Zerodha

Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India.

  ICICIdirect Zerodha
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE NSE, BSE, MCX and NCDEX
Year of Incorporation 2000 2010
Number of Branches 154 22
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ICICIdirect Vs Zerodha Charges & AMC

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

  ICICIdirect Zerodha
Trading Account Opening Charges Rs 0 (Free) Rs 0
Trading Account AMC Charges Rs 0 (Free) Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 300 (from 2nd year) Rs 300
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ICICIdirect Vs Zerodha Brokerage

ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower.

Account Type ICICIdirect ICICI Neo Plan Zerodha Flat Brokerage Plan
Fixed Charges NA
Equity Delivery 0.55% Rs 0 (Free)
Equity Intraday Rs 20 per order Rs 20 per executed order or .03% whichever is lower
Equity Futures Rs 0 (Free) Rs 20 per executed order or .03% whichever is lower
Equity Options Rs 20 per order Rs 20 per executed order
Currency Futures Rs 20 per order Rs 20 per executed order or .03% whichever is lower
Currency Options Rs 20 per order Rs 20 per executed order
Commodity Futures Rs 20 per order Rs 20 per executed order or .03% 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 without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.

ICICIdirect Vs Zerodha Brokerage Plan 2

  ICICIdirect Zerodha
Account Type I-Secure Plan Flat Brokerage Plan
Fixed Charges NA
Equity Delivery 0.55% Rs 0 (Free)
Equity Intraday 0.275% Rs 20 per executed order or .03% whichever is lower
Equity Futures 0.05% Rs 20 per executed order or .03% whichever is lower
Equity Options Rs 95 per lot Rs 20 per executed order
Currency Futures Rs 20 per order Rs 20 per executed order or .03% whichever is lower
Currency Options Rs 20 per order Rs 20 per executed order
Commodity Futures Rs 20 per order Rs 20 per executed order or .03% whichever is lower
Commodity Options Rs 20 per order Rs 20 per executed order
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ICICIdirect Charges Vs Zerodha

Minimum Brokerage Rs 35 per trade (I-Secure Plan) 0.03% in Intraday and F&O
Other Charges Margin Trading Interest: 0.025% Per day Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS
Call & Trade Charges Rs 50 per trade Rs 50 per executed order
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ICICIdirect Vs Zerodha 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 Zerodha exchange transaction charges for options is NSE Rs 3503 per Cr (0.03503%) | BSE Rs 500 per Cr (0.005%) (on premium).

  ICICIdirect Zerodha
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE Rs 297 per Cr (0.00297%) | 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 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 NSE Rs 173 per Cr (0.00173%) | BSE Rs 0
Equity Options NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) NSE Rs 3503 per Cr (0.03503%) | BSE Rs 500 per Cr (0.005%) (on premium)
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) NSE Rs 35 per Cr (0.00035%) | BSE Rs 45 per Cr (0.00045%)
Currency Options NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium) NSE Rs 3110 per Cr (0.0311%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity Group A - Rs 260 per Cr (0.0026%) Group A - Rs 260 per Cr (0.0026%)
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ICICIdirect Vs Zerodha Leverage (Margin)

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

  ICICIdirect Zerodha
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 Zerodha Features

The trading platforms offered ICICIdirect include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Zerodha offers Kite Web, Kite Mobile for Android/iOS and Coin trading software.

  ICICIdirect Zerodha
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App Kite Web, Kite Mobile for Android/iOS and Coin
Intraday Square-off Time 3:30 PM Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close
Trading In SME Shares Allowed? Yes
Referral Program Yes
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader Direct Mutual Funds, APIs for Algo Trading
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ICICIdirect Vs Zerodha Review

ICICIdirect is rated 2.3 of 5 based on 482 customer reviews whereas Zerodha is rated 3.7 of 5 based on 486 customer reviews.

  ICICIdirect Zerodha
  482 Customer Reviews    Rate ICICIdirect 486 Customer Reviews    Rate Zerodha
Fees 2.2 3.6
Brokerage 1.7 4.2
Trading Platform 3.3 3.6
Customer Service 2.6 3.4
Research Capabilities 2.9 2.8
Overall Ratings Rated 2.3 stars Rated 3.7 stars
Broker Rating ICICIdirect is rated 2.3 of 5 based on 482 customer reviews Zerodha is rated 3.7 of 5 based on 486 customer reviews
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Contact Broker / Request A Call Back

  ICICIdirect Enquire Zerodha 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. Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.
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ICICIdirect Vs Zerodha Investment Options

  ICICIdirect Zerodha
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes No
Other Investment Options Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS
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ICICIdirect Vs Zerodha Order Type Offered

  ICICIdirect Zerodha
Bracket Order No No
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes No
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes Yes
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ICICIdirect Vs Zerodha Research Report

  ICICIdirect Zerodha
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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ICICIdirect Vs Zerodha Suitable For Investor Type

  ICICIdirect Zerodha
Casual Investor Yes Yes
Active Investor Yes
Trader Yes
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ICICIdirect Vs Zerodha - Pros and Cons

  ICICIdirect Zerodha
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 account opening for people under 25.
  • India's leading broker in terms of the number of active clients, exchange volume and brokerage revenue.
  • Safe, reliable, and most technologically advance broker in India.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Flat Rs 20 per trade brokerage for all other segments.
  • Excellent trading platforms (Kite) available for free.
  • Direct Mutual Fund Investment is available.
  • Good Till Triggered (GTT) orders are available. These are similar to GTC orders.
  • NRI Trading account is available.
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.
  • It does not provide stock tips, research, and recommendations.
  • Call & Trade is charged an extra Rs 50 per order.
  • Auto Square off is charged at an extra Rs 50 per order.
  • It does not offer a 3-in-1 account.
  • It does not offer monthly unlimited trading plans.
  • It does not offer an AMC Free Demat account.
  • No margin funding.
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

Zerodha Special Offer

Free stock trading and mutual funds

  • Free account opening for all people.
  • Brokerage-free share delivery trades and flat Rs 20 per trade for Intraday & F&O +
  • Brokerage-free Direct Mutual Fund investment + +
  • Trade with the best trading platform in India.

This is a limited time offer. Open an instant Zerodha account online and start trading today.
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Frequently Asked Questions

  1. 1. Compare between ICICIDirect and Zerodha?

    ICICI Direct is a full-service broker whereas Zerodha is a discount broker. In addition to Zerodha, ICICI offers free research, margin against shares, ASBA IPO application, and fund payouts in 30 minutes. Unlike Zerodha, ICICI Direct provides a 3-in-1 account.

    Both ICICI and Zerodha charge the same flat Rs 20 per trade brokerage in Intraday, Equity Options, Currency F&O, and Commodity F&O. ICICI charges higher brokerage (0.55%) for equity delivery whereas Zerodha offers it brokerage-free. ICICI Direct offers brokerage-free trading in Eq Futures whereas Zerodha charges Rs 20 per trade.

    Compare Between ICICIDirect and Zerodha

    ICICI Direct Zerodha

    Full-Service Broker

    Discount Broker

    Have 100's of branches

    No branches

    Personalized services through relationship manager.

    No personalized services.

    Free research and trading tips.

    No research was provided.

    Offer 3-in-1 account

    Offer 2-in-1 account

    % based brokerage charges. 0.55% for equity delivery.

    Flat Rs 20 per trade brokerage. Free for equity delivery.

    Brokerage-free Equity Futures trading.

    Rs 20 per trade brokerage for Equity Futures trading.

    Free trading website and mobile app. Paid installable trading terminal.

    Free trading website and mobile app. Doesn't offer a trading terminal.

    Also offer Mutual Funds, Insurance, Corporate FDs, Bonds, IPO and Loans

    Offer Mutual funds and online IPO.

    Offers margin funding.

    No margin funding.

    The minimum brokerage charge is Rs 35 per trade in Equity delivery trades.

    The minimum brokerage charge is 0.03% which is very low.

    Find more detail at:

     

  2. 2. Is Zerodha better than ICICI Direct?

    Zerodha is better than ICICI Direct in the following ways:

    • Zerodha has a superior trading platform.
    • Zerodha has much simpler and transparent pricing.
    • Zerodha offers brokerage-free equity and mutual fund investment. ICICI Direct charges 0.55% brokerage for equity delivery.
    • Zerodha call and trade charges are Rs 20 per trade while ICICI Direct charges Rs 50.
    • Zerodha doesn't charge any subscription fee. ICICI Direct charges subscription fees in the prime plan.

    ICICI Direct is better than Zerodha in the following ways:

    • ICICI Direct offers a 3-in-1 account which makes trading convenient. Zerodha offers only trading and demat accounts.
    • ICICI Direct offers free stock tips, research and advisory services. Zerodha doesn't provide advisory.
    • ICICI Direct Neo plan offers brokerage-free equity futures trading.
    • ICICI Direct offers free account opening while Zerodha charges Rs 200.
    • ICICI Direct offers instant availability of part of funds in the trading account when you sell shares.
    • ICICI Direct offers margin funding while Zerodha doesn't offer it.
    • ICICI Direct provides local support through the branch. Zerodha is an online broker with no branches.
    • ICICI Direct provides a relationship manager (RM) which Zerodha doesn't provide.
    • ICICI Direct is backed by ICICI Group, a leading financial group in India.

     

  3. 3. Zerodha vs ICICIdirect which is best?

    Zerodha and ICICIdirect are different types of brokers. Zerodha is an online discount broker offering only online trading services whereas; ICICIdirect is a full-service broker offering a wide range of products including trading, research, and advisory services.

    Zerodha vs ICICIdirect

    Key Factors

    Zerodha

    ICICIdirect

    Account Type

    2-in-1 Account (Trading and Demat Account)

    3-in-1 Account (Bank, Trading and Demat Account)

    Brokerage Plans

    One simple flat rate brokerage plan

    Different brokerage plans

    Brokerage (Equity Delivery)

    Free

    0.55% to 0.30% based on plan

    Products

    Equity, F&O, Currency, Commodities, IPO, Mutual Funds

    Equity, F&O, Currency, Commodities, IPO, Mutual Funds, Insurance, Corporate FDs, Loans.

    Trading Account Opening Fees

    Rs 200

    Free

    Research Services

    No

    Yes

    Relationship Manager

    No

    Yes

    Offline Branch Support

    No

    Yes

    Margin Funding

    No

    Yes

    Trading Platform

    Best in the industry

    20+ years old platform

    Direct Mutual Funds

    Yes

    No

     

  4. 4. Which is better Zerodha or ICICI Direct?

    Zerodha and ICICIdirect both are stock brokers but they offer different kinds of services. Zerodha is an online flat fee broker offering stocks and mutual funds. ICICIdirect is a full-service broker that provides a range of online and offline services including research, PMS, IPO, Insurance, Mutual Funds.

    Zerodha is suitable for investors who can manage to trade on their own while, ICICIdirect is for traders that need hand-holding and assistance for trading.

    Zerodha is better than ICICIdirect for the following points:

    • India's No.1 discount broker.
    • Simple and flat brokerage model for all.
    • Low-cost brokerage services.
    • Offers brokerage-free Equity delivery trading. ICICIdirect charge 0.55%.
    • Technologically advanced and robust trading platforms.
    • No monthly/yearly subscription fees. ICICIdirect charges a yearly subscription fee in some plans.

    ICICIdirect is better than Zerodha on the following grounds:

    • 3-in-1 Account (Bank, Trading and Demat Account). Zerodha doesn't offer a bank account.
    • Brokerage-free Equity futures trading in Neo Plan.
    • Free research and advisory services.
    • Personalized in-person assistance in branches or through Relationship Manager.
    • Margin funding.
    • Different brokerage plan options.
    • Instant partial fund withdrawal on the selling of shares in Prime Plan.

     

  5. 5. Is ICICI direct better than Zerodha?

    ICICIdirect is a full-service broker that provides a wide range of products and services. Zerodha is India's Number 1 broker offering online trading services.

    ICICIdirect and Zerodha belong to different categories of the broker. Thus, their suitability differs based on the customer trading needs. Zerodha is suitable for customers who can trade online independently. ICICIdirect is apt for beginners who need assistance for trading or are frequent F&O traders.

    ICICIdirect is better than Zerodha on the following grounds:

    • ICICIdirect Offers 3-in-1 Account (Bank, Trading and Demat Account). This account makes the transaction between these 3 accounts seamless and convenient.
    • ICICIdirect offers a wide range of products under one umbrella - Equity, F&O, Commodity, Currency, IPO, Mutual Funds, Insurance, Corporate FD, and Loans.
    • Flexi brokerage plan options are available for frequent traders.
    • Offers brokerage-free Equity futures trading in Neo plan (subscription-based).
    • Online and offline trading facility through branch offices.
    • Relationship manager services for in-person assistance.
    • Free research and advisory services.
    • Offline branch support through a network of branches.

     

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