• Top Stock Brokers in India ‐ Reviews, Comparison and Offers

The full-Service Broker, ICICI's brokerage plan is a bit complex in nature. The broker offers two-tier commission structures, flat rate percentage, and variable percentage depending upon volume. ICICI offers multiple Brokerage plan are as follows:

ICICIDirect NEO Brokerage Plan

Currently, the most popular plan which they are offering and have launched recently is the ICICI Direct NEO, which offers Zero brokerage on Future Trade, Rs.20 Unlimited per order brokerage on options & Intraday trade.

ICICI direct NEO brokerage plan provides an opportunity to invest in the stock market at competitive rates and is been designed for the trader community who mostly trades in the F&O segment (including currency & commodity F&O) and interested in lowering their brokerage along with a host of services provided by ICICI.

Key Features of ICICI Direct NEO Brokerage Plan: You would be eligible for services provided by ICICI direct as per the subscribed plan and additionally you would be eligible for

  • The instant fund, You can get your funds within 30minutes of selling shares
  • You can avail of Margin Funding at 0.025% per day
  • You can access the ICICI research team
  • Research reports
  • you would be charged Rs.50 per order for call & Trade
  • The minimum brokerage charged for the intraday equity margin segment for transactions up to Rs.40,000 will be 0.05% of the trade value or Rs.20, whichever is lower
  • You need to pay only one-time subscription fees of ₹299 and there would not be any monthly or yearly fees against this plan.

ICICI Direct NEO Brokerage Charges:

This plan is mainly designed for the traders/investors community who mostly trades in the Intraday & F&O segment. This plan would bring ICICIdirect into the league of discount brokers with respect to the brokerage charges and would surely help them to gain market share.

EQ Delivery As per existing Plan
EQ Intraday Rs.20 Per order
EQ Futures Zero
EQ Options Rs.20 Per order
CUR F&O Rs.20 Per order
Commodity F&O Rs.20 Per order

ICICI Direct Prime Plan

Currently, the most popular plan which they are offering and have launched recently is the ICICI Direct Prime Plan which offers >50% reduction in brokerage charges by paying nominal annual fixed membership fees with a host of services like exclusive research, Instant payout for your stocks sold (eATM). It offers 4 different –different subscription plans to choose from

Prime Plan (₹) Delivery/Cash % Intraday / Futures % Options (Per Lot) (₹) Currency Futures Currency Options Commodity Futures
299.00 0.27 0.027 ₹40 ₹20 per order ₹20 per order ₹20 per order
999.00 0.22 0.022 ₹35 ₹20 per order ₹20 per order ₹20 per order
1,999.00 0.18 0.018 ₹25 ₹20 per order ₹20 per order ₹20 per order
2,999.00 0.15 0.015 ₹20 ₹20 per order ₹20 per order ₹20 per order

ICICI Direct Pre-paid Plans

If you wanted to reduce your brokerage charges significantly then Lifetime Prepaid Brokerage Plan is for you where you get discounted brokerage rates and you save on your transaction cost. A prepaid brokerage plan comes with a Lifetime validity of 15 years. You can utilize the brokerage amount till it is exhausted within the span of 15 years.In this plan you can reduce your brokerage to as low as 0.09%, 0.009% & Rs 10 in Cash, Margin/ Futures & Options respectively

Prepaid Plan (₹) Delivery/Cash % Intraday / Futures % Options (Per Lot) (₹) Currency Futures Currency Options Commodity Futures
5000.00 0.25 0.025 ₹35 ₹20 per order ₹20 per order ₹20 per order
12500.00 0.22 0.022 ₹30 ₹20 per order ₹20 per order ₹20 per order
25000.00 0.18 0.018 ₹25 ₹20 per order ₹20 per order ₹20 per order
50000.00 0.15 0.015 ₹20 ₹20 per order ₹20 per order ₹20 per order
100000.00 0.12 0.012 ₹15 ₹20 per order ₹20 per order ₹20 per order
150000.00 0.09 0.009 ₹10 ₹20 per order ₹20 per order ₹20 per order

ICICI Direct I-Secure Plan

This is the Basic plan offered by ICICI Direct and does not have any kind of subscription fees or any kind of advance brokerage payment. This is the costliest among all the plan

I-Secure Plan Delivery/Cash % Intraday / Futures % Options (Per Lot) (₹) Currency Futures Currency Options Commodity Futures
I-Secure Plan 0.55 Intraday- 0.055 (for Both Legs), Future -0.050 ₹95 ₹20 per order ₹20 per order ₹20 per order
Special Offer: Free Futures Trading + Intraday Trading charges at Flat ₹20 + Commodity & Currency Derivative at Flat ₹20. Get the offer
ICICI Direct Account Opening & AMC Charges

ICICI Direct charges ₹0 for the opening of a trading account with them and is the one-time fee charged while initiating your account opening process. ₹300 (2nd year onwards) are annual maintenance charges for a demat account and would get deducted from your account even if you have not traded for a year by ICICI Direct to maintain your account.

Name Details
Trading Account Opening Fee ₹0
Demat Account Opening Fee ₹0
Demat Account AMC ₹300 (2nd year onwards)
Trading Account AMC ₹0
ICICI Direct Brokerage Charges

Please find below ICICI Direct Brokerage charges in their basic Plan. ICICI Direct provides delivery trade at 0.55%, Intraday Trade at 0.275%, Equity Future Trade at 0.05%, and Equity Option Trade at ₹95 per lot.

Plan Name I-Secure Plan ICICIDirect Neo Plan ICICIDirect Prime
Equity Delivery 0.55% 0.55% 0.15% to 0.27%
Equity Intraday 0.275% Rs 20 per order 0.015% to 0.027%
Equity Future 0.05% Rs 0 (Free) 0.015% to 0.027%
Equity Options ₹95 per lot Rs 20 per order Rs 20 to Rs 40 Per Lot
Currency Futures Rs 20 per order Rs 20 per order Rs 20 per Lot
Currency Options Rs 20 per order Rs 20 per order Rs 20 per Lot
Monthly Fee NA - Rs. 299 to 2999 per month
Margin Trading 0.05% - 0.03% 0.05% - 0.03% 0.024% to 0.04% per day
Commodity Futures Rs 20 per order Rs 20 per order Rs 20 per Lot
Commodity Options Rs 20 per order Rs 20 per order Rs 20 per Lot
ICICI Direct Transaction Charges (Per Crore)

The Brokers in India charges Transaction / Turnover charges along with Brokerage on every order executed through the stock exchange. These charges differ by the stock exchange in which you trade and type of trades like delivery, intraday or F&O, etc. ICICI Direct Transaction charges are as per the below table:

Name Details
Equity Delivery NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side)
Equity Intraday NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side)
Equity Future * ₹180 per Cr (0.0018%)
Equity Options * ₹5000 per Cr (0.05%) (on premium)
Currency Futures * ₹120 per Cr (0.0012%)
Currency Options ₹5000 per Cr (0.05%) (on premium)
Commodity NA
ICICI Direct Other Charges

A lot of other Charges are getting levied other than brokerage by ICICI Direct like minimum brokerage, call & Trade charges, Stamp duty, DP Charges, etc. A list of the same is in the below table.

Name Details
Minimum Brokerage ₹35 per trade
Call & Trade ₹25 per call after first 20 free calls per month
Stamp Duty * Charges as per the state of residence
DP Charges (on sell side) 0.04% (Min ₹25 and Max ₹25,000)
Other Miscellaneous Charges -
ICICI Direct Demat Account Charges

The charges on Demat account transactions are charged separately and over and above trading Brokerage. Find ICICI Direct demat account charges 2020.

Name Details
Depository Service Provider CDSL and NSDL
Account Opening Fee ₹0
Advance Deposit

₹0 for ICICI Bank customers.

₹7500 for Non ICICI BANK customers.

AMC ₹0
Dematerialisation Charges

₹50 Per Demat Request Form and ₹3 For Each Certificates

Rematerialisation Charges

₹25 + CDSL charges at actual

Transaction Charges (Credit) -
Transaction Charges (debit) ₹0 for trader on ICICIDirect.com
Pledge Creation Charges

0.02% or minimum of ₹50

Pledge Creation Confirmation Charges

If, ICICI Bank is counterparty: 0.02% or minimum of ₹35; If, ICICI Bank is not counterparty: 0.04% or minimum of ₹35

Pledge Invocation Charges

If, ICICI Bank is counterparty: 0.02% or minimum of ₹35; If, ICICI Bank is not counterparty: 0.04% or minimum of ₹35

Failed Instruction Charges

₹30

Other Charges

1. Mailing charges for non periodic statements and other communication, ₹50 for inland and ₹500.0 for foreign address.

2. ₹200 for restoring services if account is suspended for non payment of charges.

 

Special Offer: Free Futures Trading + Intraday Trading charges at Flat ₹20 + Commodity & Currency Derivative at Flat ₹20. Get the offer

ICICI Direct User Reviews

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