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ICICI Direct Brokerage, Brokerage Plans, Other Charges, Leverage & Margin 2019

ICICI Direct Brokerage Plan 2019

The full Service Broker, ICICI's brokerage plan is 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:

ICICI Direct Prime Brokerage Plan: ICICI Direct has recently launched Prime brokerage Plan in which by paying nominal amount as subscription fees per year you can save up to 72% in Brokerage charges of cash segment.

Currently they are also offering, A limited period offer where you can get cash back equivalent to subscription amount as Free Brokerage which needs to be spent in 3 month from the date of subscription.

By enrolling yourself in this plan you would also be eligible in getting your sales proceeds on selling your share in BSE on the same day instead of 3-4 Days.

There are 3 subscription plans available to choose from and you can apply any one of them based on your trading volume in a year's time:

Prime Plan Cash Back Cash Brokerage

900

900

0.25%

4500

4500

0.18%

9500

9500

0.15%

I Saver Plan : This is the plan with variable brokerages as per your trading volume. The brokerage will be high if trading volume is low and brokerage will be less if trading volume is high. So this plan works well if your trading volume is high.

ICICI Direct
  • In Cash segment : The minimum brokerage for transactions upto Rs.4667 on stocks quoting more than Rs. 10 is Rs. 35/- per trade or 2.5% of the trade value whichever is lower. Brokerage rates as mentioned above, will be charged for trade value exceeding Rs.4667.
  • In Cash segment Brokerage on stocks quoting upto Rs. 10 would be levied at Rs.0.05 per share. The total brokerage on such trade would be higher of Rs. 0.05 per share or Rs.35, subject to maximum of Rs. 0.25 per share
  • Equity Future & Option second leg of Intraday square off Rs 15.
  • Currency Future & Option second leg of Intraday square off Rs 10

I Secure: This is flat rate plan.

ICICI Direct
  • The minimum brokerage for transactions upto ₹6364 on stocks quoting more than ₹ 10 is ₹35/- per trade or 2.5% of the trade value whichever is lower. Brokerage rates as mentioned above, will be charged for trade value exceeding ₹6364
  • Brokerage on stocks quoting upto ₹10 would be levied at ₹0.05 per share. The total brokerage on such trade would be higher of ₹0.05 per share or ₹35, subject to maximum of ₹0.25 per share. All Statutory charges would be levied over and above the brokerage.

Life time Prepaid Brokerage Plan : With Lifetime Prepaid Brokerage Plan you get discounted brokerage rates and save on your transaction cost. The prepaid brokerage would be valid for life time or till your card exhausts. At the end of 15 years, any un-utilised brokerage would be refunded back to your account.

ICICI Direct
  • Second leg of intraday transactions in Equity Futures & Options would be levied only Rs 25 per lot or applicable options brokerage mentioned above (whichever is lower)
  • Second leg of intraday transactions in Currency Futures & Options would be levied only Rs 4 per lot (Applicable for 10,000 and 25,000 Prepaid plan only) For remaining plans, no brokerage will be charged.

ICICI Direct Equity Trading Charges 2019

Charges Equity Delivery Equity Intraday
Brokerage (I Saver Plan) 0.75% to 0.25% [depending on volume (Per calendar Quarter)] 0.375% to 0.125%[depending on volume(Per calendar Quarter)]
Brokerage (I Secure Plan) 0.55% [Irrespective of volume (Per calendar Quarter)] 0.275% [Irrespective of volume (Per calendar Quarter)]
Pre-paid Brokerage Plan 0.45% to 0.12% [depending on prepaid plan starting from 10K to 300K )]
STT 0.1% ON BOTH Buy & Sell 0.025% On the Sell side
Transaction / Turnover charges NSE : 0.00310% | BSE 0.00280% NSE : 0.00350%, BSE ₹ 1.5 each on buy trade & sell trade
SEBI Charges 15 Rs/Crore 15 Rs/Crore
GST 18% on (Brokerage + Transaction Charges) 18% on (Brokerage + Transaction Charges)
Stamp Duty 0.01% subject to a maximum of Rs 50 - Depends on state to State 0.01% subject to a maximum of Rs 50 - Depends on state to State

ICICI Direct F&O Trading Charges 2019

Charges Equity Future Equity Options
Brokerage (I Saver Plan) 0.05% to 0.03% [Turnover Per Month] Flat Rs 95 to 35 Per contract lot.(depending on the Lots per month
Brokerage (I Secure Plan) 0.05% to 0.03% [Turnover Per Month] Flat Rs 95 to 35 Per contract lot.(depending on the Lots per month
Pre-paid Brokerage Plan 0.04% to 0.12% [depending on prepaid plan starting from 10K to 300K ] Flat Rs 70 to 15 Per contract lot. [depending on prepaid plan starting from 10K to 300K ]
STT 0.01% On the Sell side 0.05% On the Sell side (ON PREMIUM)
Transaction / Turnover charges NSC : 0.0018% NSC : 0.0450%|BSE 0.0450% on Premium
SEBI Charges 15 Rs/Crore 15 Rs/Crore
GST 18% on (Brokerage + Transaction Charges) 18% on (Brokerage + Transaction Charges)
Stamp Duty 0.01% subject to a maximum of Rs 50 - Depends on state to State 0.01% subject to a maximum of Rs 50 - Depends on state to State

ICICI Direct Currency Trading Charges 2019

Charges Currency Future Currency Options
Brokerage (I Saver Plan) 0.05% to 0.03% [Turnover Per Month] Flat Rs 25 to 10 Per lot
Brokerage (I Secure Plan) 0.05% to 0.0% [Turnover Per Month] Flat Rs 25 to 10 Per lot
Pre-paid Brokerage Plan 0.04% to 0.03% [depending on prepaid plan starting from 10K to 300K ] Flat Rs 20 to 0 Per lot [depending on prepaid plan starting from 10K to 300K ]
STT NA NA
Transaction / Turnover charges NSE: 0.0009% NSE: 0.04% on premium
SEBI Charges 15 Rs/Crore 15 Rs/Crore
GST 18% on (Brokerage + Transaction Charges) 18% on (Brokerage + Transaction Charges)
Stamp Duty 0.01% subject to a maximum of Rs 50 - Depends on state to State 0.01% subject to a maximum of Rs 50 - Depends on state to State

Charges Explained

  • Securities / Commodities Transaction Tax Tax by the government when transacting on the exchanges. Charged as above on both buy and sell sides when trading equity delivery. Charged only on selling side when trading intraday or on F&O.When trading at TRADE SMART Online STT/CTT can be a lot more than the brokerage we charge
  • Transaction/Turnover Charges Exchange transaction charges + Clearing charges. Charged by exchanges (NSE, BSE,MCX) and clearing member.
  • Call & Trade Additional charges of ₹25 per executed order:
  • Stamp Charges Charged as per the state of the client's correspondence address.
  • GST Tax levied by the government on the services rendered. 18% of ( brokerage + transaction charges)
  • SEBI Charges Charged at ₹15 per crore by Securities and Exchange Board of India for regulating the markets.

ICICI Direct Margin Exposure,Leverage for Intraday and F&O

Trade Type Margin
Equity _Intraday Up to 10 times
Equity Future Up to 4 times
Equity Options Selling 2 times, Buying NA
Currency Future NA
Currency Options NA