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ICICI Direct vs Marwadi Group (Compare ICICI Direct and Marwadi Group)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between ICICI Direct vs Marwadi Group, Below comparison of ICICI Direct vs Marwadi Group highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

One on One comparison of ICICI Direct vs Marwadi Group is given below:

ICICI Direct Marwadi Group
About The Brokers
ICICI Direct :

"ICICIdirect.com, an award winning, pioneering online broking platform, The platform not only offers convenient ways to invest in Equity, Derivatives, Currency Futur   >>> more

Marwadi Group :

"Marwadi Shares and Finance Limited was established in 1992 under the leadership of Marwadi brothers in the western state of India ‐ Gujarat. The financial compan   >>> more

Find More Information about the Broker :
ICICI Direct :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Marwadi Group :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker
ICICI Direct :
 Full Service Broker
Marwadi Group :
 Full Service Broker
Promo/offers
ICICI Direct :
Special Offer: ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 5 minutes from sell orders + Free trading tips. Open Instant Account Now
Marwadi Group :
N/A
Advantage
ICICI Direct :
  •  3-in-1 online trading account.
  •  Security of your investment & money
  •  24/7 customer service.
  •   Easy-to-use website.
  •  Innovative offerings like - Margin, MarginPlus, BTST, SPOT.
  •  Derivatives trading,NRI services, mutual funds, IPOs and on-line life insurance.
  •  Own DP services
  •  Award winning research services
  •  Instant payout for your stocks sold (eATM)
  • By Subscribing ICICI Direct Neo Plan you get ZERO BROKERAGE IN FUTURES, RS 20 UNLIMITED PER ORDER BROKERAGE IN OPTIONS AND INTRADAY EQUITY !
Marwadi Group :
  • Multiple financial products available including IPO investment
  • Multiple brokerage plans available
  • Advance charting and various calculators are available
  • Pan India presence through physical offices and sub-brokers
  • A good number of years of experience in the financial industry as the company was established in 1992
  • 25 years of steady growth
Disadvantage
ICICI Direct :
  •  Very High delivery brokerage.
  •  Not a good fit for small and penny stock traders.
  •  Charges for trading terminal usage.
  •  High Minimum Brokerage Charges.
Marwadi Group :
  • They are not transparent when it comes to revealing brokerages
  • No online chat support or email support
  • Majorly limited to Gujarat region
Why This
ICICI Direct :
  •   A Unique 3-in-1 On-line Trading Account, which includes ICICI Bank Account, ICICI Trading Account and ICICI Demat Account, is the key offering for retail stock market investors in India.
  •   Security: Instead of transferring monies to a broker's pool or towards deposits, you can manage your own demat and bank accounts when you trade through ICICIdirect.com. It provides you the flexibility to pay only when you trade.
  •   Largest Equity E-Broking House with >40 Lac customers.
  •   Share trading in both NSE and BSE, innovative offerings like - Margin, MarginPlus, BTST, SPOT, Derivatives trading, overseas trading, mutual funds, IPOs and on-line life insurance.
  •   Call-n-Trade: you can place orders securely over the telephone with the Call N Trade service.
  •   Award Winning Research
Marwadi Group :
  • Strong presence in its birth state ‐ Gujarat.
  • Multiple financial products available.
  • Excel in providing research support through dedicated research cell called "Habit" and other charting facility.
  • Pan India physical presence through sub-brokers/ authorized persons and physical branches
  • Their clients trade through multiple online trading platforms
Open Account

ICICI Direct vs Marwadi Group Account Opening & AMC Charges

ICICI Direct Trading Account Opening Fee is Rs 0 (Free) and - . ICICI Direct Demat Account AMC is Rs 300 (from 2nd year) and - .

ICICI Direct Marwadi Group
Trading Account Opening Fee Trading Account Opening Fee :

Rs 0 (Free)

Trading Account Opening Fee : -
Demat Account Opening Fee Demat Account Opening Fee :

Rs 0 (Free)

Demat Account Opening Fee : -
Demat Account AMC Demat Account AMC :

Rs 300 (from 2nd year)

Demat Account AMC : -
Trading Account AMC Trading Account AMC :

Rs 0 (Free)

Trading Account AMC : -

ICICI Direct vs Marwadi Group Brokerage Charges

ICICI Direct Brokerage Charges Equity Delivery is 0.55% and Equity Intraday is 0.275% and Equity Options is Rs 95 per lot . Marwadi Group Brokerage Charges

ICICI Direct Marwadi Group
Plan Name Plan Name :

I-Secure Plan

Plan Name :

ICICIDirect Neo Plan

-
Equity Delivery Equity Delivery :

0.55%

Equity Delivery :

0.55%

-
Equity Intraday Equity Intraday :

0.275%

Equity Intraday :

Rs 20 per order

-
Equity Future Equity Future :

0.05%

Equity Future :

Rs 0 (Free)

-
Equity Options Equity Options :

Rs 95 per lot

Equity Options :

Rs 20 per order

-
Currency Futures Currency Futures :

Rs 20 per order

Currency Futures :

Rs 20 per order

-
Currency Options Currency Options :

Rs 20 per order

Currency Options :

Rs 20 per order

-
Monthly Fee Monthly Fee :

NA

Monthly Fee :

NA

-
Margin Trading Margin Trading :

0.05% - 0.03%

Margin Trading :

0.05% - 0.03%

-
Commodity Futures Commodity Futures :

Rs 20 per order

Commodity Futures :

Rs 20 per order

-
Commodity Options Commodity Options :

Rs 20 per order

Commodity Options :

Rs 20 per order

-

ICICI Direct vs Marwadi Group Exchange Transaction Charges

ICICI Direct Exchange Transaction Charges Equity Future is Rs 180 per Cr (0.0018%) and Equity Options is Rs 5000 per Cr (0.05%) (on premium) . Marwadi Group Exchange Transaction Charges - and - .

ICICI Direct Marwadi Group
Equity Delivery Equity Delivery :

NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)

Equity Delivery : -
Equity Intraday Equity Intraday :

NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)

Equity Intraday : -
Equity Future * Equity Future :

Rs 180 per Cr (0.0018%)

Equity Future : -
Equity Options * Equity Options :

Rs 5000 per Cr (0.05%) (on premium)

Equity Options : -
Currency Futures * Currency Futures :

Rs 120 per Cr (0.0012%)

Currency Futures : -
Currency Options Currency Options :

Rs 5000 per Cr (0.05%) (on premium)

Currency Options : -
Commodity Commodity :

Group A - Rs 260 per Cr (0.0026%)

Commodity : -

ICICI Direct vs Marwadi Group Other Charges

ICICI Direct Minimum Brokerage is Rs 35 per trade (I-Secure Plan) and Call & Trade is Rs 50 per trade . Marwadi Group and .

ICICI Direct Marwadi Group
Minimum Brokerage Minimum Brokerage :

Rs 35 per trade (I-Secure Plan)

Minimum Brokerage : -
Call & Trade Call & Trade :

Rs 50 per trade

Call & Trade : -
Stamp Duty * Stamp Duty : - Stamp Duty : -
DP Charges (on sell side) DP Charges (on sell side) : - DP Charges (on sell side) : -
Other Miscellaneous Charges Other Miscellaneous Charges :

Margin Trading Interest: 0.025% Per day

Other Miscellaneous Charges : -

ICICI Direct vs Marwadi Group Features

ICICI Direct and Marwadi Group both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

ICICI Direct Marwadi Group
Trading Platform Trading Platform :

ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App

Trading Platform : -
Placing orders through charts Placing orders through charts : - Placing orders through charts : -
Trading Alerts Trading Alerts : - Trading Alerts : -
Research and Advice / Trading Tips Research and Advice / Trading Tips : - Research and Advice / Trading Tips : -
Detailed Education Initiatives Detailed Education Initiatives : - Detailed Education Initiatives : -
Unique features & Offers Unique features & Offers :

  • Offer 3-in-1 Account.
  • Support in local ICICI Bank branches.
  • Trusted brand.

Unique features & Offers : -
Referral Program Referral Program : - Referral Program : -
Margin Against Shares (Equity Cash) * Margin Against Shares (Equity Cash) :

Yes

Margin Against Shares (Equity Cash) :

Yes

Margin Against Shares (Equity F&O) * Margin Against Shares (Equity F&O) :

Yes

Margin Against Shares (Equity F&O) :

Yes


ICICI Direct vs Marwadi Group Demat Account Charges

A comparative table of various demat account charges between ICICI Direct and Marwadi Group is below:

ICICI Direct Marwadi Group
Depository Service Provider Depository Service Provider :

NSDL

Depository Service Provider : -
Account Opening Fee Account Opening Fee :

Stamp Duty at actuals

Account Opening Fee : -
Advance Deposit Advance Deposit :

Rs 0 for ICICI Bank customers.

Rs 7500 for Non ICICI BANK customers.

Advance Deposit : -
AMC AMC :

For Individual account: Rs 700 p.a.

For Corporate account: Rs 1500 p.a.

AMC : -
Dematerialisation Charges Dematerialisation Charges :

Rs 50 Per Demat Request Form and Rs 10 For Each Certificates

Dematerialisation Charges : -
Rematerialisation Charges Rematerialisation Charges :

Rs 25 + CDSL charges at actual

Rematerialisation Charges : -
Transaction Charges (Credit) Transaction Charges (Credit) : - Transaction Charges (Credit) : -
Transaction Charges (debit) Transaction Charges (debit) :

For Normal Market & Off Market sell (0.04% of trans value for each CID)(subject to minimum Rs 30)

For Debt instruments Market & Off Market sell (0.04% of trans value for each CID)(subject to minimum Rs 30 & maximum Rs 25,000 )

Transaction Charges (debit) : -
Pledge Creation Charges Pledge Creation Charges :

0.02% or minimum of Rs 35

Pledge Creation Charges : -
Pledge Creation Confirmation Charges Pledge Creation Confirmation Charges :

0.02% or minimum of Rs 35

Pledge Creation Confirmation Charges : -
Pledge Invocation Charges Pledge Invocation Charges :

0.02% or minimum of Rs 35

Pledge Invocation Charges : -
Failed Instruction Charges Failed Instruction Charges : - Failed Instruction Charges : -
Other Charges Other Charges :

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

Other Charges : -

ICICI Direct vs Marwadi Group Basic Details

ICICI Direct Year of Incorporation is 2000 and Total Number of Clients is 3135167 and Total Number of Branches is 154 . Marwadi Group and Total Number of Clients is 128536 and .

ICICI Direct Marwadi Group
Year of Incorporation Year of Incorporation :

2000

Year of Incorporation : -
Active Exchange Memberships Active Exchange Memberships : - Active Exchange Memberships : -
Demat Services Demat Services :

Yes

Demat Services : -
Website Website : - Website : -
Contact Details Contact Details : - Contact Details : -
Total Number of Clients Total Number of Clients :

3,135,167

Total Number of Clients :

128,536

Total Number of Branches Total Number of Branches :

154

Total Number of Branches : -
Products * Products : - Products : -

ICICI Direct vs Marwadi Group Orders

Orders

ICICI Direct Marwadi Group
Cover Orders (CO) Cover Orders (CO) :

Yes

Cover Orders (CO) : -
Bracket orders / One Cancels Other (BO / OCO) Bracket orders / One Cancels Other (BO / OCO) :

No

Bracket orders / One Cancels Other (BO / OCO) : -
After Market Orders (AMO) After Market Orders (AMO) :

No

After Market Orders (AMO) : -
Buy Today Sell Tomorrow (BTST) * Buy Today Sell Tomorrow (BTST) :

Yes

Buy Today Sell Tomorrow (BTST) :

Yes

Sell Today Buy Tomorrow (STBT) * Sell Today Buy Tomorrow (STBT) :

No

Sell Today Buy Tomorrow (STBT) :

Yes

Good Till Cancelled (GTC) * Good Till Cancelled (GTC) :

Yes

Good Till Cancelled (GTC) :

Yes


ICICI Direct vs Marwadi Group Research and Advice / Trading Tips

Research and Advice / Trading Tips

ICICI Direct Marwadi Group
Equity Trading Recommendation * Equity Trading Recommendation : - Equity Trading Recommendation : -
Equity Investment Recommendation * Equity Investment Recommendation : - Equity Investment Recommendation : -
Recommendation basis risk Profile * Recommendation basis risk Profile : - Recommendation basis risk Profile : -
Comparison * Comparison : - Comparison : -
Free Tips * Free Tips :

Yes

Free Tips : -
Daily Market report * Daily Market report :

Yes

Daily Market report : -
ETF research * ETF research : - ETF research : -
Quarterly Results * Quarterly Results :

Yes

Quarterly Results : -

ICICI Direct vs Marwadi Group Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

ICICI Direct Marwadi Group
Availability for franchisee / AP Availability for franchisee / AP : - Availability for franchisee / AP : -
Investment required for Franchisee / AP Investment required for Franchisee / AP : - Investment required for Franchisee / AP : -

ICICI Direct vs Marwadi Group Product & Services

ICICI Direct and Marwadi Group both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

ICICI Direct Marwadi Group
Delivery Based Trading * Delivery Based Trading : - Delivery Based Trading : -
Margin Trading * Margin Trading :

Yes

Margin Trading : -
Call in Trade * Call in Trade : - Call in Trade : -
Trading in Both the exchanges * Trading in Both the exchanges : - Trading in Both the exchanges : -
Limit Order * Limit Order : - Limit Order : -
3-in-1 On-line Trading Account * 3-in-1 On-line Trading Account : - 3-in-1 On-line Trading Account : -
NRI Services * NRI Services :

Yes

NRI Services : -
SMS Alerts * SMS Alerts :

No

SMS Alerts : -
Offers Multiple Plan * Offers Multiple Plan : - Offers Multiple Plan : -
IPO Investment * IPO Investment : - IPO Investment : -
Portfolio Analysis * Portfolio Analysis : - Portfolio Analysis : -
Advanced Charting Features * Advanced Charting Features : - Advanced Charting Features : -
Brokerage Calculator * Brokerage Calculator : - Brokerage Calculator : -
Margin Calculator * Margin Calculator : - Margin Calculator : -
Stop Loss Order * Stop Loss Order : - Stop Loss Order : -
Bracket Orders & Trailing Stop Loss * Bracket Orders & Trailing Stop Loss : - Bracket Orders & Trailing Stop Loss : -
Equity Future & Option Trading * Equity Future & Option Trading : - Equity Future & Option Trading : -
Currency Future & Option Trading * Currency Future & Option Trading : - Currency Future & Option Trading : -
Market Trading * Market Trading : - Market Trading : -
Monthly & Yearly Plan * Monthly & Yearly Plan : - Monthly & Yearly Plan : -
Aumtomated Trading * Aumtomated Trading : - Aumtomated Trading : -

ICICI Direct vs Marwadi Group Customer Services

ICICI Direct and Marwadi Group both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

ICICI Direct Marwadi Group
Toll Free Number * Toll Free Number : - Toll Free Number : -
Live Chat Facility * Live Chat Facility : - Live Chat Facility : -
Email Facility * Email Facility : - Email Facility : -
Branch Offices * Branch Offices : - Branch Offices : -
Customer Care * Customer Care : - Customer Care : -
Community Service * Community Service : - Community Service : -
Relationship Manager * Relationship Manager : - Relationship Manager : -
24/7 Support * 24/7 Support : - 24/7 Support : -

ICICI Direct vs Marwadi Group Other Investement

ICICI Direct and Marwadi Group both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

ICICI Direct Marwadi Group
Commodity Trading * Commodity Trading : - Commodity Trading : -
Investment in ETFs * Investment in ETFs : - Investment in ETFs : -
Investment in Mutual Funds * Investment in Mutual Funds : - Investment in Mutual Funds : -
Investment in Bonds * Investment in Bonds : - Investment in Bonds : -
Investment in Corporate Debt instruments * Investment in Corporate Debt instruments : - Investment in Corporate Debt instruments : -
Insurance Services * Insurance Services : - Insurance Services : -
Banking Services * Banking Services : - Banking Services : -

ICICI Direct vs Marwadi Group Trading Platform

ICICI Direct and Marwadi Group both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

ICICI Direct Marwadi Group
Web Platform * Web Platform : - Web Platform : -
Android Mobile App * Android Mobile App : - Android Mobile App : -
Desktop Windows * Desktop Windows : - Desktop Windows : -
Desktop Mac * Desktop Mac : - Desktop Mac : -
I-Pad App * I-Pad App : - I-Pad App : -
Virtual Trading * Virtual Trading : - Virtual Trading : -
iPhone Mobile App * iPhone Mobile App : - iPhone Mobile App : -
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