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Which Brokerage Plan is Best in ICICI Direct?

ICICI offers multiple plans to its customers, like I-Secure, Prepaid Plans, NEO Plan, and Prime plan. In some of the plans by paying some extra fixed charges or subscribing to the prepaid plan you can lower your brokerage charges but it would be more useful for frequent traders. As per us if you are a frequent trader then the ICICI Direct Prime Brokerage plan would be better than any other plan as you can lower your brokerage charges by paying small subscription fees and your brokerage would get reduced by >50%. Please find below the brief description of various plan offered by ICICI Direct and comparison thereof

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

ICICI Direct Neo 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.

Neo Plan Delivery/Cash % Intraday / Futures % Options (Per Lot) (₹) Currency Futures Currency Options Commodity Futures
NEO Plan As per Existing Plan Intraday-₹20 per order, Futures- ₹0 per order ₹20 ₹20 per order ₹20 per order ₹20 per order

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