ICICI Direct Brokerage

ICICIdirect is an online trading and investment platform of ICICI Securities, and is one the largest stock broker firm in India with offices in almost all the cities in India. They provide a wide range of investment options to the retail and institutional customers using their vast network of ICICI Bank and ICICI direct branches. ICICI Securities (I-Sec) is the largest brokerage house in India with more than 25 lakh customers.

ICICI Direct 3-in-1 account

ICICI provide 3-in-1 account, which includes ICICI Bank Account, ICICI Direct Trading Account and ICICI Demat Account, with a very easy interface to trade in Indian stock market. So if you already have an ICICI bank account, opening ICICI trading account makes perfect sense. This also makes sure that you will get seamless integration between the entire platform and transfer of money will be instantaneous. Most of the other broker like Angel broking and Sharekhan takes some time to transfer money which you will not face with ICICI. Also you can be sure of the quality of service from them as ICICI bank stand behind the brand.

To open account, please provide your details below

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ICICI Direct trading platforms

ICICI Direct provides two trading platform to its customer. One is the basic web based platform which is very easy to use and intuitive. So if you are just starting to trade in market, it should be the one you should start with. You can see below the simple interface provided to make trading easier for someone just starting.

ICICI web interface

The other platform is trade racer program which provides customers with Live streaming quotes & Research Calls, integrated fund transfer system along with multiple watch list facility. You can also do technical analysis with the help advance charting tools. This is a good tool for trader and someone who understands technical analysis and wants to be in more control of the trade they are doing. This is a .exe program which you will need to install on your PC.

ICICI trader

 

ICICI trader chartICICIDirect trading Account opening Charges

  • Trading Account Opening Charges (One Time): Rs. 975, can be reduced to ZERO depending on the account opening margin check.
  • Trading Annual maintenance charges (AMC): Rs 0

ICICDirect Demat account charges

  • Demat Account Opening Charges (One Time): Rs. 100 (for Agreement Stamp Paper)
  • Demat Account Annual Maintenance Charges (AMC): Rs. 500 (Rs 0/- for 1st year with 3 in 1 Account)

In case you are not sure of the difference between Demat and trading account, read our article on the same.

ICICI demat account opening

Documents required for account opening are PAN card copy, Address proof, 2 photographs and an income proof in case you want to trade in F&O and intraday. Once you provide your info below, ICICI direct executive will call you and explain the account opening process in details. In case you are already a customer with ICICI bank, account opening would be even simpler.
To open account, please provide your details below

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ICICIDirect Brokerage Charges 2016

  • Trading Account Opening Charges (One Time): Rs. 975
  • Trading Annual maintenance charges (AMC): Rs 0
  • Demat Account Opening Charges (One Time): Rs. 100 (for Agreement Stamp Paper)
  • Demat Account Annual Maintenance Charges (AMC): Rs. 500 (Rs 0/- for 1st year with 3 in 1 Account)

ICICI offers 2 types of brokerage plans to its customer:

  1. I-Secure Plan (Flat brokerage Plan)This plan offers Flat Brokerage (in %) irrespective of turnover value. This plan is suitable for traders / investors looking at secured and fixed brokerage.
  2. I-Saver Plan (Variable brokerage plan)This plan offers brokerage based on the trading volume i.e. high brokerage for low volume and low brokerage for high volume trades. This plan suitable for traders / investors who trade in high volumes and can benefit from low brokerage.

ICICIDirect Brokerage in Cash

I – Saver Plan I – Secure Plan
Total Eligible Turnover (Per calendar Quarter) Brokerage (%) Effective Brokerage on Intraday Squareoff Total Eligible Turnover (Per calendar Quarter) Brokerage (%) Effective Brokerage on Intraday Squareoff
Above Rs. 5 Crores 0.25 0.125% Irrespective of turnover 0.55 0.275%
Rs.2 Crores to 5 Crores 0.30 0.150%
Rs.1 Crores to 2 Crores 0.35 0.175%
Rs.50 Lakhs to 1 Crores 0.45 0.225%
Rs.25 Lakhs to 50 Lakhs 0.55 0.275%
Rs.10 Lakhs to 25 Lakhs 0.70 0.350%
Less than Rs.10 Lakhs 0.75 0.375%

ICICIDirect Brokerage in Future & Future Plus

I – Saver Plan / I – Secure Plan
For Equity/Currency Futures Equity Future and Future Plus Currency Futures
Total Eligible Turnover per month Brokerage (%) Brokerage on Second leg of Intraday square off (per lot) Brokerage on Second leg of Intraday square off (per lot)
Above Rs. 20 Crores 0.030 Rs.15/- Rs.10/-
Rs.10 Crores to 20 Crores 0.035 Rs.15/- Rs.10/-
Rs.5 Crores to 10 Crores 0.040 Rs.15/- Rs.10/-
Less than Rs.5 Crores 0.050 Rs.15/- Rs.10/-

ICICI Brokerage in Margin & Margin Plus

I – Saver Plan / I – Secure Plan
Total Eligible Turnover per month Brokerage (%)
Above Rs. 20 Crores 0.030
Rs.10 Crores to 20 Crores 0.035
Rs.5 Crores to 10 Crores 0.040
Less than Rs.5 Crores 0.050

ICICI Direct Brokerage in Options

I – Saver Plan / I – Secure Plan
Brokerage in Options Total Eligible Lots per month Flat brokerage per contract lot (Rs.) Brokerage on Second leg of Intraday square off (per lot)
Above 600 65/- Rs.15/-
301-600 70/- Rs.15/-
151-300 75/- Rs.15/-
61-150 85/- Rs.15/-
0-60 95/- Rs.15/-
Apart from the brokerage, these following charges are also applied on the trades.
Service Tax (ST), Securities Transaction Tax (STT), SEBI turnover charges ,Transaction Charges(inclusive of Service tax) and Stamp duty will be charged in addition to brokerage as follows:
  • Service Tax (ST)will be charged at 12.36% on total value of brokerage.
  • Securities Transaction Tax (STT) at 0.017% on Option premium in case of Sell Trades and 0.125% on settlement value where Option contracts are exercised.
  • SEBI turnover charges at 0.0001% on Premium and Notional value for Exercise/Assignment.

ICICI Direct Commodity trading

ICICI direct is only one of the few brokers who don’t provide trading in commodity. So if you are interested in trading in commodity, you have to open account with some other broker. You can find the list of best commodity brokers in India here.

Special services provided

Some of the major special service provided by ICICI is

1)   Valid till cancel order (VTC): Suppose you want to purchase Reliance at Rs 900 and right now it is trading at Rs 950. Using VTC order, you can put your price at Rs 900 and order valid date for upto 90 days in future. So whenever the price reaches Rs 900 in next 90 days, your order will be processed. The good thing with this type of order is that you don’t need to login everyday to place the order. VTC can also be used to sell stock which you are holding at the specific price you want.

2)   T+90 days : With this feature, you can take positions with margins* as low as 11% and get time to bring in funds by T+90 days, alternatively you can square off your position on or before T+90 days. You may also put to use your existing stocks as margin and create limits to invest and trade in Margin Client mode. There would be a nominal charge of 0.065% per day for the margin which you are using. Most of the broker provide this service but for only T+ 5 days. This is great for you if you want to purchase 100,000 lakh worth of stock with only Rs 10,000. And as you can hold it for upto 90 days, you can wait until your trade is profitable.

3)   In case you open account with them, you will receive advisory service free of cost and in case you are away from your computer, they also offer call-n-trade service.

Now that you know about ICICI direct brokerage charges and think that this is a good fit for you, please provide your contact details below and ICICIdirect executive will call you soon.

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Comments

  1. Rajkumar says:

    How can I check & change my brockrage plan

  2. pawan jain says:

    I want to know about low brokage in Icici direct trading

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