ICICIdirect is an online trading and investment platform of ICICI Securities, and is 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 there vast network of ICICI Bank branches. ICICI Securities (I-Sec) is the largest brokerage house in India with more than 25 lakh customers. ICICIDirect.com is there flagship website which provide browser based equity, commodity and currency trading; all under one login.

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.

ICICI Direct provides two trading platform to its customer. One is the basic web based platform which is very easy to use and intuitive. 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 understand technical analysis.

ICICIDirect Brokerage Charges 2013

  • Trading Account Opening Charges (One Time): Rs. 975
  • Trading Annual maintenance charges (AMC): Rs 0
  • latest brokerage information on ICICIDirect website.
  • 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.