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ICICIDirect Vs HDFC Sky: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of ICICIDirect Max Rs. 20 per trade while the brokerage of HDFC Sky ranges between Rs 20. ICICIDirect is a Full Service Broker where HDFC Sky is a Discount Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for ICICIDirect is 18,69,925 where number of active customer for HDFC Sky is 10,88,561. ICICIDirect is serving more customer compare to HDFC Sky.

Here we present side-by-side comparison of ICICIDirect vs HDFC Sky share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared ICICIDirect vs HDFC Sky's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of ICICIDirect vs HDFC Sky share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared ICICIDirect vs HDFC Sky's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare ICICIDirect vs HDFC Sky on Service

  ICICIDirect Compare
ICICIDirect
HDFC Sky Compare
HDFC Sky
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE, MCX
Active Clients 18,69,925 10,88,561
Broker Overview ICICIDirect is one of the top-rated full-service stock brokers serving an active clientele base of above 30 lakh. Its multiple trading & investing products, Rs. 20 NEO flat discount brokerage plan, reliable research and advisory, and advanced tec... Know more about ICICIDirect HDFC Sky is the only bank-based discount stock broker in India. Free demat and trading account opening, Rs 20/order maximum brokerage charges across all segments, simple yet elegant user interface enabled HDFC Sky mobile app, and free research & advi...Know more about HDFC Sky
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare ICICIDirect vs HDFC Sky on Trading & Demat Account Opening Charges

Comparison of ICICIDirect with HDFC Sky on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - ICICIDirect charges Rs 300 per annum AMC for Demat account where HDFC Sky charges Rs 240 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect with HDFC Sky
Charges ICICIDirect HDFC Sky
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 300 per annum Rs 240 PA (Free for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs HDFC Sky on Plan Options

Plans are the most important feature you look when compare ICICIDirect with HDFC Sky. This section compare on high level about type of plans offered by brokers. Multiple Plans - ICICIDirect provide Multiple Plans where HDFC Sky doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare ICICIDirect with HDFC Sky on Plan Options
Plan Types ICICIDirect HDFC Sky
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare ICICIDirect vs HDFC Sky on Brokerage Charges

ICICIDirect Brokerage Plan detail - ICICI Direct NEO is a flat brokerage plan that charges a flat fee of Rs. 20 per order on equity intraday, equity options, currency, and commodity derivative trading segment while offers free equity futures trading.

HDFC Sky Brokerage Plan detail - HDFC Sky follows a fixed pricing model that charges a maximum of Rs 20 per order brokerage fee across segments.

Brokerage Charges - Compare ICICIDirect with HDFC Sky
Brokerage Charges Compare ICICIDirect HDFC Sky
Plan Name NEO Flat Discount Brokerage Plan Fixed pricing model
Equity Delivery 0.55% 0.1% or Rs 20 whichever is lower
Equity Intraday Flat Rs. 20 per order 0.1% or Rs 20 whichever is lower
Equity Futures Free (Rs. 0 brokerage) 0.1% or Rs 20 whichever is lower
Equity Options Flat Rs. 20 per order Flat Fee Rs 20
Currency Futures Flat Rs. 20 per order 0.1% or Rs 20 whichever is lower
Currency Options Flat Rs. 20 per order Flat Fee Rs 20
Commodity Trading Flat Rs. 20 per order Flat Fee Rs 20
Minimum Brokerage Rs 35 per trade NIL
Hidden Charges Yes No
Funding Yes - 18% interest PA Yes - 12% interest PA
Call & Trade Charges First 20 call free and Rs 25 there onwards. Rs 20 per call
Auto Square off Charges First 20 call free and Rs 25 there onwards. 0.1% or Rs 20 whichever is lower
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for HDFC Sky
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Share Broker's Transaction Charges

Compare ICICIDirect vs HDFC Sky on Transaction Charges

Compare ICICIDirect with HDFC Sky on transaction charges and PCM fee by segment.

Transaction Charges - Compare ICICIDirect with HDFC Sky
Transaction Charges Compare ICICIDirect HDFC Sky
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA NA
Brokerage Charges Complete Brokerage Plans for icicidirect Complete Brokerage Plans for hdfc-sky
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Account Features

Compare ICICIDirect vs HDFC Sky on Account Features

Compare ICICIDirect with HDFC Sky on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 3-in-1 account which includes bank, trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.

Account Features - ICICIDirect with HDFC Sky
Account Features Compare ICICIDirect HDFC Sky
3 in 1 Account Yes, ICICIDirect have 3-in-1 accounts. Bank Account, Demat and Trading account. Yes, ICICIDirect have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes
Algo Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity No Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare ICICIDirect vs HDFC Sky on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect and HDFC Sky. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare ICICIDirect with HDFC Sky
Trading Platform Compare ICICIDirect HDFC Sky
Desktop Trading Platform Trade Racer HDFC Sky
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes No
Desktop Platform (Mac) Yes No
Web Trading Platform Yes Yes
Web Trading Detail https://www.icicidirect.com https://hdfcsky.com/
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App ICICI direct Mobile HDFC Sky App
Mobile Trading App Demo ICICI direct Mobile Demo HDFC Sky App Demo
Android Mobile App Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod HDFC Sky App Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS ICICI direct Mobile Download iOS HDFC Sky App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for ICICIDirect Equity Intraday and Delivery Brokerage Calculator for HDFC Sky
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for HDFC Sky
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for HDFC Sky
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for hdfc-sky

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Broker Ratings by Users

Compare ICICIDirect vs HDFC Sky on User Rating

  ICICIDirect HDFC Sky
  267 Customer Reviews    Rate ICICIDirect 97 Customer Reviews    Rate HDFC Sky
Fees Ratings 2.4 2.4
Trading Brokerage Rating 1.8 2.1
Trading Platform Usability 3.3 2.9
Customer Service Ratings 2.9 2.8
Overall Ratings 2.5 2.4
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews
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Investment Offerings

Compare ICICIDirect vs HDFC Sky on Investment Offerings

Compare ICICIDirect with HDFC Sky on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - HDFC Sky offers trading options in Commodity (MCX) where ICICIDirect doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - ICICIDirect provide PMS Service where HDFC Sky doesn't offer

Investment Offerings - Compare ICICIDirect with HDFC Sky
Investment Offerings Compare ICICIDirect HDFC Sky
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No Yes
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking Yes Yes
Insurance Yes No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes Yes
PMS Service Yes No
Other Investment Options NIL NIL
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Order Types

Compare ICICIDirect vs HDFC Sky on Order Types

Order Type - Compare ICICIDirect with HDFC Sky on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - HDFC Sky provides Bracket Orders (BO) where ICICIDirect doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- ICICIDirect offers After Market Orders where HDFC Sky doesn't offers AMO. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare ICICIDirect with HDFC Sky
Order Type Compare ICICIDirect HDFC Sky
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order No Yes
AMO-After Market Orders Yes No
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare ICICIDirect vs HDFC Sky on Customer Service

Compare ICICIDirect with HDFC Sky on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare ICICIDirect with HDFC Sky
Customer Service Compare ICICIDirect HDFC Sky
24/7 Customer Service ICICIDirect vs HDFC Sky - 24x7 customer support No No
Email Support ICICIDirect vs HDFC Sky - Email Support Yes Yes
Onine Live Chat ICICIDirect vs HDFC Sky - Onine Live Chat No No
Phone Support ICICIDirect vs HDFC Sky - Phone Support Yes Yes
Toll Free Number ICICIDirect vs HDFC Sky - Toll Free Number No No
Through Branches ICICIDirect vs HDFC Sky - Through Branches Yes Yes
Customer Care Number ICICIDirect vs HDFC Sky - Customer Care Number 1860 123 1122 1800 121 2109
Account Opening Process ICICIDirect vs HDFC Sky - Account Opening Process Online Online
Customer Support Email ICICIDirect vs HDFC Sky - Customer Support Email [email protected] [email protected]
Knowledge Center/Education ICICIDirect vs HDFC Sky - Knowledge Center/Education https://www.icicidirect.com/knowledge-center https://hdfcsky.com/learn
Head Office Address ICICIDirect vs HDFC Sky - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai - 400020
LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042
Website ICICIDirect vs HDFC Sky - Company Website https://www.icicidirect.com https://hdfcsky.com/
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Tips/Research/Reports Published

Compare ICICIDirect vs HDFC Sky on Research Reports, Tips

Compare ICICIDirect with HDFC Sky on research reports and tips provided by the broker.

Research Reports - Compare ICICIDirect with HDFC Sky
  ICICIDirect HDFC Sky
Research Mutual Funds ICICIDirect vs HDFC Sky - Research Mutual Funds Yes Yes
Research Equity Reports ICICIDirect vs HDFC Sky - Research Equity Reports Yes Yes
Research ETF ICICIDirect vs HDFC Sky - Research ETF Yes Yes
Daily Market Report ICICIDirect vs HDFC Sky - Daily Market Report Yes Yes
Free Tips ICICIDirect vs HDFC Sky - Free Tips Yes Yes
Quarterly Result Analysis ICICIDirect vs HDFC Sky - Quarterly Results Yes Yes
News Alerts ICICIDirect vs HDFC Sky - Yes Yes
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Demat Account

Compare ICICIDirect vs HDFC Sky on Demat Account

Compare ICICIDirect with HDFC Sky on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for HDFC Sky is ₹750 pa where for ICICIDirect is ₹700 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for ICICIDirect is 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) where for HDFC Sky is 0.04% (Min ₹20) + CDSL charges.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare ICICIDirect with HDFC Sky
  ICICIDirect HDFC Sky
DP Source CDSL CDSL
DP ID ICICIDirect vs HDFC Sky - DP ID 14300 CDSL: 1209
Demat Account Annual Maintenance Charges(AMC) ₹700 pa ₹750 pa
Advance Deposit Rs. 7500/- , If the client is not having ICICI BANK Account Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/-
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) 0.04% (Min ₹20) + CDSL charges
Demat ₹50 per set up ₹5 per certificate + ₹35 request charges
Remat ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹30
Pledge Creation 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Creation Confirmation 0.02% (Min ₹35 and Max ₹25,000) 0.04% of transaction value (Min ₹40)
Pledge Closure 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Closure Confirmation 0.02% (Min ₹35 and Max ₹25,000) 0.04% of transaction value (Min ₹40)
Pledge Invocation 0.02% (Min ₹35 and Max ₹25,000) 0.04% of transaction value (Min ₹40)
Failed Instruction Charges ₹30 per transaction Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs HDFC Sky on Special Offers and Promotion

Compare ICICIDirect with HDFC Sky on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare ICICIDirect vs HDFC Sky on Special Offers and Promotion
  ICICIDirect HDFC Sky
Pay In and Pay Out Options ICICIDirect vs HDFC Sky - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from ICICI Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Pay-in/adding funds - Cheque, Online Bank Transfer from HDFC Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Payout Time ICICIDirect vs HDFC Sky - Payout Time Instant to ICICI Bank. Instant to HDFC Bank.
Bank Supported and Charges ICICIDirect vs HDFC Sky - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Direct from your ICICI bank account. Direct from your HDFC bank account.
Likes
  • 100% digital and paperless 3-in-1 account opening facility.
  • Trade on the BSE, NSE, MCX, and invest in other products.
  • Multiple brokerage plans for residents and NRI trading.
  • All kinds of trading platforms across web, app, and desktop versions.
  • Invest in mutual funds for free with ICICIdirect Money App.
  • Expert research calls and recommendations.
  • Sell stocks and get cash instantly with the e-ATM facility.
  • Advanced orders like bracket order, cover order, after market order, and basket order.
  • Place Valid Till Cancelled (VTC) order, valid for 45 days.
  • Informative articles, blogs, videos, learn hub, and Investonomics learning platform for beginners.
  • Margin funding
  • Loans on securities.
  • Dedicated customer services.

Detail Review...

Want to know why to trade with HDFC Sky, here are the promising reasons;

  • Instant paperless account opening
  • Zero account opening charges and no maintenance fee for 1st year
  • Invest in equity, F&O, currencies, and commodities
  • Invest in 2000+ mutual funds from 29+ fund houses
  • Lowest brokerage fee of Rs 20/order
  • Zero commission mutual fund investment.
  • Invest in expert-recommended mutual fund schemes.
  • Global market investment in US stocks and ETFs
  • Stacks: Expert-curated basket of US Stocks and ETFs
  • Trade on HDFC Sky app or web as per your convenience
  • Place advance orders like basket orders, bracket order, cover order, and GTT order.
  • Free research reports and daily trading calls or tips.
  • Learning platform for newbies to experts
  • No minimum balance commitments
  • No hidden charges

Detail Review...

Dislikes
  • High brokerage charges.
  • The broker levies a minimum brokerage fee, which varies across brokerage plans.
  • NEO flat discount brokerage plan (Rs. 20) charges a one-time subscription fee of Rs. 299.
  • Mutual fund investment with ICICIDirect is not free, as it charges a lower of Rs. 30 or 1.5% on SIP transaction and Rs. 100 fees on lumpsum investment.

Detail Review...

  • Delivery trading is not free while Zerodha offers free delivery trading
  • Desktop trading software is not available
  • Direct mutual funds are not offered.

Detail Review...

Special Offers/Promo Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-14T04:34:26+00:00