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ICICIDirect Vs Zerodha: 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 Zerodha ranges between Rs 20. ICICIDirect is a Full Service Broker where Zerodha is a Discount Broker. ICICIDirect is having overall lower rating compare to Zerodha. ICICIDirect is rated only 4 out of 5 where Zerodha is rated 4.5 out of 5. Number of active customer for Zerodha is 72,23,525 where number of active customer for ICICIDirect is 18,69,925. Zerodha is serving more customer compare to ICICIDirect.

Here we present side-by-side comparison of ICICIDirect vs Zerodha 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 Zerodha'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 Zerodha 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 Zerodha'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 Zerodha on Service

  ICICIDirect Compare
ICICIDirect
Zerodha Compare
Zerodha
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 72,23,525
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 Zerodha is India's number 1 discount broker offering free equity and mutual fund investment, Rs 20 flat brokerage trading, and user-friendly Kite trading platform.
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare ICICIDirect vs Zerodha on Trading & Demat Account Opening Charges

Comparison of ICICIDirect with Zerodha on trading & demat account opening charges and AMC. Trading account opening charges - ICICIDirect offer Free account opening where Zerodha charges Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) for account opening. Demat AMC charges - ICICIDirect charges Rs 300 per annum AMC for Demat account where Zerodha charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect with Zerodha
Charges ICICIDirect Zerodha
Trading Account Opening Fees Free Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com)
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 300 per annum Rs 300 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs Zerodha on Plan Options

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

Compare ICICIDirect with Zerodha on Plan Options
Plan Types ICICIDirect Zerodha
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 Zerodha 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.

Zerodha Brokerage Plan detail - Zerodha charges Rs 20 or .03%, whichever is lower, for equity Intraday, F&O, commodity and currency on NSE, BSE and MCX. No upfront brokerage or turnover commitments on your trade. Rs 20 is the maximum brokerage you need to pay per executable order. Zero brokerage on equity delivery trading.

Brokerage Charges - Compare ICICIDirect with Zerodha
Brokerage Charges Compare ICICIDirect Zerodha
Plan Name NEO Flat Discount Brokerage Plan Max Rs 20 per order Trading Plan
Equity Delivery 0.55% Free
Equity Intraday Flat Rs. 20 per order 0.03% or Rs 20 whichever is lower
Equity Futures Free (Rs. 0 brokerage) 0.03% or Rs 20 whichever is lower
Equity Options Flat Rs. 20 per order Flat Fee Rs 20
Currency Futures Flat Rs. 20 per order 0.03% 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 Info Not Available
Call & Trade Charges First 20 call free and Rs 25 there onwards. Rs 50 Per Executable Order
Auto Square off Charges First 20 call free and Rs 25 there onwards. Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for Zerodha
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Share Broker's Transaction Charges

Compare ICICIDirect vs Zerodha on Transaction Charges

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

Transaction Charges - Compare ICICIDirect with Zerodha
Transaction Charges Compare ICICIDirect Zerodha
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 Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for icicidirect Complete Brokerage Plans for zerodha
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Account Features

Compare ICICIDirect vs Zerodha on Account Features

Compare ICICIDirect with Zerodha 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 - Zerodha offers Algo Trading where ICICIDirect doesn't offers Algo Trading. Margin Funding - ICICIDirect offers a margin funding where Zerodha doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - ICICIDirect with Zerodha
Account Features Compare ICICIDirect Zerodha
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 Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity No Yes
Intraday Square-off Time 3:15PM 3:10 PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare ICICIDirect vs Zerodha on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect and Zerodha. 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 Zerodha
Trading Platform Compare ICICIDirect Zerodha
Desktop Trading Platform Trade Racer Kite By Zerodha
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes No
Desktop Platform (Mac) Yes No
Web Trading Platform Yes Yes
Web Trading Detail https://www.icicidirect.com
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App ICICI direct Mobile Zerodha Kite
Mobile Trading App Demo ICICI direct Mobile Demo Zerodha Kite Demo
Android Mobile App Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod Zerodha Kite Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS ICICI direct Mobile Download iOS Zerodha Kite 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 Zerodha
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for Zerodha
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for Zerodha
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for zerodha

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Broker Ratings by Users

Compare ICICIDirect vs Zerodha on User Rating

  ICICIDirect Zerodha
  267 Customer Reviews    Rate ICICIDirect 160 Customer Reviews    Rate Zerodha
Fees Ratings 2.4 4.0
Trading Brokerage Rating 1.8 4.4
Trading Platform Usability 3.3 3.7
Customer Service Ratings 2.9 3.8
Overall Ratings 2.5 3.9
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews Zerodha is Rated 3.9 / 5 based on 160 customer reviews
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Investment Offerings

Compare ICICIDirect vs Zerodha on Investment Offerings

Compare ICICIDirect with Zerodha 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 - Zerodha 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 Zerodha doesn't offer

Investment Offerings - Compare ICICIDirect with Zerodha
Investment Offerings Compare ICICIDirect Zerodha
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 No
Insurance Yes No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes No
PMS Service Yes No
Other Investment Options NIL NIL
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Order Types

Compare ICICIDirect vs Zerodha on Order Types

Order Type - Compare ICICIDirect with Zerodha 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) - Both broker don't have Bracket Orders (BO).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)- both offers AMO facilities. The orders are sent to exchange on the next trading day. 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 Zerodha
Order Type Compare ICICIDirect Zerodha
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order No No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare ICICIDirect vs Zerodha on Customer Service

Compare ICICIDirect with Zerodha 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 Zerodha
Customer Service Compare ICICIDirect Zerodha
24/7 Customer Service ICICIDirect vs Zerodha - 24x7 customer support No No
Email Support ICICIDirect vs Zerodha - Email Support Yes Yes
Onine Live Chat ICICIDirect vs Zerodha - Onine Live Chat No No
Phone Support ICICIDirect vs Zerodha - Phone Support Yes Yes
Toll Free Number ICICIDirect vs Zerodha - Toll Free Number No No
Through Branches ICICIDirect vs Zerodha - Through Branches Yes Yes
Customer Care Number ICICIDirect vs Zerodha - Customer Care Number 1860 123 1122 "+ 91 80 4040 2020"
Account Opening Process ICICIDirect vs Zerodha - Account Opening Process Online Online/Paperless
Customer Support Email ICICIDirect vs Zerodha - Customer Support Email [email protected] [email protected]
Knowledge Center/Education ICICIDirect vs Zerodha - Knowledge Center/Education https://www.icicidirect.com/knowledge-center https://zerodha.com/varsity/
Head Office Address ICICIDirect vs Zerodha - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai - 400020
Zerodha Headquater
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore - 560078
Website ICICIDirect vs Zerodha - Company Website https://www.icicidirect.com https://zerodha.com/
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Tips/Research/Reports Published

Compare ICICIDirect vs Zerodha on Research Reports, Tips

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

Research Reports - Compare ICICIDirect with Zerodha
  ICICIDirect Zerodha
Research Mutual Funds ICICIDirect vs Zerodha - Research Mutual Funds Yes No
Research Equity Reports ICICIDirect vs Zerodha - Research Equity Reports Yes No
Research ETF ICICIDirect vs Zerodha - Research ETF Yes No
Daily Market Report ICICIDirect vs Zerodha - Daily Market Report Yes No
Free Tips ICICIDirect vs Zerodha - Free Tips Yes No
Quarterly Result Analysis ICICIDirect vs Zerodha - Quarterly Results Yes No
News Alerts ICICIDirect vs Zerodha - Yes No
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Demat Account

Compare ICICIDirect vs Zerodha on Demat Account

Compare ICICIDirect with Zerodha 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 Zerodha is ₹300 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 Zerodha is ₹8 + ₹5.50 (CDSL Charges) per transaction.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 Zerodha
  ICICIDirect Zerodha
DP Source CDSL CDSL
DP ID ICICIDirect vs Zerodha - DP ID 14300 81600
Demat Account Annual Maintenance Charges(AMC) ₹700 pa ₹300 pa
Advance Deposit Rs. 7500/- , If the client is not having ICICI BANK Account Nil
Statutory charges Nil ₹50
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) ₹8 + ₹5.50 (CDSL Charges) per transaction
Demat ₹50 per set up ₹150 per certificate + ₹100 courier charges
Remat ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹150 per certificate + ₹100 courier charges + CDSL Charges
Pledge Creation 0.02% (Min ₹35 and Max ₹25,000) ₹20 + ₹12 CSDL charges
Pledge Creation Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Closure 0.02% (Min ₹35 and Max ₹25,000) ₹20 + ₹12 CSDL charges
Pledge Closure Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Invocation 0.02% (Min ₹35 and Max ₹25,000) ₹20
Failed Instruction Charges ₹30 per transaction ₹50 per instraction
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs Zerodha on Special Offers and Promotion

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

Compare ICICIDirect vs Zerodha on Special Offers and Promotion
  ICICIDirect Zerodha
Pay In and Pay Out Options ICICIDirect vs Zerodha - 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, UPI, Online Bank Transfer via IMPS, NEFT or RTGS, Netbanking from Kite
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time ICICIDirect vs Zerodha - Payout Time Instant to ICICI Bank. Max 24 hrs except for bank holidays
Bank Supported and Charges ICICIDirect vs Zerodha - Bank Supported and Charges Info Not Available Around 25 banks allow instant credit facility with charges of Rs 9 from zerodha trading platform (kite/PI).
Bank Detail Direct from your ICICI bank account. HDFC Bank
Account#ZERNSE
Branch: Sandoz Branch, Mumbai
IFSC Code:HDFC0000240
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...

You will enjoy many benefits or advantages while trading with Zerodha;

  • Rs 0 brokerage on investment in stocks
  • Flat Rs 20 intraday and F&O trades
  • Invest in direct mutual funds for free
  • Instant and paperless account opening and closure
  • Mainboard and SME IPO Apply via UPI
  • Modern platforms and apps for free of cost
  • Varsity, a free stock market learning platform
  • No upfront fee required
  • Advance orders; Basket order, Cover order (CO), After market order, GTT, etc.
  • Zero-level Debt Company.

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...

  • Does not offer Lifetime free AMC account
  • No intraday tips, equity research and advisory
  • No unlimited zero brokerage plan for intraday traders
  • No 3-in-1 account
  • Bracket order is not offered by Zerodha
  • No Installable trading terminal
  • Zerodha has a separate platform for every investment product i.e., Kite for stocks, coin for mutual fund, Golden Pi for bonds, etc.
  • Software glitches in Kite happens at certain times.

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. Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

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