ICICI Direct Neo-Zero Brokerage Plan

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On 14th December 2020, ICICI Securities (I-Sec), India’s one of the leading full-service brokerage house has come with a new revolutionary plan called “ICICI Direct Neo – Zero brokerage plan” for its clientele base. The plan offers Zero brokerage trading in futures and Rs. 20 per order brokerage for trading in other segments such as options, currency futures & options, equity intraday, and commodity futures & options. Scroll down the page further to get the complete details about the newly launched ICICI Direct NEO – Zero Brokerage pricing plans such as plan benefits, subscription fee, brokerage charges across segments, and more.

ICICI Direct Neo Plan - Zero Brokerage Plan

Segment Brokerage charges
Futures Trading Free or zero brokerage
Options Trading Flat brokerage - Rs. 20 per order
Equity intraday trading Rs. 20 per order
Currency Futures & options Rs. 20 per order
Commodity Futures & options Rs. 20 per order

ICICI Direct Neo – Zero Brokerage Plan Subscription Fee

    The plan is available to subscribe at a nominal one-time subscription fee of Rs. 299 + 18% GST. Thus, to avail of the plan benefits, traders can subscribe to the ICICI Direct Neo Plan at just Rs. 299.

ICICI Direct Neo - Zero Brokerage Plan Benefits

  • Zero brokerage on trading in futures.
  • Trade at a flat fee of Rs. 20 per order on margin trading, options trading, currency trading, and commodity trading.
  • Instant liquidity to get cash within 30 minutes of stocks selling.
  • Get free access to ICICI Direct’s award-winning research for 300+ companies.
  • One-click portfolio access to get research curated theme-based stocks and mutual funds.
  • Margin Trading Funding (MTF) at an interest rate of 8.9% per annum.
  • Avail margin funding at 0.025% per day.
  • Access to proprietary and third-party trading tools.

ICICI Direct Neo - Zero Brokerage Plan Cons

  • Call & trade charges of Rs. 50 per order will be still applicable.
  • Minimum brokerage charges on intraday equity for transactions up to Rs. 40,000 is 0.05% or Rs. 20, whichever is lower.
  • A one-time subscription fee of Rs. 299 + GST will be applicable.

Last updated on 15th Dec 2020

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FAQs

  1. 1. What is ICICI Direct Neo Plan?

    ICICI Direct Neo is a Zero brokerage pricing plan launched by ICICI Securities to offer free futures trading at nil brokerage fee. Any ICICI Securities customer can subscribe to the plan at a subscription fee of Rs. 299 + GST.

     

     

  2. 2. How to subscribe ICICI Direct Securities Neo plan?

    Subscribing ICICI Direct Securities Neo Plan is a few-step process. Here are the details:

    1. Login to your ICICIdirect.com account.
    2. Go to “settings” and click on the “ICICI Direct Neo”.
    3. Now, you can subscribe to the I-sec Neo pricing plan.

     

     

  3. 3. What is the minimum brokerage on ICICI Direct Neo Plan?

    The minimum brokerage charges for trading in the equity intraday segment for a transaction limit up to Rs. 40,000 will be 0.05% of the transaction value, or Rs. 20 per order, whichever is lower.

     

     

  4. 4. Is ICICI Direct Neo plan free to subscribe?

    No, the ICICI Direct Securities Neo or Zero brokerage plan is not available for free to subscribe. The full-service brokerage firm charges a one-time subscription fee of Rs. 299 + GST from customers.

     

     

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  2020-12-15T02:58:41+00:00






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