Compare 3 Brokers

ICICIDirect Vs Fyers: Which one is better?

The brokerage of ICICIDirect Max 0.05 to .55% per trade while the brokerage of Fyers ranges between Rs 20. ICICIDirect is a Full Service Broker where Fyers is a Discount Broker. Overall rating for both the brokers are equal with rating 4 out of 5.

Here we present side-by-side comparison of ICICIDirect vs Fyers 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 Fyers'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.

Compare ICICIDirect vs Fyers on Service

  ICICIDirect Compare
ICICIDirect
Fyers Compare
Fyers
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? BSE, NSE NSE
Broker Overview ICICI Direct, pioneering online trading platform of ICICI Securities, charges more than its competitors,but delivers with a fantastic platform and innovative offering and strong customer service. With these attributes, the company earns its No. 1 ove... Know more about ICICIDirect Fyers Securities is the fresh breeze in the online discount brokerage industry that differentiates themselves from others in line by taking one step ahead by introducing thematic investing, advisory and recommendation services for smart investment.
Broker Enquiry Open an Online Trading Account with ICICIDirect. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Fyers. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare ICICIDirect vs Fyers on Trading & Demat Account Opening Charges

In this section we have compared ICICIDirect with Fyers on trading & demat account opening charges and AMC. Trading account opening charges - Both brokers offers Free Trading account opening. Demat AMC charges - ICICIDirect charges Rs 600 PA (Waived for 1st year) AMC for Demat account where Fyers charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect with Fyers
Charges ICICIDirect Fyers
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 600 PA (Waived for 1st year) Rs 400 PA
Provide DP Service Yes No
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About Brokerage Plans

Compare ICICIDirect vs Fyers on Plan Options

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

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

Account Opening

  ICICIDirect Fyers
Account Opening Request
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Brokerage Charges

Compare ICICIDirect vs Fyers on Brokerage Charges

ICICIDirect Brokerage Plan detail - This is an ICICIDirect fixed brokerage plan irrespective of turnover volume best suited for casual traders.

Fyers Brokerage Plan detail - Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments.

Brokerage Charges - Compare ICICIDirect with Fyers
Brokerage Charges Compare ICICIDirect Fyers
Plan Name I-Secure Trading Plan (Percentage Based) Max Rs 20 Per Order Trading Plan
Equity Delivery 0.55% or 55 paisa Free
Equity Intraday 0.03% or 3 paisa 0.01% or Rs 20 whichever is lower
Equity Futures 0.05% or 5 paisa 0.01% or Rs 20 whichever is lower
Equity Options Rs 95 Per Lot Flat Fee Rs 20
Currency Futures 0.05% or 5 paisa 0.01% or Rs 20 whichever is lower
Currency Options Rs 25 Per Lot Flat Fee Rs 20
Commodity Trading NA NA
Minimum Brokerage Rs 35 per trade NIL
Hidden Charges Yes No
Funding Yes - 18% interest PA No
Call & Trade Charges First 20 call free and Rs 25 there onwards. Rs 20 Per Order
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for Fyers
SPAN Margin Calculator SPAN Margin Calculator for ICICIDirect SPAN Margin Calculator for Fyers
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Share Broker's Transaction Charges

Compare ICICIDirect vs Fyers on Transaction Charges

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

Transaction Charges - Compare ICICIDirect with Fyers
Transaction Charges Compare ICICIDirect Fyers
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 190 Per Cr Rs 240 Per Cr
Equity Options Rs 5000 Per Cr Rs 5900 Per Cr
Currency Futures Rs 100 Per Cr Rs 175 Per Cr
Currency Options Rs 4000 Per Cr Rs 6500 Per Cr
Commodity NA NA
Brokerage Charges Complete Brokerage Plans for icicidirect Complete Brokerage Plans for fyers
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Account Features

Compare ICICIDirect vs Fyers on Account Features

Compare ICICIDirect with Fyers on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - ICICIDirect offers 3-in-1 account where Fyers offers only 2-in-1 account which includes trading and demat account. Algo Trading - Fyers offers Algo Trading where ICICIDirect doesn't offers Algo Trading. Margin Funding - ICICIDirect offers margin funding where Fyers doesn't offers margin funding. NRI Trading - ICICIDirect offers NRI where Fyers doesn't offers NRI Trading.

Account Features - ICICIDirect with Fyers
Account Features Compare ICICIDirect Fyers
3 in 1 Account Yes, ICICIDirect have 3-in-1 accounts. Bank Account, Demat and Trading account. No ICICIDirect have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes No
Other Features NIL Free Call & trade
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Trading Platform

Compare ICICIDirect vs Fyers on Trading Platform

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

Trading Platform - Compare ICICIDirect with Fyers
Trading Platform Compare ICICIDirect Fyers
Desktop Trading Platform Trade Racer Fyers One
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) Yes No
Web Trading Platform Yes Yes
Web Trading Detail https://www.icicidirect.com http://webtrader.fyers.in/userMaster/login
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App ICICI direct Mobile Fyers Markets
Mobile Trading App Demo ICICI direct Mobile Demo Fyers Markets Demo
Android Mobile App Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod Fyers Markets Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS ICICI direct Mobile Download iOS Fyers Markets 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 Fyers
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for Fyers
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for Fyers
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for fyers

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Broker Ratings by Users

Compare ICICIDirect vs Fyers on User Rating

  ICICIDirect Fyers
  264 Customer Reviews    Rate ICICIDirect 5 Customer Reviews    Rate Fyers
Fees Ratings 2.4 3.4
Trading Brokerage Rating 1.8 3.8
Trading Platform Usability 3.3 4.2
Customer Service Ratings 2.8 4.0
Overall Ratings Rated 2.5 stars Rated 3.8 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 264 customer reviews Fyers is Rated 3.8 / 5 based on 5 customer reviews
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Investment Offerings

Compare ICICIDirect vs Fyers on Investment Offerings

Compare ICICIDirect with Fyers 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 brokers offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - both brokers don't offers Commodity Trading (MCX). Online Mutual Fund Investment - both brokers offers online mutual fund investment option. Portfolio Management Services (PMS) - ICICIDirect provide PMS Service where Fyers doesn't offer

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

Compare ICICIDirect vs Fyers on Order Types

Order Type - Compare ICICIDirect with Fyers on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle 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) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Fyers 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)- both offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders- both offers Good Till Cancelled (GTC) orders, which means you place buy or sell equity limit order and your order remains in system until it executed or reaches the specified numbers of days.

Order Types - Compare ICICIDirect with Fyers
Order Type Compare ICICIDirect Fyers
CNC Ordre Yes Yes
MIS Ordre Yes Yes
NRML Ordre Yes Yes
Cover Ordre Yes Yes
Bracket Ordre No Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Margin/Leverage

Compare ICICIDirect vs Fyers on Margin/Leverage

Comapre ICICIDirect with Fyers on Exposure/Margin offered by broker. We have compared Margin/Exposure in Equity Delivery, Intraday Products, Futures, Options, Equity Cover Orders, Futures & Options Cover Orders and Commodity Trading.

Exposure/margin - Compare ICICIDirect with Fyers
Margin Product Compare ICICIDirect Fyers
Equity Delivery Margin ICICIDirect vs Fyers - Equity Delivery Margin No Delivery margin. No Margin/Leverage for Equity delivery.
Equity Intraday Margin ICICIDirect vs Fyers - Equity Intraday Margin Upto 5x leverage for equity. Up to 16x leverage for equity.
Futures Margin ICICIDirect vs Fyers - Futures Margin Upto 2x leverage for futures. Up to 4x leverage for equity futures.
Options Margin ICICIDirect vs Fyers - Options Margin Upto 2x margin for Options shorting, No leverage for option buying. Up to 4x for options selling and 1.3x for options buying.
Equity CO Margin ICICIDirect vs Fyers - Equity CO Margin Upto 25x margin/leverage in CO order for selected equity scripts. Up to 20x leverage for equity cover order.
Futures CO Margin ICICIDirect vs Fyers - Futures CO Margin Upto 25x margin/leverage in CO order for Futures contracts. Up to 33x leverage for future cover order.
Options CO Margin ICICIDirect vs Fyers - Options CO Margin Upto 25x margin/leverage in CO order for options contracts sell only. Up to 33x leverage for options cover order.
Commodity Margin ICICIDirect vs Fyers - Commodity Margin Info Not Available Info Not Available
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Customer Service Offered

Compare ICICIDirect vs Fyers on Customer Service

Compare ICICIDirect with Fyers on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare ICICIDirect with Fyers
Customer Service Compare ICICIDirect Fyers
24/7 Customer Service ICICIDirect vs Fyers - 24x7 customer support No No
Email Support ICICIDirect vs Fyers - Email Support Yes Yes
Onine Live Chat ICICIDirect vs Fyers - Onine Live Chat No No
Phone Support ICICIDirect vs Fyers - Phone Support Yes Yes
Toll Free Number ICICIDirect vs Fyers - Toll Free Number No No
Through Branches ICICIDirect vs Fyers - Through Branches Yes No
Customer Care Number ICICIDirect vs Fyers - Customer Care Number 33551122 080 4625 1111
Account Opening Process ICICIDirect vs Fyers - Account Opening Process Offline Online/Paperless
Customer Support Email ICICIDirect vs Fyers - Customer Support Email [email protected] [email protected]
Knowledge Center/Education ICICIDirect vs Fyers - Knowledge Center/Education http://content.icicidirect.com/indexfaq.asp https://fyers.in/faqs/
Head Office Address ICICIDirect vs Fyers - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai 400020
Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore 560009
Website ICICIDirect vs Fyers - Company Website https://www.icicidirect.com https://fyers.in/
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Tips/Research/Reports Published

Compare ICICIDirect vs Fyers on Research Reports, Tips

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

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

Compare ICICIDirect vs Fyers on Demat Account

Compare ICICIDirect with Fyers on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare ICICIDirect with Fyers
  ICICIDirect Fyers
DP Source CDSL CDSL
DP ID ICICIDirect vs Fyers - DP ID 14300 Info Not Available
Demat Account Annual Maintenance Charges(AMC) Payable yearly in advance ? For Individual account : Rs. 500 p.a. For Corporate a/c : 1500 p.a. 400 - Individual, 500 - Non Individual
Advance Deposit Rs. 7500/- , If the client is not having ICICI BANK Account NIL
Statutory charges Stamp Duty at actuals NIL
Transaction Charges on Debit (Per ISIN) For Normal Mkt & Off Mkt sell (0.04% of trans value for each CID)(subj to Min Rs.30/-) For Debt instruments Mkt & Off Mkt sell (0.04% of trans value for each CID)(subj to Min Rs.30/- & Max Rs.500/-) Flat Rs 20 + 5.5 (CDSL charges)[On and Off Market Orders]
Demat Rs.50 /- Per Demat Request Form and Rs.10/- For Each Certificates 2 per certificate + Rs.35 courier charges
Remat Rs. 30 + CDSL actuals Rs 25
Pledge Creation 0.03 % or minimum of Rs. 50/- 0.05% of the transaction value subject to a minimum of Rs 50 and a maximum of Rs 250
Pledge Creation Confirmation 0.03 % or minimum of Rs. 50/- 0.05% of the transaction value subject to a minimum of Rs 50 and a maximum of Rs 250
Pledge Closure 0.03 % or minimum of Rs. 50/- 0.05% of the transaction value subject to a minimum of Rs 50 and a maximum of Rs 250
Pledge Closure Confirmation 0.03 % or minimum of Rs. 50/- 0.05% of the transaction value subject to a minimum of Rs 50 and a maximum of Rs 250
Pledge Invocation 0.03 % or minimum of Rs. 50/- 0.02% of the transaction value subject to a minimum of Rs 50 + depository charges at actually
Failed Instruction Charges Rejection/Fails Rs.30/- Rs 30 per transaction
Other Charges a) Mailing charges for non periodic statements and other communication , Rs. 50 for inland and Rs. 500.0 for foreign address . b) Rs. 200/- for restoring services if account is suspended for non payment of charges. Cheque Bounce- Rs. 350/- Physical Statement - Rs. 50/- (Courier charges) Modification in CML - Rs. 50/- per request

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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs Fyers on Special Offers and Promotion

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

Compare ICICIDirect vs Fyers on Special Offers and Promotion
  ICICIDirect Fyers
Pay In and Pay Out Options ICICIDirect vs Fyers - 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 via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Fyers Mobile, Fyers One and Fyers Web.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time ICICIDirect vs Fyers - Payout Time Instance to ICICI Bank. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges ICICIDirect vs Fyers - Bank Supported and Charges Info Not Available 21+ bank connected via payment gatway, Rs 10 fee for per transaction.
Bank Detail Direct from your ICICI bank account. Fyers Securities,
Account Number:00090340002376
Bank and Branch: HDFC Bank,Kasturba Road, Bangalore
Account Type: Current Account
IFSC Code: HDFC0000009
Likes
  • 3-in-1 online trading account.
  • Rich research offering.
  • 24/7 customer service.
  • Easy-to-use website.
  • Innovative offerings like - Margin, MarginPlus, BTST, SPOT.
  • Derivatives trading,NRI services, mutual funds, IPOs and on-line life insurance.

Detail Review...

  1. Investment in mutual funds and advice on investment.
  2. Fyers trading and demat account opening is free and no minimum balance is required to open the account.
  3. In house and unique portfolio investment for new entrants in market called thematic investing at Rs 100 per theme.
  4. Detail Review...

Dislikes
  • Minimum brokerage charges.
  • No commodity trading.
  • High brokerage.
  • Not a good fit for small and penny stock traders.
  • Charges for trading terminal usage.

Detail Review...

  1. Trading can be done on NSE only.
  2. No own DP service,they have tie-up with IL&FS for demat services.
  3. Automated trading, bracket and cover orders are not available.
  4. DP charges on selling is higher compared to other discount brokers.

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. Get FREE Trading for Limited Time + FREE Equity Delivery Trades (No Brokerage) + Rs 20 Max Trade in all other segments.
Enquiry Enquire about ICICIDirect Enquire about Fyers

Last Updated on 2019-07-08T23:24:28+00:00







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