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ICICIDirect Vs HDFC Securities: 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 ranges between Rs. 20 while the brokerage of HDFC Securities ranges between .05 to .5%. Both the brokers are Full Service brokers. Overall rating for both the brokers are also equal with rating 4 out of 5. Number of active customer for ICICIDirect is 29,08,417 where number of active customer for HDFC Securities is 11,63,260. ICICIDirect is serving more customer compare to HDFC Securities.

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

  ICICIDirect Compare
ICICIDirect
HDFC Securities Compare
HDFC Securities
Overall Rating Rated 4 stars Rated 4 stars
Brokerage Charges Rated 2.5 stars Rated 3 stars
Trading Platform Rated 4.5 stars Rated 4.5 stars
Investments Offering Rated 5 stars Rated 4.5 stars
Customer Service Rated 4 stars Rated 3.5 stars
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE, MCX
Active Clients 29,08,417 11,63,260
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 With over 2 decades of experience, exceptionally great 24/7 customer services, and world-class research & advisory, HDFC Securities has topped the list of the best full-service brokers in India serving above 10 lakh customers. It is a one-stop sh...Know more about HDFC Securities
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Account Opening Charges and AMC

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

Comparison of ICICIDirect with HDFC Securities on trading & demat account opening charges and AMC. Trading account opening charges - ICICIDirect offer Free account opening where HDFC Securities charges Rs 999 for account opening. Demat AMC charges - ICICIDirect charges Rs 300 per annum AMC for Demat account where HDFC Securities charges Rs 750 PA (Waived for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect with HDFC Securities
Charges ICICIDirect HDFC Securities
Trading Account Opening Fees Free Rs 999
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 300 per annum Rs 750 PA (Waived for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs HDFC Securities on Plan Options

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

Compare ICICIDirect with HDFC Securities on Plan Options
Plan Types ICICIDirect HDFC Securities
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
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Brokerage Charges

Compare ICICIDirect vs HDFC Securities 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 Securities Brokerage Plan detail - HDFC Securities have a fixed percentage base brokerage plan, where Minimum brokerage is fixed at Rs 25 Per Order. They are second best in Currency derivatives plan. Equity Intraday & Option prices are on a higher range and Equity Delivery & Future trading is on average brokerage level compared to other full-service brokers.

Brokerage Charges - Compare ICICIDirect with HDFC Securities
Brokerage Charges Compare ICICIDirect HDFC Securities
Plan Name NEO Flat Discount Brokerage Plan Percentage based brokerage plan
Equity Delivery 0.55% 0.50%
Equity Intraday Flat Rs. 20 per order 0.05%
Equity Futures Free (Rs. 0 brokerage) 0.05%
Equity Options Flat Rs. 20 per order Higher of 0.1% of Premium or Rs 100 per lot
Currency Futures Flat Rs. 20 per order Rs 23 per lot
Currency Options Flat Rs. 20 per order Rs 20 per lot
Commodity Trading Flat Rs. 20 per order Rs. 20 per order, Options: Rs. 100 per lot
Minimum Brokerage Rs 35 per trade Rs 25
Hidden Charges Yes Yes
Funding Yes - 18% interest PA Yes - 18% interest PA
Call & Trade Charges First 20 call free and Rs 25 there onwards. Free
Auto Square off Charges First 20 call free and Rs 25 there onwards. Free
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for HDFC Securities
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Share Broker's Transaction Charges

Compare ICICIDirect vs HDFC Securities on Transaction Charges

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

Transaction Charges - Compare ICICIDirect with HDFC Securities
Transaction Charges Compare ICICIDirect HDFC Securities
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 190 Per Cr
Equity Options Rs 5000 Per Cr Rs 5000 Per Cr
Currency Futures Rs 100 Per Cr Rs 110 Per Cr
Currency Options Rs 4000 Per Cr Rs 4000 Per Cr
Commodity NA NA
Brokerage Charges Complete Brokerage Plans for icicidirect Complete Brokerage Plans for hdfc-securities
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Account Features

Compare ICICIDirect vs HDFC Securities on Account Features

Compare ICICIDirect with HDFC Securities 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 - ICICIDirect offers a margin funding where HDFC Securities doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - ICICIDirect with HDFC Securities
Account Features Compare ICICIDirect HDFC Securities
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 No
Combined Ledger for Equity and Commodity No No
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 Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect and HDFC Securities. 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 Securities
Trading Platform Compare ICICIDirect HDFC Securities
Desktop Trading Platform Trade Racer ProTerminal
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 https://trade.hdfcsec.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 securities Mobile
Mobile Trading App Demo ICICI direct Mobile Demo HDFC securities Mobile Demo
Android Mobile App Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod HDFC securities Mobile Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS ICICI direct Mobile Download iOS HDFC securities Mobile Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Free Proterminal - Rs. 2500 (Offer price: Rs. 1500)
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for ICICIDirect Equity Intraday and Delivery Brokerage Calculator for HDFC Securities
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for HDFC Securities
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for HDFC Securities
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for hdfc-securities

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Broker Ratings by Users

Compare ICICIDirect vs HDFC Securities on User Rating

  ICICIDirect HDFC Securities
  266 Customer Reviews    Rate ICICIDirect 96 Customer Reviews    Rate HDFC Securities
Fees Ratings 2.4 2.4
Trading Brokerage Rating 1.8 2.1
Trading Platform Usability 3.3 3.0
Customer Service Ratings 2.8 2.8
Overall Ratings Rated 2.5 stars Rated 2.4 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 266 customer reviews HDFC Securities is Rated 2.4 / 5 based on 96 customer reviews
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Investment Offerings

Compare ICICIDirect vs HDFC Securities on Investment Offerings

Compare ICICIDirect with HDFC Securities 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 Securities 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 Securities doesn't offer

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

Compare ICICIDirect vs HDFC Securities on Order Types

Order Type - Compare ICICIDirect with HDFC Securities 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)- ICICIDirect offers After Market Orders where HDFC Securities 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 Securities
Order Type Compare ICICIDirect HDFC Securities
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 No
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare ICICIDirect vs HDFC Securities on Customer Service

Compare ICICIDirect with HDFC Securities 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 Securities
Customer Service Compare ICICIDirect HDFC Securities
24/7 Customer Service ICICIDirect vs HDFC Securities - 24x7 customer support No No
Email Support ICICIDirect vs HDFC Securities - Email Support Yes Yes
Onine Live Chat ICICIDirect vs HDFC Securities - Onine Live Chat No Yes
Phone Support ICICIDirect vs HDFC Securities - Phone Support Yes Yes
Toll Free Number ICICIDirect vs HDFC Securities - Toll Free Number No No
Through Branches ICICIDirect vs HDFC Securities - Through Branches Yes Yes
Customer Care Number ICICIDirect vs HDFC Securities - Customer Care Number 1860 123 1122 022-39019400
Account Opening Process ICICIDirect vs HDFC Securities - Account Opening Process Online Offline
Customer Support Email ICICIDirect vs HDFC Securities - Customer Support Email [email protected] [email protected], customer
Knowledge Center/Education ICICIDirect vs HDFC Securities - Knowledge Center/Education https://www.icicidirect.com/knowledge-center https://www.hdfcsec.com/products/demolisting/
Head Office Address ICICIDirect vs HDFC Securities - 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 Securities - Company Website https://www.icicidirect.com https://www.hdfcsec.com/
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Tips/Research/Reports Published

Compare ICICIDirect vs HDFC Securities on Research Reports, Tips

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

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

Compare ICICIDirect vs HDFC Securities on Demat Account

Compare ICICIDirect with HDFC Securities 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 Securities 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 Securities 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 Securities
  ICICIDirect HDFC Securities
DP Source CDSL CDSL
DP ID ICICIDirect vs HDFC Securities - DP ID 14300 12400
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 Securities on Special Offers and Promotion

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

Compare ICICIDirect vs HDFC Securities on Special Offers and Promotion
  ICICIDirect HDFC Securities
Pay In and Pay Out Options ICICIDirect vs HDFC Securities - 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 Securities - Payout Time Instant to ICICI Bank. Instant to HDFC Bank.
Bank Supported and Charges ICICIDirect vs HDFC Securities - 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...

  • Invest across all types of asset classes on BSE, NSE, and MCX.
  • Free web and mobile app-based trading platforms.
  • Ultra-speed and feature-rich ProTerminal platform.
  • Brokerage-free mutual fund investment.
  • Voice-enabled investing with Arya Intelligent Chatbot.
  • Advanced portfolio tracking.
  • Quick payout upto Rs. 5 Lac with Encash facility.
  • Free call & trade
  • Apply for IPOs online in just 3 clicks.
  • Start StockSIP.
  • Invest in shares of US-based companies.
  • Smallcase, a thematic investing platform.
  • Get access to HDFC research for
  • Place advance orders like bracket order, cover order, and Good Till Date (GTD) order.
  • Margin trading facility.

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...

  • Minimum brokerage fee of Rs. 25 per trade, subject to a maximum 2.5% ceiling on trade value.
  • High brokerage charges.
  • High Demat maintenance charges.
  • ProTerminal is a paid platform that charges a subscription fee every year.

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 HDFC Securities 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 2022-08-08T03:12:44+00:00