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ICICIDirect Vs IDBI Direct: Which one is better?

Both the brokers are registered with SEBI. ICICIDirect offers investmenet in Equity, F&O, Currency and Commodities, where IDBI Direct offers investment in Equity, F&O and Currency only. The brokerage of ICICIDirect ranges between Rs. 20 while the brokerage of IDBI Direct ranges between 0.02% to 0.20%. Both the brokers are Full Service brokers. ICICIDirect is having overall higher rating compare to IDBI Direct. ICICIDirect is rated 4 out of 5 where IDBI Direct is rated only 3.5 out of 5. Number of active customer for ICICIDirect is 18,69,925 where number of active customer for IDBI Direct is 55,285. ICICIDirect is serving more customer compare to IDBI Direct.

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

  ICICIDirect Compare
ICICIDirect
IDBI Direct Compare
IDBI Direct
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE
Active Clients 18,69,925 55,285
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 Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I...Know more about IDBI Direct
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Account Opening Charges and AMC

Compare ICICIDirect vs IDBI Direct on Trading & Demat Account Opening Charges

Comparison of ICICIDirect with IDBI Direct 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 IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect with IDBI Direct
Charges ICICIDirect IDBI Direct
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 300 per annum Rs 350 PA [Free for 1st year]
Provide DP Service Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs IDBI Direct on Plan Options

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

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

Account Opening

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Brokerage Charges

Compare ICICIDirect vs IDBI Direct 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.

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

Brokerage Charges - Compare ICICIDirect with IDBI Direct
Brokerage Charges Compare ICICIDirect IDBI Direct
Plan Name NEO Flat Discount Brokerage Plan Flat Brokerage PLan
Equity Delivery 0.55% 0.20%
Equity Intraday Flat Rs. 20 per order 0.02%
Equity Futures Free (Rs. 0 brokerage) Flat Rs 15 per order
Equity Options Flat Rs. 20 per order Flat Rs 15 per order
Currency Futures Flat Rs. 20 per order Flat Rs 15 per order
Currency Options Flat Rs. 20 per order Flat Rs 15 per order
Commodity Trading Flat Rs. 20 per order NA
Minimum Brokerage Rs 35 per trade Rs 25 per trade or 2.5% of the trade value whichever is lower.
Hidden Charges Yes Info Not Available
Funding Yes - 18% interest PA Info Not Available
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. NA
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for IDBI Direct
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Share Broker's Transaction Charges

Compare ICICIDirect vs IDBI Direct on Transaction Charges

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

Transaction Charges - Compare ICICIDirect with IDBI Direct
Transaction Charges Compare ICICIDirect IDBI Direct
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 idbicapital
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Account Features

Compare ICICIDirect vs IDBI Direct on Account Features

Compare ICICIDirect with IDBI Direct 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 IDBI Direct
Account Features Compare ICICIDirect IDBI Direct
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 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 IDBI Direct on Trading Platform

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

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Broker Ratings by Users

Compare ICICIDirect vs IDBI Direct on User Rating

  ICICIDirect IDBI Direct
  267 Customer Reviews    Rate ICICIDirect 31 Customer Reviews    Rate IDBI Direct
Fees Ratings 2.4 3.0
Trading Brokerage Rating 1.8 2.5
Trading Platform Usability 3.3 2.6
Customer Service Ratings 2.9 2.7
Overall Ratings 2.5 2.7
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews
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Investment Offerings

Compare ICICIDirect vs IDBI Direct on Investment Offerings

Compare ICICIDirect with IDBI Direct 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 - Both broker don't offers Commodity Trading (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - ICICIDirect provide PMS Service where IDBI Direct doesn't offer

Investment Offerings - Compare ICICIDirect with IDBI Direct
Investment Offerings Compare ICICIDirect IDBI Direct
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No No
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 NIL
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Order Types

Compare ICICIDirect vs IDBI Direct on Order Types

Order Type - Compare ICICIDirect with IDBI Direct 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) - IDBI Direct 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 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 IDBI Direct
Order Type Compare ICICIDirect IDBI Direct
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 Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare ICICIDirect vs IDBI Direct on Customer Service

Compare ICICIDirect with IDBI Direct 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 IDBI Direct
Customer Service Compare ICICIDirect IDBI Direct
24/7 Customer Service ICICIDirect vs IDBI Direct - 24x7 customer support No No
Email Support ICICIDirect vs IDBI Direct - Email Support Yes Yes
Onine Live Chat ICICIDirect vs IDBI Direct - Onine Live Chat No No
Phone Support ICICIDirect vs IDBI Direct - Phone Support Yes Yes
Toll Free Number ICICIDirect vs IDBI Direct - Toll Free Number No Yes
Through Branches ICICIDirect vs IDBI Direct - Through Branches Yes Yes
Customer Care Number ICICIDirect vs IDBI Direct - Customer Care Number 1860 123 1122 022-3913 5001
Account Opening Process ICICIDirect vs IDBI Direct - Account Opening Process Online Info Not Available
Customer Support Email ICICIDirect vs IDBI Direct - Customer Support Email [email protected] [email protected]
Knowledge Center/Education ICICIDirect vs IDBI Direct - Knowledge Center/Education https://www.icicidirect.com/knowledge-center Info Not Available
Head Office Address ICICIDirect vs IDBI Direct - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai - 400020
Info Not Available
Website ICICIDirect vs IDBI Direct - Company Website https://www.icicidirect.com https://www.idbidirect.in/
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Tips/Research/Reports Published

Compare ICICIDirect vs IDBI Direct on Research Reports, Tips

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

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

Compare ICICIDirect vs IDBI Direct on Demat Account

Compare ICICIDirect with IDBI Direct 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 IDBI Direct is ₹350 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 IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + 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 IDBI Direct
  ICICIDirect IDBI Direct
DP Source CDSL CDSL
DP ID ICICIDirect vs IDBI Direct - DP ID 14300 No
Demat Account Annual Maintenance Charges(AMC) ₹700 pa ₹350 pa
Advance Deposit Rs. 7500/- , If the client is not having ICICI BANK Account NO
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges
Demat ₹50 per set up ₹5 per certificate + ₹30 courier charges
Remat ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges
Pledge Creation 0.02% (Min ₹35 and Max ₹25,000) 0.05% of transaction value or ₹50 whichever is higher
Pledge Creation Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Closure 0.02% (Min ₹35 and Max ₹25,000) 0.0002% of transaction value or ₹25 whichever is higher
Pledge Closure Confirmation 0.02% (Min ₹35 and Max ₹25,000) 0.0002% of transaction value or ₹25 whichever is higher
Pledge Invocation 0.02% (Min ₹35 and Max ₹25,000) 0.0015% of transaction value or ₹25 whichever is higher
Failed Instruction Charges ₹30 per transaction Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs IDBI Direct on Special Offers and Promotion

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

Compare ICICIDirect vs IDBI Direct on Special Offers and Promotion
  ICICIDirect IDBI Direct
Pay In and Pay Out Options ICICIDirect vs IDBI Direct - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from ICICI Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Info Not Available
Payout Time ICICIDirect vs IDBI Direct - Payout Time Instant to ICICI Bank. Info Not Available
Bank Supported and Charges ICICIDirect vs IDBI Direct - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Direct from your ICICI bank account. Info Not Available
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...

  • 3-in-1 account opening.
  • Zero brokerage for the first 3 months.
  • Zero AMC for the first year.
  • Competitive brokerage
  • Paperless investment in mutual funds.
  • Equity SIP facility in shares (Amount based SIP and quantity-based SIP).
  • Leverage/margin trading with E-margin.
  • Encash – BSE feature to instantly get sale proceeds.
  • Dealer-assisted trading and free call & trade
  • Place aftermarket order, bracket order, and cover order.
  • Place Good Till Date (GTD)
  • Buy today Sell Tomorrow (BTST)

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 commodity trading.
  • The user interface of the trading platforms can be improved.
  • Customer service needs a lot of improvement.

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