Compare 3 Brokers

ICICIDirect Vs IIFL Securities: Which one is better?

The brokerage of ICICIDirect ranges between 0.05 to .55% while the brokerage of IIFL Securities ranges between .025 to .25%. Both the brokers are Full Service brokers. Overall rating for both the brokers are also equal with rating 4 out of 5.

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

  ICICIDirect Compare
ICICIDirect
IIFL Securities Compare
IIFL Securities
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? BSE, NSE NSE, BSE, MCX, NCDEX
Active Clients 18,47,989 3,24,853
Broker Overview ICICI Direct, pioneering online trading platform of ICICI Securities, charges more than its competitors but delivers with a fantastic platform, innovative offerings, and strong customer service. From advisory services to research, active trading... Know more about ICICIDirect IIFL Securities is one of the best brokers in terms of its Z20 flat discount brokerage plan, IIFL Markets Mobile app, best research & advisory, complete investment solution, and personalized Portfolio Management Service.
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 IIFL Securities. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

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

Comparison of ICICIDirect with IIFL Securities on trading & demat account opening charges and AMC. Trading account opening charges - ICICIDirect offer Free account opening where IIFL Securities charges Rs 250 (Rs 0, Promotion offer) for account opening. Demat AMC charges - ICICIDirect charges Rs 600 PA (Waived for 1st year) AMC for Demat account where IIFL Securities charges Rs 450 PA (Waived for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect with IIFL Securities
Charges ICICIDirect IIFL Securities
Trading Account Opening Fees Free Rs 250 (Rs 0, Promotion offer)
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 600 PA (Waived for 1st year) Rs 450 PA (Waived for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs IIFL Securities on Plan Options

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

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

Account Opening

  ICICIDirect IIFL Securities
Account Opening Request
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Brokerage Charges

Compare ICICIDirect vs IIFL Securities on Brokerage Charges

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

IIFL Securities Brokerage Plan detail - IIFL Z20 flat discount brokerage plan offers Free delivery trading and charges a maximum of Rs. 20 per order brokerage across segments.

Brokerage Charges - Compare ICICIDirect with IIFL Securities
Brokerage Charges Compare ICICIDirect IIFL Securities
Plan Name I-Secure Trading Plan (Percentage Based) IIFL Z20 Brokerage Plan
Equity Delivery 0.55% or 55 paisa Free
Equity Intraday 0.03% or 3 paisa Rs. 20/- per executed order or 0.05% whichever is
Equity Futures 0.05% or 5 paisa Rs. 20/- per executed order or 0.05% whichever is
Equity Options Rs 95 Per Lot Flat Rs 20 per executed order
Currency Futures 0.05% or 5 paisa Rs. 20/- per executed order or 0.05% whichever is
Currency Options Rs 25 Per Lot Rs. 20/- per executed order or 0.05% whichever is
Commodity Trading NA Rs. 20/- per executed order or 0.05% whichever is
Minimum Brokerage Rs 35 per trade NIL
Hidden Charges Yes Info Not Available
Funding Yes - 18% interest PA Yes - 18% interest PA
Call & Trade Charges First 20 call free and Rs 25 there onwards. Rs 50 Per Call + GST
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for IIFL Securities
SPAN Margin Calculator SPAN Margin Calculator for ICICIDirect SPAN Margin Calculator for IIFL Securities
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Share Broker's Transaction Charges

Compare ICICIDirect vs IIFL Securities on Transaction Charges

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

Transaction Charges - Compare ICICIDirect with IIFL Securities
Transaction Charges Compare ICICIDirect IIFL 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 Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for icicidirect Complete Brokerage Plans for iifl-securities
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Account Features

Compare ICICIDirect vs IIFL Securities on Account Features

Compare ICICIDirect with IIFL Securities 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 IIFL Securities offers only 2-in-1 account which includes 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 IIFL Securities
Account Features Compare ICICIDirect IIFL Securities
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 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 Yes
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 IIFL Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect and IIFL 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 IIFL Securities
Trading Platform Compare ICICIDirect IIFL Securities
Desktop Trading Platform Trade Racer IIFL Trader terminal
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://ttweb.indiainfoline.com
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App ICICI direct Mobile IIFL Markets
Mobile Trading App Demo ICICI direct Mobile Demo IIFL Markets Demo
Android Mobile App Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod IIFL Markets Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS ICICI direct Mobile Download iOS IIFL 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 IIFL Securities
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for IIFL Securities
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for IIFL Securities
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for iifl-securities
Zerodha Online Branch Offices
Upstox Online Branch Offices
5paisa Online Branch Offices
Angel Broking Online Branch Offices

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Broker Ratings by Users

Compare ICICIDirect vs IIFL Securities on User Rating

  ICICIDirect IIFL Securities
  265 Customer Reviews    Rate ICICIDirect 81 Customer Reviews    Rate IIFL Securities
Fees Ratings 2.4 3.1
Trading Brokerage Rating 1.8 2.9
Trading Platform Usability 3.3 3.4
Customer Service Ratings 2.8 2.9
Overall Ratings Rated 2.5 stars Rated 2.8 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 265 customer reviews IIFL Securities is Rated 2.8 / 5 based on 81 customer reviews
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Investment Offerings

Compare ICICIDirect vs IIFL Securities on Investment Offerings

Compare ICICIDirect with IIFL 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 - IIFL 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) - both the brokers provides PMS Service. You can invest in stocks/equity/bonds using PMS.

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

Compare ICICIDirect vs IIFL Securities on Order Types

Order Type - Compare ICICIDirect with IIFL 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)- 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 IIFL Securities
Order Type Compare ICICIDirect IIFL 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 Yes
GTC-Good Till Cancelled Yes Yes
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Margin/Leverage

Compare ICICIDirect vs IIFL Securities on Margin/Leverage

Compare ICICIDirect with IIFL Securities on Exposure/Margin offered by the 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 IIFL Securities
Margin Product Compare ICICIDirect IIFL Securities
Equity Delivery Margin ICICIDirect vs IIFL Securities - Equity Delivery Margin No Delivery margin. Upto 5x
Equity Intraday Margin ICICIDirect vs IIFL Securities - Equity Intraday Margin Up to 10x or 10% subject to Var and ELM. Up to 20x on MIS, Bracket order, (BO) and cover order (CO)
Futures Margin ICICIDirect vs IIFL Securities - Futures Margin 1x means actual SPAN + Exposure. Intraday: Upto 4x| BO/CO: 25% of Exchange margin + SL Margin
Options Margin ICICIDirect vs IIFL Securities - Options Margin 1x means actual SPAN + Exposure in Sell and Premium Margin in Buy. Stock options: 2x (sell), 1x (Buy)| Index Options Buy: 3x (intraday)| BO/CO: 25% of Exchange margin + SL Margin| Index options sell: 4x (intraday)| BO/CO: 25% of Exchange margin + SL Margin
Equity CO Margin ICICIDirect vs IIFL Securities - Equity CO Margin Up to 10x or 10% subject to Var and ELM, no additioanl margin for Cover Order. Up to 20x
Futures CO Margin ICICIDirect vs IIFL Securities - Futures CO Margin 1x means actual SPAN + Exposure margin, No additional Margin for Futures Cover Order. 1x means actual SPAN + Exposure margin, No additional Margin for Futures Cover Order.
Options CO Margin ICICIDirect vs IIFL Securities - Options CO Margin 1x means actual SPAN + Exposure margin(Sell) or Premium Margin(Buy), No additional Margin for Options Cover Order. 1x means actual SPAN + Exposure margin(Sell) or Premium Margin(Buy), No additional Margin for Options Cover Order.
Commodity Margin ICICIDirect vs IIFL Securities - Commodity Margin 1x means actual SPAN + Exposure in Sell and Premium Margin in Buy. 1x means actual SPAN + Exposure in Sell and Premium Margin in Buy.
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Customer Service Offered

Compare ICICIDirect vs IIFL Securities on Customer Service

Compare ICICIDirect with IIFL 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 IIFL Securities
Customer Service Compare ICICIDirect IIFL Securities
24/7 Customer Service ICICIDirect vs IIFL Securities - 24x7 customer support No Yes
Email Support ICICIDirect vs IIFL Securities - Email Support Yes Yes
Onine Live Chat ICICIDirect vs IIFL Securities - Onine Live Chat No Yes
Phone Support ICICIDirect vs IIFL Securities - Phone Support Yes Yes
Toll Free Number ICICIDirect vs IIFL Securities - Toll Free Number No Yes
Through Branches ICICIDirect vs IIFL Securities - Through Branches Yes Yes
Customer Care Number ICICIDirect vs IIFL Securities - Customer Care Number 33551122 022-40071000
Account Opening Process ICICIDirect vs IIFL Securities - Account Opening Process Offline Online/Paperless
Customer Support Email ICICIDirect vs IIFL Securities - Customer Support Email [email protected] [email protected]
Knowledge Center/Education ICICIDirect vs IIFL Securities - Knowledge Center/Education http://content.icicidirect.com/indexfaq.asp https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx
Head Office Address ICICIDirect vs IIFL Securities - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai 400020
IIFL House, Sun Infotech Park,
Road No. 16V, Plot No. B-23,
MIDC, Thane Industrial Area,
Wagle Estate, Thane-MH-400604
Website ICICIDirect vs IIFL Securities - Company Website https://www.icicidirect.com https://www.indiainfoline.com/
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Tips/Research/Reports Published

Compare ICICIDirect vs IIFL Securities on Research Reports, Tips

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

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

Compare ICICIDirect vs IIFL Securities on Demat Account

Compare ICICIDirect with IIFL Securities on Demat Service and Charges. This section covers about demat charges, demat service and other details

Demat Charges - Compare ICICIDirect with IIFL Securities
  ICICIDirect IIFL Securities
DP Source CDSL CDSL
DP ID ICICIDirect vs IIFL Securities - DP ID 14300 44700
Demat Account Annual Maintenance Charges(AMC) ₹700 pa ₹400 pa
Advance Deposit Rs. 7500/- , If the client is not having ICICI BANK Account Nil
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 (Min ₹25) + ₹5.50 (CDSL Charges)
Demat ₹50 per set up ₹15 per certificate + ₹40 courier charges
Remat ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges
Pledge Creation 0.02% (Min ₹35 and Max ₹25,000) ₹50
Pledge Creation Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Closure 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Closure Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Invocation 0.02% (Min ₹35 and Max ₹25,000) Nil
Failed Instruction Charges ₹30 per transaction Nil
Other Charges Nil Nil

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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs IIFL Securities on Special Offers and Promotion

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

Compare ICICIDirect vs IIFL Securities on Special Offers and Promotion
  ICICIDirect IIFL Securities
Pay In and Pay Out Options ICICIDirect vs IIFL 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 funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from TradeTerminal or TTWeb or Mobile App.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time ICICIDirect vs IIFL Securities - Payout Time Instant to ICICI Bank. Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999.
Bank Supported and Charges ICICIDirect vs IIFL Securities - Bank Supported and Charges Info Not Available Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms.
Bank Detail Direct from your ICICI bank account. India Infoline Ltd
Account No.:IILEQ1XXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0CMSNOC
Likes

Detail Review...

Detail Review...

Dislikes
  • Minimum brokerage charges.
  • No commodity trading.
  • High brokerage, compare to discount brokers.
  • Not a good fit for small and penny stock traders.

Detail Review...

  • High call & trade charges of Rs. 50 per order.
  • Unavailability of the IIFL 3-in-1 account.
  • High IIFL Securities Account Opening Charge than other 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. Open IIFL Demat & Trading Account Free - Zero A/c Opening Charge & 1st year AMC waived off.
Enquiry Enquire about ICICIDirect Enquire about IIFL Securities

Last Updated on 2020-12-15T03:51:08+00:00


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