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ICICIDirect Vs SBICAP Securities: Which one is better?

Both the brokers are registered with SEBI. ICICIDirect offers investmenet in Equity, F&O, Currency and Commodities, where SBICAP Securities offers investment in Equity, F&O and Currency only. The brokerage of ICICIDirect ranges between Rs. 20 while the brokerage of SBICAP Securities ranges between .05 to 0.50%. 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 18,69,925 where number of active customer for SBICAP Securities is 8,55,994. ICICIDirect is serving more customer compare to SBICAP Securities.

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

  ICICIDirect Compare
ICICIDirect
SBICAP Securities Compare
SBICAP 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? NSE, BSE, MCX NSE, BSE
Active Clients 18,69,925 8,55,994
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 a Demat & Trading Account with India’s leading SBI bank-based full-service broker, SBI Securities. A comprehensive range of products, an integrated 3-in-1 account, easy-to-use mobile app and website, fundamental and technical research ...Know more about SBICAP Securities
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

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

Comparison of ICICIDirect with SBICAP Securities on trading & demat account opening charges and AMC. Trading account opening charges - ICICIDirect offer Free account opening where SBICAP Securities charges Rs 850 for account opening. Demat AMC charges - ICICIDirect charges Rs 300 per annum AMC for Demat account where SBICAP Securities charges Rs 500 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect with SBICAP Securities
Charges ICICIDirect SBICAP Securities
Trading Account Opening Fees Free Rs 850
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 300 per annum Rs 500 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs SBICAP Securities on Plan Options

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

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

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare ICICIDirect vs SBICAP 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.

SBICAP Securities Brokerage Plan detail - This is a standard plan by SBI Securities. This is a fixed percentage-based brokerage plan. Brokerage is between .05% to .5%, which is 5 paisa to 50 paise.

Brokerage Charges - Compare ICICIDirect with SBICAP Securities
Brokerage Charges Compare ICICIDirect SBICAP Securities
Plan Name NEO Flat Discount Brokerage Plan Standard or default 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 Rs 100 Per Lot
Currency Futures Flat Rs. 20 per order 0.03%
Currency Options Flat Rs. 20 per order Rs 30 Per Lot
Commodity Trading Flat Rs. 20 per order Rs. 100 per lot
Minimum Brokerage Rs 35 per trade Rs 0.05 for Cash, Rs 0.01 Future
Hidden Charges Yes Info Not Available
Funding Yes - 18% interest PA Yes - 24% interest PA
Call & Trade Charges First 20 call free and Rs 25 there onwards. Free First 30 calls per month, after Rs 10 per call - Max 3 scripts can be trade per call.
Auto Square off Charges First 20 call free and Rs 25 there onwards. First Free 30 per month, after Rs 10 per square-off
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for SBICAP Securities
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Share Broker's Transaction Charges

Compare ICICIDirect vs SBICAP Securities on Transaction Charges

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

Transaction Charges - Compare ICICIDirect with SBICAP Securities
Transaction Charges Compare ICICIDirect SBICAP Securities
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 sbicap-securities
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Account Features

Compare ICICIDirect vs SBICAP Securities on Account Features

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

Account Features - ICICIDirect with SBICAP Securities
Account Features Compare ICICIDirect SBICAP 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 Trading software terminal: ODIN Diet
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Trading Platform

Compare ICICIDirect vs SBICAP Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect and SBICAP 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 SBICAP Securities
Trading Platform Compare ICICIDirect SBICAP Securities
Desktop Trading Platform Trade Racer SBISMART XPRESS - NextTrader
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://login1.sbismart.com/nidp/app/login
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App ICICI direct Mobile SBISMART
Mobile Trading App Demo ICICI direct Mobile Demo SBISMART Demo
Android Mobile App Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod SBISMART Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS ICICI direct Mobile Download iOS SBISMART 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 SBICAP Securities
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for SBICAP Securities
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for SBICAP Securities
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for sbicap-securities

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Broker Ratings by Users

Compare ICICIDirect vs SBICAP Securities on User Rating

  ICICIDirect SBICAP Securities
  267 Customer Reviews    Rate ICICIDirect 78 Customer Reviews    Rate SBICAP Securities
Fees Ratings 2.4 3.3
Trading Brokerage Rating 1.8 3.1
Trading Platform Usability 3.3 2.8
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 SBICAP Securities is Rated 2.7 / 5 based on 78 customer reviews
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Investment Offerings

Compare ICICIDirect vs SBICAP Securities on Investment Offerings

Compare ICICIDirect with SBICAP 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 - 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 SBICAP Securities doesn't offer

Investment Offerings - Compare ICICIDirect with SBICAP Securities
Investment Offerings Compare ICICIDirect SBICAP Securities
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 No
PMS Service Yes No
Other Investment Options NIL NIL
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Order Types

Compare ICICIDirect vs SBICAP Securities on Order Types

Order Type - Compare ICICIDirect with SBICAP 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) - SBICAP Securities 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 SBICAP Securities
Order Type Compare ICICIDirect SBICAP Securities
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 SBICAP Securities on Customer Service

Compare ICICIDirect with SBICAP 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 SBICAP Securities
Customer Service Compare ICICIDirect SBICAP Securities
24/7 Customer Service ICICIDirect vs SBICAP Securities - 24x7 customer support No No
Email Support ICICIDirect vs SBICAP Securities - Email Support Yes Yes
Onine Live Chat ICICIDirect vs SBICAP Securities - Onine Live Chat No No
Phone Support ICICIDirect vs SBICAP Securities - Phone Support Yes Yes
Toll Free Number ICICIDirect vs SBICAP Securities - Toll Free Number No Yes
Through Branches ICICIDirect vs SBICAP Securities - Through Branches Yes Yes
Customer Care Number ICICIDirect vs SBICAP Securities - Customer Care Number 1860 123 1122 022 6854 5555
Account Opening Process ICICIDirect vs SBICAP Securities - Account Opening Process Online Offline
Customer Support Email ICICIDirect vs SBICAP Securities - Customer Support Email [email protected] [email protected]
Knowledge Center/Education ICICIDirect vs SBICAP Securities - Knowledge Center/Education https://www.icicidirect.com/knowledge-center https://www.sbismart.com/education
Head Office Address ICICIDirect vs SBICAP Securities - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai - 400020
SBICAP SECURITIES LTD.,
A&B WING, MARATHON FUTUREX
12TH FLOOR, N.M.JOSHI MARG
LOWER PAREL,
MUMBAI - 400013
Website ICICIDirect vs SBICAP Securities - Company Website https://www.icicidirect.com https://www.sbismart.com
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Tips/Research/Reports Published

Compare ICICIDirect vs SBICAP Securities on Research Reports, Tips

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

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

Compare ICICIDirect vs SBICAP Securities on Demat Account

Compare ICICIDirect with SBICAP 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 SBICAP Securities is ₹500 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 SBICAP Securities is 0.01% of the transaction value (Min ₹21 and Max ₹300).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 SBICAP Securities
  ICICIDirect SBICAP Securities
DP Source CDSL CDSL
DP ID ICICIDirect vs SBICAP Securities - DP ID 14300 19300
Demat Account Annual Maintenance Charges(AMC) ₹700 pa ₹500
Advance Deposit Rs. 7500/- , If the client is not having ICICI BANK Account 0 for all
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) 0.01% of the transaction value (Min ₹21 and Max ₹300)
Demat ₹50 per set up ₹5 per certificate + ₹35 courier charges
Remat ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹35 per certificate + CDSL Charges
Pledge Creation 0.02% (Min ₹35 and Max ₹25,000) 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges
Pledge Creation Confirmation 0.02% (Min ₹35 and Max ₹25,000) 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges
Pledge Closure 0.02% (Min ₹35 and Max ₹25,000) 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges
Pledge Closure Confirmation 0.02% (Min ₹35 and Max ₹25,000) 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges
Pledge Invocation 0.02% (Min ₹35 and Max ₹25,000) 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges
Failed Instruction Charges ₹30 per transaction ₹10
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs SBICAP Securities on Special Offers and Promotion

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

Compare ICICIDirect vs SBICAP Securities on Special Offers and Promotion
  ICICIDirect SBICAP Securities
Pay In and Pay Out Options ICICIDirect vs SBICAP 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 via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from SBISmart Mobile, SBISMART XPRESS Desktop and SBISMART Web application.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time ICICIDirect vs SBICAP Securities - Payout Time Instant to ICICI Bank. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges ICICIDirect vs SBICAP Securities - Bank Supported and Charges Info Not Available Direct to SBI Bank.
Bank Detail Direct from your ICICI bank account. Direct to SBI 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...

  • Trade on BSE, NSE, and MCX.
  • Instant paperless 3-in-1 account opening with SBI Bank.
  • Free web and app-based trading platforms.
  • Invest in IPO, mutual funds, insurance, and get loans.
  • Place upto 5 IPO applications from a single bank account.
  • Comprehensive fundamental and technical research services across asset classes.
  • Free trading tips and recommendations.
  • Educative blogs, and videos as a learning source.
  • Margin trading services.
  • Advance orders; bracket order (BO), Cover order (CO), and after market order (AMO).
  • Place Good Till Date (GTD) order.

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...

  • It charges high brokerage than other brokers like Zerodha, Upstox, etc.
  • It does not provide any desktop trading software for pro traders.
  • The first 30 calls & trade orders are free and then, Rs. 10 per order + GST fee is charged.
  • It doesn’t have any fixed/flat discount brokerage plan.
  • Customers are not satisfied with the SBI Securities services.

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