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ICICIDirect Vs Anand Rathi: 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 Anand Rathi ranges between 0.02 to 0.20%. Both the brokers are Full Service brokers. ICICIDirect is having overall higher rating compare to Anand Rathi. ICICIDirect is rated 4 out of 5 where Anand Rathi is rated only 3 out of 5. Number of active customer for ICICIDirect is 18,75,186 where number of active customer for Anand Rathi is 1,20,565. ICICIDirect is serving more customer compare to Anand Rathi.

Here we present side-by-side comparison of ICICIDirect vs Anand Rathi 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 Anand Rathi'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 Anand Rathi 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 Anand Rathi'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 Anand Rathi on Service

  ICICIDirect Compare
ICICIDirect
Anand Rathi Compare
Anand Rathi
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 BSE, NSE, MCX, NCDEX
Active Clients 18,75,186 1,20,565
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 Free Anand Rathi Trading & Demat Account to trade or invest across multiple products, get free trading tips and expert research reports, personalized advisory, and portfolio management services (PMS).
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Account Opening Charges and AMC

Compare ICICIDirect vs Anand Rathi on Trading & Demat Account Opening Charges

Comparison of ICICIDirect with Anand Rathi 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 Anand Rathi charges Rs 450 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect with Anand Rathi
Charges ICICIDirect Anand Rathi
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 300 per annum Rs 450 PA (Free for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs Anand Rathi on Plan Options

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

Compare ICICIDirect with Anand Rathi on Plan Options
Plan Types ICICIDirect Anand Rathi
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 Anand Rathi 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.

Anand Rathi Brokerage Plan detail - Anand Rathi has a fixed percentage-based brokerage plan that charges a 0.02% to o.20% brokerage fee on trading in different segments.

Brokerage Charges - Compare ICICIDirect with Anand Rathi
Brokerage Charges Compare ICICIDirect Anand Rathi
Plan Name NEO Flat Discount Brokerage Plan Classic Trading Plan (Percentage Based)
Equity Delivery 0.55% 0.20%
Equity Intraday Flat Rs. 20 per order 0.02%
Equity Futures Free (Rs. 0 brokerage) 0.02%
Equity Options Flat Rs. 20 per order Rs 50 per lot
Currency Futures Flat Rs. 20 per order 0.02%
Currency Options Flat Rs. 20 per order Rs 20 per lot
Commodity Trading Flat Rs. 20 per order 0.02%
Minimum Brokerage Rs 35 per trade NIL
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 Anand Rathi
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Share Broker's Transaction Charges

Compare ICICIDirect vs Anand Rathi on Transaction Charges

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

Transaction Charges - Compare ICICIDirect with Anand Rathi
Transaction Charges Compare ICICIDirect Anand Rathi
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 Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for icicidirect Complete Brokerage Plans for anand-rathi-broker
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Account Features

Compare ICICIDirect vs Anand Rathi on Account Features

Compare ICICIDirect with Anand Rathi 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 Anand Rathi offers only 2-in-1 account which includes trading and demat account. Algo Trading - Anand Rathi offers Algo Trading where ICICIDirect 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 Anand Rathi
Account Features Compare ICICIDirect Anand Rathi
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 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 Anand Rathi on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect and Anand Rathi. 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 Anand Rathi
Trading Platform Compare ICICIDirect Anand Rathi
Desktop Trading Platform Trade Racer OMNESYS NEST - Trade X Pro
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://www.anandrathi.com/Otn/Login/indexauth.jsp
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App ICICI direct Mobile Trade Mobi
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 Trade Mobi Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS ICICI direct Mobile Download iOS Trade Mobi Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for ICICIDirect Equity Intraday and Delivery Brokerage Calculator for Anand Rathi
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for Anand Rathi
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for Anand Rathi
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for anand-rathi-broker

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Broker Ratings by Users

Compare ICICIDirect vs Anand Rathi on User Rating

  ICICIDirect Anand Rathi
  267 Customer Reviews    Rate ICICIDirect 2 Customer Reviews    Rate Anand Rathi
Fees Ratings 2.4 3.5
Trading Brokerage Rating 1.8 3.0
Trading Platform Usability 3.3 3.0
Customer Service Ratings 2.9 3.5
Overall Ratings 2.5 3.0
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews Anand Rathi is Rated 3.0 / 5 based on 2 customer reviews
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Investment Offerings

Compare ICICIDirect vs Anand Rathi on Investment Offerings

Compare ICICIDirect with Anand Rathi 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 - Anand Rathi 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 Anand Rathi
Investment Offerings Compare ICICIDirect Anand Rathi
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No Yes
Online IPO Application Yes No
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 Anand Rathi on Order Types

Order Type - Compare ICICIDirect with Anand Rathi 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) - ICICIDirect provide Cover Orders (CO) where Anand Rathi doesn't offer.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) - 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- ICICIDirect offers Good Till Cancelled (GTC) orders where Anand Rathi doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare ICICIDirect with Anand Rathi
Order Type Compare ICICIDirect Anand Rathi
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order No No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare ICICIDirect vs Anand Rathi on Customer Service

Compare ICICIDirect with Anand Rathi 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 Anand Rathi
Customer Service Compare ICICIDirect Anand Rathi
24/7 Customer Service ICICIDirect vs Anand Rathi - 24x7 customer support No No
Email Support ICICIDirect vs Anand Rathi - Email Support Yes Yes
Onine Live Chat ICICIDirect vs Anand Rathi - Onine Live Chat No Yes
Phone Support ICICIDirect vs Anand Rathi - Phone Support Yes Yes
Toll Free Number ICICIDirect vs Anand Rathi - Toll Free Number No Yes
Through Branches ICICIDirect vs Anand Rathi - Through Branches Yes Yes
Customer Care Number ICICIDirect vs Anand Rathi - Customer Care Number 1860 123 1122 0291 710 5596/1800 420 1004 (toll-free)
Account Opening Process ICICIDirect vs Anand Rathi - Account Opening Process Online Info Not Available
Customer Support Email ICICIDirect vs Anand Rathi - Customer Support Email [email protected] [email protected]
Knowledge Center/Education ICICIDirect vs Anand Rathi - Knowledge Center/Education https://www.icicidirect.com/knowledge-center https://anandrathi.com/Inv_rathi_blog/
Head Office Address ICICIDirect vs Anand Rathi - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai - 400020
Info Not Available
Website ICICIDirect vs Anand Rathi - Company Website https://www.icicidirect.com Info Not Available
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Tips/Research/Reports Published

Compare ICICIDirect vs Anand Rathi on Research Reports, Tips

Compare ICICIDirect with Anand Rathi on research reports and tips provided by the broker.

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

Compare ICICIDirect vs Anand Rathi on Demat Account

Compare ICICIDirect with Anand Rathi 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 Anand Rathi is ₹450 pa (Second year onwards) 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 Anand Rathi is ₹15 + ₹5.50 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 Anand Rathi
  ICICIDirect Anand Rathi
DP Source CDSL CDSL
DP ID ICICIDirect vs Anand Rathi - DP ID 14300 No
Demat Account Annual Maintenance Charges(AMC) ₹700 pa ₹450 pa (Second year onwards)
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) ₹15 + ₹5.50 CDSL charges
Demat ₹50 per set up ₹3 per certificate + ₹35 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)
Pledge Creation 0.02% (Min ₹35 and Max ₹25,000) 0.01% of the value (Min ₹50) + CDSL charges
Pledge Creation Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Closure 0.02% (Min ₹35 and Max ₹25,000) 0.01% of the value (Min ₹50) + CDSL charges
Pledge Closure Confirmation 0.02% (Min ₹35 and Max ₹25,000) 0.01% of the value (Min ₹50) + CDSL charges
Pledge Invocation 0.02% (Min ₹35 and Max ₹25,000) 0.01% of the value (Min ₹50) + CDSL charges
Failed Instruction Charges ₹30 per transaction ₹25
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs Anand Rathi on Special Offers and Promotion

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

Compare ICICIDirect vs Anand Rathi on Special Offers and Promotion
  ICICIDirect Anand Rathi
Pay In and Pay Out Options ICICIDirect vs Anand Rathi - 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 Anand Rathi - Payout Time Instant to ICICI Bank. Info Not Available
Bank Supported and Charges ICICIDirect vs Anand Rathi - 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...

Read out the most important benefits or advantages of why choose Anand Rathi?

  • Online trading in equity, derivatives, currency, and commodity.
  • Mutual funds, FDs, NCDs, and portfolio management services (PMS).
  • Zero account opening charges.
  • Zero maintenance fee for the first year.
  • Trade X’Press+, TradeX’Pro, and Trade Mobi App with real-time charting.
  • Free Research: Fundamental & technical research, FNO, commodity, and currency research reports.
  • Investment Basket: A thematic investing product.
  • Equity SIP (E-SIP) facility to invest in shares.
  • Place after-market order (AMO).
  • Blog and knowledge center for beginners.
  • Loan against shares and Margin trading facility (MTF).
  • Free call & trade

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...

There are some disadvantages or drawbacks also, here are the same;

  • Does not offer direct mutual funds.
  • No 3-in-1 account
  • A bit higher brokerage fee than 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.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-14T04:34:26+00:00