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ICICIDirect Vs Finvasia: 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 Max Rs. 20 per trade while the brokerage of Finvasia ranges between Rs 0. ICICIDirect is a Full Service Broker where Finvasia is a Discount Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for ICICIDirect is 18,75,186 where number of active customer for Finvasia is 94,480. ICICIDirect is serving more customer compare to Finvasia.

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

  ICICIDirect Compare
ICICIDirect
Finvasia Compare
Finvasia
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 18,75,186 94,480
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 Finvasia is India’s first discount brokerage house offering zero brokerage online trading account, zero lifetime Demat AMC, and online trading in stocks, derivatives, commodities, and currencies at absolutely NIL brokerage on the feature-rich S...Know more about Finvasia
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare ICICIDirect vs Finvasia on Trading & Demat Account Opening Charges

Comparison of ICICIDirect with Finvasia on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Finvasia offer Free AMC for Demat account where ICICIDirect charges Rs 300 per annum AMC for Demat account.

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

Compare ICICIDirect vs Finvasia on Plan Options

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

Compare ICICIDirect with Finvasia on Plan Options
Plan Types ICICIDirect Finvasia
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 Finvasia 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.

Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.

Brokerage Charges - Compare ICICIDirect with Finvasia
Brokerage Charges Compare ICICIDirect Finvasia
Plan Name NEO Flat Discount Brokerage Plan Zero Brokerage Trading Plan
Equity Delivery 0.55% Rs 0
Equity Intraday Flat Rs. 20 per order Rs 0
Equity Futures Free (Rs. 0 brokerage) Rs 0
Equity Options Flat Rs. 20 per order Rs 0
Currency Futures Flat Rs. 20 per order Rs 0
Currency Options Flat Rs. 20 per order Rs 0
Commodity Trading Flat Rs. 20 per order Rs 0
Minimum Brokerage Rs 35 per trade NA
Hidden Charges Yes No
Funding Yes - 18% interest PA Yes, 24% 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 Finvasia
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Share Broker's Transaction Charges

Compare ICICIDirect vs Finvasia on Transaction Charges

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

Transaction Charges - Compare ICICIDirect with Finvasia
Transaction Charges Compare ICICIDirect Finvasia
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 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for icicidirect Complete Brokerage Plans for finvasia
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Account Features

Compare ICICIDirect vs Finvasia on Account Features

Compare ICICIDirect with Finvasia 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 Finvasia offers only 2-in-1 account which includes trading and demat account. Algo Trading - Finvasia offers Algo Trading where ICICIDirect doesn't offers Algo Trading. Margin Funding - ICICIDirect offers a margin funding where Finvasia doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - ICICIDirect with Finvasia
Account Features Compare ICICIDirect Finvasia
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 No
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity No Yes
Intraday Square-off Time 3:15PM 3:15 PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare ICICIDirect vs Finvasia on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect and Finvasia. 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 Finvasia
Trading Platform Compare ICICIDirect Finvasia
Desktop Trading Platform Trade Racer OMNESYS NEST
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.finvasia.com/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App ICICI direct Mobile SCALPERT
Mobile Trading App Demo ICICI direct Mobile Demo SCALPERT Demo
Android Mobile App Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod SCALPERT Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS ICICI direct Mobile Download Info Not Available
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Free Basic platforms are free, advance platforms are chargeable.
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for ICICIDirect Equity Intraday and Delivery Brokerage Calculator for Finvasia
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for Finvasia
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for Finvasia
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for finvasia

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Broker Ratings by Users

Compare ICICIDirect vs Finvasia on User Rating

  ICICIDirect Finvasia
  267 Customer Reviews    Rate ICICIDirect 17 Customer Reviews    Rate Finvasia
Fees Ratings 2.4 4.3
Trading Brokerage Rating 1.8 4.6
Trading Platform Usability 3.3 4.0
Customer Service Ratings 2.9 3.5
Overall Ratings 2.5 4.2
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews Finvasia is Rated 4.2 / 5 based on 17 customer reviews
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Investment Offerings

Compare ICICIDirect vs Finvasia on Investment Offerings

Compare ICICIDirect with Finvasia 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 - Finvasia 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 Finvasia doesn't offer

Investment Offerings - Compare ICICIDirect with Finvasia
Investment Offerings Compare ICICIDirect Finvasia
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 No
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 Finvasia on Order Types

Order Type - Compare ICICIDirect with Finvasia 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) - Finvasia 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- ICICIDirect offers Good Till Cancelled (GTC) orders where Finvasia doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare ICICIDirect with Finvasia
Order Type Compare ICICIDirect Finvasia
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 No
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Customer Service Offered

Compare ICICIDirect vs Finvasia on Customer Service

Compare ICICIDirect with Finvasia 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 Finvasia
Customer Service Compare ICICIDirect Finvasia
24/7 Customer Service ICICIDirect vs Finvasia - 24x7 customer support No No
Email Support ICICIDirect vs Finvasia - Email Support Yes Yes
Onine Live Chat ICICIDirect vs Finvasia - Onine Live Chat No Yes
Phone Support ICICIDirect vs Finvasia - Phone Support Yes Yes
Toll Free Number ICICIDirect vs Finvasia - Toll Free Number No No
Through Branches ICICIDirect vs Finvasia - Through Branches Yes No
Customer Care Number ICICIDirect vs Finvasia - Customer Care Number 1860 123 1122 Support: +91 9779 097 777/Sales: +91 9098 001 001
Account Opening Process ICICIDirect vs Finvasia - Account Opening Process Online Online/Paperless
Customer Support Email ICICIDirect vs Finvasia - Customer Support Email [email protected] [email protected]/[email protected]
Knowledge Center/Education ICICIDirect vs Finvasia - Knowledge Center/Education https://www.icicidirect.com/knowledge-center https://finvasia.com/announcements
Head Office Address ICICIDirect vs Finvasia - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai - 400020
Finvasia Securities Pvt Ltd
Plot #10,
Netsmatrz House (Level 3),
Rajiv Gandhi Chd. Tech Park,
Chandigarh -160101
Website ICICIDirect vs Finvasia - Company Website https://www.icicidirect.com https://www.finvasia.com/
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Tips/Research/Reports Published

Compare ICICIDirect vs Finvasia on Research Reports, Tips

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

Research Reports - Compare ICICIDirect with Finvasia
  ICICIDirect Finvasia
Research Mutual Funds ICICIDirect vs Finvasia - Research Mutual Funds Yes No
Research Equity Reports ICICIDirect vs Finvasia - Research Equity Reports Yes No
Research ETF ICICIDirect vs Finvasia - Research ETF Yes No
Daily Market Report ICICIDirect vs Finvasia - Daily Market Report Yes No
Free Tips ICICIDirect vs Finvasia - Free Tips Yes No
Quarterly Result Analysis ICICIDirect vs Finvasia - Quarterly Results Yes No
News Alerts ICICIDirect vs Finvasia - Yes No
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Demat Account

Compare ICICIDirect vs Finvasia on Demat Account

Compare ICICIDirect with Finvasia 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 Finvasia is Free where for ICICIDirect is ₹700 pa. Finvasia is a better choice in terms of Demat AMC compare to ICICIDirect.

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 Finvasia is ₹9 + ₹5.50 (CDSL Charges) for every transaction.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 Finvasia
  ICICIDirect Finvasia
DP Source CDSL CDSL
DP ID ICICIDirect vs Finvasia - DP ID 14300 84300
Demat Account Annual Maintenance Charges(AMC) ₹700 pa Free
Advance Deposit Rs. 7500/- , If the client is not having ICICI BANK Account Rs 0
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) ₹9 + ₹5.50 (CDSL Charges) for every transaction
Demat ₹50 per set up ₹15 per certificate
Remat ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹15 for every hundred securities + CDSL Charges
Pledge Creation 0.02% (Min ₹35 and Max ₹25,000) ₹25 per transaction
Pledge Creation Confirmation 0.02% (Min ₹35 and Max ₹25,000) NIL
Pledge Closure 0.02% (Min ₹35 and Max ₹25,000) ₹25 per transaction
Pledge Closure Confirmation 0.02% (Min ₹35 and Max ₹25,000) NIL
Pledge Invocation 0.02% (Min ₹35 and Max ₹25,000) ₹19 per transaction
Failed Instruction Charges ₹30 per transaction ₹49
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs Finvasia on Special Offers and Promotion

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

Compare ICICIDirect vs Finvasia on Special Offers and Promotion
  ICICIDirect Finvasia
Pay In and Pay Out Options ICICIDirect vs Finvasia - 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 with cheque, online bank transfer via IMPS, NEFT or RTGS, UPI, Netbanking / Payment Gateway from SCALPERT, NSET, NOW, Fox Trader, BEST Software.
Pay-out / Withdrawal Fund through bank transfer only.
Payout Time ICICIDirect vs Finvasia - Payout Time Instant to ICICI Bank. Up to 24 hrs except for bank holidays.
Bank Supported and Charges ICICIDirect vs Finvasia - Bank Supported and Charges Info Not Available Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms.
Bank Detail Direct from your ICICI bank account. FINVASIA SECURITIES PVT LTD,
Account Number:08730340000255
Bank and Branch: Plot no.28, Phase 1, Industrial Area, Chandigarh
Account Type: Current Account
IFSC Code:HDFC0000873
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...

No-doubt, zero brokerage fees is the most crucial benefit available on trading with Finvasia. Check out the key pros or advantages of opening an account and trading with Finvasia as follows;

  • Zero account opening fees.
  • Commission or Brokerage-free trading across all segments.
  • Free and easy-to-use platforms; Shoonya web, app, and exe desktop software.
  • Free of cost Shoonya Developer API.
  • Start algo trading with HFT Algo.
  • Invest in IPO, bonds, and direct mutual funds.
  • Finvasia allows BTST (Buy Today, Sell Tomorrow) facility.
  • Place advanced orders like bracket order (BO), cover order (CO), and after market order (AMO).
  • GTT (Good Till Triggered order) is available across all segments with 1 year validity.
  • Zero call & trade charges.
  • No annual maintenance fee.
  • Zero hidden charges.
  • Lowest DP Charges.

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...

Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;

  • Does not provide margin funding.
  • You cannot open a 3-in-1 account with Finvasia.
  • Finvasia is an online discount broker and does not have any physical branches.
  • It does not provide intraday trading tips, investment ideas, and research
  • No dedicated relationship manager.

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. Free Account Opening+Free Demat AMC+Free Trading.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

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