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ICICIDirect Vs Fyers: 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 Fyers ranges between Rs 20. ICICIDirect is a Full Service Broker where Fyers 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 Fyers is 2,14,075. ICICIDirect is serving more customer compare to Fyers.

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

  ICICIDirect Compare
ICICIDirect
Fyers Compare
Fyers
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
Active Clients 18,75,186 2,14,075
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 Fyers is one of India's most popular brokers thanks to its best-in-class technology platforms, user-friendly interface (Fyers 2.0 app, Fyers Next, and Fyers One terminal), ultra-low brokerage (Rs 20/order), lowest NRI trading (Rs 50/order) and free i...Know more about Fyers
Broker Enquiry Request call back from Zerodha Request call back from Fyers
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Account Opening Charges and AMC

Compare ICICIDirect vs Fyers on Trading & Demat Account Opening Charges

Comparison of ICICIDirect with Fyers on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Fyers 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 Fyers
Charges ICICIDirect Fyers
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 Fyers on Plan Options

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

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

Account Opening

  Zerodha Fyers
Account Opening Request
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Brokerage Charges

Compare ICICIDirect vs Fyers 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.

Fyers Brokerage Plan detail - Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments.

Brokerage Charges - Compare ICICIDirect with Fyers
Brokerage Charges Compare ICICIDirect Fyers
Plan Name NEO Flat Discount Brokerage Plan Max Rs 20 Per Order Trading Plan
Equity Delivery 0.55% Free
Equity Intraday Flat Rs. 20 per order 0.03% or Rs 20 whichever is lower
Equity Futures Free (Rs. 0 brokerage) 0.03% or Rs 20 whichever is lower
Equity Options Flat Rs. 20 per order Flat Fee Rs 20
Currency Futures Flat Rs. 20 per order 0.03% or Rs 20 whichever is lower
Currency Options Flat Rs. 20 per order Flat Fee Rs 20
Commodity Trading Flat Rs. 20 per order Flat Fee Rs 20
Minimum Brokerage Rs 35 per trade NIL
Hidden Charges Yes No
Funding Yes - 18% interest PA No
Call & Trade Charges First 20 call free and Rs 25 there onwards. Rs 50 Per Order
Auto Square off Charges First 20 call free and Rs 25 there onwards. Rs 50 Per Order
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for Fyers
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Share Broker's Transaction Charges

Compare ICICIDirect vs Fyers on Transaction Charges

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

Transaction Charges - Compare ICICIDirect with Fyers
Transaction Charges Compare ICICIDirect Fyers
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 fyers
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Account Features

Compare ICICIDirect vs Fyers on Account Features

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

Account Features - ICICIDirect with Fyers
Account Features Compare ICICIDirect Fyers
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 No
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 No
Other Features NIL Fyers 30 Day Challenge
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Trading Platform

Compare ICICIDirect vs Fyers on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect and Fyers. 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 Fyers
Trading Platform Compare ICICIDirect Fyers
Desktop Trading Platform Trade Racer Fyers One
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 Fyers Web
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App ICICI direct Mobile Fyers 2.0 Mobile App
Mobile Trading App Demo ICICI direct Mobile Demo Fyers 2.0 Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod Fyers 2.0 Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS ICICI direct Mobile Download iOS Fyers 2.0 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 Fyers
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for Fyers
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for Fyers
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for fyers

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Broker Ratings by Users

Compare ICICIDirect vs Fyers on User Rating

  ICICIDirect Fyers
  267 Customer Reviews    Rate ICICIDirect 10 Customer Reviews    Rate Fyers
Fees Ratings 2.4 3.5
Trading Brokerage Rating 1.8 3.6
Trading Platform Usability 3.3 3.6
Customer Service Ratings 2.9 3.4
Overall Ratings 2.5 3.2
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews Fyers is Rated 3.2 / 5 based on 10 customer reviews
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Investment Offerings

Compare ICICIDirect vs Fyers on Investment Offerings

Compare ICICIDirect with Fyers 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 - Fyers 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 Fyers doesn't offer

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

Order Type - Compare ICICIDirect with Fyers 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) - Fyers 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 Fyers
Order Type Compare ICICIDirect Fyers
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 Fyers on Customer Service

Compare ICICIDirect with Fyers 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 Fyers
Customer Service Compare ICICIDirect Fyers
24/7 Customer Service ICICIDirect vs Fyers - 24x7 customer support No No
Email Support ICICIDirect vs Fyers - Email Support Yes Yes
Onine Live Chat ICICIDirect vs Fyers - Onine Live Chat No No
Phone Support ICICIDirect vs Fyers - Phone Support Yes Yes
Toll Free Number ICICIDirect vs Fyers - Toll Free Number No No
Through Branches ICICIDirect vs Fyers - Through Branches Yes No
Customer Care Number ICICIDirect vs Fyers - Customer Care Number 1860 123 1122 08060001111
Account Opening Process ICICIDirect vs Fyers - Account Opening Process Online 100% online and paperless proc
Customer Support Email ICICIDirect vs Fyers - Customer Support Email [email protected] [email protected]
Knowledge Center/Education ICICIDirect vs Fyers - Knowledge Center/Education https://www.icicidirect.com/knowledge-center https://fyers.in/school-of-stocks/
Head Office Address ICICIDirect vs Fyers - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai - 400020
Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore - 560009
Website ICICIDirect vs Fyers - Company Website https://www.icicidirect.com https://fyers.in/
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Tips/Research/Reports Published

Compare ICICIDirect vs Fyers on Research Reports, Tips

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

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

Compare ICICIDirect vs Fyers on Demat Account

Compare ICICIDirect with Fyers 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 Fyers is Free where for ICICIDirect is ₹700 pa. Fyers 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 Fyers is ₹7 + ₹5.50 (CDSL Charges) per 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 Fyers
  ICICIDirect Fyers
DP Source CDSL CDSL
DP ID ICICIDirect vs Fyers - DP ID 14300 432-2019
Demat Account Annual Maintenance Charges(AMC) ₹700 pa Free
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) ₹7 + ₹5.50 (CDSL Charges) per transaction
Demat ₹50 per set up ₹0
Remat ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹0
Pledge Creation 0.02% (Min ₹35 and Max ₹25,000) Nil
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 Stamp Charges ₹50,
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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs Fyers on Special Offers and Promotion

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

Compare ICICIDirect vs Fyers on Special Offers and Promotion
  ICICIDirect Fyers
Pay In and Pay Out Options ICICIDirect vs Fyers - 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 Fyers Mobile, Fyers One and Fyers Web.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time ICICIDirect vs Fyers - Payout Time Instant to ICICI Bank. Up to 24 Hrs except for Bank Holidays.
Bank Supported and Charges ICICIDirect vs Fyers - Bank Supported and Charges Info Not Available 24+ banks connected via payment gateway, Free pay in and Free Pay Out.
Bank Detail Direct from your ICICI bank account. Fyers Securities,
Account Number:00090340002376
Bank and Branch: HDFC Bank,Kasturba Road, Bangalore
Account Type: Current Account
IFSC Code: HDFC0000009
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
  • Free stocks and mutual funds investment
  • Rs 20 fixed brokerage on all segments
  • Invest in IPOs, OFS, SGBs, G-secs, and T-bills
  • Cheapest Rs 50/order brokerage on NRI trading
  • User-friendly mobile app and website for investors
  • Fyers Next and Fyers One high-speed trading terminal for traders
  • Fyers Thematic Investing: Invest in expert curated basket of stocks.
  • Start Algo trading Access with Fyers API for free
  • Bracket order, cover order, GTT, AMO, basket order
  • Fyers School of Stocks, a free stock market learning platform.
  • Margin calculator, brokerage calculator, SIP & Lumpsum calculator, etc.

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...

  • No unlimited zero brokerage monthly plans
  • No 3-in-1 account offering
  • No mutual fund investment app
  • Research reports are not offered free

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 Fyers Account Now>>

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