FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
Loading...

ICICIDirect Vs Geojit: 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 Geojit ranges between .03 to .3%. 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 18,75,350 where number of active customer for Geojit is 2,33,756. ICICIDirect is serving more customer compare to Geojit.

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

  ICICIDirect Compare
ICICIDirect
Geojit Compare
Geojit
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 18,75,350 2,33,756
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 Demat Account online with Geojit BNP Paribas today to start online trading on the state-of-the-art trading platforms; SELFIE app, web, and desktop terminal, and also get financial planning, portfolio management services, and get free acce...Know more about Geojit
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
Expand

Account Opening Charges and AMC

Compare ICICIDirect vs Geojit on Trading & Demat Account Opening Charges

Comparison of ICICIDirect with Geojit 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 Geojit charges Rs 700 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect with Geojit
Charges ICICIDirect Geojit
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 300 per annum Rs 700 PA
Provide DP Service Yes Yes
Expand

About Brokerage Plans

Compare ICICIDirect vs Geojit on Plan Options

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

Compare ICICIDirect with Geojit on Plan Options
Plan Types ICICIDirect Geojit
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
Expand

Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
Expand

Brokerage Charges

Compare ICICIDirect vs Geojit 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.

Geojit Brokerage Plan detail - This is a standard plan by Geojit This is % based brokerage plan.This is % based brokerage plan. Brokerage is between .03% to .3%, which is 3 paisa to 30 paisa.

Brokerage Charges - Compare ICICIDirect with Geojit
Brokerage Charges Compare ICICIDirect Geojit
Plan Name NEO Flat Discount Brokerage Plan Online Trading Plan (Percentage Based)
Equity Delivery 0.55% 0.30% or 30 paisa
Equity Intraday Flat Rs. 20 per order 0.03% or 3 paisa
Equity Futures Free (Rs. 0 brokerage) 0.01%
Equity Options Flat Rs. 20 per order Rs 50 Per Lot
Currency Futures Flat Rs. 20 per order 0.03% or 3 paisa
Currency Options Flat Rs. 20 per order Rs 50 Per Lot
Commodity Trading Flat Rs. 20 per order 0.05% (Buy and sell)| Options: Rs. 150/lot| Option
Minimum Brokerage Rs 35 per trade 1p per share or Rs 20/contract whichever is higher
Hidden Charges Yes Info Not Available
Funding Yes - 18% interest PA Yes - 20% 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 Geojit
Expand

Share Broker's Transaction Charges

Compare ICICIDirect vs Geojit on Transaction Charges

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

Transaction Charges - Compare ICICIDirect with Geojit
Transaction Charges Compare ICICIDirect Geojit
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 geojit
Expand

Account Features

Compare ICICIDirect vs Geojit on Account Features

Compare ICICIDirect with Geojit 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 Geojit 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 Geojit
Account Features Compare ICICIDirect Geojit
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
Expand

Trading Platform

Compare ICICIDirect vs Geojit on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect and Geojit. 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 Geojit
Trading Platform Compare ICICIDirect Geojit
Desktop Trading Platform Trade Racer SELFIE Platinum
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://selfie.geojit.net/
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App ICICI direct Mobile SELFIE Geojit
Mobile Trading App Demo ICICI direct Mobile Demo SELFIE Geojit Demo
Android Mobile App Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod SELFIE Geojit Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS ICICI direct Mobile Download iOS SELFIE Geojit Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for ICICIDirect Equity Intraday and Delivery Brokerage Calculator for Geojit
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for Geojit
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for Geojit
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for geojit

Expand

Broker Ratings by Users

Compare ICICIDirect vs Geojit on User Rating

  ICICIDirect Geojit
  267 Customer Reviews    Rate ICICIDirect 79 Customer Reviews    Rate Geojit
Fees Ratings 2.4 3.6
Trading Brokerage Rating 1.8 3.4
Trading Platform Usability 3.3 3.9
Customer Service Ratings 2.9 3.8
Overall Ratings 2.5 3.7
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews Geojit is Rated 3.7 / 5 based on 79 customer reviews
Expand

Investment Offerings

Compare ICICIDirect vs Geojit on Investment Offerings

Compare ICICIDirect with Geojit 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 - Geojit 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 Geojit
Investment Offerings Compare ICICIDirect Geojit
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 Insurance
Expand

Order Types

Compare ICICIDirect vs Geojit on Order Types

Order Type - Compare ICICIDirect with Geojit 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 Geojit 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- 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 Geojit
Order Type Compare ICICIDirect Geojit
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 Yes
Expand

Customer Service Offered

Compare ICICIDirect vs Geojit on Customer Service

Compare ICICIDirect with Geojit 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 Geojit
Customer Service Compare ICICIDirect Geojit
24/7 Customer Service ICICIDirect vs Geojit - 24x7 customer support No No
Email Support ICICIDirect vs Geojit - Email Support Yes Yes
Onine Live Chat ICICIDirect vs Geojit - Onine Live Chat No No
Phone Support ICICIDirect vs Geojit - Phone Support Yes Yes
Toll Free Number ICICIDirect vs Geojit - Toll Free Number No Yes
Through Branches ICICIDirect vs Geojit - Through Branches Yes Yes
Customer Care Number ICICIDirect vs Geojit - Customer Care Number 1860 123 1122 1800-425-5501/1800-103-5501/91-484-2405822
Account Opening Process ICICIDirect vs Geojit - Account Opening Process Online Offline
Customer Support Email ICICIDirect vs Geojit - Customer Support Email [email protected] [email protected]
Knowledge Center/Education ICICIDirect vs Geojit - Knowledge Center/Education https://www.icicidirect.com/knowledge-center https://insights.geojit.com/
Head Office Address ICICIDirect vs Geojit - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai - 400020
Geojit Financial Services Ltd.
34/659-P,
Civil Line Road Padivattom,
Kochi 682024
Website ICICIDirect vs Geojit - Company Website https://www.icicidirect.com https://www.geojit.com/
Expand

Tips/Research/Reports Published

Compare ICICIDirect vs Geojit on Research Reports, Tips

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

Research Reports - Compare ICICIDirect with Geojit
  ICICIDirect Geojit
Research Mutual Funds ICICIDirect vs Geojit - Research Mutual Funds Yes Yes
Research Equity Reports ICICIDirect vs Geojit - Research Equity Reports Yes Yes
Research ETF ICICIDirect vs Geojit - Research ETF Yes Yes
Daily Market Report ICICIDirect vs Geojit - Daily Market Report Yes Yes
Free Tips ICICIDirect vs Geojit - Free Tips Yes Yes
Quarterly Result Analysis ICICIDirect vs Geojit - Quarterly Results Yes Yes
News Alerts ICICIDirect vs Geojit - Yes Yes
Expand

Demat Account

Compare ICICIDirect vs Geojit on Demat Account

Compare ICICIDirect with Geojit 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 Geojit is ₹600 pa 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 Geojit is 0.02% of transaction value (Max ₹40) + 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 Geojit
  ICICIDirect Geojit
DP Source CDSL CDSL
DP ID ICICIDirect vs Geojit - DP ID 14300 48900
Demat Account Annual Maintenance Charges(AMC) ₹700 pa ₹600 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) 0.02% of transaction value (Max ₹40) + CDSL charges
Demat ₹50 per set up ₹100 per demat request max 5 + ₹20 each additional certificate
Remat ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹10 per certificate or ₹10 per certificate which ever is higher + ₹35 courier charges
Pledge Creation 0.02% (Min ₹35 and Max ₹25,000) ₹50 per transaction
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) ₹50 per transaction
Failed Instruction Charges ₹30 per transaction Nil
Other Charges Nil Nil
Expand

Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs Geojit on Special Offers and Promotion

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

Compare ICICIDirect vs Geojit on Special Offers and Promotion
  ICICIDirect Geojit
Pay In and Pay Out Options ICICIDirect vs Geojit - 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 SELFIE Trading Platform.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time ICICIDirect vs Geojit - Payout Time Instant to ICICI Bank. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges ICICIDirect vs Geojit - 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...

  • Trade and invest in stocks, derivatives, commodities, and currencies.
  • Zero account opening charges and Zero AMC.
  • 3-in-1 account opening.
  • Invest in smartfolios, a basket of stocks.
  • Diversify your portfolio with global investment.
  • In-depth stocks and mutual fund research access for free.
  • STEPS, comprehensive financial planning, and investment advisory
  • Apply for IPO and invest in mutual funds.
  • Secure & user-friendly SELFIE superfast platform in web, app, and desktop versions.
  • FundsGenie, a dedicated mutual fund app platform.
  • Great quality customer care support.
  • 4x exposure on Margin trading facility (MTF).
  • Place buy and sell GTT order.
  • Loans against shares.

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...

  • Geojit charges relatively high brokerage compared to other full-service brokers like Angel One, Edelweiss.
  • FundsGenie mutual fund app is not available for iOS platform users.

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