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ICICIDirect Vs Indira Securities: 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 Indira Securities ranges between 0.01% to 0.10%. 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 18,75,186 where number of active customer for Indira Securities is 8,455. ICICIDirect is serving more customer compare to Indira Securities.

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

  ICICIDirect Compare
ICICIDirect
Indira Securities Compare
Indira 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, MCX
Active Clients 18,75,186 8,455
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 Indira Securities account and trade Faster and Smarter with Trade Insta Mobile app and Trader Terminal platform. Algo trading, free research calls & trading tips, portfolio management services, and mutual fund robotic advisory are the...Know more about Indira 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 Indira Securities on Trading & Demat Account Opening Charges

Comparison of ICICIDirect with Indira Securities 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 Indira Securities charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect with Indira Securities
Charges ICICIDirect Indira Securities
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 300 per annum Rs 400 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs Indira Securities on Plan Options

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

Compare ICICIDirect with Indira Securities on Plan Options
Plan Types ICICIDirect Indira 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 Indira 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.

Indira Securities Brokerage Plan detail - Indira Trade offers a fixed % based brokerage plan to customers.

Brokerage Charges - Compare ICICIDirect with Indira Securities
Brokerage Charges Compare ICICIDirect Indira Securities
Plan Name NEO Flat Discount Brokerage Plan Traditional Brokerage Plan
Equity Delivery 0.55% 0.10%
Equity Intraday Flat Rs. 20 per order 0.01%
Equity Futures Free (Rs. 0 brokerage) 0.01%
Equity Options Flat Rs. 20 per order Rs. 25 per lot (both side)
Currency Futures Flat Rs. 20 per order Flat Fee Rs 20
Currency Options Flat Rs. 20 per order Futures: 0.01%|Options: Rs. 25 per lot (both side)
Commodity Trading Flat Rs. 20 per order Futures: 0.01%|Options: Rs. 25 per lot (both side)
Minimum Brokerage Rs 35 per trade NA
Hidden Charges Yes Info Not Available
Funding Yes - 18% interest PA Yes - 18% 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 Indira Securities
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Share Broker's Transaction Charges

Compare ICICIDirect vs Indira Securities on Transaction Charges

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

Transaction Charges - Compare ICICIDirect with Indira Securities
Transaction Charges Compare ICICIDirect Indira 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 Non-Agri Rs 260| Agri Rs 600 Per Cr
Brokerage Charges Complete Brokerage Plans for icicidirect Complete Brokerage Plans for indira-securities
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Account Features

Compare ICICIDirect vs Indira Securities on Account Features

Compare ICICIDirect with Indira Securities 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 Indira Securities offers only 2-in-1 account which includes trading and demat account. Algo Trading - Indira Securities 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 Indira Securities
Account Features Compare ICICIDirect Indira Securities
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 No
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 Indira Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect and Indira 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 Indira Securities
Trading Platform Compare ICICIDirect Indira Securities
Desktop Trading Platform Trade Racer ODIN Diet
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://www.indiratrade.com/trade-online
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App ICICI direct Mobile TradeInsta
Mobile Trading App Demo ICICI direct Mobile Demo TradeInsta Demo
Android Mobile App Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod TradeInsta Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS ICICI direct Mobile Download iOS TradeInsta 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 Indira Securities
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for Indira Securities
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for Indira Securities
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for indira-securities

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Broker Ratings by Users

Compare ICICIDirect vs Indira Securities on User Rating

  ICICIDirect Indira Securities
  267 Customer Reviews    Rate ICICIDirect 1 Customer Reviews    Rate Indira Securities
Fees Ratings 2.4 2.0
Trading Brokerage Rating 1.8 4.0
Trading Platform Usability 3.3 2.0
Customer Service Ratings 2.9 2.0
Overall Ratings 2.5 3.0
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews Indira Securities is Rated 3.0 / 5 based on 1 customer reviews
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Investment Offerings

Compare ICICIDirect vs Indira Securities on Investment Offerings

Compare ICICIDirect with Indira 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 - Indira Securities 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 Indira Securities doesn't offer

Investment Offerings - Compare ICICIDirect with Indira Securities
Investment Offerings Compare ICICIDirect Indira Securities
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 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 Indira Securities on Order Types

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

Compare ICICIDirect with Indira 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 Indira Securities
Customer Service Compare ICICIDirect Indira Securities
24/7 Customer Service ICICIDirect vs Indira Securities - 24x7 customer support No Yes
Email Support ICICIDirect vs Indira Securities - Email Support Yes Yes
Onine Live Chat ICICIDirect vs Indira Securities - Onine Live Chat No Yes
Phone Support ICICIDirect vs Indira Securities - Phone Support Yes Yes
Toll Free Number ICICIDirect vs Indira Securities - Toll Free Number No Yes
Through Branches ICICIDirect vs Indira Securities - Through Branches Yes Yes
Customer Care Number ICICIDirect vs Indira Securities - Customer Care Number 1860 123 1122 +91-(0)731-4797105/115/146
Account Opening Process ICICIDirect vs Indira Securities - Account Opening Process Online Online/Paperless
Customer Support Email ICICIDirect vs Indira Securities - Customer Support Email [email protected] [email protected]
Knowledge Center/Education ICICIDirect vs Indira Securities - Knowledge Center/Education https://www.icicidirect.com/knowledge-center https://www.indiratrade.com/blog
Head Office Address ICICIDirect vs Indira Securities - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai - 400020
  • Registered Office


    Indira House,
    3rd Floor, 5 Topiwala Lane,
    Opp.Lamington Road Police Station,
    Grant Road (East),
    Mumbai - 400007.
  • Corporate Office


    Indira Securities Pvt Ltd
    204 Amar Darshan,
    28/02, Old Palasia,
    Indore - 452018
Website ICICIDirect vs Indira Securities - Company Website https://www.icicidirect.com https://www.indiratrade.com/
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Tips/Research/Reports Published

Compare ICICIDirect vs Indira Securities on Research Reports, Tips

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

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

Compare ICICIDirect vs Indira Securities on Demat Account

Compare ICICIDirect with Indira 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 Indira Securities 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 Indira Securities is ₹20 or 0.02% whichever is higher.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 Indira Securities
  ICICIDirect Indira Securities
DP Source CDSL CDSL
DP ID ICICIDirect vs Indira Securities - DP ID 14300 752000
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) ₹20 or 0.02% whichever is higher
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 ₹50 per RRN
Pledge Creation 0.02% (Min ₹35 and Max ₹25,000) ₹50
Pledge Creation Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Closure 0.02% (Min ₹35 and Max ₹25,000) ₹50
Pledge Closure Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Invocation 0.02% (Min ₹35 and Max ₹25,000) ₹50 or 0.02% whichever is higher
Failed Instruction Charges ₹30 per transaction ₹25
Other Charges Nil Book Charges ₹20,POA Charges ₹130
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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs Indira Securities on Special Offers and Promotion

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

Compare ICICIDirect vs Indira Securities on Special Offers and Promotion
  ICICIDirect Indira Securities
Pay In and Pay Out Options ICICIDirect vs Indira 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, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from TradeInsta.

Pay-out/Fund Withdrawal - Bank Transfer only

Payout Time ICICIDirect vs Indira Securities - Payout Time Instant to ICICI Bank.

Max 24 hrs except bank holidays

Bank Supported and Charges ICICIDirect vs Indira Securities - Bank Supported and Charges Info Not Available

Around 25 banks allow instant credit facility with charges of Rs 9 from IndiraTrade trading platform (TradeInsta).

Bank Detail Direct from your ICICI bank account. HDFC Bank
Account#00360340002251
Branch: U.V.HOUSE SOUTH TUKOGANJ, INDORE, MP
IFSC Code:HDFC0000036
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 in shares, derivatives, commodities, and currencies.
  • Paperless account opening at zero charges.
  • Invest in mutual funds online.
  • Safe & secure trading platform; Trade Insta app and Trader Terminal.
  • Free stock trading tips, and research & advisory.
  • Automated trading and robotic advisory services.
  • Free call & trade
  • Place advance order like bracket order, cover order, after market order.
  • Refer & earn benefits.
  • Margin trading facility.

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...

  • 24*7 customer support is not available.
  • You cannot open a 3-in-1 account with Indira Securities.
  • It doesn’t facilitate NRI trading services.
  • High brokerage charges compared to other brokers.
  • MF Planet platform only provides regular mutual fund schemes.

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. Open a Free demat and Trading Account with Indira Securities and Trade at a Flat Fee Rs 20 Per Order.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

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