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ICICIDirect Vs Marwadi Group: 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 Marwadi Group ranges between 0.06% to 0.30%. Both the brokers are Full Service brokers. ICICIDirect is having overall higher rating compare to Marwadi Group. ICICIDirect is rated 4 out of 5 where Marwadi Group is rated only 3.5 out of 5. Number of active customer for ICICIDirect is 18,75,186 where number of active customer for Marwadi Group is 1,23,370. ICICIDirect is serving more customer compare to Marwadi Group.

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

  ICICIDirect Compare
ICICIDirect
Marwadi Group Compare
Marwadi Group
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 1,23,370
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 & trading account with Marwadi Financial to trade and invest across multiple asset classes on the user-friendly web, app, and desktop platforms, access free research & advisory, and portfolio management services.
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Account Opening Charges and AMC

Compare ICICIDirect vs Marwadi Group on Trading & Demat Account Opening Charges

Comparison of ICICIDirect with Marwadi Group 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 Marwadi Group charges Rs 250 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect with Marwadi Group
Charges ICICIDirect Marwadi Group
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 300 per annum Rs 250 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs Marwadi Group on Plan Options

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

Compare ICICIDirect with Marwadi Group on Plan Options
Plan Types ICICIDirect Marwadi Group
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 Marwadi Group 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.

Marwadi Group Brokerage Plan detail - This is a standard plan by the Marwadi Group. This is a percentage-based brokerage plan.

Brokerage Charges - Compare ICICIDirect with Marwadi Group
Brokerage Charges Compare ICICIDirect Marwadi Group
Plan Name NEO Flat Discount Brokerage Plan Basic Trading Plan (Percentage Based)
Equity Delivery 0.55% 0.30%
Equity Intraday Flat Rs. 20 per order 0.06%
Equity Futures Free (Rs. 0 brokerage) 0.02%
Equity Options Flat Rs. 20 per order Rs 100 Per Lot
Currency Futures Flat Rs. 20 per order 0.02%
Currency Options Flat Rs. 20 per order Rs 100 Per Lot
Commodity Trading Flat Rs. 20 per order Rs 100 Per Lot
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. NA
Auto Square off Charges First 20 call free and Rs 25 there onwards. NA
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for Marwadi Group
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Share Broker's Transaction Charges

Compare ICICIDirect vs Marwadi Group on Transaction Charges

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

Transaction Charges - Compare ICICIDirect with Marwadi Group
Transaction Charges Compare ICICIDirect Marwadi Group
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 marwadi-group
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Account Features

Compare ICICIDirect vs Marwadi Group on Account Features

Compare ICICIDirect with Marwadi Group 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 Marwadi Group offers only 2-in-1 account which includes trading and demat account. Algo Trading - Marwadi Group 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 - ICICIDirect offers NRI where Marwadi Group doesn't offers NRI Trading.

Account Features - ICICIDirect with Marwadi Group
Account Features Compare ICICIDirect Marwadi Group
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 3:15PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare ICICIDirect vs Marwadi Group on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect and Marwadi Group. 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 Marwadi Group
Trading Platform Compare ICICIDirect Marwadi Group
Desktop Trading Platform Trade Racer Marwadi ODIN Diet
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://mtrade.marwadionline.com/html5/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App ICICI direct Mobile MSFL Connect
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 MSFL Connect Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS ICICI direct Mobile Download iOS MSFL Connect 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 Marwadi Group
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for Marwadi Group
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for Marwadi Group
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for marwadi-group

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Broker Ratings by Users

Compare ICICIDirect vs Marwadi Group on User Rating

  ICICIDirect Marwadi Group
  267 Customer Reviews    Rate ICICIDirect 3 Customer Reviews    Rate Marwadi Group
Fees Ratings 2.4 2.7
Trading Brokerage Rating 1.8 2.3
Trading Platform Usability 3.3 2.0
Customer Service Ratings 2.9 2.3
Overall Ratings 2.5 2.7
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews Marwadi Group is Rated 2.7 / 5 based on 3 customer reviews
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Investment Offerings

Compare ICICIDirect vs Marwadi Group on Investment Offerings

Compare ICICIDirect with Marwadi Group 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 - Marwadi Group 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 Marwadi Group doesn't offer

Investment Offerings - Compare ICICIDirect with Marwadi Group
Investment Offerings Compare ICICIDirect Marwadi Group
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 No
PMS Service Yes No
Other Investment Options NIL Life & General Insurance
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Order Types

Compare ICICIDirect vs Marwadi Group on Order Types

Order Type - Compare ICICIDirect with Marwadi Group 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 Marwadi Group 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 Marwadi Group doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare ICICIDirect with Marwadi Group
Order Type Compare ICICIDirect Marwadi Group
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 Marwadi Group on Customer Service

Compare ICICIDirect with Marwadi Group 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 Marwadi Group
Customer Service Compare ICICIDirect Marwadi Group
24/7 Customer Service ICICIDirect vs Marwadi Group - 24x7 customer support No No
Email Support ICICIDirect vs Marwadi Group - Email Support Yes Yes
Onine Live Chat ICICIDirect vs Marwadi Group - Onine Live Chat No No
Phone Support ICICIDirect vs Marwadi Group - Phone Support Yes Yes
Toll Free Number ICICIDirect vs Marwadi Group - Toll Free Number No No
Through Branches ICICIDirect vs Marwadi Group - Through Branches Yes Yes
Customer Care Number ICICIDirect vs Marwadi Group - Customer Care Number 1860 123 1122 +91-281-6192000/+91-281-7174000
Account Opening Process ICICIDirect vs Marwadi Group - Account Opening Process Online Info Not Available
Customer Support Email ICICIDirect vs Marwadi Group - Customer Support Email [email protected] [email protected]
Knowledge Center/Education ICICIDirect vs Marwadi Group - Knowledge Center/Education https://www.icicidirect.com/knowledge-center https://www.marwadionline.com/blog/
Head Office Address ICICIDirect vs Marwadi Group - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai - 400020
Info Not Available
Website ICICIDirect vs Marwadi Group - Company Website https://www.icicidirect.com https://www.marwadionline.com/
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Tips/Research/Reports Published

Compare ICICIDirect vs Marwadi Group on Research Reports, Tips

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

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

Compare ICICIDirect vs Marwadi Group on Demat Account

Compare ICICIDirect with Marwadi Group 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 Marwadi Group is ₹250 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 Marwadi Group is ₹25.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 Marwadi Group
  ICICIDirect Marwadi Group
DP Source CDSL CDSL
DP ID ICICIDirect vs Marwadi Group - DP ID 14300 No
Demat Account Annual Maintenance Charges(AMC) ₹700 pa ₹250 pa
Advance Deposit Rs. 7500/- , If the client is not having ICICI BANK Account NA-NA-NA-NA-NA-NA-NA-2250#-3600#-NA-NA-NA-2250#-2250#-NA-NA
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) ₹25
Demat ₹50 per set up ₹3 per certificate
Remat ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹25 per certificate
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) ₹20
Pledge Closure Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Invocation 0.02% (Min ₹35 and Max ₹25,000) ₹25
Failed Instruction Charges ₹30 per transaction ₹15
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs Marwadi Group on Special Offers and Promotion

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

Compare ICICIDirect vs Marwadi Group on Special Offers and Promotion
  ICICIDirect Marwadi Group
Pay In and Pay Out Options ICICIDirect vs Marwadi Group - 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 Marwadi Group - Payout Time Instant to ICICI Bank. Info Not Available
Bank Supported and Charges ICICIDirect vs Marwadi Group - 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 on BSE, NSE, and MCX.
  • Zero account opening fees.
  • Invest in IPO, mutual funds, insurance, and smartcase portfolios.
  • User-friendly trading platforms.
  • Get best-in-class in-depth research insights for all segments.
  • 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...

  • Non-transparent brokerage charges.
  • Minimum brokerage fee of Rs 20 to Rs 25 per trade, when the trade value is low.
  • Major presence in the Gujarat state only.

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