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ICICIDirect Vs Nuvama Wealth: 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 Nuvama Wealth ranges between Rs 10. ICICIDirect is a Full Service Broker where Nuvama Wealth is a Discount Broker. ICICIDirect is having overall higher rating compare to Nuvama Wealth. ICICIDirect is rated 4 out of 5 where Nuvama Wealth is rated only 3.5 out of 5. Number of active customer for ICICIDirect is 18,75,350 where number of active customer for Nuvama Wealth is 1,74,748. ICICIDirect is serving more customer compare to Nuvama Wealth.

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

  ICICIDirect Compare
ICICIDirect
Nuvama Wealth Compare
Nuvama Wealth
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 18,75,350 1,74,748
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 One of the leading full-service brokerage firms with a long-standing track record since 2008 offering Free Nuvama Wealth Demat & Trading account + Trade at Rs. 10 flat brokerage charges + free experts research & advisory + Get access to the i...Know more about Nuvama Wealth
Broker Enquiry Request call back from Zerodha Request call back from Nuvama Wealth
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Account Opening Charges and AMC

Compare ICICIDirect vs Nuvama Wealth on Trading & Demat Account Opening Charges

Comparison of ICICIDirect with Nuvama Wealth 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 Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect with Nuvama Wealth
Charges ICICIDirect Nuvama Wealth
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 300 per annum Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]
Provide DP Service Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs Nuvama Wealth on Plan Options

Plans are the most important feature you look when compare ICICIDirect with Nuvama Wealth. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers provides Multiple Plans. You have option to select plan as per your trading streategy.. Monthly Plans - Both the brokers don't have Monthly Plans.

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

Account Opening

  Zerodha Nuvama Wealth
Account Opening Request
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Brokerage Charges

Compare ICICIDirect vs Nuvama Wealth 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.

Nuvama Wealth Brokerage Plan detail - This plan is available to Online users only. With this plan, Nuvama Wealth is preparing for competition with Discount brokers. Account opening is free and No Demat AMC with this plan.

Brokerage Charges - Compare ICICIDirect with Nuvama Wealth
Brokerage Charges Compare ICICIDirect Nuvama Wealth
Plan Name NEO Flat Discount Brokerage Plan Nuvama Lite
Equity Delivery 0.55% Flat Rs. 10 per executed order
Equity Intraday Flat Rs. 20 per order Flat Rs. 10 per executed order
Equity Futures Free (Rs. 0 brokerage) Flat Rs. 10 per executed order
Equity Options Flat Rs. 20 per order Flat Rs. 10 per executed order
Currency Futures Flat Rs. 20 per order Flat Rs. 10 per executed order
Currency Options Flat Rs. 20 per order Flat Rs. 10 per executed order
Commodity Trading Flat Rs. 20 per order 0.01%
Minimum Brokerage Rs 35 per trade NIL
Hidden Charges Yes Info Not Available
Funding Yes - 18% interest PA Yes - 24% interest PA
Call & Trade Charges First 20 call free and Rs 25 there onwards. Rs 20 per call
Auto Square off Charges First 20 call free and Rs 25 there onwards. Rs 20
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for Nuvama Wealth
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Share Broker's Transaction Charges

Compare ICICIDirect vs Nuvama Wealth on Transaction Charges

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

Transaction Charges - Compare ICICIDirect with Nuvama Wealth
Transaction Charges Compare ICICIDirect Nuvama Wealth
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 nuvama-wealth
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Account Features

Compare ICICIDirect vs Nuvama Wealth on Account Features

Compare ICICIDirect with Nuvama Wealth 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 Nuvama Wealth offers only 2-in-1 account which includes trading and demat account. Algo Trading - Nuvama Wealth 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 Nuvama Wealth
Account Features Compare ICICIDirect Nuvama Wealth
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 Yes
Other Features NIL NIL
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Trading Platform

Compare ICICIDirect vs Nuvama Wealth on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect and Nuvama Wealth. 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 Nuvama Wealth
Trading Platform Compare ICICIDirect Nuvama Wealth
Desktop Trading Platform Trade Racer Xtreme Trader
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://tlounge.edelweiss.in/Login
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App ICICI direct Mobile Nuvama Mobile Trader
Mobile Trading App Demo ICICI direct Mobile Demo Nuvama Mobile Trader Demo
Android Mobile App Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod Nuvama Mobile Trader Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS ICICI direct Mobile Download iOS Nuvama Mobile Trader 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 Nuvama Wealth
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for Nuvama Wealth
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for Nuvama Wealth
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for nuvama-wealth

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Broker Ratings by Users

Compare ICICIDirect vs Nuvama Wealth on User Rating

  ICICIDirect Nuvama Wealth
  267 Customer Reviews    Rate ICICIDirect 4 Customer Reviews    Rate Nuvama Wealth
Fees Ratings 2.4 2.8
Trading Brokerage Rating 1.8 3.0
Trading Platform Usability 3.3 3.5
Customer Service Ratings 2.9 1.8
Overall Ratings 2.5 2.0
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews
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Investment Offerings

Compare ICICIDirect vs Nuvama Wealth on Investment Offerings

Compare ICICIDirect with Nuvama Wealth 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 - Nuvama Wealth 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 Nuvama Wealth
Investment Offerings Compare ICICIDirect Nuvama Wealth
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 NIL
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Order Types

Compare ICICIDirect vs Nuvama Wealth on Order Types

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

Order Types - Compare ICICIDirect with Nuvama Wealth
Order Type Compare ICICIDirect Nuvama Wealth
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
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 Nuvama Wealth on Customer Service

Compare ICICIDirect with Nuvama Wealth 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 Nuvama Wealth
Customer Service Compare ICICIDirect Nuvama Wealth
24/7 Customer Service ICICIDirect vs Nuvama Wealth - 24x7 customer support No No
Email Support ICICIDirect vs Nuvama Wealth - Email Support Yes Yes
Onine Live Chat ICICIDirect vs Nuvama Wealth - Onine Live Chat No No
Phone Support ICICIDirect vs Nuvama Wealth - Phone Support Yes Yes
Toll Free Number ICICIDirect vs Nuvama Wealth - Toll Free Number No Yes
Through Branches ICICIDirect vs Nuvama Wealth - Through Branches Yes Yes
Customer Care Number ICICIDirect vs Nuvama Wealth - Customer Care Number 1860 123 1122 1800 102 3335
Account Opening Process ICICIDirect vs Nuvama Wealth - Account Opening Process Online Online/Paperless
Customer Support Email ICICIDirect vs Nuvama Wealth - Customer Support Email [email protected] [email protected]
Knowledge Center/Education ICICIDirect vs Nuvama Wealth - Knowledge Center/Education https://www.icicidirect.com/knowledge-center https://www.nuvamawealth.com/investology
Head Office Address ICICIDirect vs Nuvama Wealth - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai - 400020
Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Website ICICIDirect vs Nuvama Wealth - Company Website https://www.icicidirect.com https://www.nuvamawealth.com/
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Tips/Research/Reports Published

Compare ICICIDirect vs Nuvama Wealth on Research Reports, Tips

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

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

Compare ICICIDirect vs Nuvama Wealth on Demat Account

Compare ICICIDirect with Nuvama Wealth 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 Nuvama Wealth is Free (₹1500 one time charges) where for ICICIDirect is ₹700 pa. Nuvama Wealth 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 Nuvama Wealth is 0.02% of transaction value or ₹20 per transaction 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 Nuvama Wealth
  ICICIDirect Nuvama Wealth
DP Source CDSL CDSL
DP ID ICICIDirect vs Nuvama Wealth - DP ID 14300 19100
Demat Account Annual Maintenance Charges(AMC) ₹700 pa Free (₹1500 one time charges)
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 or ₹20 per transaction whichever is higher
Demat ₹50 per set up ₹2 per certificate + ₹30 courier charges
Remat ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges
Pledge Creation 0.02% (Min ₹35 and Max ₹25,000) 0.02% of transaction value (Min ₹50)
Pledge Creation Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Closure 0.02% (Min ₹35 and Max ₹25,000) 0.02% of transaction value (Min ₹50)
Pledge Closure Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Invocation 0.02% (Min ₹35 and Max ₹25,000) 0.02% of transaction value (Min ₹50)
Failed Instruction Charges ₹30 per transaction Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs Nuvama Wealth on Special Offers and Promotion

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

Compare ICICIDirect vs Nuvama Wealth on Special Offers and Promotion
  ICICIDirect Nuvama Wealth
Pay In and Pay Out Options ICICIDirect vs Nuvama Wealth - 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 Terminal X3,Nuvama Web,Mobile Trader.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time ICICIDirect vs Nuvama Wealth - Payout Time Instant to ICICI Bank. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges ICICIDirect vs Nuvama Wealth - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Direct from your ICICI bank account. Nuvama Wealth,
Account Number:EBL1XXXXXXXXX
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
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...

  • Multiple products; equity, derivatives, IPO, mutual funds, bonds, debt instruments.
  • Trade at Rs 10/order flat brokerage
  • Free Guided Portfolio, an expert-curated basket for investors
  • User-friendly interface of Markets mobile app and TX3 terminal
  • Get free expert research reports and trading tips.
  • Place bracket order, cover order, and GTD order.
  • Investology, is a stock market learning platform for beginners to experts.
  • Margin trading facility.
  • Decent physical presence with branches

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...

  • NRI trading is not offered.
  • No 3-in-1 account opening services
  • Call & trade and research services are available at additional cost in Lite plan.
  • Brokerage charges are high in the Elite % based pricing plan.

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 Nuvama Wealth Account Now>>

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