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ICICIDirect Vs Sharekhan: 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 Sharekhan ranges between 0.1 to 0.5%. 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 20,05,773 where number of active customer for Sharekhan is 6,47,062. ICICIDirect is serving more customer compare to Sharekhan.

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

	ICICIDirect	Sharekhan
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type	Full Service Broker	Full Service Broker
Exchanges Supported	NSE, BSE, MCX	BSE, NSE, MCX, NCDEX
Active Clients	20,05,773	6,47,062
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...	Sharekhan is part of the top 10 brokers in India serving 7.5 lakh+ active customers. Powerful Trade Tiger desktop trading terminal, free research & advisory, portfolio management services, and exceptionally great customer services with dedicated ...
Broker Enquiry

Account Opening Charges and AMC

Compare ICICIDirect vs Sharekhan on Trading & Demat Account Opening Charges

Comparison of ICICIDirect with Sharekhan 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 Sharekhan charges Rs 400 PA (Waived for first 3 year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect with Sharekhan

Charges	ICICIDirect	Sharekhan
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 (Waived for first 3 year)
Provide DP Service

About Brokerage Plans

Compare ICICIDirect vs Sharekhan on Plan Options

Plans are the most important feature you look when compare ICICIDirect with Sharekhan. 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 Sharekhan on Plan Options

Plan Types	ICICIDirect	Sharekhan
Multiple Plans
Monthly Plans
Yearly Plans

Account Opening Request

Account Opening

Brokerage Charges

Compare ICICIDirect vs Sharekhan 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.

Sharekhan Brokerage Plan detail - Sharekhna have % base brokerage plan. They have one of the best plan for in Currency future. Equity Intraday, Future & Option and commodities trading prices are on higher range and Equity Delivery trading is on average brokerage level with compare to other full service brokers. No Minimum brokerage.

Share Broker's Transaction Charges

Compare ICICIDirect vs Sharekhan on Transaction Charges

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

Account Features

Compare ICICIDirect vs Sharekhan on Account Features

Compare ICICIDirect with Sharekhan 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 Sharekhan 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 Sharekhan

Account Features Compare	ICICIDirect	Sharekhan
3 in 1 Account
Charting
Algo Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Intraday Square-off Time	3:15PM	3:15PM
NRI Trading
Other Features	NIL	NIL

Trading Platform

Compare ICICIDirect vs Sharekhan on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect and Sharekhan. 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 Sharekhan

Trading Platform Compare	ICICIDirect	Sharekhan
Desktop Trading Platform	Trade Racer	TradeTiger
Desktop Demo	Desktop Demo	Desktop Demo
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detail	https://www.icicidirect.com	https://www.sharekhan.com/
Web Trading Demo	Web Trading Demo	Web Trading Demo
Mobile Site
Mobile Trading
Mobile Trading App	ICICI direct Mobile	Sharekhan
Mobile Trading App Demo	ICICI direct Mobile Demo	Sharekhan Demo
Android Mobile App
Android App Download	Andriod ICICI direct Mobile Download	Andriod Sharekhan Download
iPhone Mobile App (IOS)
iOS App Download	iOS ICICI direct Mobile Download	iOS Sharekhan Download
Android Tablet App
iPad App (IOS)
Trading Software Charges	Free	Free
Equity Brokerage Calculator	Equity Intraday and Delivery Brokerage Calculator for ICICIDirect	Equity Intraday and Delivery Brokerage Calculator for Sharekhan
Futures Brokerage Calculator	Futures Brokerage Calculator for ICICIDirect	Futures Brokerage Calculator for Sharekhan
Options Brokerage Calculator	Options Brokerage Calculator for ICICIDirect	Options Brokerage Calculator for Sharekhan
Detail	Detail on Trading Platforms for icicidirect	Detail on Trading Platforms for sharekhan

Broker Ratings by Users

Compare ICICIDirect vs Sharekhan on User Rating

	ICICIDirect	Sharekhan
	267 Customer Reviews	184 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating	ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews	Sharekhan is Rated 3.6 / 5 based on 184 customer reviews

Investment Offerings

Compare ICICIDirect vs Sharekhan on Investment Offerings

Compare ICICIDirect with Sharekhan 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 - Sharekhan 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 Sharekhan

Investment Offerings Compare	ICICIDirect	Sharekhan
Equity Cash and F&O
Currency Deravitives
Commodity
Online IPO Application
Mutual Funds
Bond / NCD
ETF
Banking
Insurance
Forex
MF SIP Investment
Equity SIP Investment
PMS Service
Other Investment Options	NIL	NIL

Order Types

Compare ICICIDirect vs Sharekhan on Order Types

Order Type - Compare ICICIDirect with Sharekhan 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) - Sharekhan 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 Sharekhan

Order Type Compare	ICICIDirect	Sharekhan
CNC order
MIS order
NRML order
Cover order
Bracket order
AMO-After Market Orders
GTC-Good Till Cancelled

Customer Service Offered

Compare ICICIDirect vs Sharekhan on Customer Service

Compare ICICIDirect with Sharekhan 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 Sharekhan

Customer Service Compare	ICICIDirect	Sharekhan
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
Customer Care Number	1860 123 1122	1800227500
Account Opening Process	Online	Offline
Customer Support Email	[email protected]	[email protected]
Knowledge Center/Education	https://www.icicidirect.com/knowledge-center	https://www.sharekhan.com/help/hello
Head Office Address	ICICI Centre, H.T. Parekh Marg, Churchgate, Mumbai - 400020	Sharekhan Limited, 10th Floor, Beta Building, Lodha iThink Techno Campus, Kanjurmarg (East), Mumbai-MH- 400042
Website	https://www.icicidirect.com	https://www.sharekhan.com

Tips/Research/Reports Published

Compare ICICIDirect vs Sharekhan on Research Reports, Tips

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

Research Reports - Compare ICICIDirect with Sharekhan

	ICICIDirect	Sharekhan
Research Mutual Funds
Research Equity Reports
Research ETF
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Demat Account

Compare ICICIDirect vs Sharekhan on Demat Account

Compare ICICIDirect with Sharekhan 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 Sharekhan is ₹500 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 Sharekhan is 0.03% (Min ₹30) + ₹5.50 (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 Sharekhan

	ICICIDirect	Sharekhan
DP Source	CDSL	CDSL
DP ID	14300	36000
Demat Account Annual Maintenance Charges(AMC)	₹700 pa	₹500 pa
Advance Deposit	Rs. 7500/- , If the client is not having ICICI BANK Account	Rs. 500 Advance which will be adjusted against billing (Optional) .Tariff D-"Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure)
Statutory charges	Nil	Actual Stamp Paper Charges
Transaction Charges on Debit (Per ISIN)	0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges)	0.03% (Min ₹30) + ₹5.50 (CDSL Charges)
Demat	₹50 per set up	₹5 per certificate (Min 50 per request)
Remat	₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction	₹50 per certificate or ₹50 for every hundred securities
Pledge Creation	0.02% (Min ₹35 and Max ₹25,000)	0.03% (Min ₹100)
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	Freeze/De-freeze - ₹25 per transaction Stock lending & Borrowing - 0.02% of the value of the transaction per request (minimum ₹100) Client Master changes ₹30 per request

Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs Sharekhan on Special Offers and Promotion

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

Compare ICICIDirect vs Sharekhan on Special Offers and Promotion

	ICICIDirect	Sharekhan
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 funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from RelianceSmartMoney platform. Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time	Instant to ICICI Bank.	Max 24 hrs except bank holidays
Bank Supported and Charges	Info Not Available	Info Not Available
Bank Detail	Direct from your ICICI bank account.	Sharekhan Limited Account No.:9035<> SK21<> Bank:YES BANK Branch:MUMBAI Account Type:CURRENT IFSC Code:YESB0000001
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...	Free account opening facility at zero fees. Multiple brokerage plans for traders and investors. In-house easy-to-use modern-technology web, app, and terminal-based trading platforms. Free mutual fund investment at Rs. 0 brokerage. Sharekhan NEO, a mutual fund Robo-advisory platform. Intraday trading tips, recommendations, and stock market research & advisory Invest in the basket of stocks (portfolio) and get timely recommendations. Margin trading facility, portfolio management services, and loan against securities. Free call and trade facility to customers. Place bracket order, basket order, aftermarket order, and Good Till Date (GTD) order. Free learning resources (Sharekhan classroom, articles & blogs) for stock market education. A dedicated team of 7500+ relationship managers. 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...	It doesn’t allow opening a 3-in-1 account. High brokerage charge is the biggest drawback to trading with Sharekhan. Direct mutual fund schemes are unavailable on the InstaMF platform. Its fee structure is not transparent. 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 Sharekhan Account Now>>