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ICICIDirect Vs Fyers Vs Alice Blue: Which one is better?

The brokerage of ICICIDirect ranges between Rs. 20, the brokerage of Fyers ranges between Rs 20, while the brokerage of Alice Blue ranges between Rs 15. The broker Fyers and Alice Blue are a discount brokers where ICICIDirect is a full service broker. Overall rating for ICICIDirect is 4, Fyers is rated 4, Alice Blue is rated 4 out of 5.

Here we present side-by-side comparison of ICICIDirect vs Fyers vs Alice Blue stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared ICICIDirect vs Fyers vs Alice Blue on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better ICICIDirect vs Fyers vs Alice Blue in this setion with 360 degree view of broker information.

Compare ICICIDirect vs Fyers vs Alice Blue on Service

  ICICIDirect Compare
ICICIDirect
Fyers Compare
Fyers
Alice Blue Compare
Alice Blue
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Full Service Broker Discount Broker Discount Broker
Exchanges Supported NSE, BSE, MCX BSE, NSE, MCX BSE, NSE, MCX, NCDEX
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 Fyers is one of India's most popular brokers thanks to its best-in-class technology platforms, user-friendly interface (Fyers 2.0 app, Fyers Next, and Fyers One terminal), ultra-low brokerage (Rs 20/order), lowest NRI trading (Rs 50/order) and free i...Know more about Fyers Trade smarter with Alice Blue! Yes, its Rs 15 maximum brokerage, free equity and mutual fund investment, top-rated ANT trading platforms, and plethora of learning resources make it an excellent broker for beginners and seasoned traders.
Broker Enquiry Request call back from Zerodha Request call back from Fyers Request call back from Alice Blue
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Account Opening Charges and AMC

Compare ICICIDirect vs Fyers vs Alice Blue on Trading & Demat Account Opening Charges

In this section we have compared ICICIDirect vs Fyers vs Alice Blue on trading & demat account opening charges and AMC. Trading account opening charges - All 3 brokers offers Free Trading account opening. Demat AMC charges - ICICIDirect charges Rs 300 per annum as AMC for Demat account, Fyers charges Free AMC for Demat account, where Alice Blue charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect vs Fyers vs Alice Blue
Charges ICICIDirect Fyers Alice Blue
Trading Account Opening Fees Free Free Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 300 per annum Free Rs 400 PA
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs Fyers vs Alice Blue on Plan Options

Plans are the most important feature you look when compare ICICIDirect vs Fyers vs Alice Blue. This section copare on high level about type of plans offered by brokers. Miltiple Plans - ICICIDirect and Alice Blue offers Multiple Plans where Fyers doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.

Compare ICICIDirect vs Fyers vs Alice Blue on Plan Options
Plan Types ICICIDirect Fyers Alice Blue
Multiple Plans Yes No Yes
Monthly Plans No No No
Yearly Plans No No No
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Account Opening Request

Account Opening

  Zerodha Fyers Alice Blue
Account Opening Request
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Brokerage Charges

Compare ICICIDirect vs Fyers vs Alice Blueon 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.

Fyers Brokerage Plan detail - Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments.

Alice Blue Brokerage Plan detail - Lowest Brokerage Plan - Max Rs 15 per Trade for Equity Intraday, Derivatives, Currency and Commodities. From May 2021, the F20 plan becomes the F15 plan.

Brokerage Charges - Compare ICICIDirect vs Fyers vs Alice Blue
Brokerage Charges Compare ICICIDirect Fyers Alice Blue
Plan Name NEO Flat Discount Brokerage Plan Max Rs 20 Per Order Trading Plan F15 Plan
Equity Delivery 0.55% Free Free
Equity Intraday Flat Rs. 20 per order 0.03% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower
Equity Futures Free (Rs. 0 brokerage) 0.03% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower
Equity Options Flat Rs. 20 per order Flat Fee Rs 20 Flat Fee Rs 15
Currency Futures Flat Rs. 20 per order 0.03% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower
Currency Options Flat Rs. 20 per order Flat Fee Rs 20 Flat Fee Rs 15
Commodity Trading Flat Rs. 20 per order Flat Fee Rs 20 Flat Fee Rs 15
Minimum Brokerage Rs 35 per trade NA
Hidden Charges Yes No
Funding Yes - 18% interest PA No Yes - 24% interest PA
Call & Trade Charges First 20 call free and Rs 25 there onwards. Rs 50 Per Order Rs 50 per order + GST
Auto Square off Charges First 20 call free and Rs 25 there onwards. Rs 50 Per Order Rs 50 per order + GST
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for Fyers Brokerage Calculator for Alice Blue
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Share Broker's Transaction Charges

Compare ICICIDirect vs Fyers vs Alice Blue on Transaction Charges

Compare ICICIDirect vs Fyers vs Alice Blue on transaction charges and PCM fee by segment.

Transaction Charges - Compare ICICIDirect vs Fyers vs Alice Blue
Transaction Charges Compare ICICIDirect Fyers Alice Blue
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr 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 NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE 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 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 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 NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA NA Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for icicidirect Complete Brokerage Plans for fyers Complete Brokerage Plans for alice-blue
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Account Features

Compare ICICIDirect vs Fyers vs Alice Blue on Account Features

Compare ICICIDirect vs Fyers vs Alice Blue 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 Fyers and Alice Blue offers only 2-in-1 account which includes trading and demat account. Margin Funding - ICICIDirect offers margin funding where Fyers and Alice Blue doesn't offers margin funding. NRI Trading - ICICIDirect and Alice Blue offers NRI Trading where Fyers doesn't offers NRI Trading.

Account Features - ICICIDirect vs Fyers vs Alice Blue
Account Features Compare ICICIDirect Fyers Alice Blue
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. No Alice Blue have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes Yes
Algo Trading No Yes Yes
SMS Alerts Yes No No
Online Demo Yes Yes No
Online Portfolio Yes No No
Margin Trading Funding Available Yes No No
Combined Ledger for Equity and Commodity No Yes Yes
Intraday Square-off Time 3:15PM 3:15 PM 3:15 PM
NRI Trading Yes No Yes
Other Features NIL Fyers 30 Day Challenge NIL
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Trading Platform

Compare ICICIDirect vs Fyers vs Alice Blueon Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect vs Fyers vs Alice Blue. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.

Trading Platform - Compare ICICIDirect vs Fyers vs Alice Blue
Trading Platform Compare ICICIDirect Fyers Alice Blue
Desktop Trading Platform Trade Racer Fyers One ANT - Analyse and Trade
Desktop Demo Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes Yes
Desktop Platform (Mac) Yes No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://www.icicidirect.com

Fyers Web

Web Trading Demo Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes No Yes
Mobile Trading Yes Yes Yes
Mobile Trading App ICICI direct Mobile Fyers 2.0 Mobile App ANT Mobile
Mobile Trading App Demo ICICI direct Mobile Demo Fyers 2.0 Mobile App Demo ANT Mobile Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod Fyers 2.0 Mobile App Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS ICICI direct Mobile Download iOS Fyers 2.0 Mobile App Download iOS ANT Mobile Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Free Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for ICICIDirect Equity Intraday and Delivery Brokerage Calculator for Fyers Equity Intraday and Delivery Brokerage Calculator for Alice Blue
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for Fyers Futures Brokerage Calculator for Alice Blue
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for Fyers Options Brokerage Calculator for Alice Blue
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for fyers Detail on Trading Platforms for alice-blue

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Broker Ratings by Users

Compare ICICIDirect vs Fyers vs Alice Blue on User Rating

  ICICIDirect Fyers Alice Blue
  267 Customer Reviews    Rate ICICIDirect 11 Customer Reviews    Rate Fyers 8 Customer Reviews    Rate Alice Blue
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 Fyers is Rated 3.2 / 5 based on 11 customer reviews Alice Blue is Rated 2.1 / 5 based on 8 customer reviews
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Investment Offerings

Compare ICICIDirect vs Fyers vs Alice Blue on Investment Offerings

Compare ICICIDirect vs Fyers vs Alice Blue 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 - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Fyers and Alice Blue offers Commodity Trading where ICICIDirect doesn't offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - ICICIDirect offers PMS facility where Fyers and Alice Blue doesn't offers PMS facility.

Investment Offerings - Compare ICICIDirect vs Fyers vs Alice Blue
Investment Offerings Compare ICICIDirect Fyers Alice Blue
Equity Cash and F&O Yes Yes Yes
Currency Deravitives Yes Yes Yes
Commodity No Yes Yes
Online IPO Application Yes Yes No
Mutual Funds Yes Yes Yes
Bond / NCD Yes No No
ETF Yes Yes Yes
Banking Yes No No
Insurance Yes No No
Forex No No No
MF SIP Investment Yes Yes Yes
Equity SIP Investment Yes No No
PMS Service Yes No No
Other Investment Options NIL NIL NIL
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Order Types

Compare ICICIDirect vs Fyers vs Alice Blue on Order Types

Order Type - Compare ICICIDirect vs Fyers vs Alice Blue on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - All 3 brokers offers provides Cover Orders (CO) facility. You can trade in equity and index derivatives using Cover Orders. 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) - Fyers and Alice Blue provides Bracket Orders (BO) facility where ICICIDirect doesn't provides Bracket Orders. After-market Orders (AMO) - All 3 brokers offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders - ICICIDirect and Fyers offers Good Till Cancelled (GTC) orders facility where Alice Blue doesn't provides GTC.

Order Types - Compare ICICIDirect vs Fyers vs Alice Blue
Order Type Compare ICICIDirect Fyers Alice Blue
CNC order Yes Yes Yes
MIS order Yes Yes Yes
NRML order Yes Yes Yes
Cover order Yes Yes Yes
Bracket order No Yes Yes
AMO-After Market Orders Yes Yes Yes
GTC-Good Till Cancelled Yes Yes No
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Customer Service Offered

Compare ICICIDirect vs Fyers vs Alice Blue on Customer Service

Compare ICICIDirect vs Fyers vs Alice Blue on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare ICICIDirect vs Fyers vs Alice Blue
Customer Service Compare ICICIDirect Fyers Alice Blue
24/7 Customer Service No No No
Email Support Yes Yes No
Onine Live Chat No No Yes
Phone Support Yes Yes Yes
Toll Free Number No No No
Through Branches Yes No Yes
Customer Care Number 1860 123 1122 08060001111 08035215000/080-45490850
Account Opening Process Online 100% online and paperless proc Online/Paperless
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://www.icicidirect.com/knowledge-center https://fyers.in/school-of-stocks/ https://tradeschool.aliceblueonline.com/
Head Office Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai - 400020
Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore - 560009
Alice Blue,
No. 153/2,
3rd Floor,M.R.B.Arcade,
Bagalur Main Road,
Dwaraka Nagar,
Yelahanka,
Bangalore - 560063
Website https://www.icicidirect.com https://fyers.in/ https://www.aliceblueonline.com
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Tips/Research/Reports Published

Compare ICICIDirect vs Fyers vs Alice Blue on Research Reports, Tips

Compare ICICIDirect vs Fyers vs Alice Blue on research reports and tips provided by broker.

Research Reports - Compare ICICIDirect vs Fyers vs Alice Blue
  ICICIDirect Fyers Alice Blue
Research Mutual Funds Yes No No
Research Equity Reports Yes No No
Research ETF Yes No No
Daily Market Report Yes No Yes
Free Tips Yes No No
Quarterly Result Analysis Yes No No
News Alerts Yes Yes No
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Demat Account

Compare ICICIDirect vs Fyers vs Alice Blue on Demat Account

Compare ICICIDirect vs Fyers vs Alice Blue on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare ICICIDirect vs Fyers vs Alice Blue
  ICICIDirect Fyers Alice Blue
DP Source CDSL CDSL CDSL
DP ID 14300 432-2019 83500
Demat Account Annual Maintenance Charges(AMC) ₹700 pa Free ₹400 pa
Advance Deposit Rs. 7500/- , If the client is not having ICICI BANK Account Nil Rs 0
Statutory charges Nil Nil Rs 150 Stamp Charges
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) ₹7 + ₹5.50 (CDSL Charges) per transaction 0.04% of the value of the transaction
Demat ₹50 per set up ₹0 ₹10 per certificate + ₹50 courier charges
Remat ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹0 ₹30 per certificate + CDSL charges
Pledge Creation 0.02% (Min ₹35 and Max ₹25,000) Nil ₹20 + CDSL charges
Pledge Creation Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil Nil
Pledge Closure 0.02% (Min ₹35 and Max ₹25,000) Nil ₹20 + CDSL charges
Pledge Closure Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil Nil
Pledge Invocation 0.02% (Min ₹35 and Max ₹25,000) Nil ₹20 + CDSL charges
Failed Instruction Charges ₹30 per transaction Nil Nil
Other Charges Nil Stamp Charges ₹50, Nil
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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs Fyers vs Alice Blue on Special Offers and Promotion

Compare ICICIDirect vs Fyers vs Alice Blue on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare ICICIDirect vs Fyers vs Alice Blue on Special Offers and Promotion
  ICICIDirect Fyers Alice Blue
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 Fyers Mobile, Fyers One and Fyers Web.
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 Alice Blue Mobile, ANT Desk and ANY Web application.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Instant to ICICI Bank. Up to 24 Hrs except for Bank Holidays. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Info Not Available 24+ banks connected via payment gateway, Free pay in and Free Pay Out. Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Alice Blue trading platforms.
Bank Detail Direct from your ICICI bank account. Fyers Securities,
Account Number:00090340002376
Bank and Branch: HDFC Bank,Kasturba Road, Bangalore
Account Type: Current Account
IFSC Code: HDFC0000009
Aliceblue Financial Services,
Account Number:ABFNSEXXXXXXXX
Bank and Branch: HDFC Bank,Sathy Road,Erode
Account Type: Current Account
IFSC Code: HDFC0000232
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
  • Free stocks and mutual funds investment
  • Rs 20 fixed brokerage on all segments
  • Invest in IPOs, OFS, SGBs, G-secs, and T-bills
  • Cheapest Rs 50/order brokerage on NRI trading
  • User-friendly mobile app and website for investors
  • Fyers Next and Fyers One high-speed trading terminal for traders
  • Fyers Thematic Investing: Invest in expert curated basket of stocks.
  • Start Algo trading Access with Fyers API for free
  • Bracket order, cover order, GTT, AMO, basket order
  • Fyers School of Stocks, a free stock market learning platform.
  • Margin calculator, brokerage calculator, SIP & Lumpsum calculator, etc.

Detail Review...

  • Trade on NSE, BSE, and MCX
  • No brokerage on equity, IPO, and mutual funds
  • Zero account opening charges
  • Pay Rs 15/order brokerage
  • Free Inuvest Advisory services and trading insights across segments
  • TradingView charts, lots of technical indicators, stock and F&O screeners.
  • Stock SIP in equity
  • Great technology platforms for trading and investment
  • Free access to ANT API
  • Strong PAN India Presence
  • Dedicated mutual fund investment app
  • TradeSchool (Web and app) a free stock market education platform
  • Place bracket order, cover order, and basket order.
  • Margin Trading facility (MTF)

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...

  • No unlimited zero brokerage monthly plans
  • No 3-in-1 account offering
  • No mutual fund investment app
  • Research reports are not offered free

Detail Review...

  • No NRI Trading
  • No zero brokerage unlimited trading plan
  • No installable trading terminal
  • Alice blue mutual fund app (Rise) is not available on App store.
  • No GTT Order
  • Sometimes, its platform experienced technical glitches.

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.
Enquire for ICICIDirect Enquire for Fyers Enquire for Alice Blue

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