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The brokerage of ICICIDirect ranges between Rs. 20, the brokerage of HDFC Sky ranges between Rs 20, while the brokerage of Nuvama Wealth ranges between Rs 10. The broker HDFC Sky and Nuvama Wealth are a discount brokers where ICICIDirect is a full service broker. Overall rating for ICICIDirect is 4, HDFC Sky is rated 4, Nuvama Wealth is rated 3.5 out of 5.
Here we present side-by-side comparison of ICICIDirect vs HDFC Sky vs Nuvama Wealth 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 HDFC Sky vs Nuvama Wealth 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 HDFC Sky vs Nuvama Wealth in this setion with 360 degree view of broker information.
 ICICIDirect |
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| Broker Type | Full Service Broker | Discount Broker | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX | NSE, BSE, 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...  |
HDFC Sky is the only bank-based discount stock broker in India. Free demat and trading account opening, Rs 20/order maximum brokerage charges across all segments, simple yet elegant user interface enabled HDFC Sky mobile app, and free research & advi... |
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... |
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In this section we have compared ICICIDirect vs HDFC Sky vs Nuvama Wealth 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, HDFC Sky charges Rs 240 PA (Free for 1st year) AMC for Demat account, where Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account.
| Charges | ICICIDirect | HDFC Sky | Nuvama Wealth |
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| 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 | Rs 240 PA (Free for 1st year) | Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] |
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Plans are the most important feature you look when compare ICICIDirect vs HDFC Sky vs Nuvama Wealth. This section copare on high level about type of plans offered by brokers. Miltiple Plans - ICICIDirect and Nuvama Wealth offers Multiple Plans where HDFC Sky doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | ICICIDirect | HDFC Sky | Nuvama Wealth |
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| Zerodha | Zerodha | Nuvama Wealth | |
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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.
HDFC Sky Brokerage Plan detail - HDFC Sky follows a fixed pricing model that charges a maximum of Rs 20 per order brokerage fee across segments.
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 | HDFC Sky | Nuvama Wealth |
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| Plan Name | NEO Flat Discount Brokerage Plan | Fixed pricing model | Nuvama Lite |
| Equity Delivery | 0.55% | 0.1% or Rs 20 whichever is lower | Flat Rs. 10 per executed order |
| Equity Intraday | Flat Rs. 20 per order | 0.1% or Rs 20 whichever is lower | Flat Rs. 10 per executed order |
| Equity Futures | Free (Rs. 0 brokerage) | 0.1% or Rs 20 whichever is lower | Flat Rs. 10 per executed order |
| Equity Options | Flat Rs. 20 per order | Flat Fee Rs 20 | Flat Rs. 10 per executed order |
| Currency Futures | Flat Rs. 20 per order | 0.1% or Rs 20 whichever is lower | Flat Rs. 10 per executed order |
| Currency Options | Flat Rs. 20 per order | Flat Fee Rs 20 | Flat Rs. 10 per executed order |
| Commodity Trading | Flat Rs. 20 per order | Flat Fee Rs 20 | 0.01% |
| Minimum Brokerage | Rs 35 per trade | ||
| Hidden Charges | Yes | No | |
| Funding | Yes - 18% interest PA | Yes - 12% interest PA | Yes - 24% interest PA |
| Call & Trade Charges | First 20 call free and Rs 25 there onwards. | Rs 20 per call | Rs 20 per call |
| Auto Square off Charges | First 20 call free and Rs 25 there onwards. | 0.1% or Rs 20 whichever is lower | Rs 20 |
| Brokerage Calculator | Brokerage Calculator for ICICIDirect | Brokerage Calculator for HDFC Sky | Brokerage Calculator for Nuvama Wealth |
Compare ICICIDirect vs HDFC Sky vs Nuvama Wealth on transaction charges and PCM fee by segment.
| Transaction Charges Compare | ICICIDirect | HDFC Sky | Nuvama Wealth |
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| 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 260 Per Cr | Agri: Rs 175 Per Cr |
| Brokerage Charges | Complete Brokerage Plans for icicidirect | Complete Brokerage Plans for hdfc-sky | Complete Brokerage Plans for nuvama-wealth |
Compare ICICIDirect vs HDFC Sky vs Nuvama Wealth on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - ICICIDirect and HDFC Sky offers 3-in-1 Account where Nuvama Wealth offers only 2-in-1 account which includes trading and demat account. Margin Funding -All 3 brokers offers Margin funding. Interest need to be paid on borrowed money. NRI Trading - All 3 brokers offers NRI Trading.
| Account Features Compare | ICICIDirect | HDFC Sky | Nuvama Wealth |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15PM | 3:15PM | 3:15PM |
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| Other Features | NIL | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect vs HDFC Sky vs Nuvama Wealth. 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.
| ICICIDirect | HDFC Sky | Nuvama Wealth | ||
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267 Customer Reviews
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97 Customer Reviews
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4 Customer Reviews
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| Broker Rating | ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews | HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews | Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews |
Compare ICICIDirect vs HDFC Sky vs 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 - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - HDFC Sky and Nuvama Wealth 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 and Nuvama Wealth offers PMS facility where HDFC Sky doesn't offers PMS facility.
| Investment Offerings Compare | ICICIDirect | HDFC Sky | Nuvama Wealth |
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| Other Investment Options | NIL | NIL |
Order Type - Compare ICICIDirect vs HDFC Sky vs Nuvama Wealth 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) - HDFC Sky provides Bracket Orders (BO) facility where ICICIDirect and Nuvama Wealth doesn't provides Bracket Orders. After Market Orders (AMO) - ICICIDirect and Nuvama Wealth AMO facility where HDFC Sky doesn't provides AMO. GTC Orders - ICICIDirect and HDFC Sky offers Good Till Cancelled (GTC) orders facility where Nuvama Wealth doesn't provides GTC.
| Order Type Compare | ICICIDirect | HDFC Sky | Nuvama Wealth |
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Compare ICICIDirect vs HDFC Sky vs Nuvama Wealth 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 Service Compare | ICICIDirect | HDFC Sky | Nuvama Wealth |
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| Customer Care Number | 1860 123 1122 | 1800 121 2109 | 1800 102 3335 |
| Account Opening Process | Online | Online | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://www.icicidirect.com/knowledge-center | https://hdfcsky.com/learn | https://www.nuvamawealth.com/investology |
| Head Office Address | ICICI Centre, H.T. Parekh Marg, Churchgate, Mumbai - 400020 |
LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA, 8 FLR, NEAR KANJURMARG RLYSTN, KANJURMARG, MUMBAI-MH-400042 |
Edelweiss House, Off CST Road, Kalina, Mumbai - 400098 |
| Website | https://www.icicidirect.com | https://hdfcsky.com/ | https://www.nuvamawealth.com/ |
Compare ICICIDirect vs HDFC Sky vs Nuvama Wealth on research reports and tips provided by broker.
| ICICIDirect | HDFC Sky | Nuvama Wealth | |
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| Research Mutual Funds | |
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| Research Equity Reports | |
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| Research ETF | |
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Compare ICICIDirect vs HDFC Sky vs Nuvama Wealth on Demat Service and Charges. This section cover about demat charges, demat service and other details
| ICICIDirect | HDFC Sky | Nuvama Wealth | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 14300 | CDSL: 1209 | 19100 |
| Demat Account Annual Maintenance Charges(AMC) | ₹700 pa | ₹750 pa | Free (₹1500 one time charges) |
| Advance Deposit | Rs. 7500/- , If the client is not having ICICI BANK Account | Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- | NIL |
| Statutory charges | Nil | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) | 0.04% (Min ₹20) + CDSL charges | 0.02% of transaction value or ₹20 per transaction whichever is higher |
| Demat | ₹50 per set up | ₹5 per certificate + ₹35 request charges | ₹2 per certificate + ₹30 courier charges |
| Remat | ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction | ₹30 | ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges |
| Pledge Creation | 0.02% (Min ₹35 and Max ₹25,000) | Nil | 0.02% of transaction value (Min ₹50) |
| Pledge Creation Confirmation | 0.02% (Min ₹35 and Max ₹25,000) | 0.04% of transaction value (Min ₹40) | Nil |
| Pledge Closure | 0.02% (Min ₹35 and Max ₹25,000) | Nil | 0.02% of transaction value (Min ₹50) |
| Pledge Closure Confirmation | 0.02% (Min ₹35 and Max ₹25,000) | 0.04% of transaction value (Min ₹40) | Nil |
| Pledge Invocation | 0.02% (Min ₹35 and Max ₹25,000) | 0.04% of transaction value (Min ₹40) | 0.02% of transaction value (Min ₹50) |
| Failed Instruction Charges | ₹30 per transaction | Nil | Nil |
| Other Charges | Nil | Nil | Nil |
Compare ICICIDirect vs HDFC Sky vs Nuvama Wealth on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| ICICIDirect | HDFC Sky | Nuvama Wealth | |
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| 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 from HDFC 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 | Instant to ICICI Bank. | Instant to HDFC Bank. | Upto 24 Hrs except Bank Holidays. |
| Bank Supported and Charges | Info Not Available | Info Not Available | NA |
| Bank Detail | Direct from your ICICI bank account. | Direct from your HDFC bank account. | Nuvama Wealth, Account Number:EBL1XXXXXXXXX Bank and Branch: CitiBank, Mumbai Account Type: Current Account IFSC Code: CITI0100000 |
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Want to know why to trade with HDFC Sky, here are the promising reasons;
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| 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 HDFC Sky | Enquire for Nuvama Wealth |
Last Updated on 2023-09-14T04:34:26+00:00
