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The brokerage of ICICIDirect ranges between Rs. 20, the brokerage of Reliance Securities ranges between 0.05 - 0.50%, while the brokerage of Finvasia ranges between Rs 0. The broker ICICIDirect and Reliance Securities are full service brokers where Finvasia is a discount broker. Overall rating for ICICIDirect is 4, Reliance Securities is rated 3.5, Finvasia is rated 4 out of 5.
Here we present side-by-side comparison of ICICIDirect vs Reliance Securities vs Finvasia 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 Reliance Securities vs Finvasia 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 Reliance Securities vs Finvasia in this setion with 360 degree view of broker information.
 ICICIDirect |
 Reliance Securities |
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| Broker Type | Full Service Broker | Full Service Broker | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX | NSE, BSE | 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...  |
Open a Free Reliance Securities Demat Account today, and start online trading across segments on the advanced Robo insights technology powered Tick web, mobile app, and a desktop trading platform. Get the best stocks & mutual fund research & ... |
Finvasia is India’s first discount brokerage house offering zero brokerage online trading account, zero lifetime Demat AMC, and online trading in stocks, derivatives, commodities, and currencies at absolutely NIL brokerage on the feature-rich S... |
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In this section we have compared ICICIDirect vs Reliance Securities vs Finvasia on trading & demat account opening charges and AMC. Trading account opening charges - ICICIDirect and Finvasia offer Free account opening where Reliance Securities charges Rs 950 for account opeing. Demat AMC charges - ICICIDirect charges Rs 300 per annum as AMC for Demat account, Reliance Securities charges Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) AMC for Demat account, where Finvasia charges Free AMC for Demat account.
| Charges | ICICIDirect | Reliance Securities | Finvasia |
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| Trading Account Opening Fees | Free | Rs 950 | Free |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Free |
| Demat AMC | Rs 300 per annum | Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) | Free |
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Plans are the most important feature you look when compare ICICIDirect vs Reliance Securities vs Finvasia. This section copare on high level about type of plans offered by brokers. Miltiple Plans - ICICIDirect and Reliance Securities offers Multiple Plans where Finvasia doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | ICICIDirect | Reliance Securities | Finvasia |
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| Multiple Plans | |
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| Zerodha | Zerodha | Zerodha | |
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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.
Reliance Securities Brokerage Plan detail - R-Fixed brokerage plan charges a fixed percentage of brokerage fee on trading across segments and also provides dedicated relationship manager services to help you take informed decisions based on fundamental and technical research reports.
Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.
| Brokerage Charges Compare | ICICIDirect | Reliance Securities | Finvasia |
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| Plan Name | NEO Flat Discount Brokerage Plan | R-FIXED Online Brokerage Plan (Percentage Based) | Zero Brokerage Trading Plan |
| Equity Delivery | 0.55% | 0.50% | Rs 0 |
| Equity Intraday | Flat Rs. 20 per order | 0.05% | Rs 0 |
| Equity Futures | Free (Rs. 0 brokerage) | 0.05% | Rs 0 |
| Equity Options | Flat Rs. 20 per order | Rs 100 Per Lot | Rs 0 |
| Currency Futures | Flat Rs. 20 per order | 0.05% | Rs 0 |
| Currency Options | Flat Rs. 20 per order | Rs 100 Per Lot | Rs 0 |
| Commodity Trading | Flat Rs. 20 per order | Future: 0.05%| Options: Rs 100 per lot | Rs 0 |
| Minimum Brokerage | Rs 35 per trade | 5 paise per share | NA |
| Hidden Charges | Yes | No | |
| Funding | Yes - 18% interest PA | Yes - 18% interest PA | Yes, 24% interest PA |
| Call & Trade Charges | First 20 call free and Rs 25 there onwards. | Rs 20 per call (Free First 20 call per month) | Free |
| Auto Square off Charges | First 20 call free and Rs 25 there onwards. | Free First 20 call PM and Rs 20 their onwards. | Free |
| Brokerage Calculator | Brokerage Calculator for ICICIDirect | Brokerage Calculator for Reliance Securities | Brokerage Calculator for Finvasia |
Compare ICICIDirect vs Reliance Securities vs Finvasia on transaction charges and PCM fee by segment.
| Transaction Charges Compare | ICICIDirect | Reliance Securities | Finvasia |
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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 | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr |
| Brokerage Charges | Complete Brokerage Plans for icicidirect | Complete Brokerage Plans for reliance-securities | Complete Brokerage Plans for finvasia |
Compare ICICIDirect vs Reliance Securities vs Finvasia 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 Reliance Securities and Finvasia offers only 2-in-1 account which includes trading and demat account. Margin Funding - ICICIDirect and Reliance Securities offers margin funding where Finvasia doesn't offers margin funding. NRI Trading - All 3 brokers offers NRI Trading.
| Account Features Compare | ICICIDirect | Reliance Securities | Finvasia |
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| 3 in 1 Account | |
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| Algo Trading | |
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| SMS Alerts | |
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| Online Portfolio | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15PM | 3:15PM | 3:15 PM |
| NRI Trading | |
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| Other Features | NIL | Mobile Application: Rmobile Xpress | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect vs Reliance Securities vs Finvasia. 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 | Reliance Securities | Finvasia |
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| Desktop Trading Platform | Trade Racer | InstaXpress | OMNESYS NEST |
| Desktop Demo | Desktop Demo | Desktop Demo | Info Not Available |
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https://www.icicidirect.com |
http://tick.rsec.co.in/ |
https://trade.finvasia.com/ |
| Web Trading Demo | Web Trading Demo | Web Trading Demo | Info Not Available |
| Mobile Site | |
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| Mobile Trading App | ICICI direct Mobile | TICK PRO | SCALPERT |
| Mobile Trading App Demo | ICICI direct Mobile Demo | TICK PRO Demo | SCALPERT Demo |
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| Android App Download | Andriod ICICI direct Mobile Download | Andriod TICK PRO Download | Andriod Download |
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| iOS App Download | iOS ICICI direct Mobile Download | iOS TICK PRO Download | iOS SCALPERT Download |
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| Trading Software Charges | Free | Free | Basic platforms are free, advance platforms are chargeable. |
| Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for ICICIDirect | Equity Intraday and Delivery Brokerage Calculator for Reliance Securities | Equity Intraday and Delivery Brokerage Calculator for Finvasia |
| Futures Brokerage Calculator | Futures Brokerage Calculator for ICICIDirect | Futures Brokerage Calculator for Reliance Securities | Futures Brokerage Calculator for Finvasia |
| Options Brokerage Calculator | Options Brokerage Calculator for ICICIDirect | Options Brokerage Calculator for Reliance Securities | Options Brokerage Calculator for Finvasia |
| Detail | Detail on Trading Platforms for icicidirect | Detail on Trading Platforms for reliance-securities | Detail on Trading Platforms for finvasia |
| ICICIDirect | Reliance Securities | Finvasia | ||
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267 Customer Reviews
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52 Customer Reviews
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17 Customer Reviews
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| Trading Platform Usability | ||||
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| Overall Ratings | ||||
| Broker Rating | ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews | Reliance Securities is Rated 3.4 / 5 based on 52 customer reviews | Finvasia is Rated 4.2 / 5 based on 17 customer reviews |
Compare ICICIDirect vs Reliance Securities vs Finvasia 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 - Reliance Securities and Finvasia 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 Reliance Securities offers PMS facility where Finvasia doesn't offers PMS facility.
| Investment Offerings Compare | ICICIDirect | Reliance Securities | Finvasia |
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| Other Investment Options | NIL | NIL | NIL |
Order Type - Compare ICICIDirect vs Reliance Securities vs Finvasia 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) - Reliance Securities and Finvasia 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 offers Good Till Cancelled (GTC) orders facility where Reliance Securities and Finvasia doesn't provides GTC.
| Order Type Compare | ICICIDirect | Reliance Securities | Finvasia |
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Compare ICICIDirect vs Reliance Securities vs Finvasia 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 | Reliance Securities | Finvasia |
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| 24/7 Customer Service | |
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| Customer Care Number | 1860 123 1122 | 022 41596000 | 022 62436000 | Support: +91 9779 097 777/Sales: +91 9098 001 001 |
| Account Opening Process | Online | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] | [email protected]/[email protected] |
| Knowledge Center/Education | https://www.icicidirect.com/knowledge-center | https://www.reliancesmartmoney.com/Insights | https://finvasia.com/announcements |
| Head Office Address | ICICI Centre, H.T. Parekh Marg, Churchgate, Mumbai - 400020 |
Reliance Securities Limited, 4th Floor, North Wing, Reliance Centre, Santacruz East, Mumbai-MH- 400055 |
Finvasia Securities Pvt Ltd Plot #10, Netsmatrz House (Level 3), Rajiv Gandhi Chd. Tech Park, Chandigarh -160101 |
| Website | https://www.icicidirect.com | https://www.reliancesmartmoney.com | https://www.finvasia.com/ |
Compare ICICIDirect vs Reliance Securities vs Finvasia on research reports and tips provided by broker.
| ICICIDirect | Reliance Securities | Finvasia | |
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| Research Mutual Funds | |
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| Research Equity Reports | |
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| Research ETF | |
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| Daily Market Report | |
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Compare ICICIDirect vs Reliance Securities vs Finvasia on Demat Service and Charges. This section cover about demat charges, demat service and other details
| ICICIDirect | Reliance Securities | Finvasia | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 14300 | 41400 | 84300 |
| Demat Account Annual Maintenance Charges(AMC) | ₹700 pa | ₹300 pa | Free |
| Advance Deposit | Rs. 7500/- , If the client is not having ICICI BANK Account | Nil | Rs 0 |
| 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 ₹27) + CDSL charges | ₹9 + ₹5.50 (CDSL Charges) for every transaction |
| Demat | ₹50 per set up | ₹5 per certificate + ₹30 request charges | ₹15 per certificate |
| Remat | ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction | ₹40 for every hundred securities or ₹25 per certificate (whichever is higher) + ₹25 courier charges | ₹15 for every hundred securities + CDSL Charges |
| Pledge Creation | 0.02% (Min ₹35 and Max ₹25,000) | 0.05% of transaction value (Min ₹30) | ₹25 per transaction |
| Pledge Creation Confirmation | 0.02% (Min ₹35 and Max ₹25,000) | 0.05% of transaction value (Min ₹30) | NIL |
| Pledge Closure | 0.02% (Min ₹35 and Max ₹25,000) | 0.05% of transaction value (Min ₹30) | ₹25 per transaction |
| Pledge Closure Confirmation | 0.02% (Min ₹35 and Max ₹25,000) | 0.05% of transaction value (Min ₹30) | NIL |
| Pledge Invocation | 0.02% (Min ₹35 and Max ₹25,000) | 0.05% of transaction value (Min ₹30) | ₹19 per transaction |
| Failed Instruction Charges | ₹30 per transaction | Nil | ₹49 |
| Other Charges | Nil | Nil | Nil |
Compare ICICIDirect vs Reliance Securities vs Finvasia on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| ICICIDirect | Reliance Securities | Finvasia | |
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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 funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from RelianceSmartMoney platform. Pay-out/Fund Withdrawal - Bank Transfer only |
Pay-in with cheque, online bank transfer via IMPS, NEFT or RTGS, UPI, Netbanking / Payment Gateway from SCALPERT, NSET, NOW, Fox Trader, BEST Software. Pay-out / Withdrawal Fund through bank transfer only. |
| Payout Time | Instant to ICICI Bank. | Max 24 hrs except bank holidays | Up to 24 hrs except for bank holidays. |
| Bank Supported and Charges | Info Not Available | Info Not Available | Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms. |
| Bank Detail | Direct from your ICICI bank account. | RELIANCE SECURITIES LTD Account No.:9500XXXXXXXX Bank:YES BANK Branch:MUMBAI Account Type:CURRENT IFSC Code:YESB0000001 |
FINVASIA SECURITIES PVT LTD, Account Number:08730340000255 Bank and Branch: Plot no.28, Phase 1, Industrial Area, Chandigarh Account Type: Current Account IFSC Code:HDFC0000873 |
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No-doubt, zero brokerage fees is the most crucial benefit available on trading with Finvasia. Check out the key pros or advantages of opening an account and trading with Finvasia as follows;
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Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;
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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. | Free Account Opening+Free Demat AMC+Free Trading. | |
| Enquire for ICICIDirect | Enquire for Reliance Securities | Enquire for Finvasia |
Last Updated on 2023-09-14T04:34:26+00:00
