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ICICIDirect Vs Sharekhan Vs Fyers: Which one is better?

The brokerage of ICICIDirect ranges between Rs. 20, the brokerage of Sharekhan ranges between 0.1 to 0.5%, while the brokerage of Fyers ranges between Rs 20. The broker ICICIDirect and Sharekhan are full service brokers where Fyers is a discount broker. Overall rating for ICICIDirect is 4, Sharekhan is rated 4, Fyers is rated 4 out of 5.

Here we present side-by-side comparison of ICICIDirect vs Sharekhan vs Fyers 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 Sharekhan vs Fyers 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 Sharekhan vs Fyers in this setion with 360 degree view of broker information.

Compare ICICIDirect vs Sharekhan vs Fyers on Service

  ICICIDirect Compare
ICICIDirect
Sharekhan Compare
Sharekhan
Fyers Compare
Fyers
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Full Service Broker Full Service Broker Discount Broker
Exchanges Supported NSE, BSE, MCX BSE, NSE, MCX, NCDEX BSE, NSE, MCX
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 Sharekhan is one of the oldest and the most popular full-service broker with the best platforms, powerful Trade Tiger terminal, free research & advisory, portfolio management services, and exceptionally great customer services with dedicated relation...Know more about Sharekhan 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
Broker Enquiry Request call back from Zerodha Request call back from Sharekhan Request call back from Fyers
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Account Opening Charges and AMC

Compare ICICIDirect vs Sharekhan vs Fyers on Trading & Demat Account Opening Charges

In this section we have compared ICICIDirect vs Sharekhan vs Fyers 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, Sharekhan charges Rs 400 PA (Free for 1st year)) AMC for Demat account, where Fyers charges Free AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect vs Sharekhan vs Fyers
Charges ICICIDirect Sharekhan Fyers
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 400 PA (Free for 1st year)) Free
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs Sharekhan vs Fyers on Plan Options

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

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

Account Opening

  Zerodha Sharekhan Fyers
Account Opening Request
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Brokerage Charges

Compare ICICIDirect vs Sharekhan vs Fyerson 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.

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

Brokerage Charges - Compare ICICIDirect vs Sharekhan vs Fyers
Brokerage Charges Compare ICICIDirect Sharekhan Fyers
Plan Name NEO Flat Discount Brokerage Plan Sharkehan Brokerage Plan Max Rs 20 Per Order Trading Plan
Equity Delivery 0.55% 0.30% Free
Equity Intraday Flat Rs. 20 per order 0.02% 0.03% or Rs 20 whichever is lower
Equity Futures Free (Rs. 0 brokerage) 0.02% 0.03% or Rs 20 whichever is lower
Equity Options Flat Rs. 20 per order Rs 20 per lot Flat Fee Rs 20
Currency Futures Flat Rs. 20 per order 0.02% 0.03% or Rs 20 whichever is lower
Currency Options Flat Rs. 20 per order Rs 5 per lot Flat Fee Rs 20
Commodity Trading Flat Rs. 20 per order Rs 20 per lot Flat Fee Rs 20
Minimum Brokerage Rs 35 per trade Rs 20
Hidden Charges Yes No
Funding Yes - 18% interest PA Yes - 18% interest PA No
Call & Trade Charges First 20 call free and Rs 25 there onwards. Free Rs 50 Per Order
Auto Square off Charges First 20 call free and Rs 25 there onwards. Free Rs 50 Per Order
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for Sharekhan Brokerage Calculator for Fyers
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Share Broker's Transaction Charges

Compare ICICIDirect vs Sharekhan vs Fyers on Transaction Charges

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

Transaction Charges - Compare ICICIDirect vs Sharekhan vs Fyers
Transaction Charges Compare ICICIDirect Sharekhan Fyers
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 NA
Brokerage Charges Complete Brokerage Plans for icicidirect Complete Brokerage Plans for sharekhan Complete Brokerage Plans for fyers
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Account Features

Compare ICICIDirect vs Sharekhan vs Fyers on Account Features

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

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

Compare ICICIDirect vs Sharekhan vs Fyerson Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect vs Sharekhan vs Fyers. 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 Sharekhan vs Fyers
Trading Platform Compare ICICIDirect Sharekhan Fyers
Desktop Trading Platform Trade Racer TradeTiger Fyers One
Desktop Demo Desktop Demo Desktop Demo Desktop Demo
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

https://www.sharekhan.com/

Fyers Web

Web Trading Demo Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes No
Mobile Trading Yes Yes Yes
Mobile Trading App ICICI direct Mobile Sharekhan Fyers 2.0 Mobile App
Mobile Trading App Demo ICICI direct Mobile Demo Sharekhan Demo Fyers 2.0 Mobile App Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod Sharekhan Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS ICICI direct Mobile Download iOS Sharekhan Download iOS Fyers 2.0 Mobile App 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 Sharekhan Equity Intraday and Delivery Brokerage Calculator for Fyers
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for Sharekhan Futures Brokerage Calculator for Fyers
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for Sharekhan Options Brokerage Calculator for Fyers
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for sharekhan Detail on Trading Platforms for fyers

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Broker Ratings by Users

Compare ICICIDirect vs Sharekhan vs Fyers on User Rating

  ICICIDirect Sharekhan Fyers
  267 Customer Reviews    Rate ICICIDirect 184 Customer Reviews    Rate Sharekhan 11 Customer Reviews    Rate Fyers
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 Fyers is Rated 3.2 / 5 based on 11 customer reviews
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Investment Offerings

Compare ICICIDirect vs Sharekhan vs Fyers on Investment Offerings

Compare ICICIDirect vs Sharekhan vs Fyers 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 - Sharekhan and Fyers 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 Sharekhan offers PMS facility where Fyers doesn't offers PMS facility.

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

Compare ICICIDirect vs Sharekhan vs Fyers on Order Types

Order Type - Compare ICICIDirect vs Sharekhan vs Fyers 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) - Sharekhan and Fyers 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 - All 3 brokers offers Good Till Cancelled (GTC) orders, which means you place buy or sell equity limit order and your order remains in system until it executed or reaches the specified numbers of days.

Order Types - Compare ICICIDirect vs Sharekhan vs Fyers
Order Type Compare ICICIDirect Sharekhan Fyers
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 Yes
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Customer Service Offered

Compare ICICIDirect vs Sharekhan vs Fyers on Customer Service

Compare ICICIDirect vs Sharekhan vs Fyers 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 Sharekhan vs Fyers
Customer Service Compare ICICIDirect Sharekhan Fyers
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat No Yes No
Phone Support Yes Yes Yes
Toll Free Number No Yes No
Through Branches Yes Yes No
Customer Care Number 1860 123 1122 1800227500 08060001111
Account Opening Process Online Offline 100% online and paperless proc
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://www.icicidirect.com/knowledge-center https://www.sharekhan.com/help/hello https://fyers.in/school-of-stocks/
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
Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore - 560009
Website https://www.icicidirect.com https://www.sharekhan.com https://fyers.in/
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Tips/Research/Reports Published

Compare ICICIDirect vs Sharekhan vs Fyers on Research Reports, Tips

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

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

Compare ICICIDirect vs Sharekhan vs Fyers on Demat Account

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

Demat Charges - Compare ICICIDirect vs Sharekhan vs Fyers
  ICICIDirect Sharekhan Fyers
DP Source CDSL CDSL CDSL
DP ID 14300 36000 432-2019
Demat Account Annual Maintenance Charges(AMC) ₹700 pa ₹500 pa Free
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) Nil
Statutory charges Nil Actual Stamp Paper Charges Nil
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) ₹7 + ₹5.50 (CDSL Charges) per transaction
Demat ₹50 per set up ₹5 per certificate (Min 50 per request) ₹0
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 ₹0
Pledge Creation 0.02% (Min ₹35 and Max ₹25,000) 0.03% (Min ₹100) Nil
Pledge Creation Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil Nil
Pledge Closure 0.02% (Min ₹35 and Max ₹25,000) Nil Nil
Pledge Closure Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil Nil
Pledge Invocation 0.02% (Min ₹35 and Max ₹25,000) Nil Nil
Failed Instruction Charges ₹30 per transaction Nil 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
Stamp Charges ₹50,
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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs Sharekhan vs Fyers on Special Offers and Promotion

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

Compare ICICIDirect vs Sharekhan vs Fyers on Special Offers and Promotion
  ICICIDirect Sharekhan Fyers
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/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
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 24+ banks connected via payment gateway, Free pay in and Free Pay Out.
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
Fyers Securities,
Account Number:00090340002376
Bank and Branch: HDFC Bank,Kasturba Road, Bangalore
Account Type: Current Account
IFSC Code: HDFC0000009
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...

  • 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...

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.
  • Does not offer Direct mutual fund.
  • 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...

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 Sharekhan Enquire for Fyers

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