FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
The brokerage of ICICIDirect ranges between Rs. 20, the brokerage of TradeSmart ranges between Rs 15, while the brokerage of Nuvama Wealth ranges between Rs 10. The broker TradeSmart and Nuvama Wealth are a discount brokers where ICICIDirect is a full service broker. Overall rating for ICICIDirect is 4, TradeSmart is rated 4, Nuvama Wealth is rated 3.5 out of 5.
Here we present side-by-side comparison of ICICIDirect vs TradeSmart 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 TradeSmart 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 TradeSmart vs Nuvama Wealth in this setion with 360 degree view of broker information.
In this section we have compared ICICIDirect vs TradeSmart vs Nuvama Wealth on trading & demat account opening charges and AMC. Trading account opening charges - ICICIDirect and Nuvama Wealth offer Free account opening where TradeSmart charges Rs 200 for account opeing. Demat AMC charges - ICICIDirect charges Rs 300 per annum as AMC for Demat account, TradeSmart charges Rs 300 PA AMC for Demat account, where Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account.
Charges | ICICIDirect | TradeSmart | Nuvama Wealth |
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Trading Account Opening Fees | Free | Rs 200 | Free |
Trading AMC | Free | Free | Free |
Demat Account Opening Fees | Free | Rs 200 | Free |
Demat AMC | Rs 300 per annum | Rs 300 PA | 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 TradeSmart vs Nuvama Wealth. This section copare on high level about type of plans offered by brokers. Miltiple Plans - All 3 brokers offers Multiple Plans. You have option to select plan as per your trading streategy. Monthlay Plans - All 3 brokers don't have Monthy Plans.
Plan Types | ICICIDirect | TradeSmart | Nuvama Wealth |
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Multiple Plans | ![]() |
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Monthly Plans | ![]() |
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Yearly Plans | ![]() |
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Zerodha | Zerodha | Nuvama Wealth | |
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Account Opening Request |
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.
TradeSmart Brokerage Plan detail - 15 Rs Flat-rate power plan is good for big volume trader. This plan is good for traders who are not doing frequent trades but doing volume trade. This plan comes with up to 30x exposure on Equity.
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 | TradeSmart | Nuvama Wealth |
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Plan Name | NEO Flat Discount Brokerage Plan | Flat Fee Rs 15 Trading Plan (Power Plan) | Nuvama Lite |
Equity Delivery | 0.55% | Flat Fee Rs 15 | Flat Rs. 10 per executed order |
Equity Intraday | Flat Rs. 20 per order | Flat Fee Rs 15 | Flat Rs. 10 per executed order |
Equity Futures | Free (Rs. 0 brokerage) | Flat Fee Rs 15 | Flat Rs. 10 per executed order |
Equity Options | Flat Rs. 20 per order | Flat Fee Rs 15 | Flat Rs. 10 per executed order |
Currency Futures | Flat Rs. 20 per order | Flat Fee Rs 15 | Flat Rs. 10 per executed order |
Currency Options | Flat Rs. 20 per order | Flat Fee Rs 15 | Flat Rs. 10 per executed order |
Commodity Trading | Flat Rs. 20 per order | Flat Fee Rs 15 | 0.01% |
Minimum Brokerage | Rs 35 per trade | ||
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 20 per executed Order | Rs 20 per call |
Auto Square off Charges | First 20 call free and Rs 25 there onwards. | Rs 20 per executed Order | Rs 20 |
Brokerage Calculator | Brokerage Calculator for ICICIDirect | Brokerage Calculator for TradeSmart | Brokerage Calculator for Nuvama Wealth |
Compare ICICIDirect vs TradeSmart vs Nuvama Wealth on transaction charges and PCM fee by segment.
Transaction Charges Compare | ICICIDirect | TradeSmart | 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 | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr |
Brokerage Charges | Complete Brokerage Plans for icicidirect | Complete Brokerage Plans for trade-smart-online | Complete Brokerage Plans for nuvama-wealth |
Compare ICICIDirect vs TradeSmart vs Nuvama Wealth 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 TradeSmart and Nuvama Wealth offers only 2-in-1 account which includes trading and demat account. Margin Funding - ICICIDirect and Nuvama Wealth offers margin funding where TradeSmart doesn't offers margin funding. NRI Trading - ICICIDirect and Nuvama Wealth offers NRI Trading where TradeSmart doesn't offers NRI Trading.
Account Features Compare | ICICIDirect | TradeSmart | Nuvama Wealth |
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3 in 1 Account | ![]() |
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Charting | ![]() |
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Algo Trading | ![]() |
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SMS Alerts | ![]() |
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Online Demo | ![]() |
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Online Portfolio | ![]() |
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Margin Trading Funding Available | ![]() |
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Combined Ledger for Equity and Commodity | ![]() |
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Intraday Square-off Time | 3:15PM | 3:15PM | 3:15PM |
NRI Trading | ![]() |
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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 TradeSmart 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.
Compare ICICIDirect vs TradeSmart 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 - TradeSmart and Nuvama Wealth offers Commodity Trading where ICICIDirect doesn't offers Commodity Trading. Online Mutual Fund Investment - ICICIDirect and Nuvama Wealth offers online mutual fund investment where TradeSmart doesn't offers mutual fund investment. Portfolio Management Services (PMS) - ICICIDirect and Nuvama Wealth offers PMS facility where TradeSmart doesn't offers PMS facility.
Investment Offerings Compare | ICICIDirect | TradeSmart | Nuvama Wealth |
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Equity Cash and F&O | ![]() |
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Currency Deravitives | ![]() |
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Commodity | ![]() |
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Online IPO Application | ![]() |
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Mutual Funds | ![]() |
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Bond / NCD | ![]() |
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ETF | ![]() |
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Banking | ![]() |
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Insurance | ![]() |
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Forex | ![]() |
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MF SIP Investment | ![]() |
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Equity SIP Investment | ![]() |
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PMS Service | ![]() |
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Other Investment Options | NIL | NIL | NIL |
Order Type - Compare ICICIDirect vs TradeSmart 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) - TradeSmart provides Bracket Orders (BO) facility where ICICIDirect and Nuvama Wealth 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 TradeSmart and Nuvama Wealth doesn't provides GTC.
Order Type Compare | ICICIDirect | TradeSmart | Nuvama Wealth |
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CNC order | ![]() |
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MIS order | ![]() |
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NRML order | ![]() |
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Cover order | ![]() |
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Bracket order | ![]() |
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AMO-After Market Orders | ![]() |
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GTC-Good Till Cancelled | ![]() |
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Compare ICICIDirect vs TradeSmart 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 | TradeSmart | Nuvama Wealth |
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24/7 Customer Service | ![]() |
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Email Support | ![]() |
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Onine Live Chat | ![]() |
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Phone Support | ![]() |
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Toll Free Number | ![]() |
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Through Branches | ![]() |
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Customer Care Number | 1860 123 1122 | 022 61208000 | 1800 102 3335 |
Account Opening Process | Online | Online/Paperless | Online/Paperless |
Customer Support Email | [email protected] | [email protected] | [email protected] |
Knowledge Center/Education | https://www.icicidirect.com/knowledge-center | https://help.tradesmartonline.in/ | https://www.nuvamawealth.com/investology |
Head Office Address | ICICI Centre, H.T. Parekh Marg, Churchgate, Mumbai - 400020 |
Trade Smart Online, A-401, Mangalya, Marol Maroshi Road, Andheri East, Gamdevi, Marol, Andheri East, Mumbai, MH 400059 |
Edelweiss House, Off CST Road, Kalina, Mumbai - 400098 |
Website | https://www.icicidirect.com | https://tradesmartonline.in/ | https://www.nuvamawealth.com/ |
Compare ICICIDirect vs TradeSmart vs Nuvama Wealth on research reports and tips provided by broker.
ICICIDirect | TradeSmart | 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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Daily Market Report | ![]() |
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Free Tips | ![]() |
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Quarterly Result Analysis | ![]() |
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News Alerts | ![]() |
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Compare ICICIDirect vs TradeSmart vs Nuvama Wealth on Demat Service and Charges. This section cover about demat charges, demat service and other details
ICICIDirect | TradeSmart | Nuvama Wealth | |
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DP Source | CDSL | CDSL | CDSL |
DP ID | 14300 | 30400 | 19100 |
Demat Account Annual Maintenance Charges(AMC) | ₹700 pa | ₹300 pa | Free (₹1500 one time charges) |
Advance Deposit | Rs. 7500/- , If the client is not having ICICI BANK Account | NIL | NIL |
Statutory charges | Nil | Nil | Nil |
Transaction Charges on Debit (Per ISIN) | 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) | ₹25 | 0.02% of transaction value or ₹20 per transaction whichever is higher |
Demat | ₹50 per set up | ₹500 per certificate (Min ₹500 per request) | ₹2 per certificate + ₹30 courier charges |
Remat | ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction | ₹500 per certificate (Min ₹500 per request) | ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges |
Pledge Creation | 0.02% (Min ₹35 and Max ₹25,000) | ₹200 per script ₹50 for trading margin each side |
0.02% of transaction value (Min ₹50) |
Pledge Creation Confirmation | 0.02% (Min ₹35 and Max ₹25,000) | Nil | Nil |
Pledge Closure | 0.02% (Min ₹35 and Max ₹25,000) | ₹200 per script | 0.02% of transaction value (Min ₹50) |
Pledge Closure Confirmation | 0.02% (Min ₹35 and Max ₹25,000) | Nil | Nil |
Pledge Invocation | 0.02% (Min ₹35 and Max ₹25,000) | ₹200 per script | 0.02% of transaction value (Min ₹50) |
Failed Instruction Charges | ₹30 per transaction | Nil | Nil |
Other Charges | Nil | Nil | Nil |
Compare ICICIDirect vs TradeSmart vs Nuvama Wealth on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
ICICIDirect | TradeSmart | 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 via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from SIGN Mobile, SIGN Web and NEST Software. 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. | Up to 24 Hrs except Bank Holidays. | Upto 24 Hrs except Bank Holidays. |
Bank Supported and Charges | Info Not Available | Around 28 banks allow instant credit facility(Payment Gateway) with charges of Rs 8 + GST from TradeSmart trading platforms. | NA |
Bank Detail | Direct from your ICICI bank account. | VNS Finance and Capital Services Ltd., Account Number:VNS095XXXXXXX Bank and Branch: Yes Bank,CMS National Operating Centre MMR Account Type: Current Account IFSC Code: YESB0CMSNOC |
Nuvama Wealth, Account Number:EBL1XXXXXXXXX Bank and Branch: CitiBank, Mumbai Account Type: Current Account IFSC Code: CITI0100000 |
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Check out the key advantages, reasons, or benefits on Why Choose TradeSmart For Stock Trading?
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There are several disadvantages or limitations as well of trading with TradeSmart such as follows;
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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, Rs 400 Waived for a limited time. | |
Enquire for ICICIDirect | Enquire for TradeSmart | Enquire for Nuvama Wealth |
Last Updated on 2023-09-14T04:34:26+00:00