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ICICIDirect Vs Zerodha Vs Groww: Which one is better?

The brokerage of ICICIDirect ranges between Rs. 20, the brokerage of Zerodha ranges between Rs 20, while the brokerage of Groww ranges between Rs 20. The broker Zerodha and Groww are a discount brokers where ICICIDirect is a full service broker. Overall rating for ICICIDirect is 4, Zerodha is rated 4.5, Groww is rated 4 out of 5.

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

Compare ICICIDirect vs Zerodha vs Groww on Service

  ICICIDirect Compare
ICICIDirect
Zerodha Compare
Zerodha
Groww Compare
Groww
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Full Service Broker Discount Broker Discount Broker
Exchanges Supported NSE, BSE, MCX NSE, BSE, MCX NSE, BSE
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 Zerodha is India's leading discount broker offering free equity and mutual fund investment, Rs 20 flat brokerage trading, and a user-friendly Kite trading platform. Groww is the top broker for beginners to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee! Also, its easy-to-use, crystal clear user interface, and safe & secure Groww app and web-based platform makes investing hassl... Know more about Groww
Broker Enquiry Request call back from Zerodha Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare ICICIDirect vs Zerodha vs Groww on Trading & Demat Account Opening Charges

In this section we have compared ICICIDirect vs Zerodha vs Groww on trading & demat account opening charges and AMC. Trading account opening charges - ICICIDirect and Groww offer Free account opening where Zerodha charges Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) for account opeing. Demat AMC charges - ICICIDirect charges Rs 300 per annum as AMC for Demat account, Zerodha charges Rs 300 PA AMC for Demat account, where Groww charges Free AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect vs Zerodha vs Groww
Charges ICICIDirect Zerodha Groww
Trading Account Opening Fees Free Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 300 per annum Rs 300 PA Free
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs Zerodha vs Groww on Plan Options

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

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

Account Opening

  Zerodha Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare ICICIDirect vs Zerodha vs Growwon 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.

Zerodha Brokerage Plan detail - Zerodha charges Rs 20 or .03%, whichever is lower, for equity Intraday, F&O, commodity and currency on NSE, BSE and MCX. No upfront brokerage or turnover commitments on your trade. Rs 20 is the maximum brokerage you need to pay per executable order. Zero brokerage on equity delivery trading.

Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.

Brokerage Charges - Compare ICICIDirect vs Zerodha vs Groww
Brokerage Charges Compare ICICIDirect Zerodha Groww
Plan Name NEO Flat Discount Brokerage Plan Max Rs 20 per order Trading Plan Flat Brokerage Plan
Equity Delivery 0.55% Free 0.05% or Rs 20 whichever is lower
Equity Intraday Flat Rs. 20 per order 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Futures Free (Rs. 0 brokerage) 0.03% or Rs 20 whichever is lower Flat Fee Rs 20
Equity Options Flat Rs. 20 per order Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures Flat Rs. 20 per order 0.03% or Rs 20 whichever is lower Not Available
Currency Options Flat Rs. 20 per order Flat Fee Rs 20 Not Available
Commodity Trading Flat Rs. 20 per order Flat Fee Rs 20 Not Available
Minimum Brokerage Rs 35 per trade NIL
Hidden Charges Yes No
Funding Yes - 18% interest PA Info Not Available NA
Call & Trade Charges First 20 call free and Rs 25 there onwards. Rs 50 Per Executable Order Rs 50 Per Executable Order
Auto Square off Charges First 20 call free and Rs 25 there onwards. Rs 50 Per Executable Order Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for Zerodha Brokerage Calculator for Groww
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Share Broker's Transaction Charges

Compare ICICIDirect vs Zerodha vs Groww on Transaction Charges

Compare ICICIDirect vs Zerodha vs Groww on transaction charges and PCM fee by segment.

Transaction Charges - Compare ICICIDirect vs Zerodha vs Groww
Transaction Charges Compare ICICIDirect Zerodha Groww
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 NA
Brokerage Charges Complete Brokerage Plans for icicidirect Complete Brokerage Plans for zerodha Complete Brokerage Plans for groww
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Account Features

Compare ICICIDirect vs Zerodha vs Groww on Account Features

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

Account Features - ICICIDirect vs Zerodha vs Groww
Account Features Compare ICICIDirect Zerodha Groww
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 Groww have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes Yes
Algo Trading No Yes No
SMS Alerts Yes No No
Online Demo Yes Yes No
Online Portfolio Yes Yes Yes
Margin Trading Funding Available Yes No Yes
Combined Ledger for Equity and Commodity No Yes No
Intraday Square-off Time 3:15PM 3:20 PM 3:10 PM
NRI Trading Yes Yes No
Other Features NIL NIL NIL
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Trading Platform

Compare ICICIDirect vs Zerodha vs Growwon Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect vs Zerodha vs Groww. 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 Zerodha vs Groww
Trading Platform Compare ICICIDirect Zerodha Groww
Desktop Trading Platform Trade Racer NA Groww App
Desktop Demo Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes No No
Desktop Platform (Mac) Yes No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://www.icicidirect.com

Zerodha Kite Web

Yes

Web Trading Demo Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes Yes
Mobile Trading Yes Yes Yes
Mobile Trading App ICICI direct Mobile Zerodha Kite App Groww App
Mobile Trading App Demo ICICI direct Mobile Demo Zerodha Kite App Demo Info Not Available
Android Mobile App Yes Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod Zerodha Kite App Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS ICICI direct Mobile Download iOS Zerodha Kite App Download iOS Groww 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 Zerodha Equity Intraday and Delivery Brokerage Calculator for Groww
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for Zerodha Futures Brokerage Calculator for Groww
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for Zerodha Options Brokerage Calculator for Groww
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for zerodha Detail on Trading Platforms for groww

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Broker Ratings by Users

Compare ICICIDirect vs Zerodha vs Groww on User Rating

  ICICIDirect Zerodha Groww
  267 Customer Reviews    Rate ICICIDirect 160 Customer Reviews    Rate Zerodha 8 Customer Reviews    Rate Groww
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 Zerodha is Rated 3.9 / 5 based on 160 customer reviews Groww is Rated 4.3 / 5 based on 8 customer reviews
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Investment Offerings

Compare ICICIDirect vs Zerodha vs Groww on Investment Offerings

Compare ICICIDirect vs Zerodha vs Groww 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 - Zerodha offers Commodity Trading where ICICIDirect and Groww 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 Zerodha and Groww doesn't offers PMS facility.

Investment Offerings - Compare ICICIDirect vs Zerodha vs Groww
Investment Offerings Compare ICICIDirect Zerodha Groww
Equity Cash and F&O Yes Yes Yes
Currency Deravitives Yes Yes No
Commodity No Yes No
Online IPO Application Yes Yes Yes
Mutual Funds Yes Yes Yes
Bond / NCD Yes Yes 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 Yes No
PMS Service Yes No No
Other Investment Options NIL NIL NIL
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Order Types

Compare ICICIDirect vs Zerodha vs Groww on Order Types

Order Type - Compare ICICIDirect vs Zerodha vs Groww 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) - ICICIDirect and Zerodha provides Cover Orders (CO) facility where Groww doesn't provides Cover Orders. Bracket Orders (BO) - All 3 brokers doesn't have Bracket Orders (BO) facility. After Market Orders (AMO) - ICICIDirect and Zerodha AMO facility where Groww doesn't provides AMO. GTC Orders - ICICIDirect and Zerodha offers Good Till Cancelled (GTC) orders facility where Groww doesn't provides GTC.

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

Compare ICICIDirect vs Zerodha vs Groww on Customer Service

Compare ICICIDirect vs Zerodha vs Groww 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 Zerodha vs Groww
Customer Service Compare ICICIDirect Zerodha Groww
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat No No Yes
Phone Support Yes Yes Yes
Toll Free Number No No No
Through Branches Yes Yes No
Customer Care Number 1860 123 1122 "+ 91 80 4040 2020" 9108800604
Account Opening Process Online Online/Paperless Online
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://www.icicidirect.com/knowledge-center https://zerodha.com/varsity/ https://groww.in/academy
Head Office Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai - 400020
Zerodha Headquater
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore - 560078
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website https://www.icicidirect.com https://zerodha.com/ https://groww.in/
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Tips/Research/Reports Published

Compare ICICIDirect vs Zerodha vs Groww on Research Reports, Tips

Compare ICICIDirect vs Zerodha vs Groww on research reports and tips provided by broker.

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

Compare ICICIDirect vs Zerodha vs Groww on Demat Account

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

Demat Charges - Compare ICICIDirect vs Zerodha vs Groww
  ICICIDirect Zerodha Groww
DP Source CDSL CDSL CDSL
DP ID 14300 81600 No
Demat Account Annual Maintenance Charges(AMC) ₹700 pa ₹300 pa Zero
Advance Deposit Rs. 7500/- , If the client is not having ICICI BANK Account Nil Nil
Statutory charges Nil ₹50 Legal Charges
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) ₹8 + ₹5.50 (CDSL Charges) per transaction ₹8 + ₹5.50 CDSL charges
Demat ₹50 per set up ₹150 per certificate + ₹100 courier charges ₹150 per certificate + courier charges
Remat ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹150 per certificate + ₹100 courier charges + CDSL Charges ₹150 per certificate + courier charges
Pledge Creation 0.02% (Min ₹35 and Max ₹25,000) ₹20 + ₹12 CSDL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure 0.02% (Min ₹35 and Max ₹25,000) ₹20 + ₹12 CSDL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation 0.02% (Min ₹35 and Max ₹25,000) ₹20 ₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges ₹30 per transaction ₹50 per instraction ₹50
Other Charges Nil Nil Nil
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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs Zerodha vs Groww on Special Offers and Promotion

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

Compare ICICIDirect vs Zerodha vs Groww on Special Offers and Promotion
  ICICIDirect Zerodha Groww
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, UPI, Online Bank Transfer via IMPS, NEFT or RTGS, Netbanking from Kite
Pay-out/Fund Withdrawal - Bank Transfer only
pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Instant to ICICI Bank. Max 24 hrs except for bank holidays Max 24 hrs except bank holidays
Bank Supported and Charges Info Not Available Around 25 banks allow instant credit facility with charges of Rs 9 from zerodha trading platform (kite/PI). Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.
Bank Detail Direct from your ICICI bank account. HDFC Bank
Account#ZERNSE
Branch: Sandoz Branch, Mumbai
IFSC Code:HDFC0000240
NA
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...

You will enjoy many benefits or advantages while trading with Zerodha;

  • Rs 0 brokerage on investment in stocks
  • Flat Rs 20 intraday and F&O trades
  • Invest in direct mutual funds for free
  • Instant and paperless account opening and closure
  • Mainboard and SME IPO Apply via UPI
  • Modern platforms and apps for free of cost
  • Varsity, a free stock market learning platform
  • No upfront fee required
  • Advance orders; Basket order, Cover order (CO), After market order, GTT, etc.
  • Zero-level Debt Company.

Detail Review...

  • Trade or invest in equity, F&O, mutual funds, IPO, US Stocks
  • Rs 0 account opening fee with no AMC
  • Best UI Interface-enabled app and website
  • Equity and F&O trading at Rs 20 maximum brokerage
  • No cost investment in direct mutual funds.
  • TradingView charts and wide range of technical indicators
  • Advance orders like GTT, Target order, and Basket order
  • Get instant and flexible loans on Groww
  • Get the latest trending news and updates on the Groww Digest

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...

  • Does not offer Lifetime free AMC account
  • No intraday tips, equity research and advisory
  • No unlimited zero brokerage plan for intraday traders
  • No 3-in-1 account
  • Bracket order is not offered by Zerodha
  • No Installable trading terminal
  • Zerodha has a separate platform for every investment product i.e., Kite for stocks, coin for mutual fund, Golden Pi for bonds, etc.
  • Software glitches in Kite happens at certain times.

Detail Review...

  • Does not offer commodity and currency trading
  • No desktop trading terminal
  • Bracket order and cover order are not available
  • No intraday trading tips and stock research reports
  • NRIs cannot open an account in Groww

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. Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges.
Enquire for ICICIDirect Enquire for Zerodha Enquire for Groww

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