FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
The brokerage of ICICIDirect ranges between Rs. 20, the brokerage of Zerodha ranges between Rs 20, while the brokerage of SBICAP Securities ranges between .05 to 0.50%. The broker ICICIDirect and SBICAP Securities are full service brokers where Zerodha is a discount broker. Overall rating for ICICIDirect is 4, Zerodha is rated 4.5, SBICAP Securities is rated 4 out of 5.
Here we present side-by-side comparison of ICICIDirect vs Zerodha vs SBICAP Securities 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 SBICAP Securities 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 SBICAP Securities in this setion with 360 degree view of broker information.
In this section we have compared ICICIDirect vs Zerodha vs SBICAP Securities on trading & demat account opening charges and AMC. Trading account opening charges - ICICIDirect and Zerodha offer Free account opening where SBICAP Securities charges Rs 850 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 SBICAP Securities charges Rs 500 PA AMC for Demat account.
Charges | ICICIDirect | Zerodha | SBICAP Securities |
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Trading Account Opening Fees | Free | Free | Rs 850 |
Trading AMC | Free | Free | Free |
Demat Account Opening Fees | Free | Free | Free |
Demat AMC | Rs 300 per annum | Rs 300 PA | Rs 500 PA |
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Plans are the most important feature you look when compare ICICIDirect vs Zerodha vs SBICAP Securities. This section copare on high level about type of plans offered by brokers. Miltiple Plans - ICICIDirect offers Multiple Plans where Zerodha and SBICAP Securities doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
Plan Types | ICICIDirect | Zerodha | SBICAP Securities |
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Multiple Plans | ![]() |
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Monthly Plans | ![]() |
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Yearly Plans | ![]() |
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Zerodha | Zerodha | Zerodha | |
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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.
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.
SBICAP Securities Brokerage Plan detail - This is a standard plan by SBI Securities. This is a fixed percentage-based brokerage plan. Brokerage is between .05% to .5%, which is 5 paisa to 50 paise.
Brokerage Charges Compare | ICICIDirect | Zerodha | SBICAP Securities |
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Plan Name | NEO Flat Discount Brokerage Plan | Max Rs 20 per order Trading Plan | Standard or default brokerage plan |
Equity Delivery | 0.55% | Free | 0.50% |
Equity Intraday | Flat Rs. 20 per order | 0.03% or Rs 20 whichever is lower | 0.05% |
Equity Futures | Free (Rs. 0 brokerage) | 0.03% or Rs 20 whichever is lower | 0.05% |
Equity Options | Flat Rs. 20 per order | Flat Fee Rs 20 | Rs 100 Per Lot |
Currency Futures | Flat Rs. 20 per order | 0.03% or Rs 20 whichever is lower | 0.03% |
Currency Options | Flat Rs. 20 per order | Flat Fee Rs 20 | Rs 30 Per Lot |
Commodity Trading | Flat Rs. 20 per order | Flat Fee Rs 20 | Rs. 100 per lot |
Minimum Brokerage | Rs 35 per trade | NIL | Rs 0.05 for Cash, Rs 0.01 Future |
Hidden Charges | Yes | No | |
Funding | Yes - 18% interest PA | Info Not Available | Yes - 24% interest PA |
Call & Trade Charges | First 20 call free and Rs 25 there onwards. | Rs 50 Per Executable Order | Free First 30 calls per month, after Rs 10 per call - Max 3 scripts can be trade per call. |
Auto Square off Charges | First 20 call free and Rs 25 there onwards. | Rs 50 Per Executable Order | First Free 30 per month, after Rs 10 per square-off |
Brokerage Calculator | Brokerage Calculator for ICICIDirect | Brokerage Calculator for Zerodha | Brokerage Calculator for SBICAP Securities |
Compare ICICIDirect vs Zerodha vs SBICAP Securities on transaction charges and PCM fee by segment.
Transaction Charges Compare | ICICIDirect | Zerodha | SBICAP Securities |
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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 | NA |
Brokerage Charges | Complete Brokerage Plans for icicidirect | Complete Brokerage Plans for zerodha | Complete Brokerage Plans for sbicap-securities |
Compare ICICIDirect vs Zerodha vs SBICAP Securities on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - ICICIDirect and SBICAP Securities offers 3-in-1 Account where Zerodha offers only 2-in-1 account which includes trading and demat account. Margin Funding - ICICIDirect offers margin funding where Zerodha and SBICAP Securities doesn't offers margin funding. NRI Trading - All 3 brokers offers NRI Trading.
Account Features Compare | ICICIDirect | Zerodha | SBICAP Securities |
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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 | 3:20 PM | 3:15PM |
NRI Trading | ![]() |
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Other Features | NIL | NIL | Trading software terminal: ODIN Diet |
With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect vs Zerodha vs SBICAP Securities. 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 Zerodha vs SBICAP Securities 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 SBICAP Securities 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 SBICAP Securities doesn't offers PMS facility.
Investment Offerings Compare | ICICIDirect | Zerodha | SBICAP Securities |
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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 Zerodha vs SBICAP Securities 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) - SBICAP Securities provides Bracket Orders (BO) facility where ICICIDirect and Zerodha 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 Type Compare | ICICIDirect | Zerodha | SBICAP Securities |
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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 Zerodha vs SBICAP Securities 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 | Zerodha | SBICAP Securities |
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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 | "+ 91 80 4040 2020" | 022 6854 5555 |
Account Opening Process | Online | Online/Paperless | Offline |
Customer Support Email | [email protected] | [email protected] | [email protected] |
Knowledge Center/Education | https://www.icicidirect.com/knowledge-center | https://zerodha.com/varsity/ | https://www.sbismart.com/education |
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 |
SBICAP SECURITIES LTD., A&B WING, MARATHON FUTUREX 12TH FLOOR, N.M.JOSHI MARG LOWER PAREL, MUMBAI - 400013 |
Website | https://www.icicidirect.com | https://zerodha.com/ | https://www.sbismart.com |
Compare ICICIDirect vs Zerodha vs SBICAP Securities on research reports and tips provided by broker.
ICICIDirect | Zerodha | SBICAP Securities | |
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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 Zerodha vs SBICAP Securities on Demat Service and Charges. This section cover about demat charges, demat service and other details
ICICIDirect | Zerodha | SBICAP Securities | |
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DP Source | CDSL | CDSL | CDSL |
DP ID | 14300 | 81600 | 19300 |
Demat Account Annual Maintenance Charges(AMC) | ₹700 pa | ₹300 pa | ₹500 |
Advance Deposit | Rs. 7500/- , If the client is not having ICICI BANK Account | Nil | 0 for all |
Statutory charges | Nil | ₹50 | Nil |
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 | 0.01% of the transaction value (Min ₹21 and Max ₹300) |
Demat | ₹50 per set up | ₹150 per certificate + ₹100 courier charges | ₹5 per certificate + ₹35 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 | ₹35 per certificate + CDSL Charges |
Pledge Creation | 0.02% (Min ₹35 and Max ₹25,000) | ₹20 + ₹12 CSDL charges | 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges |
Pledge Creation Confirmation | 0.02% (Min ₹35 and Max ₹25,000) | Nil | 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges |
Pledge Closure | 0.02% (Min ₹35 and Max ₹25,000) | ₹20 + ₹12 CSDL charges | 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges |
Pledge Closure Confirmation | 0.02% (Min ₹35 and Max ₹25,000) | Nil | 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges |
Pledge Invocation | 0.02% (Min ₹35 and Max ₹25,000) | ₹20 | 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges |
Failed Instruction Charges | ₹30 per transaction | ₹50 per instraction | ₹10 |
Other Charges | Nil | Nil | Nil |
Compare ICICIDirect vs Zerodha vs SBICAP Securities on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
ICICIDirect | Zerodha | SBICAP Securities | |
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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, UPI, Online Bank Transfer via IMPS, NEFT or RTGS, Netbanking from Kite 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 SBISmart Mobile, SBISMART XPRESS Desktop and SBISMART Web application. Pay-out/Fund Withdrawal - Bank Transfer only |
Payout Time | Instant to ICICI Bank. | Max 24 hrs except for bank holidays | Upto 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). | Direct to SBI Bank. |
Bank Detail | Direct from your ICICI bank account. | HDFC Bank Account#ZERNSE Branch: Sandoz Branch, Mumbai IFSC Code:HDFC0000240 |
Direct to SBI bank account |
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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. | 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 SBICAP Securities |
Last Updated on 2023-09-14T04:34:26+00:00