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What is ICICIDirect Bullet Brokerage Plan?

ICICIDirect Bullet Brokerage Plan also known as “Free Brokerage Plan from ICICI Direct”. This plan is valid on Intraday Margin plus Trades which are square off in 5 minutes. When you do intraday trade with Margin Plus product and close your position in 5 minutes, you don’t have to pay any brokerage. You can square off your position with low breakeven point. In Bullet Brokerage plan, your brokerage charges will be Zero, other regulatory charges need to be paid as SEBI and Exchange requirement which includes – Exchange transaction Charges (ETC), SEBI Turnover fees (STF), STT, Stamp Duty, GST on ETC and STE.

As you get higher margin with margin plus product, your return on Investment will be much higher if you are able to square off your position in positive scenario in bullet plan.

Advantage of ICICIDirect Bullet Brokerage Plan

  • You will get high margin – for Rs 20000 trade you need Rs 1000 as margin amount. Which is around 200 x margins.
  • Stop Loss order.
  • Profit order – or Bracket order, you can fix your profit and place profit order with Stop Loss order.
  • Zero Brokerage or Free Brokerage plan.
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  1. The Pioneer Discount Broker
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User Reviews

2. vijay kumar May 16 2020 11:55:13 PM Reply
I have opted prime plan in ICICIDirect where bullet brokerage activated but they are charging full brokerage which is not fare.

there are many times i have called in customer service but nobody responding properly over phone as well as email in this case very difficult to trade in icici direct account
1. sanjay bhawnani Apr 18 2019 02:17:14 PM Reply
This plan is good, but why one will trade with ICICIDirect to save Just Rs 20 and take a high risk. Zerodha, SAMCO, 5paisa, Upstox are allowing you to trade in less than Rs 20. The only good thing is Margin is really high, which you will not get with discount brokers.