ICICI Direct vs Angle One Review 2024 | Which is Better
ICICI Direct vs Angel One
ICICI direct, founded in 1994, is a full-service broker. It offers trading on the BSE and NSE , It offers trading on the BSE and NSE. It operates 154 branches across India. Discount Broker Angel One was founded in 1987. It provides trading on the The National Commodity and Derivatives Exchange (NCDEX) ,Multi Commodity Exchange (MCX), NSE (national stock exchange) ,and BSE ( Bombay stock exchange) .There are 900 of its
branches in India
ICICI Direct
One of the biggest retail stock brokers in India is ICICIdirect. It is a member of the Group ICICI. More than 50 lakh consumers can take advantage of its online trading and investing services. Equity, commodity, and currency trading at the BSE, NSE, and MCX are among the services provided. The company also provides wealth products, home loans, loans against securities, fixed deposits, bonds, NCDs, mutual funds, and initial public offerings (IPOs). The most well-liked offering from ICICI Direct is its 3-in-1 account. In addition to many other features and products, ICICIdirect offers One Click Equity, Margin Trading Funding (MTF), Smart Trading features, Systematic Equity Plan, and easy equity
investment.
Angel One
Angel One Review: A full-service retail broker with online discount brokerage services,is one of the biggest in India and was founded in 1987. In addition to stock and commoditiesbroking, margin finance, loans secured by shares, and distribution of financial goods, thecompany provides a comprehensive variety of trading and investing services. With morethan 19,000 authorised individuals, 110 branches, and 10,000 trade terminals spread acrossmore than 1700 cities, Angel One has a significant local presence.
| ICICI Direct | Angel One | |
| Establishment Year | 1994 | 1987 |
| Founder | Vjay Chandok | Dinesh Thakkar |
| Exchange of Membership | BSE, NSE | MCX, NCDEX and BSE ,NSE. |
| Broker Type | Full Service | Full Service |
| Branches | 154 | 900 |
ICICI Direct vs Angel One Charges
ICICI Direct vs Angel One Offers
ICICI Direct vs Angel One Product Provided
ICICI Direct vs Angel One Advisory Services Provided
Features Of ICICI Direct vs Angel One
ICICI Direct vs Angel One Demat And AMC Charges
The opening fee for an ICICI direct trading account is Rs 0 (free), But an HDFC Securities account requires Rs 999. The AMC charges for ICICIdirect Demat Accounts are Rs 300 (beginning with the second year) and Rs 750 for . Angel One, renowned for its affordable brokerage fees and intuitive interfaces,provides competitive trading and DEMAT account services. The DEMAT account hasan annual maintenance fee of ₹240, however account opening is free. 20% of thecompleted order, or ₹20, is the brokerage, whichever is less. Although somecustomers praise its research and advice services, there are occasionally technicalproblems with the trading software.
| Charges | ICICI Direct | Angel One |
| Demat Account Opening Charges | Rs.0 (Free) | Rs 0 (Free) |
| Demat Account AMC Charges | Rs. 300 (from 2nd year) | Rs 240 on 2nd year onwords |
| Trading Account Opening Charges | Rs. 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs. 0 (Free) | Rs. 0 (Free) |
ICICI Direct vs Angel One Brokerage Charges
ICICIdirect costs 0.55% for equity broking and Rs 20 for intraday orders, whereas Angel One charges no brokerage fees for stock On Delivery. Below the table shows brokerage charges of both the platforms.
ICICI Direct vs Angel One Leverage (Margin)
ICICI direct’s margin for intraday trading is up to 20% of the transaction value (5x leverage) based on the stock, whereas Angel One offers up to 20% of the trade value (5x leverage) for intraday cash transactions, whereas One margin for intraday trading allows up to 20% of the trade value (5x leverage) depending on the stock . Below the table shows leverage margin of both platform.
ICICI Direct vs Zerodha Pros And Cons
Pros:
| ICICI Direct | Angel One |
| 1)Offers a low bandwidth website that performs effectively on sluggish internet connections. 2) Provides a 3-in-1 account that simplifies stock market investing for novice investors. 3) Several investment possibilities are offered through a single platform. 4) GTC (good till cancellation) and off-market hours order placement facility is very useful. | 1)The brokerage fee is Rs 20 per trade in intraday and F&O. 2)Equity delivery trades with brokerage fees. 3)Free trading advice and research reports. 4) Securities are provided for collateral and there is a margin trading facility. 5)Don’t impose fees on NEFT or money transfers. (Some charge about Rs. 10 each 6)RM/local subbroker services available even at bargain brokerages. 7)Ability to contact RM in case of problems (Other well-known brokers). 8) Charges just Rs 20 for intraday square-off and call and trade (others charge Rs 50). Others do not provide free stock and mutual fund advice or ideas . |
Cons:
| ICICI Direct | Angel One |
| 1)Minimum broking’ is set at an extremely high Rs 35 per trade, or 2.5% of the deal amount, whichever is Also There have been reports of a website that performs poorly during business hours. 2) A Demat account is required. 3) IF the broking paid in a month is less than Rs 750, the Trading Terminal (Trade Racer) costs Rs 75 per month. 4) Compared to most Indian retail brokers, ICICI Security charges the highest broking. 5) It charges Call & trade cost extra Rs 50 per trade in Neo/Prime Plans | 1)The trading of SME shares is not provided viaangel broking. 2)The sales staff and Angel RM attempt tocross-sell additional goods and services. 3)There is no GTC/GTT order facility available.not available as a 3-in-1 account. |
Complaints Of ICICI Direct vs Angel One
Data from 2024 reveals that Angel One had more customer complaints than ICICI Direct when
comparing the two companies. In particular, ICICI Direct received 400 complaints and resolved
335 whereas Angel One received 554 complaints and resolved 457. This shows that
ICICI Direct performs better in terms of customer service than Angel One. as seen by the fact
that it has a higher complaint resolution rate and fewer complaints overall.
ICICI Direct vs Angel One Transactions Charges
ICICIdirect transaction charges for options are NSE Rs 5000 per crore (0.05%) | BSE Rs 3700 per crore (0.037%) (based on premium). HDFC Securities’ exchange transaction charges for options are NSE Rs 5000 per crore (0.05%) and BSE Rs 3700 per crore (0.037%) (on premium). the transaction charges of Angelone NSE Rs 5000 per Cr (0.05%) | BSE Rs 500 per Cr (0.375%) (on premium) is the one-time transaction fee for options. Angelone NSE Rs 5000 per Cr (0.05%) | BSE Rs 500 per Cr (0.005%) (on premium) is the one-time transaction fee for options . The table shows some of its transaction charges:
Review Comparison Of ICICI Direct vs Angel one By Customer
CICI direct is rated 3.3 of 5 , whereas Angel One is rated 3.4 of 5
| Rating | ICICI Direct | Angel One |
| Customer Services | 5/10 | 7/10 |
| Fees | 6/10 | 7.5/10 |
| Brokerage Charges | 7/10 | 7.5/10 |
| Trade and Call Charges | 7/10 | 8/10 |
| Research Capabilities | 5/10 | 8/10 |
| Overall Rating | 6.5/10 | 8/10 |
| |
Conclusion: Both ICICI Direct is India’s major broking houses, providing comprehensive trading and investment services. ICICI Direct offers a user-friendly platform, substantial research reports, and excellent customer service. However, it has considerably higher broking fees. ,,Angel One is well-known for providing both novice and seasoned traders with a wealth of research tools, individualised advising services, and a robust offline presence. Conversely,. Finally, the decision is based on personal objectives such as cost, service quality, and platform usability.
Customer Care Number/Email
ICICI Direct : +91 1860123112
Angel One: (1800 1020)
Client can contact this number for clearing your doubt.
Support Email ICICI Direct : helpdesk@icicidirect.com
Angel One Support Email: support@angelone.in
Client can contact this email for clearing your doubt.
ICICI Direct vs Zerodha
ICICI direct, founded in 1994, is a full-service broker. It offers trading on the BSE and NSE , It offers trading on the BSE and NSE. It operates 154 branches across India. HDFC Securities, founded in 2000, is a full-service broker. It offers trading on the BSE and NSE. It operates 270 branches across India. Discount Broker Zerodha was founded in 2010 , is a Discount broker. Trading is available at MCX, NCDEX, BSE, and NSE. There are 22 of its branches in India.
ICICI Direct
One of the biggest retail stock brokers in India is ICICIdirect. It is a member of the Group ICICI. More than 50 lakh consumers can take advantage of its online trading and investing services. Equity, commodity, and currency trading at the BSE, NSE, and MCX are among the services provided. The company also provides wealth products, home loans, loans against securities, fixed deposits, bonds, NCDs, mutual funds, and initial public offerings (IPOs). The most well-liked offering from ICICI Direct is its 3-in-1 account. In addition to many other features and products, ICICIdirect offers One Click Equity, Margin Trading Funding (MTF), Smart Trading features, Systematic Equity Plan, and easy equityinvestment.
Zerodha
Zerodha Review: Right now, Zerodha is the top stock broker. They are thought to be the most transparentstock broker, have a cheap brokerage fee, and provide a great online trading platform. Theybecome the fintech firm in India with the quickest growth rate through constant innovationand improvement. These are Zerodha’s main advantages. For its clients, it has developed avariety of trading software. These include the online and mobile trading platform ZerodhaKite, the mutual fund investment platform Coin, the investor education programme Varsity,the trading Q&A, and numerous other resources. In addition, Zerodha provides the followingplatforms: GoldenPi (bond trading), Sensibull (options trading), Streak (algo & strategyplatform), Small case (thematic investment platform), and Ditto (insurance).
| ICICI DirectZerodhaEstablishment Year19942010FounderVjay ChandokNithin And Nikhil KamathExchange ofMembershipBSE, NSENSE, BSE,NCDEX andMCXBroker TypeFull ServiceDiscountCompany TypePublicPrivateBranches15422 |
| ChargesICICI DirectZerodhaTrade and Call ChargeRs 50 per tradeAdditional Rs 20 perexecuted orderMinimum BrokerageChargesRs 35 per trade(I-Secure Plan)0.02% in Intraday and F&OOther ChargesMargin TradingInterest: 0.025% PerdayPhysical contact : Rs 20,Trade SMS Alerts: Rs 1 perSMS |
| OffersICICI DirectZerodhaFree AMCFree BrokerageFree Account OpeningChargeFlat BrokerageChargesFlexible BrokerageChargesFree Intraday ChargesDelivery ChargesMargin Funding andPledgingFree F&O TradingRefferal OffersRs. 500 PerClient10% + 300Points per ClientZero brokerage forLoss Making TradeBrokerage CashbackFree Trading CallsFree Research Report |
| TypeICICI DirectZerodhaEquity DeliveryEquity IntradayEquity OptionEquity FutureCurrency OptionCurrency FutureCommodity OptionsCommodity FutureMutual FundsForeign stocksBankingInsuranceDigital GoldGovt. BondsCorporate Bonds |
| TypeICICI DirectZerodhaIPO ServiceWeekly and MonthlyReviewDaily Stock Picks and Stock TipsPMS or PCGTrading InstitutionYes, Zerodha VarsityDemat and TradingServiceIntraday ServiceShare PledgingNRI Service3 In 1 AccountCompany and Annual ReportStock Recommendationand Research report |
| FeaturesICICI DirectZerodhaChartAutomated Trading3 in 1 AccountSms AlertsMargin Against Shares (Equity Cash)Margin Against Shares(Equity F&O)Online PortfolioOnline DemoIntraday Square-Off Time3:50 PMCurrency: 4:45PM |Commodities: 25min before close and Eq Cash:3:15 PM | Eq ,,F&O : 3:25 PMGlobal IndicesReal Time UpdateStock TipsMulti Profile ManagementInteractive ChartsCustomised RecommendationOnline MF Buy |
The opening fee for an ICICIdirect trading account is Rs 0 (free), But an HDFC Securities account requires Rs 999. The AMC charges for ICICIdirect Demat Accounts are Rs 300 (beginning with the second year) and Rs 750 for . While Zerodha has no annual maintenance cost (AMC) for trading accounts, but charges a ₹300+GST yearly fee for DEMAT accounts. Many investors favour it because of its competitive cost, user-friendly layout, and excellent customer service .
| ChargesICICI DirectZeorodhaDemat Account Opening ChargesRs.0 (Free)Rs 0Demat Account AMC ChargesRs. 300 (from 2ndyear)Rs 300Trading Account Opening ChargesRs. 0 (Free)Rs 0Trading Account AMC ChargesRs. 0 (Free)Rs. 0 (Free) |
ICICIdirect costs 0.55% for equity broking and Rs 20 for intraday orders, whereas Zerodha costs Rs 20 per completed transaction or 0.02%, whichever is lesser.Belw the table shows brokerage charges of both the platforms.
| Brokerage ChargesICICI DirectZerodhaBrokerage PlanNeo PlanFlat BrokerageEquity Delivery0.27% of Total Transaction0.32% ofTransactionValueEquity IntradayRs. 20 per TradeRs 20 per executed orderor 0.02% whichever is lesserEquity OptionRs. 20 per TradeRs 20 per executedplan/orderEquity FutureFreeRs 20 per executed plan/order or .03% whichever islesserCurrency OptionRs. 20 per TradeRs 20 per executedplan/orderCurrency FutureRs. 20 per TradeRs 20 per executedplan/order or .03%whichever is lesserCommodity OptionRs. 20 per TradeRs 20 per executedplan/orderCommodity FutureRs. 20 per TradeRs 20 per executed plan/order or .03% whichever islesser |
ICICI direct’s margin for intraday trading is up to 20% of the transaction value (5x leverage) based on the stock, whereas Zerodha offers up to 20% of the trade value (5x leverage) for intraday cashtransactions, whereas One margin for intraday trading allows up to 20% of the trade value(5x leverage) depending on the stock . Below the table shows leverage margin of both platform.
| LeverageICICI DirectZerodhaEquity Delivery100% of trade value (1x leverage)100% of tradevalue (1x leverage)Equity IntradayUp to 20% of trade value (5x leverage)20% maximum of tradevalue (5x/ times leverage)F&O (Currency, Equity,Commodity)100% of NRMLmargin (Span + Exposure) (1x leverage)Span + Exposure = 100%of NRML margin (1x leverage ) |
| ICICI DirectZerodha1)Offers a low bandwidth website thatperforms effectively on sluggish internet connections.2) Provides a 3-in-1 account thatsimplifies stock market investing fornovice investors.3) Several investment possibilities areoffered through a single platform.4) GTC (good till cancellation) andoff-market hours order placementfacility is very useful.1)India’s leading broker interms of active clients,trading volume, andbrokerage revenue. Safe,dependable, and the mosttechnologically advancedbroker in India.2)People under the age of25 can establish anaccount for free.3)For all other categories,a flat brokerage fee of Rs20 per trade. Great freetrading platforms (Kite)are offered.4)It is possible to investdirectly in mutual funds.5)Orders that are GoodUntil Triggered (GTT) areaccessible. GTC ordersare comparable to these.6)basic flat-fee brokerageservices on all exchangesand divisions (MCX, NSE,BSE). Trades involvingfree equity distribution.Orders usingCash-N-Carry incur nobrokerage fees.7)NRI can open tradingaccount. |
| ICICI DirectZerodha1)Minimum broking’ is set at anextremely high Rs 35 per trade, or2.5% of the deal amount, whichever isAlso There have been reports of awebsite that performs poorly duringbusiness hours.2) A Demat account is required.3) IF the broking paid in a month is lessthan Rs 750, the Trading Terminal(Trade Racer) costs Rs 75 per month.4) Compared to most Indian retailbrokers, ICICI Security charges thehighest broking.5) It charges Call & trade cost extra Rs50 per trade in Neo/Prime Plans1)It doesn’t offer research,recommendations, or stocksuggestions.2 Each order incurs anadditional Rs 50 for Call &Trade.3)There is also a 3-in-1account not available. Thereare no monthly unlimitedtrading subscriptionsavailable.4)AMC Free Demataccounts are not providedby it. No margin financing.5)An additional Rs 50 is paidfor each order for autosquare off. |
CICI direct is rated 3.3 of 5 , whereas Zerodha is rated 3.4 of 5
| RatingICICI DirectZerodhaCustomer Services⭐⭐⭐⭐⭐⭐⭐Fees⭐⭐⭐⭐⭐Brokerage Charges⭐⭐⭐⭐⭐Trade and Call Charges⭐⭐⭐⭐⭐⭐Research Capabilities⭐⭐⭐⭐⭐Overall Rating⭐⭐⭐⭐⭐⭐ |
| ComplaintsICICI DirectZerodhaTotal Complaints Lodged400339Total Complaints Resolved335307% Of Total Complaints Resolved85.62%90.56%Non Actionable Complaints1820% Of Non Actionable Complaints4.00%9.90% |
ICICIdirect transaction charges for options are NSE Rs 5000 per crore (0.05%) | BSE Rs 3700 per crore (0.037%) (based on premium). HDFC Securities’ exchange transaction charges for options are NSE Rs 5000 per crore (0.05%) and BSE Rs 3700 per crore (0.037%) (on premium).the transaction charges of ZERODHA is Flat fee of ₹ 20 or 0.03% (whichever is less) for each executed order in intraday commodities, currency, and equities trading , also The exchange costs for options on Zerodha are as follows: NSE Rs 5050 per crore (0.0505%) | BSE Rs 500 per crore (0.005%) (plus premium). The table shows some of its transaction charges:
| Transaction Charges ICICI DirectZerodhaEquity Delivery0.00325% (NSE)& As per Stock(BSE)0.00325% (NSE) &0.00375% (BSE)Equity Intraday0.00325% (NSE)& As per Stock(BSE)0.00325% (NSE) &0.00375% (BSE)Equity Option0.053% (onpremium)0.05% (on premium)Equity Future0.0019% (NSE &BSE)0.0019% (NSE & BSE)Currency Option0.035% (NSE) &0.001% (BSE)0.035% (NSE) & 0.001%(BSE)Currency Future0.0009% (NSE) &0.00022% (BSE)0.0009% (NSE) &0.00025% (BSE)Commodity Option0.05% (Non Agri)0.05% (Non Agri)Commodity Future0.0021%(Non-Agri) /0.006% (Agri) /0.0005% (Special)0.0021% (Non-Agri) /0.006% (Agri) /0.0005% (Special) |
Conclusion: Both ICICI Direct is India’s major broking houses, providing comprehensive trading and investment services. ICICI Direct offers a user-friendly platform, substantial research reports, and excellent customer service. However, it has considerably higher broking fees. ,,Zerodha is praised for its low-cost architecture, intuitive user interface, and cutting-edge technologies like the Kite platform. It is especially appealing to traders who are tech-savvy yet cost-conscious. Though both sites are trustworthy and regulated, the decision comes down to personal preferences: Zerodha offers affordable costs and cutting-edge technology. Finally, the decision is based on personal objectives such as cost, service quality, and platform usability.
Customer Care Number/Email
ICICI Direct : +91 1860123112Zerodha: (080 4718 1888) or (080 4718 1999) .Client can contact this number for clearing your doubt.Support Email ICICI Direct : helpdesk@icicidirect.comZerodha Support Email: support@zerodha.comClient can contact this email for clearing your doubt.
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