ICICI Direct vs SBI Securities Reviews 2024 | Which Is Better
|ICICI Direct vs SBI Securities
Paytm Money , founded in 2017 , is a discount broker. It offers trading on the NSE and BSE. It has one branch across India.Full Service Broker SBI Securities was founded in 2006. It provides trading on the The, Multi Commodity Exchange, NSE (national stock exchange) ,and BSE ( Bombay stock exchange) .There are 132 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.
SBI Securities
SBI Securities Ltd (SSL) is the State Bank Group’s stock broking arm and a 100%
subsidiary of SBI Capital Markets Ltd. SSL is a full-service stockbroker. The company,
founded in 2006, provides Institutional Equity, Retail Equity, Derivatives, Broking, Depository
services, and Third Party Distribution products. They also offer online trading services for
investors and traders.
Also SBI Smart is the company’s premier trading platform. The portal enables both resident
and non-resident Indians (NRIs) to invest online in equity, derivatives, mutual funds, ETFs,
IPOs, and NCDs. It also provides financing products such as home loans, car loans, and
loans against securities (LAS). SSL is registered with the Securities Exchange Board of India
and is a Depository Participant with NSDL and CDSL.
Kotak Securities, founded in 1994, is a full-service broker. It offers trading on the BSE, NSE,
MCX, and NCDEX. It operates 153 branches across India. SBI Securities, founded in 2001,
is a full-service broker. It offers trading on the BSE and NSE. It operates 117 branches
across India.
ICICI Direct | SBI Securities | |
Establishment Year | 1994 | 2006 |
Founder | Vjay Chandok | Arun Mehta |
Exchange of Membership | NSE, BSE | BSE & NSE. |
Broker Type | Full Service Broker | Full Service Broker |
Branches | 154 | 132 |
ICICI Direct vs SBI Securities Charges
Charges | ICICI Direct | SBI Securities |
Trade and Call Charge | Rs 50 per trade | Rs 10 per call (after 30 free calls a month |
Minimum Brokerage Charges | Rs 35 per trade (I-Secure Plan) | Rs 0.05 for Cash, Rs 0.01 Future |
Other Charges | Margin Trading Interest: 0.025% Per day | NA |
ICICI Direct vs SBI Securities Offers
Offers | ICICI Direct | SBI Securities |
Free AMC | ||
Free Brokerage | ||
Free Account Opening Charge | ||
Flat Brokerage Charges | , | |
Flexible Brokerage Charges | “] | |
Free Intraday Charges | ||
Free Delivery Charges | ||
Margin Funding and Pledging | ||
Refferal Offers | Rs. 500 Per Client | Upto Rs.700 per Client |
Zero brokerage for Loss Making Trade | , Limited | |
Brokerage Cashback | ||
Free Trading Calls | ||
Free Research Report | ||
ICICI Direct vs SBI Securities Product Provided
Type | ICICI Direct | SBI Securities |
Equity Delivery | ||
Equity Intraday | ||
Equity Option | ||
Equity Future | ||
Currency Option | ||
Currency Future | ||
Commodity Options | ||
Commodity Future | ||
Mutual Funds | ||
Foreign stocks | ||
Banking | ||
Insurance | ||
Digital Gold | ||
Govt. Bonds | ||
Corporate Bonds | ||
ICICI Direct vs SBI Securities Advisory Services Provided
Type | ICICI Direct | SBI Securities |
IPO Service | icon name=”check” prefix=”fas”] | |
Weekly and Monthly Review | icon name=”check” prefix=”fas”] | |
Daily Stock Picks and Stock Tips | icon name=”check” prefix=”fas”] | |
PMS or PCG | icon name=”check” prefix=”fas”] | |
Trading Institution | , Investor Sarathi | |
Demat and Trading Service | ||
Intraday Service | ||
Share Pledging | ||
NRI Service | ||
3 In 1 Account | ||
Company and Annual Report | ||
Stock Recommendation and Research report | ||
Features Of ICICI Direct vs SBI Securities
Features | ICICI Direct | SBI Securities |
Chart | ||
Automated Trading | ||
3 in 1 Account | ||
Sms Alerts | ||
Margin Against Shares (Equity Cash) | ||
Margin Against Shares (Equity F&O) | ||
Online Portfolio | ||
Online Demo | ||
Intraday Square-Off Time | 3:50 PM | 2:45 PM |
Global Indices | ||
Real Time Update | ||
Stock Tips | ||
Multi Profile Management | ||
Interactive Charts | ||
Customised Recommendation | ||
Online MF Buy | ||
Paytm Money vs ICICi Direct 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 . SBI Securities account opening fees are Rs 850. SBI Securities Demat Account AMC Charges are Rs 750 (free for the first year). Below the table shows Charges of both the platform.
Charges | ICICI Direct | SBI Securities |
Demat Account Opening Charges | Rs.0 (Free) | Rs 850 |
Demat Account AMC Charges | Rs. 300 (from 2nd year) | 750 (Free for 1st Year) |
Trading Account Opening Charges | Rs. 0 (Free) | Rs 850 |
Trading Account AMC Charges | Rs. 0 (Free) | Rs 850 |
Paytm Money vs ICICI Direct Brokerage Charges
CICI direct costs 0.55% for equity broking and Rs 20 for intraday orders. whereas HDFC Securities charges 0.32% for equity broking and 0.032% for intraday trading. Special Offer: Invest in Equity Delivery and Direct Mutual Funds without paying any broking fees. Intra-day and F&O trades are charged a flat rate of Rs 20.Below the table shows brokerage charges of both the platforms.
Brokerage Charges | ICICI Direct | SBI Securities |
Brokerage Plan | Neo Plan | Standard Plan |
Equity Delivery | 0.27% of Total Transaction | 0.50% of Transaction Value |
Equity Intraday | Rs. 20 per Trade | 0.075% of Transaction Value |
Equity Option | Rs.15 per Trade | Rs.50 to Rs.100 per lot |
Equity Future | FREE | 0.05% of Transaction Value |
Currency Option | Rs. 20 per Trade | Rs.20 to Rs.30 per lot |
Currency Future | Rs. 20 per Trade | 0.05% of Transaction Value |
Commodity Option | NA | Rs.50 to Rs.100 per lot |
Commodity Future | Rs. 20 per Trade | 0.05% of Transaction Value |
ICICI Direct vs SBI Securities Leverage (Margin)
ICICI direct’s margin for intraday trading is up to 20% of the transaction value (5x leverage) based on the stock, while the SBI Securities margin for intraday cash is likewise up to 20% of the trade value (5x leverage). Below the table shows some of its margin leverage
Leverage | ICICI Direct | SBI Securities |
Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value of (1x leverage) |
Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value of (5x leverage) |
F&O (Currency, Equity, Commodity) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
ICICI Direct vs SBI Securities Pros And Cons
Pros:
ICICI Direct | SBI Securities |
1)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)It Offer a 3-in-1 account foreasy transactions. 2) A wide variety of investingopportunities. Free researchreports are accessible. 3) Full-service broker thatprovides services both onlineand through branches. |
Cons:
ICICI Direct | SBI Securities |
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)Full-service broker thatprovides services both onlineand through branches. 2) Offer a 3-in-1 account foreasy transactions. 3) A wide variety of investingopportunities. Free researchreports are available. |
Complaints Of ICICI Direct vs SBI Securities
Data from 2024 reveals that ICICI Direct received 400 complaints and resolved 335 whereas whereas SBI Securities received 180 complaints and resolved 161. This shows that SBI Securities performs better in terms of customer service than ICICI Direct . as seen by the fact that it has a higher complaint resolution rate and fewer complaints overall.
Complaints | ICICI Direct | SBI Securities |
Total Complaints Lodged | 400 | 180 |
Total Complaints Resolved | 335 | 161 |
% Of Total Complaints Resolved | 85.62% | 80.50 % |
Non Actionable Complaints | 18 | 12 |
% Of Non Actionable Complaints | 4.00% | 6.30% |
ICICI Direct vs SBI Securities Transactions Charges
Below the table shows Equity Intraday, Equity Delivery, Equity Option , Future and
Commodity options/ Future and Currency Option/Future Transaction charges of both the
platform.
Transaction Charges | ICICI Direct | SBI Securities |
Equity Delivery | 0.00325% (NSE) & As per Stock (BSE) | 0.00335% (NSE) &0.00375% (BSE) |
Equity Intraday | 0.00325% (NSE) & As per Stock (BSE) | 0.00335% (NSE) & 0.00375% (BSE) |
Equity Option | 0.053% (on premium) | 0.053% (on premium) |
Equity Future | 0.0019% (NSE & BSE) | 0.002% (NSE & BSE) |
Currency Option | 0.035% (NSE) & 0.001% (BSE) | 0.037% (NSE) & 0.001% (BSE) |
Currency Future | 0.0009% (NSE) & 0.00022% (BSE) | 0.0009% (NSE) & 0.00022% (BSE) |
Commodity Option | NA | 0.05% (Non Agri) |
Commodity Future | 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special) | NA |
Review Comparison Of ICICI Securities vs SBI Securities By Customer
ICICI Direct is rated 8 of 10 , whereas SBI Securities is rated 8.5 of 10
Rating | ICICI Direct | SBI Securities |
Brokerage | 8/10 | 8/10 |
Customers Service | 8.5/10 | 8.5/10 |
Fees | 9/10 | 6/10 |
Trading Platform | 7.5/10 | 8.5/10 |
Research | 610 | 9/10 |
Broker Rating | 7/10 | 8/10 |
Overall Rating | 8/10 | 8.5/10 |
Conclusion: . 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. SBI Securities, supported by the State Bank of India, offers dependable services at cheap broking fees and high customer confidence. Choosing between them is based on the importance of sophisticated features versus cost-efficiency and trust.
Customer Care Number/Email
ICICI Direct : +91 1860123112
SBI Securities:- 022-42273373
Client can contact this number for clearing your doubt.
Support Email ICICI Direct : helpdesk@icicidirect.com
SBI Securities Support Email :- helpdesk@sbicapsec.co
Client can contact on this email for clearing your doubt.