ICICI Direct vs Zerodha Review 2024 | Which Is Better

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 equity
investment.

Zerodha

Zerodha Review: Right now, Zerodha is the top stock broker. They are thought to be the most transparent
stock broker, have a cheap brokerage fee, and provide a great online trading platform. They
become the fintech firm in India with the quickest growth rate through constant innovation
and improvement. These are Zerodha’s main advantages. For its clients, it has developed a
variety of trading software. These include the online and mobile trading platform Zerodha
Kite, the mutual fund investment platform Coin, the investor education programme Varsity,
the trading Q&A, and numerous other resources. In addition, Zerodha provides the following
platforms: GoldenPi (bond trading), Sensibull (options trading), Streak (algo & strategy
platform), Small case (thematic investment platform), and Ditto (insurance).

	ICICI Direct	Zerodha
Establishment Year	1994	2010
Founder	Vjay Chandok	Nithin And Nikhil Kamath
Exchange of Membership	BSE, NSE	NSE, BSE,NCDEX and MCX
Broker Type	Full Service	Discount
Company Type	Public	Private
Branches	154	22
	Open ICICI Securities Account	Open Zerodha Account

ICICI Direct vs Zerodha Charges

Charges	ICICI Direct	Zerodha
Trade and Call Charge	Rs 50 per trade	Additional Rs 20 per executed order
Minimum Brokerage Charges	Rs 35 per trade (I-Secure Plan)	0.02% in Intraday and F&O
Other Charges	Margin Trading Interest: 0.025% Per day	Physical contact : Rs 20, Trade SMS Alerts: Rs 1 per SMS
	Open ICICI Securities Account	Open Zerodha Account

ICICI Direct vs Zerodha Offers

Offers	ICICI Direct	Zerodha
Free AMC
Free Brokerage
Free Account Opening Charge
Flat Brokerage Charges
Flexible Brokerage Charges
Free Intraday Charges
Delivery Charges
Margin Funding and Pledging
Free F&O Trading
Refferal Offers	Rs. 500 Per Client	10% + 300 Points per Client
Zero brokerage for Loss Making Trade
Brokerage Cashback
Free Trading Calls
Free Research Report
	Open ICICI Securities Account	Open Zerodha Account

ICICI Direct vs Zerodha Product Provided

Type	ICICI Direct	Zerodha
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
	Open ICICI Securities Account	Open Zerodha Account

ICICI Direct vs Zerodha Advisory Services Provided

Type	ICICI Direct	Zerodha
IPO Service
Weekly and Monthly Review
Daily Stock Picks and Stock Tips
PMS or PCG
Trading Institution		Yes, Zerodha Varsity
Demat and Trading Service
Intraday Service
Share Pledging
NRI Service
3 In 1 Account
Company and Annual Report
Stock Recommendation and Research report
	Open ICICI Securities Account	Open Zerodha Account

Features Of ICICI Direct vs Zerodha

Features	ICICI Direct	Zerodha
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	Currency: 4:45 PM | Commodities: 25 min before close and Eq Cash: 3:15 PM | Eq , ,F&O : 3:25 PM
Global Indices
Real Time Update
Stock Tips
Multi Profile Management
Interactive Charts
Customised Recommendation
Online MF Buy
	Open ICICI Securities Account	Open HDFC Securities Account

ICICI Direct vs Zerodha Demat And AMC Charges

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 .

Charges	ICICI Direct	Zeorodha
Demat Account Opening Charges	Rs.0 (Free)	Rs 0
Demat Account AMC Charges	Rs. 300 (from 2nd year)	Rs 300
Trading Account Opening Charges	Rs. 0 (Free)	Rs 0
Trading Account AMC Charges	Rs. 0 (Free)	Rs. 0 (Free)
	Open ICICI Securities Account	Open Zerodha Account

ICICI Direct vs Zerodha Brokerage Charges

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 Charges	ICICI Direct	Zerodha
Brokerage Plan	Neo Plan	Flat Brokerage
Equity Delivery	0.27% of Total Transaction	0.32% of Transaction Value
Equity Intraday	Rs. 20 per Trade	Rs 20 per executed order or 0.02% whichever is lesser
Equity Option	Rs. 20 per Trade	Rs 20 per executed plan/order
Equity Future	Free	Rs 20 per executed plan/ order or .03% whichever is lesser
Currency Option	Rs. 20 per Trade	Rs 20 per executed plan/order
Currency Future	Rs. 20 per Trade	Rs 20 per executed plan/order or .03% whichever is lesser
Commodity Option	Rs. 20 per Trade	Rs 20 per executed plan/order
Commodity Future	Rs. 20 per Trade	Rs 20 per executed plan/ order or .03% whichever is lesser
	Open ICICI Securities Account	Open Zerodha Account

ICICI Direct vs Zerodha Leverage (Margin)

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 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.

Leverage	ICICI Direct	Zerodha
Equity Delivery	100% of trade value (1x leverage)	100% of trade value (1x leverage)
Equity Intraday	Up to 20% of trade value (5x leverage)	20% maximum of trade value (5x/ times leverage)
F&O (Currency, Equity, Commodity)	100% of NRML margin (Span + Exposure) (1x leverage)	Span + Exposure = 100% of NRML margin (1x leverage )
	Open ICICI Securities Account	Open Zerodha Account

ICICI Direct vs Zerodha Pros And Cons

Pros:

ICICI Direct

Zerodha

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)India’s leading broker in terms of active clients, trading volume, and brokerage revenue. Safe, dependable, and the most technologically advanced broker in India. 2)People under the age of 25 can establish an account for free. 3)For all other categories, a flat brokerage fee of Rs 20 per trade. Great free trading platforms (Kite) are offered. 4)It is possible to invest directly in mutual funds. 5)Orders that are Good Until Triggered (GTT) are accessible. GTC orders are comparable to these. 6)basic flat-fee brokerage services on all exchanges and divisions (MCX, NSE, BSE). Trades involving free equity distribution. Orders using Cash-N-Carry incur no brokerage fees. 7)NRI can open trading account.

Cons:

ICICI Direct

Zerodha

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)It doesn’t offer research, recommendations, or stock suggestions. 2 Each order incurs an additional Rs 50 for Call & Trade. 3)There is also a 3-in-1 account not available. There are no monthly unlimited trading subscriptions available. 4)AMC Free Demat accounts are not provided by it. No margin financing. 5)An additional Rs 50 is paid for each order for auto square off.

Review Comparison Of ICICI Direct vs Zerodha By Customer

CICI direct is rated 3.3 of 5 , whereas Zerodha is rated 3.4 of 5

Rating	ICICI Direct	Zerodha
Customer Services	⭐⭐⭐⭐	⭐⭐⭐
Fees	⭐⭐	⭐⭐⭐
Brokerage Charges	⭐⭐	⭐⭐⭐
Trade and Call Charges	⭐⭐⭐	⭐⭐⭐
Research Capabilities	⭐⭐⭐	⭐⭐
Overall Rating	⭐⭐⭐	⭐⭐⭐
	Open ICICI Securities Account	Open Zerodha Account

Complaints Of ICICI Direct vs Zerodha

Complaints	ICICI Direct	Zerodha
Total Complaints Lodged	400	339
Total Complaints Resolved	335	307
% Of Total Complaints Resolved	85.62%	90.56%
Non Actionable Complaints	18	20
% Of Non Actionable Complaints	4.00%	9.90%
	Open ICICI Securities Account	Open Zerodha Account

ICICI Direct vs Zerodha 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 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 Direct	Zerodha
Equity Delivery	0.00325% (NSE) & As per Stock (BSE)	0.00325% (NSE) &0.00375% (BSE)
Equity Intraday	0.00325% (NSE) & As per Stock (BSE)	0.00325% (NSE) &0.00375% (BSE)
Equity Option	0.053% (on premium)	0.05% (on premium)
Equity Future	0.0019% (NSE & BSE)	0.0019% (NSE & BSE)
Currency Option	0.035% (NSE) & 0.001% (BSE)	0.035% (NSE) & 0.001% (BSE)
Currency Future	0.0009% (NSE) & 0.00022% (BSE)	0.0009% (NSE) & 0.00025% (BSE)
Commodity Option	0.05% (Non Agri)	0.05% (Non Agri)
Commodity Future	0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special)	0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special)
	Open ICICI Securities Account	Open Zerodha Account

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 1860123112

Zerodha: (080 4718 1888) or (080 4718 1999) .

Client can contact this number for clearing your doubt.

Support Email ICICI Direct : helpdesk@icicidirect.com

Zerodha Support Email: support@zerodha.com

Client can contact this email for clearing your doubt.