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ICICI Direct is the largest full-service stockbroking firm in India. It is a part of ICICI Securities for retail trading and investment services. ICICI Securities is a broking arm of ICICI Bank. ICICI securities facilitate online trading and investment to nearly 50+ lakh customers through ICICI Direct. As per NSE data around 26.5 lakh, clients are actively trading through ICICI Direct.
ICICI Direct ( ICICI Securities) is a member of NSE, BSE, MCX, and MSE.
ICICI Securities provides services for Equity, Derivatives, Currency, Commodity, Mutual Funds, IPO, Fixed Deposits, Bonds, Insurance, Gold, Loan, and NCD through their revolutionary website ICICIDIRECT.COM.
By opening a 3-in-1 account at ICICI Direct, Savings Trading, and Demat, customers can access the stock market and similar facilities under a single login, as well as customers can visit more than 170 branches of ICICI Direct for any kind of assistance in the services offered by ICICI Direct. ICICI Direct offers fully personalized service to their clients.
ICICI Direct offers 4 different brokerage plans to its clients. ICICI Direct I-Secure, ICICI Direct Prime, ICICI Direct Prepaid, and ICICI Direct Neo. The first three plans are traditional plans where the fourth is a discount brokerage plan.
It is a percent base brokerage plan. Here, no matter what your turnover is, the percentage on the brokerage is fixed.
Segment | Brokerage |
Equity Intraday | 0.275% |
Equity Delivery | 0.55% |
Equity Margin and Margin Plus | 0.05% |
Equity Future and Future Plus (Intraday) | Rs 50/- |
Equity Future and Future Plus | 0.05% |
Currency Futures (Intraday) | Rs 10/- |
Currency Futures | 0.05% |
Options and Option Plus (Intraday) | Rs 50/- per lot |
Options and Option Plus | Rs 95/- per lot |
Currency Options (Intraday) | Rs 10/- per lot |
Currency Options | Rs 25/- per lot |
Note: In I-Secure, ICICI Direct charges a minimum brokerage of Rs 35 or 2.5% whichever is less.
It is basically an advanced brokerage plan in which the client can reduce their brokerage respectively in cash, margin, futures, and options to 0.09%, 0.009, and Rs.10. The duration of this plan is 15 years.
Clients can choose from 6 different schemes as per their need.
Prepaid Plan | Cash | Margin / Futures | Option | Currency Futures | Currency Options | Commodity Futures |
Rs 5,000 | 0.25% | 0.025% | Rs 35 per lot | Rs 20 per order | Rs 20 per order | Rs 20 per order |
Rs 12,500 | 0.22% | 0.022% | Rs 30 per lot | Rs 20 per order | Rs 20 per order | Rs 20 per order |
Rs 25,000 | 0.18% | 0.018% | Rs 25 per lot | Rs 20 per order | Rs 20 per order | Rs 20 per order |
Rs 50,000 | 0.15% | 0.015% | Rs 20 per lot | Rs 20 per order | Rs 20 per order | Rs 20 per order |
Rs 1,00,000 | 0.12% | 0.012% | Rs 15 per lot | Rs 20 per order | Rs 20 per order | Rs 20 per order |
Rs 1,50,000 | 0.09% | 0.009% | Rs 10 per lot | Rs 20 per order | Rs 20 per order | Rs 20 per order |
Note:
This plan gives more than a 50% brokerage reduction. Also, this plan has the facility to get an instant payout of money after selling the shares (eATM). There are four schemes available in this plan namely 299, 999, 1999, and 2999. The validity of these schemes is 1 year.
Prime Plan | Cash | Margin / Futures | Options | Currency Futures | Currency Options | Commodity Futures | eATM Limit | Special MTF Interest rates/LPC (% per Day) |
Rs 299 | 0.27% | 0.027% | Rs 40 per lot | Rs 20 per order | Rs 20 per order | Rs 20 per order | 2.5 Lakh | 0.04% |
Rs 999 | 0.22% | 0.022% | Rs 35 per lot | Rs 20 per order | Rs 20 per order | Rs 20 per order | 10 Lakh | 0.035% |
Rs 1999 | 0.18% | 0.018% | Rs 25 per lot | Rs 20 per order | Rs 20 per order | Rs 20 per order | 25 lakh | 0.031% |
Rs 2999 | 0.15% | 0.015% | Rs 20 per lot | Rs 20 per order | Rs 20 per order | Rs 20 per order | 1 Cr | 0.024% |
Note:
ICICI has introduced a discount brokerage in this plan. In this plan, brokerage for trading in F&O, Currency, and Commodity is only Rs.20 per order. This plan can be activated by paying a one-time charge of Rs. 299 + GST . Details of this plan are as follows :
Segment | Brokerage |
Equity Intraday | As per the old brokerage plan |
Equity Delivery | As per the old brokerage plan |
Futures | Rs 0 per order |
Options | Rs 20 per order |
Margin | Rs 20 per order |
Currency Futures | Rs 20 per order |
Currency Options | Rs 20 per order |
Commodity Futures | Rs 20 per order |
Commodity options | Rs 20 per order |
Note: Brokerage for all Cash Products and Margin Trading Funding (MTF) will be as per old plan rates.
Below is the ICICI Direct margin details :
Segment | Margin |
Equity Intraday | Up to 25 times |
Equity Delivery | Up to 5 times with interest |
Equity Futures | 4 times |
Equity Options | 1 time |
Equity Options Writing | 2 times |
Currency Futures | N/A |
Currency Options | N/A |
Commodity Futures | N/A |
Commodity Options | N/A |
Apart from the above margin, ICICI Direct provides Margin Plus and Margin Trading Funding (MTF) facilities.
Margin Plus: In Margin Plus clients can get intraday exposure up to 300 times using bracket order.
Margin Trading Funding (MTF): In margin trading funding clients can get up to 4 times exposure in the equity delivery segment for 365 days by paying a small interest rate of 8.9% p.a
Interest rates are applicable on Margin Trading Funding (MTF) as per different brokerage plans.
I-Secure : 18% p.a.
ICICI Direct Prepaid Plan : 12.9% – 8.9% p.a.
ICICI Direct Prime Plan : 14.9% – 8.9% p.a.
With ICICI Direct, clients get 3-in-1 accounts, ICICI Bank Saving Account, ICICI Trading Account, and ICICI Demat Account. If a client does not want to open a savings account, the client can open only a Trading and Demat account with ICICI Direct. Clients can open accounts with ICICI Direct in both the mode, Online and Offline.
In offline account opening clients can simply fill their contact details on ICICIDirect.com or visit the nearest ICICI branch, ICICI sales representative will visit your home for form filling.
In the online process, clients can fill account opening form online on ICICIDirect.com. ICICI Direct claims the fastest account opening process of 15 minutes in the industry.
Below documents are required for online account opening with ICICI Direct
Linked mobile number is not mandatory for the offline account opening process. It can be open without E-Sign.
ICICI Direct provides various options for trading like desktop software, web-based trading, and mobile trading app. All three options are free for ICICI Direct clients.