ICICI Direct Vs 5Paisa – Broker Comparison
About ICICI Direct
ICICI Direct is one of India’s leading retail stock dealers. It is a subsidiary of the ICICI Group. Over 50 lakh people use its online trading and investment services. Equity, commodity, and currency trading are available at the BSE, NSE, and MCX. The company also provides mutual funds and initial public offerings (IPOs), fixed deposits … >> More
About 5Paisa
5paisa.com is a leading online stockbroker offering discount brokerage services to retail investors in India. 5paisa Capital Ltd is a publicly-traded and professionally managed company promoted by IIFL founders. As of March 2021, it has over 1.2 million clients. 5paisa online trading is available in equity, commodity, and currency at … >> More
ICICI Direct Vs 5Paisa
Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 1996, 5paisa is a Discount Broker. It offers trading at NSE, BSE. It has 1 branches across India.
| ICICI Direct | 5paisa | |
|---|---|---|
| Type of Broker | Full Service Broker | Discount Broker |
| Exchange Membership | BSE, NSE | NSE, BSE |
| Year of Incorporation | 2000 | 1996 |
| Number of Branches | 154 | 1 |
ICICI Direct Vs 5paisa Charges & AMC
ICICIdirect trading account opening charges is Rs 0 (Free) while 5paisa account opening changes is Rs 0 (Free). ICICIdirect Demat Account AMC Charges is Rs 300 (from 2nd year) and 5paisa Demat Account AMC Charges is Rs 300.
| ICICI Direct | 5paisa | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 300 (from 2nd year) | Rs 300 |
ICICI Direct Vs 5paisa Brokerage
ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas 5paisa brokerage charges for equity is Rs 20 per executed order and intraday is Rs 20 per executed order.
| Account Type | ICICI Direct ICICI Neo Plan | 5paisa Regular Account Plan |
|---|---|---|
| Fixed Charges | NA | NA |
| Equity Delivery | 0.55% | Rs 20 per executed order |
| Equity Intraday | Rs 20 per order | Rs 20 per executed order |
| Equity Futures | Rs 0 (Free) | Rs 20 per executed order |
| Equity Options | Rs 20 per order | Rs 20 per executed order |
| Currency Futures | Rs 20 per order | Rs 20 per executed order |
| Currency Options | Rs 20 per order | Rs 20 per executed order |
| Commodity Futures | Rs 20 per order | Rs 20 per executed order |
| Commodity Options | Rs 20 per order | Rs 20 per executed order |
ICICI Direct Vs 5paisa Brokerage Plan 2
| ICICI Direct | 5paisa | |
|---|---|---|
| Account Type | I-Secure Plan | Power Investor Pack |
| Fixed Charges | NA | Rs 599 per month |
| Equity Delivery | 0.55% | Rs 10 per executed order |
| Equity Intraday | 0.275% | Rs 10 per executed order |
| Equity Futures | 0.05% | Rs 10 per executed order |
| Equity Options | Rs 95 per lot | Rs 10 per executed order |
| Currency Futures | Rs 20 per order | Rs 10 per executed order |
| Currency Options | Rs 20 per order | Rs 10 per executed order |
| Commodity Futures | Rs 20 per order | Rs 10 per executed order |
| Commodity Options | Rs 20 per order | Rs 10 per executed order |
ICICI Direct Vs 5paisa Brokerage Plan 3
| ICICI Direct | 5paisa | |
|---|---|---|
| Account Type | ICICI Neo Plan | Ultra Trader Pack |
| Fixed Charges | NA | Rs 1199 per month |
| Equity Delivery | 0.55% | Rs 10 per executed order |
| Equity Intraday | Rs 20 per order | Rs 10 per executed order |
| Equity Futures | Rs 0 (Free) | Rs 10 per executed order |
| Equity Options | Rs 20 per order | Rs 10 per executed order |
| Currency Futures | Rs 20 per order | Rs 10 per executed order |
| Currency Options | Rs 20 per order | Rs 10 per executed order |
| Commodity Futures | Rs 20 per order | Rs 10 per executed order |
| Commodity Options | Rs 20 per order | Rs 10 per executed order |
ICICI Direct Charges Vs 5paisa
| Minimum Brokerage | Rs 35 per trade (I-Secure Plan) | Rs 20 per trade |
|---|---|---|
| Other Charges | Margin Trading Interest: 0.025% Per day | |
| Call & Trade Charges | Rs 50 per trade | Rs 100 per call (any number of trades in a call) |
| Equity Delivery | 0.55% | Rs 10 per executed order |
| Equity Intraday | Rs 20 per order | Rs 10 per executed order |
| Equity Futures | Rs 0 (Free) | Rs 10 per executed order |
| Equity Options | Rs 20 per order | Rs 10 per executed order |
| Currency Futures | Rs 20 per order | Rs 10 per executed order |
| Currency Options | Rs 20 per order | Rs 10 per executed order |
| Commodity Futures | Rs 20 per order | Rs 10 per executed order |
| Commodity Options | Rs 20 per order | Rs 10 per executed order |
ICICI Direct Vs 5paisa Transaction Charges
ICICIdirect transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) while 5paisa exchange transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium).
| ICICI Direct | 5paisa | |
|---|---|---|
| Equity Delivery | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) | NSE Rs 345 per Cr (0.00345%) | BSE Rs 345 per Cr (0.00345%) (each side) |
| Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side) | NSE Rs 345 per Cr (0.00345%) | BSE Rs 345 per Cr (0.00345%) (sell side) |
| Equity Futures | NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 | NSE Rs 200 per Cr (0.002%) | BSE Rs 0 |
| Equity Options | NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) | NSE Rs 5300 per Cr (0.053%) (on premium) |
| Currency Futures | NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) | NSE Rs 90 per Cr (0.0009%) |
| Currency Options | NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium) | NSE Rs 3500 per Cr (0.035%) (on premium) |
| Commodity | Group A - Rs 260 per Cr (0.0026%) | Grp A: 0.0026% |
ICICI Direct Vs 5paisa Leverage (Margin)
ICICIdirect margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the 5paisa margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| ICICI Direct | 5paisa | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
Compare ICICI Direct and 5paisa Features
The trading platforms offered ICICIdirect include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. 5paisa offers 5paisa Trade Station (Web, Mobile App and EXE) trading software.
| ICICI Direct | 5paisa | |
|---|---|---|
| 3 in 1 Account | ||
| Charting | ||
| Automated Trading | ||
| SMS Alerts | ||
| Online Demo | ||
| Online Portfolio | ||
| Margin Trading Funding | ||
| Margin Against Shares (Equity Cash) | ||
| Margin Against Shares (Equity F&O) | ||
| Trading Platform | ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App | 5paisa Trade Station (Web, Mobile App and EXE) |
| Intraday Square-off Time | 3:30 PM | Optimum Plan: 3:10 PM, Platinum Plan: 3:20 PM |
| Trading In SME Shares Allowed? | ||
| Referral Program | ||
| Other Features | Bullet Trading, Can trade in 32 exchanges through Saxo Trader |
ICICI Direct Vs 5paisa Investment Options
| ICICI Direct | 5paisa | |
|---|---|---|
| Stock / Equity | ||
| Commodity | ||
| Currency | ||
| IPO | ||
| Mutual Funds | ||
| Bond / NCD | ||
| Debt | ||
| Other Investment Options | Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS | Mutual Funds, Insurance |
ICICI Direct Vs 5paisa Order Type Offered
| ICICI Direct | 5paisa | |
|---|---|---|
| Bracket Order | ||
| Cover Order | ||
| Buy Today Sell Tomorrow (BTST) | ||
| Sell Today Buy Tomorrow (STBT) | ||
| After Market Order(AMO) | ||
| Good Till Cancelled (GTC) |
ICICIdirect Vs 5paisa Research Report
| ICICI Direct | 5paisa | |
|---|---|---|
| Daily Market Report | ||
| Free Tips | ||
| Quarterly Result Analysis | ||
| News Alerts |
ICICIdirect Vs 5paisa Suitable For Investor Type
| ICICI Direct | 5paisa | |
|---|---|---|
| Casual Investor | ||
| Active Investor | ||
| Trader |
ICICI Pros & Cons:
Pros
- Offers 3-in-1 account which makes stock market investment very easy for casual investors.
- Wide range of investment options available under one portal.
- Provides a low bandwidth website which works well where internet connection is slow.
- GTC (good till cancellation) and off-market hours order placement facility is very useful.
Cons
- ICICI Security charges highest brokerage in comparison to most of the retail brokers in India.
- Very high 'minimum brokerage' of Rs 35 per trade or 2.5% of the trade value whichever is lower.
- Poor performance of website is reported in peak hours of trading.
- Trading Terminal (Trade Racer) cost Rs 75 per month if brokerage paid in a month is less then Rs 750.
- Demat Account is mandatory.
- Call & trade cost extra Rs 50 per trade in Neo/Prime Plans.
5Paisa Pros and Cons:
Pros
- Flat fee brokerage. Pay just Rs 20 per executed order. No more worries about size of the trade.
- Free trading software's including 5paisa mobile app and trading terminal.
- Brokerage free direct mutual funds.
Cons
- Margin funding is given to the customers without notice. This cases major confusion and customer paying hefty interest charges.
- Call & Trade is charged at Rs 100 per call in addition to the brokerage. Any number of trades can be placed in one call.
- Research and advisory is available at extra cost.
- Higher exchange turnover charges in comparison to other popular discount stock brokers.
- NRI Trading and Demat Account is not available.
Other Broker Reviews
Angel One
5/5
Angel one is a leading full-service brokerage firm in India that offers a user-friendly
Upstox
4/5
Upstox is a discount brokerage firm that offers a trading app called Upstox Pro.
Alice Blue
3/5
Alice Blue is a discount brokerage firm that offers a trading app called Alice Blue
ICICI Direct
4/5
ICICI Direct is a full-service brokerage firm that offers a trading app called.
Top Brokers in India with Best Trading Apps
The world of trading has been revolutionised in recent years by the introduction of trading apps.
These apps have made trading more accessible, convenient, and affordable than ever before, allowing people to trade on-the-go using just their smartphone or tablet. With so many trading apps available on the market, it can be difficult to know which one to choose.
We’ll take a look at some of the best trading apps in India available today, comparing Angel One, Zerodha, Upstox, Alice Blue, SAMCO, and ICICI Direct.
Angel One
Angel One is a leading full-service brokerage firm in India that offers a user-friendly trading app.
Upstox
Upstox is a discount brokerage firm that offers a trading app called Upstox Pro.The app offers features.
Alice Blue
Alice Blue is a discount brokerage firm that offers a trading app called Alice Blue Wave.
ICICI Direct
ICICI Direct is a full-service brokerage firm that offers a trading app called ICICI Direct Mobile. The app offers.
Samco
SAMCO is a discount brokerage firm that offers a trading app called SAMCO Trader.
Zerodha
Zerodha is a discount brokerage firm that offers a popular trading app called Kite.
5 paisa
5paisa is a financial services company that offers a wide range of services.
Compare Stock Brokers
Streamline your trading journey with our detailed stock broker comparisons for informed investment decisions.
Learn Trading
Master the art of trading with our comprehensive learning resources and expert guidance for confident investment strategies.
Latest Offers
Stay ahead of the game with our curated list of the latest offers from top broker apps for exclusive trading advantages.
