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ICICI Direct Vs Composite Edge
| | Broker Comparison, Trading | 1 Comment
ICICI Direct Vs Composite Edge comparison here talks about the differences between these two stockbrokers in terms of multiple aspects. If you are looking to choose one of the brokers for your stock market trading, this comparison article will assist you in making that decision.
Here are the details:
ICICI Direct Vs Composite Edge Comparison
Here is a point by point comparison of ICICI Direct Vs Composite Edge.
ICICI Direct is a retail trading flagship of ICICI Securities. With more than 35 lakh customers, ICICI Direct is the biggest retail full-service stockbroker company in India.
Composite Edge started way back in 1994 but recently pivoted to discount broking a few years back. Based out of Bengaluru, Composite edge is known for its incentivization towards heavy brokers with its brokerage charges getting lower for heavy traders.
Discount brokers such as Composite Edge offer trading services at much cheaper brokerage rates and reasonable customer service. Full-service brokers such as ICICI Direct will help you, spoon feed you, handhold you through the process, even if you need offline help, meet someone, talk to somebody and so on.
Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between ICICI Direct Vs Composite Edge to help you find which of the two suits your needs better.
The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
ICICI Direct Vs Composite Edge Details
Generally, above-mentioned aspects are good enough to make a decision based on your preference but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stockbroking firms.
We hope this article helps you to understand which of the two brokers is better for your needs.
 |  | |
| Composite Edge Review | ICICI Direct Review | |
| OVERVIEW | ||
| Broker Type | Discount Broker | Full Service Broker |
| Incorporated In the Year | 1994 | 2000 |
| Number of branches across India | 1 | 154 |
| Exchanges | BSE, NSE, MCX-SX and MCX | BSE, NSE |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹350 | ₹0 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹700 |
| Demat Account Opening Charges | ₹50 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹300 | ₹0 |
| Transaction Charges | Composite Edge Transaction Charges | ICICI Direct Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹18 or 0.06% whichever is lower | 0.55% |
| Intraday Delivery | ₹18 or 0.006% whichever is lower | 0.275% |
| Equity Futures | ₹18 or 0.006% whichever is lower | 0.03% to 0.05% |
| Equity Options | ₹18 or 0.006% whichever is lower | ₹35 to ₹95 per lot |
| Currency Futures | ₹18 or 0.006% whichever is lower | 0.03% to 0.05% |
| Currency Options | ₹18 or 0.006% whichever is lower | ₹10 to ₹25 per lot |
| Commodity | ₹18 or 0.006% whichever is lower | NA |
| Calculate Brokerage | Composite Edge Brokerage Calculator | ICICI Direct Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 5 times Intraday | Intraday upto 25 times & Delivery upto 5 times |
| Equity Futures | Upto 3 times for Intraday | Upto 4 times for intraday |
| Equity Options | Buying no Leverage, shorting upto 3 times for Intraday | Upto 4 times for intraday |
| Currency Futures | Upto 2 times for Intraday | Upto 4 times for intraday |
| Currency Options | Buying no Leverage, shorting upto 2 times for Intraday | Upto 4 times for intraday |
| Commodities | Upto 2 times for Intraday | NA |
| RESEARCH | ||
| Daily Market Reports |  |  |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| Research | ICICI Direct Research | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| Customer Care | ICICI Direct Customer Care | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | NOW, Now Online, NSE Mobile | ICICI Direct TraderRacer, ICICI Direct Trader Racer Web, ICICI Direct Mobile App |
| NSE Complaints Percentage* | 0.16% | 0.01% |
| Complaints | ICICI Direct Complaints | |
| OVERALL RATING |  |  |
*NSE Complaints Percentage: Lower is this number, Better is the broker.
Before we complete this comparison, we think one quick understanding of brokerage charges is important.
Full-service stockbrokers charge brokerage as a percentage of your trading turnover. For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.
Discount brokers, on the other hand, charge a flat rate brokerage (could be ₹10, ₹20 etc) irrespective of the trade value.
Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.
Have you in the past or are currently trading with any of the above stockbrokers?
If yes, would you like to share your experience(s) with ICICI Direct Vs Composite Edge for the benefits of other readers?
Please feel free to share in the comments below.
Also, check out some of the other stockbroker comparisons you might be interested in.
Summary
Reviewer
A Digital Blogger
Date
Broker Name
ICICI Direct Vs Composite Edge
Overall Rating
One Comment
Your reviews and comparisons are nice and educative. Looking forward for longer association.