ICICI Direct Trading

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If you are thinking of becoming a trader or an investor to earn good returns from the stock market, you must have a Demat account as well as a trading account with one of the registered brokers in India. ICICI Direct Trading account can be helpful in your journey of trading and investments in stock markets.

So in order to get into trade with this broker, you need to process the demat account opening with ICICI bank. Activating the account offers you multiple ICICI Direct Products such as equity, currency, derivatives, mutual funds, thus you can trade for short-term or long-term to earn profit or high returns.

In this article, we will be discussing the different aspects of the ICICI Direct Trading account, including its trading app.

ICICI 3 in 1 Account

To get into a trade with ICICI Direct, the firm offers you a 3 in 1 account facility thus, you can have all the three accounts, demat, trading, and bank account together.

This makes it easy for you to handle different accounts and to keep track of all the trades you carry out with the broker.

Opening an account is completely online. So, if you have a good internet connection then you can open an account with ICICI Direct from your device without leaving your comfort zone.

Further, the broker offers higher flexibility in the account opening fees as well. It offers different schemes and plans under which you can open the demat account for free.

If you looking for assistance to open the ICICI Demat account for free, then here we are to help you with it.

ICICI Direct Trading App

Once you have a trading account with ICICI Direct, you will have unique login information that will be required to start using ICICI Direct trading app.

ICICI Direct Mobile is a mobile app that can be used for trading. You can easily perform all the basic functions of trading using this app.

You get to see live scripts streaming on the app and trade in stocks, futures, and options through this.
It also provides the facility of getting live research information for making trades and investments in stocks.
This app has been rated very well by its users and has already received more than 10 lakh installations to date.
This app lets the investors or traders make multiple watchlists to keep track of the movements of stocks.
It also offers the facility of advanced charting which is very beneficial to traders especially those who depend on technical analysis for making trading decisions.
Another important feature of this app is that it allows its customers to make direct investments in mutual funds.
Also, you can use it to make extra money using ICICI Direct refer and earn.

Also, if you are interested in Equity Trading, you can refer to ICICI Direct Equity Research Reports.

Now, let us see how we can trade in different segments of stocks by using this app online, and what are the options available on it?

ICICI Direct Online Share Trading

ICICI Direct trading can be done in different ways as per your preference and style of trading. You can trade in stocks traded in either or both the exchanges – NSE and BSE.

The ways in which you can do ICICI Direct trading are described below –

1) Trading in Cash – This is the most convenient system of investing in stocks. The intention of buying stocks through cash is to hold the investment for some days, weeks, or even months. This could be delivery-based trade or a short-term one. That is why it is equally important for you to learn about ICICI Direct Intraday charges.

Furthermore, you can trade in the derivatives format as well but then you’d need to understand the ICICI Direct Options Brokerage charges before you get your hands dirty!

2) Margin product – This is used when a trader takes any position (long or short) by buying or selling some stocks and then squares off the trade within the same trading day. In this, you can trade for up to 3 – 4 times the total amount of funds that are available in your trading account for trading.

3) Margin Plus product – This product gives much more leverage than the last mentioned product. In this, you can trade for up to 25 times through the total amount of funds that are available in your trading account for trading. This is also used when a trader takes any position (long or short) by buying or selling some stocks and then squares off the trade within the same trading day.

4) Call and Trade – This facility is also provided by ICICI Direct. Any person who has a Demat and trading account with ICICI Direct can call at the local branch office for this facility and order for the execution of the trade to the customer service executives of ICICI Direct.

ICICI Direct provides the facility of eATM. This facility makes it possible for the ICICI Direct trading account holders to transfer the funds obtained after selling stocks into your bank account instantly. All of this can be done just after logging to your account.

Let us now discuss the ICICI Direct login details and how to get them.

ICICI Direct Online Trading Login

The account opening procedure in ICICI Direct is very easy. You just have to pay certain account opening fees and the ICICI Direct AMC Charges levied on the Trading account.

. Once all the formalities regarding the opening of an ICICI Direct Trading account are done, the clients would receive a unique user id and a password to enter on the ICICI Direct Trading account.

This information should not be shared with anyone and needs to be remembered in order to log in to your account every time. However, during the login process, if you forget either the user id or your password, you get two separate help options to overcome this problem.

Also, there is an option to unlock the account that has been locked by mistake by a client. All this information can be easily accessed at the ICICI Direct trading account login page.

This is required while logging in to the ICICI Direct trading app as well as their platform. Some of the details of their platform are being discussed next.

Also you Cn refer to How to Find ICICI Direct DP ID

ICICI Direct Trading Platform

The popular ICICI Direct trading platform is called Trade Racer. It has many different features to give a good experience to the trader and investor.

Some of the best benefits that a client gets with this ICICI Direct trading platform are discussed below –

1) Trend Scanner – This is an automated scanner integrated with the ICICI Direct trading platform that helps in identifying trends in different scripts on the basis of some technical parameters that are already fed into the system.

2) Live Scanner – As the name suggests, this scanner is used for identifying new trending opportunities in the stock market. It helps in spotting ups or downs that the stocks are making. Trades can be made instantly in the market using this scanner.

3) Well-Managed Icon Bar – You can manage your trading account easily with the help of this icon bar that shows all the recently used widgets. It makes the process faster and the trader experience better.

If you want to get a hang of how to use trading terminals and how trades are made in the stock market, there is an option of going for the virtual trading facility provided by ICICI Direct.

Let us discuss some of the details of ICICI Direct trading through a virtual medium.

How to do Intraday Trading in ICICI Direct?

With so many features and benefits of the trading platform, you can easily do intraday trade with ICICI Direct.

All you have to do is follow the right steps beginning with the fund’s allocation.
Once you have enough funds in your trading account you can jump into the details of the share you want to trade in.
Click on the buy or sell button depending upon your analysis.
A new window appears where you need to fill the entries like quantity, buy price, stop-loss price, etc.
Click on Buy or sell button and once your order is confirmed from the exchange you can book your profit by exiting at the right time.

ICICI Direct Virtual Trading

ICICI Direct Centre for Financial Learning offers a virtual trading platform to acclimatize traders especially beginners to get a feel of investing and trading as the real stock market.

They have created a game in which individuals can register themselves and start trading on this virtual platform.

ICICI Direct trading in a virtual environment that helps people to try their strategies for investing and trading and see if their approaches have really worked as per the expectations.

ICICI Direct virtual trading is quite similar to ICICI Direct trading platforms. The aim of the game is to increase the overall wealth of the participants without any financial risks.

Another important advantage of ICICI Direct trading in a virtual environment is that it helps you to practice trading and make an investment through your predefined strategy. You can practice on your discipline part of trading through it too.

Is ICICI Direct Good for Trading?

ICICI Direct is one of the most popular stockbrokers in our country and serves a client base of more than 6 lakh customers. Offering impeccable services and a robust trading platform make it easy for traders to trade across segments seamlessly.

Also, the broker offers multiple brokerage plans thus providing you the option to trade smartly at the minimum brokerage fees.

So, why to wait more, get into trade with ICICI direct by opening a demat account for free. Fill the basic details in the form below: