Looking for Low Brokerage, High Margin & Free Tips?
ICICI Direct Vs Geojit
| | Broker Comparison, Trading | No Comments
ICICI Direct Vs Geojit 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 Geojit Comparison
Here is a point by point comparison of ICICI Direct Vs Geojit. 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.
Geojit is one of the prominent full-service brokers in India with 8,00,000 clients across 509 offices across the country. At the same time, Geojit also has an international presence across middle eastern countries such as Saudi Arabia, Bahrain, UAE, Oman and Kuwait.
Full-service brokers such as ICICI Direct or Geojit will help you, spoon feed you, handhold you through the process, even if you need an 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 Geojit 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 Geojit Details
Generally, above-mentioned aspects are good enough to make a decision based on your preferences 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.
 |  | |
| Geojit BNP Paribas Review | ICICI Direct Review | |
| OVERVIEW | ||
| Broker Type | Full Service Broker | Full Service Broker |
| Incorporated In the Year | 1987 | 2000 |
| Number of branches across India | 509 | 154 |
| Exchanges | BSE, NSE, MCX-SX | BSE, NSE |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹425 | ₹0 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹700 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹0 |
| Transaction Charges | Geojit BNP Transaction Charges | ICICI Direct Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.3% | 0.55% |
| Intraday Delivery | 0.03% | 0.275% |
| Equity Futures | 0.03% | 0.03% to 0.05% |
| Equity Options | ₹125 per contract | ₹35 to ₹95 per lot |
| Currency Futures | 0.03% | 0.03% to 0.05% |
| Currency Options | ₹125 per contract | ₹10 to ₹25 per lot |
| Commodity | NA | NA |
| Calculate Brokerage | Geojit BNP Brokerage Calculator | ICICI Direct Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Intraday upto 10 times, For Delivery upto 7 days but with interest of 22%/annum | Intraday upto 25 times & Delivery upto 5 times |
| Equity Futures | No additional leverage for Intraday | Upto 4 times for intraday |
| Equity Options | No additional leverage for Intraday | Upto 4 times for intraday |
| Currency Futures | No additional leverage for Intraday | Upto 4 times for intraday |
| Currency Options | No additional leverage for Intraday | Upto 4 times for intraday |
| Commodities | NA | 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) | Selfie Platinum, Selfie Gold, Geojit Selfie Mobile App | ICICI Direct TraderRacer, ICICI Direct Trader Racer Web, ICICI Direct Mobile App |
| Total BSE+NSE Complaints | 0.01% | 0.01% |
| Complaints | ICICI Direct Complaints | |
| OVERALL RATING |  |  |
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.
Here is a brokerage calculator for your reference.
Also, check out some of the other stockbroker comparisons you might be interested in.
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 Geojit for the benefits of other readers? Please feel free to share in the comments below.
Summary
Reviewer
A Digital Blogger
Date
Broker Name
ICICI Direct Vs Geojit BNP Paribas
Overall Rating
