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ICICI Direct Vs Interactive Brokers
| | Broker Comparison, Trading | No Comments
ICICI Direct Vs Interactive Brokers 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 Interactive Brokers Comparison
Here is a point by point comparison of ICICI Direct Vs Interactive Brokers.
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.
Interactive Brokers is actually a US-based stock broking company and has a discount broking arm based out of Mumbai as well. With 1100+ employees globally, the broker has a presence in 100+ countries and was introduced in India in 2009. However, this discount broker offers a limited range of trading and investment products.
Everything about discount brokers such as Interactive Brokers is Online, be it – customer service, trading, account opening etc. Full-service brokers such as ICICI Direct, on the other hand, 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 Interactive Brokers 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 Interactive Brokers 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.
 |  | |
| ICICI Direct Review | Interactive Brokers Review | |
| OVERVIEW | ||
| Incorporated In the Year | 2000 | 1977 |
| Number of branches across India | 154 | 1 |
| Exchanges | BSE, NSE | NSE, BSE |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | INR 0 | ₹0 |
| Trading Account Annual Maintenance Charges | INR 700 | ₹0 (Monthly ₹200 brokerage must be generated otherwise the differential amount will be levied) |
| Demat Account Opening Charges | INR 0 | ₹0 |
| Demat Account Annual Maintenance Charges | INR 0 | ₹0 |
| Transaction Charges | ICICI Direct Transaction Charges | Interactive Brokers Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.55% | ₹6 to ₹20 per executed trade |
| Intraday Delivery | 0.275% | ₹6 to ₹20 per executed trade |
| Equity Futures | 0.03% to 0.05% | ₹6 to ₹20 per executed trade |
| Equity Options | INR 35 to INR 95 per lot | ₹6 to ₹20 per executed trade |
| Currency Futures | 0.03% to 0.05% | ₹6 to ₹20 per executed trade |
| Currency Options | INR 10 to INR 25 per lot | ₹6 to ₹20 per executed trade |
| Commodity | NA | NA |
| Calculate Brokerage | ICICI Direct Brokerage Calculator | |
| EXPOSURE OR LEVERAGE | ||
| Equity | Intraday upto 25 times & Delivery upto 5 times | 4 times for intraday, 2 times for delivery |
| Equity Futures | Upto 4 times for intraday | Upto 3 times Intraday |
| Equity Options | NA | Buying No Leverage, Shorting Upto 3 times |
| Currency Futures | NA | Upto 2 times Intraday |
| Currency Options | NA | Buying No Leverage, Shorting Upto 2 times |
| Commodities | NA | NA |
| RESEARCH | ||
| Daily Market Reports |  |  |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| 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) | TraderRacer | IB Trader Workstation, IB TWS, IB WebTrader |
| Complaint Percentage of Active Clients | 0.02% | 0.04% |
| OVERALL RATING |  |  |
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