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SBI Securities Vs ICICI Direct
| | Broker Comparison, Trading | No Comments
SBI Securities Vs ICICI Direct 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:
SBI Securities Vs ICICI Direct Comparison
Here is a point by point comparison of SBI Securities Vs ICICI Direct.
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.
SBI Securities is a bank based stockbroker and is the trading arm of SBI (State Bank of India). Established in 2006, SBI Securities is one of the trustable brands in India, however, it has quite a lot of room to improve in the kind of values it brings to the table.
Full-service brokers such as SBI Securities or ICICI Direct will help you, spoon feed you, hand hold 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 SBI Securities Vs ICICI Direct to help you find which of the two suits your needs better.
The comparison is made on aspects such as:
- Company Overview
- ICICI Direct Account Opening Vs SBI Securities Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
SBI Securities Vs ICICI Direct 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.
 |  | |
| SBI Securities Review | ICICI Direct Review | |
| OVERVIEW | ||
| Broker Type | Full Service Broker | Full Service Broker |
| Incorporated In the Year | 2006 | 2000 |
| Number of branches across India | 114 | 154 |
| Exchanges | BSE, NSE | BSE, NSE |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹0 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹700 |
| Demat Account Opening Charges | ₹850 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹350 | ₹0 |
| Transaction Charges | SBI Securities Transaction Charges | ICICI Direct Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.5% | 0.55% |
| Intraday Delivery | 0.05% | 0.275% |
| Equity Futures | 0.05% | 0.03% to 0.05% |
| Equity Options | ₹100 per lot | ₹35 to ₹95 per lot |
| Currency Futures | 0.03% | 0.03% to 0.05% |
| Currency Options | ₹30 per lot | ₹10 to ₹25 per lot |
| Commodity | NA | NA |
| Calculate Brokerage | SBI Securities Brokerage Calculator | ICICI Direct Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 10 times for Intraday, Upto 3 times for Delivery | Intraday upto 25 times & Delivery upto 5 times |
| Equity Futures | Upto 3 times for Intraday | Upto 4 times for intraday |
| Equity Options | Upto 3 times for Intraday | Upto 4 times for intraday |
| Currency Futures | Upto 3 times for Intraday | Upto 4 times for intraday |
| Currency Options | Upto 3 times 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) | SBI Smart Express, SBI Smart Web, SBI Smart Mobile App | ICICI Direct TraderRacer, ICICI Direct Trader Racer Web, ICICI Direct Mobile App |
| NSE Complaints Percentage* | 0.01% | 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.
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 SBI Securities Vs ICICI Direct for the benefits of other readers? Please feel free to share in the comments below.
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A Digital Blogger
Date
Broker Name
SBI Securities Vs ICICI Direct
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