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ICICIdirect Vs Fyers NRI Account Comparison

The side-by-side comparison of ICICIdirect and Fyers NRI Account. Compare ICICIdirect Vs Fyers NRI Account brokerage charges, exposure margin, demat account and AMC. Read Fyers and ICICIdirect NRI Account reviews.

Find out ICICIdirect Vs Fyers which is better NRI Trading Account. See ICICIdirect Vs Fyers which is best NRI Demat Account.

Our ICICI Securities Pvt Ltd. comparison with Fyers Securities Ltd highlights the major differences between two brokers. Find the best between ICICIdirect and Fyers NRI Account.

ICICIdirect Vs Fyers

 ICICIdirectFyers
 
 ICICIdirect LogoFyers Logo
About the BrokerICICI Bank offers trading and investment opportunities in India stock market to NRIs through ICICI NRI 3-in-1 account. It is a combination of an NRI saving bank account, an NRI Demat, and an NRI trading account. The ICICI 3 in 1 Account for NRI enab...Know more about ICICI Securities Pvt Ltd.Fyers is an online stock broker in India. Fyers offers regulated stock broking platforms that operate under SEBI and Stock Exchanges regulations and guidelines. It offers a 2-in-1 account combining trading and demat accounts with trading in Equity d...Know more about Fyers Securities Ltd
Account TypeNRI AccountNRI Account
Special Offer

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

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ICICIdirect Vs Fyers Charges

 ICICIdirectFyers
NRI Account Opening Fees₹4000Free
NRI Account AMC₹0Free
NRI Demat Account Opening FeesRs 0 (Free)Rs 0 (Free)
NRI Demat Account AMCFor Individual account: Rs. 700 p.a.Rs 0 (Free AMC for Lifetime)
PIS Account AMCNA
RBI approval for PIS (One time)₹500 + GST₹500 + GST
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ICICIdirect Vs Fyers NRI Account Brokerage Comparison

Account TypeICICIdirect NRI AccountFyers NRI Account
Equity Delivery0.50% - 1.25%₹50 and 0.5% for other services
Equity Futures0.03% - 0.05%₹50 per traded order
Equity Options₹70 to ₹95₹50 per traded order
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Other Charges

Contract Note Reporting ChargesNA
Other Brokerage Charges
TDS Charges on Long Term Gain (Holding > 365 Days)11.96%11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days)17.94%17.94%
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ICICIdirect Vs Fyers NRI Account Taxes/Fees

 ICICIdirectFyers
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on exercised options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on exercised options)
Exchange Transaction ChargesCheck Exchange Transaction Fee
SEBI Charges0.00005% (₹5/Crore)0.00005% (₹5/Crore)
Goods and Services Tax (GST)18% on (brokerage + transaction charges)18% on (brokerage + transaction charges)
Stamp Duty0.01% on delivery based turnover and 0.002% on non-delivery based turnover.0.01% on delivery based turnover and 0.002% on non-delivery based turnover.

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ICICIdirect Vs Fyers NRI Account Margin

 ICICIdirect MarginFyers Margin
Equity Delivery1x1x
Equity Futures1x1x
Equity Options1x1x

1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.


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ICICIdirect and Fyers NRI Account Features

 ICICIdirectFyers
3-in-1 AccountYesNo
Automated TradingNoNo
Free Research And TipsYesNo
Other Features
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ICICIdirect Vs Fyers NRI Account Review

 ICICIdirect ReviewFyers Review
 484 Customer Reviews    Rate ICICIdirect37 Customer Reviews    Rate Fyers
FeesRated 2.2 starsRated 3.4 stars
BrokerageRated 1.7 starsRated 3.5 stars
Trading PlatformRated 3.3 starsRated 3.2 stars
Customer ServiceRated 2.6 starsRated 2.9 stars
Overall RatingRated 2.3 starsRated 2.9 stars
Broker RatingICICIdirect is Rated 2.3 / 5 based on 484 customer reviewsFyers is Rated 2.9 / 5 based on 37 customer reviews
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Contact Broker / Request A Call Back

 ICICIdirect EnquireICICIdirect Enquire
Contact Broker
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.
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ICICIdirect Vs Fyers NRI Investment Options

 ICICIdirectFyers
StocksYesYes
Initial Public Offers (IPO)YesYes
Mutual FundsYesYes
Other Investment OptionsETF, Corporate Bonds, NCD, FD, Insurance

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ICICIdirect Vs Fyers NRI Customer Service

 ICICIdirectFyers
Customer Care Number+91-22-28307780080-45699999
Customer Care Emailnri@icicidirect.comsupport@fyers.in
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ICICIdirect Vs Fyers Order Type Offered for NRI Account

 ICICIdirectFyers
Bracket OrderYesNo
Cover OrderYesNo
After Market Order (AMO)YesNo
Good Till Cancelled (GTC)YesNo

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ICICIdirect Vs Fyers - NRI Account Advantages and Disadvantages

 ICICIdirectFyers
Pros
  1. India's leading stockbroker. Part of the prestigious ICICI group, a financial services conglomerate.
  2. ICICI 3-in-1 NRI Account offers the easiest online trading experience.
  3. It offers an online trading facility with automatic fund transfer and PIS reporting.
  4. Invest online in Mutual Fund, NCD, FD, IPO, etc.
  5. GTC (or GTD, VTD) and AMO order types are available for placing orders in non-trading hours.
  6. It has a very stable trading platform.
  1. Free online account opening and AMC charges
  2. Free equity delivery trading. No brokerage for cash & carry trades.
  3. Discount stock broker offering ultra-low brokerage. Fyers charges flat Rs 20 per trade maximum brokerage across trading segments and irrespective of the size of the trade.
  4. No hidden charges. Very transparent fees/charges.
  5. In-house build trading platform offers flexibility to implement new features/services quickly.
  6. All trading software is available for free of charge.
  7. Fyers NRI account holders get access to research reports and economic calendar
  8. Refer your friends and earn 20% of the revenues generated by your friends, for life!
Cons
  1. While ICICI trading platform gets the job done, it is very old trading software with poor user experience in comparison to the next generation online brokers like Zerodha, upstox, and 5paisa.
  2. The equity delivery brokerage is higher in comparison to discount brokers like Zerodha. With ICICI, a buy order or Rs 1 lakhs will cost Rs 1250 (1.25%) in brokerage. The same order at Zerodha cost Rs 200 in brokerage.
  3. NRIs from the UK (United Kingdom) cannot invest in IPO and Mutual Fund through ICICIDirect.com
  4. ICICI Bank doesn't offer online account opening to NRIs apart from customers from the US. Online account opening is also not available to Minor NRIs from the US.
  1. Fyers NRI account holders are not allowed to invest in currency derivatives.
Conclusion

ICICI is a highly recommended trading account for NRIs who are looking for investing in the stock market and mutual funds in India. It offers a convenient way to invest with competitive brokerage charges. It offers a range of investment options along with a dedicated RM, NRI support desk, free research, and tips. GTC and AMO order helps NRI customers to place an order in their own convenient timings.

Fyers is a good option for NRIs who want to invest in the stock market and mutual funds in India. It has a Zero account opening and AMC charges. It offers a convenient way to invest with low brokerage charges. Fyers NRI account opening contact number - 080-45699999 and Fyers NRI account opening email ID - support@fyers.in.

Promo / Offers

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

FyersSpecial Offer

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O.
  • Brokerage-free Direct Mutual Fund investment.
  • Trade with one of the best trading platforms in India.

This is a limited-time offer. Open FREE Fyers Account online and start trading today.

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