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ICICIdirect Vs Firstock NRI Account Comparison

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

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

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

ICICIdirect Vs Firstock

 ICICIdirectFirstock
 
 ICICIdirect LogoFirstock 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.Firstock is a discount brokerage firm that offers Non-Resident Indians (NRIs) the ability to invest in the Indian stock market through a hybrid account opening process combining online and offline steps. NRIs can trade in equity delivery and derivati...Know more about Firstock Broking Private Limited
Account TypeNRI AccountEquity (PIS)
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: Experience ZERO Brokerage on Delivery trades with Firstock. Rs 20 Brokerage on Intraday and F&O trades, with no hidden charges. Open Free Demat account with Firstock and start trading today.

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ICICIdirect Vs Firstock Charges

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

Account TypeICICIdirect NRI AccountFirstock Equity (PIS)
Equity Delivery0.50% - 1.25%0.5% or Rs 200 per order, whichever is lower
Equity Futures0.03% - 0.05%Rs 100 per executed order
Equity Options₹70 to ₹95Rs 100 per executed order
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Other Charges

Contract Note Reporting Charges
Other Brokerage ChargesEquity (Non-PIS) - 0.5% or Rs 100 per order, whichever is lower
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 Firstock NRI Account Taxes/Fees

 ICICIdirectFirstock
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 Firstock NRI Account Margin

 ICICIdirect MarginFirstock 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 Firstock NRI Account Features

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

 ICICIdirect ReviewFirstock Review
 484 Customer Reviews    Rate ICICIdirect1 Customer Reviews    Rate Firstock
FeesRated 2.2 starsRated 3.0 stars
BrokerageRated 1.7 starsRated 3.0 stars
Trading PlatformRated 3.3 starsRated 3.0 stars
Customer ServiceRated 2.6 starsRated 3.0 stars
Overall RatingRated 2.3 starsRated 3.0 stars
Broker RatingICICIdirect is Rated 2.3 / 5 based on 484 customer reviewsFirstock is Rated 3.0 / 5 based on 1 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.
Experience ZERO Brokerage on Delivery trades with Firstock. Rs 20 Brokerage on Intraday and F&O trades, with no hidden charges. Open Free Demat account with Firstock and start trading today.
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ICICIdirect Vs Firstock NRI Investment Options

 ICICIdirectFirstock
StocksYesYes
Initial Public Offers (IPO)YesNo
Mutual FundsYesNo
Other Investment OptionsETF, Corporate Bonds, NCD, FD, Insurance

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ICICIdirect Vs Firstock NRI Customer Service

 ICICIdirectFirstock
Customer Care Number+91-22-28307780
Customer Care Emailnri@icicidirect.com
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ICICIdirect Vs Firstock Order Type Offered for NRI Account

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

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ICICIdirect Vs Firstock - NRI Account Advantages and Disadvantages

 ICICIdirectFirstock
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.
  • No RBI approval is needed if you choose the Non-PIS route.
  • Lower compliance and paperwork.
  • Futures & Options trading is permitted.
  • Competitive brokerage and clearing charges.
  • Fully digital initiation of the process.

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.
  • Physical document submission and IPV are mandatory.
  • F&O trading is not available through NRE–PIS accounts.
  • A custodian account is required for 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.

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.

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FirstockSpecial Offer

Unlimited Trades @ ZERO Brokerage on Delivery trades

  • Rs 0 brokerage on Delivery.
  • Rs 20 per executed order on F&O and Intraday.

This is a limited-time offer. Open a Free Demat Account online and start trading today.

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