ProStocksUpstoxPaytmFyers5PaisaTradeSmartAlice Bluem.StockINDmoneyMonarch NetworthShare.Market (PhonePe)Indiabulls SecuritiesFirstockThe side-by-side comparison of ICICIdirect and Zerodha NRI Account. Compare ICICIdirect Vs Zerodha NRI Account brokerage charges, exposure margin, demat account and AMC. Read Zerodha and ICICIdirect NRI Account reviews.
Find out ICICIdirect Vs Zerodha which is better NRI Trading Account. See ICICIdirect Vs Zerodha which is best NRI Demat Account.
Our ICICI Securities Pvt Ltd. comparison with Zerodha highlights the major differences between two brokers. Find the best between ICICIdirect and Zerodha NRI Account.
| ICICIdirect | Zerodha | |
|---|---|---|
 |  | |
| About the Broker | ICICI 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... | Zerodha is a leading stock broker in India. The Bengaluru based stock broker offers online discount broking services to both resident and non-resident Indians (NRIs). Zerodha offers 2-in-1 accounts to NRIs which includes a trading and a demat account... |
| Account Type | NRI Account | NRI 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 with zero brokerage in Equity Delivery and Direct Mutual Funds. Pay a flat ₹20 per trade for Intraday and F&O. Open an instant account (FREE) with Zerodha and start trading today. |
| ICICIdirect | Zerodha | |
|---|---|---|
| NRI Account Opening Fees | ₹4000 | ₹500 |
| NRI Account AMC | ₹0 | ₹0 |
| NRI Demat Account Opening Fees | Rs 0 (Free) | Rs 0 |
| NRI Demat Account AMC | For Individual account: Rs. 700 p.a. | Rs 300 |
| PIS Account AMC | NA | |
| RBI approval for PIS (One time) | ₹500 + GST | ₹500 + GST |
| Open Zerodha Account |
| Account Type | ICICIdirect NRI Account | Zerodha NRI Account |
|---|---|---|
| Equity Delivery | 0.50% - 1.25% | ₹100 per trade (non-PIS), ₹200 per trade (PIS) |
| Equity Futures | 0.03% - 0.05% | ₹100 per trade (non-PIS), ₹200 per trade (PIS) |
| Equity Options | ₹70 to ₹95 | ₹100 per trade (non-PIS), ₹200 per trade (PIS) |
| Open Zerodha Account |
| Contract Note Reporting Charges | NA | |
| Other Brokerage Charges | Demat Account AMC: ₹300 yearly | |
| 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% |
| ICICIdirect | Zerodha | |
|---|---|---|
| Securities Transaction Tax (STT) |
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| Exchange Transaction Charges | Check Exchange Transaction Fee | |
| SEBI Charges | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) |
| Goods and Services Tax (GST) | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
| Stamp Duty | 0.01% 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. |
| ICICIdirect Margin | Zerodha Margin | |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Futures | 1x | 1x |
| Equity Options | 1x | 1x |
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. | ||
| ICICIdirect | Zerodha | |
|---|---|---|
| 3-in-1 Account |  |  |
| Automated Trading | | |
| Free Research And Tips | | |
| Other Features | ||
| Open Zerodha Account |
| ICICIdirect Review | Zerodha Review | |
|---|---|---|
484 Customer Reviews  | 491 Customer Reviews | |
| Fees |  |  |
| Brokerage |  |  |
| Trading Platform |  | |
| Customer Service |  |  |
| Overall Rating |  | |
| Broker Rating | ICICIdirect is Rated 2.3 / 5 based on 484 customer reviews | Zerodha is Rated 3.6 / 5 based on 491 customer reviews |
| Open Zerodha Account |
| ICICIdirect Enquire | ICICIdirect 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 with zero brokerage in Equity Delivery and Direct Mutual Funds. Pay a flat ₹20 per trade for Intraday and F&O. Open an instant account (FREE) with Zerodha and start trading today. |
| ICICIdirect | Zerodha | |
|---|---|---|
| Stocks | | |
| Initial Public Offers (IPO) | | |
| Mutual Funds | | |
| Other Investment Options | ETF, Corporate Bonds, NCD, FD, Insurance |
| ICICIdirect | Zerodha | |
|---|---|---|
| Customer Care Number | +91-22-28307780 | +91 80 4718 1888 |
| Customer Care Email | nri@icicidirect.com | nridesk@zerodha.com |
| Open Zerodha Account |
| ICICIdirect | Zerodha | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| ICICIdirect | Zerodha | |
|---|---|---|
| Pros |
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| Cons |
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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. | Zerodha comes across as a decent choice for NRIs looking to invest in stock markets in India and want to save on brokerage. The company offers best-in-the-industry trading platforms and tools. However, NRIs have to open bank accounts with HDFC Bank, IndusInd Bank, IDFC FIRST Bank and Axis Bank to open a Zerodha NRI account. It also doesn't offer mutual fund investment services to NRIs. It charges a low flat-fee brokerage which makes it an attractive choice for NRIs. |
| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
| ZerodhaSpecial OfferFree Stock Trading and Mutual Funds
Limited-time offer! |
| Open Zerodha Account |
ICICI Direct is a full-service broker whereas Zerodha is a discount broker. In addition to Zerodha, ICICI offers free research, margin against shares, ASBA IPO application, and fund payouts in 30 minutes. Unlike Zerodha, ICICI Direct provides a 3-in-1 account.
Both ICICI and Zerodha charge the same flat Rs 20 per trade brokerage in Intraday, Equity Options, Currency F&O, and Commodity F&O. ICICI charges higher brokerage (0.29%) for equity delivery whereas Zerodha offers it brokerage-free. ICICI Direct offers brokerage-free trading in Eq Futures whereas Zerodha charges Rs 20 per trade.
Compare Between ICICIDirect and Zerodha
| ICICI Direct | Zerodha |
|---|---|
|
Full-Service Broker |
Discount Broker |
|
Have 100's of branches |
No branches |
|
Personalized services through relationship manager. |
No personalized services. |
|
Free research and trading tips. |
No research was provided. |
|
Offer 3-in-1 account |
Offer 2-in-1 account |
|
% based brokerage charges. 0.29% for equity delivery. |
Flat Rs 20 per trade brokerage. Free for equity delivery. |
|
Brokerage-free Equity Futures trading. |
Rs 20 per trade brokerage for Equity Futures trading. |
|
Free trading website and mobile app. |
Free trading website and mobile app. Doesn't offer a trading terminal. |
|
Also offer Mutual Funds, Insurance, Corporate FDs, Bonds, IPO and Loans |
Offer Mutual funds and online IPO. |
|
Offers margin funding. |
No margin funding. |
|
No minimum brokerage. |
The minimum brokerage charge is 0.03% which is very low. |
Find more detail at:
Zerodha is better than ICICI Direct in the following ways:
ICICI Direct is better than Zerodha in the following ways:
Zerodha and ICICIdirect are different types of brokers. Zerodha is an online discount broker offering only online trading services whereas; ICICIdirect is a full-service broker offering a wide range of products including trading, research, and advisory services.
|
Key Factors |
Zerodha |
ICICIdirect |
|---|---|---|
|
Account Type |
2-in-1 Account (Trading and Demat Account) |
3-in-1 Account (Bank, Trading and Demat Account) |
|
Brokerage Plans |
One simple flat rate brokerage plan |
Different brokerage plans |
|
Brokerage (Equity Delivery) |
Free |
0.29% to 0.30% based on plan |
|
Products |
Equity, F&O, Currency, Commodities, IPO, Mutual Funds |
Equity, F&O, Currency, Commodities, IPO, Mutual Funds, Insurance, Corporate FDs, Loans. |
|
Trading Account Opening Fees |
Rs 200 |
Free |
|
Research Services |
No |
Yes |
|
Relationship Manager |
No |
Yes |
|
Offline Branch Support |
No |
Yes |
|
Margin Funding |
No |
Yes |
|
Trading Platform |
Best in the industry |
20+ years old platform |
|
Yes |
No |
Zerodha and ICICIdirect both are stock brokers but they offer different kinds of services. Zerodha is an online flat fee broker offering stocks and mutual funds. ICICIdirect is a full-service broker that provides a range of online and offline services including research, PMS, IPO, Insurance, Mutual Funds.
Zerodha is suitable for investors who can manage to trade on their while, ICICIdirect is for traders that need hand-holding and assistance for trading.
Zerodha is better than ICICIdirect for the following points:
ICICIdirect is better than Zerodha on the following grounds:
ICICIdirect is a full-service broker that provides a wide range of products and services. Zerodha is India's Number 1 broker offering online trading services.
ICICIdirect and Zerodha belong to different categories of the broker. Thus, their suitability differs based on the customer trading needs. Zerodha is suitable for customers who can trade online independently. ICICIdirect is apt for beginners who need assistance for trading or are frequent F&O traders.
ICICIdirect is better than Zerodha on the following grounds:
Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Open Zerodha Account
