ICICIdirect Vs Tradingo NRI Account Comparison

ICICIdirect Vs Tradingo

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

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

Our ICICI Securities Pvt Ltd. comparison with Tradingo (Swastika Investmart Ltd) highlights the major differences between two brokers. Find the best between ICICIdirect and Tradingo NRI Account.

 ICICIdirectTradingo
 
 ICICIdirect LogoTradingo 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.Tradingo is an online broker offering stock market investment and trading services to the resident as well as NRI investors. Tradingo is a part of Swastika Investmart Ltd., a traditional full-service broker with over 29 years of stockbroking experien...Know more about Tradingo (Swastika Investmart Ltd)
Account TypeNRI AccountNRI Standard Plan
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.

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.

ICICIdirect Vs Tradingo Charges

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 ICICIdirectTradingo
NRI Account Opening Fees₹4000Rs 300
NRI Account AMC₹0Rs 0
NRI Demat Account Opening FeesRs 0 (Free)Rs 0
NRI Demat Account AMCFor Individual account: Rs. 700 p.a.Rs 250 +GST (From 2nd Year)
PIS Account AMCNA
RBI approval for PIS (One time)₹500 + GST₹500 + GST

ICICIdirect Vs Tradingo NRI Account Brokerage Comparison

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Account TypeICICIdirect NRI AccountTradingo NRI Standard Plan
Equity Delivery0.50% - 1.25%PIS Acct: Rs 100/Trade | Non-PIS: Rs 500/trade
Equity Futures0.03% - 0.05%Rs 50 per executed order
Equity Options₹70 to ₹95Rs 50 per executed order

Other Charges

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Contract Note Reporting ChargesNA
Other Brokerage ChargesDemat Account AMC - Rs 300
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 Vs Tradingo NRI Account Taxes/Fees

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 ICICIdirectTradingo
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.

ICICIdirect Vs Tradingo NRI Account Margin

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 ICICIdirect MarginTradingo 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.

ICICIdirect and Tradingo NRI Account Features

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 ICICIdirectTradingo
3-in-1 AccountYesNo
Automated TradingNoNo
Free Research And TipsYesNo
Other Features

ICICIdirect Vs Tradingo NRI Account Review

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 ICICIdirect ReviewTradingo Review
 486 Customer Reviews    Rate ICICIdirect6 Customer Reviews    Rate Tradingo
FeesRated 2.2 starsRated 4.2 stars
BrokerageRated 1.7 starsRated 4.7 stars
Trading PlatformRated 3.3 starsRated 3.5 stars
Customer ServiceRated 2.6 starsRated 3.8 stars
Overall RatingRated 2.3 starsRated 4.0 stars
Broker RatingICICIdirect is Rated 2.3 / 5 based on 486 customer reviewsTradingo is Rated 4.0 / 5 based on 6 customer reviews

Contact Broker / Request A Call Back

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 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 (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

ICICIdirect Vs Tradingo NRI Investment Options

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

ICICIdirect Vs Tradingo NRI Customer Service

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 ICICIdirectTradingo
Customer Care Number+91-22-28307780+91 9667657700,+91 9667658800
Customer Care Emailnri@icicidirect.comhelpdesk@gotradingo.com

ICICIdirect Vs Tradingo Order Type Offered for NRI Account

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 ICICIdirectTradingo
Bracket OrderYesYes
Cover OrderYesYes
After Market Order (AMO)YesYes
Good Till Cancelled (GTC)YesNo

ICICIdirect Vs Tradingo - NRI Account Advantages and Disadvantages

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 ICICIdirectTradingo
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.
  • Simple brokerage model.
  • Allows Equity Stocks investment using a non-PIS account.
  • Allows linking the trading account with any NRI bank account opened with a designated bank in India.
  • Offers to trade via mobile app, website, or trading terminal.
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.
  • Only offers a 2-in-1 account which increases the paperwork to open separate NRI bank account with other banks.
  • Higher Brokerage charges for non-PIS account.
  • Clients need to pay to avail of research services.
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.

Tradingo is a discount broker that offers 2-in-1 account services to NRI at ultra-low-cost brokerage charges. You can link or open an NRI bank account with any designated bank of your choice. Tradingo also offers advanced trading platforms to NRI to trade via mobile, web, or desktop software.

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

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

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Side-by-Side Comparison of Broker

ICICIdirect Vs Tradingo NRI Account Comparison