About ICICIdirect
ICICIdirect is one of the largest retail stock brokers in India. It is part of the ICICI Group. It offers online trading and investment services to over 50 lakhs customers. The services offered include Equity, Derivatives, IPO, Mutual Funds, Fixed Deposits, Bonds, and Commodity trading at BSE and NSE. The company also offers NCD, wealth products, Home Loans, Insurance, etc.
ICICIdirect's most popu... 
About Fyers
Incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments. FYERS word is an acronym for 'Focus Your Energy & Reform the Self', representing the core values of the company.
The company was founded by young entrepreneurs who believe in building the best trading platforms, being transparent and ...
Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 2015, Fyers is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 2 branches across India.
| ICICIdirect | Fyers | |
|---|---|---|
| Type of Broker | Full Service Broker | Discount Broker |
| Exchnage Membership | BSE, NSE | BSE, NSE, MCX |
| Year of Incorporation | 2000 | 2015 |
| Number of Branches | 154 | 2 |
| Open Fyers Account |
ICICIdirect trading account opening charges is Rs 0 (Free) while Fyers account opening changes is Rs 0 (Free). ICICIdirect Demat Account AMC Charges is For Individual account: Rs. 700 p.a. and Fyers Demat Account AMC Charges is Rs 0 (Free AMC for Lifetime).
| ICICIdirect | Fyers | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 (Free) | Rs 0 (Free AMC for Lifetime) |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account AMC Charges | For Individual account: Rs. 700 p.a. | Rs 0 (Free AMC for Lifetime) |
ICICIdirect brokerage charges for equity is 0.29% and intraday is 0.029% whereas Fyers brokerage charges for equity is 0.03% or Rs 20, whichever is lower and intraday is 0.03% or Rs 20, whichever is lower.
| Account Type | ICICIdirect ICICI Direct Moneysaver Plan | Fyers Flat Fee Brokerage Plan |
|---|---|---|
| Fixed Charges | NA | NA |
| Equity Delivery | 0.29% | 0.03% or Rs 20, whichever is lower |
| Equity Intraday | 0.029% | 0.03% or Rs 20, whichever is lower |
| Equity Futures | 0.029% | 0.03% or Rs 20, whichever is lower |
| Equity Options | Rs 49 per lot | Rs 20 per executed order |
| Currency Futures | Rs 20 per order | 0.03% or Rs 20, whichever is lower |
| Currency Options | Rs 20 per order | Rs 20 per executed order |
| Commodity Futures | Rs 20 per order | 0.03% or Rs 20, whichever is lower |
| Commodity Options | Rs 20 per order | Rs 20 per executed order |
| 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. |
| ICICIdirect | Fyers | |
|---|---|---|
| Account Type | Prime Plan - 999 | Flat Fee Brokerage Plan |
| Fixed Charges | Rs 999 one time | NA |
| Equity Delivery | 0.22% | 0.03% or Rs 20, whichever is lower |
| Equity Intraday | 0.022% | 0.03% or Rs 20, whichever is lower |
| Equity Futures | 0.022% | 0.03% or Rs 20, whichever is lower |
| Equity Options | Rs 49/order | Rs 20 per executed order |
| Currency Futures | Rs 20 per order | 0.03% or Rs 20, whichever is lower |
| Currency Options | Rs 20 per order | Rs 20 per executed order |
| Commodity Futures | Rs 20/order | 0.03% or Rs 20, whichever is lower |
| Commodity Options | Rs 20/order | Rs 20 per executed order |
| Open Fyers Account |
| ICICIdirect | Fyers | |
|---|---|---|
| Account Type | Prime Plan - 9999 | Flat Fee Brokerage Plan |
| Fixed Charges | Rs 9999 one time | NA |
| Equity Delivery | 0.07% | 0.03% or Rs 20, whichever is lower |
| Equity Intraday | 0.007% | 0.03% or Rs 20, whichever is lower |
| Equity Futures | 0.007% | 0.03% or Rs 20, whichever is lower |
| Equity Options | Rs 9 per lot | Rs 20 per executed order |
| Currency Futures | Rs 20 per order | 0.03% or Rs 20, whichever is lower |
| Currency Options | Rs 20 per order | Rs 20 per executed order |
| Commodity Futures | Rs 20 per lot | 0.03% or Rs 20, whichever is lower |
| Commodity Options | Rs 20 per lot | Rs 20 per executed order |
| Open Fyers Account |
| Minimum Brokerage | No minimum brokerage (Moneysaver Plan) | Intra-day: 0.03% or Rs 20, whichever is lower |
| Other Charges | Daily MTF Interest Rates: 0.049% | Yearly Margin Trading Interest: 17.99% | Square-off by Fyers - Rs 50 per trade, NRI Brokerage: Rs 50 (equity delivery) |
| Call & Trade Charges | Rs 50 per trade | Rs 50 per trade |
| Open Fyers Account |
ICICIdirect margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Fyers margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| ICICIdirect | Fyers | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
| Open Fyers Account |
The trading platforms offered ICICIdirect include ICICI Direct.com (website), ICICI Direct Mobile App. Fyers offers Fyers App, Fyers Web, Fyers Next trading software.
| ICICIdirect | Fyers | |
|---|---|---|
| 3 in 1 Account |  | |
| Automated Trading | | |
| Margin Trading Funding | | |
| Margin Against Shares (Equity Cash) | | |
| Margin Against Shares (Equity F&O) | | |
| Trading Platform | ICICI Direct.com (website), ICICI Direct Mobile App | Fyers App, Fyers Web, Fyers Next |
| Intraday Square-off Time | 3:15 PM | 3:15 PM |
| Trading In SME Shares Allowed? | | |
| Referral Program |  | |
| Other Features | Daily, monthly and yearly free research recommendations, 100% limit in shares as margin | API Trading, Algo Trading and Insta Options is available, which is designed for options traders. |
| Open Fyers Account |
ICICIdirect is rated of 5 based on 486 customer reviews whereas Fyers is rated of 5 based on 38 customer reviews.
| ICICIdirect | Fyers | |
|---|---|---|
486 Customer Reviews  | 38 Customer Reviews | |
| Fees |  |  |
| Brokerage |  |  |
| Trading Platform |  |  |
| Customer Service |  |  |
| Research Capabilities |  |  |
| Overall Rating |  | |
| Broker Rating | ICICIdirect is Rated 2.3 / 5 based on 486 customer reviews | Fyers is Rated 3.0 / 5 based on 38 customer reviews |
| ICICIdirect | Fyers | |
|---|---|---|
| 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. |
| ICICIdirect | Fyers | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| ICICIdirect | Fyers | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Open Fyers Account |
| ICICIdirect | Fyers | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| ICICIdirect | Fyers | |
|---|---|---|
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| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
| Fyers Special OfferFree Equity Delivery Trading and Mutual Funds
This is a limited-time offer. Open FREE Fyers Account online and start trading today. |
| Open Fyers Account |
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