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 Arihant Capital
Established in 1992, Arihant Capital Markets Limited is a relationship-driven financial services firm with a wide physical presence across India. Its offerings extend beyond trading to include long-term investment and wealth solutions across equities, derivatives, mutual funds, fixed income, PMS, and specialised services for HNIs and NRIs.
Backed by institutional-grade research, portfolio reportin...
Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 1992, Arihant Capital is a Full Service Broker. It offers trading at BSE, NSE. It has 700 branches across India.
| ICICIdirect | Arihant Capital | |
|---|---|---|
| Type of Broker | Full Service Broker | Full Service Broker |
| Exchnage Membership | BSE, NSE | BSE, NSE |
| Year of Incorporation | 2000 | 1992 |
| Number of Branches | 154 | 700 |
ICICIdirect trading account opening charges is Rs 0 (Free) while Arihant Capital account opening changes is Rs 0 (Free). ICICIdirect Demat Account AMC Charges is For Individual account: Rs. 700 p.a. and Arihant Capital Demat Account AMC Charges is 1st year Nil; from 2nd year onwards Rs 362 p.a..
| ICICIdirect | Arihant Capital | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 (Free) | Rs 0 |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account AMC Charges | For Individual account: Rs. 700 p.a. | 1st year Nil; from 2nd year onwards Rs 362 p.a. |
ICICIdirect brokerage charges for equity is 0.29% and intraday is 0.029% whereas Arihant Capital brokerage charges for equity is Rs 20 per order | 0.03% (whichever is lower) and intraday is Rs 20 per order | 0.03% (whichever is lower).
| Account Type | ICICIdirect ICICI Direct Moneysaver Plan | Arihant Capital |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | 0.29% | Rs 20 per order | 0.03% (whichever is lower) |
| Equity Intraday | 0.029% | Rs 20 per order | 0.03% (whichever is lower) |
| Equity Futures | 0.029% | Rs 20 per order | 0.03% (whichever is lower) |
| Equity Options | Rs 49 per lot | Rs 50 per lot |
| Currency Futures | Rs 20 per order | 0.01% of order value |
| Currency Options | Rs 20 per order | Rs 10 per lot |
| Commodity Futures | Rs 20 per order | MCX: 0.02% order value NCDEX: 0.02% order value |
| Commodity Options | Rs 20 per order | MCX: Rs 50 per lot NCDEX: Rs 20 per lot |
| 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 | Arihant Capital | |
|---|---|---|
| Account Type | Prime Plan - 999 | |
| Fixed Charges | Rs 999 one time | |
| Equity Delivery | 0.22% | Rs 20 per order | 0.03% (whichever is lower) |
| Equity Intraday | 0.022% | Rs 20 per order | 0.03% (whichever is lower) |
| Equity Futures | 0.022% | Rs 20 per order | 0.03% (whichever is lower) |
| Equity Options | Rs 49/order | Rs 50 per lot |
| Currency Futures | Rs 20 per order | 0.01% of order value |
| Currency Options | Rs 20 per order | Rs 10 per lot |
| Commodity Futures | Rs 20/order | MCX: 0.02% order value NCDEX: 0.02% order value |
| Commodity Options | Rs 20/order | MCX: Rs 50 per lot NCDEX: Rs 20 per lot |
| ICICIdirect | Arihant Capital | |
|---|---|---|
| Account Type | Prime Plan - 9999 | |
| Fixed Charges | Rs 9999 one time | |
| Equity Delivery | 0.07% | Rs 20 per order | 0.03% (whichever is lower) |
| Equity Intraday | 0.007% | Rs 20 per order | 0.03% (whichever is lower) |
| Equity Futures | 0.007% | Rs 20 per order | 0.03% (whichever is lower) |
| Equity Options | Rs 9 per lot | Rs 50 per lot |
| Currency Futures | Rs 20 per order | 0.01% of order value |
| Currency Options | Rs 20 per order | Rs 10 per lot |
| Commodity Futures | Rs 20 per lot | MCX: 0.02% order value NCDEX: 0.02% order value |
| Commodity Options | Rs 20 per lot | MCX: Rs 50 per lot NCDEX: Rs 20 per lot |
| Minimum Brokerage | No minimum brokerage (Moneysaver Plan) | Rs 20 |
| Other Charges | Daily MTF Interest Rates: 0.049% | Yearly Margin Trading Interest: 17.99% | Online Bank Transfer Charges Rs 0 |
| Call & Trade Charges | Rs 50 per trade | Rs 0 |
ICICIdirect margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Arihant Capital margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| ICICIdirect | Arihant Capital | |
|---|---|---|
| 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) |
The trading platforms offered ICICIdirect include ICICI Direct.com (website), ICICI Direct Mobile App. Arihant Capital offers ArihantPlus App trading software.
| ICICIdirect | Arihant Capital | |
|---|---|---|
| 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 | ArihantPlus App |
| Intraday Square-off Time | 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 | |
ICICIdirect is rated of 5 based on 486 customer reviews whereas Arihant Capital is rated of 5 based on 0 customer reviews.
| ICICIdirect | Arihant Capital | |
|---|---|---|
486 Customer Reviews  | 0 Customer Reviews | |
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| Broker Rating | ICICIdirect is Rated 2.3 / 5 based on 486 customer reviews | Arihant Capital is Rated / 5 based on 0 customer reviews |
| ICICIdirect | Arihant Capital | |
|---|---|---|
| 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 | Arihant Capital | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| ICICIdirect | Arihant Capital | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| ICICIdirect | Arihant Capital | |
|---|---|---|
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| ICICIdirect | Arihant Capital | |
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| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
| Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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