ICICIdirect Vs Fyers (Compare ICICIdirect and Fyers)

ICICIdirect Vs Fyers

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
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ICICIdirect Vs Fyers Charges & AMC

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 Vs Fyers Brokerage

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 Vs Fyers Brokerage Plan 2

	ICICIdirect	Fyers
Account Type	Prime Plan - 299	Flat Fee Brokerage Plan
Fixed Charges	Rs 299 yearly	NA
Equity Delivery	0.25%	0.03% or Rs 20, whichever is lower
Equity Intraday	0.025%	0.03% or Rs 20, whichever is lower
Equity Futures	0.025%	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 lot	0.03% or Rs 20, whichever is lower
Commodity Options	Rs 20 per lot	Rs 20 per executed order
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ICICIdirect Vs Fyers Brokerage Plan 3

	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
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ICICIdirect Charges Vs Fyers

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
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ICICIdirect Vs Fyers Leverage (Margin)

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)
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Compare ICICIdirect and Fyers Features

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.
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ICICIdirect Vs Fyers Review

ICICIdirect is rated of 5 based on 484 customer reviews whereas Fyers is rated of 5 based on 37 customer reviews.

	ICICIdirect	Fyers
	484 Customer Reviews	37 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Rating
Broker Rating	ICICIdirect is Rated 2.3 / 5 based on 484 customer reviews	Fyers is Rated 2.9 / 5 based on 37 customer reviews

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ICICIdirect Vs Fyers Investment Options

	ICICIdirect	Fyers
Stock / Equity
Commodity
IPO
Mutual Funds
Bond / NCD
Debt

ICICIdirect Vs Fyers Order Type Offered

	ICICIdirect	Fyers
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order (AMO)
Good Till Cancelled (GTC)
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ICICIdirect Vs Fyers Suitable For Investor Type

	ICICIdirect	Fyers
Casual Investor
Active Investor
Trader

ICICIdirect Vs Fyers - Pros and Cons

	ICICIdirect	Fyers
Pros	Offers 3-in-1 account which makes seamlessand instant fund transfers between bank and trading account. Wide range of investment options available under one portal. Enables curation of watchlist and has 4.8 (App Store) rated mobile app. GTC (good till cancellation) and off-market hours order placement facility is very useful.	Free equity delivery trades and thematic investments. No brokerage for this segment. Very low brokerage charges of maximum Rs 20 per trade. Free account opening. No software charges. State of art trading platforms. Thematic investment is available Refer your friends and earn 20% of the revenues generated by your friends, for life!
Cons	Demat Account is mandatory.	Depository services are offered through another company (IL&FS). Higher demat charges.
Reviews
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	Fyers Special Offer Free Equity Delivery Trading and Mutual Funds Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O. Brokerage-free Direct Mutual Fund investment. Trade with one of the best trading platforms in India. This is a limited-time offer. Open FREE Fyers Account online and start trading today.
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