ICICIdirect Vs INDmoney (Compare ICICIdirect and INDmoney)

ICICIdirect Vs INDmoney

Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 2019, INDmoney is a Discount Broker. It offers trading at BSE, NSE. It has 1 branches across India.

	ICICIdirect	INDmoney
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE	BSE, NSE
Year of Incorporation	2000	2019
Number of Branches	154	1
		Open INDmoney Account

ICICIdirect Vs INDmoney Charges & AMC

ICICIdirect trading account opening charges is Rs 0 (Free) while INDmoney account opening changes is Rs 0. ICICIdirect Demat Account AMC Charges is For Individual account: Rs. 700 p.a. and INDmoney Demat Account AMC Charges is Rs 0.

	ICICIdirect	INDmoney
Trading Account Opening Charges	Rs 0 (Free)	Rs 0
Trading Account AMC Charges	Rs 0 (Free)	Rs 0
Demat Account Opening Charges	Rs 0 (Free)	Rs 0
Demat Account AMC Charges	For Individual account: Rs. 700 p.a.	Rs 0

ICICIdirect Vs INDmoney Brokerage

ICICIdirect brokerage charges for equity is 0.29% and intraday is 0.029% whereas INDmoney brokerage charges for equity is 0.05% of order value or Rs 20, whichever is lower and intraday is 0.05% of order value or Rs 20, whichever is lower.

Account Type	ICICIdirect ICICI Direct Moneysaver Plan	INDmoney Standard Plan
Fixed Charges	NA
Equity Delivery	0.29%	0.05% of order value or Rs 20, whichever is lower
Equity Intraday	0.029%	0.05% of order value or Rs 20, whichever is lower
Equity Futures	0.029%	Rs 20 per executed order
Equity Options	Rs 49 per lot	Rs 20 per executed order
Currency Futures	Rs 20 per order
Currency Options	Rs 20 per order
Commodity Futures	Rs 20 per order
Commodity Options	Rs 20 per 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 in the Indian market at a flat 20 per trade and 0 commission Mutual Funds. Get a 4X instant wallet boost with MTF at just 0.04% daily interest. Open a lifetime Free account now. Invest in Indian and US stocks from one app, starting at just Rs 100.

ICICIdirect Vs INDmoney Brokerage Plan 2

	ICICIdirect	INDmoney
Account Type	Prime Plan - 299	Standard Plan
Fixed Charges	Rs 299 yearly
Equity Delivery	0.25%	0.05% of order value or Rs 20, whichever is lower
Equity Intraday	0.025%	0.05% of order value or Rs 20, whichever is lower
Equity Futures	0.025%	Rs 20 per executed order
Equity Options	Rs 49 per lot	Rs 20 per executed order
Currency Futures	Rs 20 per order
Currency Options	Rs 20 per order
Commodity Futures	Rs 20 per lot
Commodity Options	Rs 20 per lot
		Open INDmoney Account

ICICIdirect Vs INDmoney Brokerage Plan 3

	ICICIdirect	INDmoney
Account Type	Prime Plan - 9999	Standard Plan
Fixed Charges	Rs 9999 one time
Equity Delivery	0.07%	0.05% of order value or Rs 20, whichever is lower
Equity Intraday	0.007%	0.05% of order value or Rs 20, whichever is lower
Equity Futures	0.007%	Rs 20 per executed order
Equity Options	Rs 9 per lot	Rs 20 per executed order
Currency Futures	Rs 20 per order
Currency Options	Rs 20 per order
Commodity Futures	Rs 20 per lot
Commodity Options	Rs 20 per lot
		Open INDmoney Account

ICICIdirect Charges Vs INDmoney

Minimum Brokerage	No minimum brokerage (Moneysaver Plan)	Rs 2
Other Charges	Daily MTF Interest Rates: 0.049% | Yearly Margin Trading Interest: 17.99%
Call & Trade Charges	Rs 50 per trade	Rs 500
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ICICIdirect Vs INDmoney Leverage (Margin)

ICICIdirect margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the INDmoney margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

	ICICIdirect	INDmoney
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 INDmoney Features

The trading platforms offered ICICIdirect include ICICI Direct.com (website), ICICI Direct Mobile App. INDmoney offers INDmoney App, INDstocks App and INDmoney Web Platform trading software.

	ICICIdirect	INDmoney
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	INDmoney App, INDstocks App and INDmoney Web Platform
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
		Open INDmoney Account

ICICIdirect Vs INDmoney Review

ICICIdirect is rated of 5 based on 484 customer reviews whereas INDmoney is rated of 5 based on 1 customer reviews.

	ICICIdirect	INDmoney
	484 Customer Reviews	1 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	INDmoney is Rated 4.0 / 5 based on 1 customer reviews

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ICICIdirect Vs INDmoney Investment Options

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

ICICIdirect Vs INDmoney Order Type Offered

	ICICIdirect	INDmoney
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order (AMO)
Good Till Cancelled (GTC)
		Open INDmoney Account

ICICIdirect Vs INDmoney Suitable For Investor Type

	ICICIdirect	INDmoney
Casual Investor
Active Investor
Trader

ICICIdirect Vs INDmoney - Pros and Cons

	ICICIdirect	INDmoney
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.	Zero-cost trading account opening. INDmoney AMC charges are Rs 0 (lifetime). Invest in Indian and US stocks from one app. Pledge & Unpledge: Rs 20 + GST per ISIN per request. INDmoney for US stocks: Direct Access (NSEIX) and Zero AMC and Withdrawal Charges. Mutual Fund: Invest in 1600+ Direct Plan Mutual Funds. Invest in NPS: Efficient Retirement Planning. Save up to Rs 62,400/- per year in taxes with NPS. Family Accounts: Manage All your Family Accounts.
Cons	Demat Account is mandatory.	No Margin Trading Funding — Borrowed funds for leveraged trades are not available. No Currency or Commodity Trading — Limited to equity, mutual funds, and US stock segments. No 3-in-1 Account — Banking, demat, and trading are not linked together.
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	INDmoney Special Offer Free stock trading and mutual funds Account Lifetime FREE Demat account AMC Brokerage free Mutual Fund investment Invest in Indian and US stocks from one app 4X instant wallet boost with MTF at just 0.04% interest per day Flat ₹20 brokerage per trade across all F&O segments Zero Fees on US stocks deposits and Withdrawals Track all finances and know your net worth Limited-time offer! Open your instant INDmoney account (FREE) online and start trading today.
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