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 Kotak Neo
Incorporated in 1994, Kotak Neo is a full-service stock broker offering 3-in-1 account (Bank + Trading + Demat Account) to retail investors in India. It offers investment in equities, derivatives (equities, commodities, currency) and mutual funds. It also offers services like Research SMS, margin trading, depository services and third-party products like insurance. The company also provides d...
Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 1994, Kotak Neo is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 153 branches across India.
| ICICIdirect | Kotak Neo | |
|---|---|---|
| Type of Broker | Full Service Broker | Full Service Broker |
| Exchnage Membership | BSE, NSE | BSE, NSE, MCX, NCDEX |
| Year of Incorporation | 2000 | 1994 |
| Number of Branches | 154 | 153 |
| Open Kotak Neo Account |
ICICIdirect trading account opening charges is Rs 0 (Free) while Kotak Neo account opening changes is Rs 0 (Free). ICICIdirect Demat Account AMC Charges is For Individual account: Rs. 700 p.a. and Kotak Neo Demat Account AMC Charges is Rs 600.
| ICICIdirect | Kotak Neo | |
|---|---|---|
| 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. | Rs 600 |
ICICIdirect Brokerage Charges for equity is 0.29% and intraday is 0.029% whereas Kotak Neo brokerage charges for equity is 0.20% (free for the first 30 days) and Intraday is Rs 10 per order or 0.05%, whichever is lower.
| Account Type | ICICIdirect ICICI Direct Moneysaver Plan | Kotak Neo Trade Free Plan |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | 0.29% | 0.20% (free for the first 30 days) |
| Equity Intraday | 0.029% | Rs 10 per order or 0.05%, whichever is lower |
| Equity Futures | 0.029% | Rs 10 per order |
| Equity Options | Rs 49 per lot | Rs 10 per order |
| Currency Futures | Rs 20 per order | Rs 10 per order |
| Currency Options | Rs 20 per order | Rs 10 per order |
| Commodity Futures | Rs 20 per order | Rs 10 per order |
| Commodity Options | Rs 20 per order | Rs 10 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: Trade smarter with Kotak Neo low-cost plans. |
| ICICIdirect | Kotak Neo | |
|---|---|---|
| Account Type | Prime Plan - 999 | Trade Free Youth |
| Fixed Charges | Rs 999 one time | |
| Equity Delivery | 0.22% | Rs 0 |
| Equity Intraday | 0.022% | Rs 10 per order or 0.05%, whichever is lower |
| Equity Futures | 0.022% | Rs 10 per order |
| Equity Options | Rs 49/order | Rs 10 per order |
| Currency Futures | Rs 20 per order | Rs 10 per order |
| Currency Options | Rs 20 per order | Rs 10 per order |
| Commodity Futures | Rs 20/order | Rs 10 per order |
| Commodity Options | Rs 20/order | Rs 10 per order |
| Open Kotak Neo Account |
| ICICIdirect | Kotak Neo | |
|---|---|---|
| Account Type | Prime Plan - 9999 | Trade Free Pro |
| Fixed Charges | Rs 9999 one time | Rs 249 |
| Equity Delivery | 0.07% | 0.10% (free for the first 30 days) |
| Equity Intraday | 0.007% | Rs 10 per order or 0.05%, whichever is lower |
| Equity Futures | 0.007% | Rs 10 per order |
| Equity Options | Rs 9 per lot | Rs 10 per order |
| Currency Futures | Rs 20 per order | Rs 10 per order |
| Currency Options | Rs 20 per order | Rs 10 per order |
| Commodity Futures | Rs 20 per lot | Rs 10 per order |
| Commodity Options | Rs 20 per lot | Rs 10 per order |
| Open Kotak Neo Account |
| Minimum Brokerage | No minimum brokerage (Moneysaver Plan) | |
| Other Charges | Daily MTF Interest Rates: 0.049% | Yearly Margin Trading Interest: 17.99% | |
| Call & Trade Charges | Rs 50 per trade | Rs 49 + GST per executed order |
| Open Kotak Neo Account |
ICICIdirect margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Kotak Neo margin for intraday trading is up to 20% of the trade value (4x leverage) based on the stock.
| ICICIdirect | Kotak Neo | |
|---|---|---|
| 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 Kotak Neo Account |
The trading platforms offered ICICIdirect include ICICI Direct.com (website), ICICI Direct Mobile App. Kotak Neo offers Kotak Neo Trading App, Kotak Neo Web, Nest Trading Terminal trading software.
| ICICIdirect | Kotak Neo | |
|---|---|---|
| 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 | Kotak Neo Trading App, Kotak Neo Web, Nest Trading Terminal |
| Intraday Square-off Time | 3:15 PM | 3:20 P.M |
| Trading In SME Shares Allowed? | | |
| Referral Program |  | |
| Other Features | Daily, monthly and yearly free research recommendations, 100% limit in shares as margin | 3-in-1 account |
| Open Kotak Neo Account |
ICICIdirect is rated of 5 based on 486 customer reviews whereas Kotak Neo is rated of 5 based on 202 customer reviews.
| ICICIdirect | Kotak Neo | |
|---|---|---|
486 Customer Reviews  | 202 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 | Kotak Neo is Rated 2.4 / 5 based on 202 customer reviews |
| ICICIdirect | Kotak Neo | |
|---|---|---|
| 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. | Trade smarter with Kotak Neo low-cost plans. |
| ICICIdirect | Kotak Neo | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| ICICIdirect | Kotak Neo | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Open Kotak Neo Account |
| ICICIdirect | Kotak Neo | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| ICICIdirect | Kotak Neo | |
|---|---|---|
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| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
| Kotak Neo Special OfferKotak Neo Trade Free Plan Open a 3-in-1 account and get:
Interested in opening a trading account? Open Instant Account Now |
| Open Kotak Neo Account |
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