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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 popular service is its 3-in-1 account, which includes the ICICI Bank Account, ICICI Trading Account, and... 
About SBI Securities
SBI Securities Ltd is the stock broking arm of the State Bank Group and a 100% subsidiary of SBI Capital Markets Ltd. SBI Securities is a full-service stock broker. Founded in 2006, the company's services include Institution Equity, Retail Equity, Derivatives, Broking, Depository services and Third Party Distribution products. They also provide online trading services to investors & traders.
SBI Securities portal is the flagship trading platform of the company. It allows both Resident Indians a...
Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 2001, SBI Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 117 branches across India.
| ICICIdirect | SBI Securities | |
|---|---|---|
| Type of Broker | Full Service Broker | Full Service Broker |
| Exchnage Membership | BSE, NSE | BSE, NSE |
| Year of Incorporation | 2000 | 2001 |
| Number of Branches | 154 | 117 |
ICICIdirect trading account opening charges is Rs 0 (Free) while SBI Securities account opening changes is Rs 0. ICICIdirect Demat Account AMC Charges is For Individual account: Rs. 700 p.a. and SBI Securities Demat Account AMC Charges is Rs 0.
| ICICIdirect | SBI Securities | |
|---|---|---|
| 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 brokerage charges for equity is 0.29% and intraday is 0.029% whereas SBI Securities brokerage charges for equity is 0.50% and intraday is Rs 20 per order.
| Account Type | ICICIdirect ICICI Direct Moneysaver Plan | SBI Securities Suvidha |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | 0.29% | 0.50% |
| Equity Intraday | 0.029% | Rs 20 per order |
| Equity Futures | 0.029% | 0.05% |
| Equity Options | Rs 49 per lot | Rs 50 per lot (sell and buy side) |
| Currency Futures | Rs 20 per order | Rs 20 per lot |
| Currency Options | Rs 20 per order | Rs 20 per lot |
| Commodity Futures | Rs 20 per order | 0.05% |
| Commodity Options | Rs 20 per order | Rs 50 (sell and buy side) |
| 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 | SBI Securities | |
|---|---|---|
| Account Type | Prime Plan - 299 | Suvidha |
| Fixed Charges | Rs 299 yearly | |
| Equity Delivery | 0.25% | 0.50% |
| Equity Intraday | 0.025% | Rs 20 per order |
| Equity Futures | 0.025% | 0.05% |
| Equity Options | Rs 49 per lot | Rs 50 per lot (sell and buy side) |
| Currency Futures | Rs 20 per order | Rs 20 per lot |
| Currency Options | Rs 20 per order | Rs 20 per lot |
| Commodity Futures | Rs 20 per lot | 0.05% |
| Commodity Options | Rs 20 per lot | Rs 50 (sell and buy side) |
| ICICIdirect | SBI Securities | |
|---|---|---|
| Account Type | Prime Plan - 9999 | Suvidha |
| Fixed Charges | Rs 9999 one time | |
| Equity Delivery | 0.07% | 0.50% |
| Equity Intraday | 0.007% | Rs 20 per order |
| Equity Futures | 0.007% | 0.05% |
| Equity Options | Rs 9 per lot | Rs 50 per lot (sell and buy side) |
| Currency Futures | Rs 20 per order | Rs 20 per lot |
| Currency Options | Rs 20 per order | Rs 20 per lot |
| Commodity Futures | Rs 20 per lot | 0.05% |
| Commodity Options | Rs 20 per lot | Rs 50 (sell and buy side) |
| Minimum Brokerage | No minimum brokerage (Moneysaver Plan) | Rs 0.05 for Cash, Rs 0.01 Future |
| Other Charges | Daily MTF Interest Rates: 0.049% | Yearly Margin Trading Interest: 17.99% | |
| Call & Trade Charges | Rs 50 per trade | Free |
ICICIdirect margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the SBI Securities margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| ICICIdirect | SBI Securities | |
|---|---|---|
| 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. SBI Securities offers SBI Smart Web, SBI Smart Mobile trading software.
| ICICIdirect | SBI Securities | |
|---|---|---|
| 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 | SBI Smart Web, SBI Smart Mobile |
| Intraday Square-off Time | 3:15 PM | 2:45 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 484 customer reviews whereas SBI Securities is rated of 5 based on 165 customer reviews.
| ICICIdirect | SBI Securities | |
|---|---|---|
484 Customer Reviews  | 165 Customer Reviews | |
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| Broker Rating | ICICIdirect is Rated 2.3 / 5 based on 484 customer reviews | SBI Securities is Rated 2.5 / 5 based on 165 customer reviews |
| ICICIdirect | SBI Securities | |
|---|---|---|
| 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 | SBI Securities | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| ICICIdirect | SBI Securities | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| ICICIdirect | SBI Securities | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| ICICIdirect | SBI Securities | |
|---|---|---|
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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
|
Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
