Sharekhan Vs Icici Direct Share Broker Comparison

Sharekhan Vs ICICI Direct step-by-step comparison between all aspect of share brokers like Active clients, Trading platform, Brokerage charges, Customer care supports & tools, Margin/leverage, Account opening charges etc.

SHAREKHAN VS ICICI DIRECT SIDE-BY-SIDE COMPARISON

Broker NameSharekhan SecuritiesICICI Direct
Broker InfoSharekhan ReviewICICI Direct Review

SHAREKHAN VS ICICI DIRECT BACKGROUND

BackgroundSharekhan SecuritiesICICI Direct
Incorporation YearFeb, 20002000
Broker ServicesFull-Service Discount BrokerFull-Service Discount Broker
SHAREKHAN VS ICICI DIRECTWebsite URLsharekhan.comicicidirect.com
Contact Number022 3305460001860 123 1122  
Exchanges AccessibleNSE, BSE, MCX-SX, MCX & NCDEXNSE, BSE
Demat (NSDL/CDSL)NSDL & CDSLNSDL & CDSL
Active Total Client5,00,000+ Clients10,00,000+ Clients

INTRODUCTION

IntroductionSharekhan SecuritiesICICI Direct
Broker Reviews /OpinionSharekhan securities has great brand value. One of the largest stock broking company in India. Sharekhan has presences in almost all Indian cities. Provide great trading platform and first broker introduced bracket and trailing stoploss order.ICICI Direct is a subsidary of ICICI bank. ICICIDirect is india’s one of the top 5 full service stock broker. Offers all services at one palce like Trading account+ Bank account+ Demat Account
Broker InquiryGet CallbackGet Callback

BROKER RATINGS AND REVIEWS COMPARISON

Broker Rating/ReviewsSharekhan SecuritiesICICI Direct
Opening Charges★★★★★★★★
Commissions & Fees★★★★★★★
Trading Platforms & Tools★★★★★★★★★
Order Execution★★★★★★★★★
Fund Add/Withdraw★★★★★★★★★
Customer Services★★★★★★★★★
Overall Rating★★★★★★★★

USABLE FOR INVESTORS CATEGORY COMPARISON

Useful for Type of InvestorsSharekhan SecuritiesICICI Direct
Day TradersYes, Available ✔Yes, Available ✔
Active Investor/TraderYes, Available ✔Yes, Available ✔
InvestorYes, Available ✔Yes, Available ✔

ACCOUNT OPENING FEES AND AMC COMPARISON

Account Opening Fees and AMCSharekhan SecuritiesICICI Direct
Trading Account Opening Charges₹ 750 for Classic & ₹ 1000 for Trade Tiger₹ 975
Trading Annual Maintenance Charges₹ 0₹ 0
Demat Account Opening Fees₹ 0₹ 0
Demat Annual Maintenance Charges₹ 450₹ 700
Commodity Fees₹ 0NA
Offer DP ServiceYes, Available ✔Yes, Available ✔

AVAILABLE TRADING BROKERAGE PLANS COMPARISON

Available Brokerage PlansSharekhan SecuritiesICICI Direct
Monthly SubscriptionNot Available, ✖Not Available, ✖
Yearly SubscriptionNot Available, ✖Not Available, ✖
Multiple SubscriptionNot Available, ✖Not Available, ✖

TRADING BROKERAGE CHARGES COMPARISON

Brokerage ChargesSharekhan SecuritiesICICI Direct
Plan Subscription SummeryPercentage Based Brokerage ChargesPercentage Based Brokerage Charges
Equity Intraday Charges0.10% for Intraday Equity Intraday 0.05%
Equity Delivery Charges0.50% for Delivery – NegotiableDelivery 0.25%- Negotiable
Equity Futures Charges0.10% on one side oniy for intraday sq.off & 0.10% on second side if sq.off on next nextOne side for Intraday & 0.05% on Turnover overnight
Equity Options ChargesRs.100 per LotIntraday ₹ 25 Per lot for Intraday & Overnight ₹ 95 per lot
Currency Futures Charges0.10%One side for Intraday & 0.05% on Turnover overnight
Currency Options Charges₹ 20/lot- NegotiableIntraday ₹ 25 Per lot for Intraday & Overnight ₹ 95 per lot
Commodity Charges0.10%NA
Minimum Brokerage FeesDefualt 0.10%0.05% OR 5 Paisa on 100 rupees
Any Hidden CostNo, ✖No, ✖
Call & Trade ChargesFreeFirst 20 Calls Free Than ₹ 25 per call & trade

AVAILABLE MARGINS / LEVERAGE COMPARISON

Margins or LeverageSharekhan SecuritiesICICI Direct
Equity Margin IntradayUpto 32x times for equity cash.Upto 16x times for equity cash.
Equity Margin DeliveryUpto 15x times for equity deliveryUpto 8x times for equity delivery
Equity Margin FuturesUpto 15x times for equity futuresUpto 8x times for equity futures
Equity Margin OptionsUpto 10x times for equity optionsUpto 5x times for equity options
Currency Margin FuturesUpto 8x for currency futuresUpto 8x for currency futures
Currency Margin OptionsUpto 10x for currency optionsUpto 8x for currency options
Commodity MarginUpto 10x times for CommodityNA

TRANSACTION AND OTHER GOVERNMENT CHARGES, TAXES COMPARISON

Transparency & Other FeesSharekhan SecuritiesICICI Direct
Equity Day Trading0.00325% or Rs.325/per crore.0.00325% or Rs.325/per crore.
Equity Delivery0.00325% or Rs.325/per crore.0.00325% or Rs.325/per crore.
Equity Futures Trading0.0021% or Rs.210/per crore.0.0019% or Rs.190/per crore.
Equity Options Trading0.055% or Rs.5500/per crore.0.05% or Rs.5000/per crore.
Currency Futures Trading0.0013% or Rs.130/per crore.0.0011% or Rs.110/per crore.
Currency Options Trading0.042% or Rs.4200/per crore.0.04% or Rs.4000/per crore.
Commodities TradingNANA
AMC Charge₹ 400/- (1st year Free).₹ 700/- (1st year Free).
DP Transaction Fees₹ 16/per transaction.₹ 25/per transaction.
Offline order placing ChargeFree₹ 25 /per call.
Sebi ChargesRs.15/per cr.Rs.15/per cr.
GST 18% on Brokerage + Transaction charges.18% on Brokerage + Transaction charges.
Stamp Duty As per Clients state.As per Clients state.

AVAILABLE TRADING PLATFORM / SOFTWARE COMPARISON

Trading Platforms / SoftwareSharekhan SecuritiesICICI Direct
Desktop Trading PlatformTrade TigerTrade Racer
Web Basednewtrade.sharekhan.comsecure.icicidirect.com
Mobile ApplicationSharekhan Mobile AppICICI Direct Mobile

TRADING PLATFORM DETAILS COMPARISON

Trading Platform DetailsSharekhan SecuritiesICICI Direct
Demo (Desktop) PlatformYes, Available ✔Demo Link
Windows Desktop platform Yes, Available ✔Yes, Available ✔
MAC Desktop platform No, ✖No, ✖
Web Trading URLYes, Available ✔Yes, Available ✔
Web Trading Portals InfoYes, Available ✔Yes, Available ✔
Mobile SiteYes, Available ✔Yes, Available ✔
Mobile Trading AvailabilityYes, Available ✔Yes, Available ✔
Mobile Trading ApplicationDownload LinkDownload Link
Mobile App DemoDemo LinkDemo Link
Android / Ios Mobile AppYes, ✔ Both AvailableYes, ✔ Both Available

CHARTING FACILITY COMPARISON

ChartingSharekhan SecuritiesICICI Direct
Intraday (Day Chart)Yes, Available ✔Yes, Available ✔
End of Day (Daily Chart)Yes, Available ✔Yes, Available ✔
Coding/BacktestingNo, ✖No, ✖

REPORTING COMPARISON

ReportingSharekhan SecuritiesICICI Direct
Trade Online  ReportsYes, Available ✔Yes, Available ✔
PNL Online ReportsYes, Available ✔Yes, Available ✔
Online Contract Notes Yes, Available ✔Yes, Available ✔

TRADING SUPPORT AND TOOLS COMPARISON

Support & ToolsSharekhan SecuritiesICICI Direct
Research & TipsYes, Available ✔Yes, Available ✔
Brokerage CalculatorNo, ✖No, ✖
Span Margin CalculatorNo, ✖No, ✖
Trailing StoplossYes, Available ✔No, ✖
Training & EducationYes, ✔ Blogs, ArticlesYes, ✔ Blogs, Articles

TRADING FEATURES COMPARISON

Useful Trading FeaturesSharekhan SecuritiesICICI Direct
3 in 1 Account (Bank+Trading+Demat)No, ✖Yes, Available ✔
Instant Fund withdrawalNo, ✖Yes, Available ✔
Relationship Managers (RM)Yes, Available ✔Yes, Available ✔
ChartsYes, Available ✔Yes, Available ✔
Algo Trading / RobotNo, ✖No, ✖
Mobile SMS AlertsYes, Available ✔Yes, Available ✔
Online DemoYes, Available ✔Yes, Available ✔
Online Portfolio Yes, Available ✔Yes, Available ✔
Margin for Future TradingYes, Available ✔Yes, Available ✔
Combined Records for Equity & CommodityYes, Available ✔Yes, Available ✔
Intraday Sq.off Timing3.15 PM3.15 PM
Can NRI TradeYes, Available ✔Yes, Available ✔
Extra FeaturesAsk to BrokerAsk to Broker

SERVICES AND AVAILABLE OPTION CATEGORY COMPARISON

Investment Service and Available OptionsSharekhan SecuritiesICICI Direct
Equity Cash & Future & OptionYes, Available ✔Yes, Available ✔
Currency Derivatives (Forex)Yes, Available ✔Yes, Available ✔
Commodity Yes, Available ✔Yes, Available ✔
Online IPO RequestYes, Available ✔Yes, Available ✔
Mutual Funds (MF)Yes, Available ✔Yes, Available ✔
Bonds / Negotiable Certificate of DepositYes, Available ✔Yes, Available ✔
Exchange-Traded Fund (ETF)Yes, Available ✔Yes, Available ✔
Banking ServicesNo, ✖Yes, Available ✔
Direct InsuranceYes, Available ✔Yes, Available ✔
Forex InvestmentYes, Available ✔Yes, Available ✔
MF SIP InvestmentsYes, Available ✔Yes, Available ✔
PMS ServicesYes, Available ✔Yes, Available ✔
Other OptionsAsk to BrokerAsk to Broker

FUND ADD / FUND WITHDRAWAL PROCEDURE COMPARISON

Fund Add/Withdrawal ProcessSharekhan SecuritiesICICI Direct
Fund Pay In and Pay outAdd Fund: Cheque, Online Bank TraNsfer using IMPS, NEFT or RTGS, UPI, Net-Banking and payment gatway. Withdrawal fund: Bank TranferAdd Fund: Cheque, Online Bank TraNsfer using IMPS, NEFT or RTGS, UPI, Net-Banking and payment gatway. Withdrawal fund: Bank Tranfer
Time for Payout24 hours (working days)24 hours (working days)
Linked BankNear about 22 bank available for fund credit and Rs.9 for per transaction.You can linked ICICI Bank account

TRADING ORDER TYPES COMPARISON

Trading Order TypesSharekhan SecuritiesICICI Direct
Cash N Carry (CNC Order)Yes, Available ✔Yes, Available ✔
Margin Intraday Square (MIS Order)Yes, Available ✔Yes, Available ✔
Normal (NRML Order)Yes, Available ✔Yes, Available ✔
Cover OrderYes, Available ✔Yes, Available ✔
Bracket OrderYes, Available ✔No, ✖
Buy Today Sell Tomorrow (BTST)Yes, Available ✔No Information
Sell Today Buy Tomorrow (STBT)Yes, Available ✔No Information
AMO -After Market OrderYes, Available ✔Yes, Available ✔
GTG-Good Till CancelledYes, Available ✔Yes, Available ✔

CUSTOMER CARE SERVICES AND NUMBERS COMPARISON

Customer Care ServicesSharekhan SecuritiesICICI Direct
Customer Care Service 24/7No, ✖No, ✖
Email SupportYes, Available ✔Yes, Available ✔
Live Chat OnlineYes, Available ✔No, ✖
Phone SupportYes, Available ✔Yes, Available ✔
Toll-Free NumberYes, Available ✔Yes, Available ✔
Support by BranchYes, Available ✔Yes, Available ✔
Customer Care Contact Number022 257532001860 123 1122  
Account Opening ProcedurePaperlessPaperless
Customer Support Emailmyaccount@sharekhan.comcustomercare@icicisecurities.com
Complaints Support Emailigc@sharekhan.comcomplianceofficer@icicisecurities.com
Educational BlogYes, Available ✔Financial Services Blog
Head Office AddressICICI Centre, H.T. Parekh Marg, Churchgate, Mumbai – 400020ICICI Centre, H.T. Parekh Marg, Churchgate, Mumbai – 400020

INVESTMENT ADVICE/TIPS/ RESEARCH & REPORTS COMPARISON

Investment Advice -Tips, Research & ReportsSharekhan SecuritiesICICI Direct
Equity ResearchYes, Available ✔Yes, Available ✔
Mutual Fund ResearchYes, Available ✔Yes, Available ✔
ETF ResearchNo, ✖No, ✖
Daily ReportYes, Available ✔Yes, Available ✔
Free Tips- AdvisoryYes, Available ✔Yes, Available ✔
Company Result AnalysisYes, Available ✔Yes, Available ✔
News & AlertsYes, Available ✔Yes, Available ✔

SHAREKHAN VS ICICI DIRECT ADVANTAGES & DISADVANTAGES COMPARISON

Advantages & DisadvantagesSharekhan SecuritiesICICI Direct
Pros / LikesMost know Stock broker in India3-IN-1 Account Avialble
Very good Customer Care SupportExcellent Customer Care Support
Pan india presenceBranches in your city.
Fast & high tech trading platformFast & Secure Trading Platform 
Excellent equity  researchExperince in stock broking
cons / DislikesHigh Brokerage charges High Brokerage Charges
ETF Research not availableMCX and NCDEX commodity trading is unavailable.
3-in-1 account not availableHigher charges of Rs.25 per transaction for Demat.
No Algo TradingRs.25 Extra for call n trade.
Promotion or offer1st Year Free Demat Annual Maintenance Charges (AMC)1st Year Free Demat Annual Maintenance Charges (AMC)

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