NIFTY24,173.050.84%
SENSEX77,664.001.09%
BANKNIFTY56,305.001.43%
NIFTY IT30,124.301.22%
PHARMA22,986.352.36%
AUTO25,828.102.35%
FMCG51,140.500.11%
METAL12,786.250.82%
REALTY788.651.83%
ENERGY39,996.750.25%
NIFTY24,173.050.84%
SENSEX77,664.001.09%
BANKNIFTY56,305.001.43%
NIFTY IT30,124.301.22%
PHARMA22,986.352.36%
AUTO25,828.102.35%
FMCG51,140.500.11%
METAL12,786.250.82%
REALTY788.651.83%
ENERGY39,996.750.25%

Side-by-Side Compare Table

CategoryICICIdirectFyers
Basic Details
  • Broker Type: Full-service broker (ICICI Group)
  • Founded: 1995 (ICICIdirect platform legacy)
  • Broker Type: Discount broker
  • Founded: 2015
Charges & AMC
  • Account Opening: Rs 0 (as listed)
  • Demat AMC: Rs 700 per annum (individual account)
  • Trading and Demat Account Opening: Rs 0
  • Trading AMC: Rs 0 (lifetime as stated)
Brokerage
  • Brokerage is plan based (Prime plans and MoneySaver).
  • Prime plan examples range by subscription slab.
  • Equity Delivery: Rs 20 or 0.03% (whichever is lower)
  • Equity Intraday: Rs 20 or 0.03% (whichever is lower)
Other Charges
  • Call and trade charges apply (listed as Rs 50 per order in extract).
  • Demat debit and operational charges apply per schedule.
  • Call and Trade: additional charge (referenced as Rs 50/order)
  • Admin square-off charges may apply for auto close positions.
Leverage (Margin)
  • Intraday equity margin can go up to around 5x on eligible stocks.
  • Delivery and carry-forward generally follow full margin norms.
  • Margin products include MTF offerings in promotional messaging.
  • Practical leverage and margin depend on segment, risk, and exchange norms.
Features
  • Integrated 3-in-1 account (bank + trading + Demat).
  • Strong brand trust and branch-assisted model.
  • In-house built trading stack.
  • Insta Options for strategy building and payoff analysis.
Trading Platforms
  • ICICIdirect.com website
  • ICICIdirect mobile app
  • Fyers App (mobile)
  • Fyers Web
Reviews & Ratings
  • Viewed as feature-rich and trusted for integrated banking workflow.
  • In this source extract, no final single overall numeric rating table is shown.
  • Marketed as a low-brokerage technology-first platform.
  • In this source extract, a single numeric overall rating is not prominently presented.
Investment Options
  • Equity and derivatives
  • IPO, mutual funds, bonds, NCDs
  • Equity cash
  • F&O
Order Types Offered
  • Standard market/limit execution flows
  • VTC/GTC-style functionality referenced in source context
  • Standard equity and derivatives order types
  • Intraday and delivery order handling
Suitable For (Investor Type)
  • Investors wanting 3-in-1 integration and branch support.
  • Users preferring broader product coverage over pure discount pricing.
  • Active traders focused on low brokerage and platform tools.
  • Users who prefer in-house charting and options strategy interfaces.
Pros and Cons
  • Pros:
  • Robust integrated banking-broking setup.
  • Pros:
  • Very competitive flat-fee structure.

Detailed Comparison

Basic Details

ICICIdirectFyers
  • Broker Type: Full-service broker (ICICI Group)
  • Founded: 1995 (ICICIdirect platform legacy)
  • SEBI Registration: INZ000183631
  • NSE Member Code: 07730
  • Net Worth: Rs 4581.84 Cr
  • Broker Type: Discount broker
  • Founded: 2015
  • SEBI Registration: INZ000008524
  • NSE Member Code: 90061
  • Net Worth: Rs 175.61 Cr

Charges & AMC

ICICIdirectFyers
  • Account Opening: Rs 0 (as listed)
  • Demat AMC: Rs 700 per annum (individual account)
  • Demat debit charge and call-and-trade charges apply
  • Trading and Demat Account Opening: Rs 0
  • Trading AMC: Rs 0 (lifetime as stated)
  • Demat AMC: Rs 0 (lifetime as stated)

Brokerage

ICICIdirectFyers
  • Brokerage is plan based (Prime plans and MoneySaver).
  • Prime plan examples range by subscription slab.
  • MoneySaver example: Delivery 0.29%, Intraday/Futures 0.029%, Options Rs 49 per lot.
  • Equity Delivery: Rs 20 or 0.03% (whichever is lower)
  • Equity Intraday: Rs 20 or 0.03% (whichever is lower)
  • Futures: Rs 20 or 0.03% (whichever is lower)
  • Options: Flat Rs 20 per executed order

Other Charges

ICICIdirectFyers
  • Call and trade charges apply (listed as Rs 50 per order in extract).
  • Demat debit and operational charges apply per schedule.
  • Standard statutory charges apply separately.
  • Call and Trade: additional charge (referenced as Rs 50/order)
  • Admin square-off charges may apply for auto close positions.
  • Usual statutory charges apply across segments.

Leverage (Margin)

ICICIdirectFyers
  • Intraday equity margin can go up to around 5x on eligible stocks.
  • Delivery and carry-forward generally follow full margin norms.
  • Margin products include MTF offerings in promotional messaging.
  • Practical leverage and margin depend on segment, risk, and exchange norms.

Features

ICICIdirectFyers
  • Integrated 3-in-1 account (bank + trading + Demat).
  • Strong brand trust and branch-assisted model.
  • Research and multi-product investing workflows.
  • In-house built trading stack.
  • Insta Options for strategy building and payoff analysis.
  • Low-cost fixed brokerage proposition.

Trading Platforms

ICICIdirectFyers
  • ICICIdirect.com website
  • ICICIdirect mobile app
  • Fyers App (mobile)
  • Fyers Web
  • Fyers One desktop terminal

Reviews & Ratings

ICICIdirectFyers
  • Viewed as feature-rich and trusted for integrated banking workflow.
  • In this source extract, no final single overall numeric rating table is shown.
  • Marketed as a low-brokerage technology-first platform.
  • In this source extract, a single numeric overall rating is not prominently presented.

Investment Options

ICICIdirectFyers
  • Equity and derivatives
  • IPO, mutual funds, bonds, NCDs
  • Commodities
  • Insurance and other wealth products
  • Equity cash
  • F&O
  • Currency derivatives
  • Mutual funds (direct)

Order Types Offered

ICICIdirectFyers
  • Standard market/limit execution flows
  • VTC/GTC-style functionality referenced in source context
  • Delivery, intraday, and derivatives order flows
  • Standard equity and derivatives order types
  • Intraday and delivery order handling
  • Option strategy workflow through Insta Options tools

Suitable For (Investor Type)

ICICIdirectFyers
  • Investors wanting 3-in-1 integration and branch support.
  • Users preferring broader product coverage over pure discount pricing.
  • ICICI ecosystem customers who value seamless account linkage.
  • Active traders focused on low brokerage and platform tools.
  • Users who prefer in-house charting and options strategy interfaces.

Pros and Cons

ICICIdirectFyers
  • Pros:
  • Robust integrated banking-broking setup.
  • Broad product basket and research availability.
  • Strong brand and support infrastructure.
  • Cons:
  • Brokerage can be high versus discount peers without optimized plan selection.
  • Charges and plan structure can feel complex for new users.
  • Pros:
  • Very competitive flat-fee structure.
  • Lifetime-free account opening and AMC in listed plan context.
  • Strong options/trader-focused tooling.
  • Cons:
  • Assisted channels (call and trade/admin square-off) add extra charges.
  • Product breadth is narrower than some full-service bank-backed brokers.

Final Note

Use this side-by-side comparison as a starting point and verify the latest brokerage and compliance details on official broker pages before taking decisions.

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