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

CategoryICICIdirectZerodha
Basic Details
  • Broker Type: Full-service broker (ICICI Group)
  • Founded: 1995 (ICICIdirect platform legacy)
  • Broker Type: Discount broker
  • Founded: 2010
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
Brokerage
  • Brokerage is plan based (Prime plans and MoneySaver).
  • Prime plan examples range by subscription slab.
  • Equity Delivery: Rs 0
  • Equity Intraday: Flat 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.
  • Statutory charges apply across segments: STT, exchange charges, GST, SEBI charges, stamp duty.
  • DP and depository-side transactional charges apply for applicable sell-side delivery flows.
Leverage (Margin)
  • Intraday equity margin can go up to around 5x on eligible stocks.
  • Delivery and carry-forward generally follow full margin norms.
  • Intraday leverage can go up to around 20x in selected contexts.
  • Margin remains subject to segment-wise risk and exchange rules.
Features
  • Integrated 3-in-1 account (bank + trading + Demat).
  • Strong brand trust and branch-assisted model.
  • Market-leading client base and volume share.
  • Transparent flat-fee pricing model.
Trading Platforms
  • ICICIdirect.com website
  • ICICIdirect mobile app
  • Zerodha Kite (web and mobile)
  • Coin (mutual funds)
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.
  • Widely regarded as one of the top discount brokers in India.
  • In this extract, no single combined numeric rating table is displayed.
Investment Options
  • Equity and derivatives
  • IPO, mutual funds, bonds, NCDs
  • Equity
  • F&O
Order Types Offered
  • Standard market/limit execution flows
  • VTC/GTC-style functionality referenced in source context
  • Standard market, limit, and intraday order flows
  • Derivatives execution and strategy-linked tools via ecosystem partners
Suitable For (Investor Type)
  • Investors wanting 3-in-1 integration and branch support.
  • Users preferring broader product coverage over pure discount pricing.
  • Investors seeking transparent low brokerage and direct MF investing.
  • Active traders preferring robust charting/tool ecosystem.
Pros and Cons
  • Pros:
  • Robust integrated banking-broking setup.
  • Pros:
  • Zero delivery brokerage and low flat intraday/F&O fees.

Detailed Comparison

Basic Details

ICICIdirectZerodha
  • 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: 2010
  • SEBI Registration: INZ000031633
  • NSE Member Code: 13906
  • Net Worth: Rs 14374.75 Cr

Charges & AMC

ICICIdirectZerodha
  • 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
  • Demat AMC: Rs 300 per year

Brokerage

ICICIdirectZerodha
  • 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 0
  • Equity Intraday: Flat Rs 20 or 0.03% (whichever is lower)
  • Equity Futures: Flat Rs 20 or 0.03% (whichever is lower)
  • Equity Options: Flat Rs 20 per executed order
  • Mutual Funds (direct): Rs 0

Other Charges

ICICIdirectZerodha
  • 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.
  • Statutory charges apply across segments: STT, exchange charges, GST, SEBI charges, stamp duty.
  • DP and depository-side transactional charges apply for applicable sell-side delivery flows.

Leverage (Margin)

ICICIdirectZerodha
  • Intraday equity margin can go up to around 5x on eligible stocks.
  • Delivery and carry-forward generally follow full margin norms.
  • Intraday leverage can go up to around 20x in selected contexts.
  • Margin remains subject to segment-wise risk and exchange rules.

Features

ICICIdirectZerodha
  • Integrated 3-in-1 account (bank + trading + Demat).
  • Strong brand trust and branch-assisted model.
  • Research and multi-product investing workflows.
  • Market-leading client base and volume share.
  • Transparent flat-fee pricing model.
  • Strong ecosystem: Kite, Coin, Varsity, and partner tools.

Trading Platforms

ICICIdirectZerodha
  • ICICIdirect.com website
  • ICICIdirect mobile app
  • Zerodha Kite (web and mobile)
  • Coin (mutual funds)
  • Ecosystem tools: Streak, Sensibull, Smallcase, and more

Reviews & Ratings

ICICIdirectZerodha
  • Viewed as feature-rich and trusted for integrated banking workflow.
  • In this source extract, no final single overall numeric rating table is shown.
  • Widely regarded as one of the top discount brokers in India.
  • In this extract, no single combined numeric rating table is displayed.

Investment Options

ICICIdirectZerodha
  • Equity and derivatives
  • IPO, mutual funds, bonds, NCDs
  • Commodities
  • Insurance and other wealth products
  • Equity
  • F&O
  • Currency and commodity
  • IPO, bonds, G-Secs
  • Direct mutual funds

Order Types Offered

ICICIdirectZerodha
  • Standard market/limit execution flows
  • VTC/GTC-style functionality referenced in source context
  • Delivery, intraday, and derivatives order flows
  • Standard market, limit, and intraday order flows
  • Derivatives execution and strategy-linked tools via ecosystem partners

Suitable For (Investor Type)

ICICIdirectZerodha
  • 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.
  • Investors seeking transparent low brokerage and direct MF investing.
  • Active traders preferring robust charting/tool ecosystem.
  • Beginners and advanced users due to education plus platform depth.

Pros and Cons

ICICIdirectZerodha
  • 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:
  • Zero delivery brokerage and low flat intraday/F&O fees.
  • Strong product ecosystem and technology maturity.
  • Trusted and transparent pricing structure.
  • Cons:
  • No branch-heavy assisted full-service model.
  • Some advanced workflows rely on external integrated tools.

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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