Award-winning ICICI Direct Review 2017-18
The iconic manufacturer ICICI Direct,award winning online retail trading and investment system in ICICI Securities, is one with which almost every investor is familiar. The full-service broker was founded in year 2000, and as of today, ICICI Direct is home to a staggering 3 million in total clients.From advisory services to investigate, active trading, customer service, ease of usage, and much more, ICICI Direct knows what it intends to provide a high-quality offering.With ICICI Direct you’ve got facitity to invest in Equity, Derivatives, Currency Futures, Mutual Funds along with other services like Fixed Deposits,Loans,Tax Services, New Pension Systems and Insurance.
TO facilitate the transaction ICICI Direct has unique 3-in-1 accounts which integrates customer’s saving, trading and demat accounts. Comprehensive study information, stock picks and mutual fund recommendations are additional useful add on services provided by ICICI Direct to its clients. ICICI Securities has 250 offices around 66 cities in India to facilitate potential customers to start accounts,talk and comprehend their financial strategies and goals.Through ICICIdirect.com, it is possible to trade on NSE in addition to BSE.
Its ‘Centre for Financial Learning’ initiative offers variety of online and classroom applications for retail investors. ICICIdirect Knowledge Programs provide you with an insight into a wide array of financial products like derivatives,stocks,mutual funds,IPOs,little savings and insurance.
You can do money trading,avail margin merchandise,margin and product and telephone & commerce facility and can put market and limit order while using ICICI direct.
The complete Service Broker,ICICI’s broker program is bit complex in nature.The agent offers two tier commission construction: flat rate percent and variable percentage depending upon quantity.
Seeing commission prices,ICICI Direct flat rate strategy of .55 percent to equity delivery is high but nearly in line when compared to its nearest full service agents with sharekhan offering .50 percent, Indiabulls securities at .30 percent, SBI Securities in .50%.
Intraday exchange runs at .275 percent for apartment rate and vary from .375 percent for under Rs 10 lakh to .125 percent for above Rs 5 crore for variable strategy. It is highest in the Industry at which Sharekhan ,Reliance , HDFC Securities prices .10 percent, .05 percent, .10 percent for Intraday commerce respectively.
For Equity Prospective, ICICIDirect is charging .05 to .03 percent which comes in average array from its competitors in which Sharekhan(.1 percent – Higher),HDFC Securities(.05 percent – Typical),Reliance Securities(.04% reduced),Geojit(0.03% reduced).
Money Future – ICICIDirect is offering third cheapest among full service agents with Rs 25 Per contract which is reduced side, where sharekhan is charging Rs30 which is slightly higher and Geojit is offering involving 10 to 15 Rs as cheapest.
Money Option – ICICIDirect is offering .05 to .03 percent as typical variety, where sharekhan is charging .10 percent which is higher array and HDFC Securities is offering Rs 23/Per great deal on cheapest side.
Let us look at the strategies in detail.
ICICIDirect Strategy: This is the strategy with variable brokerages in accordance with your trading quantity. The broker will be high if trading volume is reduced and broker will be less if trading volume is high.So this strategy works nicely if your trading volume is high.
ICICIDirect Equity Delivery- .75 percent to .25 percent [depending on quantity]
Less afterward Rs 10 Lakhs – 0.75 percent
Between Rs 10 lakhs to 25 Lakhs – 0.70 percent
Between Rs 25 lakhs to 50 Lakhs – 0.55 percent
Between Rs 50 lakhs to 1 Crore – 0.45 percent
Between Rs 1 Crore to two Crores – 0.35 percent
Between Rs 1 Crores to 5 Crores – 0.30 percent
Above Rs 5 Crores – 0.25 percent
ICICIDirect Equity Intraday – .375 percent to .125 percent [Turnover on trading Per Calendar Quater]
Less afterward Rs 10 Lakhs – 0.375 percent
Between Rs 10 lakhs to 25 Lakhs – 0.350 percent
Between Rs 25 lakhs to 50 Lakhs – 0.275 percent
Between Rs 50 lakhs to 1 Crore – 0.225 percent
Between Rs 1 Crore to two Crores – 0.175 percent
Between Rs 1 Crores to 5 Crores – 0.150 percent
Above Rs 5 Crores – 0.125 percent
ICICIDirect Equity Future, Equity,ICICIDirect Options, ICICIDirect Currency Future & Currency Options rates will be equivalent in I-Secure and I-Saver program, please consult below:
Equity Future & Currency Future – 0.05 percent to .03 percent [Turnover Per Month]
Less afterward Rs 5 Crores – 0.05 percent
Between Rs 5 Crores to 10 Lakhs – 0.040 percent
Between Rs 10 Crores to 20 Lakhs – 0.035 percent
Above Rs 20 Crores – 0.03 percent
Equity Future next leg of Intraday square off Rs 15.
Minimum broker charged by ICICIDIrect The minimum brokerage prices are Rs 35 or 2.5 percent whichever is lower for stocks appreciated over Rs 10. For stocks appreciated upto Rs 10, the minimum broker could be 5 paisa per share.