and features and Trade Racer Web has been discontinued.ly Open-ICICI-AccountQueries on Accou.com account. Login to ICICIdirect. Click Here to open a Trading Account with Zerodha through us and get FREE Training on Futures and Options Trading Strategies. Trade Racer is. ICICIdirect site or trade racer web login allows the user to check order status and trade positions. The single menu bar offers easy navigation and active.
youtube videoICICI Direct TradeRacer Setup and Shortcut for NSE Nifty Option Trading
Icici direct trade racer web login -ICICI direct Live Trading DEMO Net Banking ICICI direct Live Trading ...
- ICICI direct TRADING Tutorial
- Derivative Trading
- Mutual funds
- Fixed Deposits
- Non-convertible Debentures (NCDs)
- Currency Trading
- ICICI PMS
- Make a visit to any ICICI Bank branch in your city and fill in the application form to open an account. ICICI Bank has the largest network of branches all around India. Most of the branches of ICICI Bank offer ICICIDirect 3-in-1 account opening. This is the fastest way to open an account with ICICIDirect.
- Fill an online registration form on ICICIDirect website. Just choose ‘Apply On Line – Resident Account’, fill the online application form and submit it. Once submitted, an ICICI Bank representative will get back to you within 2 working days to complete the other account opening procedures.
- ICICI Direct Account Opening Charges (Trading Acct): ₹975
- ICICI Direct AMC Charges (Trading Acct): ₹0
- ICICI Direct Account Opening Charges (Demat Acct): ₹0
- ICICI Direct AMC Charges (Demat Acct): ₹450
- Proof of Identity (POI) (Driving license)
- Proof of Address (POA) (Passport)
- Proof of Income (For trading in derivatives such as F&O) (Copy of ITR Acknowledgement)
- Proof of Bank Account (Cancelled cheque)
- PAN Card
- 1 to 3 passport size photographs
- Watch all prevailing scrips under a single screen or interface
- With Live scanner feature, clients can quickly identify stocks that are trending high or low
- With Heatmap feature, stocks high or low can be found straight with color coding without watching the data
- Option to modify color layouts and market charts
- Live and streaming quotes
- Drag and drop widgets enablement
- Up to 5 watchlists
- User alerts and notifications
- Multiple watch lists with live streaming quotes
- Check Current Limit, CMP with Best 5 bid/offer, modify allocation in a single window and more
- Latest quotes, scrips, market updates can be analyzed
- Portfolio tracking and market movement
- Live research calls and market tips
- Offline Branches
- Online assistance through web form/chat
- Click on Secure.Icicidirect.Com/TradeRacerWeb/Index.Html and ICICI Trade Racer Web will open automatically if you install Silverlight.
- Install Silverlight.
- Open ICICI Trade Racer Web by clicking the link above, once it is installed.
- Click on Secure.Icicidirect.Com/TradeRacerWeb/Index.Html and ICICI Trade Racer Web will open automatically if you install Silverlight.
- Install Silverlight.
- Open ICICI Trade Racer Web by clicking the link above, once it is installed.
Offers every type of products available
ICICI Direct is one stop shop for every product available in the world of trading. Equity, Derivatives, Currency, Futures, MF, Fixed Deposits, Loans, Tax Services, Pensions System, and Insurance. You now, don’t need to rush here and there to get service and investment opportunity in a special segment, which you can now get all, with just a single login. ICICI Direct only lacks the facility of commodity trading.
3-In-1 Account facility
Unique and advantageous service, that you can be availed with ICICI Direct is the 3-in-1 account facility, offering customer’s savings, trading and demats account punched together in just a single account.
Offering of ‘Digitally Signed Contract Note’
ICICIdirect.com is the first brokerage house in the country, which inaugurated the system of offering ‘Digitally Signed Contract Note’ to their valued customers via email. Icici direct trade racer web login is no more a unique feature as all the brokers are doing the same.
Availability throughout the country
ICICI Direct is situated at almost every remote areas of the country making it easy for the common people to reach them through any of the 250 branch offices situated across the 66 cities. Local branch presence of ICICI Bank even make this one more big advantage.
Another unique feature of the ICICI Direct is the VTC or Valid Till Cancel feature, which helps customer to set trigger on the order for Buy & Sell for a definite period of 45 days. Thus their potential customers are relieved of the burden of spending time on daily basis. This is also known as GTC - Good till cancel order, which is lacking in major discount brokers like Zerodha, Upstox, SAMCO, and 5paisa.
Convenient Brokerage Plans
Keeping in mind, the convenience of their customers and their suitability, ICICI Direct has designed two separate plans for them to choose from, which are as below:
- FIXED BROKERAGE PLAN(1-SECURE PLAN): This is a plan suitable especially for the casual traders. This plan implements a fixed brokerage charge irrespective of the turnover volume.
- VARIABLE BROKERAGE PLAN(1-SAVER PLAN): This plan is literally devised for the regular traders and whose trade volume is much more. According to this plan brokerage charges fluctuates as inversely with the volume. As the volume increase, the brokerage charges decrease and vice versa.
Though these plans covers only Equity Delivery and Equity Intraday sections, while the others are same in both the plans.
The most widespread customer support
ICICI direct is dedicated to their customers which is evident from the fact that they have different methods to reach their customers directly. They 24/7 support via following methods:
- Customer Care via IVR: Now customers can get instant support as soon as they enter their 10 digit account number into the IVR.
- iCommunity of ICICI Direct: Nothing can be better than solving problems via group and community discussions, and walking on the same path, ICICI direct has created their own community where there is a spontaneous doubt clearing discussion takes place. Apart from it, the community is fluently supplied with polls, expert blogs and the best thing about this, is that the customers get this service free of cost. This icici direct trade racer web login an unique initiative of ICICI Direct.
- Insta-Help: Now customers do not need to run around here and there for getting there query solved. The specially designed software of ICICI direct is here to the rescue. Insta help is software that answers the entire customer query as well as, gives result to their relevant questions also.
- Easy Mail/Help Desk: icici direct trade racer web login another choice to the customers, to get in touch with the Icici direct trade racer web login Direct, is the Easy Mail, where customer just needs to write the query to the ICICI customer attendants, who will surely get back to the client within 24 hours of the customer activity.
- Offline Branches: Apart from all those mentioned above, ICICI Direct, reaches customers directly via their branches, spread all over the country in most of the remote areas even.
The leverages or exposures of ICICI Direct
This full-service stockbroker has low leverage and not well known to provide high exposure than what their competitor offers. There are three plans- Freedom, Pro and Ultimate, each of which has different leverages as given below:
Segment/Plan Freedom Pro Ultimate Equity 10 times 10 times 20 times Equity Futures 4 times 4 times 8 times Equity Options 1 times 1 times 3 times Currency Futures 4 times 4 times 8 times Currency Options 1 times 1 times 4 times
The widest range of innovative platforms and software for trading, are offered by ICICI Direct. Starting from Mobile app named ICICI Direct Mobile, android version of same, mobile trading site, iPad app; android tablet app and even iPhone app for trading with ICICI are available. Thus it is convenient for the customers to freely abide by the custom trading facilities of ICICI at any platform they have.
Trade Racer software and Web
Eventually the most updated and modernised feature of ICICI Direct is the Trade Racer which is an executable file. It can be installed in any machine and via that customers can carry out trading without any hassle. The features of this file is astonishing:
- Trending scripts can be viewed within a single screen or interface.
- Clients can easily and instantly trace the stocks which are making high or low, with the live scanner feature icici direct trade racer web login in it.
- Again for more accuracy and convenience, heat maps are provided that can identify the stocks that are high or low, which are shown by just simple colour coding.
- Innovative market charts and colour layouts that can be customised.
Even for those, who are not willing to take the burden to install any application, ICICI Direct has created a direct Trader Racer Web to trade directly into it. The aforesaid web has:
- Quotes those are live and streaming.
- The facility of Drag and Drop widgets
- Upto 5 watchlists together
- User notifications and alerts.
Nevertheless, these products had already won thousands of demands and earned rapid popularity. Clients who generates brokerages in 750 INR amazon seller central phone number, gets this service for free, otherwise they required to pay 75 INR as subscription fee.
Exclusive facilities in call-n-trade(CnT)In the call-n-trade option by ICICI, there are exclusive options available to the customers to take the advantage of it. It charges Rs. 25 per calling but they offers first 20 calls free, for every month.
eLocker FacilityWhenever you need utmost safety and hassle free storing of your important documents all in a single place, there can be nothing better than the eLocker of ICICI direct. Keeping in mind the users all round safety, ICICI Direct devised this new way, which eradicates and relieve you of the burden of carrying copies of important documents. Customers can now store all their liabilities in one central online locker and access them whenever and wherever required. Key features of this locker includes:
- Complete security.
- Anytime and anywhere accessibility.
- Longevity and Durability.
- No hassle in storage or retrieval.
Wealth Accumulation calculatorQuite obsessed with the trail of your long term investments? Want to know where will your investments stand after definite number of years? ICICI Direct is to the rescue with their advanced tool to create an estimate of your profits of investments. Wealth Accumulation Calculator is the tool that helps you with this. Enter the credential to calculate fast and efficiently.
ICICI Direct’s Classroom programsTo spread the light of knowledge of trading and market ucbi bank login common people, beginners or the experts, the ICICI Direct has their own ‘Centre For Financial Learning’ initiative that helps to spread comprehensive knowledge regarding trade to the retail traders, online as well as provide the Classroom program for the retail investors. Via this programmes, the customers and investors are exposed to wide ranges of insights in trading world, like Shares, MF, derivatives etc. There complete course is divided into 11 Modules divided into 2 chapters.
Investor Conference CallWhen comes to the matter of understanding, everyone would want to get taught by the best. And a serious group discussion with the senior and experienced members can bear fruits in this matter. If this initiative looks impossible to take lace then just hold on! CICI Direct has devised a revolutionary attempt icici direct trade racer web login let common customers connect t the senior financial experts over conference call. This feature has been named as Investor Conference Call.
Least Number of Customer ComplaintsComplaints generally exposes the weak side of a company or another business. So when complaint numbers can be lessened, then only the name and fame of that specific company and their dignity will elevate naturally. In this case the ICICI Direct is one step ahead.
Solution for slow internet for mobile tradingNo wonder why ICICI Direct is the top rated brokerage firm in the country; because ICICI lay emphasize more on the customer satisfaction and their convenience. Following the trail, ICICI Direct has found a low bandwidth website for the customers having mobile trade and slow internet connection. The web is laced with GPRS and data card for accomplishing the purpose.
Demat Account and Bank account maintenance via same portalThere are icici direct trade racer web login online trading companies in India, which helps in transferring money towards broker’s pool. But being more convenient, ICICI Direct provides a single online portal, ICICIdirect.com that helps in managing both of your demat as well as bank account.
Trading opportunity in both BSE and NSEICICI Direct renders opportunity to trade in both BSE and NSE section.
Widely designed research basketsNeedless to mention, ICICI Direct, with its advanced and expert research team will definitely provide the customers with a neat and clean and valuable market research products, and they did exactly the same. ICICI now has, Pre-Market Open View, Intra-Day Technical Recommendation, Weekly Recommendation, and Short-Medium Term recommendation. Having delivered consistent research and financially focussed services, ICICI Direct has already been voted as the ‘Most Preferred brand of Financial Advisory service’ at the CNBC Awaaz Consumer Awards, 2007.
Seamless Fund Transfer with ICICI DirectThere will be no hassles of tracking settlement cycles, relieved of writing cheques and transfer instructions, and thus they ensure completely paperless and seamless transaction. When you opt of 3 in 1 account, transfering fund from and to your ICICI bank account is very easy and just in single click.
ICICI Direct Equity Advisory ServiceAnother reason to go with ICICI direct is the availability of this premium service. The specially designed service is for the privileges of the customer with an assigned equity advisor who will guide them in placing trades. This service can be directly reached via [email protected]
ICICI Direct IPO investmentComing to the IPO investment through ASBA, ICICI Bank is part of Self Certified Syndicate Banks (SCSBs). As ICICI Direct account is a 3 in 1 account so applying in IPO is just one click process. You can login to ICICI Direct site, select IPO and just apply. Rest of all processing will be taken care between ICICI Bank and ICICI Direct automatically. To trade in IPO with ICICI, the customer will also get the benefits of FPO and OFS of shares. Each and every process will be seamless and paper-free. You can apply IPO via ICICI Bank Net banking also under investment section.
ICICI Mutual Fund ServiceInvestment in MF is designated one of the best investment options in the modern share market premises. And with ICICI Direct this benefits are going to get boosted! ICICI Direct lets you initiate the MF icici direct trade racer web login with just a minimal balance of 500 Rs. and maintaining a SIP or lump sum investment thereafter. Enriched with monthly MF reports, ICICI Direct offers features like switching within same funds, access to vast and flexible choices of plans, well researched funds that would impose lesser risk factor and lots more. The only criteria required for inaugurating the MF plans with ICICI Direct online, is to have your KYC done positively.
Corporate BondsCorporate bond is an efficient category that allows the customers to invest in Debt securities ranging from non convertible debentures and corporate bonds, upto Structured Products like Equity Linked Debentures (on Principal to Principal basis). For the convenience of the customers, to be eligible to transact in this bond page, ICICI Direct has rendered offer to the resident individuals, HUF, Corporates and Partnership firms registered with ICICI Securities. The most advantageous issue of while trading with ICICI in this respect is that, you need not to worry about hassle opening separate portal as you can directly do that from the bond page of www.icicidirect.com.
ICICI NRI ServiceICICI Values even their customers residing abroad. That’s the reason why they have carefully upgraded their NRI services, which aims in rendering a full satisfactory service, offering the opportunity to trade in various segments at nominal charges. ICICI Direct offers NRI service for trading in Equity, ETF, Derivatives, MF and IPOs.
As ICICI is offering 3-in-1 account so ICICI Bank offers PIS, NRE and NRO accounts. With NRO account now NRI’s can do invest in market like resident Indians.
Shares As MarginMargin against share is an innovative initiative that lets the long term investors to convert in a fresh asset for trading. Curving out of this, ICICI Direct has devised a unique policy to help the traders utilise shares as margin. ICICI had equipped this service since the January of 2012, express comenity login now it has been running through enormous demands. The facility is assigned such that, it lets the customers bring funds by T+2 and buy stocks using the idle shares lying in the demat account. Thus they can generate limits for trading and investing. This limit has a biphasic application; it can be used in F&O as well as applied to, In Margin trading. Though, until now, this facility is only imposed in trading cash segment, equity delivery and equity derivatives.Inerrst need to be paid on borrowed money @18%PA.
ICICI Direct Margin Trading (Margin Funding)With ICICI you can do margin trading, in such case you can do intraday trading as well as carry f/w position. Carrying f/w position is called Client Square off where you can square off your position in T+5 Trading days for NSE and T+180 Calendar days for BSE scripts. Interest will be charged on borrowed money @18% PA.
ICICI Securities MarginPLUS
MarginPLUS is an intraday cover order product, where you will get extra margin for trading as you are placing cover order (specifying SLTP and a limit price) when you are who was the first first lady of the united states your order, with this clients are limiting their losses or maximum downside involved in particular position, so you will get much better leverage.
ICICI Security have FuturesPLUS and OptionsPLUS product where selected script/ contract are part of this group and one can avail up to 5x to 33x margin depend on script/contract and SL price.
MarginPLUS also offer cover profit order which will allow you to protect your gains at a limit price, executed when your profit price has reached.
Systematic Equity Plan (SEP) by ICICI Direct
SEP or Systematic Equity Plan is equal to SIP in mutual fund. This is really a unique feature which lots of investors are looking for long term.
Lets discuss what is SEP?
In SEP, you decide your stocks/equity which you wish to invest in regular basis, for example, I want to buy 2 shares of TCS, 2 Share of SBI and 2 shares of NTPC every month for 2 years. In such case SEP is the best option which will do Rupee Cost Averaging for your equity investment. This approach is very common in mutual fund, but difficult to find for Equity.
It’s a more disciplined way of investing over a certain period of time, that makes it advantageous over investing in one time investment or lum-sum investment.
But it should be kept in mind, that SEP request and SEP orders are completely different terms as because the former is the authorisation that you get for placing orders, by I-Sec, whereas, the later is the actual order that you place as per instruction you feed into the online portal of www.icicidirect.com.
By virtue of this facility, anyone can buy orders for a pre-specified amount or quantity in scripts of their own choice, and of course at regular intervals that is selected by the customer only. After specifying the details like scrip, amount/quantity to be invested, and getting vided by I-sec, they will place the SEP buy orders at market price, to help customers to bring down the average cost of acquisition of shares.
This is one of the unique services that ICICI direct is offereing to their clients which is related to a systematic plan in investing on equity. According to SEP or Systematic Equity Plan, icici direct trade racer web login is more or less equal to the SIP or systematic investments plan, you can opt for buying shares in different regiments over a pre-fixed time period, on a periodic gap. This feature is common in MF but hard to find for equity and thus this policy generally got tremendous response. Recurring investment in such a disciplined way makes it advantageous over lum-sum investments.
ADVANCED FAQ SECTIONS
For the knowledge of potential customers as well as beginners, and to solve any of their doubt in the most convenient and easy manner, ICICI had laid their emphasis on the customer attending services, making their questionnaires solved in an advanced way. Some of their unique facilities comprise of the iCommunity, Instahelp, Investor Conference Call & Online and offline classroom programs. The iCommunity of ICICI Direct is generally a pool where numerous polls, questions and doubts are attended by the aid of group discussion of the customers itself. The InstaHelp is a self help tool that clarifies any doubts whenever question is fed to it. Likewise, the Conference call for investor is an extremely helpful means of getting connected to the experts in an original call-ending. These facts surely contribute to the positivity of ICICI Direct.
SECURE PLANS FOR INVESTORS
Irrespective of the turnover volume, ICICI Direct has imposed two separate and distinct plans for two different groups of investors- SECURE PLAN for the casual traders and SAVER PLAN For the regular traders. Both of them have variability in just Equity Delivery and Equity Intraday sections while others are the same. Depending o the term of each plan, investors can choose what is right for them.
WIDE TRADING PLATFORM RANGE
Keeping in mind the all over technological boundaries and accessible areas, ICICI Direct has successfully created trading platform in every boundaries, be it Desktop, Mobile, Web anything. Back to back platforms, morphed with latest equipments and technologies are gifted to customers among which Trader racer web and exe. Desktop, online portal and mobile app, each and everyone has got individually the best interface and easily understandable features.
FACILITY OF eLOCKER
Probably the best initiative taken by the ICICI. It’s really irritating to carry the hardcopies of your documents and other liabilities with you every time when it is required for opening some account or completing other formalities. Eradicating this issue, eLocker facility is enforced that served convenience to the users to keep their softcopies stored under utmost safety and can be accessible anywhere and anytime.
With the flow of time, ICICI is upgrading their service to retain their position in the topmost icici direct trade racer web login in the rank for broker houses. That’s what led them design facilities like Margin against shares, 3-in1 account, myGTC service, VTC service or Valid Till Cancellation service, and lots more uniqueness. These attractive features are bound to mesmerize customers deciding broker-house to enter trading world.
- Mutual Funds
- Life Insurance
- General Insurance
- Fixed Deposits/Bonds
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ICICI Direct Review
ICICI Direct is counted among the best rated full-service stock broker in India. ICICI Direct is basically a retail investment and trading extension of ICICI Securities, which is a part of the world-renowned financial service group – ICICI.
ICICI Securities is the largest retail stock broking firm in India and offers a vast range of investment products & services to retail and corporate clients. Lets check out this ICICI Direct Review to know about ICICI Direct Trading & Demat Account, Platforms, IPO, Mutual Fund, 3 in 1 NRI account, Brokerage Charges & Plans.
ICICI Securities provides ‘online trading Platform and investment’ services to more than 20 lakhs customers through ICICI Direct (ICICIDirect.com).
Established in the year 1994, the broker enjoys a remarkable presence across 87 locations within India and over 200 offices in various forms and capacities for its clients.
ICICI Direct’s unique 3-in-1 account allows seamless trading experience to investors and traders who can trader in shares without facing the annoyance of tracking settlement cycles, preparing cheques and transfer instructions. Trading becomes absolutely hassle free!
The biggest advantage of having a 3-in-1 account is that traders get a seem-less trading experience since their bank account is directly integrated to your trading account which helps in rapid funds transfer.
ICICI Direct offers a range of trading and investment products including:
The membership details of ICICI Direct are given below.
|BSE Capital Markets||INB011286854|
|NSE Capital Markets||INB230773037|
|NSE Currency Derivatives||INE230773037|
|Registered Address||ICICI Center, H.T.Parekh Marg, Churchgate, Mumbai-400020|
Process to Open an account at ICICI Direct
To perform investment and trading in Indian stock market, you need to open an ICICI Direct 3-in-1 account with them. If you already have a demat or bank account with ICICI Bank, the same se can be integrated to make it a 3-in-1 account. Please understand that with ICICI it is mandatory to open all 3 accounts with them. You cannot link other bank account or other demat account with ICICI trading account.
After you open trading account with ICICIDirect, you can choose to invest in Equity, IPO, Mutual Funds, Derivative Products (Equity F&O and Currency F&O), Systematic Investment Plans (SIP), Fixed Deposits, NCDs etc.
Note: A minimum average montly balance of INR 5000 needs to be maintained in ICICI Bank Saving Account linked with 3-in-1 account.
To open account with ICICIDirect, following steps need to be followed.
ICICI Direct Account Opening Status
After you submit the account opening form in the ICICI Bank branch or filled the application through web, you could easily check the status of account opening online by visiting the ‘See Your Application Status Online’ on the Customer Service page of icicidirect.com. You would need ‘Application/Form Number’ and ‘Date of Birth’ to check the application status online.
Please note that it takes at least 2 days to update the ICICI Bank account opening status.
If you have registered online and no executive visited your home, you can make a visit to the local ICICI Bank branch or call customer services helpline to expedite the ICICIDirect account opening process.
ICICI Direct Account Opening Form
ICICI Direct Account Opening Forms are easily available in ICICI Bank branches. You could also call ICICI Bank sales helpline to arrange an executive visit to your home and get the forms right there.
Account Opening Charges
ICICI Direct Account Opening Charges
Here is a list of documents that are required to open an account with ICICI Direct:
ICICI Direct Brokerage Plans
The full-service has diverse plans for its clients that carry different brokerage structure. They include
Recently ICICI announced a new plan – ‘ICICIdirect Neo’ – a zero brokerage plan. ICICI Direct Neo is its kind plan based on traders that offers limitless trading with zero brokerage on all Futures trades, Flat Rs. 20 per order for Margin and Options trades.
ICICIdirect Neo customers will get host of additional distinctive features like Instant liquidity and customers get cash within 30 minutes of selling stocks according to their picked plan.
This plan is based on the concept of the total turnover you develop within a span of 3 months. There are multiple slabs varying between ₹25 Lakhs and going as high as ₹5 Crore. Higher the turnover, lower the brokerage you pay to the broker (across segments).
There is no promise of turnover under this plan and you are supposed to pay a fixed brokerage rate in all your trades. It is suggested to have a detailed discussion before you open your account and negotiate on the brokerage since it will be applicable in all your future trades.
Under this brokerage plan, an investor is supposed to make an upfront payment to the broker. Higher the payment, lower is the brokerage applicable on your trades. The commission emerging from your trades will be auto-deducted from this upfront amount. You need recharge again once the initial deposit gets exhausted.
All these plans have some level of pre-conditions to each and based on your preference(s), you can make a choice.
ICICI Direct Trading Platforms
Considered among the top-rated full-service brokers in India, ICICI Direct enables its investors to make the optimum use of technology to experience unprecedented ease in stock trading. Let’s take a look at the major trading platforms offered by ICICI Direct.
ICICI Direct Trade Racer
Trade Racer is a terminal-based trading software that is available as an executable file and needs to be downloaded and installed on a computer. It is designed to offer full-fledged stock trading experience to users.
Some of the main features the trading application has are:
Clients who have the ability to generate monthly brokerage of more than ₹750 can get free access to this trading platform while those who cannot are supposed to pay ₹75 per month as subscription cost of this software.
It clearly reflects that the stock broker promotes traders who trade regularly and consistently. However, small investors or beginners may get penalized for low brokerage in the form of this un-necessary subscription cost.
Eventually, do ensure that the computer or laptop you use for using this trading software on, must have a good configuration in regard to RAM, processor, memory and so on. Otherwise, you may face mediocre-level trading experience.
ICICI Direct Trade Racer Web
It is basically the web browser-based version of Trade Racer. There is no need to download and install the software as this trading platform can be access on almost any browser. Its main features include:
ICICI Direct Mobile App
As its name sound, the trading applicable is meant to help users perform stock trading on the go. The app has lots of features including:
However, there are few concerns related to the app like lower updated frequency, average user experience and others. It means that the broker doesn’t have excessive focus on the mobile trading segment.
ICICI Direct Customer Care
The bank-based full-service stockbroker in India offers customer services to its clients through following communication channels:
As the broker is associated with ICICI bank, traders and investors carry high level of expectations. Furthermore, the high brokerage charges support this as no investor would love to pay more for average trading services. As far as ICICI Direct’s customer service is concerned, the quality is average, particularly in terms of communication personalization.
The biggest problem with ICICI Direct is that seems to give higher attention to high net worth individuals or heavy traders. Therefore, users that are small to medium in regard to turnover or the investors who are beginners willing to make a foray into stock trading space, get lesser attention. Make sure you do understand that aspect before opening an account.
ICICI Direct Pricing
ICICI Direct features charges that are percentage-based and there are difference plans once can subscribe to. For example, if you invested ₹1,00,000 at Equity Delivery level, that carries 0.55% brokerage charge, you are expected to pay ₹550 as brokerage charges excluding taxes and any transaction charges.
The portion is quite high an amount of brokerage when we compare it to some other competitive full-service brokers and definitely with discount stock brokers.
ICICI Direct Account Opening Charges
|Trading Account Opening Charges (One Time)||₹975|
|Trading Annual Maintenance Charges AMC (Yearly Fee)||₹0|
|Demat Account Opening Charges (One Time)||₹0|
|Demat Account Annual Maintenance Charges AMC (Yearly Fee)||₹450|
ICICI Direct Brokerage Charges
ICICI Direct Brokerage Plan – 3-in-1 Account (I-Secure Plan)
|Flat Monthly Fee|
|Equity Futures||0.05% to 0.03%|
|Equity Options||₹95 to ₹35 per lot|
|Currency Futures||0.050% to 0.030%|
|Currency Options||₹25 to ₹10 per lot|
ICICI Demat Account Charges
|ICICI Direct Depository Service Charges for Resident Retail Customers|
|1||Account Opening Charges||Nil|
|2||Annual Service Charges (AMC)||Rs 600 (Rs 500 for customers receiving email statements)|
|3||Buy – Market and Off-Market||Nil|
|4||Sell – Market and Off-Market||(Maximum Rs 500 for debt instruments / Nil for Trades done on www.icicidirect.com)|
|* Instruction submitted through Internet (E-inst / IVR)||0.04% (Minimum Rs 25 and Maximum Rs 25,000)|
|* Instruction submitted through Call Centre||0.04% (Minimum Rs 30 and Maximum Rs 25,000)|
|* Instruction submitted at Branches||0.04% (Minimum Rs 35 and Maximum Rs 25,000)|
|6||Extra charges for processing of TIFDs submitted late (% of transaction value)|
|* Instruction submitted through Internet (Einst/IVR)||Nil|
|* Instruction submitted through Call Centre||Nil|
|* Instruction submitted at branches (accepted at Client’s risk)||Rs 10 per ISIN|
(Nil for e-instructions)
|* For each request form||Rs 50|
|* Extra for each certificate||Rs 3|
|8||Rematerialization||A fee of Rs 25 for every hundred securities or part thereof, subject to maximum fee of Rs 3,00,000 or a flat fee of Rs 25 per certificate, whichever is higher.|
|9||Reconversion of MF units||Rs 25 per instruction|
|10||Closure of Account||Nil|
|11||Pledge Creation/Closure/Confirmation/ Invocation|
|* If, ICICI Bank is counter party||0.02% (Minimum Rs 25 and Maximum Rs 25,000)|
|* If, ICICI Bank is not counter party||0.04% (Minimum Rs 35 and Maximum Rs 25,000)|
|12||Additional Account Statements||Rs 20|
ICICI Direct Transaction Charges
|Equity Delivery||NSE: 0.0031% BSE SEBI Registration Number Capital Market :- …|