ICICI Direct vs Fyers – Point by Point Comparison

ICICI Direct is among the largest broker in the country in terms of client base, while Fyers is a new age broker and is among the youngest entrants in broking industy. Comparing ICICI Direct with Fyers, the difference is in the feature available in their online trading platform. ICICI Direct offer more for investors while Fyers offers tools quite useful for traders.

    ICICI Direct FYERS
Basic Information Type of Broker 3-in-1 Full Service Broker Discount Broker
  Exchanges BSE, NSE NSE
  Fees for Opening Trading Account Rs. 975 NIL
  Annual Maintenance Charges of Trading Account Nil NIL
  Fees for Opening Demat Account Nil NIL
  Annual Maintenance Charges of Demat Account Rs. 450 Rs 400
Brokerage Charges Equity Delivery Charges 0.55% 0.1% or Max Rs 100 (Whichever is lower)
  Equity Intraday Charges 0.28% 0.01% or Max Rs 100 (Whichever is lower)
  Equity Future Charges 0.03% to 0.05% 0.01% or Max Rs 100 (Whichever is lower)
  Equity Options Charges Rs. 65 to Rs, 95 per lot Rs 10 per lot or Max 100 (Whichever is lower)
  Currency Futures Charges 0.030% to 0.050% 0.01% or Max Rs 100 (Whichever is lower)
  Currency Options Charges Rs. 65 to Rs. 95 per lot Rs 10 per lot or Max 100 (Whichever is lower)
  Commodity Charges NA NA
  Minimum Brokerage Charges Rs. 35 per trade NA
Transaction Charges Equity Delivery For BSE: 0.0035% and for NSE: 0.0031% As Applicable
  Equity Intraday For BSE: 0.0035% and for NSE: 0.0031% As Applicable
  Equity Futures 0.00% As Applicable
  Equity Options 0.05% on Premium As Applicable
  Currency Futures 0.00% As Applicable
  Currency Options 0.05% of Premium As Applicable
  Commodity NA As Applicable
Features 3-in-1 Account Y N
  Mobile Trading Y Y
  Acceptance of Orders After Trading Hours Y Y
  SMS Alerts N N
  Online Demo Y Y
  Online Portfolio Y Y
  Trading Platform Trade Racer Fyers One, Fyers Webtrader, Fyers Markets
Investment Services Stock/ Equity Y Y
  Commodity N N
  Currency Y Y
  IPO (Initial Public Offers) Y Y
  Mutual Funds Y Y
  Debt Y N
  Bond/ NCD Y Y
Customer Support 24/7 Customer Support N N
  Email Y Y
  Phone Y Y
  Online Live Chat N N
  Branch Support Y N
Reports Daily  Market Report Y N
  Quarterly Analysis of Results Y N

 

Like this Article? Subscribe to Our Feed!

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Out Best Brokerage Deals