ICICI Direct vs SBI Cap Securities – Point by point comparison

ICICI Direct is a unique broking arm of ICICI bank which is 3 in 1 online trading account while SBI Cap Securities is a body part of SBI Bank. Both the broking companies share trading with BSE and NSE and have different and innovative offers for clients. The annual maintenance charges of trading account is NIL for both the companies while fee for opening a Demat account is also NIL for both.

On the other hand, both the companies ask for annual maintenance charges of Demat account which is Rs. 4500 for ICICI Direct and Rs. 350 for SBI Cap Securities. There has to be some charges for “Equity Delivery” which is 0.55% and 0.50% for ICIC and SBI respectively.

“Commodity Charges” for the companies is NIL. While Equity Delivery for BSE is 0.0035% and for NSE is 0.0031% in ICIC Direct and its 0.00384% for BSE and 0.00386% for NSE in SBI Cap Securities. You have some equity options in both the companies which are 0.05% on premium in ICICI Direct and 0.5515% for NSE in SBI Cap Securities. “Currency Futures” is 0.00% for both the companies. The best part for both companies is that commodity is not applicable in both.

  ICICI Direct SBICap Securities
Basic Information Type of Broker 3-in-1 Full Service Broker Full Service Broker
Exchanges BSE, NSE BSE, NSE
Fees for Opening Trading Account Rs. 975 Rs. 850
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Nil Nil
Annual Maintenance Charges of Demat Account Rs. 450 Rs. 350
Brokerage Charges Equity Delivery Charges 0.55% 0.50%
Equity Intraday Charges 0.28% 0.05%
Equity Future Charges 0.03% to 0.05% 0.05%
Equity Options Charges Rs. 65 to Rs, 95 per lot Rs. 100 per lot
Currency Futures Charges 0.030% to 0.050% 0.03%
Currency Options Charges Rs. 65 to Rs. 95 per lot Rs. 30 per lot
Commodity Charges NA NA
Minimum Brokerage Charges Rs. 35 per trade Re. 0.05% for cash & Re. 0.01 for future
Transaction Charges Equity Delivery For BSE: 0.0035% and for NSE: 0.0031% For BSE: 0.00384% & NSE: 0.00386%
Equity Intraday For BSE: 0.0035% and for NSE: 0.0031% For BSE: 0.00384% & NSE: 0.00386%
Equity Futures 0.00% For NSE: 0.002206% (i.e. Rs. 221 per crore)
Equity Options 0.05% on Premium For NSE: 0.05515% (i.e. Rs. 5515 per crore)
Currency Futures 0.00% 0.00%
Currency Options 0.05% of Premium For NSE: 0.05515% (i.e. Rs. 5515 per crore)
Commodity NA NA
Features 3-in-1 Account Y Y
Mobile Trading Y N
Acceptance of Orders After Trading Hours Y N
SMS Alerts N Y
Online Demo Y Y
Online Portfolio Y Y
Trading Platform Trade Racer ODIN
Investment Services Stock/ Equity Y Y
Commodity N N
Currency Y Y
IPO (Initial Public Offers) Y Y
Mutual Funds Y Y
Debt Y Y
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 Y
Reports Daily  Market Report Y Y
Quarterly Analysis of Results Y Y

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