HDFC SKY vs ICICI Direct – Compare Charges, Trading Features, Offers & more

In the world of discount broking, two prominent names are HDFC SKY and ICICI Direct. For brokerage-conscious investors, discount brokers are the best resort as they offer reliable stock trading services at reduced brokerage.

HDFC SKY and ICICI Direct, both discount brokers, are registered with SEBI and are quite popular among stock traders and investors. If you don't want to splurge on heavy brokerage, you can choose from these two discount brokers. However, many times traders and investors get confused between HDFC SKY and ICICI Direct. So, here is a post that does a thorough comparison of both the discount brokers and helps you choose the best between them.

 
 

Overview – HDFC SKY vs. ICICI Direct

HDFC SKY – Started its journey in 2023, HDFC SKY has come a long way in the discount broking space. It allows traders and investors to invest in stocks, currency, and derivatives (F&O). It is a member of BSE and NSE. The broker was set up by IIFL founders.

ICICI Direct – Started in 1994, ICICI Direct is a registered discount broker based out of Bangalore. It offers stock and commodity trading services at NSE, BSE, and MCX. It also offers Demat services through its CDSL membership.

HDFC SKY and ICICI Direct, both stockbrokers, rely heavily on the latest technology to offer best-in-class trading services to their clients.

HDFC SKY vs ICICI Direct – A Comprehensive Company Overview and Comparison

Company Overview HDFC SKY ICICI Direct
Company Type Private Public
Broker Type Discount Broker Discount Broker
Headquarters Mumbai Mumbai
Founder Dhiraj Relli Vjay Chandok
Establishment Year 2023 1994

Brokerage Charges Comparison of HDFC SKY vs. ICICI Direct

Brokerage is an intrinsic part of any stock broker and it is the first thing traders and investors look at while investing. Below are the brokerage details of HDFC SKY and ICICI Direct the stockbrokers. The following brokerage comparison would help you look at the both brokers side by side.

HDFC SKY vs ICICI Direct - A Detailed Brokerage Comparison

Brokerage HDFC SKY ICICI Direct
Brokerage Plan Standard Neo Plan
Subscription Charges Zero Zero
Equity Delivery Rs.20 per Order or 0.01% (whichever is low) 0.27% of Total Transaction
Equity Intraday Rs.20 per Order or 0.01% (whichever is low) Rs.20 per Trade
Equity Future Rs.20 per Order or 0.01% (whichever is low) Free
Equity Option Rs.20 per Order Rs.20 per Trade
Commodity Future Rs.20 per Order or 0.01% (whichever is low) Rs.20 per Trade
Commodity Option Rs.20 per Order Rs.20 per Trade
Currency Future Rs.20 per Order or 0.01% (whichever is low) Rs.20 per Trade
Currency Option Rs.20 per order Rs.20 per Trade

Equity

Equity refers to the ownership in a business that one can buy through a broker.

Equity delivery: If you hold your share (equity) for more than two days in your Demat account and sell it after that, a percentage of the gain will go to the broker. While HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low) per Trade based on whichever is of the lower value, ICICI Direct charges 0.27% of Total Transaction per Trade equity delivery.

Equity Intraday: HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low) per trade.

Equity Futures: ICICI Direct charges Free, whereas HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low) per trade.

Equity Options: ICICI Direct charges Rs.20 per Trade per trade, whereas HDFC SKY charges Rs.20 per Order per trade each order.

Currency

Currency Future: ICICI Direct charges Rs.20 per Trade per trade for currency futures, whereas HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low) per trade, depending on which is the lower value.

Currency Options: ICICI Direct charges Rs.20 per Trade each trade for currency options, compared to Rs.20 per order per trade for HDFC SKY.

Commodity

Commodity Future: ICICI Direct costs Rs.20 per Trade per trade for commodity futures, whereas HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low) per trade, depending on which is the lower value.

Commodity Options: ICICI Direct charges Rs.20 per Trade each trade, whereas HDFC SKY charges Rs.20 per Order per trade for commodity options.

Trading Platforms Comparison of HDFC SKY vs. ICICI Direct

A trading platform lets traders and investors trade in stocks easily and effectively. Most stockbrokers offer trading platforms for desktop computers and smartphones. Both HDFC SKY and ICICI Direct offer advanced trading platforms for Android and iOS systems. Also, one can access their account on web browsers through a web trading link.

HDFC SKY vs ICICI Direct - A Complete Comparison of Trading Platforms

Trading Platforms HDFC SKY ICICI Direct
Android App HDFC SKY Android App Link ICICI Direct Android App Link
iOS App HDFC SKY iOS App Link ICICI Direct iOS App Link
Web Trading Platform HDFC SKY Web Trading Link ICICI Direct Web Trading Link
Trading Terminal NA Available
Algo Trading Platform NA Available
Foreign Stocks Trading Platform Available NA
Basket Trading Platform Available Available
Mutual Fund Investment Platform Available Available
Digital Gold Investment Platform NA Available
Bonds Investment Platform Available Available

ICICI Direct used an advanced technology named ANT, meaning Analysis & Trade. It comes with three basic features that are needed to invest in stocks and commodities. The backend technology behind ANY is Omnesys NEST. Some of the major features of ANT are customized trading strategies, advanced charts, superior speed, historical data, technical indicators, and enhanced accessibility etc. The application's mobile version, ANT Mobi, enables users to analyze and trade different financial instruments at NSE, BSE, and MCX. The app features easy-to-use tools, real-time market information, market analysis, quick order placement, etc.

On the other hand, HDFC SKY also offers a wide range of trading platforms to its users including desktop application, web portal, and mobile application. The desktop application, Trade Station EXE, has features like quick funds transfer, advanced charting, customized watchlists, order slicing, shortcut keys, etc. It also provides algo trading tool that utilizes advanced technologies to enable automatic trading. HDFC SKY mobile trading app has various features like robo advisory, advanced charting, mutual funds investment, SIP investments, real-time quote streaming, currency trading, etc.

HDFC SKY vs. ICICI Direct – Comparison of Trading Features

Now, let's look at some of the major trading features offered by HDFC SKY and ICICI Direct.

  • Wishlist: If you wish to monitor a company's stock or a digital commodity, you just need to it to your Wishlist for close monitoring.

  • Real-Time Updates: Get timely updates on market trends, stock prices, and other details with this feature.

  • Portfolio Details A portfolio refers to a detailed snapshot of your investments, including stocks, bonds, commodities, and more, all in one place.

  • Online MF Buy: This facility allows you to buy or sell mutual funds (MF) right from the trading platform or mobile application.

  • Research Reports: The above feature offers you a comprehensive overview of different stocks and sectors in the stock market.

  • Global indices: It provides real-time data on all leading global stock market indices such as Sensex and Nifty.

  • Customized Recommendations: Given your investment objectives, trading behavioral patterns, and other factors, this feature let you get personalized investment suggestions.

  • Stock tips: Get valuable tips on which stocks to buy, hold, or sell centered on market trends to generate profit.

  • Interactive charts: The chart enables you to see the variation in price movements of any individual stock or digital commodity, which helps you better analyze when to buy or sell.

  • Live market: Get live updates on market movements and trends.

  • Multi Profile Management: Manage multiple trading profiles from a single account.

  • Robust & Secure Platform: This feature ensures a secure trading environment with next-gen security features that would not put your money, security, or data at risk.

HDFC SKY vs ICICI Direct - A Comprehensive Comparison of Trading Features

Trading Features HDFC SKY ICICI Direct
Wishlist Yes Yes
Real Time Updates Yes Yes
Portfolio Details Yes Yes
Online MF Buy Yes Yes
Research Reports Yes Yes
Global indices Yes Yes
Customised Recommendations Yes Yes
Stock tips Yes Yes
Interactive charts Yes Yes
Live market Yes Yes
Multi Profile Management No No
Robust & Secure Platform Yes Yes

HDFC SKY vs. ICICI Direct – Comparison of offer

A majority of stockbrokers offer several types of discounts and additional offers to both existing and potential clients. Let’s look at them.

Free Account Opening and Maintenance (AMC) - By doing away with the outdated paper method, a Demat (dematerialization account) enables you to retain your shares in digital form. The National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL), where depositors (brokers) place the securities, are governed by the Indian government.

They can now hold securities in electronic form, such as stocks, commodities, bonds, and exchange-traded funds (ETFs), thanks to the establishment of depository types like the CDSL and the NSDL. CDSL depository participants (DPs) include the brokers HDFC SKY and ICICI Direct. When opening an account with the brokers, there are no demat fees.

However, once your demat account is opened, additional fees are assessed, including stamp duty, government fees, broker fees for each trade, and AMC (account maintenance fees), among others. Thankfully, there are no fees associated with the AMC. For the other brokerage fees, see 'Compare the Brokerage of HDFC SKY with ICICI Direct'.

  • Free Brokerage: You can make a few trades using the aforementioned option without paying brokerage fees. This option is available through both HDFC SKY and ICICI Direct brokerages, however it is restricted to particular trades.

  • Flat Brokerage: In contrast to the free brokerage charge, the flat brokerage charge levies a set fee irrespective of the volume of trades. This option is available through both brokerage firms, HDFC SKY and ICICI Direct.

  • Flexible Brokerage Plans: Each broker provides a variety of brokerage plans, each with unique advantages. Depending on your unique trading requirements, you can select one. ICICI Direct offers this option, while HDFC SKY does not.

  • Happy Trading Hours: Happy Trading Hours is where you can trade at reduced or zero trading fees at particular hours during the day. Both brokerage companies, HDFC SKY and ICICI Direct, do not offer this option.

  • Free Delivery Trading: The above option lets you buy and hold your security without paying brokerage charges. While HDFC SKY does provide this option, ICICI Direct does not.

  • Free Intraday Trading: Buying and selling your security during the same business day, generally from 9:15 a.m. to 3:30 p.m., is considered an intraday trade. Both brokerage companies, HDFC SKY and ICICI Direct, do not offer this option.

  • Free F&O Trading: The above option allows you to participate in future and option trades without paying brokerage charges. However, neither the brokerage company HDFC SKY nor ICICI Direct offers this option.

  • Free Research Reports: The above option offers you a detailed analysis of various stocks and sectors in the financial markets at no additional cost. However, neither the brokerage company HDFC SKY nor ICICI Direct provides this option.

  • Free Trading Calls: It offers you trading signals or suggestions at no additional cost. However, neither the brokerage company HDFC SKY nor ICICI Direct provides this option.

  • Referral Offers: Going by its name, referring your friend or family to the platform would benefit you. While HDFC SKY gives Rs.200 per Client, ICICI Direct gives Rs.500 per Client.

HDFC SKY vs ICICI Direct - A Comparison of Latest Offers

Offers HDFC SKY ICICI Direct
Free Account Opening Yes Yes
Free AMC Yes, Limited No
Free Brokerage No Yes
Flat Brokerage Yes Yes, Limited
Flexible Brokerage Plans No Yes
Happy Trading Hours No Yes
Free Delivery Trading No No
Free Intraday Trading No No
Free F&O Trading No Yes
Free Research Reports Yes Yes
Free Trading calls Yes Yes
Referral Offers Rs.200 per Client Rs.500 per Client
Margin Funding / Pledging Yes Yes
Brokerage Cashback No Yes
Zero Brokerage for Loss Making Trades No No

Offered Products Comparison of ICICI Direct vs. HDFC SKY

When it comes to choosing a discount broker, it is necessary to look at different types of products offered by the HDFC SKY and ICICI Direct.

Below is a table that highlights the products offered by the stockbrokers.

HDFC SKY vs ICICI Direct – A Complete Comparison of Products

Products Provided HDFC SKY ICICI Direct
Equity Delivery Yes Yes
Equity Intraday Yes Yes
Equity Option Yes Yes
Equity Future Yes Yes
Commodity Option Yes Yes
Commodity Future Yes Yes
Currency Option Yes Yes
Currency Future Yes Yes
Foreign Stocks Yes No
Mutual Funds Yes Yes
Banking Yes Yes
Insurance Yes Yes
Corporate Bonds Yes Yes
Govt. Bonds Yes Yes
Digital Gold No No
  • Equity Delivery: When the stock is allotted to your Demat account and it resides there for months or years before you choose to sell, it is called a delivery trade.

  • Equity Intraday: If you buy and sell your share (equity) within same business day, typically between 9:15 a.m. and 3:30 p.m. Then, it is called an intraday trade. Both discount brokers offer this product.

  • Equity Option: It refers to buying or selling a particular no. of shares (equity) at a particular date at pre-set price, it is called the strike price.

  • Equity Future: Purchasing or disposing of stock at a predetermined time, price, and quantity.

  • Commodity Option: Commodity options, which include raw materials or primary agricultural goods like gold, silver, or oil, entail the purchase or sale of a predetermined quantity of units on a predetermined date at a predetermined price, known as the strike price, within a predetermined time frame.

  • Commodity Future: Buying or disposing of digital commodities (such as agricultural goods or raw materials like gold, silver, or oil) at a predetermined time, price, and quantity in the future.

  • Currency Option: As the name implies, this option entails purchasing or disposing of currency (foreign exchange) at a given time, price, and quantity in the future.

  • Currency Future: Currency options (foreign exchange) entail the purchase or sale of multiple units on a given date at a predetermined price, known as the strike price, within a given time frame.

  • Foreign Stocks: Trading international equities while seated in India. To trade equities like Apple, Google, and others in India, for example, you could trade stocks from the USA.

  • Mutual Funds: Mutual funds (MF) combine your money with that of a number of other investors who share your interests in order to buy stocks, bonds, and other securities. The mutual fund aims to lower risk and diversify your investments.

Offered Services Comparison of HDFC SKY vs. ICICI Direct

Now, let’s look at some of the major services offered by HDFC SKY and ICICI Direct.

HDFC SKY vs ICICI Direct – An In-Depth Comparison of Services Offered

Services Provided HDFC SKY ICICI Direct
Demat Services Yes Yes
Trading Services Yes Yes
Intraday Services Yes Yes
F&O Services Yes Yes
IPO Services Yes Yes
3 in 1 Account Yes Yes
Stock Research Yes Yes
Stock Recommendations Yes Yes
Trading Institution No Yes, iLearn
Share Pledging Yes Yes
PMS or PCG Yes Yes
NRI Services Yes Yes
  • Demat Services: A Demat account is used to buy, hold and sell securities. Both brokerage companies, HDFC SKY and ICICI Direct, offer Demat services.

  • Trading Services: Both brokerage companies, HDFC SKY and ICICI Direct, provide this service.

  • Intraday Services: Both discount brokers, HDFC SKY and HDFC SKY, offer intraday trading services.

  • F&O Services: This option is available from both HDFC SKY and ICICI Direct brokerages.

  • IPO Services: This option is available from both HDFC SKY and ICICI Direct brokerages.

  • 3-in-1 account: This type of account is inclusive of a banking, demat, and trading account. Both HDFC SKY and HDFC SKY don't have this service.

  • Stock Research: HDFC SKY and ICICI Direct do not provide this service.

  • Stock Recommendations: Both, HDFC SKY and ICICI Direct do not offer this option.

  • Trading Institution: This option is available from both HDFC SKY and ICICI Direct brokerage companies.

  • Share Pledging: You can pledge your previously purchased shares to purchase the new shares if you wish to purchase shares but do not want to make an additional financial commitment. This option is available from both ICICI Direct and HDFC SKY brokerages.

  • PMS or PCG: Portfolio Management Services (PMS) or Private Client Group (PCG) provide tailored investment recommendations according to your requirements.

  • NRI Services: Non-Resident Indians (NRIs) can trade in the Indian market with the assistance of certain brokers. Nevertheless, HDFC SKY and ICICI Direct do not offer this choice.

Stock Advisory Service Comparison of HDFC SKY vs. ICICI Direct

Stock advisory is one of the prominent services offered by different stockbrokers. One major objective behind offering these services to help traders and investors in selecting the most appropriate stocks for trading or investment.

In the world of investing, stock advisory is provided by offering several other elements related to different stocks. These include company reports, research reports, fundamental reports, stock tips, IPO reports, annual reports, technical reports, daily top stock picks, daily market review, monthly review, weekly review. You can refer to the following table to determine what advisory product is provided by HDFC SKY and ICICI Direct.

HDFC SKY and ICICI Direct - A Detailed Comparison of Advisory Services

Advisory HDFC SKY ICICI Direct
Fundamental Reports Yes, Chargeable Yes
Research Reports Yes, Chargeable Yes
Company Reports Yes Yes
Annual Reports Yes Yes
IPO Reports Yes Yes
Technical Reports Yes Yes
Stock Tips Yes, Chargeable Yes
Daily Top Stock Picks Yes, Chargeable Yes
Daily Market Review Yes Yes
Monthly Review Yes Yes
Weekly Review Yes Yes
Relationship Manager Yes, Chargeable Yes
Robo Advisory No No

Exposure Comparison of HDFC SKY vs. HDFC SKY

Exposure can be stated as a proportion of an investment portfolio or in monetary terms. Regular exposure monitoring is crucial.

Let's find out the exposure provided by HDFC SKY and ICICI Direct below.

HDFC SKY and ICICI Direct - A Comprehensive Comparison of Trading Exposure

Exposure HDFC SKY ICICI Direct
Equity Delivery 1x 1x
Equity Intraday Upto 5x (Depends on Stocks) Upto 5x (Depends on Stocks)
Equity F&O Carry Forward 1x 1x
Equity F&O Intraday 1.3x 1.3x
Commodity F&O Carry Forward 1x 1x
Commodity F&O Intraday 1.3x 1.3x
Currency F&O 1x 1x

Comparison of Programs by HDFC SKY vs. ICICI Direct

There are more opportunities to profit from discussing and promoting HDFC SKY & ICICI Direct, just like we did when we compared the Referral scheme in the first sections of this article. For example:

  • Sub-broker Program: You or your business may register as an agent of the broker, in this case HDFC SKY or ICICI Direct, and conduct business (helping clients trade) under their supervision and registration.

  • Partner Program: By becoming a partner, you can earn commissions for generating leads and helping with marketing.

  • Referral Program: As the name implies, you would gain from introducing your loved ones to the website.

HDFC SKY vs ICICI Direct - A Comparative Analysis of Programs

Programs HDFC SKY ICICI Direct
Sub Broker Program Yes, Limited Yes
Partner Program Yes Yes
Referral Program Yes Yes

Customer Support Comparison of HDFC SKY vs. ICICI Direct

Customer service is the foundation of any company. Any customer can become a devoted, long-term client thanks to it.

Below is a table highlighting the customer services offered by HDFC SKY and ICICI Direct.

HDFC SKY and ICICI Direct - A Comprehensive Comparison of Customer Support Services

Customer Support HDFC SKY ICICI Direct
Trading Support Available, Free Available, Free
Dedicated Dealer Available, Free Available, Free
Call Support 022-68494702 1860-123-1122
Email Support investmentadvisers@hdfcsec.com helpdesk@icicidirect.com
Whatsapp Support NA NA
Website Support Website Link Website Link
Facebook Support Facebook Support Link Facebook Support Link
Twitter Support Twitter Support Link Twitter Support Link
Telegram Support NA Telegram Support Link
Branches / Offices NA Available

Ratings – HDFC SKY vs. ICICI Direct

Examine and contrast all of the factors in detail, including the goods and services provided by HDFC SKY & ICICI Direct and other brokers.

Here is how we have evaluated them:

HDFC SKY vs ICICI Direct – Ratings Comparison and Insights

Ratings HDFC SKY ICICI Direct
Overall Rating 9.10 / 10 9.65 / 10
Customer Support 9.16 / 10 9.61 / 10
Technology 9.11 / 10 9.77 / 10
Charges 9.53 / 10 9.69 / 10
Products & Service 9.24 / 10 9.60 / 10
Experience 8.42 / 10 9.58 / 10

Complaints – HDFC SKY vs. ICICI Direct

The Securities and Exchange Board of India (SEBI), BSE, and NSE, in their capacity as regulators, constantly guarantee the security of investors by examining the operations of all brokers. Brokers that commit misconduct or ignore client’s risk having their licenses revoked. This is a summary of every complaint that has been filed and settled.

HDFC SKY & ICICI Direct - A Comparison of Customer Complaints

Complaints HDFC SKY ICICI Direct
Total Complaints Lodged 6 402
Total Complaints Resolved 6 337
% of Resolved Complaints 100% 83.83%
Non Actionable Complaints 0 16
% of Non Actionable Complaints 0% 3.98%

Transaction Charges Comparison of HDFC SKY vs. ICICI Direct

As its name implies, transaction charges are levied by the stockbroker for carrying out each transaction.

The following table highlights the transaction charges levied by HDFC SKY and ICICI Direct.

HDFC SKY vs ICICI Direct – A Detailed Comparison of Transaction Charges

Transaction Charges HDFC SKY ICICI Direct
Equity Delivery 0.00350% (NSE) & 0.00375% (BSE) 0.00325% (NSE) & As per Stock (BSE)
Equity Intraday 0.00350% (NSE) & 0.00375% (BSE) 0.00325% (NSE) & As per Stock (BSE)
Equity Future 0.0019% (NSE & BSE) 0.0019% (NSE & BSE)
Equity Option 0.053% (on premium) 0.053% (on premium)
Commodity Future 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special) 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special)
Commodity Option 0.05% (Non Agri) 0.05% (Non Agri)
Currency Future 0.0009% (NSE) & 0.00022% (BSE) 0.0009% (NSE) & 0.00022% (BSE)
Currency Option 0.035% (NSE) & 0.001% (BSE) 0.035% (NSE) & 0.001% (BSE)

Pledge Charges Comparison of HDFC SKY vs. ICICI Direct

  • Pledge Creation Fees: The broker charges pledge creation charges when a trader borrows money to trade bigger volumes and pledge your stocks as security.

  • Pledge Invocation Fees: If the borrower does not supply further securities within a certain time frame, the broker will charge pledge invocation fees when pledge shared are sold.

  • Interest on Margin Trading: Interest on the loan or the margin amount is owed while trading on margin.

HDFC SKY & ICICI Direct - A Comprehensive Comparison of Pledge Charges

Pledge Charges HDFC SKY ICICI Direct
Pledge Creation Charges Rs.20 per Request 0.02% of Value
Pledge Invocation Charges Rs.20 per Request 0.02% of Value
Interest on Margin Trading 0.075% per day 0.07% per day

Hidden Charges Comparison of HDFC SKY vs. ICICI Direct

Apart from the regular charges, different types of hidden charges may be levied by stockbrokers. They are:

  • SEBI Turnover Charges: All charges levied on the purchase or sale of stocks made through a stock exchange (BSE or NSE).

  • DP Charges: It refers to charges against the maintenance, administration and management of securities in your Demat account.

  • GST:The stockbroker transactions levy a Goods and Services Tax (GST) of 18%.

  • Account Closure Charges: The fees charged for closing any account, such as the checking, savings, or investment accounts.

  • Reactivation Charges: The standard fees and charges schedule highlights the fees for reinstating your services.

  • Dematerialization Charges: This amount is charged for transforming your physical shares and securities into digital or electronic versions.

  • Call & Trade Charges: The amount is charged for making transactions done on the client's behalf over the phone.

HDFC SKY and ICICI Direct – A Detailed Comparison of Hidden Charges

Hidden Charge HDFC SKY ICICI Direct
SEBI Turnover Charges Rs.10/ Crore (All Segment) Rs.10/ Crore (All Segment)
DP Charges Rs.20 per Scrip only on Sell Rs.13.5 per Scrip only on Sell
GST 18% on (Brokerage + SEBI + Transaction charges) 18% on (Brokerage + SEBI + Transaction charges)
Account Closure Charges Free Free
Reactivation Charges Free Free
Dematerialisation Charges Rs.50 per Certificate Rs.50 per Certificate
Call & Trade Charges Rs.20 per Call Free – 1st 20 Calls per Month

Compare Demat Charges of HDFC SKY vs ICICI Direct

When finalizing a broker, the key is to compare their Demat charges. Here is a breakdown of the competitive rate charged by HDFC SKY and ICICI Direct:

HDFC SKY vs ICICI Direct - A Detailed Comparison of Demat Charges

Demat Charges HDFC SKY ICICI Direct
Account Opening Charges Free Free
Annual Maintenance Charges (AMC) Rs.300 per Year (1st Year Free) Rs.300 per Year

HDFC SKY vs ICICI Direct – Compare STT & CTT

Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are transaction fees charged by the government of India irrespective of the broker. Hence, the cost is the same for all brokers in India, and the government sets it.

HDFC SKY vs ICICI Direct – A Comparative Analysis of STT and CTT Charges

STT & CTT HDFC SKY ICICI Direct
Equity Delivery 0.1% on buy & sell 0.1% on buy & sell
Equity Intraday 0.025% on sell 0.025% on sell
Equity Future 0.0125% on sell 0.0125% on sell
Equity Option 0.0625% on sell (on premium) 0.0625% on sell (on premium)
Commodity Future 0.01% on sell (Non-Agri) 0.01% on sell (Non-Agri)
Commodity Option 0.05% on sell 0.05% on sell
Currency Future Nil Nil
Currency Option Nil Nil

Compare Stamp Duty of HDFC SKY and ICICI Direct

Stamp duty is a form of government tax in India. You incur a stamp duty when the broker issues, sells, or transfers security (like stocks, currency derivatives, and commodities). The government collects stamp duty on all securities at the end of the day.

HDFC SKY and ICICI Direct - A Comparison of Stamp Duty Charges

Stamp Duty HDFC SKY ICICI Direct
Equity Delivery 0.015% on buy 0.015% on buy
Equity Intraday 0.003% on buy 0.003% on buy
Equity Future 0.002% on buy 0.002% on buy
Equity Option 0.003% on buy 0.003% on buy
Commodity Future 0.002% on buy 0.002% on buy
Commodity Option 0.003% on buy 0.003% on buy
Currency Future 0.0001% on buy 0.0001% on buy
Currency Option 0.0001% on buy 0.0001% on buy

Frequently Asked Questions


Is HDFC SKY better than ICICI Direct?
Like shoes, the same size does not fit all. Even if we consider brokerage charges, account opening fees, trading platforms, and more, your trading needs are your own, and you are the best person to decide on the best platform for you.

Is ICICI Direct better than HDFC SKY?
Like shoes, the same size does not fit all. Even if we consider brokerage charges, account opening fees, trading platforms, and more, your trading needs are your own, and you are the best person to decide on the best platform for you.

Is HDFC SKY cheaper than ICICI Direct?
As the name suggests, discount brokers already do charge the fees on the lower side. Go to the specific security you want to trade in the list above, and you will know the cheapest between the brokers, HDFC SKY and ICICI Direct

Is ICICI Direct cheaper than HDFC SKY?
As the name suggests, discount brokers already do charge the fees on the lower side. Go to the specific security you want to trade in the list above, and you will know the cheapest between the brokers, HDFC SKY and ICICI Direct.

Which is better, ICICI Direct vs. HDFC SKY?
Compare the brokers HDFC SKY and ICICI Direct based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, and other parameters to find the best broker.

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