ICICI Direct Stock Trading, Demat, Brokerage and Reviews 2024

Account opening and demat charges

Opening an account with ICICI Direct is Free, making it accessible to new investors. Once the account is set up, users will incur ongoing charges such as an annual maintenance charge (AMC) of Rs.300 per Year and a broker commission of ₹Zero, Securities Transaction Tax (STT), and other regulatory charges.

ICICI Direct straightforward pricing and comprehensive services make it a popular choice among investors. The combination of free account opening and competitive ongoing charges provides a cost-effective investment management solution.

ICICI Direct brokerage charges

Your stockbroker charges a certain brokerage fee for every order you place. The brokerage charges of Angel One are as follows:

• Equity delivery: You need to pay these charges when you buy and hold stocks in your trading account for a longer period. This type of trading generally charges lower brokerage charges as compared to others.
• Equity intraday: When you buy and sell stocks on the same day, you need to pay equity delivery brokerage charges. Intraday trading mainly focuses on short-term price movements.
• Equity futures: You have to pay equity future brokerage charges when you trade futures contracts on stocks. Equity futures are agreements to buy or sell a stock at a predetermined price on a future date. The charges for trading equity futures include brokerage fees and may also include transaction charges based on the contract value.
• Equity options: When you trade options contracts based on stocks, you have to pay brokerage charges determined for equity options. An equity option gives the holder the right, but not the obligation, to buy or sell a stock at a specified price before or at the expiration date. The brokerage charges for options trading often include a flat fee per contract or a fee based on the option’s premium.
• Commodity futures: These are charges for trading futures contracts on commodities such as gold, oil, or agricultural products. Commodity futures contracts are agreements to buy or sell a specific quantity of a commodity at a predetermined price on a future date.
• Currency futures: These are charges for trading futures contracts on currencies. Currency futures involve agreements to exchange one currency for another at a set price on a future date. The charges for currency futures usually include a flat fee per contract and may vary depending on the currency pair and contract size.
• Currency options: Charges for trading options contracts on currencies. A currency option provides the right, but not the obligation, to buy or sell a currency pair at a specified price before or at the expiration date. The charges for currency options typically include a fee per option contract and may be based on the option's premium.

ICICI Direct margin exposure

ICICI Direct provides margin exposure to help traders and investors trade with margin money. With margin money, you can control larger positions with smaller amounts of funds. With this offering, you can amplify your trading potential and take advantage of market opportunities.

ICICI Direct other charge

Apart from brokerage charges, you also need to be aware of other charges charged by a broker. These are:

ICICI Direct trading platforms

ICICI Direct offers multiple trading platforms for traders and investors. With an easy user interface and advanced features, Angel One simplifies the trading process for beginners. Each of the following platforms offers unique and useful features for trading purposes.

ICICI Direct offers

Many stockbrokers provide attractive offers to gain investors' attention. For example, some might offer a free account opening process and others might offer free delivery trading. These offers differentiate brokers, and they often use them as a strategy to attract new clients and retain existing ones. By highlighting such benefits, brokers make their services more appealing compared to competitors. Angel One’s offerings are as follows:

ICICI Direct features

ICICI Direct also offers advanced trading features for both beginner and experienced traders. These features range from basic features such as real-time market data and portfolio tracking to advanced options like investment research, personalized recommendations, and charting tools. Further, Angel One also offers research reports, custom stock recommendations, and stock tips.

Services

The platform offers numerous financial services. Core services include trading in stocks, derivatives, and IPOs. The platform also offers in-depth market research, investment recommendations, and tools to help traders make informed decisions. For those seeking more hands-on management, Angel One provides portfolio management services as well. While it doesn't offer a traditional 3-in-1 account, it covers most other essential financial services.

Products

ICICI Direct offers a complete set of financial products for traders and investors. You can trade in equities, options, and futures according to your preferences. It also offers trading in commodities and currencies. If you are someone interested in global markets, ICICI Direct also allows you to trade in foreign stocks. Plus, you can diversify your portfolio by investing in mutual funds. It will help you safeguard your capital from uncertain market movements. These diverse product offerings allow ICICI Direct to serve different investment strategies and preferences effectively.

Customer support

ICICI Direct offers robust customer support to ensure a smooth and hassle-free experience for its clients. Their dedicated support team is available through multiple channels, including phone, email, and live chat, to assist with any queries or issues.

Customer complaints

ICICI Direct is committed to addressing customer complaints promptly. Through timely responses and resolutions, it aims to give a positive experience for all users. Traders and investors can file complaints through multiple channels, including the website, mobile app, or email. Further, Angel One's structured grievance redressal mechanism ensures that each complaint is tracked, escalated if necessary, and resolved within stipulated timelines.