Icici Direct vs Hdfc Securities

   01 Apr 2022, Friday      223       Finance
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Icici Direct vs Hdfc Securities

About ICICI Direct

ICICI Direct stands as one of India's largest retail stock brokers, and it is a leading subsidiary of the ICICI group. The platform offers online trading and investment services to over 50 lakhs customers. Their services include segments like equity, commodity, and currency trading at BSE, NSE, and MCX.

Moreover, it also offers the Mutual Fund & IPO, Fixed deposits, Bond, NCD, wealth products, Home Loans, Loans against Securities, etc. icici direct offers one of the most renowned services of ICICI 3 in 1 account, including the Saving + Demat + Trading Accounts. 


About HDFC Securities

HDFC securities (HDFCsec) is a leading equity trading company and a subsidiary of the HDFC bank. It offers both online trading and trading on the phone as a platform. Their services include:

  • The segments like Cash-n-Carry on both NSE and BSE.
  • Day trading on both NSE and BSE.
  • Trade on Futures & Options on the NSE and Online IPO Investment.

Moreover, it also offers a unique 3 in 1 account for investors and traders. This account comprises the HDFC Securities trading account with your existing HDFC bank savings account and existing Demat account. Through the 3 in 1 account, the Funds/shares seamlessly move from the linked Demat/Bank account to execute the transactions.

 

ICICI Direct Vs HDFC Securities

Talking about the basic information ICICI direct Vs HDFC Securities, ICICI Direct was incorporated in the year 2000 as a full-service broker. They offer to trade across BSE, NSE and have 154 branches across India. On the other hand, HDFC securities was incorporated in 2002 as a Full-Service Broker. They offer trading across the BSE, NSE and have 270 branches across India.

 

 

ICICI Direct

HDFC Securities

Type of Broker

Full Service Broker

Full Service Broker

Exchange Membership

BSE, NSE

BSE, NSE

Year of Incorporation

2000

2002

Number of Branches

154

270

 

Securities Charges & AMC – ICICI Direct vs HDFC 

This segment covers the security charges for both icici direct vs HDFC securities. The opening account charges for the is Zero of both the service providers. 

 

 

ICICI Direct

HDFC Securities

Trading Account Opening Charges

Rs 0 (Free)

Rs 999

Trading Account AMC Charges

Rs 0 (Free)

Rs 0

Demat Account Opening Charges

Rs 0 (Free)

Rs 0

Demat Account AMC Charges

Rs 300 (from 2nd year)

Rs 750

 

Brokerage Charges - ICICI Direct Vs HDFC 

The HDFC vs ICICI direct brokerage charges are discussed below for the Neo plan and the HDFC securities. The charges for the equity in ICICI direct is 0.55%, and intraday is Rs 20 per order; on the other hand, the HDFC Securities brokerage charges for equity is 0.50%, and intraday is 0.05%.

 

Account Type

ICICI Direct ICICI Neo Plan

HDFC Securities Online Trading

Fixed Charges

NA

NA

Equity Delivery

0.55%

0.50%

Equity Intraday

Rs 20 per order

0.05%

Equity Futures

Rs 0 (Free)

0.05%

Equity Options

Rs 20 per order

whichever is higher Rs 100 per lot or 1% of the premium

Currency Futures

Rs 20 per order

Rs 23 per contract

Currency Options

Rs 20 per order

Rs 20 per contract

Commodity Futures

Rs 20 per order

0.02% for Intraday / 0.025% for positional

Commodity Options

Rs 20 per order

0.02% for Intraday / 0.025% for positional

 

Brokerage Plan 2- ICICI Direct vs HDFC Securities

 

ICICI Direct

HDFC Securities

Account Type

I-Secure Plan

Online Trading

Fixed Charges

NA

NA

Equity Delivery

0.55%

0.50%

Equity Intraday

0.275%

0.05%

Equity Futures

0.05%

0.05%

Equity Options

Rs 95 per lot

Rs 100 per lot or 1% of the premium (whichever is higher)

Currency Futures

Rs 20 per order

Rs 23 per contract

Currency Options

Rs 20 per order

Rs 20 per contract

Commodity Futures

Rs 20 per order

0.02% for Intraday / 0.025% for positional

Commodity Options

Rs 20 per order

0.02% for Intraday / 0.025% for positional

 

ICICI Direct Charges Vs HDFC Securities

Here are the charges of the ICICI Direct Vs HDFC securities minimum brokerage, other charges and the call and trade charges.

 

Minimum Brokerage

Rs 35 per trade (I-Secure Plan)

Rs 25 plus taxes

Other Charges

0.025% Per day Margin Trading Interest

 

Call & Trade Charges

Rs 50 per trade

Rs 0

 

ICICI direct vs HDFC Securities Transaction Charges

The ICICI transaction charge for the options is Rs 5000 per Cr (0.05%) (on premium); on the other hand, the HDFC securities charges for options is 0.050% (on premium).

 

 

ICICI Direct

HDFC Securities

Equity Delivery

NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)

0.00325%

Equity Intraday

NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)

0.00325%

Equity Futures

Rs 180 per Cr (0.0018%)

.00190%

Equity Options

Rs 5000 per Cr (0.05%) (on premium)

0.050% (on premium)

Currency Futures

Rs 120 per Cr (0.0012%)

0.00110%

Currency Options

Rs 5000 per Cr (0.05%) (on premium)

0.040% (on premium)

Commodity

Group A - Rs 260 per Cr (0.0026%)

NA

 

ICICI Direct Vs HDFC Securities Investment Options

Here are the segments you can invest in through ICICI Direct vs HDFC Securities

 

 

ICICI Direct

HDFC Securities

Stock / Equity



Commodity



Currency



IPO



Mutual Funds



Bond / NCD



Debt



Other Investment Options

ETF, Insurance, Equity, Derivatives, D/Bonds, Loans, Tax, ELocker, NPS, Currency, Mutual Funds, F

Insurance, FD, NCD, Bond, NPS, Loan, NRI Trading

 

Pros and Cons- ICICI Direct Vs HDFC Securities

Here are the pros and cons of both the full service brokers HDFC securities vs icici direct:

 

 

ICICI Direct

HDFC Securities

Pros

?       It offers the Offers 3-in-1 account that makes the stock market investment very easy/seamless for casual investors.

?       There are a wide range of investment options that is available under one portal.

?       They provide a low bandwidth website that works great even if the internet connection is slow.

?       The platform offers GTC (good till cancellation) and off market hours order placement.

?       The 3 in 1 account is offered, it includes HDFC Bank Account, HDFC Securities Trading Account and HDFC Securities Demat Account.

Cons

?       The brokerage charges are higher than most of the retail brokers in India.

?       The minimum brokerage is high which is Rs 35 per trade or 2.5% of the trade value whichever is lower.

?       Sometimes the site performance is low, especially during the peak trading hours.

?       The trading terminal (Trade Racer) has a cost of Rs 75 per month if brokerage paid in a month is less than Rs 750.

?       Call & trade cost is additional which is Rs 50 per trade in Neo/Prime Plans.

?       With the trading account opening in HDFC securities In addition to opening a savings bank account (quarterly minimum balance of Rs 5000) and a DP (depository participant) account with HDFC Bank is mandatory

?       The brokerage charges are high the minimum brokerage is Rs 25

 

Conclusion 

In conclusion, this article has covered the difference between HDFC securities vs icici direct. Both are subsidiaries of the leading banks and are full-service brokers. The major drawback of both brokers is that they charge higher brokerage fees from the clients. 

If you are looking to open a demat account and are confused about which broker to choose, you can visit KundkundTC and open the Demat account with the desired broker i.e ICICI Direct or HDFC Securities 


 


Vikas Sharma

Vikas sharma works as SEO Executive at kundkundtc that is the best sub broker in India. We provide Financial Services like Demat Account Process, Share Market Advisory, Wealth Management. We partnered with top brokers like Zerodha, Usptox, 5Paisa, Angel Broking, Motilal Oswal and ICICI Direct.


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