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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