ICICI Direct vs JM Financial – Compare Brokerage Charges, Demat Account & more

Here is a detailed comparison of ICICI Direct vs JM Financial. ICICI Direct is the largest banking broker which provides diverse products & services to its clients along with very strong support while JM Financial is a full service broker who provides numerous types of services to its clients. This comparison between ICICI Direct & JM Financial is a neck to neck affair.

Also, below we have provided you the links for Brokerage Calculator and Margin Money Calculator for all the stock broking companies. This will help give you proper understanding on the Charges and Leverage or Exposure given by these brokers.

ICICI Direct vs JM Financial

In this comparison, we are going to touch upon more than 100 metrics. Here are the list top view metrics we are using for comparison:

  • Overview
  • Customer Ratings
  • Demat Account
  • Research & Advisory
  • Brokerage Charges & Fees
  • Other Charges
  • Services
  • Products
  • Exposure/Leverage
  • Trading Platform
  • Offers
  • Customer Support
  • Complaints

Compare Stock Brokers


This ICICI Direct &  JM Financial comparison will give a very detailed overview of which stock broker is suitable for you.

Now let’s Compare  JM FinancialICICI Direct

Overview of ICICI Direct & JM Financial

OverviewICICI DirectJM Financial
Company TypePublicPublic
Broker TypeFull Service BrokerFull Service Broker
HeadquartersMumbai, IndiaMumbai, Maharashtra
FounderVjay ChandokNimesh Kampani
Established Year19941973

ICICI Direct vs JM Financial Customer Ratings Comparison

Customer RatingsICICI DirectJM Financial
Experience8.8 / 106.2/10
Products & Services8.4 / 106.4/10
Brokerage Charges & Fees8.5 / 106.2/10
Stock Research & Advisory7.9 / 106.6/10
Trading Platforms8.6 / 105.8/10
Overall Ratings8.44 / 106.4/10
Star Ratings★★★★☆★★★☆☆
Total Client Reviews4026329

ICICI Direct vs JM Financial Demat Account Comparison

Demat ServicesICICI DirectJM Financial
Depository SourceNSDL & CDSLCDSL
Account Opening ChargesZeroRs. 1180
Demat AMC ChargesRs 300 (from 2nd year)Rs. 650
Trading AMC ChargesRs 0 (Free)Free
Margin Money75% Margin75% Margin
Offline to OnlineSR

JM Financial vs ICICI Direct Brokerage Charges Comparison

Brokerage Charge & FeesICICI DirectJM Financial
Equity Delivery Trading0.55%0.15%
Equity Intraday TradingRs 20 per order0.02%
Commodity Options TradingRs 20 per orderRs 25 per lot
Equity Futures TradingRs 0 (Free)0.02%
Equity Options TradingRs 20 per orderRs 25 per lot
Currency Futures TradingRs 20 per order0.02%
Currency Options TradingRs 20 per orderRs 25 per lot
Minimum BrokerageRs.20 per TradePercentage of Transaction
Demat AMC ChargesRs.300 per Annum from 2nd yearRs.650
Trading AMC ChargesZeroFree
Margin Money75% Margin75% Margin
Brokerage CalculatorICICI Direct Brokerage CalculatorJM Financial Brokerage Calculator

JM Financial & ICICI Direct Other Charges Comparison

Other ChargesICICI DirectJM Financial
Transaction Charges0.00280% of Total Turnover0.00325% of Total Turnover
STTEquity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
SEBI Turnover Charges0.00005% (Rs. 5/Crore)0.00005% (Rs. 5/Crore)
Stamp Duty(On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)(On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)
GST18% on (Brokerage + Transaction Charge + SEBI Fee)18% on (Brokerage + Transaction Charge + SEBI Fee)

Compare JM Financial & ICICI Direct Offers

OffersICICI DirectJM Financial
Free Demat AccountRR
Free Trading AccountSR
Discount on BrokerageSR
Trading Happy HoursRS
Flexible Brokerage PlansRR
1 Month Brokerage FreeSS
Holiday OffersSS
Referral OffersRS
Zero Brokerage for Loss Making TradesRS

Compare Services of ICICI Direct vs JM Financial

ServicesICICI DirectJM Financial
Demat ServicesRR
Trading ServicesRR
3 in 1 AccountRS
Intraday ServicesRR
IPO ServicesRR
Stock RecommendationsRR
Robo AdvisoryRS
PMSRR
Trading InstitutionRS
Trading ExposureUpto 5xUpto 5x

Compare JM Financial & ICICI Direct Research & Advisory

Research & AdvisoryICICI DirectJM Financial
Fundamental ReportsRR
Research ReportsRR
Company ReportsRR
Annual ReportsRR
Company Stock ReviewRR
Free Stock TipsSR
IPO ReportsRR
Top PicksSR
Daily Market ReviewRR
Monthly ReportsRR
Weekly ReportsRR
Offline AdvisoryRR
Relationship ManagerRR

ICICI Direct vs JM Financial Exposure/Leverage

Exposure / LeverageICICI DirectJM Financial
Equity Delivery1x1x
Equity IntradayUpto 5xUpto 5x
Equity Futures1x1x
Equity Options1x1x
Currency Futures1x1x
Currency Options1x1x
Commodities1x1x
Margin CalculatorICICI Direct Margin CalculatorJM Financial Margin Calculator

ICICI Direct vs JM Financial Product Comparison

ProductsICICI DirectJM Financial
Equity TradingRR
Commodity TradingSR
Currency TradingRR
OptionsRR
FuturesRR
Mutual FundsRR
ForexRR
BankingRS
SIPRR
InsuranceRR

ICICI Direct vs JM Financial Trading Platform Comparison

Trading PlatformsICICI DirectJM Financial
Desktop Platform – WindowsRR
Desktop Platform – MacRR
Desktop Browser PlatformRS
Mobile Site PlatformRR
Android App PlatformRR
iOS App PlatformRR
Windows App PlatformSS
Other Mobile OS PlatformSS
Real time UpdatesRR
Portfolio DetailsRR
Online MF BuyRR
News FlashRR
Research ReportsRR
Easy InstallationRR
Global IndicesRR
Stock TipsRR
Personalized AdvisoryRS
Interactive ChartsRR
Live MarketsRR
SMS AlertsRS
Email AlertsRS
Multi Account ManagementRS

ICICI Direct vs JM Financial Customer Support

Customer SupportICICI DirectJM Financial
Dedicated DealerRR
Offline TradingSR
Online TradingRR
24*7 SupportSS
Email SupportRR
Chat SupportSS
Toll Free NumberSS
Branches22650

ICICI Direct vs JM Financial Customer Complaints

Complaints (Current Year)ICICI DirectJM Financial
Lodged in BSE2255
Resolved in BSE2155
Lodged in NSE1967
Resolved in NSE1827

Compare ICICI Direct with other Brokers & JM Financial with other Brokers


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