ICICI Direct vs NJ Wealth – Compare Brokerage Charges, Demat Account & more

Here is a detailed comparison of ICICI Direct vs NJ Wealth. ICICI Direct is one of the few banking broker which is listed in the stock exchange while NJ Wealth is a full service broker which provides great deal of offers to its customers. This comparison between ICICI Direct & NJ Wealth 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 NJ Wealth

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

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

Now let’s Compare NJ Wealth & ICICI Direct

Overview of ICICI Direct & NJ Wealth

OverviewICICI DirectNJ Wealth
Company TypePublicPrivate
Broker TypeFull Service BrokerFull Service Broker
HeadquartersMumbai, IndiaSurat, Gujarat
FounderVjay ChandokNiraj Ravindra Choksi
Established Year19942000

ICICI Direct vs NJ Wealth Customer Ratings Comparison

Customer RatingsICICI DirectNJ Wealth
Experience8.8 / 105.8/10
Products & Services8.4 / 105.8/10
Brokerage Charges & Fees8.5 / 105.6/10
Stock Research & Advisory7.9 / 105.4/10
Trading Platforms8.6 / 105.8/10
Overall Ratings8.44 / 105.6/10
Star Ratings★★★★☆★★★☆☆
Total Client Reviews4026219

ICICI Direct vs NJ Wealth Demat Account Comparison

Demat ServicesICICI DirectNJ Wealth
Depository SourceNSDL & CDSLCDSL & NSDL
Account Opening ChargesZeroRs.300
Demat AMC ChargesRs 300 (from 2nd year)Free
Trading AMC ChargesRs 0 (Free)Rs.250 per Annum
Margin Money75% Margin75% Margin
Offline to OnlineSR

NJ Wealth vs ICICI Direct Brokerage Charges Comparison

Brokerage Charge & FeesICICI DirectNJ Wealth
Equity Delivery Trading0.55%0.1% – 0.2%
Equity Intraday TradingRs 20 per order0.01% – 0.02%
Commodity Options TradingRs 20 per order0.01% – 0.02%
Equity Futures TradingRs 0 (Free)0.01% – 0.02%
Equity Options TradingRs 20 per orderRs.10 – Rs.20 per Lot
Currency Futures TradingRs 20 per order0.01% – 0.02%
Currency Options TradingRs 20 per orderRs.10 – Rs.20 per Lot
Minimum BrokerageRs.20 per TradePercentage of Transaction
Demat AMC ChargesRs.300 per Annum from 2nd yearFree
Trading AMC ChargesZeroRs.250 per Annum
Margin Money75% Margin75% Margin
Brokerage CalculatorICICI Direct Brokerage CalculatorNJ Wealth Brokerage Calculator

NJ Wealth & ICICI Direct Other Charges Comparison

Other ChargesICICI DirectNJ Wealth
Transaction Charges0.00280% of Total Turnover0.0000325
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 NJ Wealth & ICICI Direct Offers

OffersICICI DirectNJ Wealth
Free Demat AccountRS
Free Trading AccountSS
Discount on BrokerageSS
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 NJ Wealth

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

Compare NJ Wealth & ICICI Direct Research & Advisory

Research & AdvisoryICICI DirectNJ Wealth
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 NJ Wealth Exposure/Leverage

Exposure / LeverageICICI DirectNJ Wealth
Equity Delivery1x1x
Equity IntradayUpto 5xUpto 5x
Equity Futures1x1x
Equity Options1x1x
Currency Futures1x1x
Currency Options1x1x
Commodities1x1x
Margin CalculatorICICI Direct Margin CalculatorNJ Wealth Margin Calculator

ICICI Direct vs NJ Wealth Product Comparison

ProductsICICI DirectNJ Wealth
Equity TradingRR
Commodity TradingSR
Currency TradingRR
OptionsRR
FuturesRR
Mutual FundsRR
ForexRS
BankingRS
SIPRR
InsuranceRS

ICICI Direct vs NJ Wealth Trading Platform Comparison

Trading PlatformsICICI DirectNJ Wealth
Desktop Platform – WindowsRR
Desktop Platform – MacRR
Desktop Browser PlatformRR
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 AlertsRR
Email AlertsRR
Multi Account ManagementRS

ICICI Direct vs NJ Wealth Customer Support

Customer SupportICICI DirectNJ Wealth
Dedicated DealerRR
Offline TradingSR
Online TradingRR
24*7 SupportSS
Email SupportRR
Chat SupportSS
Toll Free NumberSS
Branches226283

ICICI Direct vs NJ Wealth Customer Complaints

Complaints (Current Year)ICICI DirectNJ Wealth
Lodged in BSE2250
Resolved in BSE2150
Lodged in NSE1967
Resolved in NSE1827

Compare ICICI Direct with other Brokers & NJ Wealth with other Brokers


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