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

Last Updated Date - Aug 28, 2023

Here is a detailed comparison of Zerodha vs ICICI Direct. ICICI Direct is a bank broking house with customer base of over 3 million while zerodha has grown significantly in last few years & has already reached 6 lakh customer base in 7 years. This is a very interesting comparison between Zerodha & ICICI Direct.

Zerodha vs ICICI Direct

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


Now let’s Compare ICICI Direct & Zerodha

Overview of Zerodha & ICICI Direct

Overview Zerodha ICICI Direct
Company Type Private Public
Broker Type Discount Broker Full Service Broker
Headquarters Bangalore, India Mumbai, India
Founder  Nithin Kamath, Nikhil Kamath, Dr.Kailash Nadh Vjay Chandok
Established Year 2010 1994

Zerodha vs ICICI Direct Customer Ratings Comparison

Customer Ratings Zerodha ICICI Direct
Experience 8.7 / 10 8.8 / 10
Products & Services 9.4 / 10 8.4 / 10
Brokerage Charges & Fees 9.5 / 10 8.5 / 10
Stock Research & Advisory 9.6 / 10 7.9 / 10
Trading Platforms 8.5 / 10 8.6 / 10
Overall Ratings 9.14 / 10 8.44 / 10
Star Ratings ★★★★★ ★★★★☆
Total Client Reviews 5893 4026

Zerodha vs ICICI Direct Demat Account Comparison

Demat Services Zerodha ICICI Direct
Depository Source CDSL NSDL & CDSL
Account Opening Charges Rs.200 Zero
Demat AMC Charges Rs.300 per Annum Rs 300 (from 2nd year)
Trading AMC Charges Free Rs 0 (Free)
Margin Money 75% Margin 75% Margin
Offline to Online S S

ICICI Direct vs Zerodha Brokerage Charges Comparison

Brokerage Charge & Fees Zerodha ICICI Direct
Equity Delivery Trading Rs 0 (Free) 0.55%
Equity Intraday Trading Flat Rs 20 or 0.03% (whichever is lower) per executed order Rs 20 per order
Commodity Options Trading Flat Rs 20 or 0.03% (whichever is lower) per executed order Rs 20 per order
Equity Futures Trading Flat Rs 20 or 0.03% (whichever is lower) per executed order Rs 0 (Free)
Equity Options Trading Flat Rs 20 per executed order (on Turnover) Rs 20 per order
Currency Futures Trading Flat Rs 20 or 0.03% (whichever is lower) per executed order Rs 20 per order
Currency Options Trading Flat Rs 20 or 0.03% (whichever is lower) per executed order Rs 20 per order
Minimum Brokerage Zero Rs.20 per Trade
Demat AMC Charges Rs.300 per Annum Rs.300 per Annum from 2nd year
Trading AMC Charges Free Zero
Margin Money 75% Margin 75% Margin
Brokerage Calculator Zerodha Brokerage Calculator ICICI Direct Brokerage Calculator

ICICI Direct & Zerodha Other Charges Comparison

Other Charges Zerodha ICICI Direct
Transaction Charges 0.00325% of Total Turnover 0.00280% of Total Turnover
STT 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
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 Charges Rs 10 / 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)
GST 18% on (Brokerage + Transaction Charge + SEBI Fee) 18% on (Brokerage + Transaction Charge + SEBI Fee)

Compare ICICI Direct & Zerodha Offers

Offers Zerodha ICICI Direct
Free Demat Account S R
Free Trading Account S S
Discount on Brokerage R S
Trading Happy Hours S R
Flexible Brokerage Plans S R
1 Month Brokerage Free S S
Holiday Offers S S
Referral Offers R R
Zero Brokerage for Loss Making Trades S R

Compare Services of Zerodha vs ICICI Direct

Services Zerodha ICICI Direct
Demat Services R R
Trading Services R R
3 in 1 Acount S R
Intraday Services R R
IPO Services R R
Stock Recommendations S R
Robo Advisory S R
PMS R R
Trading Institution S R
Trading Exposure Upto 5x Upto 5x

Compare ICICI Direct & Zerodha Research & Advisory

Research & Advisory Zerodha ICICI Direct
Fundamental Reports S R
Research Reports S R
Company Reports S R
Annual Reports S R
Company Stock Review S R
Free Stock Tips S S
IPO Reports S R
Top Picks S S
Daily Market Review S R
Monthly Reports S R
Weekly Reports S R
Offline Advisory S R
Relationship Manager S R

Zerodha vs ICICI Direct Exposure/Leverage

Exposure / Leverage Zerodha ICICI Direct
Equity Delivery 1x 1x
Equity Intraday Upto 5x Upto 5x
Equity Futures 1x 1x
Equity Options 1x 1x
Currency Futures 1x 1x
Currency Options 1x 1x
Commodities 1x 1x
Margin Calculator Zerodha Margin Calculator ICICI Direct Margin Calculator

Zerodha vs ICICI Direct Product Comparison

Products Zerodha ICICI Direct
Equity Trading R R
Commodity Trading R S
Currency Trading R R
Options R R
Futures R R
Mutual Funds R R
Forex S R
Banking S R
SIP R R
Insurance S R

Zerodha vs ICICI Direct Trading Platform Comparison

Trading Platforms Zerodha ICICI Direct
Desktop Platform – Windows R R
Desktop Platform – Mac R R
Desktop Browser Platform R R
Mobile Site Platform R R
Android App Platform R R
iOS App Platform R R
Windows App Platform S S
Other Mobile OS Platform S S
Real time Updates R R
Portfolio Details R R
Online MF Buy R R
News Flash R R
Research Reports R R
Easy Installation R R
Global Indices R R
Stock Tips R R
Personalized Advisory R R
Interactive Charts R R
Live Markets R R
SMS Alerts R R
Email Alerts R R
Multi Account Management R R

Zerodha vs ICICI Direct Customer Support

Customer Support Zerodha ICICI Direct
Dedicated Dealer S R
Offline Trading S S
Online Trading R R
24*7 Support R S
Email Support R R
Chat Support R S
Toll Free Number S S
Branches Zero 226

Zerodha vs ICICI Direct Customer Complaints

Complaints (Current Year) Zerodha ICICI Direct
Lodged in BSE 220 225
Resolved in BSE 217 215
Lodged in NSE 189 196
Resolved in NSE 185 182

 


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