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Product Details
Brokerage and Fees
  • Brokerage Charge For Normal Trading: (Normal trading is non-intraday trading where the buyer takes delivery of the stocks): 0.55% irrespective of turnover + GST.

  • Brokerage Charge For Margin Trading: (Margin trading involves customer borrowing money from the stock broker):  Transactions up to INR 50,000- INR 25 or 2.5% whichever is lower Exceeding Rs 50,000- 0.05% + GST.

  • Brokerage Charge For Futures Trading: 0.05% + GST.

  • Brokerage Charge For Options Trading: INR 95 per lot + GST

  • Intraday Square Off: INR 50 per lot + GST.

  • Annual Maintenance Charge: INR 700 from the second year.

  • Payment Gateway Charges Netbanking: INR 10 + Gst, for each time you add funds to your account. 

  • Fund Transfer: Fund transfer from your bank account to your trading account is free. 

  • Call & Trade Order: 20 call per month are free.

Account Opening Fees


  • Any Indian resident can apply.

  • You need to have a bank account.

  • You need to have KYC documents like Aadhar and PAN. 

Annual Fees

INR 700 from the second year

ICICI Direct - Secure brokerage plan
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ICICI Direct Review

Special Features

Deep research and investment reports.

  • Higher account maintenance charges. 

  • Higher brokerage than most of the new age brokers. 

  • Access to Investment Platforms and Research : ICICI Direct offers various investment platforms and research tools to its customers.

  • Trust: ICICI Direct is part of the ICICI group and is one of the oldest stock trader in India. 

  • Reliability: Unlike certain new-age stock brokers ICICI Direct platform has low down times and other service outages. 

  • Widespread Network: ICICI Direct has offices across India and has a widespread physical presence. 

Pros and Cons
How to Apply?
  • Visit the Website:  Begin by visiting ICICI Direct's official website:

  • Choose Account Type:  Select whether you want to open a "3-in-1 Account" (trading, Demat, and bank account) or only a Demat account.

  • Provide Basic Information:  Enter your name, email address, mobile number, and select a preferred branch.

  • Complete KYC Verification:Upload a scanned copy of your PAN card. Provide details from your Aadhaar card (or other government-approved ID). Upload a recent photograph and signature.

  • Bank Account Linking:  If you're not opening a 3-in-1 account, link your existing bank account using IFSC code and account number.

  • Financial Information:  Share your income details and any previous trading experience (if applicable).

  • E-Sign Documents:  Electronically sign the account opening documents using Aadhaar-based OTP for authorization.

  • Verification:  ICICI Direct will verify your details and documents. This usually takes 1-2 business days.

Documents Required
  • You need to have a bank account.

  • You need to have KYC document like Aadhar and PAN. 

Account Opening and Procedures
ICICI Direct (Neo Plan)

ICICI Direct Neo Brokerage plan is offered as an add-on to the existing brokerage plan i.e. Prime or iSecure plans. This plan is a discount brokerage plan which reduces brokerage for Intraday and F&O traders. The plan charges flat Rs 20 per executed order for Intraday and F&O. Neo plan offers brokerage-free trading in the equity futures segment. This plan is complicated, expensive for delivery trading and not available to all the existing customers. It is available to all new customers.

Abhijeet Saxena

Abhijeet Saxena

Abhijeet Saxena

Nalsar University of Law

Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi

Ex - Khaitan & Co. Bengaluru,

Ex - National Stock Exchange, Mumbai,

Ex - Argus Partners, Mumbai

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