Table of Contents
- 1 What is Option Plus in ICICIdirect?
- 2 What is difference between options and option plus in ICICIdirect?
- 3 How can I reduce brokerage charges in ICICIdirect?
- 4 What is Option Plus?
- 5 How can I reduce brokerage in ICICIdirect?
- 6 How much margin does ICICIdirect give?
- 7 How to buy and sell options in icicidirect?
- 8 What are the benefits of ICICI Direct?
What is Option Plus in ICICIdirect?
ICICI Direct OptionPLUS is an intraday product for Options Trading wherein you can place 2 orders simultaneously. The first will be a market/Limit order for buying Options contract and the second order is placed to limit the loss on the position by specifying the Stop Loss Trigger Price (SLTP) and a Limit Price.
What is difference between options and option plus in ICICIdirect?
c. If you place a single order for buying 10 lots in Option Plus where the Option premium is of 4 & squared off within 5 mins at 6, then you will be charged only fixed brokerage of 20 per order on Buy side. On sell side, 20 and additional 5 per lot (ie 5 * 10 lots = 50) will be charged.
Which is better ICICIdirect vs Zerodha?
Zerodha is better than ICICI Direct in the following ways: Zerodha offers brokerage-free equity and mutual fund investment. ICICI Direct charges 0.55\% brokerage for equity delivery. Zerodha call and trade charges are Rs 20 per trade while ICICI Direct charges Rs 50. Zerodha doesn’t charge any subscription fee.
How can I reduce brokerage charges in ICICIdirect?
The brokerage reduces as you move to a higher prepaid plan. ICICI Direct Prime Plan offers an eATM facility with reduced brokerage charges for a fixed yearly fee of Rs 900, Rs 4500 or Rs 9500. The brokerage in Rs 900 Prime Plan is 0.25\% in cash, 0.025\% in intra-day and future and Rs 35 per lot for options.
What is Option Plus?
Option Plus enables you to get 10 times more leverage on executing pre-defined trades in Nifty and Bank Nifty Option contracts.
How can I activate option trading in ICICIdirect?
Activate your F&O segment
- • Latest form 16.
- • Salary slip not older than 3 months.
- • Latest annual account details (Balance sheet and Profit & loss account)
- • Latest IT Return acknowledgement.
- • Latest Net- worth certificate.
- • Latest half yearly bank statement.
- • Copy of demat account holding statement.
How can I reduce brokerage in ICICIdirect?
How much margin does ICICIdirect give?
As per the SEBI circular dated November 19, 2019, starting from September 01, 2021, brokers cannot offer additional margin (i.e. 20x) in any segment including intra-day at BSE, NSE and MCX….ICICIdirect Margin.
Segment | Trading Margin |
---|---|
Equity Intraday | 5x (Up to 20\% of trade value) |
Equity F&O | 1x (100\% of NRML margin (Span + Exposure)) |
What is ICICI Direct optionplus?
ICICI Direct OptionPLUS is an intraday product for Options Trading wherein you can place 2 orders simultaneously. The first will be a market/Limit order for buying Options contract and the second order is placed to limit the loss on the position by specifying the Stop Loss Trigger Price (SLTP) and a Limit Price.
How to buy and sell options in icicidirect?
ICICIdirect offers 3 platforms to buy and sell Options: A free web trading platform. A free installable trading platform. A free mobile trading application. How To Buy Options in ICICIdirect? Visit ICICIdirect website and log in using the ID/password given in the mail.
What are the benefits of ICICI Direct?
ICICIdirect provides research, recommendations and daily trading tips for options trading for free to all customers. It also offers online IPO, Mutual Fund investment, Bonds etc. Discount brokerage – Flat Rs 20 per order brokerage.
What is ICICI Direct options 20 plan (Neo plan)?
ICICI Direct Options 20 plan (NEO Plan) is an ICICI discount brokerage plan launched in early 2021. This plan offers options trading at flat Rs 20 per order across all trading segments. It offers brokerage-free Equity Futures trading and charges 0.55\% for Equity delivery trades.