Table of Contents
Why ICICIDirect is so expensive?
Cons. ICICIDirect Brokerage is very expensive. ICICIDirect doesn’t offer commodity trading. ICICI securities minimum brokerage charge as per the official I-Secure Plan is ₹35 per trade; it is extremely high for novice traders.
Why Icici Direct is best?
ICICI Direct is one of the largest and a good stock broker. ICICI Direct is the pioneer in online trading in India. ICICI Direct was the largest stock broker for over 20 years until year 2019. It lost its number 1 position to Zerodha in terms of number of active clients.
Is Icici direct trustworthy?
ICICIdirect – Safe, Reliable & Trustworthy Broker. ICICIdirect is a safe and trusted stockbroker for many reasons including it being a part of ICICI Bank, a reputed private sector bank in India, ICICI Securities being a stock market listed company, huge customer base, and no major violation reported to date.
What is average cost price in ICICIDirect?
The average price is calculated as the Net Trade Value divided by the Net Qty. 6. On clicking on the update portfolio button, all the selected trade’s will be updated in the portfolio page.
What is average cost price in Icicidirect?
What is DP charges in Icici direct?
Demat Account Fee Schedule for Resident Non-Corporates (With effect from June 01, 2005 ):
Fee Head | DP Charges | |
---|---|---|
5 | Rejection/fails | Rs.30/- |
6 | Demat Charges | Rs.35/- per request and Rs. 2/- extra for each certificate |
7 | Remat Charges | Rs. 20/- for each request form |
8 | Closure of Account | Nil |
Is Icici Direct fake?
Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as ICICI Direct you should be sure they’re legitimate online agent.
Is ICICIDirect good for mutual fund?
Overall ICICI Direct has good mutual fund investment options except for direct mutual fund investment plan which offered by Zerodha. You can save up to 1 to 2\% in your annual profit by investing in a direct mutual fund which usually a commotion took by service providers in a regular plan.
How is Icici direct brokerage calculated?
- Turnover. ₹ 1,00,000.00.
- Delivery Brokerage Rate. 0.55\% on order value.
- Brokerage Applicable. ₹ 550.00.
- ₹ 100.00.
- Exchange Charges. ₹ 3.00.
- ₹ 99.54.
- ₹ 0.05.
- Stamp Duty Charges. ₹ 15.00.
How much does ICICI Direct charge for 1 core?
ICICI Direct is a high cost broker. Choose a discount broker who will charge you a fixed fee for a trade, and not based on the value of your purchase or sale. Eg with RKSV or Zerodha, even if you do trade of 1 core, you will be charged a flat brokerage of only Rs. 40. (20 for buying and 20 for selling)
Is icicidirect better than ICICI Direct?
ICICIDIRECT provides you several prepaid brokerage plans that can bring down your brokerage on F&O to as low as ICICIDIRECT wins hands down. Ultimately a lot depends on what purpose you want to use it for and what sort of transaction volumes you have.
What are the brokerage charges of ICICI other brokerage?
ICICI Other Brokergae Charges. ICICI Direct Minimum Brokerage: ICICI charges minimum brokerage of ₹35 per trade or 2.5\% of the trade value whichever is lower. ICICI charges flat 5 paisa per share (₹0.05) brokerage on stocks priced less then ₹10 per share.
Should ICICI Direct have charged less for a Demat account?
So they should have charged less. And also you cannot link any other bank’s savings account with your icicidirect demat account, this is a unfair trade. They does provide good services like cloud order storage, bullet brokerage, Cover order with a high margin, they have a learning program for a cost.