ICICIDirect Stock Trading / ICICIDirect Demat / ICICIDirect Brokerage
ICICIDirect (or ICICIDirect.com) is stock trading company of ICICI Bank. Along with stock trading andtrading in derivatives in BSE and NSE, it also provides facility to invest in IPOs, Mutual Funds and Bonds.Trading is available in BSE and NSE.
: BSE and NSE
Type of Account
ICICIDirect offers 3 different online trading platforms to its customers:
1.Share Trading Account
Share Trading Account by ICICIDirect is primarily for buying and selling of stocks in BSE and NSE.This account allows Cash Trading, Margin Trading, MarginPLUS Trading, Spot Trading, Buy TodaySell Tomorrow and Call and Trade on phone.ICICIDirect.com website is the primary trading platform for this trading account. They also provideinstallable application terminal based application for high volume trader.
2.Wise Investment Account
Along with stock trading and IPO investing in BSE and NSE, Wise Investment account also provideoptions to invest in Mutual Funds and Bonds online.Online Mutual funds investment allows investor to invest on-line in around 19 Mutual Fundcompanies. ICICI Direct offers various options while investing in Mutual Funds like PurchaseMutual Fund, Redemption and switch between different schemes, Systematic Investment plans,Systematic withdrawal plan and transferring existing Mutual Funds in to electronic mode. Thisaccount also provides facility to
invest in Government of India Bonds and ICICI Bank TaxSaving Bonds
.ICICIDirect.com website is the primary tool to invest in Mutual Funds, IPOs, Bonds and stocktrading.
3.Active Trader Account
Active Trader account gives more personalized investment options to the investors. It allowsinvestor to use online and offline stock trading. It also provides with independent market expertiseand support through a dedicated Relationship Manager from ICICI.Active Trader also provides commodity trading.
Brokerage and fees
Account opening fees
: Rs 750/- (One time non-refundable)
: ICICIDirect.com brokerage varies on volume of trade and inclusive of demattransaction charges, service taxes and courier charges for contract notes. It ranges from 0.1% to0.15% for margin trades, 0.2% to 0.425% for squared off trades and 0.4% to 0.85% on deliverybased trades.