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Project on Comparison Between Stock Brokers

Project on Comparison Between Stock Brokers

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Published by: sukesh v j on Feb 11, 2010
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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.
Trade In
: 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.
Check latest rates at:
How to open account with ICICIDirect?
For Online Stock Trading with ICICI, investor needs to open 3 accounts...ICICI Bank Account, ICICI DirectTrading Account and ICICI Demat Account (DP Account).Note: If you already have a bank account or demat account with ICICI, you could link it with new ICICIDirecttrading account.Opening trading account with ICICI is easy. You could use one of the following options to open account withICICIDirect.
Visit ICICIDirect.com and fill the "Open an Account" form.
Call ICICI and tell them that you are interested in opening an account with them.In both the cases ICICI representative contact you in a day or two and tell you about the procedure to openthe account. They usually send somebody to your home to collect documents, signature and for demo if required.
Advantages of ICICIDirect
1.3-in-1 account integrates your banking, broking and demat accounts. All accounts are from ICICIand very well integrated. This feature makes ICICI the most interesting player in online tradingfacility. There is absolutely no manual interfere require. This is truly online trading environment.2.Unlike most of the online trading companies in India which require transferring money to thebroker's pool or towards deposits, at ICICIDirect you can manage your own demat and bankaccounts through ICICIdirect.com. Money from selling stock is available in ICICI bank account assoon as the ICICIDirect receive it.3.Investment online in IPOs, Mutual Funds, GOI Bonds, and Postal Savings Schemes all from onewebsite. General Insurance is also available from ICICI Lombard.4.Trading is available in both BSE and NSE.
Disadvantages of ICICIDirect
1.Getting access to ICICIDirect.com website during market session can be frustrating.2.ICICIDirect brokerage is high and not negotiable.3.Not all stocks are available under Margin Plus.
Useful links about ICICIDirect
Product Demo
Sharekhan Stock Trading / Sharekhan Demat / Sharekhan Brokerage
Sharekhan is online stock trading company of SSKI Group, provider of India-based investment banking andcorporate finance service. ShareKhan is one of the largest stock broking houses in the country. S.S. KantilalIshwarlal Securities Limited (SSKI) has been among India’s leading broking houses for more than a century.
Sharekhan's equity related services include trade execution on BSE, NSE, Derivatives,commodities, depository services, online trading and investment advice. Trading is available in BSE andNSE. Along with Sharekhan.com website, ShareKhan has around 510 offices (share shops) in 170 citiesaround the country.Share khan has one of the best state of art web portal providing fundamental and statistical informationacross equity, mutual funds and IPOs. You can surf across 5,500 companies for in-depth information,details about more than 1,500 mutual fund schemes and IPO data. You can also access other marketrelated details such as board meetings, result announcements, FII transactions, buying/selling by mutualfunds and much more.
Trade In
: BSE and NSE
Type of Account
Classic Account Trading Terminal 
ShareKhan Classic account
Allow investor to buy and sell stocks online along with the following features like multiple watchlists, Integrated Banking, demat and digital contracts, Real-time portfolio tracking with price alertsand Instant credit & transfer.a.Online trading account for investing in Equities and Derivativesb.Free trading through Phone (Dial-n-Trade)I.Two dedicated numbers for placing your orders with your cellphone or landline.II.Automtic funds tranfer with phone banking (for Citibank and HDFC bankcustomers)III.Simple and Secure Interactive Voice Response based system for authenticationIV.get the trusted, professional advice of our telebrokersV.After hours order placement facility between 8.00 am and 9.30 amc.Integration of: Online trading + Bank + Demat accountd.Instant cash transfer facility against purchase & sale of sharese.IPO investmentsf.Instant order and trade confirmations by e-mail

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