Best Stock Broker IndiaCompare brokers, demat & trading apps

Broker Reviews

ICICI Direct Review 2026

Full-service broker (bank group) · May suit: ICICI Bank customers who want a 3-in-1 account

ICICI Direct's default MoneySaver plan charges 0.29% on delivery, 0.029% on intraday and futures and ₹49 per lot on options. Paid Prime plans lower delivery to as little as 0.07%; the iVALUE plan charges ₹20 per order on intraday and F&O.

Researched and written by the BestStockBrokerIndia Editorial Team Reviewed by the BestStockBrokerIndia Editorial TeamPublished Updated How we research

Fees checked on against the official pricing page.

At a glance

Account opening
Not verified
AMC
₹700/yr (₹300 Prime)
Delivery
0.29% (Prime lower)
Intraday
0.029%
Futures
0.029%
Options
₹49/lot
DP charge
₹20 + GST/scrip/day
MTF
17.99% p.a.
Visit ICICI Direct website

Overview

ICICI Direct is the broking arm of the ICICI group and offers a 3-in-1 account linking ICICI Bank savings, trading and demat.

On the default plan, brokerage is percentage-based and much higher than flat-fee brokers for large trades. Paid Prime plans reduce it substantially, so frequent users should compare the plans.

Company & regulation

Legal entityICICI Securities Limited
Founded1995
HeadquartersMumbai, Maharashtra
SEBI stock broker registrationINZ000183631
Account typesIndividual 3-in-1 (ICICI Bank savings + trading + demat), NRI, HUF
ProductsEquity, F&O, commodity, mutual funds, IPO, bonds, NPS, MTF

Verify registration on SEBI's register of stock brokers.

ICICI Direct charges

ICICI Direct charges as published at www.icicidirect.com/brokerage, checked 30 September 2026.
Account openingNot verified — the brokerage page we checked does not state an account opening fee.
Demat AMC₹700 per year standard; ₹300 per year for iVALUE subscribers.
Equity delivery0.29% on the default MoneySaver plan. Prime plans: 0.25% / 0.10% / 0.07% depending on the plan.
Equity intraday0.029% on the default MoneySaver plan; ₹20 per order on the iVALUE plan.
Futures0.029% on the default MoneySaver plan; ₹20 per order on the iVALUE plan.
Options₹49 per lot on the default MoneySaver plan; ₹20 per order on the iVALUE plan.
Commodity₹20 per order.
DP charge (on selling delivery shares)Broker-specific. NSDL accounts: ₹20 + GST per scrip for the first debit instruction and ₹4 + GST for each further debit in the same scrip on the same day. CDSL accounts: ₹20 + GST per scrip sold per day. Both include the depository fee. The calculator uses the NSDL rule (the higher of the two when you sell a stock more than once).
Margin trading (MTF)17.99% per year (0.049% per day) on the default plan; Prime plans advertise lower MTF rates.
Other notable chargesCall & trade: ₹50 per order. System square-off: ₹50 per order (capped at ₹100 a day). Prime plans are paid one-time or annual subscriptions (Prime 999, 4999, 9999).
ICICI Direct: demat AMC over 5 years₹700 a year as published (standard plan)₹700Year 1₹1,400Year 2₹2,100Year 3₹2,800Year 4₹3,500Year 5Cumulative demat AMC paid, including GST where the broker adds it.
Brokerage on one ₹10,000 delivery orderBrokerage only; GST, STT, exchange, SEBI and stamp charges are extra.Zerodha₹0Groww₹10Angel One₹10Upstox₹20HDFC SKY₹20Kotak Securities₹20Motilal Oswal₹205paisa₹20ICICI Direct₹29Sharekhan₹30Source: each broker's published pricing page, checked 2026-09-30.

How ICICI Direct counts the DP charge

Rule
Broker-specific
Amount
₹20 first debit, ₹4 each further debit of the same stock that day, + 18% GST

NSDL accounts: ₹20 + GST per scrip for the first debit instruction and ₹4 + GST for each further debit in the same scrip on the same day. CDSL accounts: ₹20 + GST per scrip sold per day. Both include the depository fee. The calculator uses the NSDL rule (the higher of the two when you sell a stock more than once).

Source: ICICI Direct – Brokerage & charges. Checked 30 September 2026. Compare every broker's rule in our DP charges guide.

Full fee schedule with sources

ICICI Direct fee schedule, one row per fee, each with its own source. Checked 30 September 2026.
FeeAmountChargedApplies toSource
Brokerage – delivery (default MoneySaver plan) 0.29% of trade value MoneySaver (default) ICICI Direct – Brokerage & charges
Brokerage – intraday / futures 0.029% of trade value MoneySaver (default) ICICI Direct – Brokerage & charges
Brokerage – options (Equity F&O) ₹49 per lot MoneySaver (default) ICICI Direct – Brokerage & charges
Brokerage – intraday / F&O ₹20 per order iVALUE ICICI Direct – Brokerage & charges
Brokerage – delivery 0.25% / 0.10% / 0.07% of trade value Prime 999 / 4999 / 9999 ICICI Direct – Brokerage & charges
Demat AMC ₹700 a year annual Resident individual ICICI Direct – Brokerage & charges
Demat AMC ₹300 a year annual iVALUE subscribers ICICI Direct – Brokerage & charges
DP charge – NSDL ₹20 + GST first debit; ₹4 + GST each further debit same scrip same day per scrip Resident individual ICICI Direct – Brokerage & charges
DP charge – CDSL ₹20 + GST per scrip sold per day Resident individual ICICI Direct – Brokerage & charges
MTF interest 17.99% p.a. (0.049%/day) MoneySaver (default) ICICI Direct – Brokerage & charges
Call & trade ₹50 per order Resident individual ICICI Direct – Brokerage & charges
System square-off ₹50 (max ₹100/day) per order Resident individual ICICI Direct – Brokerage & charges

Statutory charges (STT, exchange transaction charges, SEBI fee, stamp duty) and 18% GST are extra. Estimate a full trade in the brokerage calculator.

Platforms & apps

ICICI Direct offers web trading on its website and a mobile app. The main advantage is the 3-in-1 link with an ICICI Bank savings account.

  • Mobile: ICICIdirect mobile app (Android, iOS)
  • Web / desktop: ICICIdirect website trading

Research, support & margin

Research

As a full-service broker, ICICI Securities publishes research reports. Research is not personalised advice.

Customer support

Full-service support including branches and call & trade (₹50 per order). Check ICICI Direct's website for current channels.

Margin & MTF

MTF interest is 17.99% per year on the default plan.

Pros & cons

Pros

  • 3-in-1 integration with ICICI Bank
  • Research reports and branch support
  • Prime plans reduce brokerage substantially
  • Broad product range, including bonds and NPS

Cons

  • High default delivery brokerage (0.29%)
  • ₹700 standard annual AMC
  • Options charged per lot on the default plan
  • MTF interest of 17.99% p.a.

Who ICICI Direct suits

ICICI Bank customers who value a 3-in-1 account, research and branch support over the lowest price.

May not suit

Cost-sensitive traders and investors placing large orders on the default plan.

For beginners

Convenient if you already bank with ICICI. Check which brokerage plan you are on, because the default plan is expensive for larger trades.

Ready to compare? Check ICICI Direct's current charges on its official page before opening an account.

Visit ICICI Direct website

Compare ICICI Direct

Frequently asked questions

What are ICICI Direct's brokerage charges?

On the default MoneySaver plan: 0.29% delivery, 0.029% intraday and futures, and ₹49 per lot on options. Paid Prime plans reduce delivery to 0.25%, 0.10% or 0.07%, and the iVALUE plan charges ₹20 per order on intraday and F&O.

What is ICICI Direct's AMC?

₹700 per year standard, or ₹300 for iVALUE subscribers.

How does ICICI Direct charge DP?

For NSDL accounts, ₹20 + GST per scrip for the first debit and ₹4 + GST for each further debit in the same scrip on the same day. For CDSL accounts, ₹20 + GST per scrip sold per day.

Is ICICI Direct SEBI registered?

Yes. ICICI Securities Limited is registered with SEBI as a stock broker under INZ000183631.

Sources

  1. ICICI Direct – Brokerage & charges — accessed 30 September 2026
  2. SEBI – register of stock brokers — accessed 30 September 2026
  3. SEBI press release: 93% of individual F&O traders incurred losses (FY22–FY24) — accessed 30 September 2026