ICICI direct: 3-in-1 Accounts

ICICIdirect is one of the largest retail stock brokers in India, offering online trading and investment services to over 50 lakh customers. It is part of the ICICI Group, a trusted brand in the financial industry. ICICIdirect stands out from its competition through several unique features:

1. 3-in-1 Account: ICICIdirect offers a 3-in-1 account, which integrates the ICICI Bank Account, ICICI Trading Account, and ICICI Demat Account. This seamless integration allows for easy and convenient transactions between the accounts.
2. Local Support: ICICIdirect provides support through local ICICI Bank branches, which adds a level of convenience and accessibility for customers.
3. Trusted Brand: ICICI is a well-established and trusted brand in the financial sector, which instills confidence in customers who choose ICICIdirect as their stock broker.

ICICIdirect Margin Exposure #

ICICIdirect margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. ICICIdirect F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for ICICIdirect F&O carry forward positions and equity delivery trades.

ICICIdirect offers multiple brokerage plans to cater to different trading and investment needs:

1. ICICI Neo Plan: This is a flat rate brokerage plan that offers brokerage-free equity futures trading. It charges a flat fee of Rs 20 per executed order for equity intraday and options trading, and 0.55% brokerage for equity delivery. The plan also provides access to trading tips, research, 5-minute payout when selling shares, and margin funding at a low-interest rate.
   

   ICICI Neo Plan Brokerage Charges #

   Segment	Brokerage
   Equity Delivery	0.55%
   Equity Intraday	Rs 20 per executed order
   Equity Future	Rs 0 (Free)
   Equity Options	Rs 20 per executed order
   Currency F&O	Rs 20 per executed order
   Commodity F&O	Rs 20 per executed order
   NCDs / Bonds	0.75%

2. ICICIdirect Prime Plan: The Prime Plan aims to reduce brokerage charges and offers instant funds in the bank account when selling shares. It provides exclusive research to plan members and offers upfront reductions in brokerage across all equity and derivative products.
   

   ICICIdirect Prime Plan Brokerage Charges #

   Plan	Equity Cash	Equity Futures	Equity Options	Currency F&O	Commodity Futures
   Rs 299	0.27%	0.027%	Rs 40/lot	Rs 20/order	Rs 20/order
   Rs 999	0.22%	0.022%	Rs 35/lot	Rs 20/order	Rs 20/order
   Rs 1,999	0.18%	0.018%	Rs 25/lot	Rs 20/order	Rs 20/order
   Rs 2,999	0.15%	0.015%	Rs 20/lot	Rs 20/order	Rs 20/order

3. I-Secure Plan: This is a flat brokerage plan that offers a fixed brokerage rate regardless of the turnover value. It is suitable for traders and investors looking for a secured and fixed brokerage structure.
   

   ICICIdirect ISecure Plan Brokerage Charges #

   Segment	Brokerage
   Equity Delivery	0.55%
   Equity Intraday	0.275%
   Equity Future	0.05%
   Equity Options	Rs 95 per order
   Currency F&O	Rs 20 per executed order
   Commodity F&O	Rs 20 per executed order
   NCDs / Bonds	0.75%

4. ICICIdirect Prepaid Brokerage Plan: This plan offers discounted brokerage rates when customers pay a one-time fixed fee upfront. There are different prepaid plans available with varying brokerage rates based on the upfront fee paid.
   

   ICICIdirect Prepaid Brokerage Plan #

   Prepaid Plan	Equity Cash	Equity Future	Equity Options	Currency F&O	Commodity Futures
   Rs 5,000	0.25%	0.025%	Rs 35/lot	Rs 20/order	Rs 20/order
   Rs 12,500	0.22%	0.022%	Rs 30/lot	Rs 20/order	Rs 20/order
   Rs 25,000	0.18%	0.018%	Rs 25/lot	Rs 20/order	Rs 20/order
   Rs 50,000	0.15%	0.015%	Rs 20/lot	Rs 20/order	Rs 20/order
   Rs 100,000	0.12%	0.012%	Rs 15/lot	Rs 20/order	Rs 20/order
   Rs 150,000	0.09%	0.009%	Rs 10/lot	Rs 20/order	Rs 20/order

ICICIdirect provides a wide range of products and features, including One Click Equity, Margin Trading Funding (MTF), smart trading features, and the ability to invest in equity through a Systematic Equity Plan.

In terms of account types, ICICIdirect offers both 3-in-1 accounts, which combine the bank, trading, and demat accounts, and 2-in-1 accounts, which consist of a trading and demat account linked to a non-ICICI bank account.

ICICIdirect Account Opening Charges and AMC #

ICICIdirect provides three trading platforms: ICICIdirect.com website, Trade Racer (a desktop trading terminal), and ICICIdirect Mobile App for trading on the go. These platforms offer a range of features, research, and real-time market data.

While ICICIdirect has several advantages, such as the seamless integration of accounts, a wide range of investment options, and a trusted brand reputation, there are some disadvantages to consider. These include relatively high brokerage charges (which can be reduced through specific plans), minimum brokerage charges on small trades, and additional charges for call & trade.

Frequently Asked Questions #

1. What are the benefits of opening an ICICIdirect account? #

• Free account opening
• Brokerage-free equity futures trading
• Flat Rs. 20 per trade brokerage in Options, Currency F&O and Commodity futures in BSE, NSE and MCX
• Free trading tips
• Get funds in your bank account in just 5 minutes of selling stocks

2. What are the different types of accounts offered by ICICIdirect? #

• 3-in-1 account
• Trading account
• Demat account
• Savings account

3. What are the brokerage charges for ICICIdirect? #

• The brokerage charges vary depending on the type of account you have and the type of trade you are making.
• For example, the brokerage charge for a 3-in-1 account is Rs. 20 per trade for Options, Currency F&O and Commodity futures in BSE, NSE and MCX.
• The brokerage charge for a trading account is Rs. 20 per trade for equity delivery and Rs. 30 per trade for equity intraday.

4. How do I open an ICICIdirect account? #

• You can open an ICICIdirect account online or by visiting an ICICI Bank branch.
• To open an account online, you will need to provide some basic information, such as your name, address, and PAN number.
• Once you have opened an account, you will need to fund it with a minimum amount of Rs. 1,000.

5. How do I login to my ICICIdirect account? #

•  You can login to your ICICIdirect account by visiting the ICICIdirect website and entering your User ID and Password.
• If you have forgotten your User ID or Password, you can reset it by following the instructions on the website.

6. How do I place a trade on ICICIdirect? #

• To place a trade on ICICIdirect, you will need to log in to your account and select the type of trade you want to make.
• For example, if you want to buy shares, you will need to select the “Buy” option.
• You will then need to enter the details of the trade, such as the security you want to buy, the number of shares, and the price.

7. How do I track my trades on ICICIdirect? #

• You can track your trades on ICICIdirect by logging in to your account and going to the “Transactions” section.
• This section will show you a list of all your recent trades, including the security, the number of shares, the price, and the status of the trade.

8. How do I get help with ICICIdirect? #

• If you have any problems with your ICICIdirect account, you can contact the customer support team.
• The customer support team can be reached by phone, email, or chat.

9. What are the security features of ICICIdirect? #

ICICIdirect uses a number of security features to protect your account, including:

• Two-factor authentication
• Secure sockets layer (SSL) encryption
• Password protection

10. What are the terms and conditions of ICICIdirect? #

• The terms and conditions of ICICIdirect can be found on the ICICIdirect website.
• These terms and conditions govern your use of the ICICIdirect platform.