EdelWeiss Vs ICICI Direct: Side By Side Comparison

In this page, I am providing side by side comparison of ICICI Direct Vs Edelweiss.

ICICI Direct is a brokerage arm of ICICI bank and hence provide 3-in-1 demat account. It enables seamless transfer of funds within the accounts. Brokerage of this broker is on higher side.

Whereas Edelweiss is a full service broker and provides many services to its clients. Both of these brokers offer research and recommendation to their customers.

But still there are lot of differences between these two brokers.

edelweiss-vs-icicidirect-1

 

I have equated both these brokers based on Company overview, Account related charges, Brokerage Charges, Transaction charges, Exposure provided, other features, Investment services, Customer service , Research/recommendations and promotion offer on account opening if any.

However, if you already have account with any of these brokers, kindly share your experience with me and fellow readers through comments.

Here is the comparison of ICICI Direct Vs Edelweiss:

Parameters

Edelweiss

ICICI Direct

Edelweiss Logo
icici-direct-logo
Review
Type of Broker
Full Service Broker
Full Service Broker
Incorporation Year
2002
2000
Supported Exchanges
NSE, BSE, MCX-SX , MCX and MSEI
NSE & BSE

Account Related Charges

Trading Account Opening Fees
Rs 1000
Rs 0
Trading Account AMC
Rs 0
Rs 0
Demat Account Opening Fees
Rs 0
Rs 975
Demat Account AMC
Rs 500 (Free for first Year)
Rs 600

Brokerage Charges

Equity Delivery Brokerage
0.45%
0.55%
Equity Intraday Brokerage
0.06%
0.275%
Equity Futures Brokerage
0.06%
0.03% to 0.05%
Equity Options Brokerage
Rs 150/lot
Rs 35/lot to Rs 95/lot
Currency Futures Trading Brokerage
0.05%
0.03% to 0,05%
Currency Options Trading Brokerage
Rs 50/lot
Rs 10/lot to Rs 25/lot
Commodity Trading Brokerage
NA
NA
Minimum Brokerage Charges
3 paisa per share
Rs 35 per trade
Monthly Unlimited Plans
Brokerage Calculator
Edelweiss Brokerage Calculator
ICICI Direct Calculator

Transaction Charges

Equity Delivery
0.00325%
0.0031%
Equity Intraday
0.00325%
0.0031%
Equity Futures
0.0019%
0.00180%
Equity Options
0.050% (On Premium)
0.050% (On Premium)
Currency Futures
0.00115%
0.00120%
Currency Options
0.040% (On Premium)
0.050% (On Premium)
Commodity
NA
NA

Exposure

Equity
Upto 20 times Intraday and 4 times for Delivery
Upto 25 times Intraday and 5 times Delivery
Equity Futures
3 times for Intraday
Upto 4 times Intraday
Equity Options
No leverage for Buying and upto 3 times for shorting
Upto 4 times Intraday
Currency Futures
Upto 2 times intraday
Upto 4 times Intraday
Currency Options
No leverage for Buying and upto 3 times for shorting
Upto 4 times Intraday
Commodities
NA
NA

Features

3 in 1 Account
Mobile Trading
Charting
Automated Trading
After Trading Hour Orders
SMS Alerts
Margin Funding
Trading Platform
Xtreme trader, Traders Lounge and Mobile Trader
ICICI Direct Trade Racer ( Desktop & Web), ICICI Direct Mobile App

Investment Services

Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds

Customer Service Channels

24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Support Through Branches
Relationship Managers

Research Reports/Tips/Recommendations

Daily Market Report
Tips/Recommendations
Quarterly Result Analysis
News Alerts
Robo Advisory

Promotional Offers

  • NIL
  • NIL
open-account
open-account

And if you are interested in checking the details these two brokers with few more stock brokers, see the below tables.

Point By Point Comparison of ICICI Direct with other Brokers:

ICICI Direct in comparison with other Stock Brokers

Point By Point Comparison of Edelweiss with other Brokers:

Edelweiss in comparison with other Stock Brokers

Visit comparison of stock brokers in India page to compare two brokers side by side.